Canal Capital Management, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed September 19, 2025), Canal Capital Management, LLC reported 188 stock positions worth $634.3 million. Its top holding was Old Dominion Freight Line (ODFL) at 10.2% of the portfolio, followed by Apple (AAPL, 4.2%) and Microsoft (MSFT, 4.1%). Compared with Q1 2025, it opened 36 new positions, sold out of 9, added to 102 and reduced 32. The biggest buy was Microsoft (MSFT, shares +3%) and the biggest sale Old Dominion Freight Line (ODFL, shares −23%).
- Most Recent 13F
- Q2 2026
- Location
- Richmond, VA
- CIK
- 0001666733
- Portfolio Value
- $634.3M (Q2 2025)
- SEC Filing
- 0001420506-25-002723 ↗ filed Sep 19, 2025
Holdings Value
Holdings 188 stocks · $634.3M
| ODFL Old Dominion Freight Line | 10.20% | 398,740 | $64.7M | Reduce -23.1% |
| AAPL Apple Inc. | 4.25% | 131,262 | $26.9M | Add +2.6% |
| MSFT Microsoft Corp. | 4.13% | 52,696 | $26.2M | Add +3.1% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 3.01% | 174,338 | $19.1M | Add +0.8% |
| PM Philip Morris International | 2.83% | 98,584 | $18.0M | Reduce -1.8% |
| AVGO Broadcom Inc. | 2.58% | 59,350 | $16.4M | Reduce -0.1% |
| IEI iShares 3-7 Year Treasury Bo | 2.44% | 129,881 | $15.5M | Reduce -0.6% |
| IVV iShares Core S&P 500 ETF | 2.42% | 24,768 | $15.4M | Reduce -3.5% |
| TOTL SS Doubleline TR Tact ETF | 2.25% | 356,460 | $14.3M | Add +0.5% |
| MO Altria Group Inc. | 2.13% | 230,983 | $13.5M | Reduce -16.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.12% | 27,691 | $13.5M | Add +2.8% |
| BX Blackstone Inc. | 2.11% | 89,271 | $13.4M | Add +4.6% |
| NVDA Nvidia Corp. | 2.08% | 83,631 | $13.2M | Add +5.2% |
| JPM JPMorgan Chase & Co. | 2.08% | 45,573 | $13.2M | Add +3.6% |
| WMT Walmart Inc. | 1.74% | 113,156 | $11.1M | Add +2.1% |
| GOOGL Alphabet Inc. Class A | 1.55% | 55,922 | $9.9M | Add +7.4% |
| AMZN Amazon.com Inc. | 1.51% | 43,714 | $9.6M | Add +11.9% |
| OEF iShares S&P 100 ETF | 1.42% | 29,569 | $9.0M | Add +0.5% |
| PANW Palo Alto Networks Inc. | 1.35% | 41,901 | $8.6M | Add +5.3% |
| FERG Ferguson Enterprises Inc. | 1.29% | 37,568 | $8.2M | Add +3.0% |
| IJR iShares Core S&P Small-Cap E | 1.26% | 73,186 | $8.0M | Add +2.6% |
| QCOM Qualcomm Inc. | 1.23% | 49,030 | $7.8M | Add +13.7% |
| IJH iShares Core S&P Midcap ETF | 1.23% | 125,774 | $7.8M | Add +1.4% |
| VOO Vanguard S&P 500 ETF | 1.21% | 13,532 | $7.7M | Reduce -0.5% |
| JNJ Johnson & Johnson | 1.20% | 49,733 | $7.6M | Add +3.7% |
| INTU Intuit Inc. | 1.19% | 9,546 | $7.5M | Add +5.7% |
| V Visa Inc. Class A | 1.17% | 20,930 | $7.4M | Add +4.6% |
| XOM Exxon Mobil Corp. | 1.13% | 66,249 | $7.1M | Add +6.9% |
