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What smart money is saying about Union Pacific CorpUnited States flag

UNP · Industrials · Railroads · Market cap $138.53B

5 funds in our archive have pitched Union Pacific Corp — most recently The Davenport Funds in March 2026.

Company profile

Union Pacific Corporation, a prominent American railway enterprise, conducts its primary operations through its subsidiary, Union Pacific Railroad Company. The company provides extensive freight transportation services for a wide array of commodities. Its diverse cargo includes agricultural products like grain, fertilizers, and refrigerated foods; energy resources such as coal, renewables, petroleum, and liquid petroleum gases; and industrial materials encompassing construction products, chemicals, plastics, forest products, metals, ores, soda ash, and sand. Union Pacific also facilitates the movement of finished automobiles, automotive parts, and general merchandise in intermodal containers, serving a varied clientele that spans agricultural processors, energy producers, and industrial manufacturers. As of December 31, 2021, the company's vast rail network stretched 32,452 route miles, strategically connecting major ports along the Pacific and Gulf Coasts with crucial gateways throughout the Midwestern and Eastern United States. Established in 1862, Union Pacific Corporation is headquartered in Omaha, Nebraska.

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Summarize with Warren AI
3
Reported positions
2
Bought
0
Sold
8
Letters

Position history

Between Q3 2025 and Q2 2026, 3 fund letters reported a position in Union Pacific Corp2 opened or added to the position.

Fund letters reporting a position in Union Pacific Corp, by quarter
QuarterLettersBoughtSoldTheses
Q2 20261000
Q1 20262201
Q4 20250003
Q3 20250001

Fund activity · 3 positions · 2 moves

  • HoldsArtisan Partners Value Equity Strategy
    June 2026

    Listed in Artisan Partners Value Equity Strategy’s reported holdings.

    Read the letterUnion Pacific Corp
  • New positionBA Beutel Goodman U.S. Value Fund
    March 2026
    We added several new positions during the quarter: Union Pacific, Sysco, Wells Fargo, Beckton Dickinson and Marsh & McLennan.
    Read the letterUnion Pacific Corp
  • New positionBA Beutel Goodman World Value Fund
    March 2026
    During the quarter, we initiated positions in Union Pacific, Brookfield Asset Management, Sysco and Becton Dickinson.
    Read the letterUnion Pacific Corp

Fund coverage · 5 theses

  • The Davenport Funds
    March 2026

    Union Pacific is a major rail operator with upside from a potential Norfolk Southern deal and visible long-term growth if the merger closes.

    Read the full thesis
  • Artisan Value Income Strategy
    December 2025

    Union Pacific is a scale railroad with pricing power and PSR-driven efficiency, delivering strong ROIC and FCF while trading below historical multiples amid cyclical headwinds.

    Read the full thesis
  • PM Capital
    December 2025

    Union Pacific is a dominant rail operator with an irreplicable network and potential upside from a proposed transcontinental merger with Norfolk Southern.

    Read the full thesis
  • Schafer Cullen Enhanced Equity Income
    December 2025

    Union Pacific is a premier western U.S. railroad with network advantages, operational improvement, and potential merger synergies that support earnings growth and income.

    Read the full thesis
  • Oakmark Fund
    September 2025

    Union Pacific is a highly profitable railroad with a strong long-term outlook, currently undervalued due to recent underperformance and merger uncertainty, presenting an attractive investment opportunity.

    Read the full thesis

Read every full thesis on Union Pacific Corp

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