Exited position

Chris Hohn’s Union Pacific (UNP) position

Reported position history, portfolio importance and verified filing changes from public SEC disclosures.

TCI Fund Management LtdVerified through Q2 2026
Relationship snapshot

At a glance

The full verified relationship, including prior ownership episodes and exits where supported.

First reportedQ2 2017Earliest verified positive filing snapshot
Latest statusExited positionBased on the latest supported relationship state
Peak shares7.70MHighest verified quarter-end share count
Quarters reported23Verified quarters with shares above zero
What happened?

TCI Fund Management Ltd first reported Union Pacific in Q2 2017. The reported position was increased and reduced across later filings. The latest verified relationship event shows that TCI Fund Management Ltd sold the entire position in Q1 2023, and the stock is no longer reported in the latest verified portfolio.

Verified SEC history

Position over time

See the same verified relationship through reported shares, portfolio weight or reported value.

Metric

Gaps indicate periods that cannot be safely connected or where a verified corporate action changes the raw share scale. Stock price, when available, is market context and not a transaction price.

Key filing events

What changed

Latest filing plus the most meaningful reported changes. Unchanged quarters are collapsed by default.

Q1 2023
Sold the entire position−5.19K shares · No shares reported at quarter-end
Q4 2022
Sold 99.9% of the position−5.53M shares · 5.19K shares remained
Filing context

Quarter-end price $207.07 · Estimated holding basis $158.18

Q3 2022
Bought 5.4% more+281.95K shares · 5.53M shares reported after the change
Filing context

Quarter-end price $194.82 · Estimated holding basis $158.18

Q1 2022
Sold 14.5% of the position−893.77K shares · 5.25M shares remained
Filing context

Quarter-end price $273.21 · Estimated holding basis $156.21

Q4 2021
Bought 7.4% more+424.71K shares · 6.15M shares reported after the change
Filing context

Quarter-end price $251.93 · Estimated holding basis $156.21

Q2 2021
Sold 4.9% of the position−295.33K shares · 5.72M shares remained
Filing context

Quarter-end price $219.93 · Estimated holding basis $149.11

5 unchanged quarters are collapsed by default.

Portfolio importance

How important was Union Pacific in TCI Fund Management Ltd’s reported portfolio?

Relative importance is measured only within the verified primary non-option reported portfolio for each quarter.

Last reported portfolio weight0.0%Q4 2022
Last reported rank#10of 10 reported positions
Peak portfolio weight8.4%Q1 2019
Best historical rank#5Q1 2019
At peak importanceQ1 2019
UNP
8.4%
Largest holding
22.4%
Cross-investor discovery

Who else owns Union Pacific?

Also reported by 5 other tracked investors in their latest verified filings.

Seth KlarmanBaupost Group
UNP6.0% of reported portfolio
Daniel LoebThird Point LLC
UNP2.0% of reported portfolio
Ray DalioBridgewater Associates, LP
UNP0.6% of reported portfolio
Explore Union Pacific across all tracked investors →
SEC evidence & methodology

SEC filing evidence

Market context and filing-derived values are kept separate from actual transaction prices, which 13F filings do not disclose.

Latest verified stock price$279.372026-09-18

Market context only; not an investor transaction price.

Latest verified investor filingQ2 2026 · filed 2026-08-14
Open SEC filing ↗

View Union Pacific stock page →

This tracker follows TCI Fund Management Ltd’s Form 13F disclosures, not Chris Hohn’s personal brokerage account. Form 13F reports quarter-end positions later and does not reveal exact trade dates or execution prices.