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 ($5.1m this quarter). Holder counts are more reliable. Shares outstanding: 674.4m as of 2025-10-30, 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 ≈ $19.06. Options: 19 managers hold calls ($90.7m notional), 18 hold puts ($90.2m).
Trends to Q3 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 |
| Q3 2025 | 475 |
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 |
| Q3 2025 | 350 | 120 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2024 | $11.6m | $11.4m | 0.99 |
| Q1 2025 | $16.2m | $10.9m | 0.67 |
| Q2 2025 | $137.8m | $105.5m | 0.77 |
| Q3 2025 | $90.7m | $90.2m | 0.99 |
Biggest buyers
| FRED ALGER MANAGEMENT, LLC | New | +9.1m |
| VANGUARD GROUP INC | Added | +8.1m |
| MORGAN STANLEY | Added | +8.1m |
| Invesco Ltd. | Added | +6.0m |
| UBS Group AG | Added | +2.3m |
| VOYA INVESTMENT MANAGEMENT LLC | Added | +1.7m |
| AMERICAN CENTURY COMPANIES INC | Added | +1.5m |
| Zimmer Partners, LP | Added | +1.4m |
| CI INVESTMENTS INC. | Added | +1.2m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | +1.2m |
Biggest sellers
| Orbis Allan Gray Ltd | Reduced | -9.8m |
| MFN Partners Management, LP | Reduced | -8.7m |
| GOLDMAN SACHS GROUP INC | Reduced | -7.5m |
| Balyasny Asset Management L.P. | Reduced | -4.8m |
| FMR LLC | Reduced | -4.6m |
| BlackRock, Inc. | Reduced | -3.6m |
| FIL Ltd | Reduced | -3.4m |
| TUDOR INVESTMENT CORP ET AL | Reduced | -2.0m |
| Ghisallo Capital Management LLC | Reduced | -1.6m |
| D. E. Shaw & Co., Inc. | Reduced | -1.5m |
Biggest calls
| MAPLELANE CAPITAL, LLC | Added | $15.2m800.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $14.3m748.7k shares |
| CITADEL ADVISORS LLC | Added | $13.9m728.1k shares |
| SIMPLEX TRADING, LLC | Added | $9.0m470.2k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $6.3m331.3k shares |
| GROUP ONE TRADING LLC | Reduced | $6.3m328.1k shares |
| JANE STREET GROUP, LLC | Reduced | $5.7m297.0k shares |
| IMC-Chicago, LLC | Added | $4.7m244.1k shares |
| PEAK6 LLC | Reduced | $4.1m213.2k shares |
| WOLVERINE TRADING, LLC | Added | $3.7m198.0k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $21.5m1.1m shares |
| CITADEL ADVISORS LLC | Added | $20.2m1.1m shares |
| JANE STREET GROUP, LLC | Added | $12.1m632.9k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $7.0m368.2k shares |
| GROUP ONE TRADING LLC | Reduced | $4.7m246.0k shares |
| Cercano Management LLC | Reduced | $4.7m24.9k shares |
| SIMPLEX TRADING, LLC | Reduced | $4.6m238.9k shares |
| WOLVERINE TRADING, LLC | Added | $4.1m216.5k shares |
| IMC-Chicago, LLC | Reduced | $3.1m164.7k shares |
| Walleye Capital LLC | New | $2.7m140.0k 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 Q3 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
None reported in Q3 2025.
