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TIAA CREF INVESTMENT MANAGEMENT LLC
> UNP
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 03/31/2019 | UNION PACIFIC CORP | UNP | 5,863,653 | 47,028 | 980,403,000 | 176,371,000 | $167.20 |
| 12/31/2018 | UNION PACIFIC CORP | UNP | 5,816,625 | -157,795 | 804,032,000 | -168,783,000 | $138.23 |
| 09/30/2018 | UNION PACIFIC CORP | UNP | 5,974,420 | -308,555 | 972,815,000 | 82,643,000 | $162.83 |
| 06/30/2018 | UNION PACIFIC CORP | UNP | 6,282,975 | -1,285,884 | 890,172,000 | -127,310,000 | $141.68 |
| 03/31/2018 | UNION PACIFIC CORP | UNP | 7,568,859 | -1,040,066 | 1,017,482,000 | -136,975,000 | $134.43 |
| 12/31/2017 | UNION PACIFIC CORP | UNP | 8,608,925 | 1,403,429 | 1,154,457,000 | 318,836,000 | $134.10 |
| 09/30/2017 | UNION PACIFIC CORP | UNP | 7,205,496 | -742,895 | 835,621,000 | -30,038,000 | $115.97 |
| 06/30/2017 | UNION PACIFIC CORP | UNP | 7,948,391 | 46,298 | 865,659,000 | 28,669,000 | $108.91 |
| 03/31/2017 | UNION PACIFIC CORP | UNP | 7,902,093 | 41,161 | 836,990,000 | 21,969,000 | $105.92 |
| 12/31/2016 | UNION PACIFIC CORP | UNP | 7,860,932 | 476,227 | 815,021,000 | 94,791,000 | $103.68 |
| 09/30/2016 | UNION PACIFIC CORP | UNP | 7,384,705 | 156,067 | 720,230,000 | 81,146,000 | $97.53 |
| 06/30/2016 | UNION PACIFIC CORP | UNP | 7,457,098 | 112,623 | 650,632,000 | 66,379,000 | $87.25 |
| 03/31/2016 | UNION PACIFIC CORP | UNP | 7,344,475 | 115,837 | 584,253,000 | -54,831,000 | $79.55 |
| 12/31/2015 | UNION PACIFIC CORP | UNP | 7,176,521 | -52,117 | 561,204,000 | -77,880,000 | $78.20 |
| 09/30/2015 | UNION PACIFIC CORP | UNP | 7,228,638 | -970,009 | 639,084,000 | -248,911,000 | $88.41 |
| 06/30/2015 | UNION PACIFIC CORP | UNP | 7,094,368 | -1,104,279 | 676,590,000 | -211,405,000 | $95.37 |
| 03/31/2015 | UNION PACIFIC CORP | UNP | 8,198,647 | -728,193 | 887,995,000 | -79,853,000 | $108.31 |
| 12/31/2014 | UNION PACIFIC CORP | UNP | 8,177,318 | -749,522 | 974,164,000 | 6,316,000 | $119.13 |
| 09/30/2014 | UNION PACIFIC CORP | UNP | 8,926,840 | 4,357,774 | 967,848,000 | 110,417,000 | $108.42 |
| 06/30/2014 | UNION PACIFIC CORP | UNP | 9,584,774 | 5,015,708 | 956,081,000 | 98,650,000 | $99.75 |
| 03/31/2014 | UNION PACIFIC CORP | UNP | 4,569,066 | 440,053 | 857,431,000 | 216,030,000 | $187.66 |
| 12/31/2013 | UNION PACIFIC CORP | UNP | 4,451,867 | 322,854 | 747,914,000 | 106,513,000 | $168.00 |
| 09/30/2013 | UNION PACIFIC CORP | UNP | 4,129,013 | 4,129,013 | 641,401,000 | 641,401,000 | $155.34 |
| 06/30/2013 | UNION PACIFIC CORP | UNP | 4,153,143 | -181,184 | 640,747,000 | 95,835,000 | $154.28 |
| 03/31/2013 | UNION PACIFIC CORP | UNP | 3,864,788 | -469,539 | 550,384,459 | 5,472,459 | $142.41 |
| 12/31/2012 | UNION PACIFIC CORP | UNP | 4,334,327 | -75,902 | 544,912,000 | 21,418,000 | $125.72 |
| 09/30/2012 | UNION PACIFIC CORP | UNP | 4,410,229 | -180,818 | 523,494,000 | -24,264,000 | $118.70 |
| 06/30/2012 | UNION PACIFIC CORP | UNP | 4,591,047 | 666,645 | 547,758,000 | 125,963,000 | $119.31 |
| 03/31/2012 | UNION PACIFIC CORP | UNP | 3,924,402 | 958,373 | 421,795,000 | 179,559,000 | $107.48 |
| 12/31/2011 | UNION PACIFIC CORP | UNP | 3,572,802 | 606,773 | 378,503,000 | 136,267,000 | $105.94 |
| 09/30/2011 | UNION PACIFIC CORP | UNP | 2,966,029 | -516,115 | 242,236,000 | -121,300,000 | $81.67 |
| 06/30/2011 | UNION PACIFIC CORP | UNP | 3,482,144 | -316,836 | 363,536,000 | -10,018,000 | $104.40 |
| 03/31/2011 | UNION PACIFIC CORP | UNP | 3,798,980 | -208,944 | 373,554,000 | 2,180,000 | $98.33 |
| 12/31/2010 | UNION PACIFIC CORP | UNP | 4,007,924 | 88,060 | 371,374,000 | 50,729,000 | $92.66 |
| 09/30/2010 | UNION PACIFIC CORP | UNP | 3,919,864 | -128,718 | 320,645,000 | 39,228,000 | $81.80 |
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