L3VLUP
Quarter end
31 Mar 2025
the date the book describes
Filed
5 Nov 2026
latest of these filings; the earliest 2 May 2025
Managers listing it
28
at least, of 95 tracked, among listed positions
Comparable managers
95
filed both Q4 2024 and Q1 2025; 21 listed it in both
Shares listed
52,706,173
combined, among listed positions
Reported value
$12.4bn
combined, at the quarter end

Among the 95 comparable managers: 12 buyers (opened or added shares) and 16 sellers (trimmed or exited), at least, among listed positions. Their net change in shares is not known from listed positions, because at least one of them lists it in only one of the two quarters.

Managers listing UNP in Q1 2025

Share of 13F value is the position’s reported value over everything the manager reported that quarter. The share change is against Q4 2024, and only where both filings list the position. A rise in value with no rise in shares is the price, not buying.

28 of 28 holders

ActionFiling
Capital Research Global Investors8,852,220$2.1bn0.45%Trimmed-1,543,14412 May 2025 (the filing on sec.gov)
MFS Investment Management8,359,614$2.0bn0.66%Trimmed-289,4152 May 2025 (the filing on sec.gov)
T. Rowe Price Associates Inc6,949,345$1.6bn0.20%Added+354,46314 May 2025 (the filing on sec.gov)
Invesco Ltd5,681,907$1.3bn0.25%Trimmed-757,95412 May 2025 (the filing on sec.gov)
Wellington Management Group LLP5,435,643$1.3bn0.25%Trimmed-353,04513 May 2025 (the filing on sec.gov)
Fidelity (FMR LLC)4,347,821$1.0bn0.07%Trimmed-568,4545 Nov 2026 (the filing on sec.gov)
Capital World Investors3,558,771$841m0.14%Trimmed-260,35312 May 2025 (the filing on sec.gov)
Arrowstreet Capital LP2,373,631$561m0.46%Trimmed-73,23014 May 2025 (the filing on sec.gov)
Neuberger Berman Group LLC2,146,374$507m0.42%Trimmed-384,02227 Oct 2026 (the filing on sec.gov)
AllianceBernstein LP1,422,762$336m0.12%Added+372,43515 May 2025 (the filing on sec.gov)
Janus Henderson Group Ltd1,187,744$276m0.15%Added+1,046,34615 May 2025 (the filing on sec.gov)
Renaissance Technologies LLC717,900$170m0.26%Addedn.a.14 May 2025 (the filing on sec.gov)
Voloridge Investment Management LLC338,707$80m0.30%Trimmed-12,94315 May 2025 (the filing on sec.gov)
Dodge & Cox275,962$65munder 0.1%Trimmed-2,25714 May 2025 (the filing on sec.gov)
Marshall Wace LLP259,987$61m0.08%Trimmed-24,28315 May 2025 (the filing on sec.gov)
AQR Capital Management LLC189,976$44munder 0.1%Added+4,09015 May 2025 (the filing on sec.gov)
Verition Fund Management LLC136,413$32m0.15%Trimmed-42,67615 May 2025 (the filing on sec.gov)
Freestone Grove Partners LP110,772$26m0.27%Trimmed-47,92315 May 2025 (the filing on sec.gov)
Markel Group Inc85,778$20m0.18%Held02 May 2025 (the filing on sec.gov)
Walleye Capital LLC76,262$18m0.08%Addedn.a.14 May 2025 (the filing on sec.gov)
Tudor Investment Corp71,101$17m0.06%Addedn.a.15 May 2025 (the filing on sec.gov)
Brevan Howard Capital Management LP34,244$8.1m0.08%Added+18,81515 May 2025 (the filing on sec.gov)
Woodline Partners LP28,008$6.6munder 0.1%Trimmed-52,34115 May 2025 (the filing on sec.gov)
Eisler Capital Management Ltd19,150$4.5munder 0.1%Trimmed-10,87614 May 2025 (the filing on sec.gov)
Bridgewater Associates LP18,676$4.4munder 0.1%Addedn.a.14 May 2025 (the filing on sec.gov)
Page 1 of 2

Largest increases and reductions, by shares

Q4 2024 to Q1 2025, among managers that listed it in both quarters or opened it.

