XEROX HOLDINGS CORP XRX
COM NEW · Common Stock · CUSIP 98421M106 · ISIN US98421M1062
American document management corporation
* 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 ($5.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $14.53. Options: 15 managers hold calls ($21.8m notional), 15 hold puts ($41.3m).
Trends to Q4 2022
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 295 |
| Q4 2022 | 305 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $16.4m | $27.6m | 1.69 |
| Q4 2022 | $21.8m | $41.3m | 1.89 |
Biggest buyers
| Alyeska Investment Group, L.P. | New | +1.4m |
| VANGUARD GROUP INC | Added | +732.9k |
| DIMENSIONAL FUND ADVISORS LP | Added | +637.1k |
| AQR CAPITAL MANAGEMENT LLC | Added | +431.1k |
| Squarepoint Ops LLC | Added | +342.3k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | Added | +175.0k |
| Engineers Gate Manager LP | Added | +170.9k |
| Point72 Asset Management, L.P. | New | +169.4k |
| CITADEL ADVISORS LLC | Added | +162.8k |
| PRUDENTIAL FINANCIAL INC | Added | +158.4k |
Biggest sellers
| MARSHALL WACE, LLP | Sold out | -845.3k |
| Bank of New York Mellon Corp | Reduced | -590.8k |
| GOLDMAN SACHS GROUP INC | Reduced | -555.3k |
| Clearline Capital LP | Reduced | -535.3k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -482.4k |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | Sold out | -365.0k |
| NORDEA INVESTMENT MANAGEMENT AB | Sold out | -364.0k |
| Quinn Opportunity Partners LLC | Sold out | -342.1k |
| LSV ASSET MANAGEMENT | Reduced | -291.1k |
| NORGES BANK | Reduced | -287.9k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $6.4m439.1k shares |
| BARCLAYS PLC | First filing | $6.1m420.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $2.3m158.4k shares |
| Walleye Trading LLC | Reduced | $1.8m121.3k shares |
| GROUP ONE TRADING LLC | Reduced | $1.4m93.5k shares |
| JANE STREET GROUP, LLC | Reduced | $1.3m85.9k shares |
| WATER ISLAND CAPITAL LLC | Added | $1.0m70.0k shares |
| WOLVERINE TRADING, LLC | Reduced | $531.0k36.4k shares |
| SIMPLEX TRADING, LLC | Reduced | $391.0k26.8k shares |
| BANK OF AMERICA CORP /DE/ | Unchanged | $312.4k21.4k shares |
Biggest puts
| BlackRock Inc. | Reduced | $12.1m830.0k shares |
| CITADEL ADVISORS LLC | Added | $7.6m522.7k shares |
| Parallax Volatility Advisers, L.P. | Added | $7.3m500.8k shares |
| MILLENNIUM MANAGEMENT LLC | New | $6.3m430.8k shares |
| SIMPLEX TRADING, LLC | Added | $1.8m121.6k shares |
| Squarepoint Ops LLC | Unchanged | $1.7m115.0k shares |
| WOLVERINE TRADING, LLC | Reduced | $1.1m78.8k shares |
| JANE STREET GROUP, LLC | Reduced | $817.6k56.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $779.6k53.4k shares |
| GROUP ONE TRADING LLC | Reduced | $605.9k41.5k 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 |
|---|---|
DEASON DOUGLAS R
13D · may seek influence
new · filed 2026-04-08
Stated purposeOn December 2, 2025, Darwin Deason passed away. Pursuant to the terms of the Will and applicable law, admitted to probate on February 2, 2026, all Issuer securities beneficially owned by Darwin Deason were transferred to the Trust. On February 6, 2026, the appropriate court issued Letters Testamentary appointing Douglas R. Deason, Scott Letier, and Bryan C. Birkland as Co-Executors (collectively, the "Executors") of the Trust. Mr. Deason, as Co-Executor, has the power to direct the voting and disposition of the Shares held by the Trust and is therefore deemed to be the beneficial owner of such Shares. The Trust holds the Shares for investment purposes and for the administration and eventual distribution of the Trust's assets in accordance with the Will. Mr. Deason, in his capacity as Co-… Full filing |
11.3% |
DD Revocable Trust
13D · may seek influence
new · filed 2026-04-08
