Rackspace Technology
RXT
131 hedge funds and large institutions have $2.07B invested in Rackspace Technology in 2022 Q1 according to their latest regulatory filings, with 26 funds opening new positions, 42 increasing their positions, 49 reducing their positions, and 25 closing their positions.
4% more first-time investments, than exits
New positions opened: 26 | Existing positions closed: 25
1% more funds holding
Funds holding: 130 → 131 (+1)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0.7% less ownership
Funds ownership: 88.26% → 87.56% (-0.7%)
14% less repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 49
17% less capital invested
Capital invested by funds: $2.5B → $2.07B (-$426M)
38% less call options, than puts
Call options by funds: $4.4M | Put options by funds: $7.12M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$22M |
| 2 |
Dimensional Fund Advisors
Austin,
Texas
|
+$6.51M |
| 3 |
First Trust Advisors
Wheaton,
Illinois
|
+$5.89M |
| 4 |
Legal & General Group
London,
United Kingdom
|
+$3.88M |
| 5 |
RHJA
Rice Hall James & Associates
San Diego,
California
|
+$2.63M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$30.5M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$15.7M |
| 3 |
Morgan Stanley
New York
|
-$6.91M |
| 4 |
LCP
LGT Capital Partners
Pfaeffikon,
Switzerland
|
-$6.4M |
| 5 |
JP Morgan Chase
New York
|
-$3.93M |
RXT Hedge Fund Activity: Q1 2022 in Review
131 of the 6,360 institutional investors tracked by Wall St. Rank reported a position in Rackspace Technology (RXT) for Q1 2022, worth a combined $2.07B — down 17% from $2.5B a quarter earlier.
Buyers outnumbered sellers: 26 funds opened new RXT positions and 25 closed out — a net gain of 1 holder — while 42 added to existing stakes and 49 trimmed.
The largest buyer was Vanguard Group, adding an estimated $22M. The largest seller was Royal Bank of Canada, cutting an estimated $30.5M.
- 131 institutional investors held Rackspace Technology (RXT) as of Q1 2022, up from 130 in Q4 2021.
- Funds reported $2.07B of Rackspace Technology stock for Q1 2022, down 17% quarter-over-quarter.
- 26 funds opened new Rackspace Technology positions in Q1 2022 and 25 closed out, a net change of +1 holder.
- The largest Rackspace Technology buyer in Q1 2022 was Vanguard Group, an estimated $22M added.
- The largest Rackspace Technology seller in Q1 2022 was Royal Bank of Canada, an estimated $30.5M sold.
Based on aggregated 13F filings for Q1 2022.