Union Pacific Corporation
MX ˙ BMV ˙ US9078181081
SecurityMX:UNP / Union Pacific Corporation
InstitutionArrow Financial Corp
Latest Disclosed Ownership8,445 shares
Latest Disclosed Value $ 2,048,926
Arrow Financial Corp reports 4.16% decrease in ownership of UNP / Union Pacific Corporation

On May 11, 2026 - Arrow Financial Corp filed a 13F-HR form disclosing ownership of 8,445 shares of Union Pacific Corporation (MX:UNP) valued at $2,048,926 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 5, 2026 disclosing 8,812 shares of Union Pacific Corporation. This represents a change in shares of -4.16% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-11 2026-03-31 13F UNION PAC Equities 907818108 8,445 -367 -4.16 2,049 0.49 0.2061
2026-02-05 2025-12-31 13F UNION PAC Equities 907818108 8,812 687 8.46 2,038 6.15 0.2032
2025-10-21 2025-09-30 13F UNION PAC Equities 907818108 8,125 -321 -3.80 1,921 -1.18 0.1964
2025-08-11 2025-06-30 13F UNION PAC Equities 907818108 8,446 -275 -3.15 1,943 -5.68 0.2046
2025-05-05 2025-03-31 13F UNION PAC Equities 907818108 8,721 -76 -0.86 2,060 2.69 0.2303
2025-02-14 2024-12-31 13F UNION PAC Equities 907818108 8,797 65 0.74 2,006 -6.78 0.1904
2024-11-04 2024-09-30 13F UNION PAC COMMON STOCK 907818108 8,732 -68 -0.77 2,152 8.09 0.1990
2024-07-30 2024-06-30 13F UNION PAC COMMON STOCK 907818108 8,800 82 0.94 1,991 -7.14 0.1942
2024-05-21 2024-03-31 13F UNION PAC COMMON STOCK 907818108 8,718 -380 -4.18 2,144 -4.03 0.2128
2024-02-12 2023-12-31 13F UNION PAC COMMON STOCK 907818108 9,098 -359 -3.80 2,235 16.05 0.2319
2023-11-13 2023-09-30 13F UNION PAC COMMON STOCK 907818108 9,457 -5,835 -38.16 1,926 -38.48 0.2258
2023-08-09 2023-06-30 13F UNION PAC COMMON STOCK 907818108 15,292 -3,076 -16.75 3,129 -15.34 0.3775
2023-05-03 2023-03-31 13F UNION PAC COMMON STOCK 907818108 18,368 -278 -1.49 3,697 123,100.00 0.4818
2023-02-02 2022-12-31 13F UNION PAC COMMON STOCK 907818108 18,646 -48 -0.26 4 -99.92 0.5238
2022-11-07 2022-09-30 13F UNION PAC COMMON STOCK 907818108 18,694 -67 -0.36 3,642 -9.00 0.5312
2022-07-25 2022-06-30 13F UNION PAC COMMON STOCK 907818108 18,761 612 3.37 4,002 -19.28 0.5458
2022-04-26 2022-03-31 13F UNION PAC COMMON STOCK 907818108 18,149 -355 -1.92 4,958 6.35 0.5933
2022-01-28 2021-12-31 13F UNION PAC COMMON STOCK 907818108 18,504 -240 -1.28 4,662 26.93 0.5518
2021-10-21 2021-09-30 13F UNION PAC COMMON STOCK 907818108 18,744 -4 -0.02 3,673 -10.94 0.4739
2021-07-21 2021-06-30 13F UNION PAC COMMON STOCK 907818108 18,748 -325 -1.70 4,124 -1.90 0.5231
2021-04-30 2021-03-31 13F UNION PAC COMMON STOCK 907818108 19,073 2,209 13.10 4,204 19.70 0.5578
2021-02-08 2020-12-31 13F UNION PAC COMMON STOCK 907818108 16,864 646 3.98 3,512 9.99 0.6828
2020-11-06 2020-09-30 13F UNION PAC COMMON STOCK 907818108 16,218 158 0.98 3,193 17.61 0.6751
