Canal Capital Management, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed September 19, 2025), Canal Capital Management, LLC reported 161 stock positions worth $597.3 million. Its top holding was Old Dominion Freight Line (ODFL) at 14.4% of the portfolio, followed by Apple (AAPL, 4.8%) and Microsoft (MSFT, 3.2%). Compared with Q4 2024, it opened 16 new positions, sold out of 26, added to 66 and reduced 63. The biggest buy was a new position in AT&T (T) and the biggest sale Old Dominion Freight Line (ODFL, shares −8%).
- Most Recent 13F
- Q2 2026
- Location
- Richmond, VA
- CIK
- 0001666733
- Portfolio Value
- $597.3M (Q1 2025)
- SEC Filing
- 0001420506-25-002722 ↗ filed Sep 19, 2025
Holdings Value
Holdings 161 stocks · $597.3M
| ODFL Old Dominion Freight Line | 14.36% | 518,410 | $85.8M | Reduce -8.2% |
| AAPL Apple Inc. | 4.76% | 127,895 | $28.4M | Add +3.5% |
| MSFT Microsoft Corp. | 3.21% | 51,129 | $19.2M | Add +9.8% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 3.15% | 173,026 | $18.8M | Add +19.2% |
| MO Altria Group Inc. | 2.77% | 275,273 | $16.5M | Reduce -3.5% |
| PM Philip Morris International | 2.67% | 100,436 | $15.9M | Reduce -4.3% |
| IEI iShares 3-7 Year Treasury Bo | 2.58% | 130,695 | $15.4M | Add +10.6% |
| IVV iShares Core S&P 500 ETF | 2.41% | 25,664 | $14.4M | Add +11.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.40% | 26,939 | $14.3M | Add +1.7% |
| TOTL SS Doubleline TR Tact ETF | 2.39% | 354,758 | $14.3M | Add +12.7% |
| BX Blackstone Inc. | 2.00% | 85,364 | $11.9M | Reduce -7.9% |
| JPM JPMorgan Chase & Co. | 1.81% | 43,992 | $10.8M | Reduce -1.6% |
| AVGO Broadcom Inc. | 1.67% | 59,422 | $9.9M | Reduce -5.2% |
| WMT Walmart Inc. | 1.63% | 110,808 | $9.7M | Reduce -6.1% |
| QQQ Invesco QQQ Trust Series 1 | 1.51% | 19,295 | $9.0M | Add +44.6% |
| NVDA Nvidia Corp. | 1.44% | 79,474 | $8.6M | Reduce -1.9% |
| GOOGL Alphabet Inc. Class A | 1.35% | 52,077 | $8.1M | Add +1.0% |
| OEF iShares S&P 100 ETF | 1.33% | 29,437 | $8.0M | Reduce -6.7% |
| JNJ Johnson & Johnson | 1.33% | 47,950 | $8.0M | Add +14.3% |
| IJR iShares Core S&P Small-Cap E | 1.25% | 71,300 | $7.5M | Reduce -13.6% |
| AMZN Amazon.com Inc. | 1.24% | 39,069 | $7.4M | Reduce -2.1% |
| XOM Exxon Mobil Corp. | 1.23% | 61,974 | $7.4M | Add +4.0% |
| IJH iShares Core S&P Midcap ETF | 1.21% | 124,056 | $7.2M | Add +2.1% |
| V Visa Inc. Class A | 1.17% | 20,018 | $7.0M | Add +0.3% |
| VOO Vanguard S&P 500 ETF | 1.17% | 13,600 | $7.0M | Reduce -12.1% |
| PANW Palo Alto Networks Inc. | 1.14% | 39,812 | $6.8M | Reduce -8.9% |
| T AT&T Inc. | 1.13% | 239,325 | $6.8M | New |
| QCOM Qualcomm Inc. | 1.11% | 43,128 | $6.6M | New |
| D Dominion Energy Inc. | 1.07% | 114,231 | $6.4M | Add +51.0% |
| O Realty Income Corp. | 1.07% | 110,250 | $6.4M | Add +28.4% |
| AMT American Tower Corp. | 1.07% | 29,287 | $6.4M | New |
| DVN Devon Energy Corp. | 1.06% | 169,582 | $6.3M | Add +16.5% |
