ARCBEST CORP ARCB
COM · Common Stock · CUSIP 03937C105
American transportation holding company
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($12.8m this quarter). Holder counts are more reliable. Shares outstanding: 24.0m as of 2023-07-28, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $98.78. Options: 11 managers hold calls ($71.2m notional), 11 hold puts ($22.3m).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 259 |
| Q4 2022 | 260 |
| Q1 2023 | 279 |
| Q2 2023 | 275 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 114 | 123 |
| Q1 2023 | 127 | 137 |
| Q2 2023 | 134 | 135 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $15.5m | $22.5m | 1.45 |
| Q4 2022 | $11.3m | $14.7m | 1.30 |
| Q1 2023 | $24.5m | $9.5m | 0.39 |
| Q2 2023 | $71.2m | $22.3m | 0.31 |
Biggest buyers
| WESTWOOD HOLDINGS GROUP INC | New | +361.1k |
| VICTORY CAPITAL MANAGEMENT INC | Added | +272.9k |
| SEGALL BRYANT & HAMILL, LLC | New | +174.4k |
| Verition Fund Management LLC | Added | +143.4k |
| CITADEL ADVISORS LLC | Added | +132.6k |
| Balyasny Asset Management L.P. | New | +102.5k |
| SCOPUS ASSET MANAGEMENT, L.P. | Added | +98.4k |
| Pacer Advisors, Inc. | Added | +88.9k |
| Empowered Funds, LLC | New | +82.6k |
| Penn Capital Management Company, LLC | Added | +75.9k |
Biggest sellers
| ENVESTNET ASSET MANAGEMENT INC | Reduced | -218.9k |
| FMR LLC | Reduced | -207.8k |
| BlackRock Inc. | Reduced | -160.6k |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -114.8k |
| Driehaus Capital Management LLC | Sold out | -109.3k |
| M&G INVESTMENT MANAGEMENT LTD | Sold out | -78.4k |
| VANGUARD GROUP INC | Reduced | -73.1k |
| Aberdeen Group plc | Reduced | -71.9k |
| Brandywine Global Investment Management, LLC | Reduced | -65.0k |
| SCHRODER INVESTMENT MANAGEMENT GROUP | Sold out | -38.9k |
Biggest calls
| SCOPUS ASSET MANAGEMENT, L.P. | New | $32.1m325.0k shares |
| CITADEL ADVISORS LLC | Added | $11.2m113.3k shares |
| JANE STREET GROUP, LLC | Added | $6.9m70.2k shares |
| GROUP ONE TRADING LLC | Added | $6.2m62.7k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $6.1m61.8k shares |
| WOLVERINE TRADING, LLC | Added | $2.8m28.6k shares |
| Greenland Capital Management LP | New | $2.5m25.0k shares |
| SIMPLEX TRADING, LLC | Added | $1.8m18.5k shares |
| Walleye Trading LLC | Reduced | $780.5k7.9k shares |
| Interval Partners, LP | New | $711.4k7.2k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $5.0m51.0k shares |
| Weiss Multi-Strategy Advisers LLC | New | $4.9m50.0k shares |
| CITADEL ADVISORS LLC | Reduced | $4.2m42.2k shares |
| D. E. Shaw & Co., Inc. | New | $3.6m36.8k shares |
| BANK OF MONTREAL /CAN/ | New | $3.2m32.0k shares |
| WOLVERINE TRADING, LLC | New | $576.3k5.8k shares |
| JANE STREET GROUP, LLC | Added | $385.3k3.9k shares |
| Walleye Trading LLC | Added | $266.8k2.7k shares |
| GROUP ONE TRADING LLC | New | $69.2k700 shares |
| SIMPLEX TRADING, LLC | Reduced | $49.0k500 shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| BlackRock, Inc. 13G · institution filed 2025-07-18 | 14.7% |
| Invesco Ltd. 13G · institution new · filed 2026-08-13 | 7.4% |
| AMERICAN CENTURY INVESTMENT MANAGEMENT INC 13G · institution +1.1 pts · filed 2026-08-14 | 6.9% |
| DIMENSIONAL FUND ADVISORS LP 13G · institution filed 2025-04-15 | 6.3% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-28 | 5.7% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.3% |
Fell to 5% or below in the last year: FMR LLC (0.6%, 2026-08-06), ALLIANCEBERNSTEIN L.P. (4.6%, 2026-05-18), VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC)
Insider purchases and sales in Q2 2023
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 3 | $1.5m | — |
| Q1 2022 | 1 | $150.1k | 1 | $1.4m | — |
| Q2 2022 | 0 | — | 0 | — | — |
| Q3 2022 | 0 | — | 2 | $2.7m | — |
| Q4 2022 | 0 | — | 1 | $613.0k | — |
| Q1 2023 | 0 | — | 0 | — | — |
| Q2 2023 | 0 | — | 0 | — | — |
None reported in Q2 2023.
