Mitsubishi UFJ Asset Management Boosts Stake in Old Dominion Freight Line

The institutional investor added 20,585 shares to its position in the transportation company.

Mar. 3, 2026 at 12:55am

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Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 5.5% in the third quarter, according to a recent 13F filing with the Securities and Exchange Commission. The institutional investor now owns 396,862 shares of the transportation company's stock, valued at approximately $55.87 million.

Why it matters

Old Dominion Freight Line is a major less-than-truckload (LTL) transportation provider in the United States. Institutional investors like Mitsubishi UFJ closely monitor and adjust their positions in the company, which can signal broader market trends and investor sentiment around the stock.

The details

According to the 13F filing, Mitsubishi UFJ Asset Management acquired an additional 20,585 shares of Old Dominion Freight Line during the third quarter. This increased the firm's total position in the company to 396,862 shares, or approximately 0.19% of the company's outstanding stock.

  • The 13F filing covers Mitsubishi UFJ Asset Management's holdings as of the end of the third quarter.

The players

Mitsubishi UFJ Asset Management Co. Ltd.

An institutional investment management firm and a subsidiary of Mitsubishi UFJ Financial Group, one of the largest financial institutions in the world.

Old Dominion Freight Line, Inc.

A major less-than-truckload (LTL) transportation and logistics company based in Thomasville, North Carolina.

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The takeaway

Mitsubishi UFJ Asset Management's increased stake in Old Dominion Freight Line suggests the institutional investor sees continued growth potential in the transportation company, which has been performing well despite broader economic challenges.