What smart money is saying about FedEx Freight
5 funds in our archive have pitched FedEx Freight, most recently ClearBridge Investments Value Strategy in September 2026.
FedEx Corporation is a prominent global entity that delivers an extensive array of services encompassing transportation, e-commerce solutions, and diverse business support, catering to clients both within the United States and across international borders. Its operational structure is divided into several key segments: The FedEx Express division specializes in expedited shipping, offering rapid package and freight delivery, crucial time-sensitive logistics, and comprehensive cross-border, technological, and e-commerce transportation services. FedEx Ground focuses on reliable, scheduled delivery services for both commercial clients and individual households. The FedEx Freight unit manages less-than-truckload (LTL) cargo shipments, supported by a significant infrastructure that, as of May 31, 2022, included approximately 30,000 vehicles and 400 service centers. FedEx Services provides essential internal support functions across the company, such as sales, marketing, information technology, communications, customer and technical assistance, billing, collections, and other vital administrative operations. Finally, the Corporate, Other, and Eliminations segment broadens FedEx's offerings to include integrated supply chain management, specialized transportation, customs brokerage, global ocean and air freight forwarding, document and business services, and convenient retail access points for its package delivery operations. Established in 1971, FedEx Corporation maintains its headquarters in Memphis, Tennessee.
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Fund signal · last 12 months
9 lettersToo few moves on FedEx Freight yet for a clear signal
Moves described in fund letters in our archive. A sentence published word for word by several funds of one house in the same quarter counts once.
Position history
Between Q3 2025 and Q3 2026, 9 fund letters reported a position in FedEx Freight, with 4 sells (trimmed or exited).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 1 | 0 | 0 | 1 |
| Q2 2026 | 5 | 0 | 3 | 2 |
| Q1 2026 | 2 | 0 | 1 | 0 |
| Q4 2025 | 1 | 0 | 0 | 0 |
| Q3 2025 | 0 | 0 | 0 | 2 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 9 positions · 4 moves
- September 2026
“A number of the portfolio’s transport positions – including FedEx, Delta, and Uber – declined in response to higher input prices (e.g. diesel).”
FedEx Freight - June 2026
“During the quarter, we sold the portfolio’s position in Federal Express.”
FedEx Freight - ExitedMatthew 25 FundJune 2026
Listed in Matthew 25 Fund’s reported holdings.
FedEx Freight - June 2026
“Other top contributors included Texas Instruments and FedEx.”
FedEx Freight - June 2026
“Portfolio Activity During the quarter, we purchased one new position in the portfolio. The new position is a healthcare company we know well and have made money owning previously. We look forward to discussing our case in more detail later. We exited our positions in Delivery Hero, as discussed above, and Menicon, which was a smaller position that had approached fair value. We also sold the small position in FedEx Freight that we received, as its price was above our appraisal.”
FedEx Freight - June 2026
“FedEx – Global logistics company FedEx was a contributor for the quarter.”
FedEx Freight - ExitedThe Davenport FundsMarch 2026
“We exited FedEx Corp (FDX) into what could be “good as it gets” conditions – the company is growing both volumes and pricing for the first time in years, all while enthusiasm for the spin-off of its Freight business is rising.”
FedEx Freight - HoldsAriel GlobalMarch 2026
“FedEx Corporation, a global leader in package delivery, also contributed to performance this quarter, following a well- received investor day in February.”
FedEx Freight - HoldsDavenportDecember 2025
“Several financial holdings were among the Fund’s best quarterly performers, led by Citigroup Inc. (C) at +16%. Banks tend to “borrow short and lend long,” and therefore stand to benefit from lower short-term interest rates that lead to a steeper yield curve. As strong as the banks were, parcel delivery companies were even stronger, with FedEx Corp (FDX) at +23% pacing the Fund for the quarter.”
FedEx Freight
Also mentioned · 3
These funds discuss FedEx Freight as a competitor, benchmark or comparable, without disclosing a position in it.
- MentionedDeep Sail Capital Partners LPSeptember 2026
“Customers include Boeing, Lockheed Martin, Pilatus, Textron, FedEx, American Airlines, Amazon-related operators, a Japanese eVTOL company, the U.S. government and numerous foreign military and commercial customers.”
FedEx Freight - MentionedScharf Investments Quality Value StrategyJune 2026
“This list of S&P companies includes Hewlett Packard, FedEx, General Mills, and Lowes, among others.”
FedEx Freight - MentionedPolen Capital International GrowthJune 2026
“However, following the announcement of the recommended all - cash acquisition by a consortium that includes FedEx, Advent, and existing shareholders, we believed much of the company's near -term upside had become reflected in the offer price.”
FedEx Freight
Fund coverage · 5 theses
- ClearBridge Investments Value StrategySeptember 2026
FedEx Freight is viewed as benefiting from an LTL upcycle and improved execution that should expand margins and cash flow.
Read the full thesis - Diamond Hill Large Cap FundJune 2026
FedEx Freight is the largest LTL carrier and should improve margins through focused execution in a concentrated industry.
Read the full thesis - Longleaf Partners FundJune 2026
FedEx is becoming a higher-return logistics business with better cash conversion, lower costs, and undervalued free cash flow potential.
Read the full thesis - Diamond Hill Large Cap FundSeptember 2025
FedEx is poised for improved profitability through cost cuts and a strategic spinoff of its LTL business, presenting an attractive long-term investment opportunity despite recent challenges.
Read the full thesis - Ariel Global FundSeptember 2025
FedEx Corporation is a global leader in package delivery poised for growth through cost efficiencies, a spin-off of FedEx Freight by June 2026, and potential operational improvements, despite some macroeconomic risks.
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