Union Pacific Corporation: which funds bought and sold

Institutions that bought and sold Union Pacific shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 1,402 institutions that filed 13F reports for both quarters added to or opened positions in Union Pacific, and 1,078 cut or closed them. Together they added a net 4.8M shares, +0.9% on what they held at the start of the quarter. Active managers and hedge funds on our list were net buyers of 3.3M shares (+3.1%); index fund managers were net buyers of 1.6M shares (+1.0%). 201 opened a new position and 95 sold out entirely.

Bought, Q2 2026 1,402 institutions, 201 of them new holders Sold, Q2 2026 1,078 institutions, 95 of them sold out

Net change, all compared +4.8M shares (+0.9%)

Net change, active managers +3.3M shares (+3.1%), 51 bought, 70 sold

Buyers versus sellers

institutions compared, 2,927

1,402 bought 447 1,078 sold

Active managers and hedge funds 51 bought · 70 sold · +3.3M

Index fund managers 8 bought · 4 sold · +1.6M

Other institutions 1,343 bought · 1,004 sold · −146K

Biggest buyers

by change in shares held

Biggest buyers
Institution	Change in shares	Shares June 30, 2026	Value
Viking Global Investors LP Hedge fund	+2.0M New position	2.0M	$557M
Slate Path Capital LP Hedge fund	+1.6M +214.2%	2.3M	$626M
State Street Corp Index funds	+1.3M +4.9%	27.9M	$7.6B
UBS Group AG	+894K +15.6%	6.6M	$1.8B
DZ Bank AG Deutsche Zentral Genossenschafts Bank, Frankfurt Am Main	+783K +15.8%	5.7M	$1.6B
Amundi	+779K +34.8%	3.0M	$821M
Envestnet Asset Management Inc	+662K +34.5%	2.6M	$703M
Point72 Asset Management, L.P. Hedge fund	+655K +237.2%	931K	$253M
First Trust Advisors LP	+642K +109.2%	1.2M	$334M
Eurizon Capital Sgr S.P.A.	+551K +409.2%	686K	$187M
Pointstate Capital LP Hedge fund	+504K New position	504K	$137M
Barclays PLC	+415K +40.2%	1.4M	$394M
Lord, Abbett & Co. LLC	+384K +282.2%	520K	$141M
Nordea Investment Management AB	+369K +235.1%	526K	$142M
American Century Companies Inc Active manager	+366K +31.1%	1.5M	$420M
Schroder Investment Management Group Active manager	+363K +117.8%	671K	$183M
Victory Capital Management Inc Active manager	+310K +57.9%	847K	$230M
Wells Fargo & Company	+301K +8.8%	3.7M	$1B
FMR LLC Active manager	+298K +15.5%	2.2M	$605M
Goldman Sachs Group Inc	+283K +8.1%	3.8M	$1B

Biggest buyers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Viking Global Investors LP Hedge fund	+2.0M New position	2.0M	$557M
Slate Path Capital LP Hedge fund	+1.6M +214.2%	2.3M	$626M
Point72 Asset Management, L.P. Hedge fund	+655K +237.2%	931K	$253M
Pointstate Capital LP Hedge fund	+504K New position	504K	$137M
American Century Companies Inc Active manager	+366K +31.1%	1.5M	$420M
Schroder Investment Management Group Active manager	+363K +117.8%	671K	$183M
Victory Capital Management Inc Active manager	+310K +57.9%	847K	$230M
FMR LLC Active manager	+298K +15.5%	2.2M	$605M
Neuberger Berman Group LLC Active manager	+275K +15.3%	2.1M	$562M
Los Angeles Capital Management LLC Active manager	+250K +4466.6%	256K	$69.6M

