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 ($4.9m this quarter). Holder counts are more reliable. Shares outstanding: 119.5m as of 2024-11-01, 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 ≈ $52.04. Options: 20 managers hold calls ($58.1m notional), 18 hold puts ($71.3m).
Trends to Q3 2024
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 |
| Q1 2024 | 482 |
| Q2 2024 | 444 |
| Q3 2024 | 461 |
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 |
| Q1 2024 | 221 | 233 |
| Q2 2024 | 189 | 245 |
| Q3 2024 | 185 | 216 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2023 | $61.2m | $77.2m | 1.26 |
| Q1 2024 | $29.8m | $14.8m | 0.49 |
| Q2 2024 | $20.4m | $23.7m | 1.16 |
| Q3 2024 | $58.1m | $71.3m | 1.23 |
Biggest buyers
| Clearbridge Investments, LLC | Added | +1.2m |
| Global Alpha Capital Management Ltd. | New | +622.9k |
| COOPER CREEK PARTNERS MANAGEMENT LLC | Added | +501.0k |
| BROWN BROTHERS HARRIMAN & CO | Added | +495.8k |
| SCOPUS ASSET MANAGEMENT, L.P. | Added | +482.6k |
| SUMMITRY LLC | Added | +471.6k |
| River Road Asset Management, LLC | Added | +376.7k |
| DIMENSIONAL FUND ADVISORS LP | Added | +348.6k |
| EMINENCE CAPITAL, LP | Added | +218.3k |
| Eisler Capital (US) LLC | New | +131.8k |
Biggest sellers
| FMR LLC | Reduced | -1.2m |
| AXA S.A. | Reduced | -1.1m |
| Perpetual Ltd | Reduced | -377.6k |
| Invesco Ltd. | Reduced | -323.5k |
| MAR VISTA INVESTMENT PARTNERS LLC | Reduced | -311.2k |
| JPMORGAN CHASE & CO | Reduced | -283.0k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -249.3k |
| Harel Insurance Investments & Financial Services Ltd. | Reduced | -224.1k |
| CARDINAL CAPITAL MANAGEMENT LLC /CT | Sold out | -223.3k |
| RK Capital Management, LLC | Sold out | -223.2k |
Biggest calls
| CITIGROUP INC | New | $15.6m300.0k shares |
| CITADEL ADVISORS LLC | Added | $9.8m187.4k shares |
| Point72 Asset Management, L.P. | Added | $6.1m117.0k shares |
| JANE STREET GROUP, LLC | New | $4.3m82.4k shares |
| Walleye Capital LLC | Added | $3.3m63.2k shares |
| WOLVERINE TRADING, LLC | Added | $3.0m57.7k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $2.7m50.9k shares |
| IMC-Chicago, LLC | Added | $2.5m48.0k shares |
| Caption Management, LLC | Unchanged | $2.0m37.5k shares |
| SIMPLEX TRADING, LLC | Added | $1.8m35.1k shares |
Biggest puts
| SCOPUS ASSET MANAGEMENT, L.P. | New | $26.0m500.0k shares |
| CITIGROUP INC | New | $15.6m300.0k shares |
| CITADEL ADVISORS LLC | Reduced | $6.0m115.5k shares |
| D. E. Shaw & Co., Inc. | Added | $3.5m67.4k shares |
| JANE STREET GROUP, LLC | New | $3.2m61.5k shares |
| WOLVERINE TRADING, LLC | New | $2.5m48.0k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $2.5m47.4k shares |
| Point72 Asset Management, L.P. | Added | $2.3m44.7k shares |
| Cubist Systematic Strategies, LLC | Added | $2.0m38.9k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $2.0m37.8k 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 Q3 2024
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 |
|---|---|---|---|---|---|
| Q4 2022 | 1 | $183.5k | 0 | — | — |
| Q1 2023 | 0 | — | 1 | $111.8k | — |
| Q2 2023 | 0 | — | 0 | — | — |
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 1 | $1.5m | $612.0k |
| Q2 2024 | 1 | $499.5k | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
None reported in Q3 2024.
