Union Pacific
UNP
2,665 hedge funds and large institutions have $110B invested in Union Pacific in 2025 Q2 according to their latest regulatory filings, with 169 funds opening new positions, 922 increasing their positions, 1,179 reducing their positions, and 163 closing their positions.
58% more call options, than puts
Call options by funds: $1.41B | Put options by funds: $895M
4% more first-time investments, than exits
New positions opened: 169 | Existing positions closed: 163
0.89% less ownership
Funds ownership: 81.29% → 80.41% (-0.89%)
4% less capital invested
Capital invested by funds: $115B → $110B (-$4.44B)
1% less funds holding
Funds holding: 2,695 → 2,665 (-30)
10% less funds holding in top 10
Funds holding in top 10: 42 → 38 (-4)
22% less repeat investments, than reductions
Existing positions increased: 922 | Existing positions reduced: 1,179
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$377M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$358M |
| 3 |
Amundi
Paris,
France
|
+$279M |
| 4 |
Balyasny Asset Management
Chicago,
Illinois
|
+$271M |
| 5 |
RCWMU
Rothschild & Co Wealth Management (UK)
London,
United Kingdom
|
+$218M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$1.87B |
| 2 |
Capital Research Global Investors
Los Angeles,
California
|
-$973M |
| 3 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$195M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$156M |
| 5 |
Citigroup
New York
|
-$146M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LP
2826
LMR Partners
London,
United Kingdom
| – | -$666 | -3 | Closed |
|
2827
PEAK6
Chicago,
Illinois
| – | -$666 | -3 | Closed |
|
|
RL
2828
Rogco LP
Claremore,
Oklahoma
| – | -$709 | -3 | Closed |
|
2829
Parallax Volatility Advisers
San Francisco,
California
| – | -$222 | -1 | Closed |
|
UNP Hedge Fund Activity: Q2 2025 in Review
2,665 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Union Pacific (UNP) for Q2 2025, worth a combined $110B — down 3.9% from $115B a quarter earlier.
Buyers outnumbered sellers: 169 funds opened new UNP positions and 163 closed out — a net gain of 6 holders — while 922 added to existing stakes and 1,179 trimmed.
The largest buyer was Millennium Management, adding an estimated $377M. The largest seller was JP Morgan Chase, cutting an estimated $1.87B.
- 2,665 institutional investors held Union Pacific (UNP) as of Q2 2025, down from 2,695 in Q1 2025.
- Funds reported $110B of Union Pacific stock for Q2 2025, down 3.9% quarter-over-quarter.
- 169 funds opened new Union Pacific positions in Q2 2025 and 163 closed out, a net change of +6 holders.
- The largest Union Pacific buyer in Q2 2025 was Millennium Management, an estimated $377M added.
- The largest Union Pacific seller in Q2 2025 was JP Morgan Chase, an estimated $1.87B sold.
Based on aggregated 13F filings for Q2 2025.