XPO INC XPO
COM · Common Stock · CUSIP 983793100 · ISIN US9837931008
American transportation company
* 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 ($42.8m this quarter). Holder counts are more reliable. Shares outstanding: 117.4m as of 2026-04-24, 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 ≈ $194.36. Options: 24 managers hold calls ($139.3m notional), 21 hold puts ($169.9m).
Trends to Q1 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 427 |
| Q4 2022 | 413 |
| Q1 2023 | 386 |
| Q2 2023 | 417 |
| Q3 2023 | 426 |
| Q4 2023 | 468 |
| Q1 2024 | 525 |
| Q2 2024 | 508 |
| Q3 2024 | 530 |
| Q4 2024 | 543 |
| Q1 2025 | 527 |
| Q2 2025 | 549 |
| Q3 2025 | 543 |
| Q4 2025 | 587 |
| Q1 2026 | 675 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2024 | 235 | 242 |
| Q3 2024 | 234 | 225 |
| Q4 2024 | 234 | 249 |
| Q1 2025 | 248 | 250 |
| Q2 2025 | 248 | 255 |
| Q3 2025 | 242 | 236 |
| Q4 2025 | 266 | 225 |
| Q1 2026 | 344 | 251 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $119.7m | $52.1m | 0.44 |
| Q3 2025 | $193.0m | $85.1m | 0.44 |
| Q4 2025 | $264.9m | $338.7m | 1.28 |
| Q1 2026 | $139.3m | $169.9m | 1.22 |
Biggest buyers
| BESSEMER GROUP INC | Added | +1.3m |
| Capital International Investors | New | +925.7k |
| MILLENNIUM MANAGEMENT LLC | Added | +754.1k |
| FMR LLC | Added | +698.7k |
| CITADEL ADVISORS LLC | Added | +640.0k |
| GOLDMAN SACHS GROUP INC | Added | +630.2k |
| BlackRock, Inc. | Added | +522.6k |
| Qube Research & Technologies Ltd | Added | +403.8k |
| Balyasny Asset Management L.P. | Added | +393.5k |
| Maple Rock Capital Partners Inc. | New | +320.2k |
Biggest sellers
| Capital World Investors | Reduced | -4.7m |
| T. Rowe Price Investment Management, Inc. | Reduced | -2.1m |
| Capital Research Global Investors | Reduced | -1.6m |
| Invesco Ltd. | Reduced | -1.4m |
| Cercano Management LLC | Reduced | -1.2m |
| Durable Capital Partners LP | Reduced | -1.0m |
| COOKE & BIELER LP | Sold out | -933.7k |
| D1 Capital Partners L.P. | Reduced | -747.4k |
| UBS Group AG | Reduced | -659.6k |
| Forest Avenue Capital Management LP | Sold out | -467.1k |
Biggest calls
| PEAK6 LLC | Reduced | $23.9m123.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $23.0m118.4k shares |
| CITADEL ADVISORS LLC | Reduced | $21.8m112.3k shares |
| IMC-Chicago, LLC | Added | $10.5m53.8k shares |
| WELLS FARGO & COMPANY/MN | New | $9.7m50.0k shares |
| Walleye Trading LLC | Added | $9.0m46.4k shares |
| JPMORGAN CHASE & CO | Reduced | $8.2m44.0k shares |
| JANE STREET GROUP, LLC | Reduced | $7.6m39.0k shares |
| Squarepoint Ops LLC | Added | $4.9m25.4k shares |
| Alphadyne Asset Management LP | Added | $4.8m24.9k shares |
Biggest puts
| PEAK6 LLC | Added | $30.1m154.6k shares |
| BNP PARIBAS FINANCIAL MARKETS | New | $22.2m1.1k shares |
| CAPSTONE INVESTMENT ADVISORS, LLC | New | $19.6m100.8k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $18.1m93.0k shares |
| Squarepoint Ops LLC | New | $15.0m77.2k shares |
| CITADEL ADVISORS LLC | Reduced | $14.7m75.4k shares |
| IMC-Chicago, LLC | Reduced | $11.7m60.1k shares |
| JPMORGAN CHASE & CO | Reduced | $8.2m44.0k shares |
| JANE STREET GROUP, LLC | Reduced | $6.2m31.7k shares |
| Alphadyne Asset Management LP | Added | $5.8m29.9k 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 |
|---|---|
| BlackRock, Inc. 13G · institution +1.6 pts · filed 2026-06-04 | 10.4% |
| MFN Partners, LP 13G · passive investor filed 2026-08-12 | 8.4% |
| Capital Research Global Investors 13G · institution -1.2 pts · filed 2026-08-12 | 7.0% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 5.1% |
| Capital World Investors 13G · institution no change · filed 2026-08-12 | 5.0% |
Fell to 5% or below in the last year: Invesco Ltd. (4.1%, 2026-05-06), VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q1 2026
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 |
|---|---|---|---|---|---|
| Q2 2024 | 0 | — | 1 | $196.0k | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 1 | $199.6k | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 1 | $438.9k | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
None reported in Q1 2026.
