UNION PAC CORP (UNP)
Institutional ownership reported to the SEC as of Q2 2026, across 32 quarters.
Institutions report 530,078,916 shares against 594,075,498 outstanding. Shares only - option lines are excluded, which is why this can be compared with the company at all. The count comes from the cover page of the company's own most recent report, so it is dated when that was filed rather than at quarter end. A figure this high can overstate: where an adviser and a sub-adviser both report the same shares, both are counted.
Calls and puts are the parts of reported value carried in derivative lines rather than shares, and they point in opposite directions: a manager holding calls is positioned for the security, one holding puts against it - or hedging shares they already own, which is why index funds carry so many. Most sites add the two together and report one figure, which averages away the only interesting part.
Holders
| Filer | Value | Shares | Their book | Held | Change |
|---|---|---|---|---|---|
| BlackRock, Inc. | $13.0B | 47,894,147 | 0.19% | 8q | HELD |
| VANGUARD CAPITAL MANAGEMENT LLC | $10.5B | 38,772,919 | 0.23% | 2q | +0.6%+$59.0M |
| STATE STREET CORP | $7.6B | 27,890,598 | 0.22% | 31q | +4.9%+$354.3M |
| Capital World Investors | $7.4B | 27,141,622 | 0.87% | 31q | HELD |
| Capital Research Global Investors | $4.7B | 17,112,417 | 0.65% | 31q | +1.2%+$56.0M |
| GEODE CAPITAL MANAGEMENT, LLC | $4.4B | 16,122,702 | 0.23% | 31q | +1.6%+$70.7M |
| JPMORGAN CHASE & CO | $4.3B incl. $60.0M options CALL+PUT | 15,674,651 | 0.24% | 31q | -11.2%-$544.2M |
| MORGAN STANLEY | $4.0B | 14,579,220 | 0.21% | 35q | -2.1%-$83.1M |
| BANK OF AMERICA CORP /DE/ | $4.0B | 14,527,563 | 0.25% | 31q | HELD |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $3.9B | 14,282,006 | 0.18% | 2q | -1.1%-$44.3M |
| NORGES BANK | $2.1B | 7,553,360 | 0.20% | 32q | -1.8%-$38.4M |
| UBS Group AG | $1.8B incl. $26.7M options CALL+PUT | 6,641,035 | 0.23% | 31q | +15.6%+$246.7M |
| Fisher Asset Management, LLC | $1.8B | 6,578,759 | 0.53% | 31q | +1.1%+$20.3M |
| NORTHERN TRUST CORP | $1.8B | 6,531,872 | 0.21% | 31q | -2.2%-$39.4M |
| Invesco Ltd. | $1.7B | 6,384,935 | 0.14% | 31q | -12.3%-$242.7M |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | $1.7B | 6,272,629 | 0.55% | 31q | -10.8%-$209.5M |
| FRANKLIN RESOURCES INC | $1.6B | 5,900,349 | 0.35% | 31q | -2.6%-$43.3M |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | $1.6B | 5,738,003 | 1.20% | 32q | +15.8%+$212.9M |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $1.4B | 5,064,015 | 0.25% | 31q | -2.3%-$32.5M |
| AMERIPRISE FINANCIAL INC | $1.3B | 4,633,815 | 0.25% | 31q | -10.4%-$146.3M |
| RAYMOND JAMES FINANCIAL INC | $1.2B incl. $990.0K options PUT | 4,567,784 | 0.34% | 7q | +3.9%+$46.1M |
