February 18, 2019

Union Pacific Corporation: Billionaire Quietly Buying This Dividend Stock


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John Armitage ranks as one of the top investors on Earth, though I doubt most people have ever heard of him.

The billionaire investor founded Egerton Capital Limited in 1994. Today, it’s one of the largest hedge funds in the world, with over $18.0 billion in assets under management. Since inception, Armitage has averaged double-digit annual returns for his clients. These profits put him in the same class of great investors like George Soros and Warren Buffett.

For this reason, I always keep a close eye on Armitage’s portfolio. And in recent months, he has made some interesting bets. According to recent U.S. Securities and Exchange Commission (SEC) filings, Egerton Capital has built up huge stakes in a number of railroad stocks.

Specifically, Armitage has built up sizeable positions in CSX Corporation (NYSE:CSX) and Canadian Pacific Railway Ltd (NYSE:CP). These businesses own thousands of miles of irreplaceable rail lines and represent some of the most lucrative income streams in the stock market.




He also just picked up a new position: Last quarter, Armitage disclosed an eight-million share stake in Union Pacific Corporation (NYSE:UNP). At the time of the filing, Egerton valued this position at $1.3 billion, or nearly 10% of the firm’s investment portfolio. (Source: “Union Pacific Corp (UNP) – Hedge Fund Holdings,” Insider Monkey, last accessed January 29, 2019.)




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