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Activist investor Carl Icahn has boosted holdings of Xerox Holdings Corp. to 17%, according to a filing late Friday.
Icahn bought more than 4 million shares of Xerox, bringing total holdings to nearly 27.5 million shares.
Icahn backed Xerox’s takeover plan for HP Inc. HPQ, +0.40%, which HP rebuffed and the copier and printer maker eventually abandoned around the start of the pandemic. He also held stakes in HP but wound up his positions in mid-2020.
The investor also sold off his entire stake in hotel and casino operator Caesars Entertainment Corp. CZR, +2.26% and decreased holdings of Herbalife Nutrition Ltd. HLF, -1.85%, among other moves.
