OLD DOMINION FREIGHT LINE IN ODFL
COM · Common Stock · CUSIP 679580100 · ISIN US6795801009
American transportation 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 ($111.8m this quarter). Holder counts are more reliable. Shares outstanding: 109.1m as of 2023-11-03, 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 ≈ $405.26. Options: 29 managers hold calls ($209.6m notional), 29 hold puts ($226.8m).
Trends to Q4 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 741 |
| Q4 2022 | 762 |
| Q1 2023 | 791 |
| Q2 2023 | 786 |
| Q3 2023 | 829 |
| Q4 2023 | 889 |
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 | 322 | 375 |
| Q1 2023 | 369 | 360 |
| Q2 2023 | 343 | 400 |
| Q3 2023 | 383 | 368 |
| Q4 2023 | 439 | 362 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2023 | $194.6m | $310.4m | 1.59 |
| Q2 2023 | $226.5m | $381.8m | 1.69 |
| Q3 2023 | $317.9m | $334.7m | 1.05 |
| Q4 2023 | $209.6m | $226.8m | 1.08 |
Biggest buyers
| JPMORGAN CHASE & CO | Added | +2.4m |
| MORGAN STANLEY | Added | +1.2m |
| Qube Research & Technologies Ltd | Added | +306.6k |
| BlackRock Inc. | Added | +297.8k |
| BARCLAYS PLC | Added | +296.5k |
| JACOBS LEVY EQUITY MANAGEMENT, INC | Added | +283.9k |
| TWINBEECH CAPITAL LP | New | +172.2k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Added | +136.9k |
| Amundi | Added | +126.8k |
| DEUTSCHE BANK AG\ | Added | +110.4k |
Biggest sellers
| Capital Research Global Investors | Reduced | -1.2m |
| Capital World Investors | Reduced | -490.2k |
| Bank of New York Mellon Corp | Reduced | -447.7k |
| LORD, ABBETT & CO. LLC | Reduced | -433.7k |
| CITADEL ADVISORS LLC | Reduced | -178.5k |
| BANK OF AMERICA CORP /DE/ | Reduced | -131.5k |
| Balyasny Asset Management L.P. | Reduced | -120.8k |
| NORTHERN TRUST CORP | Reduced | -101.5k |
| Zurich Insurance Group Ltd/FI | Sold out | -101.0k |
| Artisan Partners Limited Partnership | Sold out | -101.0k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $44.6m110.1k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $36.4m89.8k shares |
| CITADEL ADVISORS LLC | Reduced | $28.1m69.3k shares |
| SIMPLEX TRADING, LLC | Reduced | $15.5m38.3k shares |
| GROUP ONE TRADING LLC | Reduced | $12.7m31.4k shares |
| D. E. Shaw & Co., Inc. | Reduced | $11.5m28.3k shares |
| Squarepoint Ops LLC | Reduced | $7.5m18.5k shares |
| CITIGROUP INC | New | $7.3m18.0k shares |
| IMC-Chicago, LLC | New | $5.8m14.2k shares |
| GTS SECURITIES LLC | Added | $5.6m13.7k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $56.1m138.3k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $38.0m93.7k shares |
| CITADEL ADVISORS LLC | Reduced | $25.9m64.0k shares |
| Qube Research & Technologies Ltd | Added | $22.9m56.6k shares |
| JANE STREET GROUP, LLC | Reduced | $10.4m25.6k shares |
| BRANT POINT INVESTMENT MANAGEMENT LLC | New | $9.1m225 shares |
| SIMPLEX TRADING, LLC | Reduced | $8.5m20.9k shares |
| IMC-Chicago, LLC | New | $6.7m16.5k shares |
| Walleye Capital LLC | Reduced | $6.2m15.3k shares |
| GROUP ONE TRADING LLC | Added | $5.4m13.3k 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 2025-07-17 | 6.7% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 6.7% |
| FMR LLC 13G · institution new · filed 2026-05-06 | 5.6% |
