Hutner Capital Management’s Norfolk Southern NSC Stock Holding History

Hutner 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 Q1	$2.14M	Hold	7,454	–	–	0.88%	28
2025 Q4	$2.15M	Hold	7,454	–	–	0.9%	28
2025 Q3	$2.24M	Buy	7,454 +110	+1%	+$30.6K	0.95%	27
2025 Q2	$1.88M	Sell	7,344 -120	-2%	-$28.3K	0.86%	27
2025 Q1	$1.77M	Sell	7,464 -45	-0.6%	-$11K	0.75%	29
2024 Q4	$1.76M	Hold	7,509	–	–	0.85%	29
2024 Q3	$1.87M	Hold	7,509	–	–	0.93%	28
2024 Q2	$1.61M	Sell	7,509 -95	-1%	-$22K	0.88%	29
2024 Q1	$1.94M	Buy	7,604 +4	+0.1%	+$990	1.05%	28
2023 Q4	$1.8M	Hold	7,600	–	–	1.06%	27
2023 Q3	$1.5M	Hold	7,600	–	–	0.92%	29
2023 Q2	$1.72M	Hold	7,600	–	–	1.01%	27
2023 Q1	$1.61M	Sell	7,600 -3,591	-32%	-$831K	0.98%	28
2022 Q4	$2.76M	Sell	11,191 -140	-1%	-$33.1K	1.71%	19
2022 Q3	$2.38M	Sell	11,331 -265	-2%	-$63.7K	1.66%	19
2022 Q2	$2.64M	Sell	11,596 -720	-6%	-$177K	1.73%	19
2022 Q1	$3.51M	Sell	12,316 -272	-2%	-$74.9K	2%	18
2021 Q4	$3.75M	Sell	12,588 -130	-1%	-$36.3K	2.19%	15
2021 Q3	$3.04M	Sell	12,718 -143	-1%	-$36.7K	1.99%	18
2021 Q2	$3.41M	Sell	12,861 -110	-0.8%	-$30.4K	2.18%	17
2021 Q1	$3.48M	Sell	12,971 -1,000	-7%	-$253K	2.28%	15
2020 Q4	$3.32M	Sell	13,971 -230	-2%	-$52.3K	2.31%	16
2020 Q3	$3.04M	Sell	14,201 -335	-2%	-$67.3K	2.26%	16
2020 Q2	$2.55M	Sell	14,536 -2,355	-14%	-$399K	2.16%	16
2020 Q1	$2.47M	Sell	16,891 -1,435	-8%	-$265K	2.25%	14
2019 Q4	$3.56M	Sell	18,326 -1,880	-9%	-$353K	2.45%	15
2019 Q3	$3.63M	Sell	20,206 -630	-3%	-$116K	2.57%	14
2019 Q2	$4.15M	Sell	20,836 -60	-0.3%	-$11.9K	2.95%	12
2019 Q1	$3.9M	Sell	20,896 -3,115	-13%	-$539K	2.86%	13
2018 Q4	$3.59M	Sell	24,011 -2,205	-8%	-$363K	2.8%	13
2018 Q3	$4.73M	Hold	26,216	–	–	3.43%	11
2018 Q2	$3.96M	Hold	26,216	–	–	3.09%	15
2018 Q1	$3.56M	Sell	26,216 -374	-1%	-$53.8K	2.77%	15
2017 Q4	$3.85M	Sell	26,590 -20	-0.1%	-$2.69K	2.75%	15
2017 Q3	$3.52M	Sell	26,610 -195	-0.7%	-$23.7K	2.66%	15
2017 Q2	$3.26M	Sell	26,805 -185	-0.7%	-$21.7K	2.51%	15
2017 Q1	$3.02M	Sell	26,990 -117	-0.4%	-$13.7K	2.38%	16
2016 Q4	$2.93M	Sell	27,107 -425	-2%	-$42.9K	2.43%	16
2016 Q3	$2.67M	Buy	+27,532	New	+$2.51M	2.27%	17

Other funds holding NSC

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

VCM

Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

Dodge & Cox San Francisco, California $182B AUM 14.68% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.61T AUM 30.72% 1-Year Est. Return

Millennium Management New York $240B AUM 35.51% 1-Year Est. Return

VPM

Vanguard Portfolio Management Malvern, Pennsylvania $1.91T AUM

PCM

Pentwater Capital Management Naples, Florida $19.3B AUM 58.13% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

Northern Trust Chicago, Illinois $757B AUM 28.64% 1-Year Est. Return

Hutner Capital Management's NSC Position: Q1 2026 in Review

Hutner Capital Management held its Norfolk Southern (NSC) position steady in Q1 2026 at 7,454 shares worth $2.14M. The position accounts for 0.88% of the portfolio, ranked #28.

Hutner Capital Management first reported a position in NSC in Q3 2016 and has held it in 39 quarters since. The position peaked at $4.73M in Q3 2018. 1,829 funds tracked by Wall St. Rank hold NSC as of Q1 2026.

Hutner Capital Management held 7,454 shares of Norfolk Southern worth $2.14M as of Q1 2026.
Hutner Capital Management left its Norfolk Southern share count unchanged in Q1 2026.
Norfolk Southern made up 0.88% of Hutner Capital Management's portfolio in Q1 2026, its #28 holding.
Hutner Capital Management first reported a position in Norfolk Southern in Q3 2016 and has held it in 39 quarters since.
Hutner Capital Management's Norfolk Southern position peaked at $4.73M in Q3 2018.
1,829 funds tracked by Wall St. Rank held Norfolk Southern as of Q1 2026.

Based on Hutner Capital Management's 13F filing for Q1 2026, filed 15 May 2026.