LSTR Landstar System, Inc. - Common Stock

NASDAQ · Road & Rail · View on SEC EDGAR ↗
$191.30
Price · Aug 18, 2026
Fundamentals as of Jul 29, 2026

About Landstar System, Inc. - Common Stock Company overview from Wikipedia

Landstar System, Inc. is an American transportation services company specializing in logistics and, more specifically, third-party logistics. Landstar utilizes an extensive network of over 8,800 independent owner-operators, referred to internally as business capacity owners (BCOs), over 1,000 independent freight agents, and over 70,000 vetted carriers. Landstar provides services principally throughout the United States and to a lesser extent in Canada and between the U.S. and Canada, Mexico, and other countries around the world.

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Landstar System, Inc. is an American transportation services company specializing in logistics and, more specifically, third-party logistics. Landstar utilizes an extensive network of over 8,800 independent owner-operators, referred to internally as business capacity owners (BCOs), over 1,000 independent freight agents, and over 70,000 vetted carriers. Landstar provides services principally throughout the United States and to a lesser extent in Canada and between the U.S. and Canada, Mexico, and other countries around the world.

History

Landstar has been in business since 1968 and was incorporated in 1991.

In January 2014, Landstar sold its National Logistics Management (NLM) subsidiary to XPO, Inc. for $87m. Using proprietary web-based software to provide management services for customers and carriers, NLM became the largest web-based expediter in North America.

In January 2017, Landstar opened its Landstar U.S./Mexico Logistics Service Center in Laredo, Texas.

Operations

Landstar System is based in Jacksonville, Florida. The company includes over 8,800 owner-operators in the United States, Canada and Mexico. The business capacity operators (BCOs) are not forced to dispatch like traditional trucking companies. Rather, they can choose their own loads. Landstar has agents in the United States and Canada.

Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗

Wikidata ↗

LSTR Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$191.30
Market Cap
P/E (TTM)
44.1
EPS (TTM)
$3.31
Revenue (TTM)
$4.74B
Div Yield
ROE
13.0%
Debt/Equity
52W Range
$119 – $228

LSTR Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $4.74B
10-point trend, +49.8%
2016-12-31 2025-12-27
EPS $3.31
10-point trend, +1.8%
2016-12-31 2025-12-27
Free Cash Flow $215M
10-point trend, +28.3%
2016-12-31 2025-12-27
Margins 2.4%

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric
5Y trend
LSTR
Peer Median
P/E (TTM)
5-point trend, +155.6%
44.1
53.3

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
LSTR
Peer Median
Operating Margin
5-point trend, -58.6%
3.2%
Net Profit Margin
5-point trend, -58.6%
2.4%
1.7%
ROA
5-point trend, -67.7%
6.7%
2.3%
ROE
5-point trend, -73.5%
13.0%
4.0%
ROIC
5-point trend, -67.4%
14.5%

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
LSTR
Peer Median
Current Ratio
5-point trend, +15.9%
1.7
1.5
Quick Ratio
5-point trend, +15.9%
1.6

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
LSTR
Peer Median
Revenue YoY
5-point trend, -27.4%
-1.6%
Revenue CAGR 3Y
5-point trend, -27.4%
-13.9%
Revenue CAGR 5Y
5-point trend, -27.4%
2.8%
EPS YoY
5-point trend, -66.8%
-39.9%
Net Income YoY
5-point trend, -69.9%
-41.3%

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
LSTR
Peer Median
EPS (Diluted)
5-point trend, -66.8%
$3.31

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
LSTR
Peer Median
Payout Ratio
5-point trend, +269.6%
108.5%

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield
Payout Ratio
108.5%
5Y Div CAGR
Ex-dateAmount
May 19, 2026$0.4000
Feb. 18, 2026$0.4000
Jan. 6, 2026$2.0000
Nov. 18, 2025$0.4000
Aug. 19, 2025$0.4000
June 5, 2025$0.4000
Feb. 18, 2025$0.3600
Jan. 7, 2025$2.0000
Nov. 19, 2024$0.3600
Aug. 20, 2024$0.3600
May 7, 2024$0.3300
Feb. 9, 2024$0.3300
Jan. 2, 2024$2.0000
Nov. 6, 2023$0.3300
Aug. 9, 2023$0.3300
May 3, 2023$0.3000
Feb. 10, 2023$0.3000
Jan. 5, 2023$2.0000
Nov. 7, 2022$0.3000
Aug. 5, 2022$0.3000

LSTR Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

HOLD 24 analysts
  • Strong Buy 4 16.7%
  • Buy 4 16.7%
  • Hold 14 58.3%
  • Sell 2 8.3%
  • Strong Sell 0 0.0%

