Assenagon Asset Management Sells Stake in Old Dominion Freight Line

Institutional investor reduces holdings in transportation company by over 57%

Mar. 27, 2026 at 7:22am

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Assenagon Asset Management S.A. lowered its holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 57.4% during the fourth quarter, according to the company's recent Form 13F filing with the SEC. The institutional investor owned 108,014 shares of the transportation company's stock after selling 145,464 shares.

Why it matters

Old Dominion Freight Line is a major less-than-truckload (LTL) transportation provider in the U.S., so changes in institutional ownership of the company's stock can signal shifts in investor sentiment around the industry and the company's performance.

The details

Assenagon Asset Management sold off a significant portion of its stake in Old Dominion Freight Line during the fourth quarter. The institutional investor now owns about 0.05% of the company's outstanding shares, down from a previous holding of 0.12%.

  • Assenagon Asset Management filed its Form 13F for the fourth quarter of 2025 on March 27, 2026.

The players

Assenagon Asset Management S.A.

An institutional investor that manages assets for clients.

Old Dominion Freight Line, Inc.

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

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The takeaway

This reduction in institutional ownership of Old Dominion Freight Line shares could signal some investor concerns about the company's outlook, though the overall stock remains widely held by institutional investors.