News Summary
PositiveUnion Pacific delivered a record Q2 2026 earnings beat (+6.9% EPS, +3.8% revenue) with raised full-year guidance, 2% volume growth, and strong operational execution, while announcing a 3% dividend increase extending a 127-year streak. The high-profile Norfolk Southern merger remains on track with STB regulatory progress and enhanced customer-protection commitments submitted in late July, supported by bullish analyst consensus (Buy rating, $321 price target).
Funds Buying (3)
| Fund | Manager | Shares Held | ∆ Shares | Position Value | % of Fund | QoQ | Status |
|---|---|---|---|---|---|---|---|
| Viking Global | Andreas Halvorsen | 2.0M | +2.0M | $557M | 1.6% | — | NEW |
| Point72 | Steve Cohen | 931K | +931K | $253M | 0.4% | — | NEW |
| Third Point | Dan Loeb | 350K | +250K | $95M | 2.0% | +250% | Existing |
Shares Held and Position Value reflect total quarter-end holdings. ∆ Shares is the change from the prior quarter. % of Fund is the position's share of the fund's reported equity portfolio — it drives the size weighting in the conviction score.
Portfolio Context
Where UNP ranks in each buying fund's book, and the positions immediately around it. What a holding sits next to often says more about the thesis than the position size does.
position #20 of this fund's book
- 17MASTEC INC$121M
- 18TRANSDIGM GROUP INC$105M
- 19DANAHER CORP DEL$103M
- 20UNION PAC CORP$95M
- 21TTM TECHNOLOGIES INC$94M
- 22PERFORMANCE FOOD GROUP CO$75M
- 23ALPHABET INC$66M
position #24 of this fund's book
- 21ADAPTIVE BIOTECHNOLOGIES COR$643M
- 22WATERS CORP$623M
- 23JOHNSON CONTROLS INTERNATION$614M
- 24UNION PAC CORP$557M
- 25MICROSOFT CORP$544M
- 26SEA LTD$543M
- 27CAMDEN PPTY TR$517M
Values are quarter-end position sizes. Shown only for funds where UNP ranks inside their 40 largest equity positions — below that, neighbouring names carry no signal. Adjacency is an inference about a fund's reasoning, not a disclosure of it.
Beneficial Ownership (13D/13G)
| Filer | Form | Shares | % of Class | Filed | Src |
|---|---|---|---|---|---|
| Vanguard Capital Management | SC 13G | 44.8M | 7.5% | 2026-04-30 | ↗ |
SC 13D = active intent to influence control (10-day filing deadline after crossing 5%). SC 13G = passive accumulation, no intent to influence control.
Congressional Trading
| Member | Chamber | State | Type | Amount Range | Transaction Date | Filed | Src |
|---|---|---|---|---|---|---|---|
| Alan Armstrong | senate | — | BUY | $15,001 - $50,000 | 2026-03-27 | 2026-07-21 | ↗ |
Periodic Transaction Reports filed under the STOCK Act. Amounts are disclosed as ranges, not exact dollar figures.