| AMGN Amgen Inc. | 1.06% | 20,269 | $6.3M | New |
| HD Home Depot Inc. | 1.02% | 16,562 | $6.1M | Add +1.0% |
| UPS United Parcel Service Class B | 1.00% | 54,384 | $6.0M | Add +33.0% |
| FERG Ferguson Enterprises Inc. | 0.98% | 36,478 | $5.8M | Reduce -1.4% |
| OMC Omnicom Group | 0.97% | 70,010 | $5.8M | New |
| CRH CRH PLC | 0.94% | 63,872 | $5.6M | Reduce -0.8% |
| INTU Intuit Inc. | 0.93% | 9,032 | $5.5M | Add +10.4% |
| IWF iShares Russell 1000 Growth | 0.91% | 15,128 | $5.5M | Reduce -1.4% |
| SRLN SS Blackstone Sr Loan ETF | 0.88% | 128,047 | $5.3M | Add +11.3% |
| BABA Alibaba Group Holding-SP ADR | 0.87% | 39,251 | $5.2M | New |
| ORLY O'reilly Automotive Inc. | 0.84% | 3,499 | $5.0M | Reduce -1.3% |
| ASML ASML Holding NV-NY Reg SHS | 0.79% | 7,093 | $4.7M | Add +4.0% |
| ADBE Adobe Inc. | 0.72% | 11,141 | $4.3M | Add +25.3% |
| BAM Brookfield Asset Mgmt-A | 0.71% | 87,238 | $4.2M | Reduce -5.6% |
| KNSL Kinsale Capital Group Inc. | 0.70% | 8,628 | $4.2M | Add +10.4% |
| ISRG Intuitive Surgical Inc. | 0.62% | 7,536 | $3.7M | Reduce -9.5% |
| CRM Salesforce Inc. | 0.60% | 13,300 | $3.6M | Reduce -3.3% |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 0.59% | 3,560 | $3.5M | Reduce -12.4% |
| IEF iShares 7-10 Year Treasury B | 0.57% | 35,860 | $3.4M | Add +29.9% |
| SNPS Synopsys Inc. | 0.56% | 7,840 | $3.4M | Add +42.1% |
| JNK SS SPDR BB High Yield Bond | 0.54% | 33,882 | $3.2M | Add +14.4% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.53% | 4 | $3.2M | New |
| DHR Danaher Corp. | 0.52% | 15,186 | $3.1M | Reduce -0.8% |
| AOA iShares Core 80/20 Aggressiv | 0.48% | 37,096 | $2.8M | Reduce -0.4% |
| NOW ServiceNow Inc. | 0.47% | 3,504 | $2.8M | Reduce -9.1% |
| NFLX Netflix Inc. | 0.43% | 2,729 | $2.5M | Reduce -0.2% |
| AGG iShares Core U.S. Aggregate | 0.39% | 23,617 | $2.3M | Reduce -26.0% |
| VEA Vanguard Ftse Developed ETF | 0.36% | 42,556 | $2.2M | Reduce -2.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.35% | 3,758 | $2.1M | Reduce -20.0% |
| AUB Atlantic Union Bankshares Co. | 0.31% | 60,363 | $1.9M | Add +0.1% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.29% | 7,822 | $1.7M | No change |
| IIIN Insteel Industries Inc. | 0.28% | 63,334 | $1.7M | Reduce -29.2% |
| VGSH Vanguard Short-Term Treasury | 0.28% | 28,313 | $1.7M | Add +66.7% |
| COF Capital One Financial Corp. | 0.26% | 8,506 | $1.5M | Add +7.3% |
| VNQI Vanguard GLBL Ex-US Real Est | 0.25% | 37,115 | $1.5M | Add +10.3% |
| QLD Proshares Ultra QQQ | 0.25% | 16,648 | $1.5M | New |
| BRNY Burney US Factor Rotation | 0.24% | 36,520 | $1.5M | No change |
| KO The Coca-Cola Co. | 0.24% | 20,009 | $1.4M | Reduce -4.8% |
| LLY Eli Lilly & Co. | 0.24% | 1,728 | $1.4M | Reduce -1.9% |
| CVX Chevron Corp. | 0.23% | 8,063 | $1.3M | Add +4.9% |
| GOOG Alphabet Inc. Class C | 0.20% | 7,804 | $1.2M | Reduce -0.2% |
| PNC PNC Financial Services Group | 0.20% | 6,891 | $1.2M | Reduce -0.3% |
