Cobalt Capital Management’s Norfolk Southern NSC Stock Holding History

Cobalt 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
2026 Q2	$22M	Sell	70,000 -45,000	-39%	-$13.9M	15.68%	1
2026 Q1	$33M	Buy	115,000 +15,000	+15%	+$4.46M	18.48%	1
2025 Q4	$28.9M	Buy	100,000 +10,000	+11%	+$2.89M	12.78%	3
2025 Q3	$27M	Buy	+90,000	New	+$25M	12.43%	3
2018 Q4	–	Sell	-30,618	Closed	-$5.53M	–	44
2018 Q3	$5.53M	Sell	30,618 -45,500	-60%	-$7.77M	1.36%	23
2018 Q2	$11.5M	Buy	+76,118	New	+$11.1M	2.56%	15
2017 Q4	–	Sell	-115,400	Closed	-$15.3M	–	62
2017 Q3	$15.3M	Buy	+115,400	New	+$14M	2.09%	18

Other funds holding NSC

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

Vanguard Capital Management Malvern, Pennsylvania $4.68T AUM

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

Vanguard Portfolio Management Malvern, Pennsylvania $2.22T AUM

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

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

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

Norges Bank Oslo, Norway $1T AUM

PCM

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

Northern Trust Chicago, Illinois $860B AUM 41.15% 1-Year Est. Return

Cobalt Capital Management's NSC Position: Q2 2026 in Review

Cobalt Capital Management reduced its Norfolk Southern (NSC) stake by 39% in Q2 2026, selling an estimated $13.9M and leaving 70,000 shares worth $22M. The position accounts for 15.68% of the portfolio, ranked #1.

Cobalt Capital Management first reported a position in NSC in Q3 2017 and has held it in 7 quarters since. The position peaked at $33M in Q1 2026. 1,856 funds tracked by Wall St. Rank hold NSC as of Q2 2026.

Cobalt Capital Management held 70,000 shares of Norfolk Southern worth $22M as of Q2 2026.
Cobalt Capital Management sold 45,000 Norfolk Southern shares in Q2 2026, an estimated $13.9M.
Norfolk Southern made up 15.68% of Cobalt Capital Management's portfolio in Q2 2026, its #1 holding.
Cobalt Capital Management first reported a position in Norfolk Southern in Q3 2017 and has held it in 7 quarters since.
Cobalt Capital Management's Norfolk Southern position peaked at $33M in Q1 2026.
1,856 funds tracked by Wall St. Rank held Norfolk Southern as of Q2 2026.

Based on Cobalt Capital Management's 13F filing for Q2 2026, filed 14 Aug 2026.