| T AT&T Inc. | 1.12% | 246,038 | $7.1M | Add +2.8% |
| D Dominion Energy Inc. | 1.07% | 119,736 | $6.8M | Add +4.8% |
| AMT American Tower Corp. | 1.04% | 29,866 | $6.6M | Add +2.0% |
| O Realty Income Corp. | 1.04% | 114,516 | $6.6M | Add +3.9% |
| IWF iShares Russell 1000 Growth | 1.01% | 15,135 | $6.4M | Add +0.1% |
| HD Home Depot Inc. | 1.01% | 17,464 | $6.4M | Add +5.5% |
| ASML ASML Holding NV-NY Reg SHS | 0.99% | 7,857 | $6.3M | Add +10.8% |
| AMGN Amgen Inc. | 0.95% | 21,628 | $6.0M | Add +6.7% |
| CRH CRH PLC | 0.95% | 65,332 | $6.0M | Add +2.3% |
| KKR KKR & Co. Inc. | 0.89% | 42,385 | $5.6M | New |
| OMC Omnicom Group | 0.88% | 78,003 | $5.6M | Add +11.4% |
| SRLN SS Blackstone Sr Loan ETF | 0.88% | 133,558 | $5.6M | Add +4.3% |
| WSO Watsco Inc. | 0.85% | 12,236 | $5.4M | New |
| DVN Devon Energy Corp. | 0.84% | 168,320 | $5.4M | Reduce -0.7% |
| QQQ Invesco QQQ Trust Series 1 | 0.80% | 9,246 | $5.1M | Reduce -52.1% |
| BAM Brookfield Asset Mgmt-A | 0.80% | 92,046 | $5.1M | Add +5.5% |
| ORLY O'reilly Automotive Inc. | 0.78% | 54,590 | $4.9M | Add +4.0% |
| BABA Alibaba Group Holding-SP ADR | 0.73% | 40,901 | $4.6M | Add +4.2% |
| KNSL Kinsale Capital Group Inc. | 0.72% | 9,385 | $4.5M | Add +8.8% |
| ISRG Intuitive Surgical Inc. | 0.69% | 8,066 | $4.4M | Add +7.0% |
| MLM Martin Marietta Materials | 0.66% | 7,659 | $4.2M | New |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 0.62% | 3,763 | $3.9M | Add +5.7% |
| NOW ServiceNow Inc. | 0.61% | 3,760 | $3.9M | Add +7.3% |
| NFLX Netflix Inc. | 0.60% | 2,836 | $3.8M | Add +3.9% |
| CDNS Cadence Design SYS Inc. | 0.59% | 12,095 | $3.7M | New |
| JNK SS SPDR BB High Yield Bond | 0.58% | 38,029 | $3.7M | Add +12.2% |
| AGG iShares Core U.S. Aggregate | 0.58% | 36,996 | $3.7M | Add +56.6% |
| IEF iShares 7-10 Year Treasury B | 0.57% | 37,989 | $3.6M | Add +5.9% |
| DHR Danaher Corp. | 0.52% | 16,621 | $3.3M | Add +9.4% |
| AOA iShares Core 80/20 Aggressiv | 0.49% | 37,462 | $3.1M | Add +1.0% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.46% | 4 | $2.9M | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.39% | 4,022 | $2.5M | Add +7.0% |
| VEA Vanguard Ftse Developed ETF | 0.39% | 43,091 | $2.5M | Add +1.3% |
| DBMF Imgp Dbi MFT STR ETF-Usd Inc. | 0.38% | 92,471 | $2.4M | Add +131.7% |
| VGSH Vanguard Short-Term Treasury | 0.32% | 34,840 | $2.0M | Add +23.1% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.29% | 7,822 | $1.9M | No change |
| COF Capital One Financial Corp. | 0.28% | 8,330 | $1.8M | Reduce -2.1% |
| VNQI Vanguard GLBL Ex-US Real Est | 0.27% | 37,115 | $1.7M | No change |
| AUB Atlantic Union Bankshares Co. | 0.26% | 53,020 | $1.7M | Reduce -12.2% |
