What smart money is saying about Old Dominion Freight Line
5 funds in our archive have pitched Old Dominion Freight Line, most recently Wedgewood Partners U.S. Large Cap Growth Strategy in September 2026.
Old Dominion Freight Line, Inc. (ODFL) serves as a prominent less-than-truckload (LTL) freight carrier operating across the United States and North America. The company's offerings include LTL shipping solutions at regional, inter-regional, and national levels, often featuring expedited delivery options. Furthermore, ODFL provides a variety of supplementary services, such as container drayage, truckload brokerage, and supply chain consultancy. As of December 31, 2021, its extensive infrastructure comprised 10,403 tractors, 27,917 linehaul trailers, and 13,303 pickup and delivery trailers, supported by 3 fleet maintenance centers and 251 service facilities. Founded in 1934, Old Dominion Freight Line, Inc. has its corporate headquarters situated in Thomasville, North Carolina.
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Fund signal · last 12 months
9 lettersToo few moves on Old Dominion Freight Line 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 Q4 2024 and Q3 2026, 9 fund letters reported a position in Old Dominion Freight Line, with 4 sells (trimmed or exited).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 3 | 0 | 0 | 1 |
| Q2 2026 | 4 | 0 | 3 | 0 |
| Q1 2026 | 2 | 0 | 1 | 0 |
| Q4 2025 | 0 | 0 | 0 | 1 |
| Q3 2025 | 0 | 0 | 0 | 1 |
| Q2 2025 | 0 | 0 | 0 | 1 |
| Q4 2024 | 0 | 0 | 0 | 1 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 9 positions · 5 moves
- September 2026
“What is eternal are things like people wanting to be entertained (e.g., Disney, Nintendo, Spotify), not wanting to waste time (e.g., Howdens, Ferguson, Copart), and wanting to do business with reliable and trustworthy partners (e.g., Markel, Hingham Institution for Savings, Old Dominion Freight Line). I believe each of our holdings, to varying degrees, serves eternal needs and delights its customers.”
Old Dominion Freight Line - September 2026
“Old Dominion detracted from portfolio performance in the 3rd quarter despite reporting 10% revenue growth and 32% earnings-per-share growth.”
Old Dominion Freight Line - September 2026
“Top 3 Detractors from Relative Performance Entegris, Inc. (ENTG) – ENTG declined as semiconductor stocks pulled back after a very large run, despite a strong quarter with accelerating customer spending. We remain attracted to ENTG’s competitive position, high barriers to entry, and rising free cash flow as its investment cycle winds down. Old Dominion Freight Line, Inc. (ODFL) – ODFL declined alongside other trucking stocks even as results improved on firmer pricing and better sequential volumes.”
Old Dominion Freight Line - June 2026
“Similarly, we trimmed our positions in Old Dominion Freight Line, Deere & Company, and Applied Materials.”
Old Dominion Freight Line - June 2026
“On the other side of the ledger, we sold our holdings of Old Dominion Freight Line as shares approached our base case business value.”
Old Dominion Freight Line - June 2026
“We sold the Fund’s profitable investment in Old Dominion Freight Line when the stock traded above our business value estimate.”
Old Dominion Freight Line - June 2026
“Trading Activity 2Q During the quarter we added to the Fund’s positions in Danaher, Thermo Fisher Scientific, and Martin Marietta Materials at prices we think offer substantial upside with favorable risk profiles. We trimmed the Fund’s holdings of Analog Devices, Texas Instruments, and Alphabet at substantial gains to help manage position sizes after significant rallies in their stocks. We also pruned the Fund’s position in top holding Berkshire Hathaway as part of our ongoing strategic effort to broaden the portfolio’s equity exposure. We sold the Fund’s profitable investment in Old Dominion Freight Line when the stock traded above our business value estimate.”
Old Dominion Freight Line - March 2026
“The additions were funded by the sales of UnitedHealth, Domino’s Pizza, Carrier and Old Dominion Freight Line, which all faced lower dividend growth predictions.”
Old Dominion Freight Line - HoldsKNA CapitalFebruary 2026
“In February, the Core Equity strategy (“Strategy”) gained 1.2%. Over the same period, the S&P 500 (as measured by the SPY ETF, a commonly used proxy for large-cap U.S. equities), declined 0.9%. Over the trailing twelve months (February 2025 – February 2026), the Strategy gained 14.3% versus the S&P 500 up 16.8%. All Strategy performance is net of fees. Old Dominion Freight Lines, Halma, and Ecolab were notable positive contributors to the month’s performance, while Medpace, Wise, and Morningstar detracted from performance.”
Old Dominion Freight Line
Fund coverage · 5 theses
- Wedgewood Partners U.S. Large Cap Growth StrategySeptember 2026
Old Dominion Freight Line is the best operator in LTL, benefiting from capacity rationalization and potential double-digit earnings growth.
Read the full thesis - Wedgewood PartnersDecember 2025
Old Dominion Freight Line is a best-in-class LTL carrier expected to gain profit share through superior capacity and cost management across cycles.
Read the full thesis - The London Company Large CapSeptember 2025
Old Dominion Freight Line, Inc. is well-positioned to outperform in a recovering industrial economy despite current declining volume trends and challenges in the trucking sector.
Read the full thesis - Bell Global Emerging Companies FundJune 2025
Old Dominion Freight Line is a high-quality LTL carrier with strong long-term growth potential, consistently delivering high returns and gaining market share despite recent challenges.
Read the full thesis - ConestogaDecember 2024
Old Dominion Freight Line, Inc. is a leading less-than-truckload carrier in the U.S. with strong competitive advantages, poised to regain market share as the freight industry recovers from a recession.
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