QXO INC QXO
COM NEW · Common Stock · CUSIP 82846H405 · ISIN US82846H4056
- SectorIndustrials
- IndustryWholesale-Lumber & Other Construction Materials
- HeadquartersGreenwich, CT
- FilingsSEC EDGAR
* 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 ($4.6m this quarter). Holder counts are more reliable. Shares outstanding: 673.6m as of 2025-08-07, 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 ≈ $21.54. Options: 22 managers hold calls ($137.8m notional), 19 hold puts ($105.5m).
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q2 2024 | 20 |
| Q3 2024 | 131 |
| Q4 2024 | 182 |
| Q1 2025 | 223 |
| Q2 2025 | 360 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 124 | 4 |
| Q4 2024 | 117 | 52 |
| Q1 2025 | 147 | 65 |
| Q2 2025 | 281 | 64 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $6.4m | $11.2m | 1.74 |
| Q4 2024 | $11.6m | $11.4m | 0.99 |
| Q1 2025 | $16.2m | $10.9m | 0.67 |
| Q2 2025 | $137.8m | $105.5m | 0.77 |
Biggest buyers
| MORGAN STANLEY | Added | +31.3m |
| Invesco Ltd. | New | +27.6m |
| Alpha Wave Global, LP | New | +24.4m |
| VANGUARD GROUP INC | Added | +22.5m |
| Affinity Partners GP LP | Added | +16.3m |
| BlackRock, Inc. | Added | +16.0m |
| HRTG GPE, LLC | Added | +8.9m |
| GOLDMAN SACHS GROUP INC | Added | +8.3m |
| FMR LLC | New | +8.3m |
| Hood River Capital Management LLC | New | +8.3m |
Biggest sellers
| Orbis Allan Gray Ltd | Reduced | -13.1m |
| T. Rowe Price Investment Management, Inc. | Reduced | -5.5m |
| Finepoint Capital LP | Reduced | -3.3m |
| Patient Capital Management, LLC | Reduced | -742.6k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | -512.7k |
| Pacer Advisors, Inc. | Sold out | -482.5k |
| Gainplan LLC | Reduced | -260.0k |
| Allspring Global Investments Holdings, LLC | Reduced | -185.9k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -148.5k |
| Squarepoint Ops LLC | Reduced | -146.5k |
Biggest calls
| Brooklands Fund Management Ltd | New | $28.0m1.3m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $25.7m1.2m shares |
| JANE STREET GROUP, LLC | Added | $15.1m701.8k shares |
| GOLDMAN SACHS GROUP INC | New | $13.9m645.5k shares |
| MAPLELANE CAPITAL, LLC | New | $12.9m600.0k shares |
| PEAK6 LLC | Added | $9.4m435.2k shares |
| GROUP ONE TRADING LLC | Added | $8.6m397.9k shares |
| SIMPLEX TRADING, LLC | Added | $7.9m366.3k shares |
| CITADEL ADVISORS LLC | Added | $4.8m221.2k shares |
| IMC-Chicago, LLC | Added | $3.1m145.4k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $21.2m985.4k shares |
| Monashee Investment Management LLC | New | $17.2m800.0k shares |
| COOPER CREEK PARTNERS MANAGEMENT LLC | New | $12.9m600.0k shares |
| JANE STREET GROUP, LLC | Added | $11.8m545.8k shares |
| SIMPLEX TRADING, LLC | Added | $7.5m349.6k shares |
| GROUP ONE TRADING LLC | Added | $7.5m346.1k shares |
| CITADEL ADVISORS LLC | Added | $6.2m287.6k shares |
| Caption Management, LLC | New | $3.8m178.0k shares |
| IMC-Chicago, LLC | Added | $3.6m169.1k shares |
| Centiva Capital, LP | New | $3.6m167.2k 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 |
|---|---|
Jacobs Private Equity II, LLC
13D · may seek influence
-13.1 pts · filed 2026-04-20
