The London Company Large Cap Strategy Increased its Stake in Old Dominion Freight Line (ODFL) on a Dip

The London Company, an investment management company, released “The London Company Large Cap Strategy” first quarter 2025 investor letter. A copy of the letter can be downloaded here. The US equities experienced a correction in the first quarter following two years of robust performance. The portfolio returned 2.4% (2.3%, net) during the quarter compared to a 4.5% increase for the Russell 1000 Index. In addition, you can check the fund’s top 5 holdings to determine its best picks for 2025.

In its first-quarter 2025 investor letter, The London Company Large Cap Strategy highlighted stocks such as Old Dominion Freight Line, Inc. (NASDAQ:ODFL). Old Dominion Freight Line, Inc. (NASDAQ:ODFL) is a less-than-truckload motor carrier that provides regional, inter-regional, and national less-than-truckload services, as well as expedited transportation. The one-month return of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) was 12.10%, and its shares lost 5.83% of their value over the last 52 weeks. On May 13, 2025, Old Dominion Freight Line, Inc. (NASDAQ:ODFL) stock closed at $171.34 per share with a market capitalization of $36.208 billion.

The London Company Large Cap Strategy stated the following regarding Old Dominion Freight Line, Inc. (NASDAQ:ODFL) in its Q1 2025 investor letter:

“Increased: Old Dominion Freight Line, Inc. (NASDAQ:ODFL) – We used excess cash to add to ODFL. The company has been under pressure due to the prolonged freight environment, but is positioned strongly for an eventual recovery. It is worth noting, the CFO purchased over $400K recently.”

Old Dominion Freight Line, Inc. (NASDAQ:ODFL) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 50 hedge fund portfolios held Old Dominion Freight Line, Inc. (NASDAQ:ODFL) at the end of the fourth quarter which was 38 in the previous quarter. In Q1 2025, Old Dominion Freight Line, Inc. (NASDAQ:ODFL) reported revenue of $1.37 billion, showing a 5.8% increase compared to Q1 2024. While we acknowledge the potential of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

In another article, we covered Old Dominion Freight Line, Inc. (NASDAQ:ODFL) and shared the list of best buy-the-dip stocks to buy. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.