Fell to 5% or below in the last year: PRICE T ROWE ASSOCIATES INC /MD/ (4.7%, 2026-08-14), VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC), CONGDON DAVID S (3.7%, 2026-02-13)
Insider purchases and sales in Q4 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 |
|---|---|---|---|---|---|
| Q1 2022 | 0 | — | 0 | — | — |
| Q2 2022 | 0 | — | 0 | — | — |
| Q3 2022 | 0 | — | 2 | $15.0m | — |
| Q4 2022 | 0 | — | 2 | $10.4m | — |
| Q1 2023 | 0 | — | 3 | $8.4m | — |
| Q2 2023 | 0 | — | 0 | — | — |
| Q3 2023 | 0 | — | 2 | $256.0k | — |
| Q4 2023 | 0 | — | 1 | $15.0m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2023-11-10 | CONGDON DAVID S Executive Chairman, director · By David S. Congdon Revocable Trust dated 12/3/91 | Sold | $9.4m24.1k shares |
| 2023-11-09 | CONGDON DAVID S Executive Chairman, director · By David S. Congdon Revocable Trust dated 12/3/91 | Sold | $936.3k2.4k shares |
| 2023-11-08 | CONGDON DAVID S Executive Chairman, director · By David S. Congdon Revocable Trust dated 12/3/91 | Sold | $4.7m12.0k 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, Q4 2023
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.10% of their portfolio | 10.9m $4.4bn | Added +106.1k |
| BlackRock Inc. 0.09% of their portfolio | 8.8m $3.6bn | Added +297.8k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.34% of their portfolio | 6.3m $2.6bn | Added +81.1k |
| JPMORGAN CHASE & CO 0.10% of their portfolio | 5.0m $2.0bn | Added +2.4m |
| Capital Research Global Investors 0.41% of their portfolio | 4.1m $1.7bn | Reduced -1.2m |
| STATE STREET CORP 0.07% of their portfolio | 3.7m $1.5bn | Added +40.2k |
| Bank of New York Mellon Corp 0.25% of their portfolio | 3.1m $1.2bn | Reduced -447.7k |
| FMR LLC 0.07% of their portfolio | 2.2m $898.6m | Added +11.3k |
| GEODE CAPITAL MANAGEMENT, LLC 0.09% of their portfolio | 2.2m $873.2m | Added +54.6k |
| MORGAN STANLEY 0.04% of their portfolio | 2.1m $863.3m | Added +1.2m |
| CIBC Private Wealth Group LLC 1.80% of their portfolio | 2.1m $852.0m | Added +12.0k |
| Invesco Ltd. 0.14% of their portfolio | 1.5m $588.9m | Added +55.6k |
| NORGES BANK 0.09% of their portfolio | 1.2m $495.4m | Added +61.6k |
| Capital World Investors 0.09% of their portfolio | 1.2m $492.7m | Reduced -490.2k |
| GOLDMAN SACHS GROUP INC 0.10% of their portfolio | 1.1m $453.5m | Reduced -41.1k |
| WCM INVESTMENT MANAGEMENT, LLC 1.15% of their portfolio | 1.0m $416.7m | Added +1.8k |
| NORTHERN TRUST CORP 0.07% of their portfolio | 914.0k $370.5m | Reduced -101.5k |
| LONDON CO OF VIRGINIA 1.75% of their portfolio | 769.2k $311.8m | Added +5.9k |
| Legal & General Group Plc 0.09% of their portfolio | 676.2k $274.1m | Added +28.0k |
| ROYAL LONDON ASSET MANAGEMENT LTD 0.70% of their portfolio | 607.6k $246.3m | Reduced -22.0k |
| BARCLAYS PLC 0.11% of their portfolio | 546.7k $221.6m | Added +296.5k |
| Nuveen Asset Management, LLC 0.07% of their portfolio | 543.1k $220.1m | Added +89.8k |
| Thrivent Financial for Lutherans 0.47% of their portfolio | 532.4k $215.8m | Reduced -2.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.05% of their portfolio | 526.5k $213.4m | Added +12.8k |
| DIMENSIONAL FUND ADVISORS LP 0.06% of their portfolio | 483.9k $196.2m | Reduced -33.8k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.07% of their portfolio | 460.7k $186.7m | Added +10.6k |
