Heartland Express Inc (HTLD) shareholders
HTLDNasdaqTrucking (No Local)Fiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 6, 2026Score 7/3027% below fair value
$10.47+0.11 (+1.06%)
Close on Nov 13, 2026Market cap $809.67MP/E –Yield 0.76%
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
49.1%
38M of 77M shares
Institutional holders
200
43 new, 21 sold out
Net institutional buying
1M
In Q2 2026
Insider trades, 12 months
1 buys · 1 sales
Net sold $460.69K
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Gerdin Michael J | 31,953,890 | 40.70% | 13D (active) amendment | May 5, 2025 |
| Janssen Angela K Joint filing with Durr Julie J (27.70%), Gerdin Ann S (14.10%) and 1 more | 21,911,574 | 28.30% | 13G (passive) amendment | Jun 30, 2026 |
| BlackRock, Inc. | 6,293,357 | 8.10% | 13G (passive) amendment | Sep 30, 2025 |
| Dimensional Fund Advisors LP | 3,873,653 | 5.00% | 13G (passive) | Mar 31, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of HTLD | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 6,867,465 | 8.88% | $104.52M | +76,125 | 0.00% |
| Dimensional Fund Advisors LP | 4,003,566 | 5.18% | $60.94M | +129,913 | 0.01% |
| Vanguard Capital Management LLC | 2,067,376 | 2.67% | $31.47M | −175,056 | 0.00% |
| State Street Corp | 1,979,911 | 2.56% | $30.17M | −85,955 | 0.00% |
| American Century Companies Inc | 1,735,169 | 2.24% | $26.41M | −95,174 | 0.01% |
| Arrowstreet Capital, Limited Partnership | 1,374,534 | 1.78% | $20.92M | +785,724 | 0.01% |
| Two Sigma Investments, LP | 1,371,702 | 1.77% | $20.88M | −68,432 | 0.02% |
| Geode Capital Management, LLC | 1,174,602 | 1.52% | $17.88M | −9,356 | 0.00% |
| Ameriprise Financial Inc | 1,096,054 | 1.42% | $16.68M | +112,563 | 0.00% |
| Charles Schwab Investment Management Inc | 973,500 | 1.26% | $14.82M | −116,050 | 0.00% |
| Wallace Capital Management Inc. | 965,007 | 1.25% | $14.69M | −6,060 | 1.61% |
| Vanguard Portfolio Management LLC | 819,448 | 1.06% | $12.47M | +7,804 | 0.00% |
| Bridgeway Capital Management, LLC | 533,534 | 0.69% | $8.12M | +25,740 | 0.14% |
| Morgan Stanley | 493,746 | 0.64% | $7.51M | +23,029 | 0.00% |
| Goldman Sachs Group Inc | 491,186 | 0.64% | $7.48M | −139,495 | 0.00% |
| Citadel Advisors LLC | 485,506 | 0.63% | $7.39M | +436,333 | 0.00% |
| EVR Research LP | 480,000 | 0.62% | $7.31M | +150,000 | 3.61% |
| Frontier Capital Management Co LLC | 468,578 | 0.61% | $7.13M | New | 0.07% |
| Dean Investment Associates, LLC | 458,623 | 0.59% | $6.98M | +110,092 | 0.92% |
| Northern Trust Corp | 444,818 | 0.58% | $6.77M | −4,467 | 0.00% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 200 | 38M | 49.1% | 43 / 53 | 60 / 21 | 5M | 4M |
| Q1 2026 | 182 | 37M | 47.5% | 29 / 69 | 48 / 18 | 7M | 4M |
| Q4 2025 | 174 | 37M | 47.5% | 21 / 64 | 66 / 23 | 3M | 4M |
| Q3 2025 | 177 | 37M | 48.2% | 30 / 62 | 59 / 29 | 5M | 7M |
| Q2 2025 | 177 | 39M | 49.9% | 23 / 83 | 49 / 33 | 6M | 4M |
| Q1 2025 | 188 | 37M | 48.0% | 38 / 67 | 65 / 24 | 5M | 6M |
| Q4 2024 | 176 | 40M | 51.3% | 30 / 53 | 60 / 16 | 3M | 3M |
| Q3 2024 | 163 | 40M | 51.7% | 25 / 59 | 54 / 14 | 11M | 5M |
| Q2 2024 | 154 | 41M | 52.7% | 27 / 62 | 44 / 39 | 4M | 8M |
| Q1 2024 | 168 | 45M | 58.5% | 32 / 55 | 57 / 22 | 4M | 3M |
| Q4 2023 | 158 | 45M | 57.9% | 19 / 49 | 64 / 18 | 5M | 3M |
| Q3 2023 | 158 | 43M | 55.1% | 13 / 55 | 58 / 18 | 3M | 3M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
221 funds held HTLD in Q2 2026, 57% of their shares through ETFs. Each fund counts once per quarter, from its quarter-end report.
