Does Warren Buffett own Union Pacific?

Berkshire Hathaway's Union Pacific Stake The first Union Pacific trade was made in Q3 2006. Since then Warren Buffett bought shares four more times and sold shares on three occasions. The investor sold all their shares in Q4 2009 and doesn't own any shares in Union Pacific anymore.



No, Warren Buffett does not own Union Pacific (UNP). In fact, Union Pacific is the primary competitor to the railroad that Buffett does own: BNSF Railway (Burlington Northern Santa Fe). Through his conglomerate, Berkshire Hathaway, Buffett famously acquired BNSF in 2010 in a deal valued at approximately $44 billion, calling it an "all-in wager on the economic future of the United States." While Berkshire Hathaway is a massive investor in the transport sector and has occasionally held small, passive shares in various other railroads for its portfolio, BNSF is a wholly-owned subsidiary and the "crown jewel" of Buffett's rail holdings. Union Pacific remains a publicly-traded company (NYSE: UNP) owned by institutional and individual shareholders. The two railroads dominate the Western United States in a "duopoly," with Union Pacific and BNSF together accounting for the vast majority of freight rail traffic west of the Mississippi River, each operating massive networks of over 30,000 miles of track.

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