Anyone see this?
https://www.stocktitan.net/sec-filings/XRX/schedule-13g-a-xerox-holdings-corp-amended-passive-investment-disclos-e4b7eca95ede.html
Assuming this is just more bad news piled on….?
5 replies (most recent on top)
@dz Vanguard Funds like the ones that they use in targeted date funds and others that their financial planners and mutual dubs manages buy in retirterment accounts: )
@b3 No, this was mostly Vanguard fund holdings that went to 0.
https://finance.yahoo.com/quote/XRX/holders/
Vanguard was the largest bag holder of XRX, I guess they wised up.
The could also mean that all funds ie retirement accounts have withdrawn from holding Xerox stock. Which could easily be the case with the stock price decline and investment guidelines on holdings.
Xerox shouldn't be held by any institutional retirement accounts at these prices and predicted future prices. If the debt is brought under control, reinvention works and EC finds pot of gold at the end of a rainbow and brings that gold into the company then maybe institutional money should re-enter the stock.
@ac seems it is saying that vanguard now has zero dollars invested in Xrx - I think??
I wish I could understand what that website is saying but..well..I'm stupid so I can't.