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Rackspace Technology
RXT

121 hedge funds and large institutions have $3.32B invested in Rackspace Technology in 2020 Q4 according to their latest regulatory filings, with 35 funds opening new positions, 41 increasing their positions, 24 reducing their positions, and 23 closing their positions.

New
Increased
Maintained
Reduced
Closed

142% more call options, than puts

Call options by funds: $26.1M | Put options by funds: $10.8M

71% more repeat investments, than reductions

Existing positions increased: 41 | Existing positions reduced: 24

52% more first-time investments, than exits

New positions opened: 35 | Existing positions closed: 23

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

10% more funds holding

Funds holding: 110 → 121 (+11)

8% more capital invested

Capital invested by funds: $3.07B → $3.32B (+$248M)

6.9% more ownership

Funds ownership: 80% → 86.89% (+6.9%)

Holders
121
Holders Change
+11
Holders Change %
+10%
% of All Funds
2.14%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.05%
New
35
Increased
41
Reduced
24
Closed
23
Calls
$26.1M
Puts
$10.8M
Net Calls
+$15.3M
Net Calls Change
+$589K

Top Buyers

Rank Fund Capital Flow
1
SCP
Searchlight Capital Partners
New York
+$217M
2
Truist Financial
Truist Financial
North Carolina
+$26.7M
3
Fidelity Investments
Fidelity Investments
Massachusetts
+$19.7M
4
Boston Partners
Boston Partners
Massachusetts
+$15.8M
5
Neuberger Berman Group
Neuberger Berman Group
New York
+$14.8M

Top Sellers

Rank Fund Capital Flow
1
Canada Pension Plan Investment Board
Canada Pension Plan Investment Board
Ontario, Canada
-$15.3M
2
Alyeska Investment Group
Alyeska Investment Group
Illinois
-$12.2M
3
VSI
Verde Servicos Internacionais
Brazil
-$11.6M
4
CCM
CAAS Capital Management
New York
-$9.72M
5
ZP
Zimmer Partners
New York
-$9.64M
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of New York Mellon
26
Bank of New York Mellon
New York
$4.42M +$249K +13,772 +6%
Charles Schwab
27
Charles Schwab
California
$4.26M +$88.9K +4,922 +2%
LAM
28
Lapides Asset Management
Connecticut
$4.08M +$3.87M +214,200 New
PTC
29
Philadelphia Trust Company
Pennsylvania
$4.06M +$167K +9,260 +5%
Canada Pension Plan Investment Board
30
Canada Pension Plan Investment Board
Ontario, Canada
$3.81M -$15.3M -850,000 -81%
BC
31
Brahman Capital
New York
$3.69M +$3.5M +193,770 New
Alyeska Investment Group
32
Alyeska Investment Group
Illinois
$3.61M -$12.2M -676,818 -78%
RJA
33
Raymond James & Associates
Florida
$3.52M +$681K +37,733 +26%
UR
34
USCA RIA
Texas
$2.85M +$878K +48,625 +48%
N
35
Nuveen
North Carolina
$2.52M +$578K +32,036 +32%
Two Sigma Investments
36
Two Sigma Investments
New York
$2.45M +$2.32M +128,756 New
TPCM
37
Three Peaks Capital Management
Colorado
$2.44M +$622K +34,442 +37%
JP Morgan Chase
38
JP Morgan Chase
New York
$2.23M +$1.84M +102,089 +696%
UBS Group
39
UBS Group
Switzerland
$2.1M +$325K +17,991 +20%
PCM
40
Pentwater Capital Management
Florida
$2.1M – – –
Royal Bank of Canada
41
Royal Bank of Canada
Ontario, Canada
$2.04M -$136K -7,537 -7%
Bank of America
42
Bank of America
North Carolina
$1.99M +$116K +6,415 +7%
HFA
43
Harbert Fund Advisors
Alabama
$1.95M +$1.85M +102,200 New
Swiss National Bank
44
Swiss National Bank
Switzerland
$1.72M +$1.62M +90,000 New
California Public Employees Retirement System
45
California Public Employees Retirement System
California
$1.43M -$25.3K -1,400 -2%
MCP
46
Mirador Capital Partners
California
$1.43M +$616K +34,134 +84%
Natixis Advisors
47
Natixis Advisors
Massachusetts
$1.27M +$819K +45,354 +213%
AWM
48
AE Wealth Management
Kansas
$1.24M +$1.17M +64,934 New
SS
49
Simplicity Solutions
Minnesota
$1.15M +$1.09M +60,368 New
SM
50
SCGE Management
California
$1.15M – – –
1
2
3 4 5

RXT Hedge Fund Activity: Q4 2020 in Review

121 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Rackspace Technology (RXT) for Q4 2020, worth a combined $3.32B — up 8.1% from $3.07B a quarter earlier.

Buyers outnumbered sellers: 35 funds opened new RXT positions and 23 closed out — a net gain of 12 holders — while 41 added to existing stakes and 24 trimmed.

The largest buyer was Searchlight Capital Partners, opening a new position worth an estimated $217M. The largest seller was Canada Pension Plan Investment Board, cutting an estimated $15.3M.

  • 121 institutional investors held Rackspace Technology (RXT) as of Q4 2020, up from 110 in Q3 2020.
  • Funds reported $3.32B of Rackspace Technology stock for Q4 2020, up 8.1% quarter-over-quarter.
  • 35 funds opened new Rackspace Technology positions in Q4 2020 and 23 closed out, a net change of +12 holders.
  • The largest Rackspace Technology buyer in Q4 2020 was Searchlight Capital Partners, an estimated $217M added.
  • The largest Rackspace Technology seller in Q4 2020 was Canada Pension Plan Investment Board, an estimated $15.3M sold.

Based on aggregated 13F filings for Q4 2020.