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Ray Dalio's Union Pacific Corporation (UNP) position

Yes: as of Q1 2026, Ray Dalio holds 533K shares of UNP worth $128M (0.6% of the disclosed portfolio). Held since at least Q1 2021; that opening coverage snapshot is not counted as a purchase.
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Current value
$128M
Shares held
533K
% of portfolio
0.6%
Est. average buy price (i)
$242.81
Quarter-end price
$240.02

Estimated trade prices

Average price in quarters with purchases
$238.01
Average prices in quarters with sales
  • Q4 2025: $228.28 (140K shares sold)
  • Q4 2024: $236.74 (901 shares sold)
  • Q3 2024: $242.48 (68K shares sold)
  • Q1 2024: $246.09 (11K shares sold)
  • Q4 2023: $219.86 (3K shares sold)
  • Q2 2023: $198.79 (10K shares sold)
  • Q1 2023: $202.67 (1K shares sold)
  • Q4 2022: $205.11 (2K shares sold)
  • Q3 2022: $221.28 (12K shares sold)
  • Q4 2021: $236.86 (995 shares sold)

UNP price vs Dalio's position

Dates
$150$200$250$30020222023202420252026Added 856 shares (2.2%) · Q3 2021. Average closing price $215.95 · Price range $196.01–$228.35856sharespurchasedSold 995 shares (2.5%) · Q4 2021. Average closing price $236.86 · Price range $201.74–$251.93995sharessoldAdded 5K shares (11.9%) · Q1 2022. Average closing price $252.50 · Price range $238.04–$276.695KsharespurchasedAdded 4K shares (10.0%) · Q2 2022. Average closing price $227.53 · Price range $206.45–$259.964KsharespurchasedSold 12K shares (24.9%) · Q3 2022. Average closing price $221.28 · Price range $194.82–$241.9112KsharessoldSold 2K shares (4.4%) · Q4 2022. Average closing price $205.11 · Price range $186.45–$218.022KsharessoldSold 1K shares (3.5%) · Q1 2023. Average closing price $202.67 · Price range $185.72–$214.691KsharessoldSold 10K shares (30.1%) · Q2 2023. Average closing price $198.79 · Price range $191.50–$205.9210KsharessoldAdded 2K shares (10.4%) · Q3 2023. Average closing price $217.79 · Price range $202.40–$238.002KsharespurchasedSold 3K shares (13.5%) · Q4 2023. Average closing price $219.86 · Price range $200.64–$246.023KsharessoldSold 11K shares (49.1%) · Q1 2024. Average closing price $246.09 · Price range $235.81–$256.9111KsharessoldAdded 60K shares (538.1%) · Q2 2024. Average closing price $234.37 · Price range $221.38–$247.4060KsharespurchasedSold 68K shares (95.7%) · Q3 2024. Average closing price $242.48 · Price range $221.78–$256.0968KsharessoldSold 901 shares (29.4%) · Q4 2024. Average closing price $236.74 · Price range $223.15–$249.32901sharessoldAdded 17K shares (763.4%) · Q1 2025. Average closing price $240.72 · Price range $225.21–$254.4217KsharespurchasedNew position of 195K shares · Q3 2025. Average closing price $225.38 · Price range $214.91–$237.16195KsharespurchasedSold 140K shares (72.0%) · Q4 2025. Average closing price $228.28 · Price range $216.37–$240.47140KsharessoldAdded 478K shares (877.5%) · Q1 2026. Average closing price $244.80 · Price range $221.69–$267.49478Ksharespurchased← Earlier —1 purchase
Average closing price · filing quarter
$244.80
Price range · filing quarter
$221.69 – $267.49

Every quarterly change

Quarter Action Shares change Est. value change Δ Own Shares held Filing date
Q1 2026 Added +478K +$117M +877.5% 533K May 15, 2026
Q4 2025 Reduced −140K −$32M −72.0% 55K Feb 13, 2026
Q3 2025 New +195K +$44M 195K Nov 13, 2025
Q1 2025 Added +17K +$4.0M +763.4% 19K May 14, 2025
Q4 2024 Reduced −901 −$213K −29.4% 2K Feb 13, 2025
Q3 2024 Reduced −68K −$17M −95.7% 3K Nov 13, 2024
Q2 2024 Added +60K +$14M +538.1% 71K Aug 14, 2024
Q1 2024 Reduced −11K −$2.7M −49.1% 11K May 14, 2024
Q4 2023 Reduced −3K −$751K −13.5% 22K Feb 14, 2024
Q3 2023 Added +2K +$518K +10.4% 25K Nov 13, 2023
Q2 2023 Reduced −10K −$2.0M −30.1% 23K Aug 11, 2023
Q1 2023 Reduced −1K −$242K −3.5% 33K May 12, 2023
Q4 2022 Reduced −2K −$324K −4.4% 34K Feb 13, 2023
Q3 2022 Reduced −12K −$2.6M −24.9% 36K Nov 10, 2022
Q2 2022 Added +4K +$982K +10.0% 47K Aug 11, 2022
Q1 2022 Added +5K +$1.2M +11.9% 43K May 13, 2022
Q4 2021 Reduced −995 −$236K −2.5% 39K Feb 14, 2022
Q3 2021 Added +856 +$185K +2.2% 40K Nov 12, 2021
Q2 2021 Added +37K +$8.3M +2,403.0% 39K Aug 13, 2021
Q1 2021 First covered 2K May 14, 2021
Data through Q1 2026 · filed May 15, 2026
20 grouped rows from 20 quarters

Who else owns UNP

Capital World Investors

owns 4.6% of shares outstanding
Est. $6.5B · Shares: 27.1M

JPMorgan Chase & Co

owns 3.0% of shares outstanding
Est. $4.2B · Shares: 17.6M

Capital Research Global Investors

owns 2.9% of shares outstanding
Est. $4.1B · Shares: 16.9M

Morgan Stanley

owns 2.5% of shares outstanding
Est. $3.6B · Shares: 14.9M

See all owners of UNP →

More Dalio positions

Common questions

Does Ray Dalio own UNP?

Yes. As of Q1 2026, Ray Dalio disclosed 533K shares of UNP, worth $128M. All figures come from SEC 13F filings for Q1 2026, the latest disclosed quarter.

When did Ray Dalio buy UNP?

Ray Dalio held UNP since at least Q1 2021, when this filing coverage begins; the opening snapshot is not a disclosed purchase. All figures come from SEC 13F filings for Q1 2026, the latest disclosed quarter.

Did Ray Dalio sell UNP?

The quarter-by-quarter table above shows each sale and reduction Ray Dalio disclosed in UNP. All figures come from SEC 13F filings for Q1 2026, the latest disclosed quarter.

How many shares of UNP does Ray Dalio own?

Ray Dalio disclosed 533K shares of UNP as of Q1 2026. All figures come from SEC 13F filings for Q1 2026, the latest disclosed quarter.

What price did Ray Dalio pay for UNP?

Ray Dalio's estimated average buy price for UNP is $242.81, from quarter-average prices weighted by the shares added each quarter. All figures come from SEC 13F filings for Q1 2026, the latest disclosed quarter.

How are the estimated trade prices calculated?

13F filings disclose quarter-end holdings, not trade dates or execution prices. These estimates use each covered quarter's average market price; the add average excludes the opening position and quarters without price data. All figures come from SEC 13F filings for Q1 2026, the latest disclosed quarter.