QXO, Inc. (NASDAQ:QXO) is Finepoint Capital LP’s Largest Position

Finepoint Capital LP decreased its holdings in shares of QXO, Inc. (NASDAQ:QXO) by 3.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,933,825 shares of the company’s stock after selling 816,956 shares during the quarter. QXO makes up about 24.2% of Finepoint Capital LP’s holdings, making the stock its biggest position. Finepoint Capital LP owned approximately 6.09% of QXO worth $396,448,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of QXO. Summit Trail Advisors LLC boosted its holdings in shares of QXO by 1.3% in the 4th quarter. Summit Trail Advisors LLC now owns 115,967 shares of the company’s stock worth $1,844,000 after acquiring an additional 1,497 shares in the last quarter. Wellington Shields & Co. LLC increased its position in shares of QXO by 2.0% during the fourth quarter. Wellington Shields & Co. LLC now owns 75,000 shares of the company’s stock worth $1,192,000 after acquiring an additional 1,500 shares in the last quarter. SG Americas Securities LLC raised its position in QXO by 45.8% in the 4th quarter. SG Americas Securities LLC now owns 9,544 shares of the company’s stock valued at $152,000 after buying an additional 3,000 shares during the last quarter. Verdence Capital Advisors LLC grew its holdings in shares of QXO by 23.7% in the 4th quarter. Verdence Capital Advisors LLC now owns 15,908 shares of the company’s stock valued at $253,000 after acquiring an additional 3,050 shares in the last quarter. Finally, Simon Quick Advisors LLC raised its stake in shares of QXO by 24.0% during the 4th quarter. Simon Quick Advisors LLC now owns 15,834 shares of the company’s stock worth $252,000 after purchasing an additional 3,064 shares in the last quarter. 58.68% of the stock is owned by institutional investors.

QXO Price Performance

QXO stock opened at $13.98 on Friday. The company’s 50-day moving average is $13.26 and its 200-day moving average is $14.75. The firm has a market capitalization of $5.72 billion, a PE ratio of -1.53, a P/E/G ratio of 4.09 and a beta of 2.16. QXO, Inc. has a fifty-two week low of $10.61 and a fifty-two week high of $290.00.

About QXO

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.