12-Month Price Target

16 analysts · 2026-08-13
Median target $193.00 +0.9%
Mean target $196.12 +2.5%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise
-0.13%
Period EPS Actual EPS Est Surprise
June 30, 2026 $1.44 $1.51 -0.07%
March 31, 2026 $1.16 $1.15 0.01%
Dec. 31, 2025 $0.70 $1.25 -0.55%
Sept. 30, 2025 $1.22 $1.23 -0.01%
June 30, 2025 $1.20 $1.22 -0.02%
March 31, 2025 $0.85 $1.00 -0.15%

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
LSTR 44.1 -1.6% 2.4% 13.0%
FDXF $23.98B 36.6 -1.1% 7.4% 69.1%
UHAL 3.6% 1.4% 1.1%
KNX $8.49B 127.5 0.80% 0.88% 0.93%
SAIA $8.70B 34.3 0.79% 7.9% 10.2%
R $7.54B 16.0 0.23% 3.9% 16.3%
SNDR 45.0 7.2% 1.8% 3.4%
RXO $2.07B -21.4 26.2% -1.7% -6.4%
ARCB 28.3 -4.0% 1.5% 4.6%
WERN $1.80B -125.0 -1.8% -0.48% -1.0%
MRTN $928M 54.2 -8.3% 2.0% 2.3%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 14
Annual Income Statement data for LSTR
Metric Trend 202520242023202220212020201920182017201620152014
Revenue 12-point trend, +49.0% $4.74B $4.82B $5.30B $7.44B $6.54B $4.13B $4.08B $4.62B $3.65B $3.17B $3.32B $3.18B
SG&A Expense 12-point trend, +53.4% $231M $218M $212M $221M $221M $168M $159M $188M $171M $143M $150M $150M
Operating Expenses 12-point trend, +55.5% $4.61B $4.59B $4.97B $6.87B $6.03B $3.88B $3.79B $4.29B $3.40B $2.95B $3.08B $2.96B
Operating Income 12-point trend, -32.4% $152M $249M $344M $571M $506M $253M $299M $332M $244M $223M $242M $224M
Interest Expense 4-point trend, +23.6% $6M $4M $4M $5M · · · · · · · ·
Interest Income 12-point trend, +890.9% $14M $15M $10M $3M $3M $3M $5M $4M $2M $2M $1M $1M
Pretax Income 12-point trend, -31.9% $151M $254M $348M $567M $502M $249M $296M $328M $241M $219M $239M $221M
Income Tax 12-point trend, -56.8% $36M $58M $84M $137M $120M $57M $68M $73M $64M $82M $91M $82M
Net Income 12-point trend, -17.1% $115M $196M $264M $431M $382M $192M $228M $255M $177M $137M $148M $139M
EPS (Basic) 12-point trend, +7.1% $3.31 $5.51 $7.36 $11.76 $9.98 $4.98 $5.72 $6.19 $4.22 $3.26 $3.38 $3.09
EPS (Diluted) 12-point trend, +7.8% $3.31 $5.51 $7.36 $11.76 $9.98 $4.98 $5.72 $6.18 $4.21 $3.25 $3.37 $3.07
Shares (Basic) 12-point trend, -22.8% 34,717,000 35,538,000 35,920,000 36,633,000 38,235,000 38,602,000 39,786,000 41,273,000 41,938,000 42,112,000 43,664,000 44,956,000
Shares (Diluted) 12-point trend, -23.1% 34,717,000 35,538,000 35,920,000 36,633,000 38,235,000 38,602,000 39,786,000 41,310,000 42,024,000 42,236,000 43,813,000 45,169,000
EBITDA 12-point trend, -32.4% $152M $249M $344M $571M $506M $253M $299M $332M $244M $223M $242M $224M
Balance Sheet 22
Annual Balance Sheet data for LSTR
Metric Trend 202520242023202220212020201920182017201620152014
Cash & Equivalents 12-point trend, +142.0% $397M $515M $481M $340M $216M $249M $320M $200M $242M $179M $115M $164M
Short-term Investments 12-point trend, +50.1% $56M $52M $60M $54M $36M $41M $33M $40M $49M $67M $49M $37M
Receivables 12-point trend, +36.0% $670M $684M $744M $968M $1.15B $764M $589M $692M $631M $463M $463M $493M
Other Current Assets 12-point trend, +22.6% $29M $22M $25M $22M $16M $19M $21M $16M $14M $10M $12M $24M
Current Assets 12-point trend, +66.1% $1.22B $1.32B $1.35B $1.44B $1.52B $1.21B $998M $971M $961M $737M $656M $732M
PP&E (Net) 12-point trend, +29.2% $261M $311M $284M $315M $317M $297M $286M $284M $276M $273M $226M $202M
