HEARTLAND EXPRESS INC HTLD
COM · Common Stock · CUSIP 422347104
American trucking company
- SectorIndustrials
- IndustryTrucking (No Local)
- HeadquartersNorth Liberty, IA
- Websiteheartlandexpress.com
- FilingsSEC EDGAR
* 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 ($15.3m this quarter). Holder counts are more reliable. Shares outstanding: 77.3m as of 2026-08-06, 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 ≈ $15.21. Options: 1 managers hold calls ($301.4k notional), 1 hold puts ($3.0k).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 175 |
| Q4 2022 | 173 |
| Q1 2023 | 175 |
| Q2 2023 | 164 |
| Q3 2023 | 160 |
| Q4 2023 | 159 |
| Q1 2024 | 169 |
| Q2 2024 | 155 |
| Q3 2024 | 164 |
| Q4 2024 | 177 |
| Q1 2025 | 189 |
| Q2 2025 | 178 |
| Q3 2025 | 177 |
| Q4 2025 | 174 |
| Q1 2026 | 182 |
| Q2 2026 | 200 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 81 | 67 |
| Q4 2024 | 75 | 76 |
| Q1 2025 | 100 | 87 |
| Q2 2025 | 102 | 82 |
| Q3 2025 | 89 | 87 |
| Q4 2025 | 82 | 88 |
| Q1 2026 | 91 | 66 |
| Q2 2026 | 95 | 81 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $264.8k | $255.5k | 0.96 |
| Q4 2025 | $97.5k | $27.1k | 0.28 |
| Q1 2026 | $67.6k | $488.8k | 7.23 |
| Q2 2026 | $301.4k | $3.0k | 0.01 |
Biggest buyers
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +785.7k |
| FRONTIER CAPITAL MANAGEMENT CO LLC | New | +468.6k |
| CITADEL ADVISORS LLC | Added | +436.3k |
| Nuveen, LLC | Added | +310.2k |
| Russell Investments Group, Ltd. | Added | +256.2k |
| Boston Partners | New | +162.6k |
| EVR Research LP | Added | +150.0k |
| DIMENSIONAL FUND ADVISORS LP | Added | +129.9k |
| Campbell & CO Investment Adviser LLC | New | +115.1k |
| AMERIPRISE FINANCIAL INC | Added | +112.6k |
Biggest sellers
| GATE CITY CAPITAL MANAGEMENT, LLC | Reduced | -1.3m |
| BRANDES INVESTMENT PARTNERS, LP | Sold out | -276.4k |
| UBS Group AG | Reduced | -244.6k |
| Tidal Investments LLC | Sold out | -181.0k |
| VANGUARD CAPITAL MANAGEMENT LLC | Reduced | -175.1k |
| GOLDMAN SACHS GROUP INC | Reduced | -139.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | Reduced | -116.0k |
| AMERICAN CENTURY COMPANIES INC | Reduced | -95.2k |
| STATE STREET CORP | Reduced | -86.0k |
| Trexquant Investment LP | Sold out | -85.3k |
Biggest calls
| CITADEL ADVISORS LLC | New | $301.4k19.8k shares |
Biggest puts
| SIMPLEX TRADING, LLC | Reduced | $3.0k200 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 |
|---|---|
GERDIN MICHAEL J
13D · may seek influence
filed 2025-05-07
Stated purposeAs set forth in Item 5(c), on May 5, 2025, the Michael J. Gerdin Revocable Trust purchased 148,272 shares of Common Stock in the open market. The purchases were made for investment purposes. Mr. Gerdin from time to time uses his personal funds to purchase Common Stock for investment purposes. Mr. Gerdin may cease buying the Common Stock at any time. Mr. Gerdin may purchase Common Stock in the open market or in privately negotiated transactions, or otherwise. Mr. Gerdin intends to participate in and influence the affairs of the Issuer through the exercise of his voting rights with respect to the shares of Common Stock for which he has voting power. In addition, Mr. Gerdin is the Chief Executive Officer, President, and a Director of the Issuer and, as a result, in the ordinary course or othe… Full filing |
40.7% |
| Gerdin Ann S 13G · exempt (held before listing) +5.8 pts · filed 2026-08-14 | 28.3% |
| BlackRock, Inc. 13G · institution filed 2025-10-17 | 8.1% |
| DIMENSIONAL FUND ADVISORS LP 13G · institution new · filed 2026-04-09 | 5.0% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (3.9%, 2026-01-30)
Insider purchases and sales since 1 Apr 2026
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 |
|---|---|---|---|---|---|
| Q4 2024 | 1 | $1.3m | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 3 | $2.5m | 0 | — | — |
| Q3 2025 | 1 | $245.8k | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
| Q2 2026 | 1 | $31.4k | 1 | $492.1k | — |
| Q3 2026 | 0 | — | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-06-15 | Millis David Paul Director | Sold | $492.1k31.4k shares |
