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Rackspace Technology
RXT

122 hedge funds and large institutions have $340M invested in Rackspace Technology in 2023 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 47 increasing their positions, 37 reducing their positions, and 33 closing their positions.

New
Increased
Maintained
Reduced
Closed

27% more repeat investments, than reductions

Existing positions increased: 47 | Existing positions reduced: 37

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

1.85% less ownership

Funds ownership: 86.87% → 85.02% (-1.8%)

10% less funds holding

Funds holding: 135 → 122 (-13)

37% less capital invested

Capital invested by funds: $540M → $340M (-$200M)

39% less first-time investments, than exits

New positions opened: 20 | Existing positions closed: 33

61% less call options, than puts

Call options by funds: $216K | Put options by funds: $557K

Holders
122
Holders Change
-13
Holders Change %
-9.63%
% of All Funds
1.94%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
20
Increased
47
Reduced
37
Closed
33
Calls
$216K
Puts
$557K
Net Calls
-$341K
Net Calls Change
+$7.22M

Top Buyers

Rank Fund Capital Flow
1
AQR Capital Management
AQR Capital Management
Connecticut
+$3.6M
2
Legal & General Group
Legal & General Group
United Kingdom
+$2.92M
3
Jacobs Levy Equity Management
Jacobs Levy Equity Management
New Jersey
+$1.57M
4
Two Sigma Investments
Two Sigma Investments
New York
+$1.55M
5
Federated Hermes
Federated Hermes
Pennsylvania
+$1.52M

Top Sellers

Rank Fund Capital Flow
1
First Trust Advisors
First Trust Advisors
Illinois
-$8.41M
2
Millennium Management
Millennium Management
New York
-$7.14M
3
GCM
Graham Capital Management
Connecticut
-$2.34M
4
RHJA
Rice Hall James & Associates
California
-$1.66M
5
Citadel Advisors
Citadel Advisors
Florida
-$1.65M
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of New York Mellon
26
Bank of New York Mellon
New York
$859K -$159K -61,926 -12%
Wells Fargo
27
Wells Fargo
California
$750K -$259K -100,743 -20%
Jane Street
28
Jane Street
New York
$683K -$1.48M -577,284 -61%
Rafferty Asset Management
29
Rafferty Asset Management
New York
$627K +$352K +137,023 +70%
N
30
Nuveen
North Carolina
$608K +$306K +119,196 +58%
Susquehanna International Group
31
Susquehanna International Group
Pennsylvania
$564K +$772K +300,214 New
Dimensional Fund Advisors
32
Dimensional Fund Advisors
Texas
$553K -$104K -40,567 -12%
Two Sigma Advisers
33
Two Sigma Advisers
New York
$528K +$455K +176,800 +170%
Millennium Management
34
Millennium Management
New York
$453K -$7.14M -2,775,963 -92%
Ameriprise
35
Ameriprise
Minnesota
$452K +$543K +211,106 +720%
SO
36
STRS Ohio
Ohio
$444K +$184K +71,400 +43%
SFI
37
Susquehanna Fundamental Investments
Pennsylvania
$435K – – –
Point72 Asset Management
38
Point72 Asset Management
Connecticut
$403K +$551K +214,277 New
UBS Group
39
UBS Group
Switzerland
$398K +$110K +42,963 +25%
OQS
40
Occudo Quantitative Strategies
Florida
$379K +$282K +109,729 +119%
Citigroup
41
Citigroup
New York
$351K +$220K +85,540 +85%
Royal Bank of Canada
42
Royal Bank of Canada
Ontario, Canada
$342K -$3.68K -1,433 -0.8%
Qube Research & Technologies (QRT)
43
Qube Research & Technologies (QRT)
United Kingdom
$293K +$337K +131,189 +530%
EGM
44
Engineers Gate Manager
New York
$269K +$150K +58,196 +69%
AllianceBernstein
45
AllianceBernstein
Tennessee
$262K +$27.5K +10,695 +8%
GCM
46
Graham Capital Management
Connecticut
$233K -$2.34M -908,917 -88%
Connor, Clark & Lunn Investment Management (CC&L)
47
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$230K +$314K +122,221 New
Swiss National Bank
48
Swiss National Bank
Switzerland
$214K -$25.2K -9,800 -8%
Thrivent Financial for Lutherans
49
Thrivent Financial for Lutherans
Minnesota
$191K +$261K +101,546 New
RhumbLine Advisers
50
RhumbLine Advisers
Massachusetts
$169K +$2.98K +1,159 +1%
1
2
3 4 5

RXT Hedge Fund Activity: Q1 2023 in Review

122 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Rackspace Technology (RXT) for Q1 2023, worth a combined $340M — down 37% from $540M a quarter earlier.

Sellers outnumbered buyers: 33 funds closed out of RXT and 20 opened new positions — a net loss of 13 holders — while 37 trimmed existing stakes and 47 added.

The largest buyer was AQR Capital Management, adding an estimated $3.6M. The largest seller was First Trust Advisors, cutting an estimated $8.41M.

  • 122 institutional investors held Rackspace Technology (RXT) as of Q1 2023, down from 135 in Q4 2022.
  • Funds reported $340M of Rackspace Technology stock for Q1 2023, down 37% quarter-over-quarter.
  • 20 funds opened new Rackspace Technology positions in Q1 2023 and 33 closed out, a net change of -13 holders.
  • The largest Rackspace Technology buyer in Q1 2023 was AQR Capital Management, an estimated $3.6M added.
  • The largest Rackspace Technology seller in Q1 2023 was First Trust Advisors, an estimated $8.41M sold.

Based on aggregated 13F filings for Q1 2023.