UNPNYSERailroads, Line-Haul OperatingFiscal year ends December 31
UNION PACIFIC CORP
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Oct 22, 2026
$287.01−2.03 (-0.70%)
Close on Oct 19, 2026
- Market cap
- $170.48B
- P/E (TTM)
- 23.2
- Dividend yield
- 1.90%
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
89.2%
530M of 594M shares
Institutional holders
2,878
239 new, 96 sold out
Net institutional buying
14M
In Q2 2026
Insider trades, 12 months
0 buys · 5 sales
Net sold $9.25M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Vanguard Capital Management | 44,823,799 | 7.55% | 13G (passive) | Mar 31, 2026 |
| BlackRock, Inc. | 42,030,360 | 6.90% | 13G (passive) amendment | Dec 31, 2023 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of UNP | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 47,894,147 | 8.06% | $13.03B | +115,607 | 0.19% |
| Vanguard Capital Management LLC | 38,772,919 | 6.53% | $10.55B | +217,015 | 0.23% |
| State Street Corp | 27,890,598 | 4.69% | $7.59B | +1,302,732 | 0.23% |
| Capital World Investors | 27,141,622 | 4.57% | $7.38B | +69,388 | 0.87% |
| Capital Research Global Investors | 17,112,417 | 2.88% | $4.65B | +206,008 | 0.65% |
| Geode Capital Management, LLC | 16,122,702 | 2.71% | $4.38B | +260,095 | 0.23% |
| JPMorgan Chase & Co | 15,674,651 | 2.64% | $4.27B | −1,968,045 | 0.24% |
| Morgan Stanley | 14,579,220 | 2.45% | $3.97B | −305,662 | 0.21% |
| Bank Of America Corp /De/ | 14,527,563 | 2.45% | $3.95B | +64,492 | 0.25% |
| Vanguard Portfolio Management LLC | 14,282,006 | 2.40% | $3.88B | −162,755 | 0.18% |
| Norges Bank | 7,553,360 | 1.27% | $2.05B | New | 0.20% |
| UBS Group AG | 6,641,035 | 1.12% | $1.81B | +893,740 | 0.23% |
| Fisher Asset Management, LLC | 6,578,759 | 1.11% | $1.79B | +74,694 | 0.53% |
| Northern Trust Corp | 6,531,872 | 1.10% | $1.78B | −144,720 | 0.21% |
| Invesco Ltd. | 6,384,935 | 1.07% | $1.74B | −892,425 | 0.14% |
| Massachusetts Financial Services Co /Ma/ | 6,272,629 | 1.06% | $1.74B | −757,303 | 0.55% |
| Franklin Resources Inc | 5,900,349 | 0.99% | $1.60B | −159,156 | 0.35% |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | 5,738,003 | 0.97% | $1.56B | +782,608 | 1.20% |
| UBS Asset Management Americas Inc | 5,064,015 | 0.85% | $1.38B | −119,482 | 0.25% |
| Ameriprise Financial Inc | 4,633,815 | 0.78% | $1.26B | −537,829 | 0.25% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 2,878 | 530M | 89.2% | 239 / 1206 | 985 / 96 | 36M | 22M |
| Q1 2026 | 2,779 | 518M | 87.3% | 210 / 1112 | 1012 / 136 | 102M | 39M |
| Q4 2025 | 2,743 | 518M | 87.2% | 290 / 998 | 1060 / 136 | 53M | 40M |
| Q3 2025 | 2,655 | 507M | 85.4% | 185 / 976 | 1052 / 156 | 76M | 54M |
| Q2 2025 | 2,669 | 487M | 82.0% | 169 / 924 | 1181 / 163 | 34M | 35M |