| 2026-06-10 | SPALDING DAVID P Director | Bought | $31.4k2.0k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.00% of their portfolio | 6.9m $104.5m | Added +76.1k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 4.0m $60.9m | Added +129.9k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 2.1m $31.5m | Reduced -175.1k |
| STATE STREET CORP 0.00% of their portfolio | 2.0m $30.2m | Reduced -86.0k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 1.7m $26.4m | Reduced -95.2k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio | 1.4m $20.9m | Added +785.7k |
| TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio | 1.4m $20.9m | Reduced -68.4k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 1.2m $17.9m | Reduced -9.4k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 1.1m $16.7m | Added +112.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 973.5k $14.8m | Reduced -116.0k |
| Wallace Capital Management Inc. 1.61% of their portfolio | 965.0k $14.7m | Reduced -6.1k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio | 819.4k $12.5m | Added +7.8k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.14% of their portfolio | 533.5k $8.1m | Added +25.7k |
| MORGAN STANLEY 0.00% of their portfolio | 493.7k $7.5m | Added +23.0k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 491.2k $7.5m | Reduced -139.5k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 485.5k $7.4m | Added +436.3k |
| EVR Research LP 3.61% of their portfolio | 480.0k $7.3m | Added +150.0k |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.07% of their portfolio | 468.6k $7.1m | New |
| DEAN INVESTMENT ASSOCIATES, LLC 0.92% of their portfolio | 458.6k $7.0m | Added +110.1k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 444.8k $6.8m | Reduced -4.5k |
| Nuveen, LLC 0.00% of their portfolio | 432.0k $6.6m | Added +310.2k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 380.4k $5.8m | Reduced -21.9k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 358.0k $5.4m | Added +256.2k |
| Empowered Funds, LLC 0.03% of their portfolio | 356.4k $5.4m | Added +25.7k |
| Invesco Ltd. 0.00% of their portfolio | 350.3k $5.3m | Reduced -74.6k |
| Dean Capital Management 1.83% of their portfolio | 332.7k $5.1m | Added +88.6k |
| PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. 0.25% of their portfolio | 331.8k $5.0m | Added +1.0k |
| GATE CITY CAPITAL MANAGEMENT, LLC 1.26% of their portfolio | 320.3k $4.9m | Reduced -1.3m |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 299.7k $4.6m | Reduced -13.4k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 297.2k $4.5m | Added +63.7k |
| UBS Group AG 0.00% of their portfolio | 294.8k $4.5m | Reduced -244.6k |
| PHOENIX ASSET MANAGEMENT PARTNERS Ltd 2.72% of their portfolio | 272.4k $4.1m | Unchanged |
| Bank of New York Mellon Corp 0.00% of their portfolio | 247.4k $3.8m | Reduced -1.0k |
| Lesa Sroufe & Co 2.58% of their portfolio | 237.7k $3.6m | Added +7.9k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 220.8k $3.4m | Reduced -1.2k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 204.3k $3.1m | Added +7.4k |
| Legato Capital Management LLC 0.22% of their portfolio | 173.5k $2.6m | Added +46.2k |
| Boston Partners 0.00% of their portfolio | 162.6k $2.5m | New |
| Public Sector Pension Investment Board 0.01% of their portfolio | 156.8k $2.4m | Reduced -6.7k |
| Tweedy, Browne Co LLC 0.16% of their portfolio | 138.1k $2.1m | Added +11.5k |
| EXCHANGE TRADED CONCEPTS, LLC 0.01% of their portfolio | 138.1k $2.1m | Added +11.5k |
| CITIGROUP INC 0.00% of their portfolio | 125.8k $1.9m | Added +27.0k |
| Quantinno Capital Management LP 0.00% of their portfolio | 119.4k $1.8m | Added +16.6k |
| Campbell & CO Investment Adviser LLC 0.09% of their portfolio | 115.1k $1.8m | New |
| ACADIAN ASSET MANAGEMENT LLC 0.00% of their portfolio | 108.9k $1.7m | New |
| Lighthouse Investment Partners, LLC 0.05% of their portfolio | 108.3k $1.6m | New |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 107.5k $1.6m | Reduced -24.6k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 107.2k $1.7m | Reduced -69.9k |
