SCHEDULE: BlackRock Reports 8.3% Stake in Xerox Holdings
Beneficial Ownership Report (Schedule 13G)
BlackRock, Inc. has disclosed an 8.3% beneficial ownership stake in Xerox Holdings Corp, holding 10,421,815 common shares as of September 30, 2025.
Summary
- BlackRock, Inc. beneficially owns 10,421,815 shares of Xerox Holdings Corp common stock.
- This represents 8.3% of the class of securities.
- BlackRock holds sole voting power over 10,142,624 shares.
- BlackRock holds sole dispositive power over 10,421,815 shares.
- The shares were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of Xerox Holdings Corp.
- Various BlackRock business units and subsidiaries, including BlackRock Life Limited and BlackRock Advisors, LLC, contribute to this aggregate ownership.
Sentiment
Score: 5
Explanation: The filing is a routine disclosure of beneficial ownership by a large institutional investor and does not contain information that would significantly alter the investment sentiment for Xerox Holdings Corp. It indicates a passive, ordinary course of business holding.
Positives
- Continued significant institutional investment by BlackRock, a major asset manager, in Xerox Holdings Corp.
- The holding is for ordinary course of business, indicating a passive investment rather than an activist stance.
Negatives
- No explicitly negative information is contained within this Schedule 13G filing.
Risks
- The filing explicitly states that the securities were not acquired or held for the purpose of or with the effect of changing or influencing the control of the issuer, mitigating risks associated with activist investor intervention from BlackRock.
Future Outlook
This filing is a disclosure of current beneficial ownership and does not contain forward-looking statements or guidance regarding Xerox Holdings Corp's future performance or BlackRock's future investment intentions beyond the statement that the shares are held in the ordinary course of business.
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
BlackRock, as one of the world's largest asset managers, routinely files Schedule 13G reports to disclose its passive beneficial ownership stakes exceeding 5% in publicly traded companies. This filing reflects its ongoing portfolio management activities and its position as a significant institutional investor in Xerox Holdings Corp, consistent with its role across numerous public companies.
Comparison to Industry Standards
- NA
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Attorney-in-fact | N/A (previous Power of Attorney revoked) | Eric Andruczyk, Richard Cundiff, R. Andrew Dickson, III, Spencer Fleming, Laura Hildner, David Maryles, Christopher Meade, Charles Park, James Raby, Daniel Riemer, David Rothenberg, Brenda Schulz (acting severally) | 2025-01-21 | Update and revocation of a previous Power of Attorney dated April 30, 2023, for BlackRock, Inc. to authorize individuals to execute ownership or control-person reporting requirements. |
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Update | BlackRock, Inc. updated its Power of Attorney, appointing several individuals to execute documents related to ownership or control-person reporting requirements for U.S. and non-U.S. governmental or regulatory authorities. This revokes a prior Power of Attorney dated April 30, 2023. | 2025-01-21 | This is an internal corporate governance update for BlackRock, Inc. to streamline its regulatory filing processes, not a change in Xerox Holdings Corp's governance. It ensures authorized personnel can sign SEC filings like Schedule 13G. |
Legal Proceedings
- No legal proceedings or regulatory matters concerning Xerox Holdings Corp or BlackRock's investment are mentioned in this filing.
Related Party Transactions
- No related party transactions are disclosed in this Schedule 13G filing.
Stakeholder Impact
- Shareholders: Increased transparency regarding a major institutional holder's stake. BlackRock's passive holding suggests stability rather than activist pressure.
- Management: Awareness of a significant, passive institutional investor.
Next Steps
- No specific future actions or milestones for Xerox Holdings Corp are mentioned in this beneficial ownership report.
Key Dates
| Date | Description |
|---|---|
| 2025-01-21 | Execution date of the updated Power of Attorney for BlackRock, Inc. |
| 2025-09-30 | Date of event which requires the filing of this statement, reflecting BlackRock's beneficial ownership in Xerox Holdings Corp. |
| 2025-10-17 | Filing date of the Schedule 13G Amendment No. 6 by BlackRock, Inc. |
Recommendation
holdThis Schedule 13G filing is a routine disclosure by a large institutional investor, BlackRock, Inc., indicating a passive stake in Xerox Holdings Corp. It does not contain new financial performance data, strategic shifts, or material events that would warrant a change in investment recommendation. The filing confirms BlackRock's continued significant, but non-controlling, interest, which is generally a neutral signal for the stock. Therefore, a 'hold' recommendation is appropriate as the filing itself does not provide a basis for a 'buy' or 'sell' decision.
Keywords
BlackRock, Xerox Holdings Corp, Xerox, Common Stock, Institutional Ownership, Beneficial Ownership, Schedule 13G, Investment, Equity Stake
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