Rackspace Technology
96 hedge funds and large institutions have $484M invested in Rackspace Technology in 2023 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 35 increasing their positions, 38 reducing their positions, and 33 closing their positions.
42% more capital invested
Capital invested by funds: $340M → $484M (+$143M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
8% less repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 38
2.25% less ownership
Funds ownership: 85.02% → 82.78% (-2.2%)
21% less funds holding
Funds holding: 122 → 96 (-26)
76% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 33
87% less call options, than puts
Call options by funds: $621K | Put options by funds: $4.85M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Legal & General Group
London,
United Kingdom
|
+$7.42M |
| 2 |
BlackRock
New York
|
+$2.37M |
| 3 |
Charles Schwab
San Francisco,
California
|
+$1.24M |
| 4 |
Renaissance Technologies
New York
|
+$935K |
| 5 |
State Street
Boston,
Massachusetts
|
+$676K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Trust Advisors
Wheaton,
Illinois
|
-$9.56M |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
-$2.12M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
-$1.17M |
| 4 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
-$1.15M |
| 5 |
CANY
Caxton Associates (New York)
New York
|
-$991K |
RXT Hedge Fund Activity: Q2 2023 in Review
96 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Rackspace Technology (RXT) for Q2 2023, worth a combined $484M — up 42% from $340M a quarter earlier.
Sellers outnumbered buyers: 33 funds closed out of RXT and 8 opened new positions — a net loss of 25 holders — while 38 trimmed existing stakes and 35 added.
The largest buyer was Legal & General Group, adding an estimated $7.42M. The largest seller was First Trust Advisors, exiting entirely with an estimated $9.56M sold.
- 96 institutional investors held Rackspace Technology (RXT) as of Q2 2023, down from 122 in Q1 2023.
- Funds reported $484M of Rackspace Technology stock for Q2 2023, up 42% quarter-over-quarter.
- 8 funds opened new Rackspace Technology positions in Q2 2023 and 33 closed out, a net change of -25 holders.
- The largest Rackspace Technology buyer in Q2 2023 was Legal & General Group, an estimated $7.42M added.
- The largest Rackspace Technology seller in Q2 2023 was First Trust Advisors, an estimated $9.56M sold.
Based on aggregated 13F filings for Q2 2023.