| Q1 2025 | 2,700 | 490M | 82.5% | 186 / 1020 | 1073 / 142 | 30M | 27M |
| Q4 2024 | 2,698 | 492M | 82.8% | 299 / 996 | 995 / 170 | 35M | 32M |
| Q3 2024 | 2,613 | 493M | 83.0% | 178 / 1019 | 984 / 97 | 64M | 23M |
| Q2 2024 | 2,567 | 496M | 83.5% | 142 / 1025 | 990 / 155 | 25M | 40M |
| Q1 2024 | 2,616 | 514M | 86.5% | 196 / 943 | 1039 / 124 | 33M | 29M |
| Q4 2023 | 2,578 | 510M | 85.9% | 339 / 939 | 932 / 119 | 45M | 22M |
| Q3 2023 | 2,399 | 489M | 82.3% | 142 / 884 | 976 / 128 | 38M | 31M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of UNP | Value | % of fund | As of |
|---|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | 18,847,724 | 3.17% | $5.13B | 0.22% | Jun 30, 2026 |
| Vanguard 500 Index Fund | 15,384,227 | 2.59% | $4.18B | 0.25% | Jun 30, 2026 |
| American Balanced Fund | 9,924,865 | 1.67% | $2.70B | 0.94% | Jun 30, 2026 |
| iShares Core S&P 500 ETF | 8,166,577 | 1.37% | $2.22B | 0.25% | Jun 30, 2026 |
| Fidelity 500 Index Fund | 7,593,640 | 1.28% | $1.99B | 0.24% | May 31, 2026 |
| Vanguard Value Index Fund | 5,650,814 | 0.95% | $1.54B | 0.60% | Jun 30, 2026 |
| Washington Mutual Investors Fund | 5,561,931 | 0.94% | $1.62B | 0.75% | Jul 31, 2026 |
| American Mutual Fund | 4,960,056 | 0.83% | $1.45B | 1.23% | Jul 31, 2026 |
| Income Fund of America | 4,179,923 | 0.70% | $1.22B | 0.82% | Jul 31, 2026 |
| Capital World Growth & Income Fund | 4,006,302 | 0.67% | $1.05B | 0.66% | May 31, 2026 |
| American Funds Fundamental Investors | 3,920,506 | 0.66% | $1.07B | 0.59% | Jun 30, 2026 |
| MFS Value Fund | 3,536,201 | 0.60% | $928.75M | 1.82% | May 31, 2026 |
| State Street(R) Industrial Select Sector SPDR(R) ETF | 3,499,266 | 0.59% | $951.80M | 2.80% | Jun 30, 2026 |
| Vanguard Dividend Appreciation Index Fund | 3,359,190 | 0.57% | $981.32M | 0.75% | Jul 31, 2026 |
| Vanguard Institutional Index Fund | 3,223,117 | 0.54% | $876.69M | 0.25% | Jun 30, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Vincenzo J. Vena | CHIEF EXECUTIVE OFFICER, Director | 223,901 | 0.04% | Apr 13, 2026 |
| Carrie J. Powers | VP & CONTROLLER | 9,115 | 0.00% | Sep 11, 2026 |
| Kenyatta G. Rocker | EVP MARKETING & SALES | 64,414 | 0.01% | Sep 11, 2026 |
| Jennifer L. Hamann | EVP & CHIEF FINANCIAL OFFICER | 120,398 | 0.02% | Sep 11, 2026 |
| Christina B. Conlin | EVP CHIEF LEGAL OFFICER & CORP | 16,014 | 0.00% | Sep 11, 2026 |
| Rahul Jalali | EVP & CHIEF INFORMATION OFFICE | 33,136 | 0.01% | Sep 11, 2026 |
| Eric J. Gehringer | EVP OPERATIONS | 56,088 | 0.01% | Jun 11, 2026 |
| Elizabeth F. Whited | PRESIDENT | 109,466 | 0.02% | Apr 29, 2025 |
| Todd M. Rynaski | CHIEF ACCTG RISK & COMP OFFICE | 31,342 | 0.01% | Apr 11, 2025 |
| Craig V. Richardson | EVP CHIEF LEGAL OFFICER & CORP | 28,079 | 0.00% | Mar 11, 2025 |
