Rackspace Technology
88 hedge funds and large institutions have $517M invested in Rackspace Technology in 2024 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 34 increasing their positions, 29 reducing their positions, and 20 closing their positions.
88% more capital invested
Capital invested by funds: $275M → $517M (+$242M)
17% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 29
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
2.88% less ownership
Funds ownership: 80.36% → 77.48% (-2.9%)
6% less funds holding
Funds holding: 94 → 88 (-6)
25% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 20
81% less call options, than puts
Call options by funds: $444K | Put options by funds: $2.35M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Legal & General Group
London,
United Kingdom
|
+$1.93M |
| 2 |
D.E. Shaw & Co
New York
|
+$884K |
| 3 |
Morgan Stanley
New York
|
+$637K |
| 4 |
Renaissance Technologies
New York
|
+$515K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$482K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
-$1.61M |
| 2 |
Goldman Sachs
New York
|
-$988K |
| 3 |
AQR Capital Management
Greenwich,
Connecticut
|
-$962K |
| 4 |
GCP
GSA Capital Partners
London,
United Kingdom
|
-$531K |
| 5 |
Millennium Management
New York
|
-$328K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ECM
101
ExodusPoint Capital Management
New York
| – | -$26K | -16,267 | Closed |
|
|
SC
102
Savant Capital
Rockford,
Illinois
| – | -$25.1K | -15,917 | Closed |
|
103
ProShare Advisors
Bethesda,
Maryland
| – | -$18K | -11,367 | Closed |
|
|
FGAM
104
Financial Gravity Asset Management
Lakeway,
Texas
| – | -$594 | -376 | Closed |
|
|
FDCDDQ
105
Federation des caisses Desjardins du Quebec
Levis,
Quebec, Canada
| – | -$474 | -300 | Closed |
|
106
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$450 | -285 | Closed |
|
|
AWM
107
Avior Wealth Management
Omaha,
Nebraska
| – | -$25 | -16 | Closed |
|
|
C
108
Covestor
London,
United Kingdom
| – | -$2 | -1 | -3% |
|
RXT Hedge Fund Activity: Q2 2024 in Review
88 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Rackspace Technology (RXT) for Q2 2024, worth a combined $517M — up 88% from $275M a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of RXT and 15 opened new positions — a net loss of 5 holders — while 29 trimmed existing stakes and 34 added.
The largest buyer was Legal & General Group, adding an estimated $1.93M. The largest seller was Jacobs Levy Equity Management, cutting an estimated $1.61M.
- 88 institutional investors held Rackspace Technology (RXT) as of Q2 2024, down from 94 in Q1 2024.
- Funds reported $517M of Rackspace Technology stock for Q2 2024, up 88% quarter-over-quarter.
- 15 funds opened new Rackspace Technology positions in Q2 2024 and 20 closed out, a net change of -5 holders.
- The largest Rackspace Technology buyer in Q2 2024 was Legal & General Group, an estimated $1.93M added.
- The largest Rackspace Technology seller in Q2 2024 was Jacobs Levy Equity Management, an estimated $1.61M sold.
Based on aggregated 13F filings for Q2 2024.