QXO, Inc.

QXO • NASDAQ

QXO, Inc. is a software - application company in the technology sector on NASDAQ, led by Brad Jacobs, with a market cap of $14.9B. As of Q3 2025, 90% of shares are held by 463 institutional investors, with Orbis Allan Gray Ltd as the largest holder at 12.84%.

Chief Executive OfficerBrad Jacobs

Market Cap$14.9B

Software - Application

Technology

Employees195.0

Websiteqxo.com

Country

United States of America

Overview

Overview of institutional ownership in QXO as of Q3 2025 with a market cap of $12.8B

All Institutions

Institutions: 463
Value Held: $11.5B
Shares Held: 604.6M
Avg Position: $24.9M
Median Position: $900.6K

Hedge Funds

Hedge Funds: 62
Value Held: $2.3B
Shares Held: 122.2M
Avg Position: $37.6M
Median Position: $4.9M

Ownership Breakdown

Institutional (non-HF)

71.62%

$9.2B

Hedge Funds

18.14%

$2.3B

Retail & Other

10.24%

$1.3B

Based on market cap of $12.8B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in QXO as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
O Orbis Allan Gray Ltd RIA/Wealth	Don Lynn Ray Managing Partner	$1.6B 7.08% of portfolio	12.84% 86.5M shares	Q3 2024 Held for 1y 2m	$23.3B
VANGUARD GROUP INC Institution	Salim Ramji CEO	$1.1B 0.02% of portfolio	8.21% 55.3M shares	Q2 2024 Held for 1y 5m	$6.69T
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$1.0B 0.06% of portfolio	7.92% 53.3M shares	Q4 2023 Held for 1y 11m	$1.65T
M MFN Partners Management, LP Hedge Fund•Value	Farhad Nanji Founder	$729.1M 14.72% of portfolio	5.68% 38.3M shares	Q3 2024 Held for 1y 2m	$5.0B
Invesco Ltd. ETF Provider	Brian Christopher Hartigan CEO	$640.5M 0.10% of portfolio	4.99% 33.6M shares	Q4 2024 Held for 11 months	$633.08B
A Affinity Partners GP LP Institution	-	$622.7M 100.00% of portfolio	4.85% 32.7M shares	Q4 2024 Held for 11 months	$622.7M
Falcon Edge Capital LP Hedge Fund•Multi-Strategy	Richard Matthew Gerson Founder	$464.9M 47.08% of portfolio	3.62% 24.4M shares	Q2 2025 Held for 5 months	$987.3M
B BlackRock, Inc. Institution	-	$426.4M 0.01% of portfolio	3.32% 22.4M shares	Q2 2024 Held for 1y 5m	$5.67T
Finepoint Capital LP Hedge Fund•Value	Herbert Schwind Wagner CEO	$425.0M 78.28% of portfolio	3.31% 22.3M shares	Q3 2024 Held for 1y 2m	$542.9M
SCHF , LLC Fund of Funds	Keith Bryon Johnson CEO	$253.9M 35.87% of portfolio	1.98% 13.3M shares	Q1 2025 Held for 8 months	$707.7M

Net Capital Flow

Institutional buying and selling activity for QXO in Q3 2025

Traded: +$41.2M
Buyers: 346
Sellers: 116
Total Bought: +$1.3B
Total Sold: −$1.3B
Avg Position: $22.8M

Biggest Buyers

Institution	Net Bought	Current Position
F FRED ALGER MANAGEMENT INC Long Only Manager	+$173.1M +9.1M shares	$173.1M 9.1M shares
VANGUARD GROUP INC Institution	+$155.0M +8.1M shares	$1.1B 55.3M shares
MORGAN STANLEY RIA/Wealth	+$154.2M +8.1M shares	$1.0B 53.3M shares
Invesco Ltd. ETF Provider	+$115.1M +6.0M shares	$640.5M 33.6M shares
UBS Group AG Institution	+$43.7M +2.3M shares	$83.3M 4.4M shares
R ROYAL BANK OF CANADA Institution	+$32.2M +1.7M shares	$44.5M 2.3M shares
ING INVESTMENT MANAGEMENT LLC Insurance Manager	+$32.2M +1.7M shares	$38.6M 2.0M shares
A AMERICAN CENTURY COMPANIES INC Institution	+$28.3M +1.5M shares	$29.1M 1.5M shares
Z Zimmer Partners, LP Hedge Fund•Long/Short	+$26.2M +1.4M shares	$34.5M 1.8M shares
C CI INVESTMENTS INC. Institution	+$23.5M +1.2M shares	$27.1M 1.4M shares

