Finepoint Capital LP Has $396.45 Million Position in QXO, Inc. (NASDAQ:QXO)

Finepoint Capital LP lowered its holdings in shares of QXO, Inc. (NASDAQ:QXO) by 3.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 24,933,825 shares of the company’s stock after selling 816,956 shares during the period. QXO comprises 24.2% of Finepoint Capital LP’s holdings, making the stock its largest holding. Finepoint Capital LP owned about 0.06% of QXO worth $396,448,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Geode Capital Management LLC grew its stake in shares of QXO by 64,992.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,853,653 shares of the company’s stock valued at $45,019,000 after buying an additional 2,849,269 shares during the period. Vanguard Group Inc. increased its holdings in QXO by 24.6% during the fourth quarter. Vanguard Group Inc. now owns 10,039,864 shares of the company’s stock worth $159,634,000 after buying an additional 1,979,147 shares during the last quarter. State Street Corp bought a new position in shares of QXO during the 3rd quarter valued at approximately $16,245,000. JPMorgan Chase & Co. lifted its stake in QXO by 523.9% in the fourth quarter. JPMorgan Chase & Co. now owns 877,902 shares of the company’s stock valued at $13,959,000 after purchasing an additional 737,192 shares during the last quarter. Finally, Swiss National Bank purchased a new stake in QXO in the fourth quarter worth $10,884,000. 58.68% of the stock is owned by institutional investors and hedge funds.

QXO Stock Up 1.3 %

NASDAQ QXO opened at $13.98 on Friday. The firm has a market cap of $5.72 billion, a P/E ratio of -1.53, a price-to-earnings-growth ratio of 4.09 and a beta of 2.16. The company’s 50 day moving average is $13.26 and its 200-day moving average is $14.75. QXO, Inc. has a 12-month low of $10.61 and a 12-month high of $290.00.

QXO Profile

QXO, Inc operates as a business application, technology, and consulting company in North America. The company provides solutions for accounting and business management, financial reporting, enterprise resource planning, human capital management, warehouse management systems, customer relationship management, and business intelligence.