| BRNY Burney US Factor Rotation | 0.26% | 36,520 | $1.6M | No change |
| KO The Coca-Cola Co. | 0.25% | 22,244 | $1.6M | Add +11.2% |
| GLD SPDR Gold Shares | 0.25% | 5,105 | $1.6M | Add +74.0% |
| TQQQ Proshares Ultrapro QQQ | 0.23% | 17,950 | $1.5M | No change |
| GOOG Alphabet Inc. Class C | 0.23% | 8,282 | $1.5M | Add +6.1% |
| PDBC Invesco Optimum Yield Divers | 0.22% | 107,523 | $1.4M | Add +132.4% |
| LLY Eli Lilly & Co. | 0.21% | 1,698 | $1.3M | Reduce -1.7% |
| PNC PNC Financial Services Group | 0.19% | 6,632 | $1.2M | Reduce -3.8% |
| CVX Chevron Corp. | 0.19% | 8,409 | $1.2M | Add +4.3% |
| MA Mastercard Inc. Class A | 0.18% | 2,086 | $1.2M | Add +3.9% |
| SDY SS SPDR S&P Dividend ETF | 0.18% | 8,328 | $1.1M | Add +106.8% |
| GBIL Goldman Sachs Access Treasur | 0.18% | 11,224 | $1.1M | New |
| CSCO Cisco Systems Inc. | 0.16% | 15,017 | $1.0M | Reduce -11.2% |
| ABBV Abbvie Inc. | 0.16% | 5,579 | $1.0M | Add +2.8% |
| MSTR Strategy Inc. filed as MICROSTRATEGY INC | 0.15% | 2,426 | $981K | Add +71.5% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.15% | 2,236 | $980K | Add +4.7% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.14% | 12,717 | $878K | Add +50.3% |
| VIG Vanguard Dividend Apprec ETF | 0.14% | 4,283 | $877K | Reduce -1.4% |
| COST Costco Wholesale Corp. | 0.14% | 880 | $871K | Add +35.6% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.14% | 4,429 | $864K | No change |
| IIIN Insteel Industries Inc. | 0.14% | 23,084 | $859K | Reduce -63.5% |
| UDOW Proshares Ultrapro DOW30 | 0.13% | 8,980 | $848K | No change |
| ELV Elevance Health Inc. | 0.13% | 2,099 | $816K | Add +237.5% |
| TSLA Tesla Inc. | 0.12% | 2,485 | $789K | Reduce -1.8% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.12% | 19,397 | $785K | Add +1.4% |
| META Meta Platforms Inc. Class A | 0.12% | 1,054 | $778K | Add +79.3% |
| SPEM State Street SP PTF Em ETF | 0.12% | 17,378 | $743K | Add +6.6% |
| ARCC Ares Capital Corp. | 0.11% | 31,928 | $701K | Add +2.2% |
| TFC Truist Financial Corp. | 0.11% | 16,092 | $692K | Add +0.6% |
| RTX RTX Corp. | 0.10% | 4,482 | $654K | Add +6.2% |
| PLTR Palantir Technologies Inc. Class A | 0.10% | 4,572 | $623K | Add +9.5% |
| CAT Caterpillar Inc. | 0.10% | 1,600 | $621K | Add +4.2% |
| VTI VG Morningstar TS MKT ETF-US | 0.10% | 2,004 | $609K | New |
Portfolio Sells Q1 2025 → Q2 2025
| ODFL Old Dominion Freight Line | Reduce -23.1% | 10.20% | −4.16 |
| UPS United Parcel Service Class B | Sold out | 0.00% | −1.00 |
| ADBE Adobe Inc. | Sold out | 0.00% | −0.72 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -52.1% | 0.80% | −0.71 |
| MO Altria Group Inc. | Reduce -16.1% | 2.13% | −0.63 |
