Third Point NSC trades
Daniel Loeb
Daniel Loeb Norfolk Southern Corp stake
total: 588
Trades details
- Total transactions:
- 4
- New positions:
- 1
- Added:
- 1
- Reduced:
- 2
- Held since:
- 2025 Q3
- Held for:
- 4 quarters
- Latest activity:
- 2026 Q2
According to 2026 Q2 report, Daniel Loeb holds 600,000 Norfolk Southern Corp (NSC) shares with a market value of roughly $188.75M accounting for 4.06% of the overall portfolio. To date, the estimated cost basis is nearly $303.71 for "buy" trades and estimated average "sell" price is $287.75. Third Point first purchased NSC in 2025 Q3, initially acquiring about 1.65M shares. Since the initial investment in Norfolk Southern Corp (NSC), Third Point has made 3 more transactions.
When did Daniel Loeb buy Norfolk Southern Corp (NSC)?
Daniel Loeb first invested in Norfolk Southern Corp (NSC) in 2025 Q3 at the reported quarter-end price of $300.41 per share.
What's the cost basis of Third Point's NSC stake?
The estimated cost basis for Norfolk Southern Corp (NSC) stake is around $303.71 per share. This represents their average reported price* across all buy transactions
Estimated cost basis*
- Weighted AVG buy price:
- $303.71
- Weighted AVG sell price:
- $287.75
Daniel Loeb's historical trades in Norfolk Southern Corp
4 results
| Period |
% of portfolio |
Shares held after* |
Reported price* |
Value* |
% (shares) of activity |
% change to portfolio |
|---|---|---|---|---|---|---|
|
2026 Q2
|
4.06%
|
600,000
|
$314.59
|
$188,754,000
|
+500.00% (+500,000)
|
+3.38%
|
|
2026 Q1
|
1.38%
|
100,000
|
$287.00
|
$28,700,000
|
-89.74% (-875,000)
|
-3.45%
|
|
2025 Q4
|
3.87%
|
975,000
|
$288.72
|
$281,502,000
|
-40.91% (-675,000)
|
-2.33%
|
|
2025 Q3
|
5.91%
|
1,650,000
|
$300.41
|
$495,676,500
|
new
|
+5.91%
|
* Shares, change to shares, sold shares, shares held after: split-adjusted.
* Reported price: this doesn't represent the actual buy or sell price. It is the split-adjusted price of the security as of the last day of the reported period.
If the security is completely sold out, we show the reported split-adjusted price prior to the actual period.
If the security is completely sold out, we show the reported split-adjusted price prior to the actual period.
* Estimated cost basis: based on "Reported price*" (not earlier than 2013 Q2). Calculation starts from the latest "new buy" activity to the latest "close out" activity (if any).
* Value or Price: If the security is completely sold out, we show the reported value (or price) prior to the actual period.
* New buy or own: this means there is no earlier reporting (for us or in general). So we can't know if the actual purchase of the security happened at the reported period or earlier.