SCHEDULE: BlackRock Amends Xerox Holdings Stake Disclosure, Reports 14.6% Beneficial Ownership

BlackRock, Inc. has filed an amendment to its Schedule 13G, disclosing a 14.6% beneficial ownership stake in Xerox Holdings Corp as of June 30, 2025.

Summary

• BlackRock, Inc. reported beneficial ownership of 18,374,827 shares of Xerox Holdings Corp common stock.
• This represents 14.6% of the class of securities.
• BlackRock holds sole voting power over 18,087,495 shares and sole dispositive power over 18,374,827 shares.
• The filing indicates that the securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of Xerox Holdings Corp.
• iShares Core S&P Small-Cap ETF, a BlackRock entity, holds more than 5% of the total outstanding common stock of Xerox Holdings Corp.

Sentiment

Score: 5

Explanation: The filing is a routine disclosure of passive beneficial ownership by a large institutional investor. It does not contain information that would inherently suggest positive or negative sentiment regarding the issuer's performance or prospects, but rather confirms a significant, non-activist stake.

Positives

• BlackRock, a major institutional investor, holds a significant stake (14.6%) in Xerox Holdings Corp, indicating its continued investment interest.
• The filing confirms that BlackRock's holdings are for investment purposes in the ordinary course of business, not for control-related activism.

Negatives

• The Schedule 13G filing itself does not contain negative information about the issuer's performance or outlook; it is a disclosure of passive ownership.

Risks

• The filing does not detail specific risks related to Xerox Holdings Corp's operations or financial health; it is a beneficial ownership disclosure.

Future Outlook

NA

Management Comments

• 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.

Industry Context

This Schedule 13G/A filing indicates that BlackRock, one of the world's largest asset managers, maintains a significant passive investment in Xerox Holdings Corp. Such filings are standard disclosures for institutional investors holding more than 5% of a company's stock, reflecting their portfolio management activities rather than active strategic involvement in the issuer's operations.

Stakeholder Impact

• Shareholders: The disclosure of a significant stake by a major institutional investor like BlackRock can provide a degree of confidence or stability, indicating continued institutional interest in Xerox Holdings Corp.
• Management: BlackRock's certification that its holdings are not for the purpose of changing or influencing control suggests a passive investment approach, which typically means less direct pressure on management from this specific large shareholder.

Key Dates

Keywords

BlackRock, Xerox Holdings Corp, Schedule 13G, beneficial ownership, institutional investor, common stock, passive investment, SEC filing, corporate governance, asset management