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 ($1.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $3.13. Options: 16 managers hold calls ($23.8m notional), 18 hold puts ($39.8m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 295 |
| Q4 2022 | 305 |
| Q1 2023 | 307 |
| Q2 2023 | 306 |
| Q3 2023 | 300 |
| Q4 2023 | 312 |
| Q1 2024 | 338 |
| Q2 2024 | 311 |
| Q3 2024 | 290 |
| Q4 2024 | 283 |
| Q1 2025 | 305 |
| Q2 2025 | 295 |
| Q3 2025 | 278 |
| Q4 2025 | 247 |
| Q1 2026 | 218 |
| Q2 2026 | 231 |
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 | 143 | 158 |
| Q4 2024 | 147 | 136 |
| Q1 2025 | 166 | 115 |
| Q2 2025 | 169 | 131 |
| Q3 2025 | 111 | 172 |
| Q4 2025 | 103 | 151 |
| Q1 2026 | 102 | 129 |
| Q2 2026 | 129 | 93 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $24.0m | $45.6m | 1.90 |
| Q4 2025 | $15.5m | $37.3m | 2.41 |
| Q1 2026 | $8.7m | $13.8m | 1.59 |
| Q2 2026 | $23.8m | $39.8m | 1.67 |
Biggest buyers
| D. E. Shaw & Co., Inc. | Added | +2.4m |
| BW Gestao de Investimentos Ltda. | Added | +2.1m |
| MARSHALL WACE, LLP | Added | +1.5m |
| MILLENNIUM MANAGEMENT LLC | Added | +1.2m |
| PARADIGM CAPITAL MANAGEMENT INC/NY | Added | +917.3k |
| CITADEL ADVISORS LLC | New | +874.7k |
| JANE STREET GROUP, LLC | New | +773.8k |
| MORGAN STANLEY | Added | +602.0k |
| Converium Capital Inc. | New | +575.0k |
| Point72 Asset Management, L.P. | New | +491.6k |
Biggest sellers
| DIMENSIONAL FUND ADVISORS LP | Reduced | -3.1m |
| Allianz Asset Management GmbH | Reduced | -1.9m |
| First Eagle Investment Management, LLC | Sold out | -1.1m |
| VANGUARD PORTFOLIO MANAGEMENT LLC | Reduced | -605.3k |
| Mitsubishi UFJ Trust & Banking Corp | Sold out | -576.7k |
| Atom Investors LP | Reduced | -506.7k |
| SEGALL BRYANT & HAMILL, LLC | Sold out | -432.8k |
| JPMORGAN CHASE & CO | Reduced | -425.0k |
| VANGUARD CAPITAL MANAGEMENT LLC | Reduced | -416.5k |
| Man Group plc | Reduced | -416.2k |
Biggest calls
| UBS Group AG | Unchanged | $9.0m2.9m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $5.0m1.6m shares |
| SIMPLEX TRADING, LLC | Added | $1.8m833.6k shares |
| CITADEL ADVISORS LLC | Added | $1.6m503.9k shares |
| GROUP ONE TRADING LLC | Added | $1.5m479.3k shares |
| IMC-Chicago, LLC | Added | $1.4m453.3k shares |
| D. E. Shaw & Co., Inc. | Unchanged | $782.5k250.0k shares |
| CSS LLC/IL | Reduced | $782.5k250.0k shares |
| JANE STREET GROUP, LLC | Reduced | $718.3k229.5k shares |
| SUMMIT SECURITIES GROUP LLC | Added | $630.1k201.3k shares |
Biggest puts
| DLD Asset Management, LP | Added | $9.6m3.1m shares |
| WHITEBOX ADVISORS LLC | Unchanged | $6.3m2.0m shares |
| LMR Partners LLP | Unchanged | $6.0m1.9m shares |
| Kore Advisors LP | Unchanged | $5.8m1.9m shares |
| WOLVERINE ASSET MANAGEMENT LLC | Unchanged | $2.9m940.5k shares |
| Parallax Volatility Advisers, L.P. | Added | $2.7m860.0k shares |
| Greenland Capital Management LP | New | $2.3m750.0k shares |
| Lombard Odier Asset Management (USA) Corp | Unchanged | $1.1m350.0k shares |
| Sculptor Capital LP | Unchanged | $792.5k253.2k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $544.6k174.0k 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 |
|---|---|
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 since 1 Apr 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 |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 4 | $364.3k | 0 | — | — |
| Q3 2025 | 2 | $137.8k | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
| Q2 2026 | 0 | — | 0 | — | — |
| Q3 2026 | 0 | — | 0 | — | — |
None reported since 1 Apr 2026.
