Current position

Ray Dalio’s Union Pacific (UNP) position

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

Bridgewater Associates, LPVerified through Q2 2026
Relationship snapshot

At a glance

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

First reportedQ2 2009Earliest verified positive filing snapshot
Latest statusCurrent positionBased on the latest supported relationship state
Peak shares532.85KHighest verified quarter-end share count
Quarters reported35Verified quarters with shares above zero
What happened?

Bridgewater Associates, LP first reported Union Pacific in Q2 2009. After an earlier exit, the position later appeared again in a verified filing. The reported position was increased and reduced across later filings. Bridgewater Associates, LP currently reports 514.27K shares. The latest verified filing showed: Sold 3.5% of the position.

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.

Q2 2026
Sold 3.5% of the position−18.58K shares · 514.27K shares remained
Filing context

Quarter-end price $272.00 · Estimated holding basis $241.98

Q1 2026
Bought 877.5% more+478.34K shares · 532.85K shares reported after the change
Filing context

Quarter-end price $242.62 · Estimated holding basis $241.98

Q4 2025
Sold 72.0% of the position−140.11K shares · 54.51K shares remained
Filing context

Quarter-end price $231.32 · Estimated holding basis $236.37

Q3 2025
New position+194.62K shares · 194.62K shares reported
Filing context

Quarter-end price $236.37 · Estimated holding basis $236.37

Q2 2025
Sold the entire position−18.68K shares · No shares reported at quarter-end
Q1 2025
Bought 763.4% more+16.51K shares · 18.68K shares reported after the change
Filing context

Quarter-end price $236.24 · Estimated holding basis $235.00

Portfolio importance

How important is Union Pacific in Bridgewater Associates, LP’s reported portfolio?

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

Current portfolio weight0.6%Q2 2026
Current rank#19of 997 reported positions
Peak portfolio weight0.6%Q1 2026
Best historical rank#19Q2 2026
At peak importanceQ1 2026
UNP
0.6%
Largest holding
12.7%
Cross-investor discovery

Who else owns Union Pacific?

Also reported by 4 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
Tom RussoGardner Russo & Quinn · formerly Gardner Russo & Gardner
UNP0.1% 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 filing quarter-end price$272.00Q2 2026

Derived from validated reported value and shares where supported.

Estimated holding basis$241.98Historical reference — not actual purchase price

Calculated from supported filing history.

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

View Union Pacific stock page →

This tracker follows Bridgewater Associates, LP’s Form 13F disclosures, not Ray Dalio’s personal brokerage account. Form 13F reports quarter-end positions later and does not reveal exact trade dates or execution prices.