As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Union Pacific: Jane Street Group LLC, Goldman Sachs Group Inc., Millennium Management LLC, Cubist Systematic Strategies LLC, Nomura Holdings Inc., BNP Paribas Financial Markets, Eisler Capital Management Ltd., PEAK6 LLC, Jane Street Group LLC, Walleye Trading LLC, Walleye Capital LLC, Capital Fund Management S.A., Garda Capital Partners LP, Hsbc Holdings PLC, Maven Securities LTD, Marathon Trading Investment Management LLC, Simplex Trading LLC, Covestor Ltd, JPMorgan Chase & Co., Wolverine Asset Management LLC, Citigroup Inc., Delta Accumulation LLC, Bank of Nova Scotia, Readystate Asset Management LP, Allianz Asset Management GmbH, Portman Square Capital LLP, Caas Capital Management LP, Fulcrum Asset Management LLP, SG Americas Securities LLC, and CenterStar Asset Management LLC. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.