Biggest Sellers

Institution	Net Sold	Current Position
O Orbis Allan Gray Ltd RIA/Wealth	−$186.7M −9.8M shares	$1.6B 86.5M shares
M MFN Partners Management, LP Hedge Fund•Value	−$165.0M −8.7M shares	$729.1M 38.3M shares
GOLDMAN SACHS GROUP INC Institution	−$143.3M −7.5M shares	$23.2M 1.2M shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$92.3M −4.8M shares	$15.7M 824.4K shares
FMR LLC Institution	−$87.3M −4.6M shares	$71.1M 3.7M shares
B BlackRock, Inc. Institution	−$68.7M −3.6M shares	$426.4M 22.4M shares
F FIL Ltd Institution	−$65.1M −3.4M shares	$9.5M 498.3K shares
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	−$38.3M −2.0M shares	$1.5M 81.0K shares
Ghisallo Capital Management LLC Hedge Fund•Multi-Strategy	−$30.5M −1.6M shares	$7.6M 400.0K shares
D D. E. Shaw & Co., Inc. Institution	−$29.3M −1.5M shares	$2.4M 123.3K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited QXO in Q3 2025

New Positions: 149
New Value: $352.3M
Exited Positions: 43
Exited Value: $146.6M

New Positions

Institution	Position Value
F FRED ALGER MANAGEMENT INC Long Only Manager	$173.1M 9.1M shares
C CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM Institution	$15.0M 787.3K shares
FISHMAN JAY A LTD/MI RIA/Wealth	$10.4M 547.9K shares
S STEADFAST CAPITAL MANAGEMENT LP Hedge Fund•Long/Short	$10.1M 532.0K shares
J JACKSON HILL ADVISORS, LLC Hedge Fund•Value	$9.9M 522.0K shares
Clearbridge Investments, LLC Long Only Manager	$9.2M 484.4K shares
T TWINBEECH CAPITAL LP Hedge Fund•Quant	$7.7M 404.4K shares
S Samjo Management, LLC Hedge Fund•Long/Short	$5.8M 303.6K shares
Oribel Capital Management, LP Hedge Fund•Long/Short	$5.7M 298.5K shares
S SCOTIA CAPITAL INC. Institution	$5.7M 297.0K shares

Exited Positions

Institution	Previous Position
CAPSTONE INVESTMENT ADVISORS, LLC Hedge Fund•Multi-Strategy	$21.5M 1.0M shares
J JANE STREET GROUP, LLC Institution	$16.6M 771.6K shares
Schonfeld Strategic Advisors LLC Hedge Fund•Multi-Strategy	$12.5M 582.3K shares
HBK INVESTMENTS L P Hedge Fund•Multi-Strategy	$10.8M 500.0K shares
T Tribune Investment Group LP Hedge Fund•Event Driven	$9.0M 420.0K shares
Y Y-Intercept Ltd Institution	$8.1M 376.5K shares
OZ MANAGEMENT LP Hedge Fund•Multi-Strategy	$7.8M 362.2K shares
J J. Goldman & Co LP Hedge Fund•Multi-Strategy	$7.4M 342.4K shares
Fortress Investment Group LLC RIA/Wealth	$6.5M 300.0K shares
Aperture Investors, LLC Hedge Fund•Multi-Strategy	$5.8M 269.7K shares

Options Activity

Institutions with the largest Call and Put options positions in QXO as of Q3 2025