2020-07-27 2020-06-30 13F UNION PAC COMMON STOCK 907818108 16,060 216 1.36 2,715 21.48 0.5920
2020-04-21 2020-03-31 13F UNION PAC COMMON STOCK 907818108 15,844 -18 -0.11 2,235 -22.07 0.5297
2020-02-10 2019-12-31 13F UNION PAC COMMON STOCK 907818108 15,862 -1,948 -10.94 2,868 -0.62 0.5590
2019-10-28 2019-09-30 13F UNION PAC COMMON STOCK 907818108 17,810 -438 -2.40 2,886 -6.48 0.5991
2019-07-26 2019-06-30 13F UNION PAC COMMON STOCK 907818108 18,248 2,887 18.79 3,086 20.12 0.6633
2019-04-26 2019-03-31 13F UNION PAC COMMON STOCK 907818108 15,361 -719 -4.47 2,569 15.56 0.5955
2019-02-04 2018-12-31 13F UNION PAC COMMON STOCK 907818108 16,080 1,085 7.24 2,223 -8.97 0.5686
2018-10-10 2018-09-30 13F UNION PAC COMMON STOCK 907818108 14,995 339 2.31 2,442 17.57 0.5128
2018-07-30 2018-06-30 13F UNION PAC COMMON STOCK 907818108 14,656 -216 -1.45 2,077 3.90 0.4664
2018-04-25 2018-03-31 13F UNION PAC COMMON STOCK 907818108 14,872 -9,878 -39.91 1,999 -39.77 0.4633
2018-02-02 2017-12-31 13F UNION PAC COMMON STOCK 907818108 24,750 -303 -1.21 3,319 14.21 0.7674
2017-10-18 2017-09-30 13F UNION PAC COMMON STOCK 907818108 25,053 -324 -1.28 2,906 5.18 0.6896
2017-08-01 2017-06-30 13F UNION PAC COMMON STOCK 907818108 25,377 -206 -0.81 2,763 1.99 0.6615
2017-04-28 2017-03-31 13F UNION PAC COMMON STOCK 907818108 25,583 -147 -0.57 2,709 1.54 0.6606
2017-02-14 2016-12-31 13F UNION PAC COMMON STOCK 907818108 25,730 -454 -1.73 2,668 4.46 0.6615
2016-10-28 2016-09-30 13F UNION PAC COMMON STOCK 907818108 26,184 -1,086 -3.98 2,554 7.36 0.6494
2016-08-01 2016-06-30 13F UNION PAC COMMON STOCK 907818108 27,270 -245 -0.89 2,379 8.68 0.6204
2016-05-04 2016-03-31 13F UNION PAC COMMON STOCK 907818108 27,515 -171 -0.62 2,189 1.11 0.5808
2016-02-09 2015-12-31 13F UNION PAC COMMON STOCK 907818108 27,686 -800 -2.81 2,165 -14.02 0.5782
2015-11-06 2015-09-30 13F UNION PAC COMMON STOCK 907818108 28,486 -162 -0.57 2,518 -7.83 0.7155
2015-07-28 2015-06-30 13F UNION PAC COMMON STOCK 907818108 28,648 2,477 9.46 2,732 -3.60 0.7399
2015-04-30 2015-03-31 13F UNION PAC COMMON STOCK 907818108 26,171 -5,455 -17.25 2,834 -24.77 0.7624
2015-01-22 2014-12-31 13F UNION PAC COMMON STOCK 907818108 31,626 1,000 3.27 3,767 13.46 1.0272
2014-10-31 2014-09-30 13F UNION PAC COMMON STOCK 907818108 30,626 220 0.72 3,320 9.46 0.9210
2014-07-30 2014-06-30 13F UNION PAC COMMON STOCK 907818108 30,406 15,407 102.72 3,033 7.74 0.8198
2014-04-30 2014-03-31 13F UNION PAC COMMON STOCK 907818108 14,999 570 3.95 2,815 16.13 0.7991
2014-01-31 2013-12-31 13F UNION PAC COMMON STOCK 907818108 14,429 170 1.19 2,424 9.44 0.6954
2013-10-29 2013-09-30 13F UNION PAC COMMON STOCK 907818108 14,259 1,339 10.36 2,215 11.14 0.6798
2013-08-08 2013-06-30 13F UNION PAC COMMON STOCK 907818108 12,920 12,920 1,993 0.6384
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.