Who owns XPO (XPO)
Which tracked institutional funds hold XPO, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See XPO company fundamentals →
Ownership as of the 2026-Q1 13F filings. 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
The tracked-fund tape on XPO is one-sided between 2025-Q4 and 2026-Q1: 321 added or opened and 67 trimmed or exited — on balance accumulating.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
XPO’s largest tracked holder by dollar value, MFN Partners Management, LP, sizes it at 46.6% of its own reported 13F book, while the median holder sizes it at 0.1% of theirs — a 46.5pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in XPO divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2025-Q4 and 2026-Q1, across 669 tracked filers holding XPO, 353 increased or opened the position and 263 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in XPO between the 2025-Q4 and 2026-Q1 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 59
- VANGUARD CAPITAL MANAGEMENT LLC$984M
- VANGUARD PORTFOLIO MANAGEMENT LLC$923M
- Capital International Investors$180M
- VANGUARD FIDUCIARY TRUST CO$141M
- Maple Rock Capital Partners Inc.$62M
- LORD, ABBETT & CO. LLC$60M
Full exits 28
- VANGUARD GROUP INC$1.4B
- COOKE & BIELER LP$127M
- Forest Avenue Capital Management LP$63M
- MILFORD FUNDS LTD$24M
- Caisse de depot et placement du Quebec$23M
- TUDOR INVESTMENT CORP ET AL$16M
Largest adds
- MFN Partners Management, LP$670M
- BlackRock, Inc.$599M
- Capital Research Global Investors$349M
- BESSEMER GROUP INC$319M
- FMR LLC$296M
- T. Rowe Price Investment Management, Inc.$279M
Largest trims
- Capital World Investors$299M
- Cercano Management LLC$117M
- UBS Group AG$60M
- NORGES BANK$49M
- D1 Capital Partners L.P.$26M
- Greenstone Partners & Co., LLC$21M
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| MFN Partners Management, LP | 11,425,369 | $2.2B | 9.6% | 2026-Q1 |
| BlackRock, Inc. trimmed | 11,212,613 | $2.2B | 9.5% | 2026-Q1 |
| Capital Research Global Investors trimmed | 9,588,191 | $1.9B | 8.1% | 2026-Q1 |
| Capital World Investors trimmed | 5,778,228 | $1.1B | 4.9% | 2026-Q1 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 5,060,285 | $984M | 4.3% | 2026-Q1 |
| Invesco Ltd. trimmed | 4,774,746 | $929M | 4.0% | 2026-Q1 |
| VANGUARD PORTFOLIO MANAGEMENT LLC new | 4,746,471 | $923M | 4.0% | 2026-Q1 |
| STATE STREET CORP added | 3,582,960 | $697M | 3.0% | 2026-Q1 |
| FMR LLC added | 3,552,715 | $691M | 3.0% | 2026-Q1 |
| Orbis Allan Gray Ltd trimmed | 3,409,092 | $663M | 2.9% | 2026-Q1 |
| Durable Capital Partners LP trimmed | 2,935,934 | $571M | 2.5% | 2026-Q1 |
| T. Rowe Price Investment Management, Inc. added | 2,787,012 | $542M | 2.4% | 2026-Q1 |
| Clearbridge Investments, LLC trimmed | 2,772,656 | $539M | 2.3% | 2026-Q1 |
| BESSEMER GROUP INC added | 2,420,899 | $471M | 2.0% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC added | 2,182,817 | $425M | 1.8% | 2026-Q1 |
| D1 Capital Partners L.P. trimmed | 1,287,630 | $251M | 1.1% | 2026-Q1 |
| Holocene Advisors, LP added | 1,249,431 | $243M | 1.1% | 2026-Q1 |
