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What smart money is saying about QXO, Inc.United States flag

QXO · Industrials · Industrial - Distribution · Market cap $16.17B

6 funds in our archive have pitched QXO, Inc. — most recently Alger.com Focus Equity Fund in June 2026.

Company profile

QXO, Inc. is a publicly traded distributor of roofing, waterproofing and complementary building products in the United States. It plans to become tech-enabled in the building products distribution industry and generate outsized value for shareholders. The company was founded on October 3, 2002, and is headquartered in Greenwich, CT.

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Summarize with Warren AI
9
Reported positions
6
Bought
0
Sold
11
Letters

Position history

Between Q3 2025 and Q2 2026, 9 fund letters reported a position in QXO, Inc. — 6 opened or added to the position.

Fund letters reporting a position in QXO, Inc., by quarter
QuarterLettersBoughtSoldTheses
Q2 20268503
Q1 20261101
Q4 20250001
Q3 20250001

Fund activity · 9 positions · 6 moves

  • New positionSpyglass Growth Strategy
    June 2026
    “QXO, Inc. (QXO), a distributor of roofing, waterproofing and complementary building products, was a new position during the second quarter.”
    Read the letterQXO, Inc.
  • HoldsMar Vista U.S. Quality Strategy
    June 2026
    “QXO (QXO) shares underperformed during the period as investors remained focused on near-term macroeconomic headwinds, including a sluggish U.S. housing market and persistently elevated interest rates, which continued to pressure residential construction activity and sentiment across the building products sector.”
    Read the letterQXO, Inc.
  • HoldsMar Vista U.S. Quality Premier Portfolio
    June 2026
    “QXO (QXO) shares underperformed during the period as investors remained focused on near-term macroeconomic headwinds, including a sluggish U.S. housing market and persistently elevated interest rates, which continued to pressure residential construction activity and sentiment across the building products sector.”
    Read the letterQXO, Inc.
  • HoldsAlger.com Focus Equity Fund
    June 2026
    “Shares detracted from performance during the quarter as softer conditions in the building products market weighed on near-term results.”
    Read the letterQXO, Inc.
  • New positionRoyal London AM Global Equity Diversified Fund (IRL)
    June 2026
    “We also initiated a position in QXO, taking advantage of share price weakness to gain exposure to what we believe could become a leading consolidator in the highly fragmented building products distribution market.”
    Read the letterQXO, Inc.
  • New positionRoyal London AM Global Equity Diversified Fund
    June 2026
    “We also initiated a position in QXO, taking advantage of share price weakness to gain exposure to what we believe could become a leading consolidator in the highly fragmented building products distribution market.”
    Read the letterQXO, Inc.
  • New positionRoyal London AM Royal London US Equity Trust
    June 2026
    “We also initiated a position in QXO, taking advantage of share price weakness to gain exposure to what we believe could become a leading consolidator in the highly fragmented building products distribution market.”
    Read the letterQXO, Inc.
  • New positionRoyal London AM US Equity Fund (IRL)
    June 2026
    “We also initiated a position in QXO, taking advantage of share price weakness to gain exposure to what we believe could become a leading consolidator in the highly fragmented building products distribution market.”
    Read the letterQXO, Inc.
  • New positionMar Vista U.S. Quality Premier Portfolio
    March 2026
    “During the quarter, we initiated new investments in Ecolab (ECL), GE Vernova (GEV) and QXO Inc (QXO).”
    Read the letterQXO, Inc.

Fund coverage · 6 theses

  • Alger.com Focus Equity Fund
    June 2026

    QXO is consolidating a fragmented building-products distribution market through acquisitions under a proven operator.

    Read the full thesis
  • Spyglass Growth Strategy
    June 2026

    QXO, Inc. distributes roofing and waterproofing products, and the manager sees durable demand, scale advantages, margin expansion, and attractive valuation.

    Read the full thesis
  • Mar Vista U.S. Quality Premier Portfolio
    June 2026

    QXO’s acquisition of TopBuild should strengthen scale, improve economics, and support margin expansion, free cash flow, and higher ROIC.

    Read the full thesis
  • Mar Vista U.S. Quality Premier Portfolio
    March 2026

    QXO aims to build a scaled building-products platform through consolidation, operational improvement, and data-driven efficiencies.

    Read the full thesis
  • Tsai Capital
    December 2025

    QXO is consolidating building products distribution under Brad Jacobs with operational improvements and high-ROC targets following the Beacon acquisition.

    Read the full thesis
  • Clearbridge Mid Cap Strategy
    September 2025

    QXO is a newly formed building materials distribution platform aiming to consolidate the industry and enhance efficiency through technology under the leadership of experienced executive Brad Jacobs.

    Read the full thesis

Read every full thesis on QXO, Inc.

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