| ABBV Abbvie Inc. | 0.19% | 5,428 | $1.1M | Reduce -81.8% |
| MA Mastercard Inc. Class A | 0.18% | 2,008 | $1.1M | Add +0.1% |
| CSCO Cisco Systems Inc. | 0.17% | 16,907 | $1.0M | Reduce -8.7% |
| TQQQ Proshares Ultrapro QQQ | 0.17% | 17,950 | $1.0M | No change |
| DBMF Imgp Dbi MFT STR ETF-Usd Inc. | 0.17% | 39,916 | $1.0M | Reduce -55.1% |
| SW Smurfit Westrock PLC | 0.15% | 20,221 | $911K | New |
| GLD SPDR Gold Shares | 0.14% | 2,934 | $845K | Reduce -50.8% |
| VIG Vanguard Dividend Apprec ETF | 0.14% | 4,343 | $842K | Reduce -3.7% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.14% | 4,429 | $825K | Add +1.1% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.13% | 2,136 | $792K | No change |
| UDOW Proshares Ultrapro DOW30 | 0.13% | 8,980 | $789K | No change |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.12% | 19,135 | $697K | Reduce -47.8% |
| ARCC Ares Capital Corp. | 0.12% | 31,247 | $692K | Add +0.5% |
| TFC Truist Financial Corp. | 0.11% | 15,994 | $658K | Reduce -5.9% |
| TSLA Tesla Inc. | 0.11% | 2,530 | $656K | Add +74.6% |
| SPEM State Street SP PTF Em ETF | 0.11% | 16,307 | $642K | Add +99.5% |
| PDBC Invesco Optimum Yield Divers | 0.11% | 46,271 | $631K | Reduce -50.2% |
| DD Dupont DE Nemours Inc. | 0.10% | 8,222 | $614K | Add +0.5% |
| COST Costco Wholesale Corp. | 0.10% | 649 | $613K | Add +7.5% |
| UNH Unitedhealth Group Inc. | 0.10% | 1,169 | $612K | Reduce -91.4% |
| MDLZ Mondelez International Inc. Class A | 0.10% | 8,954 | $608K | Reduce -4.9% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.10% | 8,461 | $588K | Add +10.5% |
| RTX RTX Corp. | 0.09% | 4,221 | $559K | Reduce -0.3% |
| SDY SS SPDR S&P Dividend ETF | 0.09% | 4,028 | $546K | Add +0.3% |
| VEU Vanguard Ftse All-World Ex-U | 0.09% | 8,883 | $539K | Add +28.0% |
| NSC Norfolk Southern Corp. | 0.09% | 2,266 | $537K | Add +51.7% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $0 (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| JQCNR Nuveen Credit Strategies-RTS | RIGHT 04/29/2025 | 12,115 | $0 | New |
Portfolio Sells Q4 2024 → Q1 2025
| ODFL Old Dominion Freight Line | Reduce -8.2% | 14.36% | −1.77 |
| LMT Lockheed Martin Corp. | Reduce -93.0% | 0.08% | −1.13 |
| UNH Unitedhealth Group Inc. | Reduce -91.4% | 0.10% | −1.01 |
| GD General Dynamics Corp. | Sold out | 0.00% | −0.92 |
| BG Bunge Global SA | Sold out | 0.00% | −0.74 |
| AVGO Broadcom Inc. | Reduce -5.2% | 1.67% | −0.69 |
| ABBV Abbvie Inc. | Reduce -81.8% | 0.19% | −0.67 |
| BX Blackstone Inc. | Reduce -7.9% | 2.00% | −0.59 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Sold out | 0.00% | −0.54 |
| DOW Dow Inc. | Reduce -89.7% | 0.05% | −0.51 |
| NVDA Nvidia Corp. | Reduce -1.9% | 1.44% | −0.32 |
| IJR iShares Core S&P Small-Cap E | Reduce -13.6% | 1.25% | −0.29 |
| IHE iShares US Pharmaceuticals E | Sold out | 0.00% | −0.22 |
| DBMF Imgp Dbi MFT STR ETF-Usd Inc. | Reduce -55.1% | 0.17% | −0.21 |
