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.
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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.
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+2.26%

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

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