Rackspace Technology
RXT
96 hedge funds and large institutions have $350M invested in Rackspace Technology in 2023 Q4 according to their latest regulatory filings, with 23 funds opening new positions, 34 increasing their positions, 29 reducing their positions, and 30 closing their positions.
17% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 29
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.64% less ownership
Funds ownership: 81.41% → 80.77% (-0.64%)
7% less funds holding
Funds holding: 103 → 96 (-7)
15% less capital invested
Capital invested by funds: $411M → $350M (-$60.6M)
23% less first-time investments, than exits
New positions opened: 23 | Existing positions closed: 30
70% less call options, than puts
Call options by funds: $685K | Put options by funds: $2.27M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
+$2.33M |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
+$1.2M |
| 3 |
Charles Schwab
San Francisco,
California
|
+$1.01M |
| 4 |
JP Morgan Chase
New York
|
+$915K |
| 5 |
CM
CastleKnight Management
New York
|
+$907K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Legal & General Group
London,
United Kingdom
|
-$2.72M |
| 2 |
Fuller & Thaler Asset Management
San Mateo,
California
|
-$2.42M |
| 3 |
Millennium Management
New York
|
-$2.39M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
-$2.03M |
| 5 |
Renaissance Technologies
New York
|
-$741K |
RXT Hedge Fund Activity: Q4 2023 in Review
96 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in Rackspace Technology (RXT) for Q4 2023, worth a combined $350M — down 15% from $411M a quarter earlier.
Sellers outnumbered buyers: 30 funds closed out of RXT and 23 opened new positions — a net loss of 7 holders — while 29 trimmed existing stakes and 34 added.
The largest buyer was Jacobs Levy Equity Management, opening a new position worth an estimated $2.33M. The largest seller was Legal & General Group, cutting an estimated $2.72M.
- 96 institutional investors held Rackspace Technology (RXT) as of Q4 2023, down from 103 in Q3 2023.
- Funds reported $350M of Rackspace Technology stock for Q4 2023, down 15% quarter-over-quarter.
- 23 funds opened new Rackspace Technology positions in Q4 2023 and 30 closed out, a net change of -7 holders.
- The largest Rackspace Technology buyer in Q4 2023 was Jacobs Levy Equity Management, an estimated $2.33M added.
- The largest Rackspace Technology seller in Q4 2023 was Legal & General Group, an estimated $2.72M sold.
Based on aggregated 13F filings for Q4 2023.