Rackspace Technology
94 hedge funds and large institutions have $275M invested in Rackspace Technology in 2024 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 29 increasing their positions, 40 reducing their positions, and 15 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.77% less ownership
Funds ownership: 81.13% → 80.36% (-0.77%)
7% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 15
1% less funds holding
Funds holding: 95 → 94 (-1)
22% less capital invested
Capital invested by funds: $351M → $275M (-$76.3M)
28% less repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 40
83% less call options, than puts
Call options by funds: $368K | Put options by funds: $2.12M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CM
CastleKnight Management
New York
|
+$3.76M |
| 2 |
Legal & General Group
London,
United Kingdom
|
+$998K |
| 3 |
Jane Street
New York
|
+$891K |
| 4 |
GCP
GSA Capital Partners
London,
United Kingdom
|
+$602K |
| 5 |
Invesco
Atlanta,
Georgia
|
+$464K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Charles Schwab
San Francisco,
California
|
-$3.59M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$2.56M |
| 3 |
JP Morgan Chase
New York
|
-$920K |
| 4 |
D.E. Shaw & Co
New York
|
-$745K |
| 5 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
-$715K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
State Board of Administration of Florida Retirement System
Tallahassee,
Florida
| – | -$32.9K | -16,438 | Closed |
|
|
VF
102
Virtu Financial
New York
| – | -$26K | -13,164 | Closed |
|
103
LPL Financial
San Diego,
California
| – | -$25.4K | -12,706 | Closed |
|
|
FA
104
Fountainhead AM
Warren,
New Jersey
| – | -$24.7K | -12,355 | Closed |
|
|
BCM
105
Bayesian Capital Management
Brooklyn,
New York
| – | -$21.2K | -10,611 | Closed |
|
106
Walleye Trading
New York
| – | -$3.3K | -1,651 | Closed |
|
|
VCM
107
Versant Capital Management
Phoenix,
Arizona
| – | -$1.18K | -588 | Closed |
|
|
C
108
Covestor
London,
United Kingdom
| – | -$4 | -2 | -6% |
|
RXT Hedge Fund Activity: Q1 2024 in Review
94 of the 6,943 institutional investors tracked by Wall St. Rank reported a position in Rackspace Technology (RXT) for Q1 2024, worth a combined $275M — down 22% from $351M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of RXT and 14 opened new positions — a net loss of 1 holder — while 40 trimmed existing stakes and 29 added.
The largest buyer was CastleKnight Management, adding an estimated $3.76M. The largest seller was Charles Schwab, cutting an estimated $3.59M.
- 94 institutional investors held Rackspace Technology (RXT) as of Q1 2024, down from 95 in Q4 2023.
- Funds reported $275M of Rackspace Technology stock for Q1 2024, down 22% quarter-over-quarter.
- 14 funds opened new Rackspace Technology positions in Q1 2024 and 15 closed out, a net change of -1 holder.
- The largest Rackspace Technology buyer in Q1 2024 was CastleKnight Management, an estimated $3.76M added.
- The largest Rackspace Technology seller in Q1 2024 was Charles Schwab, an estimated $3.59M sold.
Based on aggregated 13F filings for Q1 2024.