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.00% of their portfolio | 10.6m $33.2m | Added +440.0k |
| STATE STREET CORP 0.00% of their portfolio | 5.8m $18.4m | Reduced -34.1k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 5.7m $17.8m | Added +2.4m |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio | 5.5m $17.2m | Reduced -605.3k |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 5.5m $17.1m | Added +217.5k |
| MARSHALL WACE, LLP 0.01% of their portfolio | 5.2m $16.2m | Added +1.5m |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 4.6m $14.5m | Reduced -416.5k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 3.8m $11.9m | Added +359.4k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 3.3m $10.3m | Reduced -344.7k |
| BW Gestao de Investimentos Ltda. 0.25% of their portfolio | 3.2m $10.2m | Added +2.1m |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 3.2m $10.0m | Added +271.5k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 2.8m $8.6m | Reduced -3.1m |
| Man Group plc 0.01% of their portfolio | 2.2m $6.8m | Reduced -416.2k |
| PARADIGM CAPITAL MANAGEMENT INC/NY 0.15% of their portfolio | 1.8m $5.6m | Added +917.3k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 1.4m $4.4m | Added +1.2m |
| UBS Group AG 0.00% of their portfolio | 1.4m $4.4m | Added +397.4k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 1.4m $4.2m | Added +485.8k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.00% of their portfolio | 1.3m $4.2m | Reduced -225.5k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.3m $4.1m | Added +145.4k |
| MORGAN STANLEY 0.00% of their portfolio | 1.3m $4.1m | Added +602.0k |
| Connor, Clark & Lunn Investment Management Ltd. 0.01% of their portfolio | 1.0m $3.3m | Added +30.2k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 958.2k $3.0m | Reduced -425.0k |
| PRIVATE MANAGEMENT GROUP INC 0.08% of their portfolio | 934.0k $2.9m | Reduced -25.0k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 874.7k $2.7m | New |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 817.9k $2.6m | Added +172.3k |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 796.0k $2.5m | Added +37.7k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 773.8k $2.4m | New |
| Kovack Advisors, Inc. 0.11% of their portfolio | 720.9k $2.2m | Added +74.0k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.03% of their portfolio | 615.8k $1.9m | Added +29.5k |
| LSV ASSET MANAGEMENT 0.00% of their portfolio | 603.0k $1.9m | Reduced -48.2k |
| Empowered Funds, LLC 0.01% of their portfolio | 599.4k $1.9m | Added +69.0k |
| Squarepoint Ops LLC 0.00% of their portfolio | 584.8k $1.8m | Added +170.8k |
| Converium Capital Inc. 0.72% of their portfolio | 575.0k $1.8m | New |
| GAMCO INVESTORS, INC. ET AL 0.02% of their portfolio | 565.7k $1.8m | Added +1.7k |
| STOREBRAND ASSET MANAGEMENT AS 0.00% of their portfolio | 503.6k $1.6m | Unchanged |
| Point72 Asset Management, L.P. 0.00% of their portfolio | 491.6k $1.5m | New |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 469.5k $1.5m | Added +291.6k |
| Allianz Asset Management GmbH 0.00% of their portfolio | 458.5k $1.4m | Reduced -1.9m |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 420.5k $1.3m | Added +331.6k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 419.5k $1.3m | Added +36.4k |
| CastleKnight Management LP 0.05% of their portfolio | 404.6k $1.3m | Unchanged |
| Mork Capital Management, LLC 0.75% of their portfolio | 375.0k $1.2m | Unchanged |
| Invesco Ltd. 0.00% of their portfolio | 374.9k $1.2m | Reduced -84.9k |
| Lombard Odier Asset Management (USA) Corp 0.98% of their portfolio | 350.0k $1.1m | Unchanged |
| Caption Management, LLC 0.04% of their portfolio | 331.5k $1.0m | Added +275.3k |
| Nuveen, LLC 0.00% of their portfolio | 327.8k $1.0m | Added +12.6k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 321.7k $1.0m | Reduced -4.6k |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.02% of their portfolio | 286.6k $897.1k | Added +203.1k |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 260.3k $814.7k | Added +246.7k |
| Headlands Technologies LLC 0.08% of their portfolio | 248.8k $778.7k | New |
