David S. Congdon has significant holdings at Old Dominion Freight Line, where he manages a variety of family trusts. His largest stake includes 2,675,566 shares through shared voting and investment rights as a co-manager of Congdon Family, LLC. Additionally, he...
David S. Congdon has significant holdings at Old Dominion Freight Line, where he manages a variety of family trusts. His largest stake includes 2,675,566 shares through shared voting and investment rights as a co-manager of Congdon Family, LLC. Additionally, he is the trustee for the John R. Congdon Trust and several other trusts, amassing substantial assets over the years. He first saw a surge in value around 2020 when the company's market capitalization reached $1 billion, peaking at over $2 billion in late 2021. His financial portfolio shows fluctuations, peaking at a value of $2.4 billion in September 2023 before slightly declining as of October 2024. This demonstrates both the success and the volatility that can come in the transportation sector.