Stated purposeOn December 2, 2025, Darwin Deason passed away. Pursuant to the terms of the Will and applicable law, admitted to probate on February 2, 2026, all Issuer securities beneficially owned by Darwin Deason were transferred to the Trust. On February 6, 2026, the appropriate court issued Letters Testamentary appointing the Executors as the personal representatives of the Trust. Consequently, the Executors have acquired shared voting and dispositive power over the Shares held by the Trust. The Trust holds the Shares for investment purposes and for the administration and eventual distribution of the Trust's assets in accordance with the Will. The Executors, in their capacity as fiduciaries of the Trust, will continuously evaluate the Issuer's business, financial condition, and the market for the … Full filing |
11.3% |
DEASON DARWIN
13D · may seek influence
filed 2026-02-13
Stated purposeItem 4 is hereby amended to add the following: On December 2, 2025, Darwin Deason passed away. Pursuant to the terms of the Last Will and Testament of Darwin Deason (the "Will") and applicable law, admitted to probate on February 2, 2026, the 15,283,657 Shares beneficially owned by Mr. Deason were transferred to the Trust. On February 6, 2026, the appropriate court issued Letters Testamentary appointing the Executors as the personal representatives of the Trust. Consequently, the Executors have acquired shared voting and dispositive power over the Shares held by the Trust. The Trust holds the Shares for investment purposes and for the administration and eventual distribution of the Trust's assets in accordance with the Will. The Executors, in their capacity as fiduciaries of the Trust, … Full filing |
9.1% |
| BlackRock, Inc. 13G · institution -6.3 pts · filed 2025-10-17 | 8.3% |
STARTEEPO SICAV a.s.
13D · may seek influence
+0.5 pts · filed 2026-09-08
Stated purposeThe Reporting Persons have increased their investment based on their belief that the Common Stock is undervalued and represents an attractive investment opportunity. On September 7, 2026, the Reporting Persons issued an open letter (the "September Letter") to the Issuer's Board of Directors. In the September Letter, the Reporting Persons acknowledged the Issuer's operational and financial progress, but expressed concern that the Issuer remains deeply undervalued. The Reporting Persons urged the Board of Directors to provide more detailed financial reporting on Xerox Financial Services ("XFS") and to engage financial advisors to conduct a formal strategic review of XFS, evaluating all available alternatives to unlock value, including a joint venture, capital partnership, partial monetizati… Full filing |
7.3% |
Fell to 5% or below in the last year: GOLDMAN SACHS GROUP INC (4.5%, 2026-05-14), VANGUARD GROUP INC (0.0%, 2026-03-27), DIMENSIONAL FUND ADVISORS LP (4.8%, 2026-01-21)
Insider purchases and sales in Q4 2022
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 2021 | 0 | — | 0 | — | — |
| Q2 2021 | 0 | — | 0 | — | — |
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 2 | $181.2k | 0 | — | — |
| Q1 2022 | 0 | — | 0 | — | — |
| Q2 2022 | 0 | — | 1 | $183.6k | — |
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 1 | $155.5k | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2022-11-29 | Palau Hernandez Margarita Director | Bought | $155.5k10.0k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q4 2022
| Manager | Shares | Change |
|---|---|---|
| ICAHN CARL C 2.30% of their portfolio | 34.2m $500.0m | Unchanged |
| BlackRock Inc. 0.01% of their portfolio | 14.3m $209.3m | Reduced -138.9k |
| VANGUARD GROUP INC 0.01% of their portfolio | 13.1m $191.5m | Added +732.9k |
| DIMENSIONAL FUND ADVISORS LP 0.05% of their portfolio | 9.4m $137.6m | Added +637.1k |
| LSV ASSET MANAGEMENT 0.19% of their portfolio | 5.9m $86.2m | Reduced -291.1k |
| STATE STREET CORP 0.00% of their portfolio | 4.7m $70.4m | Added +90.6k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.30% of their portfolio | 3.0m $44.3m | Reduced -88.7k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 2.2m $32.6m | Added +82.1k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 2.1m $31.2m | Reduced -590.8k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.9m $27.7m | Reduced -43.0k |
