Capital Research Global Investors Amends ODFL Stake

TL;DR

**Capital Research Global Investors updated their ODFL stake, showing significant sole voting and dispositive power.**

AI Summary

Capital Research Global Investors, a Delaware-based investment firm, filed an amended SC 13G/A on February 9, 2024, disclosing their beneficial ownership in Old Dominion Freight Line, Inc. As of December 29, 2023, they hold sole voting power over 4,138,751 shares and sole dispositive power over 4,145,000 shares of Common Stock. This filing indicates a significant institutional stake, which can influence stock stability and investor confidence in Old Dominion Freight Line.

Why It Matters

This filing shows a major institutional investor's updated position, which can signal their confidence (or lack thereof) in Old Dominion Freight Line's future performance, potentially influencing other investors.

Risk Assessment

Risk Level: low — This is a routine update from a large institutional investor and does not inherently introduce new risks to the stock.

Analyst Insight

An investor should note that a major institutional player, Capital Research Global Investors, holds a substantial position in Old Dominion Freight Line, Inc., which can be a sign of long-term confidence, but should also monitor future filings for any significant changes in their holdings.

Key Numbers

• 4,138,751 — Shares with Sole Voting Power (held by Capital Research Global Investors in Old Dominion Freight Line, Inc.)
• 4,145,000 — Shares with Sole Dispositive Power (held by Capital Research Global Investors in Old Dominion Freight Line, Inc.)

Key Players & Entities

• Capital Research Global Investors (company) — the reporting person and institutional investor
• Old Dominion Freight Line, Inc. (company) — the subject company whose securities are being reported
• Delaware (company) — place of organization for Capital Research Global Investors
• December 29, 2023 (date) — date of event requiring the filing
• February 9, 2024 (date) — date the filing was made

Forward-Looking Statements

• Capital Research Global Investors will maintain a significant stake in Old Dominion Freight Line, Inc. for the foreseeable future. (Capital Research Global Investors) — medium confidence, target: December 29, 2024

FAQ

Filing Documents

• SEC13G_Filing.htm (SC 13G/A) — 16KB
• 0001422848-24-000078.txt ( ) — 18KB

From the Filing

SC 13G/A 1 SEC13G_Filing.htm SEC SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 8 ) * Old Dominion Freight Line, Inc. (Name of Issuer) Common Stock (Title of Class of Securities) 679580100 (CUSIP Number) December 29, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (the "Act") or otherwise subject to the liabilities of that section of the Act, but shall be subject to all other provisions of the Act (however, see the Notes.) CUSIP No. 679580100 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Capital Research Global Investors 95-1411037 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 4,138,751 6. SHARED VOTING POWER 0 7. SOLE DISPOSITIVE POWER 4,145,473 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,145,473 Beneficial ownership disclaimed pursuant to Rule 13d-4 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 3.8% 12. TYPE OF REPORTING PERSON IA Item 1. (a) Name of Issuer Old Dominion Freight Line, Inc. (b) Address of Issuer's Principal Executive Offices 500 Old Dominion Way, Thomasville, NC 27360 Item 2. (a) Name of Person Filing Capital Research Global Investors (b) Address of Principal Business Office or, if None, Residence 333 South Hope Street, 55th Fl, Los Angeles, CA 90071 (c) Citizenship N/A (d) Title of Class of Securities Common Stock (e) CUSIP Number 679580100 Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: (a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o). (b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c). (d) [ ] Investment Company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) [X] An investment adviser in accordance with Rule 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with Rule 240.13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with Rule 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(J). Item 4. Ownership. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount Beneficially Owned: 4,145,473 ** (b) Percent of Class: 3.8% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote 4,138,751 (ii) shared power to vote or to direct the vote 0 (iii) sole power to dispose or to direct the disposition of 4,145,473 (iv) shared power to dispose or to direct the disposition of 0 **Capital Research Global Investors ("CRGI") is a division of Capital Research and Management Company ("CRMC"), as well as its investment management subsidiaries and affiliates Capital Bank and Trust Company, Capital International, Inc., Capital International Limited, Capital International Sarl, Capital International K.K., Capital Group Private Client Services, Inc., and Capital Group Investment Management Private Limited (together with CRMC, the "investment management entities"). CRGI's divisions of each of the investment management entities collectively provide investment management services under the name "Capital Research Global Investors." CRGI is deemed to be the beneficial owner of 4,145,473 shares or 3.8% of the 109,113,654 shares believed to be outstanding. Item 5. Ownership of Five Percent or Less of Class. If this statement is being filed to report the fact that