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Ole Andreas Halvorsen is back in UNP after about 8 years out, now 1.59% of the portfolio.

Re-entered with 2,047,332 shares worth $556.87M; the fund had sold out of the name in 2018 Q1.
Published · Based on SEC filings

Medium impact
Re-entry
2026 Q2

Ole Andreas Halvorsen's Viking Global Investors is back in Union Pacific Corp (UNP) in 2026 Q2, after about 8 years out, according to the 13F-HR filed with the SEC on August 14, 2026. The filing lists 2.05M shares worth about $556.9M at June 30, 2026, 1.59% of the reported portfolio. UNP enters the book as the 24th largest of 90 stock positions.

What did the 2026 Q2 filing report for UNP?

As of June 30, 2026, from the 13F-HR filed August 14, 2026.

Value
Shares 2.05M
Reported value $556.9M
Portfolio weight 1.59%
Rank in portfolio 24th of 90
Sold out in 2018 Q1
Out for about 8 years

How big is the returning UNP position?

Ole Andreas Halvorsen opened 34 stock positions in 2026 Q2; UNP is the 3rd largest of them by weight. An average stock position in the Ole Andreas Halvorsen portfolio is 1% of the reported value, so the new name comes in above the fund's typical size.

Where does UNP sit in the Ole Andreas Halvorsen portfolio?

UNP ranks 24th of 90 stock positions in the Ole Andreas Halvorsen portfolio at 1.59%, above the fund's average stock position of 1%. The UNP purchase was the 13th largest of the quarter's 101 position changes by percent change to portfolio. The largest stock position is V at 6.25%. Next come TSM at 4.31% and APD at 3.96%. The three largest stocks together are 14.53% of the book. Across the 2026 Q2 portfolio, Ole Andreas Halvorsen reported 90 stock positions, with 34 opened and 21 closed. The total portfolio value is about $35.1B, down 2% from the prior quarter.

Ole Andreas Halvorsen buys and sells, 2026 Q2

When did Ole Andreas Halvorsen hold UNP before?

Ole Andreas Halvorsen held UNP before. The fund first reported the name in the quarter ended December 31, 2016, sold out twice, most recently in 2018 Q1, and is back after about 8 years out. The new stake is already larger than any weight the fund reported for the name before. Every reported trade is on the Ole Andreas Halvorsen UNP trade history page.

Ole Andreas Halvorsen shares of UNP by quarter

Did other funds buy or sell UNP in 2026 Q2?

Among the other tracked funds that had filed for 2026 Q2 as of August 14, 2026, 6 hold UNP. The largest buyer of UNP this quarter was Daniel Loeb. The largest sellers were Seth Klarman, Parnassus Endeavor Fund and Thomas Russo. Every tracked holder of UNP is on the UNP ownership page.

FAQ

How many UNP shares does Ole Andreas Halvorsen hold?

Ole Andreas Halvorsen holds 2.05M shares of UNP as of June 30, 2026, worth about $556.9M.

What is UNP's weight in the Ole Andreas Halvorsen portfolio?

UNP is 1.59% of the Ole Andreas Halvorsen portfolio and ranks 24th of 90 stocks by weight.

Has Ole Andreas Halvorsen owned UNP before?

Yes. Ole Andreas Halvorsen held UNP before. The fund first reported the name in the quarter ended December 31, 2016, sold out twice, most recently in 2018 Q1, and is back after about 8 years out.

How many other tracked funds hold UNP?

6 other tracked funds that had filed for 2026 Q2 hold UNP.

Source: based on original SEC filings

Figures are from the fund's 13F, which lists long US-listed positions at quarter-end prices. Cash, short positions and most non-US holdings are not reported.
Stocks mentioned
Amelia Ingram
Amelia Ingram
Valuesider analyst