Old Dominion Freight Line
ODFL
827 hedge funds and large institutions have $32.1B invested in Old Dominion Freight Line in 2023 Q3 according to their latest regulatory filings, with 109 funds opening new positions, 290 increasing their positions, 305 reducing their positions, and 60 closing their positions.
82% more first-time investments, than exits
New positions opened: 109 | Existing positions closed: 60
22% more funds holding in top 10
Funds holding in top 10: 9 → 11 (+2)
8% more capital invested
Capital invested by funds: $29.7B → $32.1B (+$2.4B)
5% more funds holding
Funds holding: 784 → 827 (+43)
5% less repeat investments, than reductions
Existing positions increased: 290 | Existing positions reduced: 305
5% less call options, than puts
Call options by funds: $318M | Put options by funds: $335M
2.88% less ownership
Funds ownership: 146.35% → 143.47% (-2.9%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIBC Private Wealth Group
Atlanta,
Georgia
|
+$272M |
| 2 |
JP Morgan Chase
New York
|
+$102M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$92.1M |
| 4 |
Millennium Management
New York
|
+$65.2M |
| 5 |
Balyasny Asset Management
Chicago,
Illinois
|
+$52.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$745M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$157M |
| 3 |
Capital Research Global Investors
Los Angeles,
California
|
-$128M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
-$65.6M |
| 5 |
Geode Capital Management
Boston,
Massachusetts
|
-$58.7M |
ODFL Hedge Fund Activity: Q3 2023 in Review
827 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in Old Dominion Freight Line (ODFL) for Q3 2023, worth a combined $32.1B — up 8.1% from $29.7B a quarter earlier.
Buyers outnumbered sellers: 109 funds opened new ODFL positions and 60 closed out — a net gain of 49 holders — while 290 added to existing stakes and 305 trimmed.
The largest buyer was CIBC Private Wealth Group, adding an estimated $272M. The largest seller was T. Rowe Price Associates, cutting an estimated $745M.
- 827 institutional investors held Old Dominion Freight Line (ODFL) as of Q3 2023, up from 784 in Q2 2023.
- Funds reported $32.1B of Old Dominion Freight Line stock for Q3 2023, up 8.1% quarter-over-quarter.
- 109 funds opened new Old Dominion Freight Line positions in Q3 2023 and 60 closed out, a net change of +49 holders.
- The largest Old Dominion Freight Line buyer in Q3 2023 was CIBC Private Wealth Group, an estimated $272M added.
- The largest Old Dominion Freight Line seller in Q3 2023 was T. Rowe Price Associates, an estimated $745M sold.
Based on aggregated 13F filings for Q3 2023.