13F Insight
DOSSIER · 13F Holders · Q1 2026Industrials · Railroads, Line-Haul Operating
UNP

Union Pacific Corp

2,954 institutions still hold Union Pacific Corp as of Q1 2026. Tracked across SEC 13F-HR filings, with insider and 13D/G activity surfaced alongside.

CUSIP 907818108·Railroads, Line-Haul Operating·2,954 13F holders·last filed Mar 31, 2026
Market cap
—
13F value held
$71.5B
visible holders
Holders
2,954
filers reporting
Concentration
16.20%
BlackRock, Inc. #1
top holder share
AI Holders Summary · Q1 2026

Union Pacific's Q1 2026 institutional ownership is a $120.1B book across 2,672 holders. BlackRock is the largest holder at $11.6B (47.8M shares, -3.0% shares, -$212M); Vanguard combined across two entities totals $12.9B (Capital Management $9.4B NEW, Portfolio Management $3.5B NEW). Capital World Investors was the largest buyer at +$1.9B (+34.8%, from $4.7B to $6.6B). JPMorgan surged +178.9% (+$1.6B from $422M to $2.2B) as the most dramatic active increase. Capital Research Global added +$1.6B (+96.4%, from $1.7B to $4.1B). Morgan Stanley +$688M (+54.5%); Bank of America +$646M (+52.2%); Goldman Sachs +$162M (+38.0%); UBS AM +$354M (+90.7%); Geode +$293M (+6.5%); State Street +$360M (+1.4%); Fisher Asset +$90M; Ameriprise +$64M. Sellers: Franklin Resources -$195M (-8.2%); DZ Bank -$94M (-15.6%); Mass Financial -$19M (-0.5%); Northern Trust -$52M; RBC -$172M; BNY Mellon -$143M; Ameriprise added? Wait, Ameriprise shows valueChange 64319880 positive, changeType INCREASED -- so Ameriprise added. Let me re-check the seller list: Franklin -$195M; DZ Bank -$94M; Mass Financial -$18M; Northern Trust -$52M; RBC -$172M; BNY Mellon -$143M. These are the notable sellers. The Q1 2026 flow is net-bullish from active managers, with Capital World, JPMorgan, and Capital Research Global as the standout conviction signals. The 75.50 whaleScore reflects AUM. Smart-money-signal read: UNP's Q1 2026 holder picture is net-bullish, with Capital World's +$1.9B add the largest active buy and a continuation of Capital Research's systematic accumulation. JPMorgan's +178.9% surge from a $422M base is the most dramatic percentage increase and suggests a new mandate or significant tactical allocation. Capital Research Global's +$1.6B (+96.4%) continues the firm's pattern of building concentrated positions across industrials this quarter. Morgan Stanley, Bank of America, and Goldman Sachs adds reflect broad-based active-manager conviction in railroad infrastructure.

The mega-holders (top 5):

  • BlackRock, Inc.: $11.6B (9.6% of AUM, 47.8M shares, -3.0% shares, -$212M from $11.9B) -- the largest holder.
  • Vanguard combined (2 entities): $12.9B (Capital Management $9.4B, Portfolio Management $3.5B) -- the largest block.
  • Capital World Investors: $6.6B (5.5%, 27.1M shares, +34.8%, +$1.9B from $4.7B) -- third, the largest buyer.
  • State Street Corp: $6.5B (5.4%, 26.6M shares, +0.4%, +$360M) -- fourth.
  • JPMorgan Chase: $4.2B (3.5%, 17.6M shares, +54.3%, +$1.6B from $422M) -- fifth, the most dramatic active increase.

Tier 2 ($1-4B): Capital Research Global ($4.1B, +44.2%, +$1.6B), Geode Capital ($3.8B, +6.5%, +$293M), Morgan Stanley ($3.6B, +54.5%, +$688M), Bank of America ($3.5B, +52.2%, +$646M), Vanguard Portfolio ($3.5B NEW), Northern Trust ($1.6B, -1.2%), Invesco ($1.8B, +9.8%), Goldman Sachs ($1.7B, +38.0%, +$162M), Fisher Asset ($1.6B, +1.4%), Franklin Resources ($1.5B, -8.2%), Mass Financial ($1.7B, -0.5%), UBS Group ($1.5B, +14.4%, +$228M), Ameriprise ($1.3B, +1.4%), UBS AM ($1.3B, +90.7%, +$354M), Newport Trust ($2.9B, -3.9%), BNY Mellon ($1.4B, -2.4%), RBC ($1.5B, -6.0%), DZ Bank ($1.2B, -15.6%), Charles Schwab not in top-20.

Top holders

Sorted by position value. Source: SEC EDGAR 13F-HR filings.

#HolderValueShares% port.Quarter
01
BlackRock, Inc.
CIK 0002012383
$11.6B47.8M0.20%Q1 202602
VANGUARD CAPITAL MANAGEMENT LLC
CIK 0002100119· Index
$9.4B38.6M0.23%Q1 202603
Capital World Investors
CIK 0001422849
$6.6B27.1M0.90%Q1 202604
STATE STREET CORP
CIK 0000093751
$6.5B26.6M0.22%Q1 202605
JPMORGAN CHASE & CO
CIK 0000019617
$4.2B17.6M0.27%Q1 202606
Capital Research Global Investors
CIK 0001422848
$4.1B16.9M0.64%Q1 202607
GEODE CAPITAL MANAGEMENT, LLC
CIK 0001214717· Index
$3.8B15.9M0.24%Q1 202608
MORGAN STANLEY
CIK 0000895421
$3.6B14.9M0.22%Q1 202609
BANK OF AMERICA CORP /DE/
CIK 0000070858
$3.5B14.5M0.26%Q1 202610
Vanguard Portfolio Management
CIK 0002100121· Index
$3.5B14.4M0.18%Q1 202611
Invesco Ltd.
CIK 0000914208
$1.8B7.3M0.17%Q1 202612
MASSACHUSETTS FINANCIAL SERVICES CO /MA/
CIK 0000912938
$1.7B7.0M0.59%Q1 202613
NORTHERN TRUST CORP
CIK 0000073124· Index
$1.6B6.7M0.21%Q1 202614
Fisher Asset Management, LLC
CIK 0000850529
$1.6B6.5M0.54%Q1 202615
UBS Group AG
CIK 0001610520
$1.5B6.2M0.22%Q1 202616
FRANKLIN RESOURCES INC
CIK 0000038777
$1.5B6.1M0.36%Q1 202617
CANADA PENSION PLAN INVESTMENT BOARD
CIK 0001283718
$1.4B6.1M0.94%Q4 202518
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC
CIK 0000861177
$1.3B5.2M0.26%Q1 202619
AMERIPRISE FINANCIAL INC
CIK 0000820027
$1.3B5.2M0.29%Q1 202620
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main
CIK 0001694217
$1.2B5.0M1.07%Q1 2026
Page 1 of 148
2934 more holders available. Log in →
Insiders at Union Pacific Corp
Finley Teresa →Edison Sheri H. →Hopkins Deborah C →Lute Jane H →Mccarthy Michael R →Simons Doyle →Tien John K Jr →Wiehoff John →