| Fund | Shares | % of HTLD | Value | % of fund | As of |
|---|---|---|---|---|---|
| iShares Core S&P Small-Cap ETF | 2,755,028 | 3.56% | $41.93M | 0.04% | Jun 30, 2026 |
| Vanguard Total Stock Market Index Fund | 1,493,433 | 1.93% | $22.73M | 0.00% | Jun 30, 2026 |
| Avantis U.S. Small Cap Value ETF | 1,369,702 | 1.77% | $20.53M | 0.08% | May 31, 2026 |
| U.S. Small Cap Value Portfolio | 1,038,860 | 1.34% | $12.71M | 0.07% | Jul 31, 2026 |
| iShares Russell 2000 ETF | 1,006,609 | 1.30% | $15.32M | 0.02% | Jun 30, 2026 |
| Columbia Small Cap Value Discovery Fund | 708,516 | 0.92% | $8.67M | 0.35% | Jul 31, 2026 |
| Vanguard Extended Market Index Fund | 524,612 | 0.68% | $7.98M | 0.01% | Jun 30, 2026 |
| Dimensional U.S. Targeted Value ETF | 511,976 | 0.66% | $6.26M | 0.04% | Jul 31, 2026 |
| Dean Small Cap Value | 455,819 | 0.59% | $6.94M | 3.58% | Jun 30, 2026 |
| Dimensional US Small Cap Value ETF | 450,603 | 0.58% | $5.51M | 0.07% | Jul 31, 2026 |
| U.S. Targeted Value Portfolio | 446,393 | 0.58% | $5.46M | 0.03% | Jul 31, 2026 |
| Fidelity Small Cap Index Fund | 424,900 | 0.55% | $5.20M | 0.02% | Jul 31, 2026 |
| State Street(R) SPDR(R) Portfolio S&P 600(TM) Small Cap ETF | 417,017 | 0.54% | $6.35M | 0.04% | Jun 30, 2026 |
| iShares S&P Small-Cap 600 Value ETF | 396,233 | 0.51% | $6.03M | 0.08% | Jun 30, 2026 |
| iShares Russell 2000 Value ETF | 369,460 | 0.48% | $5.62M | 0.04% | Jun 30, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Michael J. Gerdin | Chief Executive Officer, Director, 10% owner | 23,472,506 | 30.35% | May 21, 2026 |
| Kris Eric Eickman | VP of Information Technology | 8,487 | 0.01% | May 18, 2026 |
| Christopher Alan Strain | Vice President/CFO/Treasurer | 21,500 | 0.03% | May 18, 2026 |
| Kent Daryl Rigdon | Chief Operating Officer | 1,360 | 0.00% | May 18, 2026 |
| Joshua Stefan Helmich | CAO and Secretary | 8,113 | 0.01% | May 18, 2026 |
| Todd Allan Trimble | VP of Safety and Security | 13,287 | 0.02% | Apr 3, 2025 |
| James G. Pratt | Director | 58,429 | 0.08% | Sep 2, 2026 |
| David Paul Millis | Director | 28,387 | 0.04% | Jun 17, 2026 |
| David P. Spalding | Director | 2,000 | 0.00% | Jun 12, 2026 |
| Amanda Hupfeld | Director | 2,000 | 0.00% | May 14, 2025 |
| Julie J. Durr | – | 22,522,813 | 29.12% | May 21, 2026 |
| Angela K. Janssen | – | 12,705,818 | 16.43% | May 21, 2026 |
| S. Gerdin Revocable Trust Ann | 10% owner | 23,152,643 | 29.94% | May 21, 2026 |
| Ann S. Gerdin | 10% owner | 16,907,769 | 21.86% | May 21, 2026 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| James G. Pratt Director | Aug 31, 2026 | Award | +5,000 | – | – | 35,000 |
| David Paul Millis Director | Jun 15, 2026 | Sale | −31,402 | $15.67 | $492.07K | 28,387 |
| David P. Spalding Director | Jun 10, 2026 | Buy | +2,000 | $15.69 | $31.38K | 2,000 |
| Michael J. Gerdin Chief Executive Officer, Director, 10% owner | May 19, 2026 | Gift | +4,474,456 | – | – | 8,939,532 |
| Michael J. Gerdin Chief Executive Officer, Director, 10% owner | May 19, 2026 | Gift | −4,474,456 | – | – | 10,000,000 |
| Ann S. Gerdin 10% owner | May 19, 2026 | Gift | +4,474,456 | – | – | 8,939,532 |
| Kris Eric Eickman VP of Information Technology | May 15, 2026 | Award | +500 | – | – | 8,487 |