Stated purposeItem 4 is hereby amended and supplemented to include the following: On April 18, 2026, the Company, Titanium MergerCo, Inc., ("Titanium Merger Sub"), Titanium MergerCo 2, LLC. ("Forward Merger Sub") and TopBuild Corp. ("TopBuild") entered into an Agreement and Plan of Merger (the "Merger Agreement"), pursuant to which at closing, (i) Titanium Merger Sub will be merged with and into TopBuild, the separate corporate existence of Titanium Merger Sub will thereupon cease and TopBuild shall continue as the surviving corporation and a wholly owned subsidiary of the Company (the "Titanium Merger") and (ii) immediately following the Titanium Merger, TopBuild will be merged with and into Forward Merger Sub, the separate corporate existence of TopBuild will thereupon cease and Forward Merger Sub sh… Full filing |
35.9% |
| ORBIS INVESTMENT MANAGEMENT LTD 13G · institution no change · filed 2026-08-14 | 10.2% |
| MORGAN STANLEY 13G · institution +2.4 pts · filed 2026-02-12 | 8.6% |
| Invesco Ltd. 13G · institution +1.7 pts · filed 2026-08-13 | 6.7% |
Fell to 5% or below in the last year: BlackRock, Inc. (4.1%, 2026-10-27), BAILLIE GIFFORD & CO (4.5%, 2026-10-21), VANGUARD GROUP INC (0.0%, 2026-03-27), MFN Partners, LP (4.5%, 2026-02-13)
Insider purchases and sales in Q2 2025
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 |
|---|---|---|---|---|---|
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 4 | $371.5k | — |
| Q1 2024 | 0 | — | 3 | $1.6m | — |
| Q2 2024 | 0 | — | 1 | $2.2m | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
None reported in Q2 2025.
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| Orbis Allan Gray Ltd 10.08% of their portfolio | 96.3m $2.1bn | Reduced -13.1m |
| VANGUARD GROUP INC 0.02% of their portfolio | 47.2m $1.0bn | Added +22.5m |
| MFN Partners Management, LP 21.62% of their portfolio | 46.9m $1.0bn | Unchanged |
| MORGAN STANLEY 0.06% of their portfolio | 45.2m $974.3m | Added +31.3m |
| Affinity Partners GP LP 100.00% of their portfolio | 32.7m $703.7m | Added +16.3m |
| Invesco Ltd. 0.10% of their portfolio | 27.6m $593.7m | New |
| BlackRock, Inc. 0.01% of their portfolio | 26.0m $559.5m | Added +16.0m |
| Alpha Wave Global, LP 56.60% of their portfolio | 24.4m $525.4m | New |
| Finepoint Capital LP 90.35% of their portfolio | 21.2m $455.6m | Reduced -3.3m |
| HRTG GPE, LLC 34.09% of their portfolio | 13.3m $286.9m | Added +8.9m |
| Cercano Management LLC 7.01% of their portfolio | 11.4m $245.7m | Added +4.8m |
| MADRONE ADVISORS, LLC 32.75% of their portfolio | 10.9m $235.7m | Unchanged |
| GOLDMAN SACHS GROUP INC 0.03% of their portfolio | 8.7m $188.2m | Added +8.3m |
| Blue Investment Opportunities, LLC - Project Breeze Series 1 100.00% of their portfolio | 8.7m $187.9m | Unchanged |
| STATE STREET CORP 0.01% of their portfolio | 8.5m $183.5m | Added +6.5m |
| FMR LLC 0.01% of their portfolio | 8.3m $179.0m | New |
| Hood River Capital Management LLC 2.50% of their portfolio | 8.3m $178.8m | New |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 8.2m $177.7m | Added +5.7m |
| Consulta Ltd 10.33% of their portfolio | 7.5m $161.6m | Added +3.5m |
| Patient Capital Management, LLC 6.36% of their portfolio | 6.5m $140.9m | Reduced -742.6k |
| Balyasny Asset Management L.P. 0.28% of their portfolio | 5.7m $122.1m | Added +5.4m |
| SOFTBANK GROUP CORP. 0.47% of their portfolio | 5.5m $117.8m | Unchanged |
