NORFOLK SOUTHERN CORP

Ticker: NSC CUSIP: 655844108 Class: COM

BAILARD, INC.'s Holding History (CIK: 0000750641)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 4,473 Value ($000) $1,292 Avg Close $288.62 Range $277.08 - $300.79

Q3 2025

Shares 4,462 Value ($000) $1,340 Avg Close $276.03 Range $252.95 - $299.47

Q2 2025

Shares 4,227 Value ($000) $1,082 Avg Close $233.06 Range $198.48 - $255.81

Q1 2025

Shares 4,297 Value ($000) $1,018 Avg Close $239.35 Range $222.00 - $264.36

Q4 2024

Shares 4,255 Value ($000) $999 Avg Close $248.46 Range $225.19 - $271.79

Q3 2024

Shares 4,275 Value ($000) $1,062 Avg Close $233.00 Range $204.24 - $253.86

Q2 2024

Shares 4,297 Value ($000) $923 Avg Close $224.21 Range $200.19 - $246.91

Q1 2024

Shares 4,297 Value ($000) $1,095 Avg Close $237.76 Range $214.83 - $253.85

Q4 2023

Shares 4,271 Value ($000) $1,010 Avg Close $200.12 Range $174.02 - $227.48

Q3 2023

Shares 4,122 Value ($000) $812 Avg Close $205.00 Range $184.44 - $225.83

Q2 2023

Shares 4,160 Value ($000) $943 Avg Close $200.25 Range $185.68 - $215.05

Q1 2023

Shares 4,160 Value ($000) $882 Avg Close $216.72 Range $184.28 - $242.90

Q4 2022

Shares 4,160 Value ($000) $1,025 Avg Close $220.43 Range $189.06 - $244.31

Q3 2022

Shares 4,270 Value ($000) $895 Avg Close $222.85 Range $194.58 - $245.30

Q2 2022

Shares 4,275 Value ($000) $972 Avg Close $226.47 Range $202.60 - $262.57

Q1 2022

Shares 4,294 Value ($000) $1,225 Avg Close $252.93 Range $227.90 - $273.69

Q4 2021

Shares 4,294 Value ($000) $1,278 Avg Close $255.22 Range $218.02 - $273.89

Q3 2021

Shares 4,294 Value ($000) $1,027 Avg Close $233.46 Range $217.60 - $249.27

Q2 2021

Shares 4,344 Value ($000) $1,153 Avg Close $250.29 Range $237.13 - $267.99

Q1 2021

Shares 4,344 Value ($000) $1,166 Avg Close $228.85 Range $207.42 - $247.83

Q4 2020

Shares 4,819 Value ($000) $1,145 Avg Close $204.73 Range $176.03 - $223.49

Q3 2020

Shares 4,909 Value ($000) $1,050 Avg Close $179.92 Range $151.06 - $201.91

Q2 2020

Shares 5,021 Value ($000) $882 Avg Close $150.98 Range $121.35 - $179.10

Q1 2020

Shares 4,868 Value ($000) $711 Avg Close $163.63 Range $100.01 - $194.41

Q4 2019

Shares 4,173 Value ($000) $810 Avg Close $165.56 Range $146.52 - $174.77

Q3 2019

Shares 4,323 Value ($000) $777 Avg Close $161.51 Range $148.22 - $182.44

Q2 2019

Shares 4,323 Value ($000) $862 Avg Close $173.34 Range $164.54 - $184.28

Q1 2019

Shares 3,823 Value ($000) $714 Avg Close $150.47 Range $124.50 - $164.26

Q4 2018

Shares 3,823 Value ($000) $572 Avg Close $142.35 Range $120.21 - $160.07

Q3 2018

Shares 3,848 Value ($000) $695 Avg Close $147.16 Range $128.72 - $161.27

Q2 2018

Shares 3,848 Value ($000) $581 Avg Close $125.28 Range $109.19 - $136.18

Q1 2018

Shares 3,848 Value ($000) $522 Avg Close $122.67 Range $112.62 - $133.63

Q4 2017

Shares 3,848 Value ($000) $558 Avg Close $113.99 Range $106.48 - $124.43

Q3 2017

Shares 3,848 Value ($000) $509 Avg Close $102.71 Range $93.81 - $113.26

Q2 2017

Shares 3,948 Value ($000) $480 Avg Close $98.76 Range $93.02 - $105.49

Q1 2017

Shares 4,038 Value ($000) $452 Avg Close $97.78 Range $88.22 - $104.69

Q4 2016

Shares 4,038 Value ($000) $436 Avg Close $83.99 Range $74.46 - $92.84

Q3 2016

Shares 4,038 Value ($000) $392 Avg Close $75.16 Range $68.43 - $80.53

