National Bank of Canada’s Union Pacific UNP Stock Holding History

National Bank of Canada’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	$50M	Sell	206,158 -99,381	-33%	-$24.3M	0.04%	284
2025 Q4	$70.7M	Sell	305,539 -146,916	-32%	-$33.5M	0.06%	251
2025 Q3	$107M	Sell	452,455 -46,327	-9%	-$10.4M	0.11%	164
2025 Q2	$115M	Sell	498,782 -77,715	-13%	-$17.3M	0.11%	161
2025 Q1	$136M	Buy	576,497 +127,060	+28%	+$30.6M	0.14%	149
2024 Q4	$102M	Buy	449,437 +29,928	+7%	+$7.09M	0.11%	183
2024 Q3	$103M	Buy	419,509 +135,544	+48%	+$32.9M	0.12%	165
2024 Q2	$63.8M	Buy	283,965 +32,352	+13%	+$7.58M	0.09%	188
2024 Q1	$62.2M	Sell	251,613 -390,994	-61%	-$96.2M	0.1%	192
2023 Q4	$156M	Sell	642,607 -103,048	-14%	-$22.7M	0.25%	87
2023 Q3	$151M	Buy	745,655 +78,809	+12%	+$17.2M	0.23%	101
2023 Q2	$137M	Buy	666,846 +211,611	+46%	+$42.1M	0.25%	87
2023 Q1	$91.6M	Sell	455,235 -157,513	-26%	-$31.9M	0.23%	91
2022 Q4	$127M	Buy	612,748 +448,069	+272%	+$91.9M	0.32%	65
2022 Q3	$32.3M	Buy	164,679 +43,701	+36%	+$9.67M	0.17%	120
2022 Q2	$25.9M	Buy	120,978 +15,595	+15%	+$3.55M	0.12%	195
2022 Q1	$27.6M	Buy	105,383 +37,285	+55%	+$9.41M	0.08%	227
2021 Q4	$17.2M	Buy	+68,098	New	+$16.1M	0.06%	262

Other funds holding UNP

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

VCM

Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM

Capital World Investors Los Angeles, California $733B AUM 35.63% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

JP Morgan Chase New York $1.56T AUM 27.86% 1-Year Est. Return

Capital Research Global Investors Los Angeles, California $645B AUM 30.41% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.61T AUM 30.72% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

VPM

Vanguard Portfolio Management Malvern, Pennsylvania $1.91T AUM

National Bank of Canada's UNP Position: Q1 2026 in Review

National Bank of Canada reduced its Union Pacific (UNP) stake by 33% in Q1 2026, selling an estimated $24.3M and leaving 206,158 shares worth $50M. The position accounts for 0.04% of the portfolio, ranked #284.

National Bank of Canada first reported a position in UNP in Q4 2021 and has held it in 18 quarters since. The position peaked at $156M in Q4 2023. 2,764 funds tracked by Wall St. Rank hold UNP as of Q1 2026.

National Bank of Canada held 206,158 shares of Union Pacific worth $50M as of Q1 2026.
National Bank of Canada sold 99,381 Union Pacific shares in Q1 2026, an estimated $24.3M.
Union Pacific made up 0.04% of National Bank of Canada's portfolio in Q1 2026, its #284 holding.
National Bank of Canada first reported a position in Union Pacific in Q4 2021 and has held it in 18 quarters since.
National Bank of Canada's Union Pacific position peaked at $156M in Q4 2023.
2,764 funds tracked by Wall St. Rank held Union Pacific as of Q1 2026.

Based on National Bank of Canada's 13F filing for Q1 2026, filed 15 May 2026.