Rackspace Technology
141 hedge funds and large institutions have $3.59B invested in Rackspace Technology in 2021 Q2 according to their latest regulatory filings, with 29 funds opening new positions, 59 increasing their positions, 32 reducing their positions, and 30 closing their positions.
84% more repeat investments, than reductions
Existing positions increased: 59 | Existing positions reduced: 32
36% more call options, than puts
Call options by funds: $11.4M | Put options by funds: $8.36M
3% less first-time investments, than exits
New positions opened: 29 | Existing positions closed: 30
1% less funds holding
Funds holding: 143 → 141 (-2)
1.87% less ownership
Funds ownership: 89.94% → 88.06% (-1.9%)
18% less capital invested
Capital invested by funds: $4.4B → $3.59B (-$809M)
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Legal & General Group
London,
United Kingdom
|
+$25.3M |
| 2 |
RHJA
Rice Hall James & Associates
San Diego,
California
|
+$25.1M |
| 3 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
+$22M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$15.2M |
| 5 |
BlackRock
New York
|
+$14.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCP
Searchlight Capital Partners
New York
|
-$118M |
| 2 |
RCMNY
Rubric Capital Management (New York)
New York
|
-$54.7M |
| 3 |
Point72 Asset Management
Stamford,
Connecticut
|
-$28.9M |
| 4 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
-$23.8M |
| 5 |
BSA
Braun Stacey Associates
New York
|
-$13.8M |
RXT Hedge Fund Activity: Q2 2021 in Review
141 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in Rackspace Technology (RXT) for Q2 2021, worth a combined $3.59B — down 18% from $4.4B a quarter earlier.
Sellers outnumbered buyers: 30 funds closed out of RXT and 29 opened new positions — a net loss of 1 holder — while 32 trimmed existing stakes and 59 added.
The largest buyer was Legal & General Group, adding an estimated $25.3M. The largest seller was Searchlight Capital Partners, exiting entirely with an estimated $118M sold.
- 141 institutional investors held Rackspace Technology (RXT) as of Q2 2021, down from 143 in Q1 2021.
- Funds reported $3.59B of Rackspace Technology stock for Q2 2021, down 18% quarter-over-quarter.
- 29 funds opened new Rackspace Technology positions in Q2 2021 and 30 closed out, a net change of -1 holder.
- The largest Rackspace Technology buyer in Q2 2021 was Legal & General Group, an estimated $25.3M added.
- The largest Rackspace Technology seller in Q2 2021 was Searchlight Capital Partners, an estimated $118M sold.
Based on aggregated 13F filings for Q2 2021.