PP&E (Gross) 12-point trend, +102.5% $735M $768M $721M $708M $661M $596M $567M $534M $495M $463M $409M $363M
Accum. Depreciation 12-point trend, +194.8% $474M $457M $437M $393M $344M $299M $281M $250M $219M $190M $183M $161M
Goodwill 12-point trend, +9.2% $34M $41M $42M $41M $41M $41M $39M $38M $39M $31M $31M $31M
Other Non-current Assets 12-point trend, +58.2% $124M $141M $123M $136M $164M $108M $105M $87M $76M $55M $78M $79M
Total Assets 12-point trend, +57.7% $1.64B $1.81B $1.80B $1.93B $2.05B $1.65B $1.43B $1.38B $1.35B $1.10B $992M $1.04B
Accounts Payable 12-point trend, +67.9% $370M $384M $396M $527M $604M $381M $272M $314M $285M $219M $224M $220M
Current Liabilities 12-point trend, +69.5% $696M $673M $675M $878M $1.01B $806M $553M $536M $549M $380M $370M $410M
Capital Leases 9-point trend, -99.6% $326.0K $542.0K $863.0K $1M · · · $85M $83M $93M $82M $76M
Other Non-current Liabilities · · · · · · · · · · · $47M
Long-term Debt Flat — no change across 12 periods $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Common Stock 12-point trend, +1.9% $686.0K $686.0K $685.0K $684.0K $682.0K $682.0K $681.0K $679.0K $677.0K $676.0K $674.0K $673.0K
Retained Earnings 12-point trend, +127.2% $2.85B $2.86B $2.78B $2.64B $2.32B $2.05B $1.96B $1.84B $1.61B $1.51B $1.39B $1.26B
Treasury Stock 12-point trend, +142.1% $2.31B $2.13B $2.05B $1.99B $1.71B $1.58B $1.47B $1.38B $1.17B $1.17B $1.12B $956M
AOCI 12-point trend, -382.0% $-6M $-12M $-7M $-15M $-5M $-2M $-2M $-6M $-3M $-3M $-3M $-1M
Stockholders' Equity 12-point trend, +63.0% $796M $972M $984M $887M $862M $692M $721M $687M $651M $543M $466M $488M
Liabilities + Equity 12-point trend, +56.7% $1.64B $1.81B $1.80B $1.93B $2.05B $1.65B $1.43B $1.38B $1.35B $1.10B $992M $1.04B
Cash Flow 14
Annual Cash Flow data for LSTR
Metric Trend 202520242023202220212020201920182017201620152014
D&A 12-point trend, +68.2% $46M $57M $58M $57M $50M $46M $44M $44M $41M $36M $29M $28M
Stock-based Comp 12-point trend, -11.8% $6M $3M $4M $12M $28M $5M $4M $18M $8M $3M $7M $7M
Deferred Tax 12-point trend, -51.3% $3M $-7M $-8M $-5M $-4M $1M $5M $2M $-17M $6M $7M $5M
Operating Cash Flow 12-point trend, +120.8% $225M $287M $394M $623M $277M $211M $308M $298M $139M $190M $216M $102M
CapEx 12-point trend, -6.3% $10M $31M $26M $26M $23M $31M $19M $10M $16M $23M $5M $11M
Investing Cash Flow 10-point trend, +83.4% $-2M $-10M $-6M $-25M $-73M $-28M $-19M $-8M $-22M $-14M · ·
Stock Repurchased 12-point trend, +218.9% $180M $81M $54M $286M $123M $116M $89M $208M $0 $51M $161M $56M
Net Stock Activity 12-point trend, -218.9% $-180M $-81M $-54M $-286M $-123M $-116M $-89M $-208M $0 $-51M $-161M $-56M
Dividends Paid 12-point trend, +351.9% $125M $120M $117M $116M $112M $110M $28M $89M $16M $14M $58M $28M
Financing Cash Flow 10-point trend, -206.2% $-343M $-237M $-248M $-476M $-233M $-252M $-171M $-331M $-54M $-112M · ·
Net Change in Cash 12-point trend, -623.3% $-118M $34M $141M $120M $-30M $-70M $120M $-43M $64M $64M $-49M $-16M
Taxes Paid 3-point trend, -44.5% $51M $48M $93M · · · · · · · · ·
Free Cash Flow 12-point trend, +135.4% $215M $256M $368M $597M $253M $180M $288M $288M $123M $168M $211M $91M
Levered FCF 2-point trend, -16.5% $211M $252M · · · · · · · · · ·
Profitability 7
Annual Profitability data for LSTR
Metric Trend 202520242023202220212020201920182017201620152014
