NORFOLK SOUTHERN CORP

Ticker: NSC CUSIP: 655844108 Class: COM

Magellan Asset Management Ltd's Holding History (CIK: 0001536105)

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

Q4 2025

Shares 229,244 Value ($000) $66,187 Avg Close $288.62 Range $277.08 - $300.79

Q3 2025

Shares 252,848 Value ($000) $75,958 Avg Close $276.03 Range $252.95 - $299.47

Q2 2025

Shares 398,267 Value ($000) $101,944 Avg Close $233.06 Range $198.48 - $255.81

Q1 2025

Shares 458,320 Value ($000) $108,553 Avg Close $239.35 Range $222.00 - $264.36

Q4 2024

Shares 761,645 Value ($000) $178,758 Avg Close $248.46 Range $225.19 - $271.79

Q3 2024

Shares 787,082 Value ($000) $195,590 Avg Close $233.00 Range $204.24 - $253.86

Q2 2024

Shares 962,529 Value ($000) $206,645 Avg Close $224.21 Range $200.19 - $246.91

Q1 2024

Shares 830,773 Value ($000) $211,739 Avg Close $237.76 Range $214.83 - $253.85

Q4 2023

Shares 970,123 Value ($000) $229,318 Avg Close $200.12 Range $174.02 - $227.48

Q3 2023

Shares 1,024,809 Value ($000) $201,816 Avg Close $205.00 Range $184.44 - $225.83

Q2 2023

Shares 979,897 Value ($000) $222,201 Avg Close $200.25 Range $185.68 - $215.05

Q1 2023

Shares 1,035,387 Value ($000) $219,502 Avg Close $216.72 Range $184.28 - $242.90

Q4 2022

Shares 949,123 Value ($000) $233,883 Avg Close $220.43 Range $189.06 - $244.31

Q3 2022

Shares 995,796 Value ($000) $208,769 Avg Close $222.85 Range $194.58 - $245.30

Q2 2022

Shares 1,036,176 Value ($000) $235,512 Avg Close $226.47 Range $202.60 - $262.57

Q1 2022

Shares 1,071,807 Value ($000) $305,701 Avg Close $252.93 Range $227.90 - $273.69

Q4 2021

Shares 1,030,292 Value ($000) $306,728 Avg Close $255.22 Range $218.02 - $273.89

Q3 2021

Shares 1,031,132 Value ($000) $246,698 Avg Close $233.46 Range $217.60 - $249.27

Q2 2021

Shares 1,047,983 Value ($000) $278,145 Avg Close $250.29 Range $237.13 - $267.99

Q1 2021

Shares 1,037,832 Value ($000) $278,679 Avg Close $228.85 Range $207.42 - $247.83

Q4 2020

Shares 570,259 Value ($000) $135,499 Avg Close $204.73 Range $176.03 - $223.49

Q3 2020

Shares 95 Value ($000) $20 Avg Close $179.92 Range $151.06 - $201.91

Q3 2017

Shares 68,267 Value ($000) $9,028 Avg Close $102.71 Range $93.81 - $113.26

Q2 2017

Shares 365,883 Value ($000) $44,528 Avg Close $98.76 Range $93.02 - $105.49

Q1 2017

Shares 385,605 Value ($000) $43,000 Avg Close $97.78 Range $88.22 - $104.69

Q4 2016

Shares 350,939 Value ($000) $37,926 Avg Close $83.99 Range $74.46 - $92.84

Q3 2016

Shares 334,712 Value ($000) $32,487 Avg Close $75.16 Range $68.43 - $80.53

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	229,244	$66,187	$288.62	$277.08 - $300.79
Q3 2025	252,848	$75,958	$276.03	$252.95 - $299.47
Q2 2025	398,267	$101,944	$233.06	$198.48 - $255.81
Q1 2025	458,320	$108,553	$239.35	$222.00 - $264.36
Q4 2024	761,645	$178,758	$248.46	$225.19 - $271.79
Q3 2024	787,082	$195,590	$233.00	$204.24 - $253.86
Q2 2024	962,529	$206,645	$224.21	$200.19 - $246.91
Q1 2024	830,773	$211,739	$237.76	$214.83 - $253.85
Q4 2023	970,123	$229,318	$200.12	$174.02 - $227.48
Q3 2023	1,024,809	$201,816	$205.00	$184.44 - $225.83
Q2 2023	979,897	$222,201	$200.25	$185.68 - $215.05
Q1 2023	1,035,387	$219,502	$216.72	$184.28 - $242.90
Q4 2022	949,123	$233,883	$220.43	$189.06 - $244.31
Q3 2022	995,796	$208,769	$222.85	$194.58 - $245.30
Q2 2022	1,036,176	$235,512	$226.47	$202.60 - $262.57
Q1 2022	1,071,807	$305,701	$252.93	$227.90 - $273.69
Q4 2021	1,030,292	$306,728	$255.22	$218.02 - $273.89
Q3 2021	1,031,132	$246,698	$233.46	$217.60 - $249.27
Q2 2021	1,047,983	$278,145	$250.29	$237.13 - $267.99
Q1 2021	1,037,832	$278,679	$228.85	$207.42 - $247.83
Q4 2020	570,259	$135,499	$204.73	$176.03 - $223.49
Q3 2020	95	$20	$179.92	$151.06 - $201.91
Q3 2017	68,267	$9,028	$102.71	$93.81 - $113.26
Q2 2017	365,883	$44,528	$98.76	$93.02 - $105.49
Q1 2017	385,605	$43,000	$97.78	$88.22 - $104.69
Q4 2016	350,939	$37,926	$83.99	$74.46 - $92.84
Q3 2016	334,712	$32,487	$75.16	$68.43 - $80.53