Carl Icahn increases his stake in Xerox

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Activist investor Carl Icahn has increased Xerox Holdings Corp.’s stakes to 17%, according to a filing filed Friday night. Icahn purchased more than 4 million Xerox shares, bringing the total stake to almost 27.5 million shares. Icahn endorsed Xerox’s acquisition plan for HP Inc. HPQ, + 0.40%, which HP rejected and the copier and printer maker eventually abandoned around the start of the pandemic. He also had stakes in HP, but ended his positions in mid-2020.

The investor also sold its entire stake in the hotel and casino operator Caesars Entertainment Corp. CZR, + 2.26% and decreased the holdings of Herbalife Nutrition Ltd. HLF, -1.85%, among other movements.