Holders, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| BlackRock Inc. 0.01% of their portfolio | 3.9m $382.3m | Reduced -160.6k |
| VANGUARD GROUP INC 0.01% of their portfolio | 2.7m $264.7m | Reduced -73.1k |
| DIMENSIONAL FUND ADVISORS LP 0.06% of their portfolio | 1.9m $183.0m | Reduced -8.3k |
| STATE STREET CORP 0.01% of their portfolio | 981.5k $97.0m | Reduced -11.6k |
| LSV ASSET MANAGEMENT 0.15% of their portfolio | 683.2k $67.5m | Reduced -5.7k |
| ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio | 559.6k $55.3m | Reduced -35.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 525.7k $51.9m | Added +9.2k |
| FMR LLC 0.00% of their portfolio | 508.8k $50.3m | Reduced -207.8k |
| MORGAN STANLEY 0.00% of their portfolio | 423.5k $41.8m | Reduced -20.4k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.24% of their portfolio | 423.3k $41.8m | Reduced -31.6k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 418.9k $41.4m | Added +1.2k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 401.2k $39.6m | Reduced -31.8k |
| VICTORY CAPITAL MANAGEMENT INC 0.04% of their portfolio | 384.7k $38.0m | Added +272.9k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 378.4k $37.4m | Reduced -8.3k |
| Aberdeen Group plc 0.08% of their portfolio | 369.6k $36.5m | Reduced -71.9k |
| Pacer Advisors, Inc. 0.15% of their portfolio | 365.8k $36.1m | Added +88.9k |
| WESTWOOD HOLDINGS GROUP INC 0.32% of their portfolio | 361.1k $35.7m | New |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 357.2k $35.3m | Reduced -7.2k |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 352.5k $34.8m | Added +54.8k |
| AMERICAN CENTURY COMPANIES INC 0.03% of their portfolio | 342.2k $33.8m | Added +29.6k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 309.8k $30.6m | Added +68.4k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 279.8k $27.6m | Reduced -6.0k |
| Invesco Ltd. 0.01% of their portfolio | 257.2k $25.4m | Reduced -36.5k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.49% of their portfolio | 209.4k $20.7m | Added +1.3k |
| SEGALL BRYANT & HAMILL, LLC 0.18% of their portfolio | 174.4k $17.2m | New |
| RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio | 168.0k $16.6m | Reduced -114.8k |
| SCOPUS ASSET MANAGEMENT, L.P. 0.55% of their portfolio | 160.0k $15.8m | Added +98.4k |
| CITADEL ADVISORS LLC 0.02% of their portfolio | 152.1k $15.0m | Added +132.6k |
| Verition Fund Management LLC 0.23% of their portfolio | 146.4k $14.5m | Added +143.4k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 141.6k $14.0m | Reduced -11.1k |
| ROYCE & ASSOCIATES LP 0.12% of their portfolio | 123.7k $12.2m | Added +5.2k |
| VOYA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 122.3k $12.1m | Added +7.1k |
| Penn Capital Management Company, LLC 1.13% of their portfolio | 117.8k $11.6m | Added +75.9k |
| Balyasny Asset Management L.P. 0.03% of their portfolio | 102.5k $10.1m | New |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio | 100.1k $9.9m | Added +20.0k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 99.1k $9.8m | Added +41.2k |
| PANAGORA ASSET MANAGEMENT INC 0.06% of their portfolio | 96.6k $9.5m | Reduced -11.6k |
| Orchard Capital Management, LLC 3.21% of their portfolio | 96.5k $9.5m | Reduced -12.4k |
| Nicholas Investment Partners, LP 0.65% of their portfolio | 95.6k $9.4m | Added +448 |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 94.3k $9.3m | Reduced -28.7k |
| BARCLAYS PLC 0.01% of their portfolio | 91.4k $9.0m | Added +75.1k |
| Russell Investments Group, Ltd. 0.02% of their portfolio | 90.0k $8.9m | Reduced -7.9k |
| NORDEA INVESTMENT MANAGEMENT AB 0.01% of their portfolio | 89.9k $8.8m | Added +18.3k |
| FIL Ltd 0.01% of their portfolio | 89.4k $8.8m | Unchanged |
| Empowered Funds, LLC 0.29% of their portfolio | 82.6k $8.2m | New |
| EA Series Trust 0.29% of their portfolio | 82.6k $8.2m | First filing |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 75.9k $7.5m | Reduced -2.7k |
| UBS Group AG 0.00% of their portfolio | 75.8k $7.5m | Added +4.5k |
| CITIGROUP INC 0.01% of their portfolio | 73.4k $7.3m | Added +56.0k |
| FAS Wealth Partners, Inc. 0.90% of their portfolio | 72.0k $7.1m | Added +18.7k |
