Rackspace Hosting Inc
RAX
RAX was delisted on the 2nd of November, 2016.
284 hedge funds and large institutions have $2.7B invested in Rackspace Hosting Inc in 2015 Q3 according to their latest regulatory filings, with 31 funds opening new positions, 105 increasing their positions, 95 reducing their positions, and 52 closing their positions.
11% more repeat investments, than reductions
Existing positions increased: 105 | Existing positions reduced: 95
8% less funds holding
Funds holding: 308 → 284 (-24)
21% less call options, than puts
Call options by funds: $52M | Put options by funds: $65.4M
39% less capital invested
Capital invested by funds: $4.46B → $2.7B (-$1.76B)
40% less funds holding in top 10
Funds holding in top 10: 5 → 3 (-2)
40% less first-time investments, than exits
New positions opened: 31 | Existing positions closed: 52
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$194M |
| 2 |
BHG
Blue Harbour Group
Greenwich,
Connecticut
|
+$34.4M |
| 3 |
Millennium Management
New York
|
+$33.5M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$28M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$27.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP
Jana Partners
New York
|
-$296M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$93.9M |
| 3 |
RCMC
Rubric Capital Management (Connecticut)
Stamford,
Connecticut
|
-$88.3M |
| 4 |
CCM
Cornerstone Capital Management
Edina,
Minnesota
|
-$87.5M |
| 5 |
RFC
Russell Frank Company
Seattle,
Washington
|
-$29.2M |
RAX Hedge Fund Activity: Q3 2015 in Review
284 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Rackspace Hosting Inc (RAX) for Q3 2015, worth a combined $2.7B — down 39% from $4.46B a quarter earlier.
Sellers outnumbered buyers: 52 funds closed out of RAX and 31 opened new positions — a net loss of 21 holders — while 95 trimmed existing stakes and 105 added.
The largest buyer was Fidelity Investments, adding an estimated $194M. The largest seller was Jana Partners, cutting an estimated $296M.
- 284 institutional investors held Rackspace Hosting Inc (RAX) as of Q3 2015, down from 308 in Q2 2015.
- Funds reported $2.7B of Rackspace Hosting Inc stock for Q3 2015, down 39% quarter-over-quarter.
- 31 funds opened new Rackspace Hosting Inc positions in Q3 2015 and 52 closed out, a net change of -21 holders.
- The largest Rackspace Hosting Inc buyer in Q3 2015 was Fidelity Investments, an estimated $194M added.
- The largest Rackspace Hosting Inc seller in Q3 2015 was Jana Partners, an estimated $296M sold.
Based on aggregated 13F filings for Q3 2015.