Rackspace Technology
RXT
143 hedge funds and large institutions have $4.4B invested in Rackspace Technology in 2021 Q1 according to their latest regulatory filings, with 47 funds opening new positions, 36 increasing their positions, 44 reducing their positions, and 24 closing their positions.
96% more first-time investments, than exits
New positions opened: 47 | Existing positions closed: 24
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
32% more capital invested
Capital invested by funds: $3.32B → $4.4B (+$1.08B)
18% more funds holding
Funds holding: 121 → 143 (+22)
14% more call options, than puts
Call options by funds: $22.2M | Put options by funds: $19.6M
3.04% more ownership
Funds ownership: 86.89% → 89.94% (+3%)
18% less repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 44
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Trust Advisors
Wheaton,
Illinois
|
+$256M |
| 2 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
+$84.9M |
| 3 |
Janus Henderson Group
London,
United Kingdom
|
+$34.6M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$31.4M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$17.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCP
Searchlight Capital Partners
New York
|
-$152M |
| 2 |
Boston Partners
Boston,
Massachusetts
|
-$98.8M |
| 3 |
Norges Bank
Oslo,
Norway
|
-$10.5M |
| 4 |
Point72 Asset Management
Stamford,
Connecticut
|
-$7.86M |
| 5 |
MP
MSD Partners
New York
|
-$7.6M |
RXT Hedge Fund Activity: Q1 2021 in Review
143 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Rackspace Technology (RXT) for Q1 2021, worth a combined $4.4B — up 32% from $3.32B a quarter earlier.
Buyers outnumbered sellers: 47 funds opened new RXT positions and 24 closed out — a net gain of 23 holders — while 36 added to existing stakes and 44 trimmed.
The largest buyer was First Trust Advisors, opening a new position worth an estimated $256M. The largest seller was Searchlight Capital Partners, cutting an estimated $152M.
- 143 institutional investors held Rackspace Technology (RXT) as of Q1 2021, up from 121 in Q4 2020.
- Funds reported $4.4B of Rackspace Technology stock for Q1 2021, up 32% quarter-over-quarter.
- 47 funds opened new Rackspace Technology positions in Q1 2021 and 24 closed out, a net change of +23 holders.
- The largest Rackspace Technology buyer in Q1 2021 was First Trust Advisors, an estimated $256M added.
- The largest Rackspace Technology seller in Q1 2021 was Searchlight Capital Partners, an estimated $152M sold.
Based on aggregated 13F filings for Q1 2021.