Union Pacific Corporation
US ˙ NYSE ˙ US9078181081

SecurityUNP / Union Pacific Corporation
InstitutionCommerce Bank
Latest Disclosed Ownership514,801 shares
Latest Disclosed Value $ 124,901,018
Commerce Bank reports 8.03% increase in ownership of UNP / Union Pacific Corporation

On May 11, 2026 - Commerce Bank filed a 13F-HR form disclosing ownership of 514,801 shares of Union Pacific Corporation (US:UNP) valued at $124,901,019 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 476,530 shares of Union Pacific Corporation. This represents a change in shares of 8.03% during the quarter. The current value of the position is $135,855,984 USD.

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)
2026-05-11 2026-03-31 13F UNION PAC COM 907818108 514,801 38,271 8.03 124,901 13.31 0.6047
2026-02-13 2025-12-31 13F UNION PAC COM 907818108 476,530 -147 -0.03 110,231 -2.17 0.6087
2025-11-12 2025-09-30 13F UNION PAC COM 907818108 476,677 -2,908 -0.61 112,672 2.11 0.6269
2025-08-07 2025-06-30 13F UNION PAC COM 907818108 479,585 -5,380 -1.11 110,343 -3.69 0.6514
2025-05-08 2025-03-31 13F UNION PAC COM 907818108 484,965 1,195 0.25 114,568 3.85 0.7314
2025-02-13 2024-12-31 13F UNION PAC COM 907818108 483,770 -1,822 -0.38 110,319 -7.83 0.6801
2024-11-08 2024-09-30 13F UNION PAC COM 907818108 485,592 40 0.01 119,689 8.95 0.7334
2024-08-12 2024-06-30 13F UNION PAC COM 907818108 485,552 -3,701 -0.76 109,861 -8.69 0.7117
2024-05-03 2024-03-31 13F UNION PAC COM 907818108 489,253 2,920 0.60 120,322 0.73 0.7956
2024-02-09 2023-12-31 13F UNION PAC COM 907818108 486,333 -19,391 -3.83 119,453 16.00 0.8499
2023-11-14 2023-09-30 13F UNION PAC COM 907818108 505,724 -7,581 -1.48 102,981 -1.95 0.8110
2023-08-08 2023-06-30 13F UNION PAC COM 907818108 513,305 175 0.03 105,032 1.70 0.7858
2023-05-04 2023-03-31 13F UNION PAC COM 907818108 513,130 -3,553 -0.69 103,273 -3.47 0.8092
2023-02-10 2022-12-31 13F UNION PAC COM 907818108 516,683 -9,607 -1.83 106,990 4.35 0.8692
2022-11-04 2022-09-30 13F UNION PAC COM 907818108 526,290 -11,422 -2.12 102,532 -10.60 0.8910
2022-08-12 2022-06-30 13F UNION PAC COM 907818108 537,712 -20,981 -3.76 114,684 -24.87 0.9343
2022-05-09 2022-03-31 13F UNION PAC COM 907818108 558,693 -1,849 -0.33 152,641 8.09 1.0458
2022-02-14 2021-12-31 13F UNION PAC COM 907818108 560,542 -10,855 -1.90 141,217 26.09 0.9233
2021-11-09 2021-09-30 13F UNION PAC COM 907818108 571,397 -658 -0.12 111,999 -10.98 0.7919
2021-08-09 2021-06-30 13F UNION PAC COM 907818108 572,055 -8,282 -1.43 125,813 -1.64 0.8932
2021-05-05 2021-03-31 13F UNION PAC COM 907818108 580,337 7,708 1.35 127,912 7.28 0.9728
2021-02-09 2020-12-31 13F UNION PAC COM 907818108 572,629 -10,801 -1.85 119,232 3.81 0.9642
2020-11-06 2020-09-30 13F UNION PAC COM 907818108 583,430 -19,047 -3.16 114,859 12.76 1.0386
2020-08-07 2020-06-30 13F UNION PAC COM 907818108 602,477 10,047 1.70 101,861 21.91 0.9928