| Amundi 0.08% of their portfolio | 446.5k $174.5m | Added +126.8k |
| EAGLE ASSET MANAGEMENT INC 0.93% of their portfolio | 428.6k $173.7m | Added +64.6k |
| EVENTIDE ASSET MANAGEMENT, LLC 2.79% of their portfolio | 421.4k $170.8m | Reduced -22.5k |
| DF DENT & CO INC 2.10% of their portfolio | 390.0k $158.1m | Reduced -10.0k |
| PARNASSUS INVESTMENTS, LLC 0.31% of their portfolio | 339.5k $137.6m | Added +101.1k |
| DEUTSCHE BANK AG\ 0.07% of their portfolio | 316.2k $128.2m | Added +110.4k |
| Qube Research & Technologies Ltd 0.28% of their portfolio | 308.0k $124.8m | Added +306.6k |
| Swiss National Bank 0.09% of their portfolio | 307.6k $124.7m | Reduced -9.9k |
| ROYAL BANK OF CANADA 0.03% of their portfolio | 288.2k $116.8m | Added +55.8k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.59% of their portfolio | 287.7k $116.6m | Added +283.9k |
| Canal Capital Management, LLC 21.14% of their portfolio | 281.6k $114.1m | Added +661 |
| VICTORY CAPITAL MANAGEMENT INC 0.11% of their portfolio | 269.4k $109.2m | Added +46.3k |
| VOYA INVESTMENT MANAGEMENT LLC 0.11% of their portfolio | 265.7k $107.4m | Added +17.7k |
| UBS Group AG 0.04% of their portfolio | 258.7k $104.8m | Added +50.9k |
| Sumitomo Mitsui Trust Group, Inc. 0.07% of their portfolio | 246.1k $99.8m | Reduced -2.6k |
| Alpha Omega Wealth Management LLC 16.06% of their portfolio | 239.4k $97.0m | Reduced -12.6k |
| TD Asset Management Inc 0.09% of their portfolio | 234.4k $95.0m | Reduced -2.9k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 227.7k $92.3m | Reduced -131.5k |
| FRANKLIN RESOURCES INC 0.04% of their portfolio | 224.7k $91.1m | Added +29.5k |
| Caisse de depot et placement du Quebec 0.23% of their portfolio | 221.4k $89.7m | Added +53.0k |
| CONGRESS ASSET MANAGEMENT CO 0.68% of their portfolio | 214.3k $86.9m | Added +2.0k |
| RHUMBLINE ADVISERS 0.09% of their portfolio | 212.8k $86.2m | Reduced -3.9k |
| FRED ALGER MANAGEMENT, LLC 0.46% of their portfolio | 211.9k $85.9m | Added +63.0k |
| BANK OF MONTREAL /CAN/ 0.03% of their portfolio | 205.4k $85.0m | Added +66.2k |
| HSBC HOLDINGS PLC 0.07% of their portfolio | 193.8k $78.5m | Added +66.6k |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 0.19% of their portfolio | 190.3k $77.2m | Added +14.1k |
| California Public Employees Retirement System 0.06% of their portfolio | 187.9k $76.2m | Reduced -5.1k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.10% of their portfolio | 185.5k $75.2m | Added +8.3k |
| NATIXIS ADVISORS, LLC 0.19% of their portfolio | 181.5k $73.6m | Reduced -4.3k |
| Allspring Global Investments Holdings, LLC 0.12% of their portfolio | 178.8k $72.5m | Added +57.2k |
| TWINBEECH CAPITAL LP 1.13% of their portfolio | 172.2k $69.8m | New |
| ENVESTNET ASSET MANAGEMENT INC 0.03% of their portfolio | 171.2k $69.4m | Added +3.3k |
| CREDIT SUISSE AG/ 0.07% of their portfolio | 168.5k $68.3m | Reduced -5.2k |
| Quantum Capital Management, LLC / NJ 7.91% of their portfolio | 165.9k $67.2m | Reduced -4.8k |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 164.7k $66.8m | Reduced -10.8k |
| AQR CAPITAL MANAGEMENT LLC 0.12% of their portfolio | 161.5k $65.5m | Added +3.3k |
| PRINCIPAL FINANCIAL GROUP INC 0.04% of their portfolio | 160.2k $64.9m | Reduced -4.1k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.09% of their portfolio | 158.2k $64.1m | Added +1.8k |
