Cliff Asness's UNP Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 707,038 shares of Union Pacific Corporation (UNP) worth $163.55 M, representing 0.09% of the portfolio. First purchased in 2012-Q4, this long-term strategic position has been held for 53 quarters.
Based on 13F filings since 2013, Cliff Asness has maintained a long-term strategic position in UNP, representing a significant commitment to this investment thesis. Largest addition occurred in Q1 2017, adding 1.62 M shares. Largest reduction occurred in Q1 2018, reducing 1.6 M shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's Union Pacific Corporation (UNP) Holding Value Over Time
Track share changes against reported price movement
Quarterly Union Pacific Corporation (UNP) Trades by Cliff Asness
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | +53,717 | Add 8.22% | 707,038 | $231.32 |
| Q3 2025 | +191,024 | Add 41.32% | 653,321 | $236.37 |
| Q2 2025 | +272,321 | Add 143.34% | 462,297 | $230.08 |
| Q1 2025 | +4,090 | Add 2.20% | 189,976 | $233.62 |
| Q4 2024 | +13,410 | Add 7.77% | 185,886 | $228.04 |
| Q3 2024 | -7,486 | Reduce 4.16% | 172,476 | $246.16 |
| Q2 2024 | +59,418 | Add 49.29% | 179,962 | $225.90 |
| Q1 2024 | +25,450 | Add 26.76% | 120,544 | $244.98 |
| Q4 2023 | -26,560 | Reduce 21.83% | 95,094 | $245.62 |
| Q3 2023 | -24,483 | Reduce 16.75% | 121,654 | $203.63 |
| Q2 2023 | -8,679 | Reduce 5.61% | 146,137 | $204.62 |
| Q1 2023 | -59,752 | Reduce 27.85% | 154,816 | $199.18 |
| Q4 2022 | -39,113 | Reduce 15.42% | 214,568 | $207.07 |
| Q3 2022 | +96,614 | Add 61.51% | 253,681 | $194.82 |
| Q2 2022 | +14,112 | Add 9.87% | 157,067 | $210.20 |
| Q1 2022 | -10,533 | Reduce 6.86% | 142,955 | $273.21 |
| Q4 2021 | -75,660 | Reduce 33.02% | 153,488 | $249.43 |
| Q3 2021 | +54,726 | Add 31.38% | 229,148 | $196.01 |
| Q2 2021 | -21,610 | Reduce 11.02% | 174,422 | $219.34 |
| Q1 2021 | -16,599 | Reduce 7.81% | 196,032 | $220.41 |
| Q4 2020 | +43,789 | Add 25.93% | 212,631 | $206.71 |
| Q3 2020 | +17,501 | Add 11.56% | 168,842 | $196.87 |
| Q2 2020 | -26,797 | Reduce 15.04% | 151,341 | $164.79 |
| Q1 2020 | -157,743 | Reduce 46.96% | 178,138 | $140.20 |
| Q4 2019 | -94,614 | Reduce 21.98% | 335,881 | $180.79 |
| Q3 2019 | +29,941 | Add 7.47% | 430,495 | $161.98 |
| Q2 2019 | +51,138 | Add 14.64% | 400,554 | $169.11 |
| Q1 2019 | -141,165 | Reduce 28.78% | 349,416 | $167.20 |
| Q4 2018 | +13,192 | Add 2.76% | 490,581 | $138.23 |
| Q3 2018 | -351,926 | Reduce 42.44% | 477,389 | $162.83 |
| Q2 2018 | +527,763 | Add 175.02% | 829,315 | $142.19 |
| Q1 2018 | -1.6 M | Reduce 84.18% | 301,552 | $134.43 |
| Q4 2017 | -408,413 | Reduce 17.65% | 1.91 M | $134.10 |
| Q3 2017 | +431,189 | Add 22.90% | 2.31 M | $116.05 |
| Q2 2017 | -504,821 | Reduce 21.14% | 1.88 M | $108.91 |
| Q1 2017 | +1.62 M | Add 212.51% | 2.39 M | $105.92 |
| Q4 2016 | +608,064 | Add 389.82% | 764,049 | $103.68 |
| Q3 2016 | +81,903 | Add 110.56% | 155,985 | $97.53 |
| Q2 2016 | +5,599 | Add 8.18% | 74,082 | $87.25 |
| Q1 2016 | -283,225 | Reduce 80.53% | 68,483 | $79.55 |
| Q4 2015 | -428,677 | Reduce 54.93% | 351,708 | $78.20 |
| Q3 2015 | -585,397 | Reduce 42.86% | 780,385 | $88.41 |
| Q2 2015 | -575,407 | Reduce 29.64% | 1.37 M | $95.37 |
| Q1 2015 | +77,964 | Add 4.18% | 1.94 M | $108.31 |
| Q4 2014 | +1.12 M | Add 150.60% | 1.86 M | $119.13 |
| Q3 2014 | -122,945 | Reduce 14.19% | 743,513 | $108.42 |
| Q2 2014 | +80,100 | Add 10.19% | 866,458 | $99.75 |
| Q1 2014 | -33,366 | Reduce 4.07% | 786,358 | $93.83 |
| Q4 2013 | +136,200 | Add 19.93% | 819,724 | $84.00 |
| Q3 2013 | +47,684 | Add 7.50% | 683,524 | $77.67 |
| Q2 2013 | +635,840 | Add 0.00% | 635,840 | $77.14 |
| Q4 2012 | +354,778 | Add 0.00% | 354,778 | $62.86 |
Cliff Asness's Union Pacific Corporation Investment FAQs
Cliff Asness first purchased Union Pacific Corporation (UNP) in Q4 2012, acquiring 354,778 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness has held Union Pacific Corporation (UNP) for 53 quarters since Q4 2012.
Cliff Asness's largest addition to Union Pacific Corporation (UNP) was in Q1 2017, adding 2,387,750 shares worth $252.91 M.
According to the latest 13F filing for Q4 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 707,038 shares of Union Pacific Corporation (UNP), valued at approximately $163.55 M.
As of the Q4 2025 filing, Union Pacific Corporation (UNP) represents approximately 0.09% of Cliff Asness's publicly disclosed stock portfolio, making it one of their key holdings.
Cliff Asness's peak holding in Union Pacific Corporation (UNP) was 2,387,750 shares, as reported at the end of Q1 2017.