Holders, Q3 2025
| Manager | Shares | Change |
|---|---|---|
| Orbis Allan Gray Ltd 7.08% of their portfolio | 86.5m $1.6bn | Reduced -9.8m |
| VANGUARD GROUP INC 0.02% of their portfolio | 55.3m $1.1bn | Added +8.1m |
| MORGAN STANLEY 0.06% of their portfolio | 53.3m $1.0bn | Added +8.1m |
| MFN Partners Management, LP 14.72% of their portfolio | 38.3m $729.1m | Reduced -8.7m |
| Invesco Ltd. 0.10% of their portfolio | 33.6m $640.5m | Added +6.0m |
| Affinity Partners GP LP 100.00% of their portfolio | 32.7m $622.7m | Unchanged |
| Alpha Wave Global, LP 47.08% of their portfolio | 24.4m $464.9m | Unchanged |
| BlackRock, Inc. 0.01% of their portfolio | 22.4m $426.4m | Reduced -3.6m |
| Finepoint Capital LP 78.26% of their portfolio | 22.3m $425.0m | Added +1.1m |
| HRTG GPE, LLC 27.07% of their portfolio | 13.3m $253.9m | Unchanged |
| MTCO Ltd. 88.73% of their portfolio | 10.9m $208.5m | First filing |
| Cercano Management LLC 7.75% of their portfolio | 10.6m $201.8m | Reduced -819.9k |
| MADRONE ADVISORS, LLC 8.95% of their portfolio | 9.5m $181.9m | Reduced -1.4m |
| STATE STREET CORP 0.01% of their portfolio | 9.4m $179.5m | Added +898.0k |
| FRED ALGER MANAGEMENT, LLC 0.67% of their portfolio | 9.1m $173.1m | New |
| Blue Investment Opportunities, LLC - Project Breeze Series 1 100.00% of their portfolio | 8.7m $166.3m | Unchanged |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 8.7m $166.2m | Added +469.9k |
| Hood River Capital Management LLC 1.85% of their portfolio | 8.2m $156.7m | Reduced -80.0k |
| Consulta Ltd 8.13% of their portfolio | 7.5m $142.9m | Unchanged |
| Patient Capital Management, LLC 4.99% of their portfolio | 6.5m $124.6m | Reduced -5.2k |
| GILDER GAGNON HOWE & CO LLC 1.12% of their portfolio | 5.8m $110.3m | Added +561.4k |
| SOFTBANK GROUP CORP. 0.40% of their portfolio | 5.5m $104.3m | Unchanged |
| UBS Group AG 0.02% of their portfolio | 4.4m $83.3m | Added +2.3m |
| Liberty Mutual Group Asset Management Inc. 24.74% of their portfolio | 4.1m $77.8m | Unchanged |
| RENAISSANCE TECHNOLOGIES LLC 0.10% of their portfolio | 4.0m $76.1m | Added +737.8k |
| Forest Avenue Capital Management LP 5.35% of their portfolio | 3.7m $71.3m | Reduced -20.6k |
| FMR LLC 0.00% of their portfolio | 3.7m $71.1m | Reduced -4.6m |
| Select Equity Group, L.P. 0.30% of their portfolio | 3.6m $69.1m | Added +372.6k |
| FEDERATED HERMES, INC. 0.11% of their portfolio | 3.2m $60.6m | Unchanged |
| T. Rowe Price Investment Management, Inc. 0.04% of their portfolio | 3.1m $59.0m | Reduced -601.9k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 2.9m $54.5m | Reduced -232.1k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 2.7m $52.3m | Added +56.5k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 2.5m $47.9m | Added +14.2k |
| Allspring Global Investments Holdings, LLC 0.07% of their portfolio | 2.4m $45.6m | Reduced -63.1k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio | 2.4m $46.4m | Reduced -44.9k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 2.3m $44.5m | Added +1.0m |
| Bank of New York Mellon Corp 0.01% of their portfolio | 2.1m $40.8m | Reduced -1.1m |
| Lionstone Capital Management LLC 9.45% of their portfolio | 2.1m $40.4m | Unchanged |
| VOYA INVESTMENT MANAGEMENT LLC 0.04% of their portfolio | 2.0m $38.6m | Added +1.7m |
| DISCOVERY CAPITAL MANAGEMENT, LLC / CT 1.92% of their portfolio | 1.8m $35.0m | Reduced -548.5k |
| Zimmer Partners, LP 0.84% of their portfolio | 1.8m $34.5m | Added +1.4m |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.7m $32.0m | Added +314.4k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.04% of their portfolio | 1.6m $30.2m | Added +1.2m |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 1.5m $29.1m | Added +1.5m |
| Barrier Capital Management, LLC 20.79% of their portfolio | 1.5m $28.1m | Added +183.8k |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.25% of their portfolio | 1.5m $27.7m | Added +588.5k |
| CI INVESTMENTS INC. 0.10% of their portfolio | 1.4m $27.1m | Added +1.2m |
| FIRST MANHATTAN CO. LLC. 0.07% of their portfolio | 1.3m $25.3m | Added +495.9k |
| Tsai Capital Corp 17.63% of their portfolio | 1.3m $25.3m | Added +114.3k |