| ROYAL BANK OF CANADA | $1.2B | 4,462,776 | 0.18% | 31q | -3.3%-$42.0M |
| Legal & General Group Plc | $1.2B | 4,386,525 | 0.25% | 31q | +2.0%+$23.8M |
| Nuveen, LLC | $1.2B | 4,329,943 | 0.28% | 6q | -6.2%-$77.4M |
| CANADA PENSION PLAN INVESTMENT BOARD | $1.1B | 4,024,549 | 0.61% | 31q | -33.9%-$560.3M |
| GOLDMAN SACHS GROUP INC | $1.1B incl. $51.1M options CALL+PUT | 3,773,366 | 0.09% | 31q | +8.1%+$80.9M |
| WELLS FARGO & COMPANY/MN | $1.1B incl. $59.8M options PUT | 3,723,463 | 0.17% | 31q | +8.8%+$86.8M |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $1.1B | 3,924,504 | 0.14% | 31q | +1.0%+$10.9M |
| DEUTSCHE BANK AG\ | $1.1B | 3,921,166 | 0.31% | 34q | -3.3%-$36.3M |
| HARRIS ASSOCIATES L P | $1.0B | 3,844,522 | 1.39% | 4q | +1.6%+$16.9M |
| Bank of New York Mellon Corp | $1.0B | 3,815,288 | 0.17% | 31q | +5.7%+$55.7M |
| DIMENSIONAL FUND ADVISORS LP | $1.0B | 3,738,413 | 0.18% | 31q | +1.3%+$13.5M |
| VANGUARD FIDUCIARY TRUST CO | $908.1M | 3,338,662 | 0.20% | 2q | HELD |
| Capital International Investors | $865.3M | 3,181,018 | 0.18% | 31q | -2.0%-$17.5M |
| Amundi | $821.4M | 3,019,845 | 0.20% | 21q | +34.8%+$211.8M |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO | $820.9M | 3,018,016 | 0.56% | 31q | HELD |
| Clearbridge Investments, LLC | $817.2M | 3,004,295 | 0.68% | 31q | -2.3%-$19.1M |
| PRICE T ROWE ASSOCIATES INC /MD/ | $804.8M | 2,958,826 | 0.08% | 31q | -3.6%-$30.3M |
| CITADEL ADVISORS LLC | $728.0M incl. $583.1M options CALL+PUT | 532,393 | 0.08% | 31q | +46.7%+$231.9M |
| ENVESTNET ASSET MANAGEMENT INC | $702.8M | 2,583,702 | 0.17% | 31q | +34.5%+$180.2M |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $641.3M | 2,357,775 | 0.28% | 20q | -3.5%-$23.6M |
| Slate Path Capital LP | $626.3M | 2,302,604 | 8.67% | 4q | +214.2%+$427.0M |
| FMR LLC | $605.3M | 2,225,248 | 0.03% | 31q | +15.5%+$81.1M |
| Baird Financial Group, Inc. | $581.6M | 2,138,390 | 0.80% | 31q | +3.0%+$16.8M |
| STIFEL FINANCIAL CORP | $573.5M | 2,108,345 | 0.48% | 31q | -2.6%-$15.3M |
| NEUBERGER BERMAN GROUP LLC | $562.2M | 2,066,771 | 0.37% | 31q | +15.3%+$74.8M |
| VIKING GLOBAL INVESTORS LP | $556.9M | 2,047,332 | 1.59% | new | NEW |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $533.6M incl. $480.2M options CALL+PUT | 196,443 | 0.04% | 31q | +93.9%+$258.4M |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $492.6M | 1,810,854 | 0.59% | 9q | +8.0%+$36.5M |
| Jupiter Topco LLC | $479.3M | 1,762,230 | 0.20% | new | FIRST |
| Swiss National Bank | $455.5M | 1,674,600 | 0.24% | 31q | -3.8%-$18.0M |
| AMERICAN CENTURY COMPANIES INC | $419.8M | 1,543,444 | 0.19% | 31q | +31.1%+$99.5M |
| ALLIANCEBERNSTEIN L.P. | $418.2M | 1,723,631 | 0.14% | 31q | -11.2%-$52.8M |