| Allspring Global Investments Holdings, LLC 0.01% of their portfolio | 70.9k $7.0m | Added +460 |
| Legal & General Group Plc 0.00% of their portfolio | 69.1k $6.8m | Reduced -1.8k |
| Brandywine Global Investment Management, LLC 0.05% of their portfolio | 65.1k $6.4m | Reduced -65.0k |
| Concentric Capital Strategies, LP 1.36% of their portfolio | 64.2k $6.3m | Added +42.9k |
| TUDOR INVESTMENT CORP ET AL 0.10% of their portfolio | 62.0k $6.1m | Added +47.1k |
| Impala Asset Management LLC 5.47% of their portfolio | 61.5k $6.1m | Reduced -24.5k |
| NORGES BANK 0.00% of their portfolio | 60.6k $6.0m | Unchanged |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 60.2k $6.0m | Added +56.2k |
| READYSTATE ASSET MANAGEMENT LP 0.56% of their portfolio | 57.5k $5.7m | New |
| ExodusPoint Capital Management, LP 0.06% of their portfolio | 55.9k $5.5m | Added +51.6k |
| Swiss National Bank 0.00% of their portfolio | 52.7k $5.2m | Unchanged |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 51.9k $5.1m | Added +42.1k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 50.8k $5.0m | Reduced -2.4k |
| LAZARD ASSET MANAGEMENT LLC 0.01% of their portfolio | 50.3k $5.0m | Reduced -31.4k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 48.5k $4.8m | Reduced -400 |
| Qube Research & Technologies Ltd 0.02% of their portfolio | 48.1k $4.7m | Added +12.2k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 47.9k $4.7m | Reduced -11.8k |
| Man Group plc 0.01% of their portfolio | 45.9k $4.5m | New |
| Public Sector Pension Investment Board 0.03% of their portfolio | 42.5k $4.2m | Reduced -96 |
| CAPITAL FUND MANAGEMENT S.A. 0.07% of their portfolio | 42.2k $4.2m | Added +11.1k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.02% of their portfolio | 42.0k $4.2m | Added +21.7k |
| WEDGE CAPITAL MANAGEMENT L L P/NC 0.06% of their portfolio | 40.3k $4.0m | Added +36.8k |
| Cubist Systematic Strategies, LLC 0.04% of their portfolio | 38.7k $3.8m | New |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 38.0k $3.8m | Added +2.6k |
| Yaupon Capital Management LP 0.46% of their portfolio | 34.7k $3.4m | Added +13.1k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 34.1k $3.1m | Unchanged |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 33.8k $3.3m | Reduced -5.9k |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 31.1k $3.1m | Added +11.8k |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 30.9k $3.1m | Reduced -1.6k |
| CREDIT SUISSE AG/ 0.00% of their portfolio | 30.3k $3.0m | Added +1.3k |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 29.7k $2.9m | Added +6.0k |
| Horrell Capital Management, Inc. 0.90% of their portfolio | 29.5k $2.9m | Added +4 |
| Engine Capital Management, LP 0.71% of their portfolio | 29.5k $2.9m | Added +11.3k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 29.4k $2.9m | Reduced -1.1k |
| State of New Jersey Common Pension Fund D 0.01% of their portfolio | 28.6k $2.8m | Added +4.6k |
| FORMULA GROWTH LTD 0.87% of their portfolio | 27.6k $2.7m | New |
| MACQUARIE GROUP LTD 0.00% of their portfolio | 27.3k $2.7m | Unchanged |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.02% of their portfolio | 27.1k $2.7m | Added +1.4k |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 26.8k $2.7m | Added +3.4k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 25.6k $2.5m | Added +1.2k |
| CLARK ESTATES INC/NY 0.42% of their portfolio | 25.0k $2.5m | Unchanged |
| Thrivent Financial for Lutherans 0.01% of their portfolio | 23.0k $2.3m | Reduced -1.1k |
| Janney Montgomery Scott LLC 0.01% of their portfolio | 22.5k $2.2m | Added +155 |
| JOHN G ULLMAN & ASSOCIATES INC 0.34% of their portfolio | 22.1k $2.2m | Reduced -400 |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 21.7k $2.1m | Reduced -3.4k |
| TEXAS PERMANENT SCHOOL FUND CORP 0.02% of their portfolio | 21.1k $2.1m | Reduced -638 |
| Assenagon Asset Management S.A. 0.01% of their portfolio | 21.0k $2.1m | Added +3.2k |
| TWO SIGMA ADVISERS, LP 0.01% of their portfolio | 20.3k $2.0m | Reduced -6.9k |
| LEUTHOLD GROUP, LLC 0.26% of their portfolio | 20.3k $2.0m | New |
| Gotham Asset Management, LLC 0.04% of their portfolio | 20.1k $2.0m | Added +7.2k |