Rackspace Technology
124 hedge funds and large institutions have $792M invested in Rackspace Technology in 2022 Q3 according to their latest regulatory filings, with 24 funds opening new positions, 38 increasing their positions, 44 reducing their positions, and 36 closing their positions.
4.43% more ownership
Funds ownership: 87.77% → 92.2% (+4.4%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
9% less funds holding
Funds holding: 136 → 124 (-12)
14% less repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 44
33% less first-time investments, than exits
New positions opened: 24 | Existing positions closed: 36
40% less capital invested
Capital invested by funds: $1.33B → $792M (-$535M)
63% less call options, than puts
Call options by funds: $1.83M | Put options by funds: $4.98M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Trust Advisors
Wheaton,
Illinois
|
+$87.6M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$4.13M |
| 3 |
Jane Street
New York
|
+$3.86M |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
+$1.8M |
| 5 |
Rafferty Asset Management
New York
|
+$1.25M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LI
Leeward Investments
Boston,
Massachusetts
|
-$18.5M |
| 2 |
Boston Partners
Boston,
Massachusetts
|
-$5.84M |
| 3 |
Millennium Management
New York
|
-$5.13M |
| 4 |
RHJA
Rice Hall James & Associates
San Diego,
California
|
-$4.76M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
-$3.36M |
RXT Hedge Fund Activity: Q3 2022 in Review
124 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Rackspace Technology (RXT) for Q3 2022, worth a combined $792M — down 40% from $1.33B a quarter earlier.
Sellers outnumbered buyers: 36 funds closed out of RXT and 24 opened new positions — a net loss of 12 holders — while 44 trimmed existing stakes and 38 added.
The largest buyer was First Trust Advisors, adding an estimated $87.6M. The largest seller was Leeward Investments, exiting entirely with an estimated $18.5M sold.
- 124 institutional investors held Rackspace Technology (RXT) as of Q3 2022, down from 136 in Q2 2022.
- Funds reported $792M of Rackspace Technology stock for Q3 2022, down 40% quarter-over-quarter.
- 24 funds opened new Rackspace Technology positions in Q3 2022 and 36 closed out, a net change of -12 holders.
- The largest Rackspace Technology buyer in Q3 2022 was First Trust Advisors, an estimated $87.6M added.
- The largest Rackspace Technology seller in Q3 2022 was Leeward Investments, an estimated $18.5M sold.
Based on aggregated 13F filings for Q3 2022.