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Baupost Group’s Union Pacific UNP Stock Holding History

Baupost Group’s Portfolio UNP Stock Details UNP Fund Activity
Bought
Maintained
Sold
Quarter Market Value Status Shares Change in
Stake 		Trade Value Portfolio Weight Portfolio Position
2026
Q1 		$374M Sell
1,540,995
-86,259
-5% -$21.1M 7.31% 4
2025
Q4 		$376M Buy
1,627,254
+131,050
+9% +$29.9M 7.13% 5
2025
Q3 		$354M Buy
+1,496,204
New +$337M 7.38% 6
2023
Q3 		– Sell
-175,000
Closed -$35.8M – 34
2023
Q2 		$35.8M Buy
+175,000
New +$34.8M 0.64% 21

Other funds holding UNP

BlackRock
BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return
VCM
Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM
Capital World Investors
Capital World Investors Los Angeles, California $733B AUM 35.63% 1-Year Est. Return
State Street
State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return
JP Morgan Chase
JP Morgan Chase New York $1.56T AUM 27.86% 1-Year Est. Return
Capital Research Global Investors
Capital Research Global Investors Los Angeles, California $645B AUM 30.41% 1-Year Est. Return
Geode Capital Management
Geode Capital Management Boston, Massachusetts $1.61T AUM 30.72% 1-Year Est. Return
Morgan Stanley
Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return
Bank of America
Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return
VPM
Vanguard Portfolio Management Malvern, Pennsylvania $1.91T AUM

Baupost Group's UNP Position: Q1 2026 in Review

Baupost Group reduced its Union Pacific (UNP) stake by 5.3% in Q1 2026, selling an estimated $21.1M and leaving 1,540,995 shares worth $374M. The position accounts for 7.31% of the portfolio, ranked #4.

Baupost Group first reported a position in UNP in Q2 2023 and has held it in 4 quarters since. The position peaked at $376M in Q4 2025. 2,764 funds tracked by Wall St. Rank hold UNP as of Q1 2026.

  • Baupost Group held 1,540,995 shares of Union Pacific worth $374M as of Q1 2026.
  • Baupost Group sold 86,259 Union Pacific shares in Q1 2026, an estimated $21.1M.
  • Union Pacific made up 7.31% of Baupost Group's portfolio in Q1 2026, its #4 holding.
  • Baupost Group first reported a position in Union Pacific in Q2 2023 and has held it in 4 quarters since.
  • Baupost Group's Union Pacific position peaked at $376M in Q4 2025.
  • 2,764 funds tracked by Wall St. Rank held Union Pacific as of Q1 2026.

Based on Baupost Group's 13F filing for Q1 2026, filed 14 May 2026.