Rafferty Asset Management Boosts Stake in Old Dominion Freight Line

Investment firm increases holdings in transportation company by 12.4% in Q3

Published on Mar. 3, 2026

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Rafferty Asset Management LLC raised its stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 12.4% in the third quarter, according to a recent SEC filing. The firm now owns 106,610 shares of the transportation company's stock, worth approximately $15 million.

Why it matters

Old Dominion Freight Line is a major less-than-truckload (LTL) transportation provider in the U.S., and institutional investor activity in the company's stock can signal broader market trends and investor sentiment around the logistics industry.

The details

Rafferty Asset Management increased its position in Old Dominion Freight Line by adding 11,782 shares during the third quarter. The firm now owns about 0.05% of the company's outstanding stock. Old Dominion Freight Line is a North Carolina-based LTL carrier that has grown from a regional player into a national freight network over its nearly 90-year history.

  • Rafferty Asset Management disclosed the increased stake in a filing with the SEC on March 1, 2026.
  • The additional 11,782 shares were purchased during the third quarter of 2025.

The players

Rafferty Asset Management LLC

An investment management firm that oversees over $15 billion in assets.

Old Dominion Freight Line, Inc.

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

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The takeaway

Rafferty Asset Management's increased stake in Old Dominion Freight Line suggests continued institutional investor confidence in the transportation company's growth prospects, even as the broader logistics industry faces economic headwinds.