James Hambro & Partners 13F: New $6.4M Stake in QXO

James Hambro & Partners purchased a new position in QXO, Inc. QXO, acquiring 547,042 shares valued at about $6.4 million. The investment was disclosed in a Form 13F filing submitted to the Securities and Exchange Commission on October 19, 2026.

QXO QXO, Inc.

$10.14 ▼ -48.58% year to date

1M 3M YTD

Daily close · Oct 19, 2026

What Changed in James Hambro & Partners's QXO Position

The firm initiated a brand-new stake in the industrial distributor during the period. The reported value of the 547,042 shares stood at $6.39 million.

Other Institutional Activity in QXO

Other large funds have also adjusted their holdings in the company. Tritonpoint Wealth reduced its holdings by 67,195 shares, ending with 414,373 shares worth about $4.8 million. Orbis Allan Gray Ltd held steady with 73,951,325 shares valued at about $780.6 million. Baillie Gifford & Co grew its holdings by 34,243,509 shares, ending with 47,867,886 shares worth about $505.2 million for a 251.3% increase. Affinity Partners Gp LP added 13,074 shares, finishing with 32,698,176 shares valued at about $345.1 million. Fred Alger Management, LLC grew its stake by 4,958,039 shares to end with 27,362,195 shares worth about $288.8 million, marking a 22.1% increase.

QXO, Inc. Stock Down 6.7%

The stock recently traded around $10.13 as of October 20, 2026, about equal to its closing price of $10.14 on the filing date.

Recent Earnings

QXO, Inc. reported trailing-twelve-month revenue of $9.9 billion with a net profit margin of negative 5.2% and a return on equity of negative 4.6%. Its diluted earnings per share over the same period sat at negative $0.89. The company has a forward P/E ratio of 18.4 and revenue grew 70.3% year-over-year. Investors look toward the upcoming earnings release on November 5, 2026, for further financial updates.

Insider Buying and Selling at QXO, Inc.

MFN Partners LP, a beneficial owner of more than 10% of the company, sold 7,000,000 shares on November 6, 2024, at an average price of $15.05 for a total value of $105.4 million.

Analysts Set New Price Targets

DA Davidson initiated coverage with a buy rating and a $26.00 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, adjusting its target from $26.00 to $15.00. Wells Fargo maintained an overweight rating on October 13, 2026, moving its target from $18.00 to $16.00, and followed on October 16, 2026, by adjusting the target to $15.00.

About QXO, Inc.

QXO, Inc. distributes roofing, waterproofing, and other building materials to contractors and builders across the United States and Canada. Its product lines range from asphalt shingles and slate to vinyl and fiber cement siding. Institutional interest remains active as the distributor scales its operations.

Bottom Line

Investors watch how QXO performs ahead of its scheduled earnings report on November 5, 2026. Future filings will show whether James Hambro & Partners adjusts its newfound position further.