| Susquehanna Portfolio Strategies, LLC 0.01% of their portfolio | 246.4k $771.3k | Unchanged |
| STRS OHIO 0.00% of their portfolio | 211.2k $661.1k | Added +122.9k |
| NOMURA HOLDINGS INC 0.00% of their portfolio | 208.8k $653.5k | Added +165.3k |
| Odyssean, LLC 0.10% of their portfolio | 204.0k $638.5k | New |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 198.2k $255.6k | Added +45.2k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 187.0k $586.0k | Added +39.7k |
| Quantbot Technologies LP 0.02% of their portfolio | 183.4k $574.1k | Added +170.8k |
| LPL Financial LLC 0.00% of their portfolio | 175.0k $547.9k | Added +7.2k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 172.6k $540.2k | Added +7.7k |
| BARCLAYS PLC 0.00% of their portfolio | 172.2k $538.8k | Reduced -315.5k |
| Merit Financial Group, LLC 0.00% of their portfolio | 151.8k $475.2k | New |
| Schonfeld Strategic Advisors LLC 0.00% of their portfolio | 149.1k $466.8k | New |
| AXQ CAPITAL, LP 0.05% of their portfolio | 142.4k $445.8k | New |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 140.2k $438.8k | Added +98.0k |
| WOLVERINE ASSET MANAGEMENT LLC 0.01% of their portfolio | 123.3k $385.8k | Added +9.2k |
| Graham Capital Management, L.P. 0.01% of their portfolio | 121.3k $379.8k | Reduced -160.4k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 120.0k $375.5k | Added +36.1k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 119.1k $372.7k | Added +22.9k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.00% of their portfolio | 104.7k $327.7k | Reduced -62.0k |
| Advisors Asset Management, Inc. 0.00% of their portfolio | 99.1k $310.2k | Reduced -22.2k |
| CITIGROUP INC 0.00% of their portfolio | 97.4k $304.8k | Added +91.9k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 92.0k $287.9k | Added +27.1k |
| SummerHaven Investment Management, LLC 0.15% of their portfolio | 87.1k $272.6k | Unchanged |
| Quadrature Capital Ltd 0.00% of their portfolio | 81.1k $253.8k | New |
| Walleye Capital LLC 0.00% of their portfolio | 74.5k $233.2k | Reduced -99 |
| Engineers Gate Manager LP 0.00% of their portfolio | 73.0k $228.6k | Reduced -172.4k |
| GABELLI FUNDS LLC 0.00% of their portfolio | 68.0k $212.8k | Unchanged |
| MetLife Investment Management, LLC 0.00% of their portfolio | 67.2k $210.5k | Added +24.3k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 62.0k $193.9k | Reduced -19 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio | 60.9k $171.9k | Added +41.7k |
| MANGROVE PARTNERS IM, LLC 0.01% of their portfolio | 59.7k $186.8k | New |
| Atom Investors LP 0.02% of their portfolio | 56.9k $178.2k | Reduced -506.7k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 56.0k $175.2k | Reduced -101 |
| SBI Securities Co., Ltd. 0.00% of their portfolio | 44.6k $139.5k | Added +3.7k |
| IEQ CAPITAL, LLC 0.00% of their portfolio | 42.6k $133.2k | New |
| Vanguard Global Advisers, LLC 0.00% of their portfolio | 41.7k $130.4k | Unchanged |
| Verition Fund Management LLC 0.00% of their portfolio | 40.0k $125.2k | New |
| MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio | 38.6k $120.8k | New |
| Gotham Asset Management, LLC 0.00% of their portfolio | 36.8k $115.1k | New |
| DekaBank Deutsche Girozentrale 0.00% of their portfolio | 36.7k $47.0k | Unchanged |
| Marathon Trading Investment Management LLC 0.01% of their portfolio | 35.7k $111.6k | Reduced -25.0k |
| CIDEL ASSET MANAGEMENT INC 0.01% of their portfolio | 35.6k $111.5k | Added +3.5k |
| Sigma Planning Corp 0.00% of their portfolio | 33.3k $104.1k | Added +1.4k |
| YOUSIF CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 33.2k $103.9k | Reduced -312 |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 33.0k $103.4k | Reduced -88.0k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio | 32.8k $102.6k | Unchanged |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 32.6k $101.9k | Reduced -2.4k |
| Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio | 32.5k $101.8k | Unchanged |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 32.1k $100.6k | New |
| J. Safra Sarasin Holding AG 0.00% of their portfolio | 32.1k $100.5k | New |