In a recent 13F filing, activist investor Dan Loeb's Third Point revealed a significant increase in its Union Pacific (UNP) holdings. The filing, which reflects positions as of June 30, 2026, showed the firm boosted its stake by 250% to 350,000 shares. This elevated the total reported value of Third Point's position to $95.20 million.
Investors should note that 13F filings are disclosed with a delay, so these trades occurred at some point during the second quarter of 2026. During that period, Union Pacific was advancing its merger application with Norfolk Southern and announced a 3% dividend increase in late July. The railroad operator also reported its second-quarter financial results in July.