GXO LOGISTICS INCORPORATED GXO
COMMON STOCK · Common Stock · CUSIP 36262G101 · ISIN US36262G1013
GXO, Inc. is a provider of technologically advanced supply chain and ecommerce solutions for customers globally.
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($9.6m this quarter). Holder counts are more reliable. Shares outstanding: 119.3m as of 2024-02-12, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $61.12. Options: 17 managers hold calls ($61.2m notional), 14 hold puts ($77.2m).
Trends to Q4 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 409 |
| Q4 2022 | 431 |
| Q1 2023 | 450 |
| Q2 2023 | 464 |
| Q3 2023 | 458 |
| Q4 2023 | 494 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 209 | 205 |
| Q1 2023 | 219 | 195 |
| Q2 2023 | 215 | 205 |
| Q3 2023 | 184 | 222 |
| Q4 2023 | 217 | 205 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2023 | $31.7m | $28.6m | 0.90 |
| Q2 2023 | $43.2m | $56.5m | 1.31 |
| Q3 2023 | $32.2m | $14.6m | 0.45 |
| Q4 2023 | $61.2m | $77.2m | 1.26 |
Biggest buyers
| MORGAN STANLEY | Added | +3.6m |
| JPMORGAN CHASE & CO | Added | +1.2m |
| AXA S.A. | Added | +1.1m |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp | Added | +915.4k |
| NEUBERGER BERMAN GROUP LLC | Added | +654.1k |
| AMERICAN CENTURY COMPANIES INC | Added | +639.2k |
| SCOPUS ASSET MANAGEMENT, L.P. | New | +559.9k |
| Handelsbanken Fonder AB | Added | +552.0k |
| FIRST TRUST ADVISORS LP | Added | +171.0k |
| Amundi | Added | +145.8k |
Biggest sellers
| LORD, ABBETT & CO. LLC | Sold out | -1.1m |
| Hood River Capital Management LLC | Sold out | -820.9k |
| Orbis Allan Gray Ltd | Reduced | -599.8k |
| CITADEL ADVISORS LLC | Reduced | -402.5k |
| CARDINAL CAPITAL MANAGEMENT LLC /CT | Reduced | -230.1k |
| DIMENSIONAL FUND ADVISORS LP | Reduced | -216.8k |
| ALLIANCEBERNSTEIN L.P. | Reduced | -200.8k |
| J. Goldman & Co LP | Sold out | -188.3k |
| Driehaus Capital Management LLC | Reduced | -180.3k |
| BlackRock Inc. | Reduced | -176.9k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $19.0m310.0k shares |
| CITADEL ADVISORS LLC | Added | $10.1m165.2k shares |
| NOMURA HOLDINGS INC | New | $7.8m127.8k shares |
| JANE STREET GROUP, LLC | Added | $5.9m96.6k shares |
| Parallax Volatility Advisers, L.P. | Added | $4.5m73.4k shares |
| GROUP ONE TRADING LLC | Added | $4.0m65.1k shares |
| Walleye Trading LLC | Added | $3.1m50.0k shares |
| TORNO CAPITAL, LLC | First filing | $2.4m38.8k shares |
| SIMPLEX TRADING, LLC | Added | $1.7m27.1k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $1.5m25.0k shares |
Biggest puts
| SCOPUS ASSET MANAGEMENT, L.P. | New | $30.6m500.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $13.9m226.5k shares |
| NOMURA HOLDINGS INC | New | $13.5m220.0k shares |
| CITADEL ADVISORS LLC | Added | $9.0m147.6k shares |
| JANE STREET GROUP, LLC | Added | $3.0m48.4k shares |
| Lombard Odier Asset Management (USA) Corp | Unchanged | $2.8m45.0k shares |
| SIMPLEX TRADING, LLC | Added | $2.5m41.7k shares |
| CAPITAL FUND MANAGEMENT S.A. | New | $868.5k14.2k shares |
| PEAK6 Investments LLC | New | $470.9k7.7k shares |
| Squarepoint Ops LLC | New | $220.2k3.6k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| ORBIS INVESTMENT MANAGEMENT LTD 13G · institution -0.2 pts · filed 2026-02-17 | 11.3% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 5.2% |
| SPRUCE HOUSE INVESTMENT MANAGEMENT LLC 13G · passive investor new · filed 2026-07-21 | 5.2% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q4 2023
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q1 2022 | 0 | — | 1 | $282.2k | — |
| Q2 2022 | 0 | — | 1 | $311.8m | — |
| Q3 2022 | 0 | — | 1 | $249.8m | — |
| Q4 2022 | 1 | $183.5k | 0 | — | — |
| Q1 2023 | 0 | — | 1 | $111.8k | — |
| Q2 2023 | 0 | — | 0 | — | — |
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 0 | — | — |
None reported in Q4 2023.
