Rokos Capital Management 13F: Adds $13M to NSC Stake

Rokos Capital Management Increases Stake in Norfolk Southern

Rokos Capital Management lifted its position in Norfolk Southern Corporation NYSE:NSC during the period, adding 41,942 shares to its holdings. The update comes from the fund's latest Form 13F filing submitted to the Securities and Exchange Commission, which captures portfolio moves for the quarter ended May 15, 2026. Because these filings look backward at past activity, the snapshot reflects holdings at that time and may not represent the firm's exact position today.

Position Details and Share Count

The fund boosted its investment by 44.4%, moving from a prior count of 94,493 shares up to 136,435 shares. That addition of 41,942 shares brought the total reported value of the stake to approximately $42.9 million. The move shows the fund adding meaningfully to its exposure in the rail operator during the period.

Norfolk Southern Shares Trade Near Moving Average

Shares of Norfolk Southern traded around $314.59. The company sits close to its 200-day moving average of $312.61, while its 50-day moving average stands at $327.49. The stock has moved within a 52-week band stretching from a low of $277.80 up to a high of $358.60.

Quarterly Earnings and Profitability

Norfolk Southern reported $12.54 billion in revenue alongside an 11.4% revenue growth rate. The rail carrier generated earnings of $11.81 per share, backed by a net margin of 21.0% and a return on equity of 17.0%. The company's next quarterly financial update is scheduled for October 22, 2026.

Dividend Payments

Investors receive an annual dividend yield of 1.7%, supported by a dividend payout ratio of 46.1%.

Recent Insider Purchases

Company insiders have also stepped in to acquire shares. On June 30, 2026, John Huffard Jr. purchased 169 shares at a price of $314.59 per share, totaling $53,165.71. On the same day, Richard Anderson bought 251 shares at $314.59 apiece for a total of $78,962.09.

Wall Street Analyst Coverage

Wall Street firms continue evaluating the rail carrier. On October 7, 2026, Citigroup maintained its neutral rating and set a target of $347.00. Earlier, on October 5, 2026, JP Morgan kept a neutral rating with a target of $318.00, while Susquehanna maintained a neutral rating on October 2, 2026, with a target of $350.00. Across the broader analyst community, the stock carries a consensus hold rating and an average price target of $356.11 based on 18 opinions.

Rail Transportation Provider Overview

Norfolk Southern Corporation operates a freight rail network transporting raw materials, intermediate goods, and finished products across the eastern United States. Headquartered in Atlanta, Georgia, the company moves agricultural items, chemicals, metals, automotive goods, and intermodal freight.

What to Watch at Norfolk Southern Corporation

Investors will look toward the company's upcoming earnings release on October 22, 2026, for further details on revenue and profitability. Future 13F filings will also show whether institutional investors continue adjusting their positions in the rail operator.