Activist investor Carl Icahn has boosted holdings of Xerox Holdings Corp. to 17%, according to a filing late Friday.

Icahn bought more than 4 million shares of Xerox, bringing total holdings to nearly 27.5 million shares.

Icahn backed Xerox’s takeover plan for HP Inc.
which HP rebuffed and the copier and printer maker eventually abandoned around the start of the pandemic. He also held stakes in HP but wound up his positions in mid-2020.

The investor also sold off his entire stake in hotel and casino operator Caesars Entertainment Corp.

and decreased holdings of Herbalife Nutrition Ltd.
among other moves.

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