Night Owl Capital Management, LLC: UNION PACIFIC (UNP): Quarterly 13F Position History
As of Q1 2026, Night Owl Capital Management, LLC reported 185,981 shares of UNION PACIFIC (UNP), worth $45.1M and representing 5.3% of its 13F equity book. Quarter-over-quarter share count change: + 1,213 (+0.7%) . The position first appeared in Q2 2023 and has been disclosed across 12 13F-HR filings in Pactolio's tracked window.
- 185,981Shares Held (Latest Filing)
- $45.1MReported Market Value (Latest Filing)
- 5.3%Portfolio Weight (% of 13F Equity Book)
- +1,213Quarter-over-Quarter Share Change
- +$2.4MQuarter-over-Quarter Value Change
- 185,981Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 12 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 185,981 | +1,213 | +0.7% | $45.1M | 5.3% | $242.6 |
| Q4 2025 | 184,768 | +2,975 | +1.6% | $42.7M | 4.7% | $231.3 |
| Q3 2025 | 181,793 | +100,799 | +124.5% | $43.0M | 4.7% | $236.4 |
| Q2 2025 | 80,994 | 56,370 | -41.0% | $18.6M | 2.2% | $230.1 |
| Q1 2025 | 137,364 | +4,978 | +3.8% | $32.5M | 4.1% | $236.2 |
| Q4 2024 | 132,386 | +4,471 | +3.5% | $30.2M | 3.9% | $228.0 |
| Q3 2024 | 127,915 | +4,090 | +3.3% | $31.5M | 4.3% | $246.5 |
| Q2 2024 | 123,825 | 2,581 | -2.0% | $28.0M | 4.2% | $226.3 |
| Q1 2024 | 126,406 | +15,844 | +14.3% | $31.1M | 4.7% | $245.9 |
| Q4 2023 | 110,562 | +43,010 | +63.7% | $27.2M | 5.4% | $245.6 |
| Q3 2023 | 67,552 | +5,055 | +8.1% | $13.8M | 3.4% | $203.6 |
| Q2 2023 | 62,497 | — | — | $12.8M | 3.3% | $204.6 |
Methodology & FAQ
How This Position History Is Sourced
Each row is one SEC Form 13F-HR filing disclosing this position. Share count, market value, and reported quarter are taken verbatim from the filing; portfolio weight is recomputed against the same filing's total reported equity book. Implied price-per-share is market value divided by shares — a quarter-end mark, not the manager's cost basis. See the full methodology document for the normalization rules.
When did Night Owl Capital Management, LLC first disclose a UNP position in 13F-HR filings?
Night Owl Capital Management, LLC first reported UNION PACIFIC (UNP) on its 13F-HR filing for the period ending 2023-06-30 (Q2 2023). The position has appeared on 12 reported quarters within Pactolio's tracked window.
What was Night Owl Capital Management, LLC's most recent quarter-over-quarter share-count change in UNP?
Between Q4 2025 and Q1 2026, Night Owl Capital Management, LLC added 1,213 shares of UNP (+0.7%), bringing the total reported position to 185,981 shares at a market value of $45.1M.
Does the implied price-per-share represent Night Owl Capital Management, LLC's cost basis in UNP?
No. The implied price-per-share column is the 13F-HR reported market value divided by reported share count on the filing date (end of quarter). It is a quarter-end mark, not a cost basis or transaction price. Use it as a sanity check on the value column, not as an indicator of the manager's entry or exit price.