Vanguard Capital Management Acquires 7.55% Stake in Union Pacific Corp (UNP)

On April 30, 2026, Vanguard Capital Management LLC filed a Schedule 13G reporting a significant new stake in Union Pacific Corp (UNP). As of the event date on March 31, 2026, the investment adviser disclosed beneficial ownership of 44,823,799 shares of common stock, representing a 7.55% ownership stake in the company. The filing indicates that Vanguard holds sole dispositive power over all 44,823,799 shares, while possessing sole voting power over 6,267,895 shares. This position reflects an increase from a previously reported 0% ownership level. The filing includes holdings managed by various Vanguard affiliates, including Vanguard Asset Management Limited and Vanguard Global Advisers, LLC. In accordance with Rule 13d-1(b), Vanguard certified that these securities were acquired in the ordinary course of business and not for the purpose of influencing or changing the control of Union Pacific Corp. The total value of the reported position is approximately $11.94 billion.