Holders, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.04% of their portfolio | 12.2m $2.4bn | Added +522.6k |
| MFN Partners Management, LP 46.55% of their portfolio | 11.4m $2.2bn | Unchanged |
| Capital Research Global Investors 0.29% of their portfolio | 9.6m $1.9bn | Reduced -1.6m |
| Capital World Investors 0.15% of their portfolio | 5.8m $1.1bn | Reduced -4.7m |
| VANGUARD CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 5.1m $984.5m | First filing |
| Invesco Ltd. 0.09% of their portfolio | 4.8m $940.0m | Reduced -1.4m |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.05% of their portfolio | 4.7m $923.4m | First filing |
| FMR LLC 0.04% of their portfolio | 3.6m $701.4m | Added +698.7k |
| STATE STREET CORP 0.02% of their portfolio | 3.6m $697.1m | Added +72.8k |
| Orbis Allan Gray Ltd 2.80% of their portfolio | 3.4m $663.2m | Reduced -243.5k |
| Durable Capital Partners LP 5.88% of their portfolio | 2.9m $571.2m | Reduced -1.0m |
| T. Rowe Price Investment Management, Inc. 0.37% of their portfolio | 2.8m $542.2m | Reduced -2.1m |
| Clearbridge Investments, LLC 0.47% of their portfolio | 2.8m $539.4m | Reduced -197.6k |
| BESSEMER GROUP INC 0.74% of their portfolio | 2.4m $471.0m | Added +1.3m |
| GEODE CAPITAL MANAGEMENT, LLC 0.03% of their portfolio | 2.2m $424.8m | Added +65.4k |
| D1 Capital Partners L.P. 2.23% of their portfolio | 1.3m $250.5m | Reduced -747.4k |
| Holocene Advisors, LP 0.59% of their portfolio | 1.2m $243.1m | Added +33.6k |
| Findlay Park Partners LLP 3.22% of their portfolio | 1.2m $231.3m | Reduced -226.1k |
| GOLDMAN SACHS GROUP INC 0.03% of their portfolio | 1.2m $230.8m | Added +630.2k |
| Hood River Capital Management LLC 2.26% of their portfolio | 1.2m $225.6m | Added +10.9k |
| CITADEL ADVISORS LLC 0.16% of their portfolio | 1.2m $225.2m | Added +640.0k |
| DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio | 1.1m $216.1m | Reduced -79.7k |
| MORGAN STANLEY 0.01% of their portfolio | 1.0m $199.7m | Reduced -167.4k |
| NORTHERN TRUST CORP 0.03% of their portfolio | 978.0k $190.3m | Added +25.9k |
| Capital International Investors 0.04% of their portfolio | 925.7k $180.1m | New |
| FIL Ltd 0.14% of their portfolio | 914.4k $177.9m | Reduced -453.2k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.03% of their portfolio | 911.1k $177.2m | Added +29.1k |
| MILLENNIUM MANAGEMENT LLC 0.11% of their portfolio | 762.0k $148.2m | Added +754.1k |
| Cercano Management LLC 6.36% of their portfolio | 756.5k $147.2m | Reduced -1.2m |
| VANGUARD FIDUCIARY TRUST CO 0.04% of their portfolio | 726.2k $141.3m | First filing |
| Bank of New York Mellon Corp 0.03% of their portfolio | 716.7k $139.4m | Added +6.2k |
| GROUPAMA ASSET MANAGMENT 1.86% of their portfolio | 653.1k $127.1m | Added +4.6k |
| FRONTIER CAPITAL MANAGEMENT CO LLC 1.30% of their portfolio | 652.1k $126.9m | Reduced -68.3k |
| WESTFIELD CAPITAL MANAGEMENT CO LP 0.47% of their portfolio | 572.0k $111.3m | Reduced -152.2k |
