Top Superinvestors Are Buying FedEx Corp (FDX)

According to the latest 13F filings, several well-known value and quantitative investors increased their exposure to FedEx Corp (FDX) this quarter, reflecting renewed confidence in the company’s ongoing margin improvement efforts, network rationalization, and cash-flow recovery as global logistics stabilizes. Below are the most meaningful buy-side additions from the period:

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AQR Capital Management LLC (Cliff Asness)

Shares: 2,733,905  Change: +1,718,278  Value: ~$0.64B
Cliff Asness made the largest increase among superinvestors this quarter, aggressively scaling AQR’s position. The move suggests FedEx screens attractively on quantitative factors such as valuation, operational leverage, and improving return on capital as management tightens cost discipline across Ground and Express.

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Gotham Asset Management, LLC (Joel Greenblatt)

Shares: 81,382  Change: +45,557  Value: ~$0.02B
Joel Greenblatt added significantly this quarter, consistent with Gotham’s value-driven framework emphasizing earnings yield and capital efficiency. The expansion reflects a view that FedEx’s improving margin profile continues to be underappreciated relative to normalized mid-cycle profitability.

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Grantham, Mayo, Van Otterloo & Co. LLC (Jeremy Grantham)

Shares: 72,946  Change: +19,520  Value: ~$0.02B
Jeremy Grantham modestly increased GMO’s position, reinforcing an investment thesis centered on FedEx as a cyclical but strategically critical global transportation asset with embedded scale advantages and pricing power in premium time-definite logistics.

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Maverick Capital Ltd (Lee Ainslie)

Shares: 14,898  Change: +5,570  Value: ~$0.00B
Lee Ainslie expanded Maverick’s stake, likely reflecting improving sentiment around FedEx’s restructuring plans and potential operating margin uplift as capacity rationalization and automation initiatives take hold.

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Fisher Asset Management, LLC (Ken Fisher)

Shares: 1,863  Change: +502  Value: ~$0.00B
Ken Fisher increased his position incrementally, signaling continued interest in FedEx as a global transport bellwether with long-term exposure to cross-border commerce and e-commerce logistics volumes.

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GAMCO Investors, Inc. ET AL (Mario Gabelli)

Shares: 2,063  Change: +13  Value: ~$0.00B
Mario Gabelli added slightly this quarter, consistent with a traditional value lens emphasizing durable industrial franchises with asset replacement barriers and multi-cycle cash flow durability.

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New Position

Bridgewater Associates, LP (Ray Dalio)

Shares: 43,132  Change: NEW POSITION  Value: ~$0.01B
Ray Dalio initiated a new stake, signaling macro-driven interest in FedEx as a global trade and supply-chain participant that benefits from improving freight cycles and recovering economic activity.

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Overall Takeaway

This quarter’s activity reflects growing institutional conviction that FedEx is entering a more favorable operating phase, characterized by:

• cost restructuring and efficiency gains

• recovering global freight and parcel volumes

• stronger capital returns and balance sheet positioning

• cyclical upside tied to trade and e-commerce demand

The combination of value-focused and quantitative buyers suggests the market may still be undervaluing FedEx’s earnings normalization potential and operational leverage as multi-year transformation initiatives bear fruit.