Here’s Why Bretton Fund Sold Union Pacific Corporation (UNP)

Group 1 - Bretton Fund achieved an 8.21% return in Q3 2025, outperforming the S&P 500 Index which returned 8.12% [1] - The fund highlighted Union Pacific Corporation (NYSE:UNP) as a significant stock, which experienced a one-month return of -7.59% and a 52-week decline of 5.96% [2] - Union Pacific Corporation's stock closed at $218.83 on October 30, 2025, with a market capitalization of $129.801 billion [2] Group 2 - Bretton Fund sold its position in Union Pacific Corporation after holding it for nearly 15 years, achieving a 13% annualized internal rate of return [3] - The investment thesis for Union Pacific Corporation was based on its strong pricing power in a mature duopoly, offsetting coal volume decline by capturing trucking volume, and improving margins through operational enhancements [3] - Union Pacific Corporation was held by 89 hedge fund portfolios at the end of Q2 2025, an increase from 85 in the previous quarter [4]