Encompass Capital has liquidated its entire stake in Knight-Swift Transportation Holdings, according to a recent quarterly filing. The disclosure, which reflects trades made between April 1 and June 30, 2026, revealed the sale of all 500,000 shares held by the investment firm. The position was previously valued at approximately $28.79 million and accounted for 0.86% of Encompass Capital's reported portfolio.
This exit by Encompass Capital occurred before Knight-Swift announced strong second-quarter earnings in late July, which surpassed analyst expectations. While the transportation company has seen recent positive performance, some analysts have raised concerns about longer-term trends, including declining earnings per share and return on invested capital over the past several years. It is important to note that 13F filings are delayed, and this trade does not reflect the investor's current holdings or sentiment.