| GILDER GAGNON HOWE & CO LLC 1.20% of their portfolio | 5.2m $112.6m | New |
| Liberty Mutual Group Asset Management Inc. 19.09% of their portfolio | 4.1m $87.9m | Unchanged |
| FIL Ltd 0.07% of their portfolio | 3.9m $84.3m | New |
| Forest Avenue Capital Management LP 6.32% of their portfolio | 3.8m $81.0m | New |
| T. Rowe Price Investment Management, Inc. 0.05% of their portfolio | 3.7m $79.7m | Reduced -5.5m |
| Bank of New York Mellon Corp 0.01% of their portfolio | 3.3m $70.6m | Added +2.8m |
| RENAISSANCE TECHNOLOGIES LLC 0.09% of their portfolio | 3.3m $70.1m | Added +2.2m |
| Select Equity Group, L.P. 0.30% of their portfolio | 3.3m $70.0m | New |
| FEDERATED HERMES, INC. 0.13% of their portfolio | 3.2m $68.5m | Unchanged |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 3.1m $66.6m | Added +1.6m |
| NORTHERN TRUST CORP 0.01% of their portfolio | 2.7m $57.9m | Added +1.9m |
| Allspring Global Investments Holdings, LLC 0.09% of their portfolio | 2.5m $54.0m | Reduced -185.9k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 2.5m $53.9m | New |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.02% of their portfolio | 2.5m $53.4m | Added +591.1k |
| DISCOVERY CAPITAL MANAGEMENT, LLC / CT 4.03% of their portfolio | 2.4m $51.3m | New |
| Lionstone Capital Management LLC 10.97% of their portfolio | 2.1m $45.7m | New |
| TUDOR INVESTMENT CORP ET AL 0.34% of their portfolio | 2.1m $45.0m | Added +2.0m |
| UBS Group AG 0.01% of their portfolio | 2.1m $44.7m | Added +128.9k |
| Ghisallo Capital Management LLC 1.15% of their portfolio | 2.0m $43.1m | New |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 1.9m $40.9m | Added +1.2m |
| Epoch Investment Partners, Inc. 0.20% of their portfolio | 1.8m $38.1m | New |
| MAPLELANE CAPITAL, LLC 2.31% of their portfolio | 1.7m $37.5m | New |
| D. E. Shaw & Co., Inc. 0.04% of their portfolio | 1.7m $35.8m | New |
| Pictet Asset Management Holding SA 0.03% of their portfolio | 1.4m $29.4m | Added +1.3m |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.4m $29.4m | Added +1.2m |
| Barrier Capital Management, LLC 18.96% of their portfolio | 1.3m $27.8m | Reduced -43.7k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 1.3m $27.7m | Added +1.2m |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 1.3m $27.5m | Added +953.5k |
| BRAUN STACEY ASSOCIATES INC 0.97% of their portfolio | 1.2m $26.7m | New |
| Tsai Capital Corp 19.14% of their portfolio | 1.2m $26.1m | Reduced -38.0k |
| Longaeva Partners L.P. 6.01% of their portfolio | 1.2m $25.0m | New |
| Catawba River Capital 12.22% of their portfolio | 1.1m $24.0m | Added +626.1k |
| Swiss National Bank 0.01% of their portfolio | 1.0m $22.1m | Added +350.3k |
| CITADEL ADVISORS LLC 0.02% of their portfolio | 1.0m $21.9m | New |
| CAPSTONE INVESTMENT ADVISORS, LLC 0.18% of their portfolio | 1.0m $21.5m | New |
| Burkehill Global Management, LP 1.59% of their portfolio | 1.0m $21.5m | Added +925.0k |
| Amundi 0.01% of their portfolio | 957.0k $20.7m | Added +242.0k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.04% of their portfolio | 900.0k $19.4m | New |
| TD Asset Management Inc 0.02% of their portfolio | 891.5k $19.2m | Added +583.1k |
| TWO SIGMA INVESTMENTS, LP 0.03% of their portfolio | 870.3k $18.7m | Added +796.9k |