Q2 2016

Shares 4,143 Value ($000) $353 Avg Close $69.72 Range $63.83 - $76.86

Q1 2016

Shares 4,403 Value ($000) $367 Avg Close $61.54 Range $52.69 - $70.78

Q3 2015

Shares 7,121 Value ($000) $544 Avg Close $65.12 Range $57.94 - $70.74

Q2 2015

Shares 7,629 Value ($000) $666 Avg Close $77.43 Range $69.21 - $84.64

Q1 2015

Shares 7,875 Value ($000) $810 Avg Close $84.19 Range $78.29 - $88.38

Q4 2014

Shares 8,092 Value ($000) $887 Avg Close $85.81 Range $79.24 - $92.28

Q3 2014

Shares 8,142 Value ($000) $909 Avg Close $82.62 Range $77.74 - $88.50

Q2 2014

Shares 8,347 Value ($000) $860 Avg Close $76.02 Range $70.92 - $81.20

Q1 2014

Shares 11,312 Value ($000) $1,099 Avg Close $71.41 Range $66.84 - $75.69

Q4 2013

Shares 11,847 Value ($000) $1,100 Avg Close $65.71 Range $58.01 - $71.47

Q3 2013

Shares 13,199 Value ($000) $1,021 Avg Close $56.99 Range $54.14 - $60.17

Q2 2013

Shares 28,154 Value ($000) $2,045 Avg Close $57.67 Range $53.20 - $61.33

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	4,473	$1,292	$288.62	$277.08 - $300.79
Q3 2025	4,462	$1,340	$276.03	$252.95 - $299.47
Q2 2025	4,227	$1,082	$233.06	$198.48 - $255.81
Q1 2025	4,297	$1,018	$239.35	$222.00 - $264.36
Q4 2024	4,255	$999	$248.46	$225.19 - $271.79
Q3 2024	4,275	$1,062	$233.00	$204.24 - $253.86
Q2 2024	4,297	$923	$224.21	$200.19 - $246.91
Q1 2024	4,297	$1,095	$237.76	$214.83 - $253.85
Q4 2023	4,271	$1,010	$200.12	$174.02 - $227.48
Q3 2023	4,122	$812	$205.00	$184.44 - $225.83
Q2 2023	4,160	$943	$200.25	$185.68 - $215.05
Q1 2023	4,160	$882	$216.72	$184.28 - $242.90
Q4 2022	4,160	$1,025	$220.43	$189.06 - $244.31
Q3 2022	4,270	$895	$222.85	$194.58 - $245.30
Q2 2022	4,275	$972	$226.47	$202.60 - $262.57
Q1 2022	4,294	$1,225	$252.93	$227.90 - $273.69
Q4 2021	4,294	$1,278	$255.22	$218.02 - $273.89
Q3 2021	4,294	$1,027	$233.46	$217.60 - $249.27
Q2 2021	4,344	$1,153	$250.29	$237.13 - $267.99
Q1 2021	4,344	$1,166	$228.85	$207.42 - $247.83
Q4 2020	4,819	$1,145	$204.73	$176.03 - $223.49
Q3 2020	4,909	$1,050	$179.92	$151.06 - $201.91
Q2 2020	5,021	$882	$150.98	$121.35 - $179.10
Q1 2020	4,868	$711	$163.63	$100.01 - $194.41
Q4 2019	4,173	$810	$165.56	$146.52 - $174.77
Q3 2019	4,323	$777	$161.51	$148.22 - $182.44
Q2 2019	4,323	$862	$173.34	$164.54 - $184.28
Q1 2019	3,823	$714	$150.47	$124.50 - $164.26
Q4 2018	3,823	$572	$142.35	$120.21 - $160.07
Q3 2018	3,848	$695	$147.16	$128.72 - $161.27
Q2 2018	3,848	$581	$125.28	$109.19 - $136.18
Q1 2018	3,848	$522	$122.67	$112.62 - $133.63
Q4 2017	3,848	$558	$113.99	$106.48 - $124.43
Q3 2017	3,848	$509	$102.71	$93.81 - $113.26
Q2 2017	3,948	$480	$98.76	$93.02 - $105.49
Q1 2017	4,038	$452	$97.78	$88.22 - $104.69
Q4 2016	4,038	$436	$83.99	$74.46 - $92.84
Q3 2016	4,038	$392	$75.16	$68.43 - $80.53
Q2 2016	4,143	$353	$69.72	$63.83 - $76.86
Q1 2016	4,403	$367	$61.54	$52.69 - $70.78
Q3 2015	7,121	$544	$65.12	$57.94 - $70.74
Q2 2015	7,629	$666	$77.43	$69.21 - $84.64
Q1 2015	7,875	$810	$84.19	$78.29 - $88.38
Q4 2014	8,092	$887	$85.81	$79.24 - $92.28
Q3 2014	8,142	$909	$82.62	$77.74 - $88.50
Q2 2014	8,347	$860	$76.02	$70.92 - $81.20
Q1 2014	11,312	$1,099	$71.41	$66.84 - $75.69
Q4 2013	11,847	$1,100	$65.71	$58.01 - $71.47
Q3 2013	13,199	$1,021	$56.99	$54.14 - $60.17
Q2 2013	28,154	$2,045	$57.67	$53.20 - $61.33