Call Positions: 20
Call Value: $68.8M
Put Positions: 18
Put Value: $73.2M

Call Positions

Institution	Position Value
M MAPLELANE CAPITAL, LLC Hedge Fund•Long/Short	$15.2M 8.0K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$14.3M 7.5K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$13.9M 7.3K contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$6.3M 3.3K contracts
J JANE STREET GROUP, LLC Institution	$5.7M 3.0K contracts
W WOLVERINE TRADING, LLC Institution	$3.7M 2.0K contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$2.5M 1.3K contracts
P PEAK6 LLC Institution	$2.0M 1.1K contracts
Walleye Trading LLC RIA/Wealth	$1.9M 1.0K contracts
GOLDMAN SACHS GROUP INC Institution	$1.4M 740.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$21.5M 11.3K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$20.2M 10.6K contracts
J JANE STREET GROUP, LLC Institution	$12.1M 6.3K contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$7.0M 3.7K contracts
W WOLVERINE TRADING, LLC Institution	$4.1M 2.2K contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$2.7M 1.4K contracts
Walleye Trading LLC RIA/Wealth	$1.7M 885.0 contracts
Caption Management, LLC Hedge Fund•Long/Short	$1.5M 780.0 contracts
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$741.4K 389.0 contracts
UBS Group AG Institution	$608.0K 319.0 contracts

Most Committed Institutions

Institutions with QXO as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
B Blue Investment Opportunities, LLC - Project Breeze Series 1 Institution	-	100.00% $166.3M	1.30% 8.7M shares	Q1 2025 Held for 8 months	$166.3M
A Affinity Partners GP LP Institution	-	100.00% $622.7M	4.85% 32.7M shares	Q4 2024 Held for 11 months	$622.7M
Finepoint Capital LP Hedge Fund•Value	Herbert Schwind Wagner CEO	78.28% $425.0M	3.31% 22.3M shares	Q3 2024 Held for 1y 2m	$542.9M
Falcon Edge Capital LP Hedge Fund•Multi-Strategy	Richard Matthew Gerson Founder	47.08% $464.9M	3.62% 24.4M shares	Q2 2025 Held for 5 months	$987.3M
SCHF , LLC Fund of Funds	Keith Bryon Johnson CEO	35.87% $253.9M	1.98% 13.3M shares	Q1 2025 Held for 8 months	$707.7M
L Liberty Mutual Group Asset Management Inc. Institution	-	24.74% $77.8M	0.61% 4.1M shares	Q3 2024 Held for 1y 2m	$314.5M
B Barrier Capital Management, LLC RIA/Wealth	Christopher Bennett Kanand Managing Partner	20.79% $28.1M	0.22% 1.5M shares	Q3 2024 Held for 1y 2m	$135.1M
Tsai Capital Corp RIA/Wealth	Christopher Tsai President	17.63% $25.3M	0.20% 1.3M shares	Q3 2024 Held for 1y 2m	$143.4M
M MFN Partners Management, LP Hedge Fund•Value	Farhad Nanji Founder	14.72% $729.1M	5.68% 38.3M shares	Q3 2024 Held for 1y 2m	$5.0B
R.P. Boggs & Co. Wealth Mangement RIA/Wealth	Robert Paul Boggs President	9.67% $21.3M	0.17% 1.1M shares	Q1 2025 Held for 8 months	$220.5M

Hedge Fund Spotlight

Discover hedge funds investing in QXO

JACKSON HILL ADVISORS, LLC

Hedge Fund • Value

Portfolio ManagerVincent Scott Soler

Portfolio Value: $211.5M
Positions: 14
Last Reported: Q3 2025

Sector Allocation

Position in QXO, Inc.

Market Value: $9.9M
Shares Held: 522.0K
Portfolio Weight: 4.70%
Owned Since: 2025-Q3

Top Holding	Sector	Market Value	Weight
1 Brookfield BN	Asset Management Financial Services	$29.8M	14.10%
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3 Alphabet Inc. GOOG	Internet Content & Information Communication Services	$21.4M	10.13%