| VOYA INVESTMENT MANAGEMENT LLC | $411.7M | 1,513,438 | 0.36% | 31q | -1.9%-$8.0M |
| LPL Financial LLC | $399.5M | 1,468,840 | 0.09% | 31q | +6.2%+$23.2M |
| Mitsubishi UFJ Asset Management Co., Ltd. | $395.4M | 1,453,536 | 0.22% | 31q | +8.2%+$30.0M |
| BARCLAYS PLC | $394.3M | 1,449,658 | 0.08% | 31q | +40.2%+$113.0M |
| COHEN & STEERS, INC. | $384.7M | 1,414,296 | 0.61% | 31q | +5.3%+$19.4M |
| National Pension Service | $377.0M | 1,386,156 | 0.24% | 31q | +2.8%+$10.4M |
| Sumitomo Mitsui Trust Group, Inc. | $356.3M | 1,309,851 | 0.20% | 31q | HELD |
| EdgePoint Investment Group Inc. | $351.6M | 1,292,811 | 2.66% | 4q | -40.4%-$238.2M |
| CIBC Bancorp USA Inc. | $348.5M | 1,279,883 | 0.42% | 3q | -29.7%-$146.9M |
| Vanguard Global Advisers, LLC | $347.7M | 1,278,353 | 0.16% | 2q | -1.3%-$4.6M |
| Mitsubishi UFJ Trust & Banking Corp | $346.8M | 1,275,019 | 0.76% | 31q | +3.1%+$10.4M |
| VANGUARD ASSET MANAGEMENT, Ltd | $343.0M | 1,261,097 | 0.23% | 2q | +12.0%+$36.8M |
| TWO SIGMA INVESTMENTS, LP | $341.4M incl. $299.2K options CALL | 1,254,083 | 0.25% | 24q | +14.3%+$42.8M |
| TRUIST FINANCIAL CORP | $337.7M | 1,241,570 | 0.40% | 31q | +14.2%+$41.9M |
| FIRST TRUST ADVISORS LP | $334.4M | 1,229,428 | 0.20% | 31q | +109.2%+$174.5M |
| MACKENZIE FINANCIAL CORP | $334.3M | 1,228,953 | 0.33% | 31q | -8.7%-$31.9M |
| Aberdeen Group plc | $324.2M | 1,192,011 | 0.46% | 31q | +26.7%+$68.4M |
| PNC Financial Services Group, Inc. | $323.1M | 1,187,862 | 0.16% | 31q | -1.6%-$5.2M |
| BAUPOST GROUP LLC/MA | $322.4M | 1,185,395 | 5.95% | 4q | -23.1%-$96.7M |
| HSBC HOLDINGS PLC | $305.4M incl. $653.6K options PUT | 1,120,130 | 0.13% | 31q | -0.6%-$1.9M |
| RHUMBLINE ADVISERS | $296.7M | 1,090,804 | 0.22% | 31q | -1.6%-$5.0M |
| California Public Employees Retirement System | $289.6M | 1,064,642 | 0.16% | 31q | -20.8%-$76.0M |
| Beutel, Goodman & Co Ltd. | $286.3M | 1,052,679 | 2.11% | 6q | -1.3%-$3.6M |
| BANK OF MONTREAL /CAN/ | $285.1M | 1,048,022 | 0.09% | 31q | +12.3%+$31.3M |
| Cercano Management LLC | $279.7M | 1,028,382 | 37.30% | 15q | -2.1%-$6.1M |
| CITIGROUP INC | $278.4M | 1,023,429 | 0.09% | 31q | +35.7%+$73.3M |
| Connor, Clark & Lunn Investment Management Ltd. | $262.5M | 965,121 | 0.50% | 6q | +3.8%+$9.7M |
| Point72 Asset Management, L.P. | $258.3M incl. $5.0M options CALL+PUT | 931,024 | 0.28% | 18q | +237.2%+$181.7M |
| BNP PARIBAS FINANCIAL MARKETS | $255.5M incl. $5.3M options CALL+PUT | 919,900 | 0.09% | 31q | +7.9%+$18.6M |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $247.7M | 910,663 | 0.23% | 31q | +7.9%+$18.1M |
| Public Sector Pension Investment Board | $241.4M | 887,678 | 0.62% | 31q | HELD |
| MENORA MIVTACHIM HOLDINGS LTD. | $238.9M | 878,350 | 0.93% | 6q | +24.0%+$46.3M |
