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MARSHFIELD ASSOCIATES
> UNP
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 06/30/2023 | UNION PACIFIC CORP | UNP | 302,111 | 17,972 | 61,817,855,000 | 2,981,192,000 | $204,619.68 |
| 12/31/2022 | UNION PACIFIC CORP | UNP | 284,139 | -267 | 58,836,663,000 | 58,781,255,000 | $207,070.00 |
| 09/30/2022 | UNION PACIFIC CORP | UNP | 284,406 | -3,799 | 55,408,000 | -6,060,000 | $194.82 |
| 06/30/2022 | UNION PACIFIC CORP | UNP | 288,205 | -10,480 | 61,468,000 | -20,136,000 | $213.28 |
| 03/31/2022 | UNION PACIFIC CORP | UNP | 298,685 | -47,675 | 81,604,000 | -5,655,000 | $273.21 |
| 12/31/2021 | UNION PACIFIC CORP | UNP | 346,360 | 864 | 87,259,000 | 19,538,000 | $251.93 |
| 09/30/2021 | UNION PACIFIC CORP | UNP | 345,496 | -2,191 | 67,721,000 | -8,746,000 | $196.01 |
| 06/30/2021 | UNION PACIFIC CORP | UNP | 347,687 | 6,557 | 76,467,000 | 5,437,000 | $219.93 |
| 03/31/2021 | UNION PACIFIC CORP | UNP | 0 | -341,130 | 0 | -71,030,000 | |
| 12/31/2020 | UNION PACIFIC CORP | UNP | 341,130 | -4,860 | 71,030,000 | 2,915,000 | $208.22 |
| 09/30/2020 | UNION PACIFIC CORP | UNP | 345,990 | -2,190 | 68,115,000 | 9,248,000 | $196.87 |
| 06/30/2020 | UNION PACIFIC CORP | UNP | 348,180 | 2,068 | 58,867,000 | 10,051,000 | $169.07 |
| 03/31/2020 | UNION PACIFIC CORP | UNP | 346,112 | 338 | 48,816,000 | -13,696,000 | $141.04 |
| 12/31/2019 | UNION PACIFIC CORP | UNP | 345,774 | 33,313 | 62,512,000 | 11,900,000 | $180.79 |
| 09/30/2019 | UNION PACIFIC CORP | UNP | 312,461 | 734 | 50,612,000 | -2,104,000 | $161.98 |
| 06/30/2019 | UNION PACIFIC CORP | UNP | 311,727 | -4,741 | 52,716,000 | -197,000 | $169.11 |
| 03/31/2019 | UNION PACIFIC CORP | UNP | 316,468 | -1,165 | 52,913,000 | 9,007,000 | $167.20 |
| 12/31/2018 | UNION PACIFIC CORP | UNP | 317,633 | 7,191 | 43,906,000 | -6,643,000 | $138.23 |
| 09/30/2018 | UNION PACIFIC CORP | UNP | 310,442 | -289,776 | 50,549,000 | -34,490,000 | $162.83 |
| 06/30/2018 | UNION PACIFIC CORP | UNP | 600,218 | -21,839 | 85,039,000 | 1,621,000 | $141.68 |
| 03/31/2018 | UNION PACIFIC CORP | UNP | 0 | -622,057 | 0 | -83,418,000 | |
| 12/31/2017 | UNION PACIFIC CORP | UNP | 622,057 | -6,857 | 83,418,000 | 10,483,000 | $134.10 |
| 09/30/2017 | UNION PACIFIC CORP | UNP | 628,914 | -9,490 | 72,935,000 | 3,406,000 | $115.97 |
| 06/30/2017 | UNION PACIFIC CORP | UNP | 638,404 | -15,745 | 69,529,000 | 242,000 | $108.91 |
| 03/31/2017 | UNION PACIFIC CORP | UNP | 654,149 | -26,179 | 69,287,000 | -1,249,000 | $105.92 |
| 12/31/2016 | UNION PACIFIC CORP | UNP | 680,328 | -13,618 | 70,536,000 | 2,855,000 | $103.68 |
| 09/30/2016 | UNION PACIFIC CORP | UNP | 693,946 | -104,220 | 67,681,000 | -1,959,000 | $97.53 |
| 06/30/2016 | UNION PACIFIC CORP | UNP | 798,166 | -2,686 | 69,640,000 | 5,932,000 | $87.25 |
| 03/31/2016 | UNION PACIFIC CORP | UNP | 800,852 | 642,209 | 63,708,000 | 39,233,000 | $79.55 |
| 12/31/2015 | UNION PACIFIC CORP | UNP | 268,277 | -2,438 | 20,979,000 | -2,955,000 | $78.20 |
| 09/30/2015 | UNION PACIFIC CORP | UNP | 270,715 | 112,072 | 23,934,000 | -541,000 | $88.41 |
| 06/30/2015 | UNION PACIFIC CORP | UNP | 278,409 | 119,766 | 26,552,000 | 2,077,000 | $95.37 |
| 03/31/2015 | UNION PACIFIC CORP | UNP | 283,752 | -8,256 | 30,733,000 | -4,054,000 | $108.31 |
| 12/31/2014 | UNION PACIFIC CORP | UNP | 292,008 | 133,365 | 34,787,000 | 10,312,000 | $119.13 |
| 09/30/2014 | UNION PACIFIC CORP | UNP | 298,149 | 298,149 | 32,325,000 | 32,325,000 | $108.42 |
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