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Rackspace Technology
RXT

95 hedge funds and large institutions have $413M invested in Rackspace Technology in 2024 Q3 according to their latest regulatory filings, with 18 funds opening new positions, 34 increasing their positions, 24 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

80% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 10

62% more call options, than puts

Call options by funds: $222K | Put options by funds: $137K

42% more repeat investments, than reductions

Existing positions increased: 34 | Existing positions reduced: 24

8% more funds holding

Funds holding: 88 → 95 (+7)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

2.99% less ownership

Funds ownership: 77.48% → 74.49% (-3%)

20% less capital invested

Capital invested by funds: $517M → $413M (-$104M)

Holders
95
Holders Change
+7
Holders Change %
+7.95%
% of All Funds
1.36%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
18
Increased
34
Reduced
24
Closed
10
Calls
$222K
Puts
$137K
Net Calls
+$85K
Net Calls Change
+$2M

Top Buyers

Rank Fund Capital Flow
1
CM
CastleKnight Management
New York
+$2.33M
2
Goldman Sachs
Goldman Sachs
New York
+$1.17M
3
Jacobs Levy Equity Management
Jacobs Levy Equity Management
New Jersey
+$1.15M
4
Vanguard Group
Vanguard Group
Pennsylvania
+$869K
5
Millennium Management
Millennium Management
New York
+$803K

Top Sellers

Rank Fund Capital Flow
1
Legal & General Group
Legal & General Group
United Kingdom
-$18.9M
2
Mackenzie Financial
Mackenzie Financial
Ontario, Canada
-$2.8M
3
UBS Group
UBS Group
Switzerland
-$1.46M
4
QC
Quadrature Capital
United Kingdom
-$410K
5
LFS
Leibman Financial Services
Nebraska
-$384K
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of America
26
Bank of America
North Carolina
$562K +$286K +118,355 +107%
AC
27
Aristeia Capital
Connecticut
$546K +$538K +222,706 New
SO
28
STRS Ohio
Ohio
$469K – – –
Franklin Resources
29
Franklin Resources
California
$443K +$405K +167,677 New
Bank of New York Mellon
30
Bank of New York Mellon
New York
$419K -$125K -51,762 -23%
GCP
31
GSA Capital Partners
United Kingdom
$412K +$406K +168,131 New
CFM
32
Catalyst Funds Management
Australia
$409K +$403K +166,900 New
FIM
33
Freedom Investment Management
Connecticut
$389K -$32.3K -13,375 -8%
State of Wisconsin Investment Board
34
State of Wisconsin Investment Board
Wisconsin
$388K +$3.62K +1,500 +1%
Susquehanna International Group
35
Susquehanna International Group
Pennsylvania
$354K +$265K +109,617 +316%
Citigroup
36
Citigroup
New York
$346K -$12.5K -5,180 -4%
Ohio Public Employees Retirement System (OPERS)
37
Ohio Public Employees Retirement System (OPERS)
Ohio
$313K +$74.8K +30,983 +32%
N
38
Nuveen
North Carolina
$301K – – –
Barclays
39
Barclays
United Kingdom
$269K +$123K +50,896 +86%
RhumbLine Advisers
40
RhumbLine Advisers
Massachusetts
$250K +$4.65K +1,925 +2%
Lazard Asset Management
41
Lazard Asset Management
New York
$237K +$61.1K +25,300 +35%
AQR Capital Management
42
AQR Capital Management
Connecticut
$189K -$81K -33,554 -30%
Two Sigma Advisers
43
Two Sigma Advisers
New York
$189K -$218K -90,200 -54%
EGM
44
Engineers Gate Manager
New York
$169K +$81.7K +33,823 +97%
QOP
45
Quinn Opportunity Partners
Virginia
$141K – – –
Point72 Asset Management
46
Point72 Asset Management
Connecticut
$135K +$133K +55,095 New
Verition Fund Management
47
Verition Fund Management
Connecticut
$134K -$171K -71,011 -56%
ECM
48
ExodusPoint Capital Management
New York
$116K +$114K +47,216 New
Royal Bank of Canada
49
Royal Bank of Canada
Ontario, Canada
$110K -$9.05K -3,746 -8%
Deutsche Bank
50
Deutsche Bank
Germany
$102K – – –
1
2
3 4 5

RXT Hedge Fund Activity: Q3 2024 in Review

95 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Rackspace Technology (RXT) for Q3 2024, worth a combined $413M — down 20% from $517M a quarter earlier.

Buyers outnumbered sellers: 18 funds opened new RXT positions and 10 closed out — a net gain of 8 holders — while 34 added to existing stakes and 24 trimmed.

The largest buyer was CastleKnight Management, adding an estimated $2.33M. The largest seller was Legal & General Group, cutting an estimated $18.9M.

  • 95 institutional investors held Rackspace Technology (RXT) as of Q3 2024, up from 88 in Q2 2024.
  • Funds reported $413M of Rackspace Technology stock for Q3 2024, down 20% quarter-over-quarter.
  • 18 funds opened new Rackspace Technology positions in Q3 2024 and 10 closed out, a net change of +8 holders.
  • The largest Rackspace Technology buyer in Q3 2024 was CastleKnight Management, an estimated $2.33M added.
  • The largest Rackspace Technology seller in Q3 2024 was Legal & General Group, an estimated $18.9M sold.

Based on aggregated 13F filings for Q3 2024.