- Today
- Holidays
- Birthdays
- Reminders
- Cities
- Atlanta
- Austin
- Baltimore
- Berwyn
- Beverly Hills
- Birmingham
- Boston
- Brooklyn
- Buffalo
- Charlotte
- Chicago
- Cincinnati
- Cleveland
- Columbus
- Dallas
- Denver
- Detroit
- Fort Worth
- Houston
- Indianapolis
- Knoxville
- Las Vegas
- Los Angeles
- Louisville
- Madison
- Memphis
- Miami
- Milwaukee
- Minneapolis
- Nashville
- New Orleans
- New York
- Omaha
- Orlando
- Philadelphia
- Phoenix
- Pittsburgh
- Portland
- Raleigh
- Richmond
- Rutherford
- Sacramento
- Salt Lake City
- San Antonio
- San Diego
- San Francisco
- San Jose
- Seattle
- Tampa
- Tucson
- Washington
Thomasville Today
By the People, for the People
Erste Asset Management Reduces Stake in Old Dominion Freight Line
The investment firm decreased its holdings in the transportation company by over 50% in the third quarter.
Mar. 3, 2026 at 12:23am
Got story updates? Submit your updates here. ›
Erste Asset Management GmbH reduced its stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 52.6% in the third quarter, according to the company's latest SEC filing. The firm now owns 16,240 shares of the transportation company's stock, valued at $2.29 million as of the filing.
Why it matters
Old Dominion Freight Line is a major less-than-truckload (LTL) transportation provider in the United States. The company's stock performance and institutional investor activity are closely watched as indicators of the broader freight and logistics industry.
The details
Erste Asset Management sold 18,000 shares of Old Dominion Freight Line during the third quarter, reducing its total holdings to 16,240 shares. The firm cited portfolio rebalancing as the reason for the decreased stake. Other institutional investors, including Mitsubishi UFJ Asset Management and TD Asset Management, made changes to their ODFL positions during the same period.
- Erste Asset Management filed its Q3 2026 13F report on March 1, 2026, disclosing the reduced stake in Old Dominion Freight Line.
The players
Erste Asset Management GmbH
An investment management firm based in Austria that oversees a portfolio of global equities and fixed-income assets.
Old Dominion Freight Line, Inc.
A U.S.-based less-than-truckload (LTL) transportation company that provides regional, inter-regional and national freight services.
The takeaway
The reduction in Erste Asset Management's stake in Old Dominion Freight Line reflects broader portfolio adjustments by institutional investors, rather than any specific concerns about the transportation company's performance or outlook. ODFL's stock continues to be closely watched as a bellwether for the freight and logistics industry.
