Numerai GP LLC Sells 11,551 Shares of FedEx Corporation

Hedge fund reduces stake in shipping giant FedEx

Mar. 17, 2026 at 1:06pm

Got story updates? Submit your updates here. ›

Numerai GP LLC, a hedge fund, has reduced its position in FedEx Corporation (NYSE:FDX) by selling 11,551 shares during the third quarter. The fund now owns 14,461 shares of the shipping service provider's stock, valued at $3.41 million at the end of the reporting period.

Why it matters

This transaction provides insight into the investment strategy of Numerai GP LLC and its view on the future prospects of FedEx. As a major logistics and courier company, FedEx's performance is closely watched by investors and analysts as an indicator of broader economic trends.

The details

According to a disclosure with the Securities & Exchange Commission, Numerai GP LLC lessened its position in FedEx Corporation by 44.4% in the third quarter. The hedge fund sold 11,551 shares of FedEx, leaving it with 14,461 shares valued at $3.41 million at the end of the reporting period.

  • Numerai GP LLC's position change occurred in the third quarter of the year.

The players

Numerai GP LLC

A hedge fund that has reduced its stake in FedEx Corporation.

FedEx Corporation

A global logistics and courier company headquartered in Memphis, Tennessee.

Got photos? Submit your photos here. ›

The takeaway

This transaction suggests that Numerai GP LLC has a more cautious outlook on FedEx's near-term prospects, though the company remains a significant holding in the hedge fund's portfolio. Investors will be closely watching FedEx's performance and any further changes in major institutional ownership.