FedEx Freight Spin-Off Progresses as Tariff Refunds Boost Sentiment

Matthew 25 Management Corp reduces FedEx stake amid strategic changes and refund uncertainty

Mar. 8, 2026 at 12:34pm

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Matthew 25 Management Corp decreased its holdings in FedEx Corporation (NYSE:FDX) by 51.1% in the 3rd quarter, according to the company's recent 13F filing. The fund now owns 22,000 shares of the shipping service provider's stock, worth $5.19 million. This comes as FedEx navigates a planned FedEx Freight spin-off and uncertainty around potential tariff refunds.

Why it matters

FedEx's strategic moves, including the planned FedEx Freight separation, and the potential impact of tariff refunds have created a mixed sentiment environment for investors. The reduced stake by Matthew 25 Management Corp reflects the cautious positioning some investors are taking as FedEx works through these changes.

The details

Matthew 25 Management Corp sold 23,000 FedEx shares in the 3rd quarter, reducing its total stake to 22,000 shares worth $5.19 million. This follows FedEx's announcement of plans to spin off its FedEx Freight division, a move that has introduced timing and financing variables that investors are digesting. Additionally, uncertainty around the execution and impact of potential tariff refunds has weighed on sentiment, with markets debating whether the refunds will materially benefit FedEx, which has said any refunds would be returned to shippers.

  • Matthew 25 Management Corp reduced its FedEx stake in the 3rd quarter of 2026.
  • FedEx announced plans to spin off its FedEx Freight division in 2026.

The players

Matthew 25 Management Corp

An investment management firm that decreased its holdings in FedEx Corporation by 51.1% in the 3rd quarter of 2026.

FedEx Corporation

A global logistics and courier company headquartered in Memphis, Tennessee that is progressing with a planned spin-off of its FedEx Freight division.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

The takeaway

FedEx's strategic moves and the potential impact of tariff refunds have created a mixed sentiment environment for investors, as reflected in Matthew 25 Management Corp's reduced stake in the company. The planned FedEx Freight spin-off and the uncertainty around tariff refunds will continue to be closely watched by the market.