| NOW ServiceNow Inc. | Reduce -9.1% | 0.47% | −0.19 |
| SPSM SS SPDR P S&P 600 Small Cap | Sold out | 0.00% | −0.18 |
| VOO Vanguard S&P 500 ETF | Reduce -12.1% | 1.17% | −0.18 |
| PROSHARES TR | Sold out | 0.00% | −0.18 |
| AMZN Amazon.com Inc. | Reduce -2.1% | 1.24% | −0.17 |
| VOOG Vanguard S&P 500 Growth ETF | Sold out | 0.00% | −0.17 |
| VCIT Vanguard Int-Term Corporate | Sold out | 0.00% | −0.16 |
| PANW Palo Alto Networks Inc. | Reduce -8.9% | 1.14% | −0.15 |
| CRM Salesforce Inc. | Reduce -3.3% | 0.60% | −0.15 |
| MOO Vaneck Agribusiness ETF | Sold out | 0.00% | −0.14 |
| OEF iShares S&P 100 ETF | Reduce -6.7% | 1.33% | −0.14 |
| XLRE SS Real Estate Select Sector | Sold out | 0.00% | −0.12 |
| EMXC iShares MSCI Emr MRK Ex Chna | Reduce -64.7% | 0.07% | −0.12 |
| IIIN Insteel Industries Inc. | Reduce -29.2% | 0.28% | −0.11 |
| AGG iShares Core U.S. Aggregate | Reduce -26.0% | 0.39% | −0.11 |
| RWR SS SPDR Dow Jones REIT ETF | Sold out | 0.00% | −0.11 |
| GWW WW Grainger Inc. | Reduce -12.4% | 0.59% | −0.10 |
| BAM Brookfield Asset Mgmt-A | Reduce -5.6% | 0.71% | −0.10 |
| IEO iShares U.S. Oil & Gas Explo | Sold out | 0.00% | −0.10 |
| WMT Walmart Inc. | Reduce -6.1% | 1.63% | −0.10 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -20.0% | 0.35% | −0.09 |
| GLD SPDR Gold Shares | Reduce -50.8% | 0.14% | −0.09 |
| PDBC Invesco Optimum Yield Divers | Reduce -50.2% | 0.11% | −0.09 |
| SPDW Ste STR SPDR PT DW Eu ETF | Reduce -47.8% | 0.12% | −0.09 |
| IYT iShares US Transportation Et | Sold out | 0.00% | −0.09 |
| IWF iShares Russell 1000 Growth | Reduce -1.4% | 0.91% | −0.08 |
| ISRG Intuitive Surgical Inc. | Reduce -9.5% | 0.62% | −0.08 |
| DUK Duke Energy Corp. | Reduce -67.5% | 0.04% | −0.07 |
| SMAR Smartsheet Inc. Class A | Sold out | 0.00% | −0.07 |
| FERG Ferguson Enterprises Inc. | Reduce -1.4% | 0.98% | −0.06 |
| XLB SS Materials Select Sector | Sold out | 0.00% | −0.06 |
| DHR Danaher Corp. | Reduce -0.8% | 0.52% | −0.05 |
| PHO Invesco Water Resources ETF | Sold out | 0.00% | −0.04 |
| TTD Trade Desk Inc./the Class A | Sold out | 0.00% | −0.04 |
| SPGI S&P Global Inc. | Sold out | 0.00% | −0.04 |
| GOOG Alphabet Inc. Class C | Reduce -0.2% | 0.20% | −0.04 |
Portfolio Buys Q4 2024 → Q1 2025
| T AT&T Inc. | New | 1.13% | +1.13 |
| QCOM Qualcomm Inc. | New | 1.11% | +1.11 |
| AMT American Tower Corp. | New | 1.07% | +1.07 |
| AMGN Amgen Inc. | New | 1.06% | +1.06 |
| OMC Omnicom Group | New | 0.97% | +0.97 |
| BABA Alibaba Group Holding-SP ADR | New | 0.87% | +0.87 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Add +19.2% | 3.15% | +0.64 |
| BRK.A Berkshire Hathaway Inc. Class A | New | 0.53% | +0.53 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +1.7% | 2.40% | +0.46 |
| D Dominion Energy Inc. | Add +51.0% | 1.07% | +0.41 |
| QQQ Invesco QQQ Trust Series 1 | Add +44.6% | 1.51% | +0.41 |
| TOTL SS Doubleline TR Tact ETF | Add +12.7% | 2.39% | +0.39 |
