Union Pacific Corporation
US ˙ NYSE ˙ US9078181081

SecurityUNP / Union Pacific Corporation
InstitutionFranklin Resources Inc
Latest Disclosed Ownership6,059,505 shares
Latest Disclosed Value $ 1,470,157,188
Franklin Resources Inc reports 15.82% decrease in ownership of UNP / Union Pacific Corporation

On May 13, 2026 - Franklin Resources Inc filed a 13F-HR form disclosing ownership of 6,059,505 shares of Union Pacific Corporation (US:UNP) valued at $1,470,157,103 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 11, 2026 disclosing 7,198,449 shares of Union Pacific Corporation. This represents a change in shares of -15.82% during the quarter. The current value of the position is $1,588,378,046 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)
2026-05-13 2026-03-31 13F UNION PAC COM 907818108 6,059,505 -1,138,944 -15.82 1,470,157 -11.71 0.3601
2026-02-11 2025-12-31 13F UNION PAC COM 907818108 7,198,449 34,115 0.48 1,665,145 -1.67 0.4085
2025-11-13 2025-09-30 13F UNION PAC COM 907818108 7,164,334 1,139,926 18.92 1,693,434 22.17 0.4223
2025-08-12 2025-06-30 13F UNION PAC COM 907818108 6,024,408 -499,337 -7.65 1,386,096 -10.06 0.3675
2025-05-13 2025-03-31 13F UNION PAC COM 907818108 6,523,745 -1,162,642 -15.13 1,541,170 -12.07 0.4434
2025-02-12 2024-12-31 13F UNION PAC COM 907818108 7,686,387 363,937 4.97 1,752,804 -2.40 0.4867
2024-11-27 2024-09-30 13F/A-1 UNION PAC COM 907818108 7,322,450 625,492 9.34 1,795,993 18.53 0.5044
2024-11-12 2024-09-30 13F UNION PAC COM 907818108 7,327,044 630,086 1,797,104 0.0866
2024-08-14 2024-06-30 13F UNION PAC COM 907818108 6,696,958 340,601 5.36 1,515,254 -3.07 0.4658
2024-05-13 2024-03-31 13F UNION PAC COM 907818108 6,356,357 852,176 15.48 1,563,219 15.63 0.4950
2024-02-09 2023-12-31 13F UNION PAC COM 907818108 5,504,181 364,029 7.08 1,351,937 29.16 0.6321
2023-11-13 2023-09-30 13F UNION PAC COM 907818108 5,140,152 -1,075,474 -17.30 1,046,689 -17.70 0.5319
2023-08-11 2023-06-30 13F UNION PAC COM 907818108 6,215,626 2,288,329 58.27 1,271,841 60.91 0.6046
2023-05-12 2023-03-31 13F UNION PAC COM 907818108 3,927,297 -896,551 -18.59 790,408 -20.87 0.3966
2023-02-10 2022-12-31 13F UNION PAC COM 907818108 4,823,848 1,480,557 44.28 998,874 53.36 0.5192
2022-11-14 2022-09-30 13F UNION PAC COM 907818108 3,343,291 -235,576 -6.58 651,339 -14.67 0.3549
2022-08-11 2022-06-30 13F UNION PAC COM 907818108 3,578,867 -220,951 -5.81 763,301 -26.47 0.3785
2022-05-13 2022-03-31 13F UNION PAC COM 907818108 3,799,818 -1,174,610 -23.61 1,038,149 -17.16 0.4149
2022-02-11 2021-12-31 13F UNION PAC COM 907818108 4,974,428 -144,546 -2.82 1,253,208 24.90 0.4520
2021-11-12 2021-09-30 13F UNION PAC COM 907818108 5,118,974 984,417 23.81 1,003,371 10.34 0.3778
2021-08-13 2021-06-30 13F UNION PAC COM 907818108 4,134,557 -1,929,326 -31.82 909,314 -31.97 0.3474
2021-05-13 2021-03-31 13F UNION PAC COM 907818108 6,063,883 -627,991 -9.38 1,336,540 -4.08 0.5438
2021-02-10 2020-12-31 13F UNION PAC COM 907818108 6,691,874 628,905 10.37 1,393,382 16.74 0.5897
2020-11-12 2020-09-30 13F UNION PAC COM 907818108 6,062,969 412,942 7.31 1,193,616 17.77 0.5780