Increases

Reductions

New positions and exits

At least these many: a manager is shown exiting only where its own filing shows the position gone.

Ownership over time

Every quarter on file. A quarter-end value moves with the price as well as with the shares held; buyers and sellers count comparable managers, by shares.
29 in Q3 2024 to 27 in Q2 2026

Tracked managers listing it, at least.

02040602014201620182020202220242026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
UNP by quarter
QuarterHoldersReported valueBuyersSellers
Q2 201323$14.8bnn.a.n.a.
Q3 201326$13.7bnn.a.n.a.
Q4 201324$14.6bnn.a.n.a.
Q1 201423$16.4bnn.a.n.a.
Q2 201429$15.6bnn.a.n.a.
Q3 201428$16.1bnn.a.n.a.
Q4 201425$16.4bnn.a.n.a.
Q1 201529$13.8bnn.a.n.a.
Q2 201531$12.9bnn.a.n.a.
Q3 201522$12.2bnn.a.n.a.
Q4 201528$11.6bnn.a.n.a.
Q1 201623$11.9bnn.a.n.a.
Q2 201627$13.4bnn.a.n.a.
Q3 201629$14.7bnn.a.n.a.
Q4 201629$14.5bnn.a.n.a.
Q1 201728$14.2bnn.a.n.a.
Q2 201736$14.3bnn.a.n.a.
Q3 201730$14.6bnn.a.n.a.
Q4 201731$15.7bnn.a.n.a.
Q1 201831$16.7bnn.a.n.a.
Q2 201831$17.3bnn.a.n.a.
Q3 201832$20.1bnn.a.n.a.
Q4 201835$15.3bnn.a.n.a.
Q1 201934$19.1bnn.a.n.a.
Q2 201941$19.8bnn.a.n.a.
Q3 201942$18.4bnn.a.n.a.
Q4 201936$20.7bnn.a.n.a.
Q1 202036$14.7bnn.a.n.a.
Q2 202040$16.7bnn.a.n.a.
Q3 202036$19.0bnn.a.n.a.
Q4 202035$19.1bnn.a.n.a.
Q1 202134$18.0bnn.a.n.a.
Q2 202129$17.3bnn.a.n.a.
Q3 202135$14.6bnn.a.n.a.
Q4 202129$18.4bnn.a.n.a.
Q1 202235$18.1bnn.a.n.a.
Q2 202233$14.7bnn.a.n.a.
Q3 202240$12.8bnn.a.n.a.
Q4 202235$11.9bnn.a.n.a.
Q1 202332$11.5bnn.a.n.a.
Q2 202333$12.4bnn.a.n.a.
Q3 202334$13.4bnn.a.n.a.
Q4 202330$15.7bn1815
Q1 202434$14.9bn1717
Q2 202432$14.0bn1914
Q3 202429$14.8bn1316
Q4 202430$13.4bn1514
Q1 202528$12.4bn1216
Q2 202537$13.0bn2612
Q3 202544$16.2bn2916
Q4 202536$17.1bn1830
Q1 202627$19.2bn2126
Q2 202627$22.1bn2025

Compare with…

Holders over time, buyers and sellers, and the managers holding both, side by side for up to four stocks.

UNP and KLAC →UNP and GE →UNP and LRCX →Choose a stock to compare with UNP →

How much of the picture this is

A 13F is a manager’s long US-listed equity book at a quarter end, filed up to 45 days later. It shows no shorts, cash, bonds or performance, and it is never today’s portfolio. Large books are listed to their largest positions, so a manager missing from this table may still hold a small position below that line. These are 95 tracked managers, not the institutional market.

Which funds own UNP, latest filings →Back to the 13F Explorer →