E. Ohman J:or Asset Management 13F: New $14M Stake in QXO

E. Ohman J:or Asset Management opened a new position in QXO, Inc. (NYSE:QXO), acquiring 1,201,869 shares valued at roughly $14.05 million. The fund disclosed the investment in a Form 13F filing with the Securities and Exchange Commission on October 22, 2026.

QXO QXO, Inc.

$10.31 ▼ -47.72% year to date

1M 3M YTD

Daily close · Oct 21, 2026

What Changed in E. Ohman J:or Asset Management's QXO, Inc. Position

The fund initiated a brand-new stake in the building products distributor during the period, picking up 1,201,869 shares. Based on market values around the filing date, the holding was worth $14.05 million.

Other Institutional Activity in QXO, Inc.

Other large funds have also adjusted their positions in the company recently. Orbis Allan Gray Ltd held 73,951,325 shares valued at about $809.83 million with no change to its count. Baillie Gifford & Co grew its holdings by 34,243,509 shares, ending with 47,867,886 shares worth about $524.19 million. Affinity Partners Gp LP held 32,698,176 shares worth about $358.07 million after keeping its stake steady. Fred Alger Management, LLC grew its holdings by 4,958,039 shares, ending with 27,362,195 shares worth about $299.64 million.

QXO, Inc. Stock Up 4.0%

QXO, Inc. shares recently traded around $10.88 on October 22, 2026, down slightly from an event close of $10.95. The stock has experienced a sharp pullback over the past year, trading far below its 52-week high of $27.61 and hovering just 8.4% above its 52-week low of $10.04.

Recent Earnings

For the trailing twelve months, QXO, Inc. reported $9.90 billion in revenue with a negative earnings per share of $0.89. The company posted a net profit margin of negative 5.2% and a return on equity of negative 4.6%, alongside strong year-over-year revenue growth of 70.3%. Its next earnings release is scheduled for November 5, 2026.

Insider Buying and Selling at QXO, Inc.

MFN Partners LP, a beneficial owner holding more than 10% of a class of security, sold 7,000,000 shares on November 6, 2024, at an average price of $15.05 for a total value of $105,350,000.

Analysts Set New Price Targets

Wall Street coverage has seen several target adjustments recently. DA Davidson initiated coverage with a buy rating and a $26.00 price target on August 25, 2026. RBC Capital maintained an outperform rating on October 7, 2026, lowering its target from $27.00 to $18.00. Truist Securities maintained a buy rating on October 8, 2026, lowering its target from $26.00 to $15.00. Wells Fargo maintained an overweight rating on October 13, 2026, lowering its target from $18.00 to $16.00, and followed up on October 16, 2026, by lowering it further to $15.00. Overall, analysts maintain a consensus strong buy rating on the stock with a mean price target of $25.11 across 19 analyst opinions.

About QXO, Inc.

QXO, Inc. operates in the industrial distribution sector, supplying roofing, waterproofing, and other building materials across the United States and Canada. The company serves residential construction markets with products ranging from asphalt shingles and metal roofing to siding, trim, and gutters. Institutional interest from firms like E. Ohman J:or Asset Management comes as the company works to scale its distribution footprint.

Bottom Line

Investors will look toward the company's upcoming earnings release on November 5, 2026, for further updates on its financial performance and strategic direction. Monitoring future institutional filings will also show whether other asset managers follow suit in building positions near the stock's multi-month lows.