| BRAUN STACEY ASSOCIATES INC 0.79% of their portfolio | 1.3m $24.1m | Added +24.1k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 1.2m $23.2m | Reduced -7.5m |
| Epoch Investment Partners, Inc. 0.13% of their portfolio | 1.2m $23.1m | Reduced -557.2k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 1.2m $22.3m | Added +465.2k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 1.1m $21.9m | Reduced -748.0k |
| Catawba River Capital 9.67% of their portfolio | 1.1m $21.3m | Added +2.3k |
| NEUBERGER BERMAN GROUP LLC 0.02% of their portfolio | 1.1m $21.1m | Added +293.4k |
| Nuveen, LLC 0.01% of their portfolio | 1.1m $20.9m | Added +370.9k |
| CITADEL ADVISORS LLC 0.02% of their portfolio | 1.1m $20.8m | Added +74.8k |
| HighTower Advisors, LLC 0.02% of their portfolio | 1.1m $20.4m | Added +800.0k |
| Pictet Asset Management Holding SA 0.02% of their portfolio | 1.1m $20.3m | Reduced -301.0k |
| Swiss National Bank 0.01% of their portfolio | 1.0m $19.8m | Added +15.2k |
| MAPLELANE CAPITAL, LLC 0.93% of their portfolio | 1.0m $19.4m | Reduced -722.5k |
| Burkehill Global Management, LP 1.08% of their portfolio | 1.0m $19.1m | Unchanged |
| SEI INVESTMENTS CO 0.02% of their portfolio | 995.2k $19.0m | Added +662.7k |
| MARSHALL WACE, LLP 0.02% of their portfolio | 953.3k $18.2m | Added +908.8k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.03% of their portfolio | 900.0k $17.2m | Unchanged |
| Engle Capital Management, L.P. 6.02% of their portfolio | 896.0k $17.1m | Added +46.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 883.1k $16.8m | Added +562.9k |
| GROUP ONE TRADING LLC 0.50% of their portfolio | 875.3k $16.7m | Added +82.7k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 868.7k $16.6m | Added +249.5k |
| Man Group plc 0.03% of their portfolio | 850.1k $16.2m | Added +582.1k |
| Balyasny Asset Management L.P. 0.03% of their portfolio | 824.4k $15.7m | Reduced -4.8m |
| SPRUCE HOUSE INVESTMENT MANAGEMENT LLC 0.40% of their portfolio | 813.0k $15.5m | Unchanged |
| Zweig-DiMenna Associates LLC 1.19% of their portfolio | 802.8k $15.3m | Added +464.4k |
| Driehaus Capital Management LLC 0.11% of their portfolio | 797.3k $15.2m | Reduced -72.3k |
| TD Asset Management Inc 0.01% of their portfolio | 793.0k $15.1m | Reduced -98.5k |
| California Public Employees Retirement System 0.01% of their portfolio | 787.3k $15.0m | New |
| Creative Planning 0.01% of their portfolio | 740.1k $14.1m | Added +711.8k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 734.2k $14.0m | Added +444.3k |
| OMERS ADMINISTRATION Corp 0.10% of their portfolio | 719.4k $13.7m | Added +141.1k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 688.0k $13.1m | Reduced -587.6k |
| INVESTMENT HOUSE LLC 0.62% of their portfolio | 687.4k $13.1m | Added +486.2k |
| Advisors Capital Management, LLC 0.16% of their portfolio | 685.0k $13.1m | Added +39.2k |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 673.1k $12.6m | Added +605.5k |
| GW HENSSLER & ASSOCIATES LTD 0.62% of their portfolio | 653.1k $12.4m | New |
| Granahan Investment Management, LLC 0.48% of their portfolio | 620.8k $11.8m | Added +8.0k |
| LPL Financial LLC 0.00% of their portfolio | 597.1k $11.4m | Added +353.6k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 582.4k $11.1m | Added +170.8k |
| BARCLAYS PLC 0.00% of their portfolio | 578.2k $11.0m | Added +231.6k |
| Legal & General Group Plc 0.00% of their portfolio | 568.9k $10.8m | Reduced -18.6k |
| Ensign Peak Advisors, Inc 0.02% of their portfolio | 565.7k $10.8m | Added +197.3k |
| FISHMAN JAY A LTD/MI 0.90% of their portfolio | 547.9k $10.4m | New |
| Pennant Investors, LP 2.78% of their portfolio | 543.0k $10.3m | Reduced -42.0k |
| Focus Partners Wealth 0.02% of their portfolio | 533.6k $10.2m | Added +517.0k |
| STEADFAST CAPITAL MANAGEMENT LP 0.18% of their portfolio | 532.0k $10.1m | New |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 530.0k $10.1m | Added +8.9k |
| JACKSON HILL ADVISORS, LLC 4.70% of their portfolio | 522.0k $9.9m | New |
| Archon Partners LLC 1.05% of their portfolio | 520.0k $9.9m | Unchanged |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 509.5k $9.7m | Added +1.9k |
| FIL Ltd 0.01% of their portfolio | 498.3k $9.5m | Reduced -3.4m |