Royce & Associates Reduces Stake in Saia, Inc.

Investment firm lowers holdings in transportation company by 20% in Q3

Published on Mar. 6, 2026

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Royce & Associates LP, an investment management firm, lowered its holdings in shares of Saia, Inc. (NASDAQ:SAIA) by 20.0% in the third quarter, according to a recent 13F filing with the Securities & Exchange Commission. The fund now owns 11,731 shares of the transportation company's stock, valued at $3,512,000 as of the filing.

Why it matters

Saia is a leading less-than-truckload (LTL) freight transportation provider in North America, so changes in major institutional investors' holdings can signal shifts in market sentiment around the company's performance and outlook.

The details

According to the 13F filing, Royce & Associates sold 2,930 shares of Saia during the third quarter. The firm now holds 11,731 shares of the transportation company's stock. Saia's share price has seen significant volatility over the past year, reaching a high of $430.11 and a low of $229.12.

  • Royce & Associates lowered its Saia holdings in Q3 2025.

The players

Royce & Associates LP

An investment management firm that focuses on small-cap and mid-cap stocks.

Saia, Inc.

A leading less-than-truckload (LTL) freight transportation provider in North America.

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The takeaway

The reduction in Royce & Associates' Saia holdings could signal broader market concerns about the transportation company's near-term performance, though Saia's stock has seen significant price swings over the past year. Investors will be watching to see if other major institutional investors follow suit or if Royce & Associates increases its position again in the future.