| Legal & General Group Plc 0.00% of their portfolio | 102.5k $1.6m | Reduced -953 |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 102.3k $1.6m | Added +102.0k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 95.0k $1.4m | Reduced -8.3k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 88.9k $1.4m | New |
| Hudson Bay Capital Management LP 0.01% of their portfolio | 87.3k $1.3m | New |
| Swiss National Bank 0.00% of their portfolio | 85.5k $1.3m | Reduced -5.9k |
| Hills Bank & Trust Co 0.05% of their portfolio | 79.6k $1.2m | Unchanged |
| SummerHaven Investment Management, LLC 0.65% of their portfolio | 79.2k $1.2m | Unchanged |
| CAXTON ASSOCIATES LLP 0.02% of their portfolio | 75.5k $1.1m | New |
| Pullen Investment Management, LLC 0.49% of their portfolio | 69.2k $1.1m | New |
| XTX Topco Ltd 0.01% of their portfolio | 65.9k $1.0m | New |
| BEACON INVESTMENT ADVISORS LLC 0.31% of their portfolio | 64.8k $985.5k | Reduced -80 |
| VIRGINIA RETIREMENT SYSTEMS ET Al 0.01% of their portfolio | 64.2k $976.4k | Added +13.5k |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 64.0k $974.6k | Added +17.0k |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 64.0k $974.0k | New |
| Prescott General Partners LLC 0.05% of their portfolio | 60.0k $913.2k | Unchanged |
| Creative Planning 0.00% of their portfolio | 59.4k $903.5k | Reduced -150 |
| OCCUDO QUANTITATIVE STRATEGIES LP 0.05% of their portfolio | 59.0k $897.6k | New |
| Penn Capital Management Company, LLC 0.06% of their portfolio | 58.3k $887.1k | Added +499 |
| VARCOV Co. 0.32% of their portfolio | 55.6k $845.8k | New |
| SEI INVESTMENTS CO 0.00% of their portfolio | 55.3k $842.1k | Reduced -51.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 54.8k $835.0k | Added +2.9k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 54.7k $568.6k | Unchanged |
| Inspire Investing, LLC 0.03% of their portfolio | 53.1k $807.5k | Reduced -5.6k |
| Engineers Gate Manager LP 0.01% of their portfolio | 49.3k $750.8k | Reduced -11.2k |
| STRS OHIO 0.00% of their portfolio | 49.3k $750.3k | New |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 44.3k $675.0k | Added +445 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 43.7k $665.5k | Reduced -406 |
| Pacific Ridge Capital Partners, LLC 0.11% of their portfolio | 40.5k $616.0k | Reduced -466 |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 38.9k $591.9k | Reduced -6.7k |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 35.2k $536.0k | Unchanged |
| GSA CAPITAL PARTNERS LLP 0.03% of their portfolio | 34.8k $530.0k | New |
| VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio | 34.2k $521.0k | Unchanged |
| Enhancing Capital LLC 0.36% of their portfolio | 34.0k $516.7k | Unchanged |
| CIBC WORLD MARKET INC. 0.00% of their portfolio | 33.9k $515.2k | New |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 32.7k $497.0k | Added +16.1k |
| NEVILLE RODIE & SHAW INC 0.03% of their portfolio | 31.7k $482.0k | Unchanged |
| Cherokee Insurance Co 0.18% of their portfolio | 31.4k $477.8k | Unchanged |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 30.0k $457.0k | Reduced -477 |
| BARCLAYS PLC 0.00% of their portfolio | 28.9k $439.9k | Added +18.0k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 27.5k $418.2k | Reduced -19.6k |
| Vanguard Global Advisers, LLC 0.00% of their portfolio | 27.1k $413.1k | Reduced -3.6k |
| Jupiter Topco LLC 0.00% of their portfolio | 27.0k $411.2k | First filing |
| MANGROVE PARTNERS IM, LLC 0.03% of their portfolio | 26.4k $402.2k | New |
| Amundi 0.00% of their portfolio | 26.3k $400.0k | Reduced -11.3k |
| EntryPoint Capital, LLC 0.09% of their portfolio | 24.7k $375.3k | Unchanged |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 23.9k $363.6k | New |
| Illinois Municipal Retirement Fund 0.00% of their portfolio | 23.3k $354.4k | Reduced -3.6k |
| MetLife Investment Management, LLC 0.00% of their portfolio | 23.2k $353.1k | Added +3.7k |
| OpenArc Corporate Advisory, LLC 0.00% of their portfolio | 22.0k $334.9k | New |
| LPL Financial LLC 0.00% of their portfolio | 21.4k $325.8k | Added +7.2k |
| Gotham Asset Management, LLC 0.00% of their portfolio | 20.4k $311.1k | Reduced -3.3k |