Ranked by reported Q2 2026 13F market value
Share of total reported institutional value in UNP held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 47.9M | $13.03B | +0.2% | 8.062% | 0.19% |
| 2 | VANGUARD CAPITAL MANAGEMENT LLC | 38.8M | $10.55B | +0.6% | 6.527% | 0.23% |
| 3 | STATE STREET CORP | 27.9M | $7.59B | +4.9% | 4.695% | 0.11% |
| 4 | Capital World Investors | 27.1M | $7.38B | +0.3% | 4.569% | 0.87% |
| 5 | Capital Research Global Investors | 17.1M | $4.65B | +1.2% | 2.881% | 0.65% |
| 6 | GEODE CAPITAL MANAGEMENT, LLC | 16.1M | $4.38B | +1.6% | 2.714% | 0.23% |
| 7 | JPMORGAN CHASE & CO | 15.7M | $4.27B | -11.2% | 2.639% | 0.24% |
| 8 | MORGAN STANLEY | 14.6M | $3.97B | -2.1% | 2.454% | 0.21% |
| 9 | BANK OF AMERICA CORP /DE/ | 14.5M | $3.95B | +0.4% | 2.445% | 0.25% |
| 10 | VANGUARD PORTFOLIO MANAGEMENT LLC | 14.3M | $3.88B | -1.1% | 2.404% | 0.18% |
| 11 | NORGES BANK | 7.6M | $2.05B | — | 1.271% | 0.20% |
| 12 | UBS Group AG | 6.7M | $1.83B | +9.6% | 1.134% | 0.23% |
| 13 | Fisher Asset Management, LLC | 6.6M | $1.79B | +1.1% | 1.107% | 0.53% |
| 14 | NORTHERN TRUST CORP | 6.5M | $1.78B | -2.2% | 1.099% | 0.21% |
| 15 | Invesco Ltd. | 6.4M | $1.74B | -12.3% | 1.075% | 0.14% |
| 16 | MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | 6.3M | $1.74B | -10.8% | 1.056% | 0.55% |
| 17 | FRANKLIN RESOURCES INC | 5.9M | $1.60B | -2.6% | 0.993% | 0.35% |
| 18 | DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt | 5.7M | $1.56B | +15.8% | 0.966% | 1.20% |
| 19 | UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AME | 5.1M | $1.38B | -2.3% | 0.852% | 0.25% |
| 20 | AMERIPRISE FINANCIAL INC | 4.6M | $1.26B | -10.4% | 0.780% | 0.25% |
| 21 | RAYMOND JAMES FINANCIAL INC | 4.6M | $1.24B | +4.0% | 0.770% | 0.34% |
| 22 | ROYAL BANK OF CANADA | 4.5M | $1.21B | -3.4% | 0.751% | 0.18% |
| 23 | Legal & General Group Plc | 4.4M | $1.19B | +2.0% | 0.738% | 0.25% |
| 24 | Nuveen, LLC | 4.3M | $1.18B | -6.2% | 0.729% | 0.28% |
| 25 | CANADA PENSION PLAN INVESTMENT BOARD | 4.0M | $1.09B | -33.9% | 0.677% | 0.61% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in UNP — a direct measure of their conviction.
Filings activity in UNP during Q2 2026, grouped by how each filer changed its position.
8 quarters of 13F filings · Δ columns show change vs prior quarter
| Quarter | Inst. Holders | Δ Holders | Ownership % | Δ Ownership | Total 13F Value | Δ Value |
|---|---|---|---|---|---|---|
| Q2 2026 | 2,903 | +5.3% | 90.14% | +1.93 pp | $141.76B | 4.8% |
| Q1 2026 | 2,758 | +2.5% | 88.21% | +0.50 pp | $148.94B | +27% |
| Q4 2025 | 2,691 | +3.3% | 87.71% | +2.53 pp | $116.84B | +0.8% |
| Q3 2025 | 2,606 | 0.4% | 85.18% | +3.55 pp | $115.89B | +8.6% |
| Q2 2025 | 2,616 | 0.1% | 81.63% | +0.12 pp | $106.75B | 2.2% |
| Q1 2025 | 2,619 | +0.7% | 81.51% | 0.21 pp | $109.13B | +2.5% |
| Q4 2024 | 2,602 | +2.8% | 81.72% | 64.57 pp | $106.51B | 6.7% |
| Q3 2024 | 2,532 | — | 146.29% | — | $114.11B | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying UNP stock.
Based on Q2 2026 13F filings, institutional ownership of Union Pacific Corporation stands at 90.1%, held across 2,903 reporting institutions.
BlackRock, Inc. is the largest reported institutional holder of UNP, with approximately 47,894,147 shares worth $13.03B as of Q2 2026.
Yes — 1 widely-followed marquee investor appear among the top 25 institutional holders of UNP, including Fisher Asset Management, LLC.
Our composite Smart Money Score for UNP is 73 out of 100 (Bullish). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
200 institutions opened new positions in UNP during Q2 2026, while 92 fully exited. 2,344 added to existing positions and 259 trimmed.
UNP institutional ownership rose by 1.93 percentage points quarter-over-quarter, with a net change of +145 holders.
The top 10 institutions account for 44.9% of all reported 13F value in UNP, and the top 25 account for 60.9%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
Union Pacific Corporation (UNP) Institutional Ownership