Rackspace Technology
RXT
122 hedge funds and large institutions have $340M invested in Rackspace Technology in 2023 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 47 increasing their positions, 36 reducing their positions, and 33 closing their positions.
31% more repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 36
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1.69% less ownership
Funds ownership: 86.71% → 85.02% (-1.7%)
9% less funds holding
Funds holding: 134 → 122 (-12)
36% less first-time investments, than exits
New positions opened: 21 | Existing positions closed: 33
37% less capital invested
Capital invested by funds: $540M → $340M (-$200M)
61% less call options, than puts
Call options by funds: $216K | Put options by funds: $557K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AQR Capital Management
Greenwich,
Connecticut
|
+$3.6M |
| 2 |
Legal & General Group
London,
United Kingdom
|
+$2.92M |
| 3 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
+$1.57M |
| 4 |
Two Sigma Investments
New York
|
+$1.55M |
| 5 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
+$1.52M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Trust Advisors
Wheaton,
Illinois
|
-$8.41M |
| 2 |
Millennium Management
New York
|
-$7.14M |
| 3 |
GCM
Graham Capital Management
Rowayton,
Connecticut
|
-$2.34M |
| 4 |
RHJA
Rice Hall James & Associates
San Diego,
California
|
-$1.66M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$1.65M |
RXT Hedge Fund Activity: Q1 2023 in Review
122 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Rackspace Technology (RXT) for Q1 2023, worth a combined $340M — down 37% from $540M a quarter earlier.
Sellers outnumbered buyers: 33 funds closed out of RXT and 21 opened new positions — a net loss of 12 holders — while 36 trimmed existing stakes and 47 added.
The largest buyer was AQR Capital Management, adding an estimated $3.6M. The largest seller was First Trust Advisors, cutting an estimated $8.41M.
- 122 institutional investors held Rackspace Technology (RXT) as of Q1 2023, down from 134 in Q4 2022.
- Funds reported $340M of Rackspace Technology stock for Q1 2023, down 37% quarter-over-quarter.
- 21 funds opened new Rackspace Technology positions in Q1 2023 and 33 closed out, a net change of -12 holders.
- The largest Rackspace Technology buyer in Q1 2023 was AQR Capital Management, an estimated $3.6M added.
- The largest Rackspace Technology seller in Q1 2023 was First Trust Advisors, an estimated $8.41M sold.
Based on aggregated 13F filings for Q1 2023.