Holders, Q4 2023
| Manager | Shares | Change |
|---|---|---|
| Orbis Allan Gray Ltd 5.76% of their portfolio | 15.0m $917.0m | Reduced -599.8k |
| VANGUARD GROUP INC 0.01% of their portfolio | 11.1m $681.7m | Added +72.8k |
| BlackRock Inc. 0.02% of their portfolio | 10.6m $648.4m | Reduced -176.9k |
| MORGAN STANLEY 0.02% of their portfolio | 6.7m $406.8m | Added +3.6m |
| Perpetual Ltd 3.19% of their portfolio | 5.1m $309.4m | Reduced -39.5k |
| AMERICAN CENTURY COMPANIES INC 0.16% of their portfolio | 3.9m $238.2m | Added +639.2k |
| STATE STREET CORP 0.01% of their portfolio | 3.5m $213.2m | Added +96.9k |
| Clearbridge Investments, LLC 0.15% of their portfolio | 2.9m $179.9m | Added +75.7k |
| NEUBERGER BERMAN GROUP LLC 0.13% of their portfolio | 2.5m $152.4m | Added +654.1k |
| FMR LLC 0.01% of their portfolio | 2.3m $139.5m | Added +107.7k |
| AXA S.A. 0.21% of their portfolio | 2.1m $130.0m | Added +1.1m |
| Amundi 0.05% of their portfolio | 2.0m $118.2m | Added +145.8k |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 1.8m $112.3m | Reduced -216.8k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 1.8m $111.7m | Added +57.9k |
| MAR VISTA INVESTMENT PARTNERS LLC 4.28% of their portfolio | 1.5m $93.8m | Reduced -94.6k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.5m $92.1m | Added +1.2m |
| Invesco Ltd. 0.02% of their portfolio | 1.5m $90.5m | Added +14.1k |
| CARDINAL CAPITAL MANAGEMENT LLC /CT 3.65% of their portfolio | 1.3m $79.6m | Reduced -230.1k |
| Swedbank AB 0.13% of their portfolio | 1.3m $79.5m | Reduced -75.0k |
| FORT PITT CAPITAL GROUP, LLC 2.32% of their portfolio | 1.2m $70.7m | Added +6.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 1.1m $69.4m | Added +21.5k |
| FEDERATED HERMES, INC. 0.17% of their portfolio | 1.1m $68.9m | Added +33.3k |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.54% of their portfolio | 1.1m $65.5m | Added +915.4k |
| NORGES BANK 0.01% of their portfolio | 1.1m $65.0m | Reduced -81.7k |
| Baird Financial Group, Inc. 0.15% of their portfolio | 1.1m $64.9m | Added +5.3k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 1.1m $64.8m | Reduced -30.0k |
| WELLS FARGO & COMPANY/MN 0.02% of their portfolio | 933.9k $57.1m | Reduced -121.2k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 915.8k $56.0m | Reduced -7.3k |
| PRINCIPAL FINANCIAL GROUP INC 0.03% of their portfolio | 878.5k $53.7m | Added +18.2k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 838.6k $51.3m | Added +2.8k |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.12% of their portfolio | 683.9k $41.8m | Reduced -71.0k |
| Heard Capital LLC 2.51% of their portfolio | 613.3k $37.5m | Added +30.9k |
| Advisors Capital Management, LLC 0.75% of their portfolio | 601.4k $36.8m | Reduced -79 |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 572.8k $35.0m | Reduced -4.3k |
