Old Dominion Freight Line
ODFL
790 hedge funds and large institutions have $27.3B invested in Old Dominion Freight Line in 2023 Q1 according to their latest regulatory filings, with 97 funds opening new positions, 277 increasing their positions, 307 reducing their positions, and 53 closing their positions.
83% more first-time investments, than exits
New positions opened: 97 | Existing positions closed: 53
43% more funds holding in top 10
Funds holding in top 10: 7 → 10 (+3)
18% more capital invested
Capital invested by funds: $23.1B → $27.3B (+$4.16B)
4% more funds holding
Funds holding: 762 → 790 (+28)
10% less repeat investments, than reductions
Existing positions increased: 277 | Existing positions reduced: 307
1.25% less ownership
Funds ownership: 148.45% → 147.2% (-1.3%)
37% less call options, than puts
Call options by funds: $195M | Put options by funds: $310M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of New York Mellon
New York
|
+$142M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$84M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$69.6M |
| 4 |
Renaissance Technologies
New York
|
+$49.5M |
| 5 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$49.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$312M |
| 2 |
Capital Research Global Investors
Los Angeles,
California
|
-$221M |
| 3 |
California Public Employees Retirement System
Sacramento,
California
|
-$66.6M |
| 4 |
Millennium Management
New York
|
-$62.7M |
| 5 |
N
Natixis
Paris,
France
|
-$45.5M |
ODFL Hedge Fund Activity: Q1 2023 in Review
790 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Old Dominion Freight Line (ODFL) for Q1 2023, worth a combined $27.3B — up 18% from $23.1B a quarter earlier.
Buyers outnumbered sellers: 97 funds opened new ODFL positions and 53 closed out — a net gain of 44 holders — while 277 added to existing stakes and 307 trimmed.
The largest buyer was Bank of New York Mellon, adding an estimated $142M. The largest seller was T. Rowe Price Associates, cutting an estimated $312M.
- 790 institutional investors held Old Dominion Freight Line (ODFL) as of Q1 2023, up from 762 in Q4 2022.
- Funds reported $27.3B of Old Dominion Freight Line stock for Q1 2023, up 18% quarter-over-quarter.
- 97 funds opened new Old Dominion Freight Line positions in Q1 2023 and 53 closed out, a net change of +44 holders.
- The largest Old Dominion Freight Line buyer in Q1 2023 was Bank of New York Mellon, an estimated $142M added.
- The largest Old Dominion Freight Line seller in Q1 2023 was T. Rowe Price Associates, an estimated $312M sold.
Based on aggregated 13F filings for Q1 2023.