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  "documentTitle": "Union Pacific Corporation (UNP)",
  "authorId": "15_Soroban",
  "authorName": "Eric Mandelblatt",
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  "presentationDate": "2023-02-22 00:00:00",
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      "kind": "chart",
      "text": "Soroban Railroad Exposure in Portfolio",
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      "text": "Today, Soroban owns a combined ~$3.1 billion of market value across two US railroads\n- UNP has been a significant investment for Soroban dating back to the second quarter of 2016. Soroban owns a ~$1.6 billion stake in UNP, making our firm a top 10 economic owner of the Company\n- Soroban owns a ~$1.6 billion stake in CSX (<3% of total company), making our firm the fifth largest shareholder\n- Soroban also previously owned NSC from 2018 to 2020\nPrior to founding Soroban, Eric Mandelblatt led TPG-Axon's investments in US railroads – the fund was a top shareholder of UNP, CSX, NSC, and BNSF from 2005 to 2010",
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      "text": "market value: $3.1 billion",
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      "text": "Soroban has been a long-time investor in the North American Class I railroad industry. Soroban's investment partners have been among the largest railroad investors since 2005, with extensive industry relationships at management and Board level",
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      "text": "Note: above figures include Soroban Opportunities Fund, Soroban Decarbonization Beneficiaries Fund, and Soroban Master Fund; as of 2/22/2023.",
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