| Handelsbanken Fonder AB 0.17% of their portfolio | 570.2k $34.9m | Added +552.0k |
| SCOPUS ASSET MANAGEMENT, L.P. 1.45% of their portfolio | 559.9k $34.2m | New |
| REINHART PARTNERS, LLC. 1.46% of their portfolio | 541.1k $33.1m | Added +54.8k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 484.6k $29.6m | Reduced -5.9k |
| Douglas Lane & Associates, LLC 0.43% of their portfolio | 455.1k $27.8m | Reduced -51.6k |
| Legal & General Group Plc 0.01% of their portfolio | 450.0k $27.5m | Reduced -38.1k |
| VICTORY CAPITAL MANAGEMENT INC 0.03% of their portfolio | 404.4k $24.7m | Reduced -65.0k |
| SEI INVESTMENTS CO 0.04% of their portfolio | 403.7k $24.7m | Reduced -4.3k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 402.0k $24.6m | Reduced -849 |
| Aristotle Capital Boston, LLC 0.68% of their portfolio | 362.0k $22.1m | Added +21.1k |
| MACQUARIE GROUP LTD 0.03% of their portfolio | 358.4k $21.9m | Added +12.2k |
| Carnegie Investment Counsel 0.74% of their portfolio | 353.4k $21.6m | Added +43.3k |
| PAYDEN & RYGEL 1.52% of their portfolio | 342.9k $21.0m | Added +31.4k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 338.4k $20.7m | Reduced -18.2k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 332.3k $20.3m | Reduced -27.4k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 326.8k $20.0m | Added +6.6k |
| Retirement Systems of Alabama 0.08% of their portfolio | 299.9k $18.3m | Reduced -7.1k |
| Penn Capital Management Company, LLC 1.64% of their portfolio | 291.8k $17.9m | Added +18.1k |
| Russell Investments Group, Ltd. 0.03% of their portfolio | 287.1k $17.6m | Reduced -63.0k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.02% of their portfolio | 253.0k $15.5m | Added +3.0k |
| FISHMAN JAY A LTD/MI 1.76% of their portfolio | 251.9k $15.4m | Reduced -3.1k |
| Corient Private Wealth LP 0.03% of their portfolio | 251.6k $15.4m | Added +9.7k |
| Harel Insurance Investments & Financial Services Ltd. 0.26% of their portfolio | 243.6k $14.9m | Added +116.4k |
| VOYA INVESTMENT MANAGEMENT LLC 0.02% of their portfolio | 239.2k $14.6m | Reduced -64.5k |
| Bayberry Capital Partners LP 5.06% of their portfolio | 238.0k $14.6m | Added +76.0k |
| RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio | 236.4k $14.5m | Reduced -807 |
| Swiss National Bank 0.01% of their portfolio | 234.4k $14.3m | Reduced -27.1k |
| FIRST TRUST ADVISORS LP 0.02% of their portfolio | 233.0k $14.3m | Added +171.0k |
| PRIMECAP MANAGEMENT CO/CA/ 0.01% of their portfolio | 232.4k $14.2m | Unchanged |
| EXCHANGE TRADED CONCEPTS, LLC 0.36% of their portfolio | 220.9k $13.5m | Added +4.8k |
| EVENTIDE ASSET MANAGEMENT, LLC 0.22% of their portfolio | 220.2k $13.5m | Reduced -5 |
| California Public Employees Retirement System 0.01% of their portfolio | 205.4k $12.6m | Reduced -7.6k |
| FIL Ltd 0.01% of their portfolio | 201.5k $12.3m | Reduced -7.2k |
