MAM
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Magellan Asset Management’s Norfolk Southern NSC Stock Holding History

Magellan Asset 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 		$59.1M Sell
206,026
-23,218
-10% -$6.9M 0.77% 35
2025
Q4 		$66.2M Sell
229,244
-23,604
-9% -$6.83M 0.8% 33
2025
Q3 		$76M Sell
252,848
-145,419
-37% -$40.4M 0.9% 31
2025
Q2 		$102M Sell
398,267
-60,053
-13% -$14.2M 1.17% 31
2025
Q1 		$109M Sell
458,320
-303,325
-40% -$73.9M 1.32% 28
2024
Q4 		$179M Sell
761,645
-25,437
-3% -$6.47M 1.96% 24
2024
Q3 		$196M Sell
787,082
-175,447
-18% -$42.1M 1.95% 26
2024
Q2 		$207M Buy
962,529
+131,756
+16% +$30.6M 1.97% 23
2024
Q1 		$212M Sell
830,773
-139,350
-14% -$34.5M 2.02% 23
2023
Q4 		$229M Sell
970,123
-54,686
-5% -$11.5M 2.28% 20
2023
Q3 		$202M Buy
1,024,809
+44,912
+5% +$9.71M 2.14% 19
2023
Q2 		$222M Sell
979,897
-55,490
-5% -$11.8M 1.98% 20
2023
Q1 		$220M Buy
1,035,387
+86,264
+9% +$20M 1.87% 22
2022
Q4 		$234M Sell
949,123
-46,673
-5% -$11M 2% 21
2022
Q3 		$209M Sell
995,796
-40,380
-4% -$9.71M 1.46% 23
2022
Q2 		$236M Sell
1,036,176
-35,631
-3% -$8.75M 1.29% 24
2022
Q1 		$306M Buy
1,071,807
+41,515
+4% +$11.4M 1.18% 24
2021
Q4 		$307M Sell
1,030,292
-840
-0.1% -$235K 0.78% 24
2021
Q3 		$247M Sell
1,031,132
-16,851
-2% -$4.32M 0.49% 24
2021
Q2 		$278M Buy
1,047,983
+10,151
+1% +$2.8M 0.55% 22
2021
Q1 		$279M Buy
1,037,832
+467,573
+82% +$118M 0.58% 22
2020
Q4 		$135M Buy
570,259
+570,164
+600,173% +$130M 0.31% 25
2020
Q3 		$20K Buy
+95
New +$19.1K ﹤0.01% 93
2017
Q4 		– Sell
-68,267
Closed -$9.03M – 84
2017
Q3 		$9.03M Sell
68,267
-297,616
-81% -$36.2M 0.03% 39
2017
Q2 		$44.5M Sell
365,883
-19,722
-5% -$2.32M 0.19% 26
2017
Q1 		$43M Buy
385,605
+34,666
+10% +$4.05M 0.19% 28
2016
Q4 		$37.9M Buy
350,939
+16,227
+5% +$1.64M 0.18% 30
2016
Q3 		$32.5M Buy
+334,712
New +$30.5M 0.16% 29

Other funds holding NSC

BlackRock
BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return
VCM
Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM
State Street
State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return
Dodge & Cox
Dodge & Cox San Francisco, California $182B AUM 14.68% 1-Year Est. Return
Geode Capital Management
Geode Capital Management Boston, Massachusetts $1.61T AUM 30.72% 1-Year Est. Return
Millennium Management
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
Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return
Northern Trust
Northern Trust Chicago, Illinois $757B AUM 28.64% 1-Year Est. Return

Magellan Asset Management's NSC Position: Q1 2026 in Review

Magellan Asset Management reduced its Norfolk Southern (NSC) stake by 10% in Q1 2026, selling an estimated $6.9M and leaving 206,026 shares worth $59.1M. The position accounts for 0.77% of the portfolio, ranked #35.

Magellan Asset Management first reported a position in NSC in Q3 2016 and has held it in 28 quarters since. The position peaked at $307M in Q4 2021. 1,829 funds tracked by Wall St. Rank hold NSC as of Q1 2026.

  • Magellan Asset Management held 206,026 shares of Norfolk Southern worth $59.1M as of Q1 2026.
  • Magellan Asset Management sold 23,218 Norfolk Southern shares in Q1 2026, an estimated $6.9M.
  • Norfolk Southern made up 0.77% of Magellan Asset Management's portfolio in Q1 2026, its #35 holding.
  • Magellan Asset Management first reported a position in Norfolk Southern in Q3 2016 and has held it in 28 quarters since.
  • Magellan Asset Management's Norfolk Southern position peaked at $307M in Q4 2021.
  • 1,829 funds tracked by Wall St. Rank held Norfolk Southern as of Q1 2026.

Based on Magellan Asset Management's 13F filing for Q1 2026, filed 12 May 2026.