Holders, Q3 2024
| Manager | Shares | Change |
|---|---|---|
| Orbis Allan Gray Ltd 3.89% of their portfolio | 14.1m $734.8m | Reduced -16.3k |
| VANGUARD GROUP INC 0.01% of their portfolio | 11.1m $579.0m | Reduced -75.7k |
| BlackRock, Inc. 0.01% of their portfolio | 10.6m $550.3m | First filing |
| Clearbridge Investments, LLC 0.17% of their portfolio | 4.1m $212.2m | Added +1.2m |
| STATE STREET CORP 0.01% of their portfolio | 3.6m $189.1m | Added +66.2k |
| NEUBERGER BERMAN GROUP LLC 0.15% of their portfolio | 3.6m $188.3m | Reduced -14.9k |
| Perpetual Ltd 1.83% of their portfolio | 3.2m $169.0m | Reduced -377.6k |
| AMERICAN CENTURY COMPANIES INC 0.09% of their portfolio | 3.1m $161.3m | Reduced -124.2k |
| MORGAN STANLEY 0.01% of their portfolio | 2.9m $149.0m | Reduced -135.3k |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 2.7m $143.1m | Added +348.6k |
| FORT PITT CAPITAL GROUP, LLC 3.62% of their portfolio | 2.5m $128.5m | Added +51.2k |
| COOPER CREEK PARTNERS MANAGEMENT LLC 3.97% of their portfolio | 2.4m $123.0m | Added +501.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 2.0m $103.3m | Added +30.0k |
| Swedbank AB 0.12% of their portfolio | 1.8m $93.7m | Reduced -25.0k |
| EMINENCE CAPITAL, LP 1.42% of their portfolio | 1.8m $93.5m | Added +218.3k |
| Amundi 0.03% of their portfolio | 1.8m $89.4m | Added +109.0k |
| River Road Asset Management, LLC 0.89% of their portfolio | 1.3m $68.1m | Added +376.7k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 1.2m $62.4m | Added +18.0k |
| Invesco Ltd. 0.01% of their portfolio | 1.2m $60.3m | Reduced -323.5k |
| FMR LLC 0.00% of their portfolio | 1.1m $58.7m | Reduced -1.2m |
| FEDERATED HERMES, INC. 0.13% of their portfolio | 1.1m $58.6m | Added +452 |
| AXA S.A. 0.17% of their portfolio | 1.1m $55.8m | Reduced -1.1m |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 990.2k $51.6m | Reduced -283.0k |
| BROWN BROTHERS HARRIMAN & CO 0.34% of their portfolio | 968.3k $50.4m | Added +495.8k |
| SCOPUS ASSET MANAGEMENT, L.P. 1.46% of their portfolio | 947.8k $49.4m | Added +482.6k |
| NORGES BANK 0.01% of their portfolio | 904.8k $47.1m | Added +4.4k |
| SPRUCE HOUSE INVESTMENT MANAGEMENT LLC 2.30% of their portfolio | 900.0k $46.9m | Unchanged |
| Bank of New York Mellon Corp 0.01% of their portfolio | 883.2k $46.0m | Reduced -101.9k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 813.6k $42.4m | Reduced -19.8k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 796.1k $41.5m | Reduced -77.0k |
| MAR VISTA INVESTMENT PARTNERS LLC 2.16% of their portfolio | 650.6k $33.9m | Reduced -311.2k |
| SUMMITRY LLC 1.61% of their portfolio | 646.3k $33.7m | Added +471.6k |
| Praesidium Investment Management Company, LLC 5.55% of their portfolio | 635.5k $33.1m | Unchanged |
| Global Alpha Capital Management Ltd. 2.11% of their portfolio | 622.9k $32.4m | New |
| REINHART PARTNERS, LLC. 1.20% of their portfolio | 608.7k $31.7m | Added +40.3k |
| Handelsbanken Fonder AB 0.12% of their portfolio | 591.1k $30.8m | Reduced -35.7k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 531.8k $27.7m | Reduced -46.6k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 502.3k $26.2m | Added +12.2k |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.06% of their portfolio | 470.5k $24.5m | Added +1.2k |
| RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio | 466.7k $24.3m | Added +65.5k |
| Harel Insurance Investments & Financial Services Ltd. 0.41% of their portfolio | 461.2k $24.0m | Reduced -224.1k |
| Douglas Lane & Associates, LLC 0.32% of their portfolio | 449.5k $23.4m | Reduced -19.4k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 439.7k $22.9m | Added +59.4k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 435.1k $22.7m | Reduced -13.9k |
| CIBC WORLD MARKETS CORP 0.15% of their portfolio | 400.0k $20.8m | Unchanged |
| Aristotle Capital Boston, LLC 0.67% of their portfolio | 388.8k $20.2m | Reduced -6.9k |
| Legal & General Group Plc 0.01% of their portfolio | 376.9k $19.6m | Reduced -34.6k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 364.6k $19.0m | Reduced -12.3k |
| 683 Capital Management, LLC 1.86% of their portfolio | 350.0k $18.2m | Added +100.0k |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 345.4k $18.0m | Reduced -210.1k |