| Kris Eric Eickman VP of Information Technology | May 15, 2026 | Tax withholding | −167 | $13.30 | $2.22K | 8,320 |
| Angela K. Janssen – | May 15, 2026 | Award | +500 | – | – | 9,313 |
| Joshua Stefan Helmich CAO and Secretary | May 15, 2026 | Award | +500 | – | – | 8,113 |
| Joshua Stefan Helmich CAO and Secretary | May 15, 2026 | Tax withholding | −167 | $13.30 | $2.22K | 7,946 |
| Christopher Alan Strain Vice President/CFO/Treasurer | May 15, 2026 | Award | +500 | – | – | 21,500 |
| Kent Daryl Rigdon Chief Operating Officer | May 15, 2026 | Tax withholding | −167 | $13.30 | $2.22K | 1,360 |
| Kent Daryl Rigdon Chief Operating Officer | May 15, 2026 | Award | +500 | – | – | 1,527 |
| David Paul Millis President of Millis Transfer, Director | Apr 24, 2026 | Award | +2,000 | – | – | 60,534 |
| David Paul Millis President of Millis Transfer, Director | Apr 24, 2026 | Tax withholding | −746 | $13.03 | $9.72K | 59,788 |
| David Paul Millis President of Millis Transfer, Director | Apr 22, 2026 | Award | +2,866 | – | – | 59,603 |
| David Paul Millis President of Millis Transfer, Director | Apr 22, 2026 | Tax withholding | −1,069 | $11.58 | $12.38K | 58,534 |
| Michael J. Gerdin Chief Executive Officer, Director, 10% owner | Dec 1, 2025 | Gift | +10,000,000 | – | – | 14,474,456 |
| Michael J. Gerdin Chief Executive Officer, Director, 10% owner | Dec 1, 2025 | Gift | −10,000,000 | – | – | 4,465,076 |
| Angela K. Janssen – | Dec 1, 2025 | Gift | −10,000,000 | – | – | 4,465,076 |
| David Paul Millis President of Millis Transfer, Director | Oct 22, 2025 | Award | +11,947 | – | – | 60,666 |
| David Paul Millis President of Millis Transfer, Director | Oct 22, 2025 | Tax withholding | −3,929 | $8.37 | $32.89K | 56,737 |
| Joshua Stefan Helmich SVP and CFO of CFI | Oct 1, 2025 | Tax withholding | −70 | $8.33 | $583 | 7,613 |
| Kent Daryl Rigdon Chief Operating Officer | Oct 1, 2025 | Tax withholding | −70 | $8.33 | $583 | 1,027 |
| Michael J. Gerdin Chief Executive Officer, Director, 10% owner | Aug 18, 2025 | Buy | +24,798 | $8.19 | $203.10K | 1,491,868 |
| Michael J. Gerdin Chief Executive Officer, Director, 10% owner | Aug 15, 2025 | Buy | +3,888 | $8.20 | $31.88K | 1,467,070 |
| Michael J. Gerdin Chief Executive Officer, Director, 10% owner | Aug 14, 2025 | Buy | +1,314 | $8.20 | $10.77K | 1,463,182 |
| Kent Daryl Rigdon Chief Operating Officer | Jul 1, 2025 | Tax withholding | −86 | $8.93 | $768 | 1,097 |
| Joshua Stefan Helmich SVP and CFO of CFI | Jul 1, 2025 | Tax withholding | −86 | $8.93 | $768 | 7,683 |
| S. Gerdin Revocable Trust Ann 10% owner | May 14, 2025 | Gift | +5,525,544 | – | – | 14,465,076 |
| James G. Pratt Director | May 14, 2025 | Buy | +6,571 | $8.96 | $58.88K | 30,000 |
| Michael J. Gerdin Chief Executive Officer, Director, 10% owner | May 14, 2025 | Gift | −5,525,544 | – | – | 4,474,456 |
| Michael J. Gerdin Chief Executive Officer, Director, 10% owner | May 14, 2025 | Gift | +5,525,544 | – | – | 14,465,076 |
| Angela K. Janssen – | May 12, 2025 | Buy | +167,644 | $8.95 | $1.50M | 1,214,500 |
| Amanda Hupfeld Director | May 12, 2025 | Buy | +2,000 | $8.76 | $17.52K | 2,000 |