| Russell Investments Group, Ltd. 0.11% of their portfolio | 157.6k $63.9m | Added +38.5k |
| Swedbank AB 0.10% of their portfolio | 157.2k $63.7m | Reduced -975 |
| WELLS FARGO & COMPANY/MN 0.02% of their portfolio | 149.1k $60.4m | Added +11.8k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.23% of their portfolio | 143.6k $58.2m | Added +136.9k |
| BRIDGES INVESTMENT MANAGEMENT INC 1.82% of their portfolio | 135.3k $54.8m | Reduced -3.0k |
| STOREBRAND ASSET MANAGEMENT AS 0.19% of their portfolio | 129.1k $52.3m | Added +96.2k |
| LORD, ABBETT & CO. LLC 0.09% of their portfolio | 128.5k $52.1m | Reduced -433.7k |
| FIRST TRUST ADVISORS LP 0.06% of their portfolio | 126.6k $51.3m | Reduced -7.6k |
| STIFEL FINANCIAL CORP 0.06% of their portfolio | 125.5k $50.9m | Reduced -753 |
| ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio | 118.7k $48.1m | Reduced -23.3k |
| Mitsubishi UFJ Trust & Banking Corp 0.11% of their portfolio | 115.7k $46.9m | Added +4.1k |
| National Pension Service 0.06% of their portfolio | 115.0k $46.6m | Unchanged |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.03% of their portfolio | 114.6k $46.5m | Added +25.8k |
| WORLDQUANT MILLENNIUM ADVISORS LLC 0.64% of their portfolio | 113.1k $45.8m | Added +109.7k |
| TWO SIGMA INVESTMENTS, LP 0.11% of their portfolio | 112.0k $45.4m | Added +82.8k |
| Epoch Investment Partners, Inc. 0.21% of their portfolio | 111.4k $45.1m | Added +28.8k |
| PENSIOENFONDS RAIL & OV 2.57% of their portfolio | 110.0k $44.6m | Reduced -169 |
| Mirae Asset Global Investments Co., Ltd. 0.09% of their portfolio | 109.5k $44.4m | Reduced -587 |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.09% of their portfolio | 109.3k $44.3m | Reduced -6.2k |
| MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio | 108.7k $44.0m | Reduced -82.7k |
| Durable Capital Partners LP 0.34% of their portfolio | 107.0k $43.4m | Added +27.5k |
| STRS OHIO 0.18% of their portfolio | 106.2k $43.1m | Added +155 |
| CITIGROUP INC 0.06% of their portfolio | 106.0k $43.0m | Added +4.5k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.09% of their portfolio | 102.1k $41.4m | Reduced -2.3k |
| Corient Private Wealth LP 0.08% of their portfolio | 101.3k $41.0m | Reduced -4.3k |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.12% of their portfolio | 100.0k $40.5m | Reduced -12.0k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.07% of their portfolio | 98.0k $37.7m | Added +4.8k |
| NEUBERGER BERMAN GROUP LLC 0.03% of their portfolio | 97.5k $39.5m | Reduced -1.5k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.11% of their portfolio | 96.7k $39.2m | Added +7.0k |
| ProShare Advisors LLC 0.12% of their portfolio | 96.6k $39.2m | Reduced -17.7k |
| BANK OF NOVA SCOTIA 0.07% of their portfolio | 95.6k $38.7m | Added +27.1k |
| Markel Group Inc. 0.40% of their portfolio | 91.0k $36.9m | Added +11.5k |
| RENAISSANCE TECHNOLOGIES LLC 0.06% of their portfolio | 88.7k $36.0m | Added +57.6k |
| Employees Retirement System of Texas 0.41% of their portfolio | 87.0k $35.3m | Unchanged |
| NATIONAL BANK OF CANADA /FI/ 0.06% of their portfolio | 84.2k $33.5m | Added +38.7k |
| SIB LLC 17.08% of their portfolio | 82.6k $33.5m | Unchanged |