Union Pacific Corporation
CH ˙ SWX ˙ US9078181081
SecurityCH:UNP / Union Pacific Corporation
InstitutionChange Path, LLC
Latest Disclosed Ownership17,669 shares
Latest Disclosed Value $ 4,286,894
Change Path, LLC reports 3.49% decrease in ownership of UNP / Union Pacific Corporation

On May 15, 2026 - Change Path, LLC filed a 13F-HR form disclosing ownership of 17,669 shares of Union Pacific Corporation (CH:UNP) valued at $4,286,894 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 18,308 shares of Union Pacific Corporation. This represents a change in shares of -3.49% 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)
2026-05-15 2026-03-31 13F UNION PAC COM 907818108 17,669 -639 -3.49 4,287 1.20 0.0913
2026-02-13 2025-12-31 13F UNION PAC COM 907818108 18,308 818 4.68 4,235 2.44 0.1027
2025-11-13 2025-09-30 13F UNION PAC COM 907818108 17,490 279 1.62 4,134 4.42 0.1009
2025-08-12 2025-06-30 13F UNION PAC COM 907818108 17,211 113 0.66 3,960 -1.98 0.1037
2025-05-14 2025-03-31 13F UNION PAC COM 907818108 17,098 268 1.59 4,039 5.24 0.1208
2025-02-13 2024-12-31 13F UNION PAC COM 907818108 16,830 1,023 6.47 3,838 -1.49 0.1176
2024-11-13 2024-09-30 13F UNION PAC COM 907818108 15,807 1,008 6.81 3,896 129,766.67 0.1325
2024-08-14 2024-06-30 13F UNION PAC COM 907818108 14,799 -1,197 -7.48 3 0.00 0.1696
2024-05-14 2024-03-31 13F UNION PAC COM 907818108 15,996 1,098 7.37 4 0.00 0.1568
2024-02-09 2023-12-31 13F UNION PAC COM 907818108 14,898 -162 -1.08 4 0.00 0.2343
2023-10-17 2023-09-30 13F UNION PAC COM 907818108 15,060 -1,432 -8.68 3 0.00 0.2207
2023-08-16 2023-06-30 13F/A-1 UNION PAC COM 907818108 16,492 1,825 12.44 3 50.00 0.1573
2023-08-14 2023-06-30 13F UNION PAC COM 907818108 9,393 -5,274 2 0.1048
2023-05-15 2023-03-31 13F UNION PAC COM 907818108 14,667 3,112 26.93 3 -99.92 0.1457
2023-02-15 2022-12-31 13F UNION PAC COM 907818108 11,555 520 4.71 2,393 11.30 0.1318
2022-11-15 2022-09-30 13F UNION PAC COM 907818108 11,035 -1,106 -9.11 2,150 -16.96 0.1292
2022-08-12 2022-06-30 13F UNION PAC COM 907818108 12,141 2,342 23.90 2,589 -3.29 0.1402
2022-05-13 2022-03-31 13F UNION PAC COM 907818108 9,799 2,321 31.04 2,677 42.09 0.1387
2022-02-15 2021-12-31 13F UNION PAC COM 907818108 7,478 -495 -6.21 1,884 20.54 0.0930
2021-11-16 2021-09-30 13F UNION PAC COM 907818108 7,973 182 2.34 1,563 -8.76 0.0918
2021-08-13 2021-06-30 13F UNION PAC COM 907818108 7,791 1,925 32.82 1,713 32.48 0.1058
2021-05-17 2021-03-31 13F UNION PAC COM 907818108 5,866 2,014 52.28 1,293 61.22 0.0979
2021-02-12 2020-12-31 13F UNION PAC COM 907818108 3,852 253 7.03 802 13.28 0.0664
2020-11-13 2020-09-30 13F UNION PAC COM 907818108 3,599 223 6.61 708 23.99 0.0983
2020-08-13 2020-06-30 13F UNION PAC COM 907818108 3,376 8 0.24 571 20.21 0.0887
2020-05-14 2020-03-31 13F UNION PAC COM 907818108 3,368 36 1.08 475 -21.23 0.0907
2020-02-13 2019-12-31 13F UNION PACIFIC COM 907818108 3,332 21 0.63 603 12.29 0.1018
2019-11-12 2019-09-30 13F UNION PACIFIC COM 907818108 3,311 0 0.00 537 -4.11 0.1036
2019-08-15 2019-06-30 13F UNION PACIFIC COM 907818108 3,311 41 1.25 560 2.38 0.1177
2019-05-15 2019-03-31 13F UNION PACIFIC COM 907818108 3,270 0 0.00 547 21.02 0.1429
2019-02-14 2018-12-31 13F UNION PAC COM 907818108 3,270 103 3.25 452 -12.40 0.1521
2018-11-14 2018-09-30 13F UNION PAC COM 907818108 3,167 64 2.06 516 17.54 0.1907
2018-08-14 2018-06-30 13F UNION PAC COM 907818108 3,103 1 0.03 439 5.28 0.1889
2018-05-14 2018-03-31 13F UNION PAC COM 907818108 3,102 3,102 417 0.2072
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.