Union Pacific Corporation (UNP) Shares Rose 7% in Q4

Diamond Hill Capital, an investment management company, released its “Large Cap Concentrated Strategy” fourth-quarter 2022 investor letter. A copy of the same can be downloaded here. In the fourth quarter, the strategy returned 12.13% net of fees compared to a 7.24% return for the Russell 1000 Index. Holdings in the consumer discretionary, industrials, and financials sectors contributed towards the strategy’s performance in the quarter. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.

Diamond Hill Large Cap Concentrated Strategy highlighted stocks like Union Pacific Corporation (NYSE:UNP) in its Q4 2022 investor letter. Headquartered in Omaha, Nebraska, Union Pacific Corporation (NYSE:UNP) engages in the railroad business. On March 24, 2023, Union Pacific Corporation (NYSE:UNP) stock closed at $188.51 per share. One-month return of Union Pacific Corporation (NYSE:UNP) was -2.84%, and its shares lost 31.04% of their value over the last 52 weeks. Union Pacific Corporation (NYSE:UNP) has a market capitalization of $115.344 billion.

Diamond Hill Large Cap Concentrated Strategy made the following comment about Union Pacific Corporation (NYSE:UNP) in its Q4 2022 investor letter:

“Other bottom contributors to return included railroad operator Union Pacific Corporation (NYSE:UNP), software and IT services provider Microsoft, and banking and financial services company Truist Financial. Union Pacific and Microsoft, though among our bottom contributors, still contributed positively to performance in Q4 as their share prices rose 7% and 3%, respectively. Truist’s stock ended flat in Q4.”

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Union Pacific Corporation (NYSE:UNP) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 83 hedge fund portfolios held Union Pacific Corporation (NYSE:UNP) at the end of the fourth quarter which was 74 in the previous quarter.

We discussed Union Pacific Corporation (NYSE:UNP) in another article and shared the list of five best TaaS stocks to buy. In addition, please check out our hedge fund investor letters Q4 2022 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.