Michael Burry disclosed investments in QXO’s common stock and 5.5% Series B mandatory convertible preferred shares, sending the building-materials distributor’s shares up 7.4% on Monday. Burry said CEO Brad Jacobs’ acquisition expertise and QXO’s strategy of consolidating a fragmented market were central to his thesis. The preferred shares provide a 7.4% cumulative current yield and are scheduled to convert automatically into common stock around May 15, 2028, although earlier conversion is possible. Retail interest surged after the disclosure, with Stocktwits sentiment reaching extremely bullish levels, discussion volume rising 467% month over month and followers increasing 4%. Burry also said he was exiting artificial intelligence investments and disclosed new holdings in Ero Copper, Sprouts Farmers Market and Zoetis, while adding to his Temple & Webster position.