Andreas Halvorsen's Viking Global Investors disclosed a new position in Union Pacific (UNP), acquiring 2.05 million shares valued at approximately $556.87 million. This investment gives the fund a 1.59% weight in the railroad operator. The trade was revealed in a quarterly 13F filing with the SEC, which reports holdings as of June 30, 2026, meaning the investment was made at some point during the second quarter.
The disclosure comes after Union Pacific reported strong second-quarter 2026 results on July 23, including a 12% increase in operating revenue to $6.9 billion and a 7% rise in diluted earnings per share. The company also raised its full-year 2026 earnings per share growth guidance to the high single-digit range, citing volume growth and operational efficiencies.