Distillate Capital Partners LLC Trims Union Pacific Stake in Latest 13F Filing
Distillate Capital Partners LLC Trims Union Pacific Stake in Latest 13F Filing
In its latest SEC 13F filing, Distillate Capital Partners LLC disclosed a reduction in its position in Union Pacific Corporation (NYSE: UNP). The firm sold 1,270 shares of the transportation giant, marking a slight adjustment in its portfolio allocation.
Details of the Trade
As of the filing, Union Pacific represents 1.22% of Distillate Capital Partners' portfolio, with a market value of $23.63 million. Despite the reduction, the percentage weight of Union Pacific in the portfolio remains unchanged at 1.22%, indicating that the move was a minor rebalancing rather than a strategic overhaul. Distillate Capital now owns 0.02% of Union Pacific's total outstanding shares, underscoring its modest stake in the company.
Union Pacific, a leader in the transportation sector, continues to be a significant holding for Distillate Capital Partners, even after the recent sale. The firm’s reduction in shares aligns with its broader investment strategy of maintaining a balanced and efficient portfolio.
Why is Distillate Capital Adjusting Its Position in Union Pacific?
Union Pacific operates in the highly competitive transportation industry, which is subject to fluctuating economic conditions and fuel costs. Distillate Capital’s decision to trim its stake may reflect a tactical adjustment to optimize its portfolio’s risk-reward ratio.
How Much of Union Pacific Does Distillate Capital Own?
Following the recent sale, Distillate Capital owns a $23.63 million stake in Union Pacific, representing 0.02% of the company’s total shares. While this is a relatively small ownership percentage, it highlights the firm’s continued confidence in the transportation sector.
Portfolio Impact
Union Pacific remains a notable holding within Distillate Capital’s portfolio. With a 1.22% allocation, it continues to play a role in the firm’s investment strategy, even as the position is slightly reduced. This move reflects a disciplined approach to portfolio management, ensuring alignment with market trends and the firm’s investment philosophy.
For a deeper dive into Distillate Capital Partners LLC’s investment strategy and to explore their full portfolio, view Distillate Capital Partners LLC’s full real-time portfolio and historical 13F data here.