| CRM Salesforce Inc. | Sold out | 0.00% | −0.60 |
| SNPS Synopsys Inc. | Sold out | 0.00% | −0.56 |
| QLD Proshares Ultra QQQ | Sold out | 0.00% | −0.25 |
| DVN Devon Energy Corp. | Reduce -0.7% | 0.84% | −0.22 |
| IEI iShares 3-7 Year Treasury Bo | Reduce -0.6% | 2.44% | −0.15 |
| IIIN Insteel Industries Inc. | Reduce -63.5% | 0.14% | −0.14 |
| SW Smurfit Westrock PLC | Reduce -71.7% | 0.04% | −0.11 |
| AUB Atlantic Union Bankshares Co. | Reduce -12.2% | 0.26% | −0.05 |
| FBND Fidelity Total Bond ETF | Sold out | 0.00% | −0.04 |
| MUB iShares National Muni Bond E | Sold out | 0.00% | −0.04 |
| LLY Eli Lilly & Co. | Reduce -1.7% | 0.21% | −0.03 |
| USA Liberty All Star Equity Fund | Sold out | 0.00% | −0.02 |
| XJQCX Nuveen Credit Strategies Inc. | Sold out | 0.00% | −0.01 |
| CSCO Cisco Systems Inc. | Reduce -11.2% | 0.16% | −0.01 |
| EPD Enterprise Products Partners | Reduce -3.6% | 0.05% | −0.01 |
| PFE Pfizer Inc. | Reduce -3.5% | 0.06% | −0.01 |
| PNC PNC Financial Services Group | Reduce -3.8% | 0.19% | −0.01 |
| AOR iShares Core 60/40 Balanced | Reduce -10.1% | 0.05% | −0.01 |
| FSCO FS Credit Opportunities Corp. | Reduce -7.7% | 0.03% | −0.00 |
| MDY State Street SPDR S&P Midcap | Reduce -3.5% | 0.08% | −0.00 |
| VIG Vanguard Dividend Apprec ETF | Reduce -1.4% | 0.14% | −0.00 |
| VWO Vanguard Ftse Emerging Marke | Reduce -7.0% | 0.06% | −0.00 |
| LMT Lockheed Martin Corp. | Reduce -0.1% | 0.08% | −0.00 |
| IEV iShares Europe ETF | Reduce -1.6% | 0.07% | +0.00 |
| EEM iShares MSCI Emerging Market | Reduce -2.3% | 0.04% | +0.00 |
| NSC Norfolk Southern Corp. | Reduce -0.0% | 0.09% | +0.00 |
| VEU Vanguard Ftse All-World Ex-U | Reduce -1.4% | 0.09% | +0.00 |
| IBIT iShares Bitcoin Trust ETF | Reduce -13.8% | 0.05% | +0.00 |
| EMXC iShares MSCI Emr MRK Ex Chna | Reduce -2.9% | 0.07% | +0.00 |
| IGV iShares Expanded Tech-Softwa | Reduce -8.4% | 0.07% | +0.00 |
| IVV iShares Core S&P 500 ETF | Reduce -3.5% | 2.42% | +0.01 |
| TSLA Tesla Inc. | Reduce -1.8% | 0.12% | +0.01 |
| COF Capital One Financial Corp. | Reduce -2.1% | 0.28% | +0.02 |
| VOO Vanguard S&P 500 ETF | Reduce -0.5% | 1.21% | +0.04 |
| PM Philip Morris International | Reduce -1.8% | 2.83% | +0.16 |
| AVGO Broadcom Inc. | Reduce -0.1% | 2.58% | +0.91 |
Portfolio Buys Q1 2025 → Q2 2025
| MSFT Microsoft Corp. | Add +3.1% | 4.13% | +0.92 |
| KKR KKR & Co. Inc. | New | 0.89% | +0.89 |
| WSO Watsco Inc. | New | 0.85% | +0.85 |
| MLM Martin Marietta Materials | New | 0.66% | +0.66 |
| NVDA Nvidia Corp. | Add +5.2% | 2.08% | +0.64 |
| CDNS Cadence Design SYS Inc. | New | 0.59% | +0.59 |
| FERG Ferguson Enterprises Inc. | Add +3.0% | 1.29% | +0.31 |
