Silver Oak Securities Acquires Stake in QXO, Inc.

Silver Oak Securities Incorporated has acquired a new stake in QXO, Inc. (NASDAQ:QXO) during the fourth quarter, as indicated by its latest 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 24,242 shares of QXO, Inc., amounting to an investment of roughly $372,000.

In addition to Silver Oak Securities, several other hedge funds have also made significant adjustments to their investments in QXO. For instance, Finepoint Capital LP acquired a new stake during the third quarter valued at approximately $406 million. Furthermore, Geode Capital Management LLC significantly increased its holdings in QXO by 64,992.4% during the same quarter, now owning 2,853,653 shares worth about $45 million after acquiring an additional 2,849,269 shares. Other noteworthy investors include Allspring Global Investments Holdings LLC, which purchased shares for about $42.593 million, followed by Massachusetts Financial Services Co. MA and Charles Schwab Investment Management Inc., with new stakes worth approximately $32.559 million and $24.130 million, respectively. Overall, institutions and hedge funds together hold 58.68% of QXO's stock.

Current Stock Performance

As of Friday, NASDAQ QXO saw a decrease of 2.1%, opening at $13.26. The stock has a 52-week low of $10.61 and a high of $290.00. The company’s 50-day moving average stands at $15.23, while the 200-day moving average is at $17.21. Currently, QXO, Inc. has a market capitalization of $5.43 billion, with a P/E ratio of -1.45, a P/E/G ratio of 3.39, and a beta of 2.27.

About QXO, Inc.

QXO, Inc. operates as a technology and consulting firm within North America. The company specializes in various business applications, offering solutions related to accounting, business management, financial reporting, enterprise resource planning, human capital management, warehouse management systems, customer relationship management, and business intelligence.

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