Freestone Capital Trims Union Pacific Holdings

Investment firm reduces stake in major railroad operator

Apr. 14, 2026 at 9:08am

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An extreme close-up of the intricate gears and mechanisms of a locomotive engine, conveying the heavy, industrial nature of the railroad business without any text or identifiable branding.Freestone Capital's reduced stake in Union Pacific reflects broader shifts in the transportation sector, though the railroad remains a key player in the industry.Omaha Today

Freestone Capital Holdings LLC, an investment management firm, has reduced its position in shares of Union Pacific Corporation (NYSE: UNP) by 24.6% in the fourth quarter, according to a recent SEC filing. The firm now holds 61,340 shares of the railroad operator's stock, valued at $14.19 million.

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. Institutional investors' holdings in the company provide insight into market sentiment and potential shifts in the transportation sector.

The details

Freestone Capital Holdings, an investment management firm based in Seattle, Washington, disclosed in a 13F filing that it reduced its stake in Union Pacific during the fourth quarter of 2025. The firm sold 19,971 shares, leaving it with a total of 61,340 shares valued at $14.19 million.

  • Freestone Capital Holdings filed its 13F report for the fourth quarter of 2025 on April 14, 2026.

The players

Freestone Capital Holdings LLC

An investment management firm based in Seattle, Washington that manages a portfolio of equity investments.

Union Pacific Corporation

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

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The takeaway

The reduction in Freestone Capital's Union Pacific holdings suggests a potential shift in market sentiment towards the railroad industry, though the overall investment thesis remains positive as Union Pacific continues to be a dominant player in the sector.