Operating Margin 12-point trend, -54.6% 3.2% 5.2% 6.5% 7.7% 7.7% 6.1% 7.3% 7.2% 6.7% 7.0% 7.3% 7.0%
Net Margin 12-point trend, -44.5% 2.4% 4.1% 5.0% 5.8% 5.8% 4.7% 5.6% 5.5% 4.9% 4.3% 4.5% 4.4%
Pretax Margin 12-point trend, -54.4% 3.2% 5.3% 6.6% 7.6% 7.7% 6.0% 7.2% 7.1% 6.6% 6.9% 7.2% 7.0%
EBITDA Margin 12-point trend, -54.6% 3.2% 5.2% 6.5% 7.7% 7.7% 6.1% 7.3% 7.2% 6.7% 7.0% 7.3% 7.0%
ROA 12-point trend, -51.6% 6.7% 10.8% 14.2% 21.7% 20.6% 12.5% 16.2% 18.7% 14.5% 13.2% 14.5% 13.8%
ROE 12-point trend, -55.8% 13.0% 20.0% 28.3% 49.3% 49.1% 28.6% 32.3% 38.2% 29.7% 27.2% 30.9% 29.4%
ROIC 12-point trend, -49.5% 14.5% 19.7% 26.6% 48.9% 44.6% 28.2% 31.9% 37.5% 27.6% 25.8% 32.1% 28.8%
Liquidity & Solvency 3
Annual Liquidity & Solvency data for LSTR
Metric Trend 202520242023202220212020201920182017201620152014
Current Ratio 12-point trend, -2.0% 1.7 2.0 2.0 1.6 1.5 1.5 1.8 1.8 1.8 1.9 1.8 1.8
Quick Ratio 12-point trend, +25.0% 1.6 1.9 1.9 1.6 1.4 1.3 1.7 1.7 1.7 1.9 1.7 1.3
Interest Coverage 2-point trend, -55.6% 27.1 61.1 · · · · · · · · · ·
Efficiency 2
Annual Efficiency data for LSTR
Metric Trend 202520242023202220212020201920182017201620152014
Asset Turnover 12-point trend, -13.0% 2.8 2.7 2.8 3.7 3.5 2.7 2.9 3.4 3.0 3.0 3.3 3.2
Receivables Turnover 12-point trend, -4.1% 7.0 6.8 6.2 7.0 6.8 6.1 6.4 6.9 6.7 6.8 7.0 7.3
Per Share 4
Annual Per Share data for LSTR
Metric Trend 202520242023202220212020201920182017201620152014
Revenue / Share 12-point trend, +93.8% $136.64 $135.61 $147.64 $203.00 $170.98 $107.07 $102.66 $111.72 $86.77 $75.00 $75.80 $70.51
Cash Flow / Share 12-point trend, +187.2% $6.48 $8.06 $10.96 $17.00 $7.24 $5.46 $7.74 $7.21 $3.31 $4.50 $4.93 $2.26
Dividend / Share 12-point trend, +182.5% $4 $3 $3 $3 $3 $3 $3 $1 $2 $0 $0 $1
EPS (TTM) 12-point trend, +7.8% $3.31 $5.51 $7.36 $11.76 $9.98 $4.98 $5.72 $6.18 $4.21 $3.25 $3.37 $3.07
Growth Rates 10
Annual Growth Rates data for LSTR
Metric Trend 202520242023202220212020201920182017201620152014
Revenue YoY 5-point trend, -102.7% -1.6% -9.1% -28.7% 13.8% 58.2% · · · · · · ·
Revenue CAGR 3Y 3-point trend, -260.6% -13.9% -9.7% 8.7% · · · · · · · · ·
Revenue CAGR 5Y 2.8% · · · · · · · · · · ·
EPS YoY 5-point trend, -139.8% -39.9% -25.1% -37.4% 17.8% 100.4% · · · · · · ·
EPS CAGR 3Y 3-point trend, -347.7% -34.5% -18.0% 13.9% · · · · · · · · ·
EPS CAGR 5Y -7.8% · · · · · · · · · · ·
Net Income YoY 5-point trend, -141.9% -41.3% -25.9% -38.6% 13.0% 98.6% · · · · · · ·
Net Income CAGR 3Y 3-point trend, -417.2% -35.6% -19.9% 11.2% · · · · · · · · ·
Net Income CAGR 5Y -9.8% · · · · · · · · · · ·
Dividend CAGR 5Y 2.6% · · · · · · · · · · ·
Valuation (TTM) 6
Annual Valuation (TTM) data for LSTR
Metric Trend 202520242023202220212020201920182017201620152014
Revenue TTM 12-point trend, +49.0% $4.74B $4.82B $5.30B $7.44B $6.54B $4.13B $4.08B $4.62B $3.65B $3.17B $3.32B $3.18B
Net Income TTM 12-point trend, -17.1% $115M $196M $264M $431M $382M $192M $228M $255M $177M $137M $148M $139M
P/E 12-point trend, +82.0% 44.1 31.6 26.3 13.9 17.3 27.2 19.8 15.4 24.7 26.2 17.2 24.2
Earnings Yield 12-point trend, -45.0% 2.3% 3.2% 3.8% 7.2% 5.8% 3.7% 5.1% 6.5% 4.0% 3.8% 5.8% 4.1%
Payout Ratio 12-point trend, +445.4% 108.5% 61.5% 44.3% 26.8% 29.3% 57.0% 12.2% 34.8% 9.0% 10.4% 39.2% 19.9%
Annual Payout 12-point trend, +351.9% $125M $120M $117M $116M $112M $110M $28M $89M $16M $14M $58M $28M

