Union Pacific
UNP
2,668 hedge funds and large institutions have $110B invested in Union Pacific in 2025 Q2 according to their latest regulatory filings, with 167 funds opening new positions, 926 increasing their positions, 1,179 reducing their positions, and 162 closing their positions.
58% more call options, than puts
Call options by funds: $1.41B | Put options by funds: $895M
3% more first-time investments, than exits
New positions opened: 167 | Existing positions closed: 162
0.99% less ownership
Funds ownership: 81.3% → 80.31% (-0.99%)
4% less capital invested
Capital invested by funds: $115B → $110B (-$4.44B)
1% less funds holding
Funds holding: 2,701 → 2,668 (-33)
10% less funds holding in top 10
Funds holding in top 10: 42 → 38 (-4)
21% less repeat investments, than reductions
Existing positions increased: 926 | 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 |
UNP Hedge Fund Activity: Q2 2025 in Review
2,668 of the 7,614 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: 167 funds opened new UNP positions and 162 closed out — a net gain of 5 holders — while 926 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.
- 2,668 institutional investors held Union Pacific (UNP) as of Q2 2025, down from 2,701 in Q1 2025.
- Funds reported $110B of Union Pacific stock for Q2 2025, down 3.9% quarter-over-quarter.
- 167 funds opened new Union Pacific positions in Q2 2025 and 162 closed out, a net change of +5 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.