D1 Capital Partners L.P. 13F: Cuts KNX Stake by $184M

D1 Capital Partners Trims Stake in Knight-Swift Transportation

D1 Capital Partners scaled back its investment in Knight-Swift Transportation Holdings Inc. NYSE:KNX, cutting its position by 2.22 million shares during the period. The adjustment left the prominent fund with 5,491,563 shares of the trucking operator at the close of the reporting window. Based on market prices, the remaining stake was valued at approximately $452.8 million.

Knight-Swift Stock Moves Near Yearly Highs

Shares of Knight-Swift changed hands around $82.45, sitting close to the upper end of its 52-week trading range of $38.63 to $82.86. The company carries a market capitalization of roughly $10.84 billion and trades at a forward P/E ratio of 16.5. Because 13F filings are historical documents that look backward at portfolio choices from the end of a prior quarter, this filing shows past adjustments rather than current trades.

Analysts Set New Price Targets

Wall Street research firms have actively adjusted their outlooks on the carrier in recent weeks. On October 13, 2026, UBS maintained its Buy rating while lowering its price target to $82.00 from $94.00. Stifel kept a Buy rating on October 8, 2026, lifting its target to $90.00 from $88.00. Citigroup maintained a Buy rating on October 7, 2026, lowering its target to $81.00 from $90.00. Wells Fargo kept an Overweight rating on October 6, 2026, adjusting its target to $81.00 from $86.00. JP Morgan maintained a Neutral rating on October 5, 2026, setting a $68.00 target down from $84.00. Susquehanna maintained a Positive rating on October 2, 2026, moving its target to $85.00 from $96.00. Bank of America Securities maintained a Buy rating on September 23, 2026, adjusting its target to $92.00 from $98.00, while Bernstein initiated coverage on September 10, 2026, with an Outperform rating and a $91.00 price target.

Freight Services Across North America

Knight-Swift Transportation Holdings operates as a freight carrier across the United States and Mexico, managing four main segments spanning truckload shipping, less-than-truckload transit, logistics brokerage, and intermodal rail services. The company handles regional and long-haul shipping for a broad client base that includes retail, food and beverage, and manufacturing customers. This scale makes its operational updates a widely watched barometer for the broader supply chain.

Looking Ahead at Upcoming Filings

Investors monitoring D1 Capital Partners will watch future SEC disclosures to see if the fund continues trimming its transportation exposure or stabilizes its position. Because institutional filings reflect historical holdings, they may not match the fund's live portfolio today. Knight-Swift is scheduled to publish its next financial results on October 21, 2026.