NORFOLK SOUTHERN CORP

Ticker: NSC CUSIP: 655844108 Class: COM

DAVIDSON INVESTMENT ADVISORS's Holding History (CIK: 0001140771)

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

Q4 2025

Shares 54,626 Value ($000) $15,772 Avg Close $288.62 Range $277.08 - $300.79

Q3 2025

Shares 55,224 Value ($000) $16,590 Avg Close $276.03 Range $252.95 - $299.47

Q2 2025

Shares 55,618 Value ($000) $14,237 Avg Close $233.06 Range $198.48 - $255.81

Q1 2025

Shares 54,976 Value ($000) $13,021 Avg Close $239.35 Range $222.00 - $264.36

Q4 2024

Shares 55,068 Value ($000) $12,924 Avg Close $248.46 Range $225.19 - $271.79

Q3 2024

Shares 75,879 Value ($000) $18,856 Avg Close $233.00 Range $204.24 - $253.86

Q2 2024

Shares 74,229 Value ($000) $15,936 Avg Close $224.21 Range $200.19 - $246.91

Q1 2024

Shares 61,567 Value ($000) $15,692 Avg Close $237.76 Range $214.83 - $253.85

Q4 2023

Shares 61,101 Value ($000) $14,443 Avg Close $200.12 Range $174.02 - $227.48

Q3 2023

Shares 60,972 Value ($000) $12,007 Avg Close $205.00 Range $184.44 - $225.83

Q2 2023

Shares 60,706 Value ($000) $13,766 Avg Close $200.25 Range $185.68 - $215.05

Q1 2023

Shares 60,165 Value ($000) $12,755 Avg Close $216.72 Range $184.28 - $242.90

Q4 2022

Shares 47,781 Value ($000) $11,774 Avg Close $220.43 Range $189.06 - $244.31

Q3 2022

Shares 48,267 Value ($000) $10,119 Avg Close $222.85 Range $194.58 - $245.30

Q2 2022

Shares 46,793 Value ($000) $10,636 Avg Close $226.47 Range $202.60 - $262.57

Q1 2022

Shares 46,565 Value ($000) $13,281 Avg Close $252.93 Range $227.90 - $273.69

Q4 2021

Shares 46,432 Value ($000) $13,823 Avg Close $255.22 Range $218.02 - $273.89

Q3 2021

Shares 46,536 Value ($000) $11,134 Avg Close $233.46 Range $217.60 - $249.27

Q2 2021

Shares 46,277 Value ($000) $12,282 Avg Close $250.29 Range $237.13 - $267.99

Q1 2021

Shares 47,428 Value ($000) $12,735 Avg Close $228.85 Range $207.42 - $247.83

Q4 2020

Shares 48,848 Value ($000) $11,607 Avg Close $204.73 Range $176.03 - $223.49

Q3 2020

Shares 49,757 Value ($000) $10,648 Avg Close $179.92 Range $151.06 - $201.91

Q2 2020

Shares 52,453 Value ($000) $9,209 Avg Close $150.98 Range $121.35 - $179.10

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	54,626	$15,772	$288.62	$277.08 - $300.79
Q3 2025	55,224	$16,590	$276.03	$252.95 - $299.47
Q2 2025	55,618	$14,237	$233.06	$198.48 - $255.81
Q1 2025	54,976	$13,021	$239.35	$222.00 - $264.36
Q4 2024	55,068	$12,924	$248.46	$225.19 - $271.79
Q3 2024	75,879	$18,856	$233.00	$204.24 - $253.86
Q2 2024	74,229	$15,936	$224.21	$200.19 - $246.91
Q1 2024	61,567	$15,692	$237.76	$214.83 - $253.85
Q4 2023	61,101	$14,443	$200.12	$174.02 - $227.48
Q3 2023	60,972	$12,007	$205.00	$184.44 - $225.83
Q2 2023	60,706	$13,766	$200.25	$185.68 - $215.05
Q1 2023	60,165	$12,755	$216.72	$184.28 - $242.90
Q4 2022	47,781	$11,774	$220.43	$189.06 - $244.31
Q3 2022	48,267	$10,119	$222.85	$194.58 - $245.30
Q2 2022	46,793	$10,636	$226.47	$202.60 - $262.57
Q1 2022	46,565	$13,281	$252.93	$227.90 - $273.69
Q4 2021	46,432	$13,823	$255.22	$218.02 - $273.89
Q3 2021	46,536	$11,134	$233.46	$217.60 - $249.27
Q2 2021	46,277	$12,282	$250.29	$237.13 - $267.99
Q1 2021	47,428	$12,735	$228.85	$207.42 - $247.83
Q4 2020	48,848	$11,607	$204.73	$176.03 - $223.49
Q3 2020	49,757	$10,648	$179.92	$151.06 - $201.91
Q2 2020	52,453	$9,209	$150.98	$121.35 - $179.10