Baupost Group — UNP

How Baupost Group's position in UNION PAC CORP changed quarter by quarter. Change badges compare each quarter to the fund's immediately-prior filing.

Quarter	Shares	Value	% of portfolio	Change
Q1 2026	1,540,995	$373,876,000	7.31%	TRIM
Q4 2025	1,627,254	$376,416,000	7.13%	NEW