Rackspace Technology
RXT
121 hedge funds and large institutions have $3.32B invested in Rackspace Technology in 2020 Q4 according to their latest regulatory filings, with 35 funds opening new positions, 41 increasing their positions, 24 reducing their positions, and 23 closing their positions.
142% more call options, than puts
Call options by funds: $26.1M | Put options by funds: $10.8M
71% more repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 24
52% more first-time investments, than exits
New positions opened: 35 | Existing positions closed: 23
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
10% more funds holding
Funds holding: 110 → 121 (+11)
8% more capital invested
Capital invested by funds: $3.07B → $3.32B (+$244M)
6.9% more ownership
Funds ownership: 80% → 86.89% (+6.9%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCP
Searchlight Capital Partners
New York
|
+$217M |
| 2 |
Truist Financial
Charlotte,
North Carolina
|
+$26.7M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$19.7M |
| 4 |
Boston Partners
Boston,
Massachusetts
|
+$15.8M |
| 5 |
Neuberger Berman Group
New York
|
+$14.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
-$15.3M |
| 2 |
Alyeska Investment Group
Chicago,
Illinois
|
-$12.2M |
| 3 |
VSI
Verde Servicos Internacionais
Sao Paulo,
Brazil
|
-$11.6M |
| 4 |
CCM
CAAS Capital Management
New York
|
-$9.72M |
| 5 |
ZP
Zimmer Partners
New York
|
-$9.64M |
RXT Hedge Fund Activity: Q4 2020 in Review
121 of the 5,676 institutional investors tracked by Wall St. Rank reported a position in Rackspace Technology (RXT) for Q4 2020, worth a combined $3.32B — up 7.9% from $3.07B a quarter earlier.
Buyers outnumbered sellers: 35 funds opened new RXT positions and 23 closed out — a net gain of 12 holders — while 41 added to existing stakes and 24 trimmed.
The largest buyer was Searchlight Capital Partners, opening a new position worth an estimated $217M. The largest seller was Canada Pension Plan Investment Board, cutting an estimated $15.3M.
- 121 institutional investors held Rackspace Technology (RXT) as of Q4 2020, up from 110 in Q3 2020.
- Funds reported $3.32B of Rackspace Technology stock for Q4 2020, up 7.9% quarter-over-quarter.
- 35 funds opened new Rackspace Technology positions in Q4 2020 and 23 closed out, a net change of +12 holders.
- The largest Rackspace Technology buyer in Q4 2020 was Searchlight Capital Partners, an estimated $217M added.
- The largest Rackspace Technology seller in Q4 2020 was Canada Pension Plan Investment Board, an estimated $15.3M sold.
Based on aggregated 13F filings for Q4 2020.