The London Company, an investment management company, released “The London Company Large Cap Strategy” third-quarter 2025 investor letter. A copy of the letter can be downloaded here. US equities continued their rally in the third quarter, driven by the Fed rate cut, solid corporate earnings, and enthusiasm around AI. The economy retained most of its momentum from the second quarter, even though the economic data released during the third quarter was mixed. The portfolio returned 6.3% (6.2%, net) during the quarter compared to an 8.0% gain 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 third-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 -2.72%, and its shares lost 33.57% of their value over the last 52 weeks. On November 3, 2025, Old Dominion Freight Line, Inc. (NASDAQ:ODFL) stock closed at $137.51 per share, with a market capitalization of $28.9 billion.
The London Company Large Cap Strategy stated the following regarding Old Dominion Freight Line, Inc. (NASDAQ:ODFL) in its third quarter 2025 investor letter:
“Old Dominion Freight Line, Inc. (NASDAQ:ODFL) – Trucking stocks in general, and ODFL specifically, have had challenging performance during the quarter due to the lingering softness in the industrial economy. ODFL continues to report declining volume trends as the “boom and bust” nature of post-COVID normalization is playing out. We believe that the industry is bumping along the bottom, and that even the slightest strengthening in trends will result in outperformance for the group and for ODFL. We like ODFL’s strong position in the industry, the superior returns that its business model generates, and management’s adeptness at capital allocation.”
Old Dominion Freight Line, Inc. (NASDAQ:ODFL) is not on our list of 30 Most Popular Stocks Among Hedge Funds. According to our database, 51 hedge fund portfolios held Old Dominion Freight Line, Inc. (NASDAQ:ODFL) at the end of the second quarter, up from 33 in the previous quarter. In the third quarter of 2025, Old Dominion Freight Line, Inc. (NASDAQ:ODFL) reported revenue of $1.41 billion, a 4.3% decline from the previous year. While we acknowledge the potential of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
