Murray Stahl's NSC Position Overview
Murray Stahl (via Horizon Kinetics Asset Management LLC) currently holds 3,033 shares of Norfolk Southern Corporation (NSC) worth $875,687, representing 0.01% of the portfolio. First purchased in 2013-Q2, this long-term strategic position has been held for 51 quarters.
Based on 13F filings since 2013, Murray Stahl has maintained a long-term strategic position in NSC, representing a significant commitment to this investment thesis. Largest addition occurred in Q3 2020, adding 1,685 shares. Largest reduction occurred in Q3 2015, reducing 118,091 shares.
Analysis based on 13F filings available since 2013 Q2
Murray Stahl's Norfolk Southern Corporation (NSC) Holding Value Over Time
Track share changes against reported price movement
Quarterly Norfolk Southern Corporation (NSC) Trades by Murray Stahl
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | -240 | Reduce 7.33% | 3,033 | $288.72 |
| Q2 2025 | -95 | Reduce 2.82% | 3,273 | $255.97 |
| Q4 2024 | +20 | Add 0.60% | 3,368 | $234.70 |
| Q3 2024 | +20 | Add 0.60% | 3,348 | $248.50 |
| Q2 2024 | -130 | Reduce 3.76% | 3,328 | $214.69 |
| Q1 2024 | -35 | Reduce 1.00% | 3,458 | $254.87 |
| Q4 2023 | -639 | Reduce 15.46% | 3,493 | $236.38 |
| Q3 2023 | -209 | Reduce 4.81% | 4,132 | $196.93 |
| Q2 2023 | -140 | Reduce 3.12% | 4,341 | $226.76 |
| Q1 2023 | -50 | Reduce 1.10% | 4,481 | $212.00 |
| Q4 2022 | -125 | Reduce 2.68% | 4,531 | $246.42 |
| Q3 2022 | +70 | Add 1.53% | 4,656 | $209.62 |
| Q2 2022 | +20 | Add 0.44% | 4,586 | $227.21 |
| Q3 2021 | -240 | Reduce 4.99% | 4,566 | $239.16 |
| Q2 2021 | -80 | Reduce 1.64% | 4,806 | $265.50 |
| Q4 2020 | -306 | Reduce 5.89% | 4,886 | $237.62 |
| Q3 2020 | +1,685 | Add 48.05% | 5,192 | $213.98 |
| Q2 2020 | -1,200 | Reduce 25.49% | 3,507 | $175.65 |
| Q1 2020 | -50 | Reduce 1.05% | 4,707 | $145.95 |
| Q2 2019 | -100 | Reduce 2.06% | 4,757 | $199.29 |
| Q1 2019 | -50 | Reduce 1.02% | 4,857 | $186.95 |
| Q4 2018 | -287 | Reduce 5.53% | 4,907 | $149.58 |
| Q3 2018 | -400 | Reduce 7.15% | 5,194 | $180.59 |
| Q2 2018 | -120 | Reduce 2.10% | 5,594 | $150.88 |
| Q1 2018 | -76 | Reduce 1.31% | 5,714 | $135.81 |
| Q4 2017 | -74 | Reduce 1.26% | 5,790 | $144.91 |
| Q3 2017 | -50 | Reduce 0.85% | 5,864 | $132.16 |
| Q2 2017 | +299 | Add 5.33% | 5,914 | $121.58 |
| Q1 2017 | -750 | Reduce 11.78% | 5,615 | $112.02 |
| Q4 2016 | -20 | Reduce 0.31% | 6,365 | $108.09 |
| Q3 2016 | +109 | Add 1.74% | 6,385 | $97.10 |
| Q2 2016 | +91 | Add 1.47% | 6,276 | $85.09 |
| Q1 2016 | +256 | Add 4.32% | 6,185 | $83.27 |
| Q3 2015 | -118,091 | Reduce 95.22% | 5,929 | $76.40 |
| Q2 2015 | -275 | Reduce 0.22% | 124,020 | $87.36 |
| Q1 2015 | -162 | Reduce 0.13% | 124,295 | $102.92 |
| Q4 2014 | -384 | Reduce 0.31% | 124,457 | $109.61 |
| Q3 2014 | -304 | Reduce 0.24% | 124,841 | $111.60 |
| Q2 2014 | -526 | Reduce 0.42% | 125,145 | $103.03 |
| Q1 2014 | +197 | Add 0.16% | 125,671 | $97.17 |
| Q4 2013 | -141 | Reduce 0.11% | 125,474 | $92.82 |
| Q3 2013 | +115 | Add 0.09% | 125,615 | $77.35 |
| Q2 2013 | +125,501 | Add 0.00% | 125,500 | $72.65 |
Murray Stahl's Norfolk Southern Corporation Investment FAQs
Murray Stahl first purchased Norfolk Southern Corporation (NSC) in Q2 2013, acquiring 125,500 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Murray Stahl has held Norfolk Southern Corporation (NSC) for 51 quarters since Q2 2013.
Murray Stahl's largest addition to Norfolk Southern Corporation (NSC) was in Q2 2013, adding 125,500 shares worth $9.12 M.
According to the latest 13F filing for Q4 2025, Murray Stahl's firm, Horizon Kinetics Asset Management LLC, owns 3,033 shares of Norfolk Southern Corporation (NSC), valued at approximately $875,687.
As of the Q4 2025 filing, Norfolk Southern Corporation (NSC) represents approximately 0.01% of Murray Stahl's publicly disclosed stock portfolio, making it one of their key holdings.
Murray Stahl's peak holding in Norfolk Southern Corporation (NSC) was 125,671 shares, as reported at the end of Q1 2014.