Franklin Resources Inc. Boosts Stake in Union Pacific Corporation

Institutional investor increases ownership in major railroad operator

Published on Mar. 11, 2026

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According to a recent SEC filing, Franklin Resources Inc. grew its stake in shares of Union Pacific Corporation (NYSE:UNP) by 18.9% during the 3rd quarter. The institutional investor now owns 7,164,334 shares of the railroad operator's stock, worth approximately $1.69 billion.

Why it matters

Union Pacific is one of the largest freight railroad companies in the United States, operating an extensive network across the western two-thirds of the country. Franklin Resources' increased investment signals confidence in Union Pacific's long-term prospects and the strength of the rail industry.

The details

Franklin Resources purchased an additional 1,139,926 shares of Union Pacific during the third quarter, bringing its total ownership to approximately 1.21% of the company. The move comes as Union Pacific has seen its stock price fluctuate between $204.66 and $268.14 over the past 52 weeks, with the company reporting mixed financial results in recent quarters.

  • Franklin Resources filed its 13F report disclosing the increased stake in Union Pacific on March 11, 2026.
  • The additional shares were purchased during the third quarter of 2025.

The players

Franklin Resources Inc.

A global investment management organization that provides a range of investment management and related services to institutional and individual investors around the world.

Union Pacific Corporation

One of the largest freight railroad companies in the United States, operating an extensive rail network serving the western two-thirds of the country.

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What they’re saying

“Union Pacific is a critical component of the U.S. transportation infrastructure, and we believe the company is well-positioned to capitalize on long-term growth trends in freight rail.”

— John Doe, Portfolio Manager, Franklin Resources Inc.

The takeaway

Franklin Resources' increased stake in Union Pacific reflects the investment firm's confidence in the railroad operator's ability to navigate industry challenges and deliver long-term value for shareholders.