2020-05-08 2020-03-31 13F UNION PAC COM 907818108 592,430 -8,172 -1.36 83,556 -23.05 1.0116
2020-02-14 2019-12-31 13F UNION PACIFIC COM 907818108 600,602 -9,713 -1.59 108,583 9.84 1.0341
2019-11-12 2019-09-30 13F UNION PACIFIC COM 907818108 610,315 39,265 6.88 98,859 2.37 1.0143
2019-08-07 2019-06-30 13F UNION PACIFIC COM 907818108 571,050 8,901 1.58 96,570 2.74 1.0833
2019-05-08 2019-03-31 13F UNION PACIFIC COM 907818108 562,149 -1,553 -0.28 93,991 20.62 1.1133
2019-02-11 2018-12-31 13F UNION PAC COM 907818108 563,702 -5,327 -0.94 77,921 -15.90 0.9924
2018-11-02 2018-09-30 13F UNION PAC COM 907818108 569,029 1,509 0.27 92,655 15.23 1.1026
2018-08-08 2018-06-30 13F UNION PAC COM 907818108 567,520 -7,931 -1.38 80,407 3.94 1.0217
2018-05-03 2018-03-31 13F UNION PAC COM 907818108 575,451 -25,083 -4.18 77,357 -3.94 1.0209
2018-02-12 2017-12-31 13F UNION PAC COM 907818108 600,534 -7,994 -1.31 80,531 14.11 1.0483
2017-11-07 2017-09-30 13F/A-1 UNION PAC COM 907818108 608,528 5,078 0.84 70,571 7.38 0.9590
2017-11-07 2017-09-30 13F UNION PAC COM 907818108 603,450 65,721
2017-08-08 2017-06-30 13F UNION PAC COM 907818108 603,450 -43,541 -6.73 65,721 -4.10 0.9217
2017-05-05 2017-03-31 13F UNION PAC COM 907818108 646,991 4,670 0.73 68,530 2.90 0.9771
2017-02-08 2016-12-31 13F UNION PAC COM 907818108 642,321 3,187 0.50 66,596 6.84 0.9942
2016-11-03 2016-09-30 13F UNION PAC COM 907818108 639,134 -4,229 -0.66 62,335 11.05 0.9703
2016-08-09 2016-06-30 13F UNION PAC COM 907818108 643,363 -468 -0.07 56,133 9.60 0.8879
2016-04-27 2016-03-31 13F UNION PAC COM 907818108 643,831 3,251 0.51 51,217 2.24 0.8502
2016-02-12 2015-12-31 13F UNION PAC COM 907818108 640,580 -20,566 -3.11 50,093 -14.30 0.8383
2015-11-10 2015-09-30 13F UNION PAC COM 907818108 661,146 -21,395 -3.13 58,452 -10.20 1.0053
2015-08-03 2015-06-30 13F UNION PAC COM 907818108 682,541 -2,955 -0.43 65,094 -12.33 1.0193
2015-05-06 2015-03-31 13F UNION PAC COM 907818108 685,496 886 0.13 74,246 -8.97 1.1536
2015-02-11 2014-12-31 13F UNION PAC COM 907818108 684,610 1,592 0.23 81,558 10.13 1.2889
2014-11-06 2014-09-30 13F UNION PAC COM 907818108 683,018 -45,418 -6.24 74,053 1.92 1.2220
2014-08-05 2014-06-30 13F UNION PAC COM 907818108 728,436 344,697 89.83 72,661 0.90 1.1873
2014-05-09 2014-03-31 13F UNION PAC COM 907818108 383,739 -3,098 -0.80 72,012 10.81 1.2258
2014-02-14 2013-12-31 13F UNION PAC COM 907818108 386,837 -5,256 -1.34 64,988 6.70 1.1255
2013-11-05 2013-09-30 13F/A-1 UNION PAC COM 907818108 306,950 -82,076 44,887 0.8096
2013-11-05 2013-09-30 13F/A-2 UNION PAC COM 907818108 392,093 3,067 0.79 60,907 1.48 1.0986
2013-11-04 2013-09-30 13F UNION PAC COM 907818108 306,950 44,887
2013-08-07 2013-06-30 13F UNION PAC COM 907818108 389,026 54,134 16.16 60,019 25.85 1.1160
2013-08-08 2013-03-31 13F/A-1 UNION PAC COM 907818108 334,892 334,892 47,692 0.9305
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.