FedEx Stake Sold: $32 M Exit and $20 M Shift into UPS
In Q4 2025, Tom Gayner’s portfolio disposed of its entire 196,000-share FedEx position valued at $32 million, reducing exposure from 1.8% to zero. He reinvested $20 million into UPS by buying 150,000 shares and added 30,000 Amazon and 45,000 Yum! Brands shares.
1. Complete Exit of FedEx Stake
In Q4 2025, Tom Gayner fully liquidated his 196,000-share FedEx position worth approximately $32 million, removing the stock from his portfolio. This sale marked a reduction of FedEx exposure from 1.8% to zero, reflecting a strategic decision to reallocate capital.
2. Reallocation to Logistics and Consumer Names
Proceeds from the FedEx sale were redeployed into other logistics plays, including a $20 million purchase of 150,000 UPS shares. He also increased stakes in Amazon by 30,000 shares and added 45,000 shares of Yum! Brands, diversifying into consumer sectors.
3. Portfolio Impact and Outlook
These adjustments tilt the portfolio 5% higher toward logistics and 3% toward consumer goods, aiming to capitalize on e-commerce growth and higher-margin delivery services. The moves signal confidence in UPS and digital retail platforms over FedEx’s near-term outlook.