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement
2025-12-272024-12-282023-12-302022-12-312021-12-25
Revenue $4.74B$4.82B$5.30B$7.44B$6.54B
Operating Margin % 3.2%5.2%6.5%7.7%7.7%
Net Income $115M$196M$264M$431M$382M
Diluted EPS $3.31$5.51$7.36$11.76$9.98
Balance Sheet
2025-12-272024-12-282023-12-302022-12-312021-12-25
Current Ratio 1.72.02.01.61.5
Quick Ratio 1.61.91.91.61.4
Cash Flow
2025-12-272024-12-282023-12-302022-12-312021-12-25
Free Cash Flow $215M$256M$368M$597M$253M

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Institutional owners (13F) 584 filers · $4.4B total · As of June 30, 2026

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
113 (+6 vs prior Q) 37 (-8 vs prior Q) 173 (-12 vs prior Q) 148 (+35 vs prior Q) +3.6M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
VANGUARD PORTFOLIO MANAGEMENT LLC $371,439,032 1,796,040 8.51% Shares
VANGUARD CAPITAL MANAGEMENT LLC $317,796,655 1,536,660 7.28% Shares
Boston Partners $239,054,923 1,155,334 5.48% Shares
STATE STREET CORP $236,249,610 1,142,351 5.42% Shares
GEODE CAPITAL MANAGEMENT, LLC $177,088,862 856,128 4.06% Shares
FIRST TRUST ADVISORS LP $173,083,036 836,918 3.97% Shares
JACOBS LEVY EQUITY MANAGEMENT, INC $153,554,357 742,490 3.52% Shares
DIMENSIONAL FUND ADVISORS LP $126,076,637 609,625 2.89% Shares
MILLENNIUM MANAGEMENT LLC $125,619,496 607,415 2.88% Shares
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC $122,443,722 592,059 2.81% Shares
REINHART PARTNERS, LLC. $117,697,188 569,090 2.70% Shares
Fenimore Asset Management Inc $104,766,755 506,585 2.40% Shares
GOLDMAN SACHS GROUP INC $94,861,265 458,688 2.17% Shares
NORGES BANK $80,926,201 391,307 1.86% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $78,838,040 381,210 1.81% Shares
Quantinno Capital Management LP $63,415,602 306,637 1.45% Shares
Gotham Asset Management, LLC $58,237,076 281,597 1.33% Shares
Copeland Capital Management, LLC $52,398,203 253,363 1.20% Shares
Balyasny Asset Management L.P. $52,194,708 252,380 1.20% Shares
ROYCE & ASSOCIATES LP $47,766,492 230,968 1.09% Shares
Corient Private Wealth LP $44,949,069 217,345 1.03% Shares
FMR LLC $44,911,112 217,161 1.03% Shares
VANGUARD FIDUCIARY TRUST CO $44,687,091 216,078 1.02% Shares
LONDON CO OF VIRGINIA $44,088,197 213,179 1.01% Shares
LOS ANGELES CAPITAL MANAGEMENT LLC $42,647,325 206,215 0.98% Shares
RAYMOND JAMES FINANCIAL INC $36,465,677 176,325 0.84% Shares
ALLIANCEBERNSTEIN L.P. $34,485,086 215,115 0.79% Shares
AMERICAN CENTURY COMPANIES INC $33,786,421 163,369 0.77% Shares
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP $32,276,423 156,068 0.74% Shares
ENVESTNET ASSET MANAGEMENT INC $31,542,479 152,519 0.72% Shares
Boston Trust Walden Corp $29,622,224 143,234 0.68% Shares
MORGAN STANLEY $29,565,487 142,959 0.68% Shares
BNP PARIBAS FINANCIAL MARKETS $28,482,494 137,723 0.65% Shares
PRUDENTIAL FINANCIAL INC $28,167,108 136,198 0.65% Shares
Qube Research & Technologies Ltd $26,351,110 127,417 0.60% Shares
BANK OF AMERICA CORP /DE/ $25,118,109 121,455 0.58% Shares
JANUS HENDERSON GROUP PLC $23,477,400 146,450 0.54% Shares
RENAISSANCE TECHNOLOGIES LLC $22,797,907 110,236 0.52% Shares
RHUMBLINE ADVISERS $21,164,660 102,339 0.49% Shares
Walleye Capital LLC $21,042,918 101,750 0.48% Shares
Encompass Capital Advisors LLC $20,681,000 100,000 0.47% Shares
FWL INVESTMENT MANAGEMENT, LLC $17,696,107 85,567 0.41% Shares
