undamentalytics Newsletter

QXO, Inc.: which funds bought and sold

Institutions that bought and sold QXO shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 445 institutions that filed 13F reports for both quarters added to or opened positions in QXO, and 189 cut or closed them. Together they added a net 180.1M shares, +25.9% on what they held at the start of the quarter. Active managers and hedge funds on our list were net buyers of 76.5M shares (+34.4%); index fund managers were net buyers of 24.8M shares (+22.8%). 134 opened a new position and 82 sold out entirely.

Bought, Q2 2026 445 institutions, 134 of them new holders Sold, Q2 2026 189 institutions, 82 of them sold out
Net change, all compared +180.1M shares (+25.9%)
Net change, active managers +76.5M shares (+34.4%), 50 bought, 19 sold

Buyers versus sellers

institutions compared, 705
Active managers and hedge funds 50 bought · 19 sold · +76.5M
Index fund managers 6 bought · 4 sold · +24.8M
Other institutions 389 bought · 166 sold · +78.8M

Biggest buyers

by change in shares held
Biggest buyers
Institution Change in shares Shares June 30, 2026 Value
Baillie Gifford & Co Active manager +34.2M +251.3% 47.9M $827M
Blackrock, Inc. Index funds +21.3M +84.1% 46.5M $804M
UBS Group AG +15.0M +98.2% 30.2M $522M
Morgan Stanley +11.9M +15.9% 86.5M $1.5B
Invesco Ltd. +10.0M +26.2% 48.1M $831M
Balyasny Asset Management L.P. Hedge fund +7.6M +4521.2% 7.8M $134M
Millennium Management LLC Hedge fund +7.2M +9621.9% 7.3M $126M
Schonfeld Strategic Advisors LLC Hedge fund +6.8M +6131.5% 6.9M $120M
HRT Financial LP +6.6M +9682.4% 6.6M $115M
Fil Ltd Active manager +5.4M +488.4% 6.6M $113M
Fred Alger Management, LLC Active manager +5.0M +22.1% 27.4M $473M
Finepoint Capital LP Hedge fund +4.3M +30.7% 18.1M $313M
Fort Washington Investment Advisors Inc +3.8M +514.1% 4.5M $78.3M
Spyglass Capital Management LLC Hedge fund +3.6M New position 3.6M $63M
First Manhattan Co. Llc. Active manager +3.2M +196.1% 4.9M $84.1M
Blue Whale Capital LLP +3.0M +161.1% 4.8M $83.2M
Susquehanna International Group, LLP +2.7M +307.6% 3.5M $61M
Exoduspoint Capital Management, LP Hedge fund +2.6M +1412.2% 2.8M $48.6M
Goldman Sachs Group Inc +2.6M +122.3% 4.7M $81.9M
Daiwa Securities Group Inc. +2.4M New position 2.4M $40.9M

Biggest sellers

by change in shares held
Biggest sellers
Institution Change in shares Shares June 30, 2026 Value
Cercano Management LLC −4.3M −90.0% 483K $8.3M
Price T Rowe Associates Inc Active manager −4.3M −82.5% 900K $15.6M
FMR LLC Active manager −3.4M −73.8% 1.2M $20.8M
Hood River Capital Management LLC −3.2M −39.3% 4.9M $85.3M
T. Rowe Price Investment Management, Inc. Active manager −2.7M −41.3% 3.8M $66.3M
Bessemer Group Inc −1.6M −99.9% 1,302 $22,000
Gilder Gagnon Howe & Co LLC Active manager −1.2M −20.0% 4.8M $82.7M
Zimmer Partners, LP Hedge fund −1.0M −66.4% 530K $9.2M
BNP Paribas Financial Markets −724K −90.1% 80K $1.4M
Focus Partners Wealth −716K Sold out 0 —
Citigroup Inc −687K −85.4% 117K $2M
Massachusetts Financial Services Co Active manager −671K −19.5% 2.8M $50M
Van Eck Associates Corp −619K Sold out 0 —
Exane Asset Management −475K Sold out 0 —
Driehaus Capital Management LLC Active manager −366K Sold out 0 —
Allspring Global Investments Holdings, LLC −346K −17.1% 1.7M $27.8M
Healthcare Of Ontario Pension Plan Trust Fund −325K −44.8% 400K $6.9M
Northern Trust Corp Index funds −318K −10.9% 2.6M $44.8M
Samjo Management, LLC −316K Sold out 0 —
Amundi −301K −23.8% 964K $16.7M

New positions

largest by value
InstitutionSharesValue June 30, 2026
Spyglass Capital Management LLCHedge fund 3.6M $63M
Daiwa Securities Group Inc. 2.4M $40.9M
Jane Street Group, LLC 1.8M $30.4M
Virtu Financial LLC 1.7M $30M
Summittx Capital, L.P. 927K $16M
USS Investment Management Ltd 915K $15.9M
Capstone Investment Advisors, LLCHedge fund 600K $10.4M
Galvin, Gaustad & Stein, LLC 478K $8.3M
Holocene Advisors, LPHedge fund 470K $8.1M
Bluefin Capital Management, LLC 417K $7.2M

Sold out

largest by value

Who holds the shares

13F holdings at June 30, 2026
Institutions reporting
636
Ten largest holders
50.6%
of 13F-reported shares
Index fund managers
15.0%
of 13F-reported shares
Active managers and hedge funds
33.6%
of 13F-reported shares
Buying and selling by type of institution, March 31, 2026 to June 30, 2026
TypeBoughtSoldNewSold outNet change in sharesNet %
Active managers and hedge funds 50 19 18 7 +76.5M +34.4%
Index fund managers 6 4 0 0 +24.8M +22.8%
Other institutions 389 166 116 75 +78.8M +21.6%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

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