| TWO SIGMA ADVISERS, LP 0.07% of their portfolio | 1.8m $25.6m | Reduced -137.0k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.7m $24.2m | Reduced -69.3k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 1.6m $22.7m | Reduced -555.3k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.5m $22.3m | Added +64.8k |
| MORGAN STANLEY 0.00% of their portfolio | 1.4m $20.0m | Added +31.5k |
| Alyeska Investment Group, L.P. 0.21% of their portfolio | 1.4m $19.9m | New |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 1.3m $18.7m | Added +32.8k |
| Allianz Asset Management GmbH 0.03% of their portfolio | 1.1m $15.6m | Reduced -28.7k |
| AQR CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 1.0m $15.0m | Added +431.1k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 856.9k $12.5m | Reduced -141.5k |
| Invesco Ltd. 0.00% of their portfolio | 809.9k $11.8m | Added +99.5k |
| GREAT LAKES ADVISORS, LLC 0.07% of their portfolio | 789.3k $1.2m | Reduced -23.7k |
| BARCLAYS PLC 0.01% of their portfolio | 756.3k $11.0m | First filing |
| Clearline Capital LP 1.97% of their portfolio | 752.3k $11.0m | Reduced -535.3k |
| Advisors Asset Management, Inc. 0.21% of their portfolio | 702.9k $10.3m | Added +32.0k |
| Man Group plc 0.04% of their portfolio | 697.7k $10.2m | Added +142.3k |
| Russell Investments Group, Ltd. 0.02% of their portfolio | 672.5k $9.8m | Reduced -35.4k |
| Brandywine Global Investment Management, LLC 0.07% of their portfolio | 629.4k $9.2m | Reduced -20.0k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 536.4k $7.8m | Added +58.7k |
| NORGES BANK 0.00% of their portfolio | 520.1k $7.6m | Reduced -287.9k |
| STOREBRAND ASSET MANAGEMENT AS 0.04% of their portfolio | 481.3k $7.0m | Unchanged |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 479.2k $7.0m | Reduced -29.2k |
| Robeco Institutional Asset Management B.V. 0.02% of their portfolio | 461.5k $6.7m | Reduced -49.3k |
| PANAGORA ASSET MANAGEMENT INC 0.04% of their portfolio | 461.4k $6.7m | Added +138.9k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 412.0k $6.0m | Added +8.1k |
| CREDIT SUISSE AG/ 0.01% of their portfolio | 387.1k $5.7m | Added +113.9k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 375.7k $5.5m | Added +162.8k |
| Squarepoint Ops LLC 0.04% of their portfolio | 374.5k $5.5m | Added +342.3k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.02% of their portfolio | 329.0k $4.8m | Added +175.0k |
| Sound Income Strategies, LLC 0.60% of their portfolio | 320.7k $4.7m | Added +31.9k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.01% of their portfolio | 308.3k $4.7m | Added +16.4k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.02% of their portfolio | 289.9k $4.2m | Added +153.2k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 288.9k $4.2m | Reduced -7.5k |
| Swiss National Bank 0.00% of their portfolio | 281.7k $4.1m | Added +5.5k |
| Cambria Investment Management, L.P. 0.34% of their portfolio | 278.8k $4.1m | Added +43.5k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.02% of their portfolio | 278.8k $4.1m | Reduced -4.9k |
| California Public Employees Retirement System 0.00% of their portfolio | 275.8k $4.0m | Reduced -9.5k |
| PRUDENTIAL FINANCIAL INC 0.01% of their portfolio | 269.1k $3.9m | Added +158.4k |
| UBS Group AG 0.00% of their portfolio | 267.0k $3.9m | Added +83.1k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 260.0k $3.8m | Added +638 |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 235.3k $3.4m | Added +55.7k |
| Legal & General Group Plc 0.00% of their portfolio | 227.9k $3.3m | Reduced -9.1k |
| AMERICAN INTERNATIONAL GROUP, INC. 0.02% of their portfolio | 227.4k $3.3m | Reduced -2.4k |
| Sargent Investment Group, LLC 1.00% of their portfolio | 220.9k $3.2m | Added +14.4k |
| UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.02% of their portfolio | 203.3k $3.0m | Added +43.7k |
| Redwood Investment Management, LLC 0.39% of their portfolio | 199.4k $2.9m | Added +5.3k |
| Engineers Gate Manager LP 0.17% of their portfolio | 199.1k $2.9m | Added +170.9k |
| MARATHON CAPITAL MANAGEMENT 0.77% of their portfolio | 191.7k $2.8m | Reduced -10.5k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 182.0k $2.7m | Reduced -11.6k |
| Cubist Systematic Strategies, LLC 0.02% of their portfolio | 178.3k $2.6m | Added +44.1k |
| CAPITAL FUND MANAGEMENT S.A. 0.06% of their portfolio | 172.6k $2.5m | Added +53.6k |
| Point72 Asset Management, L.P. 0.01% of their portfolio | 169.4k $2.5m | New |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 159.6k $2.3m | Reduced -16.9k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 151.8k $2.2m | Reduced -128.3k |
| Edgestream Partners, L.P. 0.25% of their portfolio | 151.7k $2.2m | Added +75.2k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 151.0k $2.2m | Added +2.0k |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 149.8k $2.2m | Added +28.1k |
| State of New Jersey Common Pension Fund D 0.01% of their portfolio | 147.9k $2.2m | New |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 147.7k $2.2m | Added +112.1k |
| Retirement Systems of Alabama 0.01% of their portfolio | 147.7k $2.2m | Added +1.0k |
| LEVIN CAPITAL STRATEGIES, L.P. 0.29% of their portfolio | 146.8k $2.1m | Added +31.4k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 136.0k $2.0m | Added +94.1k |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.03% of their portfolio | 135.9k $2.0m | Added +72.8k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 134.0k $2.0m | Reduced -772 |
| VALUE HOLDINGS MANAGEMENT CO. LLC 0.43% of their portfolio | 130.5k $1.9m | Reduced -18.0k |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 129.2k $1.9m | Added +20.2k |
| MetLife Investment Management, LLC 0.01% of their portfolio | 127.7k $1.9m | Reduced -1.4k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.01% of their portfolio | 124.1k $1.8m | Reduced -28.2k |
| GUGGENHEIM CAPITAL LLC 0.01% of their portfolio | 113.3k $1.7m | Added +21.3k |
| Schonfeld Strategic Advisors LLC 0.01% of their portfolio | 97.4k $1.4m | Reduced -92.8k |
| Mitsubishi UFJ Trust & Banking Corp 0.00% of their portfolio | 92.7k $1.4m | Added +5.2k |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 92.1k $1.3m | Added +2.0k |
| MAVERICK CAPITAL LTD 0.03% of their portfolio | 90.2k $1.3m | Reduced -97.1k |
| CITIGROUP INC 0.00% of their portfolio | 82.7k $1.2m | Reduced -3.6k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 80.5k $1.2m | Reduced -52 |
| TEXAS PERMANENT SCHOOL FUND CORP 0.02% of their portfolio | 75.2k $1.1m | Reduced -5.2k |
| AMALGAMATED BANK 0.01% of their portfolio | 73.9k $1.1m | Reduced -566 |
| Graham Capital Management, L.P. 0.04% of their portfolio | 71.9k $1.0m | New |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 71.4k $1.0m | Added +33.5k |
| YOUSIF CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 67.4k $984.4k | Reduced -351 |
| MACQUARIE GROUP LTD 0.00% of their portfolio | 61.3k $895.0k | Reduced -3.1k |
| Balyasny Asset Management L.P. 0.00% of their portfolio | 60.5k $883.0k | Reduced -41.7k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 60.4k $882.6k | Reduced -8.4k |
| Ensign Peak Advisors, Inc 0.00% of their portfolio | 60.0k $875.4k | Added +5.2k |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 59.9k $874.0k | Reduced -50.0k |
| SIMPLEX TRADING, LLC 0.04% of their portfolio | 57.7k $843.0k | New |
| FEDERATED HERMES, INC. 0.00% of their portfolio | 57.2k $834.4k | Added +6.3k |
| Trexquant Investment LP 0.02% of their portfolio | 55.9k $816.6k | New |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 55.5k $810.4k | Added +6.1k |
| TWINBEECH CAPITAL LP 0.02% of their portfolio | 55.3k $807.1k | New |