| CIBC WORLD MARKETS CORP 0.07% of their portfolio | 200.0k $12.2m | Unchanged |
| COMGEST GLOBAL INVESTORS S.A.S. 0.18% of their portfolio | 192.6k $11.8m | Added +29.5k |
| NATIONAL BANK OF CANADA /FI/ 0.02% of their portfolio | 189.2k $11.4m | Reduced -3.2k |
| WASHINGTON TRUST Co 0.45% of their portfolio | 184.7k $11.3m | Added +26.8k |
| Motley Fool Wealth Management, LLC 0.59% of their portfolio | 184.4k $11.3m | Added +69.0k |
| OMERS ADMINISTRATION Corp 0.14% of their portfolio | 182.9k $11.2m | Unchanged |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 177.8k $10.9m | Added +8.2k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 166.8k $10.2m | Reduced -200.8k |
| AMERICAN INTERNATIONAL GROUP, INC. 0.04% of their portfolio | 160.7k $9.8m | Reduced -6.9k |
| Motley Fool Asset Management LLC 0.73% of their portfolio | 159.2k $9.7m | Added +44.4k |
| CREDIT SUISSE AG/ 0.01% of their portfolio | 157.8k $9.7m | Added +4.8k |
| First Eagle Investment Management, LLC 0.02% of their portfolio | 156.1k $9.5m | Added +38.6k |
| PEREGRINE CAPITAL MANAGEMENT LLC 0.28% of their portfolio | 151.3k $9.3m | Reduced -17.3k |
| KENNEDY CAPITAL MANAGEMENT LLC 0.20% of their portfolio | 150.3k $9.2m | Added +5.4k |
| UBS Group AG 0.00% of their portfolio | 135.4k $8.3m | Added +16.9k |
| Crestline Management, L.P. 0.76% of their portfolio | 134.2k $8.2m | Added +23.7k |
| BROWN BROTHERS HARRIMAN & CO 0.07% of their portfolio | 134.0k $8.2m | New |
| BARCLAYS PLC 0.00% of their portfolio | 133.7k $8.2m | Added +61.3k |
| Asset Management One Co., Ltd. 0.03% of their portfolio | 132.9k $8.3m | Unchanged |
| Squarepoint Ops LLC 0.03% of their portfolio | 128.9k $7.9m | Added +84.9k |
| BLAIR WILLIAM & CO/IL 0.03% of their portfolio | 127.1k $7.8m | Reduced -4.0k |
| RK Capital Management, LLC 1.65% of their portfolio | 126.5k $7.7m | Reduced -30.3k |
| Lagoda Investment Management, L.P. 5.26% of their portfolio | 126.3k $7.7m | Reduced -2.1k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 126.0k $7.7m | Reduced -5.9k |
| FIRST SABREPOINT CAPITAL MANAGEMENT LP 3.48% of their portfolio | 125.0k $7.6m | Reduced -19.0k |
| PUTNAM INVESTMENTS LLC 0.01% of their portfolio | 124.9k $7.6m | Unchanged |
| Driehaus Capital Management LLC 0.08% of their portfolio | 115.2k $7.0m | Reduced -180.3k |
| TWINBEECH CAPITAL LP 0.11% of their portfolio | 113.5k $6.9m | New |
| CAPTRUST FINANCIAL ADVISORS 0.02% of their portfolio | 111.5k $6.8m | Added +7.5k |
| Balyasny Asset Management L.P. 0.02% of their portfolio | 111.4k $6.8m | Reduced -82.5k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio | 109.6k $6.7m | Added +67 |
| RICE HALL JAMES & ASSOCIATES, LLC 0.39% of their portfolio | 109.1k $6.7m | Reduced -484 |
| Ionic Capital Management LLC 3.15% of their portfolio | 108.0k $6.6m | Reduced -11.5k |