Rackspace Technology
135 hedge funds and large institutions have $540M invested in Rackspace Technology in 2022 Q4 according to their latest regulatory filings, with 37 funds opening new positions, 46 increasing their positions, 35 reducing their positions, and 26 closing their positions.
42% more first-time investments, than exits
New positions opened: 37 | Existing positions closed: 26
31% more repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 35
9% more funds holding
Funds holding: 124 → 135 (+11)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
5.33% less ownership
Funds ownership: 92.2% → 86.87% (-5.3%)
32% less capital invested
Capital invested by funds: $792M → $540M (-$252M)
89% less call options, than puts
Call options by funds: $961K | Put options by funds: $8.53M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$12.7M |
| 2 |
Legal & General Group
London,
United Kingdom
|
+$7.74M |
| 3 |
AQR Capital Management
Greenwich,
Connecticut
|
+$4.53M |
| 4 |
GCM
Graham Capital Management
Rowayton,
Connecticut
|
+$4.36M |
| 5 |
Goldman Sachs
New York
|
+$2.87M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Trust Advisors
Wheaton,
Illinois
|
-$90.5M |
| 2 |
RHJA
Rice Hall James & Associates
San Diego,
California
|
-$5.42M |
| 3 |
LAM
Lapides Asset Management
Greenwich,
Connecticut
|
-$1.35M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
-$1.25M |
| 5 |
JP Morgan Chase
New York
|
-$782K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
151
Macquarie Group
Sydney, NSW 2000,
Australia
| – | -$15K | -3,689 | Closed |
|
|
RTC
152
Riverview Trust Company
Vancouver,
Washington
| – | -$11K | -2,812 | Closed |
|
|
PA
153
Parallel Advisors
San Francisco,
California
| – | -$1K | -151 | Closed |
|
|
AF
154
Allworth Financial
Folsom,
California
| – | -$1K | -124 | Closed |
|
|
C
155
Covestor
London,
United Kingdom
| – | -$4 | -1 | -4% |
|
RXT Hedge Fund Activity: Q4 2022 in Review
135 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Rackspace Technology (RXT) for Q4 2022, worth a combined $540M — down 32% from $792M a quarter earlier.
Buyers outnumbered sellers: 37 funds opened new RXT positions and 26 closed out — a net gain of 11 holders — while 46 added to existing stakes and 35 trimmed.
The largest buyer was Millennium Management, opening a new position worth an estimated $12.7M. The largest seller was First Trust Advisors, cutting an estimated $90.5M.
- 135 institutional investors held Rackspace Technology (RXT) as of Q4 2022, up from 124 in Q3 2022.
- Funds reported $540M of Rackspace Technology stock for Q4 2022, down 32% quarter-over-quarter.
- 37 funds opened new Rackspace Technology positions in Q4 2022 and 26 closed out, a net change of +11 holders.
- The largest Rackspace Technology buyer in Q4 2022 was Millennium Management, an estimated $12.7M added.
- The largest Rackspace Technology seller in Q4 2022 was First Trust Advisors, an estimated $90.5M sold.
Based on aggregated 13F filings for Q4 2022.