Union Pacific Corporation
CH ˙ SWX ˙ US9078181081
SecurityCH:UNP / Union Pacific Corporation
InstitutionGAM Holding AG
Latest Disclosed Ownership9,758 shares
Latest Disclosed Value $ 2,257,221
GAM Holding AG reports 852.00% increase in ownership of UNP / Union Pacific Corporation

On February 17, 2026 - GAM Holding AG filed a 13F-HR form disclosing ownership of 9,758 shares of Union Pacific Corporation (CH:UNP) valued at $2,257,221 USD as of December 31, 2025. The entity filed a previous 13F-HR on October 21, 2025 disclosing 1,025 shares of Union Pacific Corporation. This represents a change in shares of 852.00% 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)
2026-02-17 2025-12-31 13F UNION PAC COM 907818108 9,758 8,733 852.00 2,257 832.64 0.1094
2025-10-21 2025-09-30 13F UNION PAC COM 907818108 1,025 -9,262 -90.04 242 -89.77 0.0150
2025-08-04 2025-06-30 13F UNION PAC COM 907818108 10,287 -627 -5.74 2,367 -8.22 0.1664
2025-04-22 2025-03-31 13F UNION PAC COM 907818108 10,914 1,402 14.74 2,578 18.86 0.2000
2025-01-31 2024-12-31 13F UNION PAC COM 907818108 9,512 -894 -8.59 2,169 -15.41 0.1617
2024-10-22 2024-09-30 13F UNION PAC COM 907818108 10,406 189 1.85 2,565 10.95 0.2045
2024-07-26 2024-06-30 13F UNION PAC COM 907818108 10,217 -1,403 -12.07 2,312 -19.11 0.1774
2024-05-13 2024-03-31 13F UNION PAC COM 907818108 11,620 -13 -0.11 2,858 0.00 0.2067
2024-01-23 2023-12-31 13F UNION PAC COM 907818108 11,633 0 0.00 2,857 20.65 0.2125
2023-10-16 2023-09-30 13F UNION PAC COM 907818108 11,633 4 0.03 2,369 -0.46 0.1749
2023-07-27 2023-06-30 13F UNION PAC COM 907818108 11,629 -14 -0.12 2,379 1.54 0.1643
2023-05-09 2023-03-31 13F UNION PAC COM 907818108 11,643 188 1.64 2,343 -1.18 0.1626
2023-02-02 2022-12-31 13F UNION PAC COM 907818108 11,455 -31 -0.27 2,372 5.94 0.1904
2022-10-19 2022-09-30 13F UNION PAC COM 907818108 11,486 -29 -0.25 2,238 -8.88 0.1712
2022-07-21 2022-06-30 13F UNION PAC COM 907818108 11,515 617 5.66 2,456 -17.50 0.1633
2022-05-06 2022-03-31 13F UNION PAC COM 907818108 10,898 -2,567 -19.06 2,977 -12.23 0.1278
2022-02-18 2021-12-31 13F/A-1 UNION PAC COM 907818108 13,465 -77 -0.57 3,392 27.81 0.1512
2022-01-26 2021-12-31 13F UNION PAC COM 907818108 13,465 -77 3,392 0.1518
2021-11-12 2021-09-30 13F UNION PAC COM 907818108 13,542 -86 -0.63 2,654 -11.44 0.1235
2021-08-09 2021-06-30 13F UNION PAC COM 907818108 13,628 -243 -1.75 2,997 -1.99 0.1299
2021-05-10 2021-03-31 13F UNION PAC COM 907818108 13,871 -2,202 -13.70 3,058 -8.61 0.1422
2021-02-10 2020-12-31 13F UNION PAC COM 907818108 16,073 -309 -1.89 3,346 3.75 0.1984
2020-11-06 2020-09-30 13F UNION PAC COM 907818108 16,382 298 1.85 3,225 18.61 0.1941
2020-08-10 2020-06-30 13F UNION PAC COM 907818108 16,084 -45 -0.28 2,719 19.52 0.1690
2020-05-12 2020-03-31 13F UNION PAC COM 907818108 16,129 742 4.82 2,275 -18.19 0.1546
2020-02-06 2019-12-31 13F UNION PACIFIC COM 907818108 15,387 15,387 2,781 0.1314
2019-08-12 2019-06-30 13F UNION PACIFIC COM 907818108 0 -3,579 -100.00 0 -100.00
2019-05-10 2019-03-31 13F UNION PACIFIC COM 907818108 3,579 -103 -2.80 598 17.49 0.0251
2019-02-08 2018-12-31 13F UNION PAC COM 907818108 3,682 176 5.02 509 -10.70 0.0258
2018-11-13 2018-09-30 13F UNION PAC COM 907818108 3,506 1,730 97.41 570 126.19 0.0207
2018-08-09 2018-06-30 13F UNION PAC COM 907818108 1,776 1,776 252 0.0088
2018-05-15 2018-03-31 13F UNION PAC COM 907818108 0 -2,120 -100.00 0 -100.00
2018-02-14 2017-12-31 13F UNION PAC COM 907818108 2,120 959 82.60 284 110.37 0.0087
2017-11-14 2017-09-30 13F UNION PAC COM 907818108 1,161 -156,309 -99.26 135 -99.21 0.0057
2017-08-07 2017-06-30 13F UNION PAC COM 907818108 157,470 3,428 2.23 17,148 5.09 0.2529
2017-05-12 2017-03-31 13F UNION PAC COM 907818108 154,042 15,761 11.40 16,318 13.80 0.2578
2017-02-10 2016-12-31 13F UNION PAC COM 907818108 138,281 21,952 18.87 14,339 26.40 0.2514
2016-11-07 2016-09-30 13F UNION PAC COM 907818108 116,329 -1,383 -1.17 11,344 10.46 0.1993
2016-08-11 2016-06-30 13F UNION PAC COM 907818108 117,712 6,774 6.11 10,270 16.37 0.1592
2016-05-13 2016-03-31 13F UNION PAC COM 907818108 110,938 143 0.13 8,825 1.86 0.1469
2016-02-08 2015-12-31 13F UNION PAC COM 907818108 110,795 -7,462 -6.31 8,664 -17.13 0.1349
2015-11-12 2015-09-30 13F UNION PAC COM 907818108 118,257 -3,216 -2.65 10,455 -9.75 0.1797
2015-07-27 2015-06-30 13F UNION PAC COM 907818108 121,473 6,447 5.60 11,585 -7.01 0.1677
2015-05-12 2015-03-31 13F UNION PAC COM 907818108 115,026 -1,340 -1.15 12,458 -10.13 0.1864
2015-02-06 2014-12-31 13F UNION PAC COM 907818108 116,366 -77,535 -39.99 13,863 -34.06 0.2071
2014-11-12 2014-09-30 13F UNION PAC COM 907818108 193,901 30,001 18.30 21,023 28.59 0.3054
2014-08-11 2014-06-30 13F UNION PAC COM 907818108 163,900 76,994 88.59 16,349 0.25 0.2481
2014-05-15 2014-03-31 13F UNION PAC COM 907818108 86,906 6,016 7.44 16,309 20.07 0.2619
2014-02-12 2013-12-31 13F UNION PAC COM 907818108 80,890 -2,960 -3.53 13,583 4.28 0.2369
2013-11-12 2013-09-30 13F UNION PAC COM 907818108 83,850 -21,849 -20.67 13,025 -20.15 0.2438
2013-08-13 2013-06-30 13F UNION PACIFIC COM 907818108 105,699 105,699 16,311 0.3568
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.