| Driehaus Capital Management LLC 0.15% of their portfolio | 869.5k $18.7m | Added +838.5k |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.17% of their portfolio | 867.3k $18.7m | New |
| Engle Capital Management, L.P. 5.52% of their portfolio | 850.0k $18.3m | New |
| FIRST MANHATTAN CO. LLC. 0.05% of their portfolio | 831.0k $17.9m | Added +802.0k |
| NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio | 815.3k $17.6m | Added +258.7k |
| SPRUCE HOUSE INVESTMENT MANAGEMENT LLC 0.65% of their portfolio | 813.0k $17.5m | Unchanged |
| GROUP ONE TRADING LLC 0.56% of their portfolio | 792.6k $17.1m | Added +359.5k |
| JANE STREET GROUP, LLC 0.03% of their portfolio | 771.6k $16.6m | Added +685.2k |
| JANUS HENDERSON GROUP PLC 0.01% of their portfolio | 756.7k $16.3m | Added +599.1k |
| BOOTHBAY FUND MANAGEMENT, LLC 0.49% of their portfolio | 747.7k $16.1m | New |
| Nuveen, LLC 0.00% of their portfolio | 726.1k $15.6m | New |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 702.7k $15.1m | Added +667.5k |
| SEVEN GRAND MANAGERS, LLC 1.79% of their portfolio | 693.5k $14.9m | New |
| Advisors Capital Management, LLC 0.19% of their portfolio | 645.8k $13.9m | Reduced -753 |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 619.2k $13.3m | Added +496.4k |
| Granahan Investment Management, LLC 0.54% of their portfolio | 612.8k $13.2m | Reduced -10.1k |
| Legal & General Group Plc 0.00% of their portfolio | 587.5k $12.7m | Added +235.1k |
| Pennant Investors, LP 3.77% of their portfolio | 585.0k $12.6m | New |
| Schonfeld Strategic Advisors LLC 0.09% of their portfolio | 582.3k $12.5m | Added +565.2k |
| OMERS ADMINISTRATION Corp 0.10% of their portfolio | 578.3k $12.5m | Added +511.7k |
| Contrarius Group Holdings Ltd 0.64% of their portfolio | 524.7k $11.3m | Reduced -67.6k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 521.2k $11.2m | Added +501.7k |
| Archon Partners LLC 1.29% of their portfolio | 520.0k $11.2m | Added +90.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 507.6k $10.9m | Added +207.7k |
| HBK INVESTMENTS L P 0.19% of their portfolio | 500.0k $10.8m | Not comparable |
| Motley Fool Wealth Management, LLC 0.59% of their portfolio | 452.2k $9.7m | Reduced -47.6k |
| Alberta Investment Management Corp 0.08% of their portfolio | 450.0k $9.7m | New |
| Zimmer Partners, LP 0.22% of their portfolio | 437.5k $9.4m | New |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 431.9k $9.3m | Reduced -512.7k |
| Tribune Investment Group LP 4.45% of their portfolio | 420.0k $9.0m | New |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 411.6k $8.9m | Added +219.0k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.02% of their portfolio | 409.8k $8.8m | New |
| Aureus Asset Management, LLC 0.56% of their portfolio | 409.2k $8.8m | Unchanged |
| Motley Fool Asset Management LLC 0.39% of their portfolio | 389.6k $8.4m | Reduced -12.7k |
| Y-Intercept (Hong Kong) Ltd 0.20% of their portfolio | 376.5k $8.1m | Added +316.8k |
| Ensign Peak Advisors, Inc 0.01% of their portfolio | 368.4k $7.9m | Added +246.4k |
| Sculptor Capital LP 0.13% of their portfolio | 362.2k $7.8m | New |
| Concentric Capital Strategies, LP 0.43% of their portfolio | 350.7k $7.6m | New |