| Findlay Park Partners LLP trimmed | 1,189,000 | $231M | 1.0% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 1,186,334 | $231M | 1.0% | 2026-Q1 |
| Hood River Capital Management LLC added | 1,159,830 | $226M | 1.0% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 1,157,714 | $225M | 1.0% | 2026-Q1 |
| DIMENSIONAL FUND ADVISORS LP trimmed | 1,111,192 | $216M | 0.9% | 2026-Q1 |
| MORGAN STANLEY trimmed | 1,026,370 | $200M | 0.9% | 2026-Q1 |
| NORTHERN TRUST CORP added | 978,028 | $190M | 0.8% | 2026-Q1 |
| Capital International Investors new | 925,663 | $180M | 0.8% | 2026-Q1 |
| FIL Ltd trimmed | 914,362 | $178M | 0.8% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 911,070 | $177M | 0.8% | 2026-Q1 |
| NORGES BANK trimmed | 1,446,939 | $156M | 0.7% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC added | 761,966 | $148M | 0.6% | 2026-Q1 |
| Cercano Management LLC trimmed | 756,536 | $147M | 0.6% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 726,195 | $141M | 0.6% | 2026-Q1 |
| Bank of New York Mellon Corp added | 716,747 | $139M | 0.6% | 2026-Q1 |
| GROUPAMA ASSET MANAGMENT added | 653,083 | $127M | 0.6% | 2026-Q1 |
| FRONTIER CAPITAL MANAGEMENT CO LLC trimmed | 652,073 | $127M | 0.6% | 2026-Q1 |
| WESTFIELD CAPITAL MANAGEMENT CO LP trimmed | 571,992 | $111M | 0.5% | 2026-Q1 |
| PRIMECAP MANAGEMENT CO/CA/ trimmed | 568,334 | $111M | 0.5% | 2026-Q1 |
| UBS Group AG trimmed | 513,201 | $100M | 0.4% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC trimmed | 519,384 | $99M | 0.4% | 2026-Q1 |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ added | 477,648 | $96M | 0.4% | 2026-Q1 |
| Qube Research & Technologies Ltd added | 457,477 | $89M | 0.4% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 447,301 | $87M | 0.4% | 2026-Q1 |
| BALYASNY ASSET MANAGEMENT L.P. added | 441,014 | $86M | 0.4% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN trimmed | 403,637 | $79M | 0.3% | 2026-Q1 |
| Allspring Global Investments Holdings, LLC added | 391,800 | $78M | 0.3% | 2026-Q1 |
| JANE STREET GROUP, LLC added | 389,533 | $76M | 0.3% | 2026-Q1 |
| AMERICAN CENTURY COMPANIES INC added | 368,133 | $72M | 0.3% | 2026-Q1 |
| WELLINGTON MANAGEMENT GROUP LLP trimmed | 345,868 | $67M | 0.3% | 2026-Q1 |
| One Madison Group LLC trimmed | 336,700 | $66M | 0.3% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 335,117 | $62M | 0.3% | 2026-Q1 |
| Maple Rock Capital Partners Inc. new | 320,242 | $62M | 0.3% | 2026-Q1 |
| LORD, ABBETT & CO. LLC added | 310,155 | $60M | 0.3% | 2026-Q1 |
| RHUMBLINE ADVISERS added | 300,972 | $59M | 0.3% | 2026-Q1 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC added | 297,805 | $58M | 0.3% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC trimmed | 296,961 | $58M | 0.3% | 2026-Q1 |
| BNP PARIBAS FINANCIAL MARKETS trimmed | 288,249 | $56M | 0.2% | 2026-Q1 |
| FISHMAN JAY A LTD/MI trimmed | 284,261 | $55M | 0.2% | 2026-Q1 |
| Squarepoint Ops LLC added | 281,678 | $55M | 0.2% | 2026-Q1 |
| Polar Capital Holdings Plc added | 264,812 | $52M | 0.2% | 2026-Q1 |
| ALLIANCEBERNSTEIN L.P. added | 375,127 | $51M | 0.2% | 2026-Q1 |