JONES FINANCIAL COMPANIES LLLP $17,388,507 83,115 0.40% Shares
Clarkston Capital Partners, LLC $17,063,893 82,510 0.39% Shares
PRINCIPAL FINANCIAL GROUP INC $15,858,604 76,682 0.36% Shares
ALPS ADVISORS INC $15,763,679 76,223 0.36% Shares
California Public Employees Retirement System $15,491,723 74,908 0.36% Shares
D. E. Shaw & Co., Inc. $15,082,653 72,930 0.35% Shares
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC $14,781,745 71,475 0.34% Shares
Swiss National Bank $14,104,442 68,200 0.32% Shares
PARTHENON LLC $13,883,983 67,134 0.32% Shares
AMERIPRISE FINANCIAL INC $13,475,120 65,157 0.31% Shares
BlackRock, Inc. $11,940,175 57,735 0.27% Shares
Retirement Systems of Alabama $11,683,111 56,492 0.27% Shares
Mariner, LLC $11,524,565 55,722 0.26% Shares
Burgundy Asset Management Ltd. $11,298,335 85,380 0.26% Shares
MOUNTAIN PACIFIC INVESTMENT ADVISERS LLC $11,054,408 53,452 0.25% Shares
ArrowMark Colorado Holdings LLC $10,972,718 53,057 0.25% Shares
STIFEL FINANCIAL CORP $10,303,422 49,821 0.24% Shares
Clearbridge Investments, LLC $10,227,201 49,452 0.23% Shares
Trivium Point Advisory, LLC $10,218,546 49,410 0.23% Shares
Squarepoint Ops LLC $9,919,642 47,965 0.23% Shares
MUFG Securities EMEA plc $9,720,070 47,000 0.22% Shares
BARCLAYS PLC $9,331,474 45,121 0.21% Shares
Grantham, Mayo, Van Otterloo & Co. LLC $9,310,586 45,020 0.21% Shares
Focus Partners Wealth $9,041,163 43,714 0.21% Shares
Point72 Asset Management, L.P. $8,620,461 41,683 0.20% Shares
TEACHER RETIREMENT SYSTEM OF TEXAS $8,203,945 39,669 0.19% Shares
NATIXIS $7,890,008 38,151 0.18% Shares
River Road Asset Management, LLC $7,565,317 36,581 0.17% Shares
REGIONS FINANCIAL CORP $7,498,723 36,259 0.17% Shares
Bridge City Capital, LLC $7,417,654 35,867 0.17% Shares
CAPITAL FUND MANAGEMENT S.A. $7,388,287 35,725 0.17% Shares
Callan Family Office, LLC $7,370,085 35,637 0.17% Shares
IEQ CAPITAL, LLC $7,350,299 35,541 0.17% Shares
VOLORIDGE INVESTMENT MANAGEMENT, LLC $7,243,520 35,025 0.17% Shares
NEW YORK STATE COMMON RETIREMENT FUND $7,214,153 34,883 0.17% Shares
Man Group plc $7,187,475 34,754 0.16% Shares
Ballast Asset Management, LP $7,014,788 33,919 0.16% Shares
VANGUARD ASSET MANAGEMENT, Ltd $6,954,400 33,627 0.16% Shares
CITADEL ADVISORS LLC $6,925,860 33,489 0.16% Shares
Schonfeld Strategic Advisors LLC $6,880,774 33,271 0.16% Shares
CRAWFORD INVESTMENT COUNSEL INC $6,737,870 32,580 0.15% Shares
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM $6,563,733 40,944 0.15% Shares
Trexquant Investment LP $6,518,444 31,519 0.15% Shares
VAN ECK ASSOCIATES CORP $6,212,986 30,042 0.14% Shares
ING GROEP NV $6,204,300 30,000 0.14% Shares
LAZARD ASSET MANAGEMENT LLC $6,065,530 29,329 0.14% Shares
Assenagon Asset Management S.A. $6,064,496 29,324 0.14% Shares
UBS Group AG $6,018,378 29,101 0.14% Shares
HSBC HOLDINGS PLC $5,977,333 28,837 0.14% Shares
STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM $5,958,610 28,812 0.14% Shares
Holocene Advisors, LP $5,934,620 28,696 0.14% Shares
GHP Investment Advisors, Inc. $5,635,855 35,156 0.13% Shares
MERCER GLOBAL ADVISORS INC /ADV $5,442,742 26,318 0.12% Shares
Caisse de depot et placement du Quebec $5,260,626 25,437 0.12% Shares
Cardinal Capital Management $5,219,885 25,240 0.12% Shares
FIFTH THIRD BANCORP $5,175,426 25,025 0.12% Shares
4D Advisors, LLC $5,170,250 25,000 0.12% Shares
Quadrature Capital Ltd $5,140,056 24,854 0.12% Shares

