He just bought a small position. The CEO has a good track record, aggressively buying and absorbing companies (XPO is an example). QXO is in one of the last gigantically fragmented markets.
Run by a fine CEO. They project $10 billion revenue, and they are disciplined when they buy companies. A long-term compounder. Lower interest rates will drive their end market.
They announced an acquisition of $2 billion this week. The stock will keep going higher.