| Teresa Finley | Director | 1,380 | 0.00% | Jul 2, 2026 |
| Jane H. Lute | Director | 4,000 | 0.00% | Jul 2, 2026 |
| Deborah C. Hopkins | Director | 4,000 | 0.00% | Jul 2, 2026 |
| Doyle Simons | Director | – | – | Jul 2, 2026 |
| John Wiehoff | Director | 1,057 | 0.00% | Jul 2, 2026 |
| Michael R. McCarthy | Director | 54,589 | 0.01% | Jul 2, 2026 |
| Christopher J. Williams | Director | – | – | Jul 2, 2026 |
| John K. Tien Jr | Director | – | – | Jul 2, 2026 |
| W. Anthony Will | Director | – | – | Jul 2, 2026 |
| Sheri H. Edison | Director | – | – | Jul 2, 2026 |
| David B. Dillon | Director | 4,050 | 0.00% | Apr 2, 2026 |
| William J. DeLaney III | Director | 17,500 | 0.00% | Apr 2, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Christina B. Conlin EVP CHIEF LEGAL OFFICER & CORP | Sep 10, 2026 | Award | +2.22 | $285.78 | $634 | 16,014 |
| Carrie J. Powers VP & CONTROLLER | Sep 10, 2026 | Award | +5.53 | $285.78 | $1.58K | 8,147 |
| Rahul Jalali EVP & CHIEF INFORMATION OFFICE | Sep 10, 2026 | Award | +5.12 | $285.78 | $1.46K | 33,136 |
| Kenyatta G. Rocker EVP MARKETING & SALES | Sep 10, 2026 | Award | +2.6 | $285.78 | $743 | 1,311 |
| Jennifer L. Hamann EVP & CHIEF FINANCIAL OFFICER | Sep 10, 2026 | Award | +7.38 | $285.78 | $2.11K | 114,683 |
| Kenyatta G. Rocker EVP MARKETING & SALES | Sep 4, 2026 | Gift | −431 | – | – | 60,702 |
| Carrie J. Powers VP & CONTROLLER | Aug 10, 2026 | Award | +5.41 | $292.24 | $1.58K | 8,141 |
| Rahul Jalali EVP & CHIEF INFORMATION OFFICE | Aug 10, 2026 | Award | +8.21 | $292.24 | $2.40K | 33,131 |
| Jennifer L. Hamann EVP & CHIEF FINANCIAL OFFICER | Aug 10, 2026 | Award | +7.96 | $292.24 | $2.33K | 114,675 |
| Kenyatta G. Rocker EVP MARKETING & SALES | Aug 10, 2026 | Award | +2.55 | $292.24 | $745 | 1,309 |
| Christina B. Conlin EVP CHIEF LEGAL OFFICER & CORP | Aug 10, 2026 | Award | +2.17 | $292.24 | $634 | 16,012 |
| Kenyatta G. Rocker EVP MARKETING & SALES | Jul 10, 2026 | Award | +2.59 | $286.96 | $743 | 1,306 |
| Kenyatta G. Rocker EVP MARKETING & SALES | Jul 10, 2026 | Award | +4.88 | $286.96 | $1.40K | 61,133 |
| Carrie J. Powers VP & CONTROLLER | Jul 10, 2026 | Award | +5.51 | $286.96 | $1.58K | 8,136 |
| Rahul Jalali EVP & CHIEF INFORMATION OFFICE | Jul 10, 2026 | Award | +8.36 | $286.96 | $2.40K | 33,123 |
| Christina B. Conlin EVP CHIEF LEGAL OFFICER & CORP | Jul 10, 2026 | Award | +2.21 | $286.96 | $634 | 16,009 |
| Jennifer L. Hamann EVP & CHIEF FINANCIAL OFFICER | Jul 10, 2026 | Award | +8.1 | $286.96 | $2.32K | 114,667 |
| Carrie J. Powers VP & CONTROLLER | Jun 10, 2026 | Award | +5.92 | $267.03 | $1.58K | 8,130 |
| Kenyatta G. Rocker EVP MARKETING & SALES | Jun 10, 2026 | Award | +13.11 | $267.03 | $3.50K | 61,128 |