| Michael J. Gerdin Chief Executive Officer, Director, 10% owner | May 9, 2025 | Buy | +148,272 | $8.50 | $1.26M | 438,282 |
| Angela K. Janssen – | May 8, 2025 | Buy | +100,149 | $8.23 | $824.23K | 1,700,249 |
| Angela K. Janssen – | May 7, 2025 | Buy | +148,272 | $7.70 | $1.14M | 1,046,856 |
| Angela K. Janssen – | May 6, 2025 | Buy | +148,272 | $7.60 | $1.13M | 1,600,100 |
| Michael J. Gerdin Chief Executive Officer, Director, 10% owner | May 5, 2025 | Buy | +148,272 | $7.85 | $1.16M | 1,461,868 |
| Joshua Stefan Helmich SVP and CFO of CFI | Apr 1, 2025 | Tax withholding | −83 | $9.30 | $772 | 7,769 |
| Todd Allan Trimble VP of Safety and Security | Apr 1, 2025 | Tax withholding | −83 | $9.30 | $772 | 13,287 |
| Kent Daryl Rigdon Chief Operating Officer | Apr 1, 2025 | Tax withholding | −78 | $9.30 | $725 | 2,316 |
| Julie J. Durr – | Jan 1, 2025 | Award | +1,000 | – | – | 8,813 |
| Joshua Stefan Helmich SVP and CFO of CFI | Jan 1, 2025 | Award | +1,000 | – | – | 7,852 |
| Todd Allan Trimble VP of Safety and Security | Jan 1, 2025 | Award | +1,000 | – | – | 13,453 |
| Todd Allan Trimble VP of Safety and Security | Jan 1, 2025 | Tax withholding | −83 | $10.96 | $910 | 13,370 |
| Christopher Alan Strain Vice President/CFO/Treasurer | Jan 1, 2025 | Award | +1,000 | – | – | 21,000 |
| Kris Eric Eickman VP of Information Technology | Jan 1, 2025 | Award | +1,000 | – | – | 7,987 |
| Kent Daryl Rigdon Chief Operating Officer | Jan 1, 2025 | Tax withholding | −83 | $10.96 | $910 | 2,394 |
| Kent Daryl Rigdon Chief Operating Officer | Jan 1, 2025 | Award | +1,000 | – | – | 2,477 |
| David Paul Millis President of Millis Transfer, Director | Dec 19, 2024 | Award | +8,489 | $11.57 | $98.22K | 48,719 |
| Ann S. Gerdin 10% owner | Dec 2, 2024 | Gift | +429,094 | – | – | 8,939,532 |
| Michael J. Gerdin Chief Executive Officer, Director, 10% owner | Dec 2, 2024 | Gift | +429,094 | – | – | 8,939,532 |
| Michael J. Gerdin Chief Executive Officer, Director, 10% owner | Dec 2, 2024 | Gift | −429,094 | – | – | 10,000,000 |
| Angela K. Janssen – | Nov 18, 2024 | Buy | +49,506 | $12.24 | $605.95K | 898,584 |
| Michael J. Gerdin Chief Executive Officer, Director, 10% owner | Nov 12, 2024 | Buy | +1,683 | $11.99 | $20.18K | 1,313,596 |
| Michael J. Gerdin Chief Executive Officer, Director, 10% owner | Nov 8, 2024 | Buy | +35,960 | $11.97 | $430.44K | 1,311,913 |
| Michael J. Gerdin Chief Executive Officer, Director, 10% owner | Nov 7, 2024 | Buy | +10,951 | $11.99 | $131.30K | 1,275,953 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Short interest
Shares sold short and not yet bought back, as of Oct 30, 2026 (FINRA, reported twice a month)
Short % of float
7.54%
3M shares short
Days to cover
5.2
At 1M shares a day
Change since last report
+1.4%
From 3M shares
Short volume, 20 days
54.2%
Of volume reported to FINRA
Shares sold short, last 12 months
Short sale volume counts trades marked short on any given day, including market-maker hedging, so it runs far higher than the share of Heartland Express's stock actually held short. Settlement fails (shares not delivered on time) peaked at 45,077 shares on Sep 24, 2026 over the last 90 days.
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