Company insiders 37 insiders · 20 officers · 17 directors

Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Frank A Lonegro President & CEO Feb. 2, 2026 F 23,110 0 0 $0
James B Gattoni President & CEO Jan. 31, 2024 F 78,025 0 0 $0
James P Todd VP and CFO June 15, 2026 S 15,122 0 1 $-261,804
Federico L Pensotti VP and CFO July 1, 2022 D 3,560 0 0 $0
Kevin L Stout VP, CFO and Asst Secretary Oct. 27, 2020 S 28,861 0 0 $0
Joseph J Beacom President of LSHI Jan. 31, 2025 F 20,442 0 0 $0
PUNDT JEFFREY L President - Landstar Carrier Feb. 13, 2007 M 22,580 0 0 $0
Jim M Handoush Co-Chief Operating Officer Jan. 4, 2011 D 29,937 0 0 $0
Matthew Miller Chief Safety & Operations March 15, 2026 F 4,841 0 0 $0
Terri M Lewis Chief Human Resources Officer Feb. 23, 2026 A 4,511 0 0 $0
Matthew M Dannegger Chief Field Sales Officer Jan. 31, 2026 F 5,556 0 0 $0
James M Applegate Chief Corp Sales, Strat, S Frt Jan. 31, 2026 F 8,102 0 0 $0
Ricardo S Coro Vice President - CIO Jan. 31, 2026 F 22,855 0 0 $0
Michael K Kneller VP General Counsel & Secy Jan. 31, 2026 F 63,560 0 0 $0
Aimee M Cooper VP & CAO Jan. 31, 2025 F 16,346 0 0 $0
Robert S Brasher VP & Chief Commercial Officer Feb. 3, 2023 A 22,005 0 0 $0
Patrick J O'Malley VP, CCO, CMO May 6, 2019 S 20,929 0 0 $0
Larry S Thomas Vice President - CIO Feb. 2, 2017 A 24,152 0 0 $0
STANLEY RONALD G VP - Corp Bus Dev May 3, 2007 M 54,355 0 0 $0
LAROSE ROBERT C Special Advisor April 25, 2007 S 20,000 0 0 $0
Diana M Murphy Director June 5, 2026 S 18,853 0 1 $-2,488,515
Jonathan Barr Blanton Director May 6, 2026 A 1,470 0 0 $0
Dr. Homaira Akbari Director May 6, 2026 A 13,974 0 0 $0
James L Liang Director May 6, 2026 A 4,658 0 0 $0
Melanie M Hart Director May 6, 2026 A 1,470 0 0 $0
Teresa L White Director May 6, 2026 A 4,658 0 0 $0
George P Scanlon Director May 6, 2026 A 9,483 0 0 $0
David G/ Bannister Director May 6, 2026 A 26,513 0 0 $0
Anthony J Orlando Director May 19, 2025 A 14,029 0 0 $0
Michael A Henning Director May 18, 2016 A 19,427 0 0 $0
GERKENS HENRY H Director Jan. 27, 2015 F 39,573 0 0 $0
CROWE JEFFREY C Director Feb. 4, 2014 D 34,855 0 0 $0
William S Elston Director June 30, 2012 D 9,284 0 0 $0
DRUCKER RONALD W Director March 12, 2009 S 50,000 0 0 $0
MOTT MERRITT J Director March 16, 2006 M 41,400 0 0 $0
William C Clement Aug. 1, 2026 A 4,924 0 0 $0
Larry J Thoele May 13, 2021 A 12,306 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 99 ETFs

