Value investor Wallace Weitz's Weitz Investment Management has sold its entire stake in Old Dominion Freight Line (ODFL), valued at approximately $25.79 million. The position, which accounted for 1.8% of the firm's portfolio, was exited during the second quarter of 2026. This disclosure comes from a quarterly 13F filing with the SEC, which is a delayed look at a firm's holdings and does not reflect real-time trading activity.
The move to liquidate the 132,000-share position is notable for the Omaha-based investment firm, which is known for its long-term, low-turnover approach. While no specific reason was provided by the firm, the exit follows a period of strong performance for ODFL's stock. The freight company reported a 10.4% increase in revenue for the second quarter of 2026.