Rackspace Technology
RXT
103 hedge funds and large institutions have $411M invested in Rackspace Technology in 2023 Q3 according to their latest regulatory filings, with 27 funds opening new positions, 26 increasing their positions, 35 reducing their positions, and 20 closing their positions.
35% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 20
7% more funds holding
Funds holding: 96 → 103 (+7)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1.37% less ownership
Funds ownership: 82.78% → 81.41% (-1.4%)
15% less capital invested
Capital invested by funds: $484M → $411M (-$73.1M)
26% less repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 35
46% less call options, than puts
Call options by funds: $781K | Put options by funds: $1.45M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$3.31M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$2.35M |
| 3 |
Fuller & Thaler Asset Management
San Mateo,
California
|
+$2.33M |
| 4 |
Charles Schwab
San Francisco,
California
|
+$1.03M |
| 5 |
CAM
ClariVest Asset Management
San Diego,
California
|
+$816K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Legal & General Group
London,
United Kingdom
|
-$5.06M |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
-$3.14M |
| 3 |
BlackRock
New York
|
-$2.09M |
| 4 |
HP
Hosking Partners
London,
United Kingdom
|
-$1.42M |
| 5 |
Two Sigma Investments
New York
|
-$1.31M |
RXT Hedge Fund Activity: Q3 2023 in Review
103 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in Rackspace Technology (RXT) for Q3 2023, worth a combined $411M — down 15% from $484M a quarter earlier.
Buyers outnumbered sellers: 27 funds opened new RXT positions and 20 closed out — a net gain of 7 holders — while 26 added to existing stakes and 35 trimmed.
The largest buyer was Millennium Management, adding an estimated $3.31M. The largest seller was Legal & General Group, cutting an estimated $5.06M.
- 103 institutional investors held Rackspace Technology (RXT) as of Q3 2023, up from 96 in Q2 2023.
- Funds reported $411M of Rackspace Technology stock for Q3 2023, down 15% quarter-over-quarter.
- 27 funds opened new Rackspace Technology positions in Q3 2023 and 20 closed out, a net change of +7 holders.
- The largest Rackspace Technology buyer in Q3 2023 was Millennium Management, an estimated $3.31M added.
- The largest Rackspace Technology seller in Q3 2023 was Legal & General Group, an estimated $5.06M sold.
Based on aggregated 13F filings for Q3 2023.