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MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Increases Stake in Norfolk Southern Corporation
The investment firm now owns over 1.1 million shares of the railroad operator
Mar. 17, 2026 at 10:53am
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MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Norfolk Southern Corporation (NYSE:NSC) by 1.3% during the 3rd quarter, according to the company's recent disclosure with the Securities & Exchange Commission. The institutional investor now owns 1,132,501 shares of the railroad operator's stock, worth approximately $340 million.
Why it matters
This investment highlights the continued institutional interest in Norfolk Southern, one of the largest freight railroad companies in the United States. As a major transportation and logistics provider, Norfolk Southern's performance is seen as an indicator of broader economic trends.
The details
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired an additional 14,846 shares of Norfolk Southern during the 3rd quarter, bringing its total stake to approximately 0.5% of the company's outstanding shares. The investment firm is one of Norfolk Southern's largest institutional shareholders.
- MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in the 3rd quarter of 2026.
The players
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.
An institutional investment firm that owns a significant stake in Norfolk Southern Corporation.
Norfolk Southern Corporation
A major U.S. freight railroad company that provides rail transportation and related logistics services across the eastern United States.
The takeaway
This investment by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. underscores the continued institutional confidence in Norfolk Southern's business model and growth prospects, even as the broader transportation and logistics sector faces economic headwinds.
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