QXO (QXO) is Rebuilding Business Models for Greater Value

Orbis Investment Management published its Q2 2026 investor letter for the Orbis Global Equity Strategy. In the first half of 2026, the Global Equity Strategy yielded a 19.9% return, outperforming the MSCI All Country World Index by 7.8%. The strategy concentrates on AI investments across four categories: Core, Enablers, AI Powered, and Overlooked.

Orbis Global Equity Strategy stresses maintaining robust yet adaptable convictions in a volatile market and relies on evidence-based investment rather than emotional choices. The company's latest report highlighted QXO, Inc. (NYSE:QXO), a top US-based distributor of roofing, waterproofing, and complementary building products. As of August 24, 2026, QXO, Inc. closed at $13.41 per share, with a market capitalization of $13.91 billion.

Over a 52-week period, QXO, Inc.'s shares experienced a decline of 35.93% and a one-month return of -5.89%. Orbis Global Equity Strategy believes that QXO, Inc. is effectively transforming its traditional business model and operating framework, incorporating AI throughout various aspects of its operations, such as pricing, procurement, inventory, and branch data management.