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Rackspace Technology
RXT

95 hedge funds and large institutions have $413M invested in Rackspace Technology in 2024 Q3 according to their latest regulatory filings, with 18 funds opening new positions, 34 increasing their positions, 24 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

80% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 10

62% more call options, than puts

Call options by funds: $222K | Put options by funds: $137K

42% more repeat investments, than reductions

Existing positions increased: 34 | Existing positions reduced: 24

8% more funds holding

Funds holding: 88 → 95 (+7)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

2.99% less ownership

Funds ownership: 77.48% → 74.49% (-3%)

20% less capital invested

Capital invested by funds: $517M → $413M (-$104M)

Holders
95
Holders Change
+7
Holders Change %
+7.95%
% of All Funds
1.36%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
18
Increased
34
Reduced
24
Closed
10
Calls
$222K
Puts
$137K
Net Calls
+$85K
Net Calls Change
+$2M

Top Buyers

Rank Fund Capital Flow
1
CM
CastleKnight Management
New York
+$2.33M
2
Goldman Sachs
Goldman Sachs
New York
+$1.17M
3
Jacobs Levy Equity Management
Jacobs Levy Equity Management
New Jersey
+$1.15M
4
Vanguard Group
Vanguard Group
Pennsylvania
+$869K
5
Millennium Management
Millennium Management
New York
+$803K

Top Sellers

Rank Fund Capital Flow
1
Legal & General Group
Legal & General Group
United Kingdom
-$18.9M
2
Mackenzie Financial
Mackenzie Financial
Ontario, Canada
-$2.8M
3
UBS Group
UBS Group
Switzerland
-$1.46M
4
QC
Quadrature Capital
United Kingdom
-$410K
5
LFS
Leibman Financial Services
Nebraska
-$384K
Name Holding Trade Value Shares
Change 		Change in
Stake
AMH
1
Apollo Management Holdings
New York
$318M – – –
Mackenzie Financial
2
Mackenzie Financial
Ontario, Canada
$14.2M -$2.8M -1,160,726 -17%
BlackRock
3
BlackRock
New York
$12.5M +$763K +315,877 +7%
Vanguard Group
4
Vanguard Group
Pennsylvania
$11.6M +$869K +359,844 +8%
CM
5
CastleKnight Management
New York
$9M +$2.33M +966,048 +36%
Morgan Stanley
6
Morgan Stanley
New York
$4.43M +$554K +229,267 +15%
State Street
7
State Street
Massachusetts
$4.26M +$3.86K +1,598 +0.1%
Geode Capital Management
8
Geode Capital Management
Massachusetts
$4.1M -$30.5K -12,637 -0.7%
Renaissance Technologies
9
Renaissance Technologies
New York
$3.81M +$522K +216,300 +16%
D.E. Shaw & Co
10
D.E. Shaw & Co
New York
$2.88M +$20.9K +8,641 +0.7%
Jacobs Levy Equity Management
11
Jacobs Levy Equity Management
New Jersey
$2M +$1.15M +474,299 +139%
Goldman Sachs
12
Goldman Sachs
New York
$1.99M +$1.17M +483,255 +146%
Jane Street
13
Jane Street
New York
$1.89M +$402K +166,528 +27%
Federated Hermes
14
Federated Hermes
Pennsylvania
$1.89M +$3.55K +1,471 +0.2%
JP Morgan Chase
15
JP Morgan Chase
New York
$1.64M -$127K -52,440 -7%
Invesco
16
Invesco
Georgia
$1.47M -$382K -158,326 -21%
Charles Schwab
17
Charles Schwab
California
$1.45M +$101K +41,697 +8%
Northern Trust
18
Northern Trust
Illinois
$1.36M +$38.6K +15,987 +3%
Wells Fargo
19
Wells Fargo
California
$1.14M -$15.2K -6,296 -1%
CAM
20
ClariVest Asset Management
California
$1.13M – – –
Millennium Management
21
Millennium Management
New York
$872K +$803K +332,529 +1,426%
Citadel Advisors
22
Citadel Advisors
Florida
$729K +$716K +296,451 +23,547%
SIG
23
Sargent Investment Group
Maryland
$662K +$133K +55,000 +26%
Ameriprise
24
Ameriprise
Minnesota
$658K +$119K +49,158 +22%
AllianceBernstein
25
AllianceBernstein
Tennessee
$573K – – –
1
2 3 4 5

RXT Hedge Fund Activity: Q3 2024 in Review

95 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Rackspace Technology (RXT) for Q3 2024, worth a combined $413M — down 20% from $517M a quarter earlier.

Buyers outnumbered sellers: 18 funds opened new RXT positions and 10 closed out — a net gain of 8 holders — while 34 added to existing stakes and 24 trimmed.

The largest buyer was CastleKnight Management, adding an estimated $2.33M. The largest seller was Legal & General Group, cutting an estimated $18.9M.

  • 95 institutional investors held Rackspace Technology (RXT) as of Q3 2024, up from 88 in Q2 2024.
  • Funds reported $413M of Rackspace Technology stock for Q3 2024, down 20% quarter-over-quarter.
  • 18 funds opened new Rackspace Technology positions in Q3 2024 and 10 closed out, a net change of +8 holders.
  • The largest Rackspace Technology buyer in Q3 2024 was CastleKnight Management, an estimated $2.33M added.
  • The largest Rackspace Technology seller in Q3 2024 was Legal & General Group, an estimated $18.9M sold.

Based on aggregated 13F filings for Q3 2024.