| JPM JPMorgan Chase & Co. | Add +3.6% | 2.08% | +0.28 |
| AMZN Amazon.com Inc. | Add +11.9% | 1.51% | +0.27 |
| INTU Intuit Inc. | Add +5.7% | 1.19% | +0.26 |
| PANW Palo Alto Networks Inc. | Add +5.3% | 1.35% | +0.21 |
| DBMF Imgp Dbi MFT STR ETF-Usd Inc. | Add +131.7% | 0.38% | +0.21 |
| ASML ASML Holding NV-NY Reg SHS | Add +10.8% | 0.99% | +0.21 |
| GOOGL Alphabet Inc. Class A | Add +7.4% | 1.55% | +0.21 |
| AGG iShares Core U.S. Aggregate | Add +56.6% | 0.58% | +0.19 |
| GBIL Goldman Sachs Access Treasur | New | 0.18% | +0.18 |
| NFLX Netflix Inc. | Add +3.9% | 0.60% | +0.17 |
| NOW ServiceNow Inc. | Add +7.3% | 0.61% | +0.14 |
| QCOM Qualcomm Inc. | Add +13.7% | 1.23% | +0.12 |
| WMT Walmart Inc. | Add +2.1% | 1.74% | +0.12 |
| PDBC Invesco Optimum Yield Divers | Add +132.4% | 0.22% | +0.12 |
| BX Blackstone Inc. | Add +4.6% | 2.11% | +0.11 |
| GLD SPDR Gold Shares | Add +74.0% | 0.25% | +0.10 |
| IWF iShares Russell 1000 Growth | Add +0.1% | 1.01% | +0.10 |
| VTI VG Morningstar TS MKT ETF-US | New | 0.10% | +0.10 |
| BAM Brookfield Asset Mgmt-A | Add +5.5% | 0.80% | +0.09 |
| SDY SS SPDR S&P Dividend ETF | Add +106.8% | 0.18% | +0.09 |
| MSTR Strategy Inc. | Add +71.5% | 0.15% | +0.09 |
| OEF iShares S&P 100 ETF | Add +0.5% | 1.42% | +0.08 |
| XLK SS Technology Select Sector | New | 0.08% | +0.08 |
| ELV Elevance Health Inc. | Add +237.5% | 0.13% | +0.08 |
| IYW iShares Ustechnology ETF | New | 0.08% | +0.08 |
| ISRG Intuitive Surgical Inc. | Add +7.0% | 0.69% | +0.07 |
| META Meta Platforms Inc. Class A | Add +79.3% | 0.12% | +0.07 |
| IEFA iShares Core MSCI Eafe ETF | New | 0.06% | +0.06 |
| VYM Vanguard High DVD Yield ETF | New | 0.05% | +0.05 |
| BUFR FT Vest Lad Buffervetf-Usd I | New | 0.05% | +0.05 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | New | 0.05% | +0.05 |
| SCHW Schwab (charles) Corp. | New | 0.05% | +0.05 |
| BNDX Vanguard Total Intl Bond ETF | New | 0.05% | +0.05 |
| MIDD Middleby Corp. | New | 0.05% | +0.05 |
| BN Brookfield Corp. | New | 0.05% | +0.05 |
| VGSH Vanguard Short-Term Treasury | Add +23.1% | 0.32% | +0.04 |
| SCHX Schwab US Large-Cap ETF | New | 0.04% | +0.04 |
| BND Vanguard Total Bond Market | New | 0.04% | +0.04 |
| VIST Vista Energy Sab DE CV | New | 0.04% | +0.04 |
| JNK SS SPDR BB High Yield Bond | Add +12.2% | 0.58% | +0.04 |
| SCMB Schwab Municipal Bond ETF | New | 0.04% | +0.04 |
| AXON Axon Enterprise Inc. | New | 0.04% | +0.04 |
| DFIV Dimensional International Va | New | 0.04% | +0.04 |
Notes & Other Activity Q1 2025 → Q2 2025
| JQCNR Nuveen Credit Strategies-RTS | RIGHT 04/29/2025 | Sold out | 12,115 | $0before exit |
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 |