| First Eagle Investment Management, LLC 0.04% of their portfolio | 328.5k $17.1m | Added +65.8k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 319.7k $16.6m | Reduced -1.5k |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.10% of their portfolio | 311.1k $16.2m | Added +92.9k |
| Retirement Systems of Alabama 0.06% of their portfolio | 304.8k $15.9m | Reduced -8.6k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 276.4k $14.4m | Reduced -121.2k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 255.4k $13.3m | Reduced -111.5k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 237.9k $12.4m | Reduced -249.3k |
| Swiss National Bank 0.01% of their portfolio | 233.3k $12.1m | Reduced -1.5k |
| Penn Capital Management Company, LLC 1.12% of their portfolio | 232.6k $12.1m | Reduced -27.1k |
| PRIMECAP MANAGEMENT CO/CA/ 0.01% of their portfolio | 229.5k $12.0m | Added +2.1k |
| CI INVESTMENTS INC. 0.04% of their portfolio | 221.4k $11.5m | Added +58.0k |
| EVENTIDE ASSET MANAGEMENT, LLC 0.20% of their portfolio | 221.0k $11.5m | Added +186 |
| FIL Ltd 0.01% of their portfolio | 220.9k $11.5m | Unchanged |
| Russell Investments Group, Ltd. 0.02% of their portfolio | 219.0k $11.4m | Reduced -111.9k |
| EXCHANGE TRADED CONCEPTS, LLC 0.27% of their portfolio | 218.2k $11.4m | Reduced -29.8k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 210.8k $11.0m | Reduced -21.7k |
| FIRETRAIL INVESTMENTS PTY LTD 3.02% of their portfolio | 201.5k $10.5m | Added +1.4k |
| California Public Employees Retirement System 0.01% of their portfolio | 194.1k $10.1m | Reduced -7.7k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 191.6k $10.0m | Reduced -70.2k |
| CIBC WORLD MARKET INC. 0.02% of their portfolio | 191.2k $10.0m | Reduced -61 |
| Motley Fool Wealth Management, LLC 0.50% of their portfolio | 189.5k $9.9m | Reduced -3.2k |
| WASHINGTON TRUST Co 0.34% of their portfolio | 188.2k $9.8m | Reduced -783 |
| OMERS ADMINISTRATION Corp 0.09% of their portfolio | 182.9k $9.5m | Unchanged |
| Bayberry Capital Partners LP 3.16% of their portfolio | 180.0k $9.4m | Unchanged |
| NATIONAL BANK OF CANADA /FI/ 0.01% of their portfolio | 176.4k $9.2m | Reduced -3.3k |
| VOYA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 176.4k $9.2m | Reduced -13.0k |
| Carnegie Investment Counsel 0.26% of their portfolio | 172.4k $9.0m | Reduced -48.5k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 166.8k $8.7m | Added +101.6k |
| Motley Fool Asset Management LLC 0.49% of their portfolio | 161.9k $8.2m | Added +8.7k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 157.1k $8.2m | Reduced -8.0k |
| PEREGRINE CAPITAL MANAGEMENT LLC 0.24% of their portfolio | 153.1k $8.0m | Added +155 |
| Asset Management One Co., Ltd. 0.03% of their portfolio | 148.1k $7.7m | Added +15.2k |
| Corebridge Financial, Inc. 0.04% of their portfolio | 141.3k $7.4m | Reduced -9.8k |
| Lagoda Investment Management, L.P. 4.02% of their portfolio | 134.5k $7.0m | Reduced -1.6k |
| Eisler Capital (US) LLC 1.27% of their portfolio | 131.8k $6.9m | New |
| Mediolanum International Funds Ltd 0.09% of their portfolio | 130.9k $6.8m | New |
| BLAIR WILLIAM & CO/IL 0.02% of their portfolio | 128.1k $6.7m | Added +3.8k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 127.1k $6.6m | Reduced -4.4k |
| Ionic Capital Management LLC 3.96% of their portfolio | 126.1k $6.6m | Reduced -11.9k |
| CITIGROUP INC 0.01% of their portfolio | 125.9k $6.6m | Reduced -677 |
| UBS Group AG 0.00% of their portfolio | 125.1k $6.5m | Reduced -1.0k |
| MOORE CAPITAL MANAGEMENT, LP 0.18% of their portfolio | 120.0k $6.2m | Reduced -4.0k |
| Advisors Capital Management, LLC 0.10% of their portfolio | 118.5k $6.2m | Added +1.1k |
| Driehaus Capital Management LLC 0.05% of their portfolio | 115.2k $6.0m | Unchanged |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 113.6k $5.9m | Reduced -3.4k |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 111.7k $5.8m | Reduced -6.5k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio | 109.5k $5.7m | Unchanged |
| Foster Victor Wealth Advisors, LLC 0.45% of their portfolio | 109.4k $5.6m | Added +5.9k |
| ALGERT GLOBAL LLC 0.15% of their portfolio | 104.6k $5.4m | Added +67.2k |
| Cerity Partners LLC 0.01% of their portfolio | 103.5k $5.4m | Added +3.7k |