Cathie Wood and Steve Cohen Love These 5 Stocks

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1. Xerox Holdings Corporation (NASDAQ:XRX)

ARK Investment Management’s Stake Value: $306,000

Point72 Asset Management’s Stake Value: $20,370,000

Number of Hedge Fund Holders: 25

Xerox Holdings Corporation (NASDAQ:XRX) is a Connecticut-based workplace technology company that offers solutions including printing presses, light production devices, IT services, professional engineering, and commercial robotic process automation. Cathie Wood owns a $306,000 stake in Xerox Holdings Corporation (NASDAQ:XRX) as of Q1 2022, while Steve Cohen holds a $20.3 million position. 

On May 19, Xerox Holdings Corporation (NASDAQ:XRX) declared a quarterly dividend of $0.25 per share, in line with previous. The dividend is payable on August 1, to shareholders of record on June 30. The company delivers a dividend yield of 7.30% as of July 6. Xerox Holdings Corporation (NASDAQ:XRX) recently announced the acquisition of a UK-based print and digital marketing and communication services provider, Go Inspire, to boost its global Digital Services presence.

According to Insider Monkey’s Q1 data, 25 hedge funds were long Xerox Holdings Corporation (NASDAQ:XRX), up from 23 funds in the preceding quarter. Carl Icahn’s Icahn Capital LP is the largest shareholder of the company, with more than 32 million shares worth about $648 million. 

You can also take a look at The 10 Best Stocks to Buy in 2022 According to Billionaire Richard Chilton and Billionaire Ken Griffin is Selling These 10 Stocks in 2022

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