| Kenyatta G. Rocker EVP MARKETING & SALES | Jun 10, 2026 | Award | +2.79 | $267.03 | $745 | 1,302 |
| Eric J. Gehringer EVP OPERATIONS | Jun 10, 2026 | Award | +13.11 | $267.03 | $3.50K | 43,025 |
| Jennifer L. Hamann EVP & CHIEF FINANCIAL OFFICER | Jun 10, 2026 | Award | +8.71 | $267.03 | $2.33K | 114,659 |
| Rahul Jalali EVP & CHIEF INFORMATION OFFICE | Jun 10, 2026 | Award | +8.99 | $267.03 | $2.40K | 33,114 |
| Christina B. Conlin EVP CHIEF LEGAL OFFICER & CORP | Jun 10, 2026 | Award | +7.13 | $267.03 | $1.90K | 16,007 |
| Eric J. Gehringer EVP OPERATIONS | Jun 3, 2026 | Sale | −2,991 | $263.96 | $789.50K | 43,012 |
| Kenyatta G. Rocker EVP MARKETING & SALES | May 10, 2026 | Award | +13.23 | $264.65 | $3.50K | 61,115 |
| Kenyatta G. Rocker EVP MARKETING & SALES | May 10, 2026 | Award | +2.81 | $264.65 | $744 | 1,299 |
| Rahul Jalali EVP & CHIEF INFORMATION OFFICE | May 10, 2026 | Award | +9.07 | $264.65 | $2.40K | 33,105 |
| Carrie J. Powers VP & CONTROLLER | May 10, 2026 | Award | +5.97 | $264.65 | $1.58K | 8,124 |
| Christina B. Conlin EVP CHIEF LEGAL OFFICER & CORP | May 10, 2026 | Award | +7.2 | $264.65 | $1.91K | 16,000 |
| Jennifer L. Hamann EVP & CHIEF FINANCIAL OFFICER | May 10, 2026 | Award | +8.79 | $264.65 | $2.33K | 114,651 |
| Eric J. Gehringer EVP OPERATIONS | May 10, 2026 | Award | +14.17 | $264.65 | $3.75K | 46,003 |
| Jennifer L. Hamann EVP & CHIEF FINANCIAL OFFICER | Apr 24, 2026 | Sale | −2,000 | $274.70 | $549.40K | 114,642 |
| Kenyatta G. Rocker EVP MARKETING & SALES | Apr 24, 2026 | Sale | −11,856 | $271.76 | $3.22M | 61,102 |
| Kenyatta G. Rocker EVP MARKETING & SALES | Apr 24, 2026 | Option exercise | +11,856 | $161.57 | $1.92M | 72,958 |
| Kenyatta G. Rocker EVP MARKETING & SALES | Apr 24, 2026 | Sale | −15,531 | $271.76 | $4.22M | 61,102 |
| Kenyatta G. Rocker EVP MARKETING & SALES | Apr 24, 2026 | Option exercise | +15,531 | $186.11 | $2.89M | 76,633 |
| Jennifer L. Hamann EVP & CHIEF FINANCIAL OFFICER | Apr 10, 2026 | Award | +9.28 | $250.51 | $2.32K | 116,642 |
| Christina B. Conlin EVP CHIEF LEGAL OFFICER & CORP | Apr 10, 2026 | Award | +7.61 | $250.51 | $1.91K | 15,993 |
| Carrie J. Powers VP & CONTROLLER | Apr 10, 2026 | Award | +6.31 | $250.51 | $1.58K | 8,119 |
| Eric J. Gehringer EVP OPERATIONS | Apr 10, 2026 | Award | +14.97 | $250.51 | $3.75K | 45,988 |
| Rahul Jalali EVP & CHIEF INFORMATION OFFICE | Apr 10, 2026 | Award | +9.58 | $250.51 | $2.40K | 33,096 |
| Vincenzo J. Vena CHIEF EXECUTIVE OFFICER, Director | Apr 10, 2026 | Award | +11.98 | $250.51 | $3.00K | 220,695 |
| Kenyatta G. Rocker EVP MARKETING & SALES | Apr 10, 2026 | Award | +13.97 | $250.51 | $3.50K | 61,102 |
| Kenyatta G. Rocker EVP MARKETING & SALES | Apr 10, 2026 | Award | +2.97 | $250.51 | $744 | 1,296 |