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
OUSM · ALPS ETF Trust 1.94% 82,356 NS May 31, 2026 N-PORT
SUPL · ProShares Trust 1.30% 145 NS May 31, 2026 N-PORT
SMCO · Tidal Trust II 1.29% 9,063 NS April 30, 2026 N-PORT
MCOW · Pacer Funds Trust 0.97% 52 NS April 30, 2026 N-PORT
QLV · FlexShares Trust 0.96% 8,827 NS April 30, 2026 N-PORT
SMMV · iShares Trust 0.78% 12,762 SH Aug. 8, 2026 Daily
IYT · iShares Trust 0.76% 95,504 SH Aug. 8, 2026 Daily
XMHQ · Invesco Exchange-Traded Fund Trust 0.73% 225,160 SH Aug. 8, 2026 Daily
TPOR · Direxion Shares ETF Trust 0.64% 625 NS April 30, 2026 N-PORT
VFQY · VANGUARD WELLINGTON FUND 0.60% 13,692 SH Aug. 8, 2026 Daily
CLSE · Trust for Professional Managers 0.47% 14,089 NS May 31, 2026 N-PORT
QDEF · FlexShares Trust 0.42% 12,201 NS April 30, 2026 N-PORT
IVOV · VANGUARD ADMIRAL FUNDS 0.40% 29,134 SH Aug. 8, 2026 Daily
IJJ · iShares Trust 0.34% 172,580 SH Aug. 8, 2026 Daily
SHPP · Pacer Funds Trust 0.30% 33 NS April 30, 2026 N-PORT
MIDE · DBX ETF Trust 0.28% 46 NS May 29, 2026 N-PORT
BKSE · BNY Mellon ETF Trust 0.28% 1,232 NS April 30, 2026 N-PORT
HQGO · Lattice Strategies Trust 0.27% 698 NS April 30, 2026 N-PORT
AFMC · First Trust Exchange-Traded Fund VI… 0.21% 1,620 NS May 31, 2026 N-PORT
ROUS · Lattice Strategies Trust 0.19% 6,166 NS April 30, 2026 N-PORT
IVOO · VANGUARD ADMIRAL FUNDS 0.19% 54,740 SH Aug. 8, 2026 Daily
JQUA · J.P. Morgan Exchange-Traded Fund Tr… 0.19% 76,732 NS April 30, 2026 N-PORT
XJH · iShares Trust 0.19% 4,583 SH Aug. 8, 2026 Daily
PTMC · Pacer Funds Trust 0.18% 3,912 NS April 30, 2026 N-PORT
QVMM · Invesco Exchange-Traded Fund Trust … 0.18% 4,280 SH Aug. 8, 2026 Daily
VFMF · VANGUARD WELLINGTON FUND 0.17% 5,628 SH Aug. 8, 2026 Daily
ESML · iShares Trust 0.17% 27,341 SH Aug. 8, 2026 Daily
IJH · iShares Trust 0.17% 1,170,690 SH Aug. 8, 2026 Daily
JPME · J.P. Morgan Exchange-Traded Fund Tr… 0.17% 3,922 NS April 30, 2026 N-PORT
RWK · Invesco Exchange-Traded Fund Trust … 0.16% 11,580 SH Aug. 8, 2026 Daily
MVV · ProShares Trust 0.15% 1,177 NS May 31, 2026 N-PORT
SCHA · SCHWAB STRATEGIC TRUST 0.15% 163,623 NS May 31, 2026 N-PORT
FSMD · FIDELITY COVINGTON TRUST 0.14% 18,469 NS April 30, 2026 N-PORT
SCHM · SCHWAB STRATEGIC TRUST 0.13% 92,088 NS May 31, 2026 N-PORT
BBMC · J.P. Morgan Exchange-Traded Fund Tr… 0.13% 14,146 NS April 30, 2026 N-PORT
DFAS · Dimensional ETF Trust 0.12% 95,017 NS April 30, 2026 N-PORT
MIDU · Direxion Shares ETF Trust 0.12% 564 NS April 30, 2026 N-PORT
UMDD · ProShares Trust 0.11% 164 NS May 31, 2026 N-PORT
ISCV · iShares Trust 0.11% 4,157 SH Aug. 8, 2026 Daily
VBK · VANGUARD INDEX FUNDS 0.10% 224,253 SH Aug. 8, 2026 Daily
ISCB · iShares Trust 0.09% 1,516 SH Aug. 8, 2026 Daily
FIDU · FIDELITY COVINGTON TRUST 0.09% 10,247 NS April 30, 2026 N-PORT
VIS · VANGUARD WORLD FUND 0.09% 41,212 SH Aug. 8, 2026 Daily
ISCG · iShares Trust 0.08% 4,710 SH Aug. 8, 2026 Daily
VXF · VANGUARD INDEX FUNDS 0.08% 389,543 SH Aug. 8, 2026 Daily
VB · VANGUARD INDEX FUNDS 0.08% 778,265 SH Aug. 8, 2026 Daily
SMMD · iShares Trust 0.08% 16,901 SH Aug. 8, 2026 Daily
VBR · VANGUARD INDEX FUNDS 0.07% 246,988 SH Aug. 8, 2026 Daily
IYJ · iShares Trust 0.07% 7,634 SH Aug. 8, 2026 Daily
DEUS · DBX ETF Trust 0.06% 841 NS May 29, 2026 N-PORT