| JANE STREET GROUP, LLC | $237.9M incl. $225.9M options CALL+PUT | 44,135 | 0.02% | 31q | +38.1%+$65.7M |
| VICTORY CAPITAL MANAGEMENT INC | $230.3M | 846,559 | 0.13% | 31q | +57.9%+$84.4M |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS | $229.2M | 842,636 | 1.11% | 31q | -9.6%-$24.2M |
| JENNISON ASSOCIATES LLC | $219.9M | 808,441 | 0.13% | 31q | +16.6%+$31.3M |
| KING LUTHER CAPITAL MANAGEMENT CORP | $217.6M | 799,883 | 0.89% | 31q | -0.7%-$1.6M |
| FIFTH THIRD BANCORP | $216.0M | 794,081 | 0.35% | 31q | HELD |
| PRIMECAP MANAGEMENT CO/CA/ | $211.0M | 775,740 | 0.12% | 31q | -5.8%-$12.9M |
| Fayez Sarofim & Co | $210.2M | 772,772 | 0.49% | 31q | +5.2%+$10.3M |
| Palestra Capital Management LLC | $207.4M | 762,465 | 7.03% | 4q | +5.3%+$10.5M |
| PRINCIPAL FINANCIAL GROUP INC | $202.3M | 743,819 | 0.10% | 31q | +4.1%+$8.0M |
| FIL Ltd | $201.8M | 742,074 | 0.14% | 31q | +5.8%+$11.1M |
| DAVENPORT & Co LLC | $201.0M | 738,361 | 0.99% | 31q | -1.9%-$4.0M |
| US BANCORP \DE\ | $199.6M | 733,892 | 0.22% | 31q | HELD |
| HighTower Advisors, LLC | $192.8M | 708,990 | 0.19% | 31q | -1.0%-$1.9M |
| NATIXIS ADVISORS, LLC | $190.7M | 701,207 | 0.21% | 31q | +13.9%+$23.3M |
Showing the largest 100 of 2,920 reported holders. The count of 2,917 above leaves out 3 positions whose reported value failed our price check; they are listed here as filed.
Q2 2026 in brief
In Q2 2026, 2,917 managers that file Form 13F reported holding Union Pac Corp (UNP), $146.3B in all, or about 89% of the shares outstanding. 244 managers opened a position and 120 sold out completely, against 2,793 holders the quarter before. Largest holders: Blackrock, Inc., Vanguard Capital Management Llc and State Street Corp. Largest new positions: Viking Global Investors Lp ($556.9M), Pointstate Capital Lp ($137.1M) and Caption Management, Llc ($40.8M).
Q2 2026 is the latest quarter whose 13F deadline has passed. A 13F shows long US stock positions at quarter end, filed up to 45 days later; an adviser and a sub-adviser can both report the same shares.
What the company announced
Form 8-K filings from the last 120 days, showing only the items worth a reader's attention. Earnings releases, exhibit attachments and general disclosures are filed constantly and are left out. Filed is when the SEC received it; event is the date the company says the thing happened.
| Filed | Event date | What | Source |
|---|---|---|---|
| 2026-10-16 | 2026-10-16 | Directors or officers departed or appointed | filing |
What the insiders did
Open market purchases and sales reported on Form 4 in the last 180 days. Grants, option exercises and shares surrendered to cover tax are left out: they are compensation rather than a decision to buy or sell. Where a broker filled one order in tranches the lines are summed, because it was one decision.