| Eric J. Gehringer EVP OPERATIONS | Mar 20, 2026 | Sale(10b5-1 plan) | −1,999 | $234.93 | $469.63K | 45,973 |
| Kenyatta G. Rocker EVP MARKETING & SALES | Mar 10, 2026 | Award | +12.19 | $250.21 | $3.05K | 61,088 |
| Kenyatta G. Rocker EVP MARKETING & SALES | Mar 10, 2026 | Award | +2.87 | $250.21 | $718 | 1,291 |
| Carrie J. Powers VP & CONTROLLER | Mar 10, 2026 | Award | +6.1 | $250.21 | $1.53K | 8,112 |
| Jennifer L. Hamann EVP & CHIEF FINANCIAL OFFICER | Mar 10, 2026 | Award | +8.52 | $250.21 | $2.13K | 116,633 |
| Vincenzo J. Vena CHIEF EXECUTIVE OFFICER, Director | Mar 10, 2026 | Award | +29.97 | $250.21 | $7.50K | 220,683 |
| Eric J. Gehringer EVP OPERATIONS | Mar 10, 2026 | Award | +13.99 | $250.21 | $3.50K | 47,972 |
| Christina B. Conlin EVP CHIEF LEGAL OFFICER & CORP | Mar 10, 2026 | Award | +6.89 | $250.21 | $1.72K | 15,985 |
| Rahul Jalali EVP & CHIEF INFORMATION OFFICE | Mar 10, 2026 | Award | +9.06 | $250.21 | $2.27K | 33,087 |
| Jennifer L. Hamann EVP & CHIEF FINANCIAL OFFICER | Feb 12, 2026 | Tax withholding | −902 | $262.81 | $237.05K | 116,624 |
| Jennifer L. Hamann EVP & CHIEF FINANCIAL OFFICER | Feb 12, 2026 | Option exercise | +4,243 | $124.86 | $529.78K | 119,542 |
| Jennifer L. Hamann EVP & CHIEF FINANCIAL OFFICER | Feb 12, 2026 | Tax withholding | −2,016 | $262.81 | $529.82K | 117,526 |
| Eric J. Gehringer EVP OPERATIONS | Feb 12, 2026 | Tax withholding | −822 | $262.81 | $216.03K | 47,958 |
| Eric J. Gehringer EVP OPERATIONS | Feb 12, 2026 | Option exercise | +5,271 | $161.57 | $851.64K | 52,021 |
| Eric J. Gehringer EVP OPERATIONS | Feb 12, 2026 | Tax withholding | −3,241 | $262.81 | $851.77K | 48,780 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Gehringer Eric Officer | Jun 3, 2026 | 2,991 | $789.50K | Jun 3, 2026 | Performance Shares |
| Jennifer L. Hamann Officer | Apr 30, 2026 | 2,000 | $549.00K | Apr 24, 2026 | Exercised Shares |
| G. Rocker Kenyatta Officer | Apr 24, 2026 | 27,387 | $7.44M | Apr 24, 2026 | Stock Option Exercise |
| Gehringer Eric Officer | Mar 20, 2026 | 1,999 | $469.63K | Mar 20, 2026 | Restricted Stock |
| V. Richardson Craig Officer | Jan 27, 2025 | 6,495 | $1.64M | Jan 27, 2025 | Stock Option Exercise |
| Whited Elizabeth Officer | Jan 24, 2025 | 7,500 | $1.88M | Jan 24, 2025 | Stock Option Exercise |
| Whited Elizabeth Officer | Jul 30, 2024 | 3,553 | $875.00K | Jul 30, 2024 | Restricted Stock |
| Whited Elizabeth Officer | Feb 15, 2024 | 3,750 | $937.50K | Feb 15, 2024 | Stock Option Exercise |
| Whited Elizabeth Officer | Feb 14, 2024 | 3,750 | $923.85K | Feb 14, 2024 | Stock Option Exercise |
| Gehringer Eric Officer | Oct 30, 2023 | 1,274 | $258.93K | Oct 30, 2023 | Exercised Shares |
| G. Rocker Kenyatta Officer | Aug 23, 2023 | 8,700 | $1.94M | Aug 23, 2023 | Performance Shares |