| PRINCIPAL FINANCIAL GROUP INC trimmed | 261,784 | $51M | 0.2% | 2026-Q1 |
| Douglas Lane & Associates, LLC trimmed | 244,499 | $48M | 0.2% | 2026-Q1 |
| Swiss National Bank added | 234,300 | $46M | 0.2% | 2026-Q1 |
| FEDERATED HERMES, INC. trimmed | 233,300 | $45M | 0.2% | 2026-Q1 |
| Nuveen, LLC trimmed | 230,739 | $45M | 0.2% | 2026-Q1 |
| RICE HALL JAMES & ASSOCIATES, LLC added | 224,299 | $44M | 0.2% | 2026-Q1 |
| Retirement Systems of Alabama added | 216,377 | $42M | 0.2% | 2026-Q1 |
| ROYAL BANK OF CANADA trimmed | 212,792 | $41M | 0.2% | 2026-Q1 |
| Schonfeld Strategic Advisors LLC added | 204,897 | $40M | 0.2% | 2026-Q1 |
| California Public Employees Retirement System added | 197,850 | $38M | 0.2% | 2026-Q1 |
| TWO SIGMA INVESTMENTS, LP trimmed | 188,622 | $37M | 0.2% | 2026-Q1 |
| Border to Coast Pensions Partnership Ltd new | 184,721 | $36M | 0.2% | 2026-Q1 |
| CITIGROUP INC added | 182,075 | $35M | 0.2% | 2026-Q1 |
| SEI INVESTMENTS CO trimmed | 179,199 | $35M | 0.2% | 2026-Q1 |
| RENAISSANCE TECHNOLOGIES LLC added | 178,720 | $35M | 0.2% | 2026-Q1 |
| PRICE T ROWE ASSOCIATES INC /MD/ added | 177,086 | $34M | 0.1% | 2026-Q1 |
| TD Asset Management Inc trimmed | 176,000 | $34M | 0.1% | 2026-Q1 |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. trimmed | 173,964 | $34M | 0.1% | 2026-Q1 |
| Baird Financial Group, Inc. trimmed | 169,033 | $33M | 0.1% | 2026-Q1 |
| Legal & General Group Plc trimmed | 166,548 | $32M | 0.1% | 2026-Q1 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM added | 136,161 | $26M | 0.1% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 135,132 | $26M | 0.1% | 2026-Q1 |
| PICTON MAHONEY ASSET MANAGEMENT trimmed | 132,878 | $26M | 0.1% | 2026-Q1 |
| Arnhold LLC | 131,100 | $26M | 0.1% | 2026-Q1 |
| Interval Partners, LP trimmed | 128,857 | $25M | 0.1% | 2026-Q1 |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC added | 127,957 | $25M | 0.1% | 2026-Q1 |
| WESTWOOD HOLDINGS GROUP INC trimmed | 124,399 | $24M | 0.1% | 2026-Q1 |
| NATIONAL BANK OF CANADA /FI/ trimmed | 119,431 | $23M | 0.1% | 2026-Q1 |
| Jain Global LLC trimmed | 111,290 | $22M | 0.1% | 2026-Q1 |
| LPL Financial LLC added | 111,096 | $22M | 0.1% | 2026-Q1 |
| VANGUARD ASSET MANAGEMENT, Ltd new | 105,884 | $21M | 0.1% | 2026-Q1 |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM trimmed | 102,222 | $20M | 0.1% | 2026-Q1 |
| VANGUARD GROUP INC trimmed | 10,348,992 | $1.4B | 6.1% | 2025-Q4 stale |
| COOKE & BIELER LP trimmed | 933,703 | $127M | 0.6% | 2025-Q4 stale |
| Forest Avenue Capital Management LP trimmed | 467,057 | $63M | 0.3% | 2025-Q4 stale |
| Freestone Grove Partners LP trimmed | 364,965 | $46M | 0.2% | 2025-Q2 stale |
| Cannell & Spears LLC trimmed | 394,503 | $42M | 0.2% | 2025-Q1 stale |
| MILFORD FUNDS LTD new | 180,029 | $24M | 0.1% | 2025-Q4 stale |
| Caisse de depot et placement du Quebec added | 165,895 | $23M | 0.1% | 2025-Q4 stale |
| MACQUARIE GROUP LTD added | 174,545 | $22M | 0.1% | 2025-Q3 stale |
| Duquesne Family Office LLC added | 163,100 | $21M | 0.1% | 2025-Q2 stale |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.