Rackspace Technology
RXT
94 hedge funds and large institutions have $275M invested in Rackspace Technology in 2024 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 30 increasing their positions, 39 reducing their positions, and 15 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.4% less ownership
Funds ownership: 80.77% → 80.36% (-0.4%)
2% less funds holding
Funds holding: 96 → 94 (-2)
13% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 15
21% less capital invested
Capital invested by funds: $350M → $275M (-$74.7M)
23% less repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 39
83% less call options, than puts
Call options by funds: $368K | Put options by funds: $2.12M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CM
CastleKnight Management
New York
|
+$3.76M |
| 2 |
Legal & General Group
London,
United Kingdom
|
+$998K |
| 3 |
Jane Street
New York
|
+$891K |
| 4 |
Morgan Stanley
New York
|
+$858K |
| 5 |
GCP
GSA Capital Partners
London,
United Kingdom
|
+$602K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Charles Schwab
San Francisco,
California
|
-$3.59M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$2.56M |
| 3 |
JP Morgan Chase
New York
|
-$920K |
| 4 |
D.E. Shaw & Co
New York
|
-$745K |
| 5 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
-$715K |
RXT Hedge Fund Activity: Q1 2024 in Review
94 of the 6,959 institutional investors tracked by Wall St. Rank reported a position in Rackspace Technology (RXT) for Q1 2024, worth a combined $275M — down 21% from $350M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of RXT and 13 opened new positions — a net loss of 2 holders — while 39 trimmed existing stakes and 30 added.
The largest buyer was CastleKnight Management, adding an estimated $3.76M. The largest seller was Charles Schwab, cutting an estimated $3.59M.
- 94 institutional investors held Rackspace Technology (RXT) as of Q1 2024, down from 96 in Q4 2023.
- Funds reported $275M of Rackspace Technology stock for Q1 2024, down 21% quarter-over-quarter.
- 13 funds opened new Rackspace Technology positions in Q1 2024 and 15 closed out, a net change of -2 holders.
- The largest Rackspace Technology buyer in Q1 2024 was CastleKnight Management, an estimated $3.76M added.
- The largest Rackspace Technology seller in Q1 2024 was Charles Schwab, an estimated $3.59M sold.
Based on aggregated 13F filings for Q1 2024.