Bayesian Capital Management’s Norfolk Southern NSC Stock Holding History

Bayesian Capital Management’s Portfolio NSC Stock Details NSC Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	–	Sell	-893	Closed	-$268K	–	397
2025 Q3	$268K	Buy	+893	New	+$248K	0.05%	402
2025 Q2	–	Sell	-6,900	Closed	-$1.63M	–	767
2025 Q1	$1.63M	Buy	6,900 +5,400	+360%	+$1.32M	0.27%	105
2024 Q4	$352K	Buy	+1,500	New	+$381K	0.04%	455
2023 Q4	–	Sell	-3,026	Closed	-$596K	–	945
2023 Q3	$596K	Sell	3,026 -700	-19%	-$151K	0.07%	338
2023 Q2	$845K	Sell	3,726 -474	-11%	-$101K	0.09%	296
2023 Q1	$890K	Sell	4,200 -2,647	-39%	-$612K	0.11%	259
2022 Q4	$1.69M	Buy	+6,847	New	+$1.62M	0.25%	86
2022 Q3	–	Sell	-3,782	Closed	-$860K	–	925
2022 Q2	$860K	Buy	+3,782	New	+$929K	0.16%	188
2020 Q4	–	Sell	-7,200	Closed	-$1.54M	–	610
2020 Q3	$1.54M	Sell	7,200 -1,500	-17%	-$301K	0.38%	64
2020 Q2	$1.53M	Buy	8,700 +4,242	+95%	+$719K	0.34%	71
2020 Q1	$651K	Buy	+4,458	New	+$823K	0.14%	221
2019 Q3	–	Sell	-2,500	Closed	-$498K	–	632
2019 Q2	$498K	Buy	+2,500	New	+$496K	0.1%	265
2016 Q3	–	Sell	-8,300	Closed	-$707K	–	456
2016 Q2	$707K	Buy	+8,300	New	+$705K	0.42%	60

Other funds holding NSC

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return

Dodge & Cox San Francisco, California $191B AUM 17.5% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.88T AUM 44.46% 1-Year Est. Return

Millennium Management New York $276B AUM 44.8% 1-Year Est. Return

Norges Bank Oslo, Norway $1T AUM

Bank of America Charlotte, North Carolina $1.55T AUM 33.47% 1-Year Est. Return

PCM

Pentwater Capital Management Naples, Florida $16.4B AUM 55.44% 1-Year Est. Return

T. Rowe Price Associates Baltimore, Maryland $999B AUM 46.22% 1-Year Est. Return

Bayesian Capital Management's NSC Position: Q4 2025 in Review

Bayesian Capital Management sold out of Norfolk Southern (NSC) in Q4 2025, closing a stake of 893 shares — an estimated $268K sold.

Bayesian Capital Management first reported a position in NSC in Q2 2016 and held it in 13 quarters. The position peaked at $1.69M in Q4 2022. 1,850 funds tracked by Wall St. Rank hold NSC as of Q4 2025.

Bayesian Capital Management reported no remaining Norfolk Southern position as of Q4 2025 after selling out during the quarter.
Bayesian Capital Management sold 893 Norfolk Southern shares in Q4 2025, an estimated $268K.
Bayesian Capital Management first reported a position in Norfolk Southern in Q2 2016 and held it in 13 quarters.
Bayesian Capital Management's Norfolk Southern position peaked at $1.69M in Q4 2022.
1,850 funds tracked by Wall St. Rank held Norfolk Southern as of Q4 2025.

Based on Bayesian Capital Management's 13F filing for Q4 2025, filed 17 Feb 2026.