| PRIMECAP MANAGEMENT CO/CA/ 0.09% of their portfolio | 568.3k $110.6m | Reduced -1.3k |
| RAYMOND JAMES FINANCIAL INC 0.03% of their portfolio | 519.4k $99.1m | Reduced -317.5k |
| UBS Group AG 0.02% of their portfolio | 513.2k $99.8m | Reduced -659.6k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.03% of their portfolio | 477.6k $96.1m | Added +237.9k |
| Qube Research & Technologies Ltd 0.13% of their portfolio | 457.5k $89.0m | Added +403.8k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 447.3k $87.0m | Added +21.1k |
| Balyasny Asset Management L.P. 0.17% of their portfolio | 441.0k $85.8m | Added +393.5k |
| WELLS FARGO & COMPANY/MN 0.02% of their portfolio | 403.6k $78.5m | Reduced -33.2k |
| Allspring Global Investments Holdings, LLC 0.13% of their portfolio | 391.8k $77.7m | Added +306.4k |
| JANE STREET GROUP, LLC 0.08% of their portfolio | 389.5k $75.8m | Added +270.8k |
| ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio | 375.1k $51.0m | Added +209.2k |
| AMERICAN CENTURY COMPANIES INC 0.04% of their portfolio | 368.1k $71.6m | Added +108.1k |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 350.0k $68.1m | Reduced -253.4k |
| One Madison Group LLC 7.57% of their portfolio | 336.7k $65.5m | Reduced -27.2k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 335.1k $62.5m | Added +3.8k |
| Maple Rock Capital Partners Inc. 2.03% of their portfolio | 320.2k $62.3m | New |
| LORD, ABBETT & CO. LLC 0.20% of their portfolio | 310.2k $60.3m | New |
| RHUMBLINE ADVISERS 0.05% of their portfolio | 301.0k $58.6m | Added +7.1k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 297.8k $57.9m | Added +191 |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 297.0k $57.8m | Reduced -192.2k |
| BNP PARIBAS FINANCIAL MARKETS 0.04% of their portfolio | 288.2k $56.1m | Reduced -150.9k |
| FISHMAN JAY A LTD/MI 4.94% of their portfolio | 284.3k $55.3m | Reduced -14.1k |
| Squarepoint Ops LLC 0.12% of their portfolio | 281.7k $54.8m | New |
| Polar Capital Holdings Plc 0.23% of their portfolio | 264.8k $51.5m | Added +203.1k |
| PRINCIPAL FINANCIAL GROUP INC 0.03% of their portfolio | 261.8k $50.9m | Reduced -46.7k |
| Douglas Lane & Associates, LLC 0.69% of their portfolio | 244.5k $47.6m | Reduced -12.4k |
| Swiss National Bank 0.03% of their portfolio | 234.3k $45.6m | Added +2.1k |
| FEDERATED HERMES, INC. 0.07% of their portfolio | 233.3k $45.4m | Reduced -41.9k |
| Nuveen, LLC 0.01% of their portfolio | 230.7k $44.9m | Reduced -454 |
| RICE HALL JAMES & ASSOCIATES, LLC 2.43% of their portfolio | 224.3k $43.6m | Added +5.1k |
| Retirement Systems of Alabama 0.14% of their portfolio | 216.4k $42.1m | Added +2.7k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 212.8k $41.4m | Reduced -14.1k |
| Schonfeld Strategic Advisors LLC 0.32% of their portfolio | 204.9k $39.9m | Added +106.1k |