| IEI iShares 3-7 Year Treasury Bo | Add +10.6% | 2.58% | +0.37 |
| JNJ Johnson & Johnson | Add +14.3% | 1.33% | +0.35 |
| O Realty Income Corp. | Add +28.4% | 1.07% | +0.33 |
| DVN Devon Energy Corp. | Add +16.5% | 1.06% | +0.29 |
| QLD Proshares Ultra QQQ | New | 0.25% | +0.25 |
| IVV iShares Core S&P 500 ETF | Add +11.8% | 2.41% | +0.23 |
| XOM Exxon Mobil Corp. | Add +4.0% | 1.23% | +0.20 |
| UPS United Parcel Service Class B | Add +33.0% | 1.00% | +0.17 |
| IEF iShares 7-10 Year Treasury B | Add +29.9% | 0.57% | +0.16 |
| V Visa Inc. Class A | Add +0.3% | 1.17% | +0.15 |
| SW Smurfit Westrock PLC | New | 0.15% | +0.15 |
| SNPS Synopsys Inc. | Add +42.1% | 0.56% | +0.13 |
| VGSH Vanguard Short-Term Treasury | Add +66.7% | 0.28% | +0.12 |
| KNSL Kinsale Capital Group Inc. | Add +10.4% | 0.70% | +0.11 |
| SRLN SS Blackstone Sr Loan ETF | Add +11.3% | 0.88% | +0.10 |
| INTU Intuit Inc. | Add +10.4% | 0.93% | +0.10 |
| AFL Aflac Inc. | New | 0.08% | +0.08 |
| JNK SS SPDR BB High Yield Bond | Add +14.4% | 0.54% | +0.08 |
| ADBE Adobe Inc. | Add +25.3% | 0.72% | +0.08 |
| PFE Pfizer Inc. | New | 0.07% | +0.07 |
| VWO Vanguard Ftse Emerging Marke | New | 0.06% | +0.06 |
| SPEM State Street SP PTF Em ETF | Add +99.5% | 0.11% | +0.06 |
| AEP American Electric Power | New | 0.05% | +0.05 |
| CVX Chevron Corp. | Add +4.9% | 0.23% | +0.05 |
| VNQI Vanguard GLBL Ex-US Real Est | Add +10.3% | 0.25% | +0.04 |
| NOC Northrop Grumman Corp. | New | 0.04% | +0.04 |
| MUB iShares National Muni Bond E | New | 0.04% | +0.04 |
| MSFT Microsoft Corp. | Add +9.8% | 3.21% | +0.04 |
| UNP Union Pacific Corp. | New | 0.03% | +0.03 |
| NSC Norfolk Southern Corp. | Add +51.7% | 0.09% | +0.03 |
| COF Capital One Financial Corp. | Add +7.3% | 0.26% | +0.03 |
| VEU Vanguard Ftse All-World Ex-U | Add +28.0% | 0.09% | +0.03 |
| ASML ASML Holding NV-NY Reg SHS | Add +4.0% | 0.79% | +0.02 |
| MSTR Strategy Inc. | Add +24.6% | 0.07% | +0.01 |
| TSLA Tesla Inc. | Add +74.6% | 0.11% | +0.01 |
| COST Costco Wholesale Corp. | Add +7.5% | 0.10% | +0.01 |
| MA Mastercard Inc. Class A | Add +0.1% | 0.18% | +0.01 |
| BHV BlackRock Virginia Muni BND | Add +21.3% | 0.06% | +0.01 |
Notes & Other Activity Q4 2024 → Q1 2025
| JQCNR Nuveen Credit Strategies-RTS | RIGHT 04/29/2025 | New | 12,115 | $0 |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 220 | $818.7M | ODFL, AAPL, QQQ, MSFT, SCHX |
| Q1 2026 | 207 | $738.8M | ODFL, AAPL, QQQ, MSFT, LQD |
| Q4 2025 | 188 | $704.9M | ODFL, AAPL, MSFT, LQD, AVGO |
| Q3 2025 | 186 | $666.1M | ODFL, AAPL, MSFT, LQD, AVGO |
| Q2 2025 | 188 | $634.3M | ODFL, AAPL, MSFT, LQD, PM |
| Q1 2025 | 161 | $597.3M | ODFL, AAPL, MSFT, LQD, MO |
| Q4 2024 | 171 | $617.6M | ODFL, AAPL, MSFT, BX, LQD |
| Q3 2024 | 155 | $626.1M | ODFL, AAPL, MSFT, LQD, BX |
| Q2 2024 | 147 | $585.7M | ODFL, AAPL, MSFT, LQD, IVV |
| Q1 2024 | 143 | $595.5M | ODFL, AAPL, MSFT, LQD, IEI |