Rackspace Technology
129 hedge funds and large institutions have $2.5B invested in Rackspace Technology in 2021 Q4 according to their latest regulatory filings, with 28 funds opening new positions, 52 increasing their positions, 37 reducing their positions, and 26 closing their positions.
41% more repeat investments, than reductions
Existing positions increased: 52 | Existing positions reduced: 37
8% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 26
1% more funds holding
Funds holding: 128 → 129 (+1)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0.52% less ownership
Funds ownership: 88.77% → 88.25% (-0.52%)
2% less call options, than puts
Call options by funds: $6.88M | Put options by funds: $7.04M
5% less capital invested
Capital invested by funds: $2.64B → $2.5B (-$144M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
+$14.4M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$13.1M |
| 3 |
Legal & General Group
London,
United Kingdom
|
+$9.75M |
| 4 |
RHJA
Rice Hall James & Associates
San Diego,
California
|
+$8.49M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$4.67M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Truist Financial
Charlotte,
North Carolina
|
-$22.9M |
| 2 |
First Trust Advisors
Wheaton,
Illinois
|
-$15.7M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$13.3M |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
-$9.4M |
| 5 |
PTC
Philadelphia Trust Company
Philadelphia,
Pennsylvania
|
-$6.06M |
RXT Hedge Fund Activity: Q4 2021 in Review
129 of the 6,498 institutional investors tracked by Wall St. Rank reported a position in Rackspace Technology (RXT) for Q4 2021, worth a combined $2.5B — down 5.5% from $2.64B a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new RXT positions and 26 closed out — a net gain of 2 holders — while 52 added to existing stakes and 37 trimmed.
The largest buyer was Mackenzie Financial, adding an estimated $14.4M. The largest seller was Truist Financial, cutting an estimated $22.9M.
- 129 institutional investors held Rackspace Technology (RXT) as of Q4 2021, up from 128 in Q3 2021.
- Funds reported $2.5B of Rackspace Technology stock for Q4 2021, down 5.5% quarter-over-quarter.
- 28 funds opened new Rackspace Technology positions in Q4 2021 and 26 closed out, a net change of +2 holders.
- The largest Rackspace Technology buyer in Q4 2021 was Mackenzie Financial, an estimated $14.4M added.
- The largest Rackspace Technology seller in Q4 2021 was Truist Financial, an estimated $22.9M sold.
Based on aggregated 13F filings for Q4 2021.