Clarkston Capital Partners Reduces Stake in Landstar System

Hedge fund lowers position in transportation company by 3.9% in Q3

Published on Mar. 9, 2026

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Clarkston Capital Partners LLC reduced its stake in Landstar System, Inc. (NASDAQ:LSTR) by 3.9% in the third quarter, according to a recent SEC filing. The hedge fund now owns approximately 188,175 shares, or 0.55% of the transportation company's stock, valued at $23.06 million.

Why it matters

Landstar System is a major player in the transportation and logistics industry, providing truckload brokerage, intermodal, and other freight services. Changes in ownership by large institutional investors like Clarkston Capital Partners can signal shifts in market sentiment or confidence around the company's performance and outlook.

The details

According to the filing, Clarkston Capital Partners sold 7,600 shares of Landstar System during the third quarter. The hedge fund now holds a total of 188,175 shares, down from 195,775 shares held previously. Landstar System's stock price has fluctuated in recent months, trading between $119 and $166 over the past 52 weeks.

  • Clarkston Capital Partners reduced its Landstar System stake in Q3 2025.

The players

Clarkston Capital Partners LLC

A hedge fund that manages over $5 billion in assets and has been an investor in Landstar System.

Landstar System, Inc.

A transportation and logistics company that provides truckload brokerage, intermodal, and other freight services.

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The takeaway

This filing indicates that one of Landstar System's larger institutional investors has reduced its position in the company, potentially signaling a shift in market sentiment around the stock. However, Clarkston Capital Partners still maintains a sizable stake, suggesting ongoing confidence in Landstar's long-term prospects.