Orbis Global Equity Strategy noted in its Q2 2026 investor letter that QXO (NYSE:QXO) is reshaping its operating model through AI, rather than simply attaching technology to existing workflows. This includes a comprehensive reconstruction from pricing, procurement, to inventory and branch data. The firm believes that QXO, as a leading US distributor of roofing, waterproofing, and building products, is poised to create greater value with this approach. Furthermore, data shows that the number of hedge fund portfolios holding QXO increased from 65 in the previous quarter to 83 at the end of Q2.