Union Pacific Corporation
CH ˙ SWX ˙ US9078181081
SecurityCH:UNP / Union Pacific Corporation
InstitutionBelpointe Asset Management LLC
Latest Disclosed Ownership17,495 shares
Latest Disclosed Value $ 4,244,638
Belpointe Asset Management LLC reports 104.29% increase in ownership of UNP / Union Pacific Corporation

On April 28, 2026 - Belpointe Asset Management LLC filed a 13F-HR form disclosing ownership of 17,495 shares of Union Pacific Corporation (CH:UNP) valued at $4,244,638 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 27, 2026 disclosing 8,564 shares of Union Pacific Corporation. This represents a change in shares of 104.29% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-04-28 2026-03-31 13F UNION PAC COM 907818108 17,495 8,931 104.29 4,245 114.24 0.1549
2026-01-27 2025-12-31 13F UNION PAC COM 907818108 8,564 -1,772 -17.14 1,981 -18.91 0.0716
2025-11-03 2025-09-30 13F UNION PAC COM 907818108 10,336 1,374 15.33 2,443 18.48 0.0933
2025-07-22 2025-06-30 13F UNION PAC COM 907818108 8,962 2,609 41.07 2,062 37.47 0.0859
2025-05-20 2025-03-31 13F UNION PAC COM 907818108 6,353 -1,497 -19.07 1,501 -25.37 0.0781
2025-02-13 2024-12-31 13F UNION PAC COM 907818108 7,850 -99 -1.25 2,010 2.60 0.1211
2024-11-13 2024-09-30 13F UNION PAC COM 907818108 7,949 74 0.94 1,959 9.99 0.1175
2024-08-02 2024-06-30 13F UNION PAC COM 907818108 7,875 71 0.91 1,782 -7.19 0.1243
2024-05-08 2024-03-31 13F UNION PAC COM 907818108 7,804 -228 -2.84 1,919 -2.74 0.1437
2024-02-13 2023-12-31 13F UNION PAC COM 907818108 8,032 1,171 17.07 1,973 41.23 0.1733
2023-11-15 2023-09-30 13F UNION PAC COM 907818108 6,861 -624 -8.34 1,397 -8.75 0.1447
2023-08-15 2023-06-30 13F UNION PAC COM 907818108 7,485 -3,705 -33.11 1,532 -32.02 0.1620
2023-05-15 2023-03-31 13F UNION PAC COM 907818108 11,190 -93 -0.82 2,252 -3.60 0.1216
2023-02-08 2022-12-31 13F UNION PAC COM 907818108 11,283 -455 -3.88 2,336 2.14 0.1412
2022-11-14 2022-09-30 13F UNION PAC COM 907818108 11,738 231 2.01 2,287 -6.84 0.1546
2022-08-02 2022-06-30 13F UNION PAC COM 907818108 11,507 -438 -3.67 2,455 -24.79 0.1646
2022-04-28 2022-03-31 13F UNION PAC COM 907818108 11,945 6,355 113.69 3,264 131.82 0.1978
2022-02-15 2021-12-31 13F UNION PAC COM 907818108 5,590 -4,456 -44.36 1,408 -28.49 0.0878
2021-11-15 2021-09-30 13F UNION PAC COM 907818108 10,046 775 8.36 1,969 -3.39 0.1342
2021-08-09 2021-06-30 13F UNION PAC COM 907818108 9,271 1,420 18.09 2,038 17.80 0.1467
2021-05-14 2021-03-31 13F UNION PAC COM 907818108 7,851 -288 -3.54 1,730 2.13 0.1481
2021-02-16 2020-12-31 13F UNION PAC COM 907818108 8,139 79 0.98 1,694 6.74 0.1520
2020-11-13 2020-09-30 13F/A-1 UNION PAC COM 907818108 8,060 201 2.56 1,587 19.41 0.1766
2020-11-13 2020-09-30 13F UNION PAC COM 907818108 7,921 1,117
2020-07-20 2020-06-30 13F UNION PAC COM 907818108 7,859 -62 -0.78 1,329 18.98 0.1721
2020-07-20 2020-03-31 13F UNION PAC COM 907818108 7,921 -244 -2.99 1,117 -24.27 0.1956
2020-02-18 2019-12-31 13F UNION PACIFIC COM 907818108 8,165 1,839 29.07 1,475 43.90 0.1872
2020-01-16 2019-09-30 13F UNION PACIFIC COM 907818108 6,326 119 1.92 1,025 -2.38 0.1658
2019-11-22 2019-06-30 13F UNION PACIFIC COM 907818108 6,207 -1,915 -23.58 1,050 -22.62 0.2065
2019-06-11 2019-03-31 13F UNION PACIFIC COM 907818108 8,122 2,145 35.89 1,357 64.29 0.2650
2019-03-06 2018-12-31 13F UNION PAC COM 907818108 5,977 -1,171 -16.38 826 -29.04 0.2093
2018-11-23 2018-09-30 13F UNION PAC COM 907818108 7,148 -5,260 -42.39 1,164 -33.79 0.1841
2018-08-06 2018-06-30 13F UNION PAC COM 907818108 12,408 6,555 111.99 1,758 123.38 0.4911
2018-08-06 2018-03-31 13F UNION PAC COM 907818108 5,853 -687 -10.50 787 -10.26 0.2294
2018-02-14 2017-12-31 13F UNION PAC COM 907818108 6,540 -744 -10.21 877 3.79 0.1921
2017-11-16 2017-09-30 13F UNION PAC COM 907818108 7,284 7,284 845 0.1977
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.