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Ray Dalio's Norfolk Southern Corporation (NSC) position

Not anymore: Ray Dalio fully exited NSC in Q1 2024. The position peaked at $13M in Q3 2023.
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Value at exit
$405K
Shares at exit
2K
Est. average buy price (i)
$224.44
est. since Q1 2021
Quarter-end price
$236.38

Estimated trade prices

Average price in quarters with purchases
$227.40
Average prices in quarters with sales
  • Q4 2023: $209.57 (64K shares sold)
  • Q1 2023: $231.35 (2K shares sold)
  • Q4 2022: $236.57 (169 shares sold)
  • Q3 2022: $240.48 (7K shares sold)
  • Q4 2021: $279.20 (321 shares sold)

NSC price vs Dalio's position

1Y 3Y 5Y MAX
Dates
$150$200$250$300$35020222023202420252026Added 450 shares (3.1%) · Q3 2021. Average closing price $256.44 · Price range $239.24–$273.35450sharespurchasedSold 321 shares (2.1%) · Q4 2021. Average closing price $279.20 · Price range $243.54–$297.71321sharessoldAdded 3K shares (20.4%) · Q1 2022. Average closing price $275.53 · Price range $253.66–$296.813KsharespurchasedAdded 6K shares (31.5%) · Q2 2022. Average closing price $245.61 · Price range $221.47–$269.826KsharespurchasedSold 7K shares (30.5%) · Q3 2022. Average closing price $240.48 · Price range $209.65–$262.997KsharessoldSold 169 shares (1.0%) · Q4 2022. Average closing price $236.57 · Price range $204.87–$258.42169sharessoldSold 2K shares (12.8%) · Q1 2023. Average closing price $231.35 · Price range $199.42–$256.662KsharessoldAdded 28K shares (202.8%) · Q2 2023. Average closing price $212.42 · Price range $200.86–$226.7628KsharespurchasedAdded 24K shares (56.0%) · Q3 2023. Average closing price $216.16 · Price range $195.64–$237.4924KsharespurchasedSold 64K shares (97.4%) · Q4 2023. Average closing price $209.57 · Price range $184.53–$236.5364Ksharessold← Earlier —1 purchase
Average closing price · filing quarter
$209.57
Price range · filing quarter
$184.53 – $236.53
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Every quarterly change

Quarter Action Shares change Est. value change Δ Own Shares held Filing date
Q1 2024 Exited −2K −$424K −100.0% 0 May 14, 2024
Q4 2023 Reduced −64K −$13M −97.4% 2K Feb 14, 2024
Q3 2023 Added +24K +$5.1M +56.0% 66K Nov 13, 2023
Q2 2023 Added +28K +$6.0M +202.8% 42K Aug 11, 2023
Q1 2023 Reduced −2K −$471K −12.8% 14K May 12, 2023
Q4 2022 Reduced −169 −$40K −1.0% 16K Feb 13, 2023
Q3 2022 Reduced −7K −$1.7M −30.5% 16K Nov 10, 2022
Q2 2022 Added +6K +$1.4M +31.5% 23K Aug 11, 2022
Q1 2022 Added +3K +$823K +20.4% 18K May 13, 2022
Q4 2021 Reduced −321 −$90K −2.1% 15K Feb 14, 2022
Q3 2021 Added +450 +$115K +3.1% 15K Nov 12, 2021
Q2 2021 Added +9K +$2.4M +156.1% 15K Aug 13, 2021
Q1 2021 First covered – – – 6K May 14, 2021
Data through Q1 2024 · filed May 14, 2024
13 grouped rows from 13 quarters

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Common questions

Does Ray Dalio own NSC?

Not currently. Ray Dalio fully exited NSC in Q1 2024, and the complete history is above. All figures come from SEC 13F filings for Q1 2026, the latest disclosed quarter.

When did Ray Dalio buy NSC?

Ray Dalio held NSC since at least Q1 2021, when this filing coverage begins; the opening snapshot is not a disclosed purchase. All figures come from SEC 13F filings for Q1 2026, the latest disclosed quarter.

Did Ray Dalio sell NSC?

Yes. Ray Dalio reduced and then fully exited NSC by Q1 2024; the reductions are in the table above. All figures come from SEC 13F filings for Q1 2026, the latest disclosed quarter.

How many shares of NSC does Ray Dalio own?

None as of the latest filing: Ray Dalio has exited NSC. All figures come from SEC 13F filings for Q1 2026, the latest disclosed quarter.

What price did Ray Dalio pay for NSC?

Ray Dalio began building the NSC position before our 13F history starts, so an exact average buy price cannot be estimated without understating it. All figures come from SEC 13F filings for Q1 2026, the latest disclosed quarter.

How are the estimated trade prices calculated?

13F filings disclose quarter-end holdings, not trade dates or execution prices. These estimates use each covered quarter's average market price; the add average excludes the opening position and quarters without price data. All figures come from SEC 13F filings for Q1 2026, the latest disclosed quarter.