Officers and directors
| Date | Insider | Role | Side | Shares | Value |
|---|---|---|---|---|---|
| 2026-06-03 | Gehringer Eric J | EVP OPERATIONS | Sold | 2,991 | $789.5K |
Quarter by quarter
Coverage begins with the quarter ending 2018-12-31. Earlier filings exist only as occasional late amendments, too sparse to describe a market, so they are not shown.
| Quarter | Holders | Value | Shares | New | Added | Trimmed | Options |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 1,172 | $6.3B | 23,187,786 | 58 | 386 | 361 | 0.0% |
| Q2 2026 | 2,917 | $146.3B | 530,078,916 | 209 | 1,059 | 878 | 1.5% |
| Q1 2026 | 2,793 | $127.2B | 517,609,772 | 171 | 978 | 925 | 1.4% |
| Q4 2025 | 2,762 | $121.9B | 517,840,877 | 134 | 855 | 948 | 1.7% |
| Q3 2025 | 2,673 | $122.7B | 507,169,005 | 163 | 865 | 955 | 2.3% |
| Q2 2025 | 2,682 | $114.3B | 486,641,000 | 134 | 804 | 1,073 | 2.0% |
| Q1 2025 | 2,713 | $117.8B | 490,245,219 | 163 | 901 | 971 | 1.9% |
| Q4 2024 | 2,709 | $114.5B | 492,501,042 | 94 | 875 | 892 | 1.9% |
| Q3 2024 | 2,625 | $123.9B | 493,134,601 | 148 | 879 | 854 | 2.0% |
| Q2 2024 | 2,580 | $114.3B | 496,934,511 | 105 | 901 | 886 | 1.6% |
| Q1 2024 | 2,632 | $128.5B | 513,517,651 | 153 | 819 | 918 | 1.8% |
| Q4 2023 | 2,597 | $130.5B | 510,181,840 | 176 | 804 | 841 | 4.2% |
| Q3 2023 | 2,411 | $105.4B | 492,076,958 | 114 | 756 | 856 | 4.5% |
| Q2 2023 | 2,426 | $102.7B | 482,879,107 | 122 | 770 | 870 | 3.4% |
| Q1 2023 | 2,385 | $103.3B | 491,923,502 | 137 | 819 | 836 | 4.0% |
| Q4 2022 | 2,430 | $104.3B | 488,372,601 | 119 | 734 | 924 | 3.1% |
| Q3 2022 | 2,303 | $322.7B | 2,096,825,996 | 92 | 790 | 746 | 0.8% |
| Q2 2022 | 2,357 | $355.8B | 2,065,917,581 | 89 | 798 | 840 | 0.9% |
| Q1 2022 | 2,488 | $433.7B | 1,962,339,607 | 183 | 842 | 811 | 1.3% |
| Q4 2021 | 2,399 | $401.0B | 2,036,482,757 | 177 | 748 | 719 | 1.0% |
| Q3 2021 | 2,167 | $345.0B | 2,123,285,988 | 101 | 830 | 640 | 0.8% |
| Q2 2021 | 2,191 | $403.6B | 2,036,750,582 | 97 | 804 | 669 | 0.8% |
| Q1 2021 | 2,186 | $469.2B | 2,333,662,105 | 134 | 820 | 659 | 0.5% |
| Q4 2020 | 2,139 | $346.3B | 1,842,868,981 | 110 | 734 | 674 | 0.8% |
| Q3 2020 | 2,009 | $422.8B | 2,433,508,333 | 135 | 651 | 725 | 0.5% |
| Q2 2020 | 1,941 | $345.0B | 2,286,820,491 | 168 | 603 | 729 | 0.5% |
| Q1 2020 | 1,859 | $312.2B | 2,412,173,433 | 88 | 571 | 800 | 0.5% |
| Q4 2019 | 1,997 | $343.5B | 2,075,102,844 | 112 | 546 | 696 | 0.6% |
| Q3 2019 | 1,831 | $333.7B | 2,170,481,160 | 69 | 573 | 719 | 0.4% |
| Q2 2019 | 1,854 | $257.2B | 1,974,031,232 | 102 | 539 | 726 | 1.0% |
| Q1 2019 | 1,849 | $353.3B | 2,157,184,925 | 159 | 554 | 717 | 1.1% |
| Q4 2018 | 1,781 | $291.9B | 2,355,378,295 | 14 | 24 | 34 | 1.0% |