Biggest sellers

by change in shares held

Biggest sellers
Institution	Change in shares	Shares June 30, 2026	Value
Canada Pension Plan Investment Board	−2.1M −33.9%	4.0M	$1.1B
Jpmorgan Chase & Co	−2.0M −11.2%	15.7M	$4.3B
Atlas Infrastructure Partners (UK) Ltd.	−1.0M Sold out	0	—
Invesco Ltd.	−892K −12.3%	6.4M	$1.7B
Edgepoint Investment Group Inc. Active manager	−876K −40.4%	1.3M	$352M
Massachusetts Financial Services Co Active manager	−757K −10.8%	6.3M	$1.7B
Harvard Management Co Inc	−634K Sold out	0	—
Artisan Partners Limited Partnership Active manager	−575K −91.7%	52K	$14.2M
CIBC Bancorp Usa Inc.	−540K −29.7%	1.3M	$348M
Ameriprise Financial Inc	−538K −10.4%	4.6M	$1.3B
Omers Administration Corp	−432K −60.2%	285K	$77.6M
Diamond Hill Capital Management, LLC (Investment Advisor) Active manager	−360K −34.8%	674K	$183M
Baupost Group LLC Hedge fund	−356K −23.1%	1.2M	$322M
Pinebridge Investments LLC	−319K −34.2%	615K	$167M
Morgan Stanley	−306K −2.1%	14.6M	$4B
Impax Asset Management Group PLC	−293K −39.1%	455K	$124M
Nuveen, LLC	−284K −6.2%	4.3M	$1.2B
California Public Employees Retirement System	−279K −20.8%	1.1M	$290M
River Road Asset Management, LLC Active manager	−266K −54.7%	220K	$59.9M
Caisse De Depot Et Placement Du Quebec	−249K −79.9%	63K	$17.1M

Biggest sellers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Edgepoint Investment Group Inc. Active manager	−876K −40.4%	1.3M	$352M
Massachusetts Financial Services Co Active manager	−757K −10.8%	6.3M	$1.7B
Artisan Partners Limited Partnership Active manager	−575K −91.7%	52K	$14.2M
Diamond Hill Capital Management, LLC (Investment Advisor) Active manager	−360K −34.8%	674K	$183M
Baupost Group LLC Hedge fund	−356K −23.1%	1.2M	$322M
River Road Asset Management, LLC Active manager	−266K −54.7%	220K	$59.9M
Alliancebernstein L.P. Active manager	−218K −11.2%	1.7M	$418M
Jain Global LLC Hedge fund	−174K −91.6%	16K	$4.4M
Franklin Resources Inc Active manager	−159K −2.6%	5.9M	$1.6B
Corvex Management LP Hedge fund	−158K −32.6%	326K	$88.8M

New positions

largest by value

Institution	Shares	Value June 30, 2026
Viking Global Investors LPHedge fund	2.0M	$557M
Pointstate Capital LPHedge fund	504K	$137M
Yaupon Capital Management LPHedge fund	108K	$29.4M
Arvin Capital Management LP	98K	$26.8M
Alyeska Investment Group, L.P.Hedge fund	60K	$16.2M
Capital Innovations LLC	47K	$12.9M
Diversify Advisory Services, LLC	42K	$12.6M
Polar Asset Management Partners Inc.	45K	$12.1M
Caspian Capital LP	42K	$11.4M
Bw Gestao De Investimentos Ltda.	39K	$10.6M

Sold out

largest by value

Institution	Shares	Value March 31, 2026
Atlas Infrastructure Partners (UK) Ltd.	1.0M	$246M
Harvard Management Co Inc	634K	$154M
Verition Fund Management LLCHedge fund	85K	$20.6M
Epoch Investment Partners, Inc.	66K	$16M
Simplex Trading, LLC	54K	$13.1M
Y-Intercept (Hong Kong) Ltd	48K	$11.6M
Dupont Capital Management Corp	46K	$11.2M
Tudor Investment Corp Et AlHedge fund	36K	$8.7M
Stenham Asset Management Ltd	31K	$7.6M
Running Oak Capital LLC	28K	$6.7M

Who holds the shares

13F holdings at June 30, 2026

Institutions reporting: 2,874
Ten largest holders: 44.2%
Index fund managers: 30.2%
Active managers and hedge funds: 21.1%

Buying and selling by type of institution, March 31, 2026 to June 30, 2026
Type	Bought	Sold	New	Sold out	Net change in shares	Net %
Active managers and hedge funds	51	70	9	5	+3.3M	+3.1%
Index fund managers	8	4	0	0	+1.6M	+1.0%
Other institutions	1,343	1,004	192	90	−146K	−0.1%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

What these filings can and cannot tell you

Form 13F lists the long positions in US-listed shares held by investment managers with more than $100 million in such holdings. Managers file it up to 45 days after each quarter ends, so this page shows what funds held at the end of each quarter, not what they are doing now: a position may have changed since. Short positions, most derivatives and smaller managers are not included, and a cut can mean a fund lost clients or rebalanced rather than a view on Union Pacific.

Only managers that filed a holdings report for both quarters are compared (2,927 here). 90 other holders are left out: first-time or late filers, firms that changed their SEC registration, and filings that withheld positions under confidential treatment, any of which would otherwise look like a new position or a sale. Figures are as reported by each manager in the SEC's quarterly 13F data sets; option positions are excluded.

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