As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Union Pacific: Portman Square Capital LLP, IMC Chicago LLC, Curated Wealth Partners LLC, Nomura Holdings Inc., Readystate Asset Management LP, HAP Trading LLC, BlueCrest Capital Management Ltd, Citadel Advisors LLC, Royal Bank of Canada, Balyasny Asset Management L.P., Verition Fund Management LLC, Eisler Capital US LLC, Eisler Capital UK Ltd., Dymon Asia Capital Singapore PTE. LTD., Capstone Investment Advisors LLC, Allianz Asset Management GmbH, Hsbc Holdings PLC, Mendel Money Management, IMC Chicago LLC, One River Asset Management LLC, Wells Fargo & Company MN, UBS Group AG, BNP Paribas Financial Markets, Concourse Financial Group Securities Inc., Simplex Trading LLC, XR Securities LLC, and Wolverine Asset Management LLC. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.