| California Public Employees Retirement System 0.02% of their portfolio | 197.8k $38.5m | Added +33.4k |
| TWO SIGMA INVESTMENTS, LP 0.03% of their portfolio | 188.6k $36.7m | Reduced -7.1k |
| Border to Coast Pensions Partnership Ltd 0.61% of their portfolio | 184.7k $36.0m | New |
| CITIGROUP INC 0.02% of their portfolio | 182.1k $35.4m | Added +115.9k |
| SEI INVESTMENTS CO 0.03% of their portfolio | 179.2k $34.9m | Reduced -184 |
| RENAISSANCE TECHNOLOGIES LLC 0.05% of their portfolio | 178.7k $34.8m | Added +75.6k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 177.1k $34.5m | Added +12.2k |
| TD Asset Management Inc 0.03% of their portfolio | 176.0k $34.2m | Reduced -31.8k |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. 0.34% of their portfolio | 174.0k $33.8m | Reduced -18.2k |
| Baird Financial Group, Inc. 0.05% of their portfolio | 169.0k $32.9m | Reduced -48.1k |
| Legal & General Group Plc 0.01% of their portfolio | 166.5k $32.4m | Reduced -17.9k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.03% of their portfolio | 136.2k $26.5m | Added +24.7k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 135.1k $26.3m | Added +25.6k |
| PICTON MAHONEY ASSET MANAGEMENT 0.27% of their portfolio | 132.9k $25.9m | Reduced -50.7k |
| Arnhold LLC 1.87% of their portfolio | 131.1k $25.5m | Unchanged |
| Interval Partners, LP 0.86% of their portfolio | 128.9k $25.1m | New |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.10% of their portfolio | 128.0k $24.9m | New |
| WESTWOOD HOLDINGS GROUP INC 0.18% of their portfolio | 124.4k $24.2m | Reduced -46.7k |
| NATIONAL BANK OF CANADA /FI/ 0.02% of their portfolio | 119.4k $23.2m | Reduced -1.8k |
| Jain Global LLC 0.28% of their portfolio | 111.3k $21.7m | Reduced -40.9k |
| LPL Financial LLC 0.01% of their portfolio | 111.1k $21.6m | Added +39.0k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.02% of their portfolio | 105.9k $20.6m | First filing |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.04% of their portfolio | 102.2k $19.9m | Reduced -4.9k |
| Slate Path Capital LP 0.29% of their portfolio | 100.6k $19.6m | New |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.03% of their portfolio | 99.5k $19.4m | Reduced -47.0k |
| Driehaus Capital Management LLC 0.14% of their portfolio | 97.9k $19.0m | New |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.03% of their portfolio | 95.7k $18.6m | Reduced -422 |
| TRITONPOINT WEALTH, LLC 1.98% of their portfolio | 95.2k $18.5m | Reduced -2.3k |
| Russell Investments Group, Ltd. 0.02% of their portfolio | 93.2k $18.1m | Added +20.1k |
| TOCQUEVILLE ASSET MANAGEMENT L.P. 0.26% of their portfolio | 91.7k $17.8m | Reduced -1.4k |
| HAWK RIDGE CAPITAL MANAGEMENT LP 0.64% of their portfolio | 90.4k $17.6m | Reduced -103.6k |
| NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio | 89.6k $17.4m | Added +78.5k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.04% of their portfolio | 88.0k $17.1m | Reduced -12.1k |