2020-08-13 2020-06-30 13F UNION PAC COM 907818108 5,650,027 -825,901 -12.75 1,013,503 10.96 0.5221
2020-05-13 2020-03-31 13F UNION PAC COM 907818108 6,475,928 3,478,627 116.06 913,360 68.55 0.6097
2020-03-11 2019-12-31 13F/A-1 UNION PACIFIC COM 907818108 2,997,301 89,739 3.09 541,878 15.69 0.2847
2020-02-12 2019-12-31 13F UNION PACIFIC COM 907818108 2,997,301 89,739 541,878 68,446.6102
2019-11-14 2019-09-30 13F UNION PACIFIC COM 907818108 2,907,562 34,136 1.19 468,371 -3.61 0.2544
2019-08-14 2019-06-30 13F UNION PACIFIC COM 907818108 2,873,426 -25,739 -0.89 485,926 0.24 0.2585
2019-05-15 2019-03-31 13F/A-1 UNION PACIFIC COM 907818108 2,899,165 14,823 0.51 484,740 21.61 0.2596
2019-05-14 2019-03-31 13F UNION PACIFIC COM 907818108 2,899,165 14,823 484,740
2019-02-12 2018-12-31 13F UNION PAC COM 907818108 2,884,342 -10,602 -0.37 398,598 -15.44 0.2406
2018-11-13 2018-09-30 13F UNION PAC COM 907818108 2,894,944 -5,530 -0.19 471,383 14.71 0.2347
2018-08-14 2018-06-30 13F UNION PAC COM 907818108 2,900,474 -228,099 -7.29 410,939 -2.29 0.2108
2018-05-10 2018-03-31 13F UNION PAC COM 907818108 3,128,573 -4,847,122 -60.77 420,562 -60.68 0.2132
2018-02-14 2017-12-31 13F UNION PAC COM 907818108 7,975,695 510,037 6.83 1,069,540 23.53 0.5133
2017-11-13 2017-09-30 13F UNION PAC COM 907818108 7,465,658 -110,493 -1.46 865,791 4.93 0.4244
2017-08-10 2017-06-30 13F UNION PAC COM 907818108 7,576,151 -1,499,148 -16.52 825,119 -14.16 0.4114
2017-05-12 2017-03-31 13F UNION PAC COM 907818108 9,075,299 -3,175,804 -25.92 961,256 -24.32 0.4879
2017-02-14 2016-12-31 13F UNION PAC COM 907818108 12,251,103 279,775 2.34 1,270,194 8.79 0.6576
2016-11-14 2016-09-30 13F UNION PAC COM 907818108 11,971,328 2,001,798 20.08 1,167,563 34.23 0.6105
2016-08-11 2016-06-30 13F UNION PAC COM 907818108 9,969,530 -72,267 -0.72 869,841 8.89 0.4679
2016-05-10 2016-03-31 13F UNION PAC COM 907818108 10,041,797 1,459,600 17.01 798,825 19.03 0.4240
2016-04-27 2015-12-31 13F/A-1 UNION PAC COM 907818108 8,582,197 144,930 1.72 671,128 -10.03 0.3398
2016-02-12 2015-12-31 13F UNION PAC COM 907818108 8,582,197 671,128
2015-11-10 2015-09-30 13F UNION PAC COM 907818108 8,437,267 6,195,228 276.32 745,939 248.86 0.3684
2015-08-12 2015-06-30 13F UNION PAC COM 907818108 2,242,039 97,666 4.55 213,824 -7.94 0.0971
2015-05-14 2015-03-31 13F UNION PAC COM 907818108 2,144,373 -225,768 -9.53 232,256 -17.74 0.1053
2015-02-10 2014-12-31 13F UNION PAC COM 907818108 2,370,141 -56,499 -2.33 282,355 7.32 0.1281
2014-11-12 2014-09-30 13F UNION PAC COM 907818108 2,426,640 -98,432 -3.90 263,096 4.45 0.1200
2014-08-12 2014-06-30 13F UNION PAC COM 907818108 2,525,072 1,230,115 94.99 251,876 3.65 0.1110
2014-05-13 2014-03-31 13F UNION PAC COM 907818108 1,294,957 11,757 0.92 243,011 12.73 0.1148
2014-02-12 2013-12-31 13F UNION PAC COM 907818108 1,283,200 -66,145 -4.90 215,577 2.85 0.1054
2013-11-14 2013-09-30 13F UNION PAC COM 907818108 1,349,345 -75,941 -5.33 209,607 -4.68 0.1116
2013-08-09 2013-06-30 13F UNION PAC COM 907818108 1,425,286 1,425,286 219,893 0.1255
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.