AustralianSuper reports 2.68% stake in QXO, Inc. (18.0M shares)

QXO, Inc. is reported as having 18,012,103 ordinary shares beneficially owned by AustralianSuper Pty Ltd, equal to 2.68% of the class.

Rhea-AI Filing Summary

QXO, Inc. is reported as having 18,012,103 ordinary shares beneficially owned by AustralianSuper Pty Ltd, equal to 2.68% of the class. The filing states AustralianSuper has sole voting and sole dispositive power over those shares. The reporting person is identified as a financial institution/employee benefit plan or investment company and certifies the securities were acquired and are held in the ordinary course of business and not to influence control of the issuer. This filing therefore documents a passive, institutional stake of modest size rather than a change in control.

Insights

Financial Analyst

TL;DR: A modest institutional stake: 18.01M shares (2.68%), reported as held in the ordinary course, so limited near-term market impact.

The report shows AustralianSuper Pty Ltd beneficially owns 18,012,103 shares, representing 2.68% of QXO, Inc.'s ordinary shares, with sole voting and dispositive authority. The filing includes an explicit certification that the position was not acquired to influence control, consistent with a passive Schedule 13G filing. For investors, this is a disclosure of an institutional investor taking a non-controlling position; it does not, on its face, indicate strategic influence, board intent, or material revaluation of the company.

Corporate Governance Expert

TL;DR: Sole voting power reported but stake is under 5%, and the filer certifies no intent to change control—governance impact is minimal.

The filing records that AustralianSuper holds sole voting and dispositive power over the reported shares but represents only 2.68% of the class. The certification in the filing states the position was not acquired to influence control, which implies a passive holding from a governance perspective. There is no indication in the document of coordination with other holders, nomination activity, or plans to seek board representation.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many QXO, Inc. shares does AustralianSuper report owning?

The filing reports AustralianSuper beneficially owns 18,012,103 shares of QXO, Inc.

What percentage of QXO, Inc.'s class does this holding represent?

The reported ownership represents 2.68% of QXO, Inc.'s ordinary shares.

Does AustralianSuper have voting control over the shares reported?

Yes. The filing states AustralianSuper has sole voting power and sole dispositive power over the 18,012,103 shares.

Was the position acquired to influence control of QXO, Inc.?

No. The filing includes a certification that the securities were acquired and are held in the ordinary course of business and not to influence control of the issuer.

What type of filer is AustralianSuper identified as?

The filing identifies the reporting person as a financial institution and references an employee benefit plan and/or investment company.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 08/11/2025 - 03:40 PM EDT Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

QXO, Inc.

(Name of Issuer)

Ordinary Shares

(Title of Class of Securities)

82846H405

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 82846H405

1

Names of Reporting Persons

AustralianSuper Pty Ltd

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

AUSTRALIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 18,012,103.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 18,012,103.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

18,012,103.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

2.7 %

12

Type of Reporting Person (See Instructions)

FI

SCHEDULE 13G

Item 1.
(a)	Name of issuer: QXO, Inc.
(b)	Address of issuer's principal executive offices: FIVE AMERICAN LANE, GREENWICH, CONNECTICUT, 06831
Item 2.
(a)	Name of person filing: AustralianSuper Pty Ltd
(b)	Address or principal business office or, if none, residence: Level 30, 130 Lonsdale Street Melbourne Victoria 3000 Australia
(c)	Citizenship: Australia
(d)	Title of class of securities: Ordinary Shares
(e)	CUSIP No.: 82846H405
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
	Employee benefit plan and/or investment company.
Item 4.	Ownership
(a)	Amount beneficially owned: 18,012,103
(b)	Percent of class: 2.68%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 18,012,103
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 18,012,103
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

AustralianSuper Pty Ltd

Signature:	AMAR RASHID
Name/Title:	SENIOR MANAGER, PORTFOLIO COMPLIANCE
Date:	08/11/2025