Norfolk Southern Shares Sold by London Co. of Virginia

London Co. of Virginia reduced its stake in the railroad operator by 2.2% in the third quarter.

Mar. 17, 2026 at 10:06am

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London Co. of Virginia, a major institutional investor, reduced its holdings in Norfolk Southern Corporation by 2.2% during the third quarter of 2026, according to a disclosure filed with the Securities and Exchange Commission (SEC). The fund previously owned 1,805,124 shares of the railroad operator's stock, worth approximately $542 million, but sold 39,804 shares during the quarter.

Why it matters

Norfolk Southern is a major Class I freight railroad company that operates an extensive network across the eastern United States. The company's stock performance and institutional ownership are closely watched by investors and analysts as indicators of the railroad industry's health and future prospects.

The details

London Co. of Virginia, an investment management firm, reduced its stake in Norfolk Southern Corporation during the third quarter of 2026. The firm previously owned 1,805,124 shares of the railroad operator's stock, which made up about 3% of its total holdings and was the firm's second-largest position. However, the firm sold 39,804 shares, reducing its overall stake by 2.2%.

  • The share sale occurred during the third quarter of 2026.

The players

London Co. of Virginia

An investment management firm that previously held a significant stake in Norfolk Southern Corporation.

Norfolk Southern Corporation

A major Class I freight railroad company that operates an extensive network across the eastern United States.

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The takeaway

The reduction in London Co. of Virginia's stake in Norfolk Southern Corporation suggests that the investment firm may have concerns about the railroad operator's future performance or the broader outlook for the industry. However, Norfolk Southern remains a significant holding for the firm, and its overall performance will continue to be closely watched by investors and analysts.