Rackspace Technology
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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CM
CastleKnight Management
New York
|
+$2.33M |
| 2 |
Goldman Sachs
New York
|
+$1.17M |
| 3 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
+$1.15M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$869K |
| 5 |
Millennium Management
New York
|
+$803K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Legal & General Group
London,
United Kingdom
|
-$18.9M |
| 2 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
-$2.8M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$1.46M |
| 4 |
QC
Quadrature Capital
London,
United Kingdom
|
-$410K |
| 5 |
LFS
Leibman Financial Services
Louisville,
Nebraska
|
-$384K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
QPW
101
Quantum Private Wealth
Tampa,
Florida
| – | -$35.4K | -11,879 | Closed |
|
|
LFS
102
Leibman Financial Services
Louisville,
Nebraska
| – | -$384K | -3,822 | Closed |
|
103
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$2.23K | -750 | Closed |
|
|
WAG
104
Wiser Advisor Group
Phoenix,
Arizona
| – | -$1.49K | -500 | Closed |
|
|
C
105
Covestor
London,
United Kingdom
| – | -$2 | -1 | -4% |
|
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.