RXO INC RXO
COMMON STOCK · Common Stock · CUSIP 74982T103 · ISIN US74982T1034
- SectorIndustrials
- IndustryTransportation Services
- HeadquartersCharlotte, NC
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($5.4m this quarter). Holder counts are more reliable. Shares outstanding: 164.9m as of 2026-08-04, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $27.58. Options: 11 managers hold calls ($24.0m notional), 9 hold puts ($30.0m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q4 2022 | 295 |
| Q1 2023 | 283 |
| Q2 2023 | 277 |
| Q3 2023 | 252 |
| Q4 2023 | 257 |
| Q1 2024 | 242 |
| Q2 2024 | 244 |
| Q3 2024 | 282 |
| Q4 2024 | 281 |
| Q1 2025 | 259 |
| Q2 2025 | 271 |
| Q3 2025 | 266 |
| Q4 2025 | 270 |
| Q1 2026 | 277 |
| Q2 2026 | 304 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 162 | 77 |
| Q4 2024 | 142 | 96 |
| Q1 2025 | 116 | 126 |
| Q2 2025 | 148 | 111 |
| Q3 2025 | 140 | 115 |
| Q4 2025 | 116 | 145 |
| Q1 2026 | 140 | 117 |
| Q2 2026 | 159 | 113 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $1.8m | $15.7m | 8.96 |
| Q4 2025 | $4.4m | $4.2m | 0.96 |
| Q1 2026 | $505.9k | $19.1m | 37.69 |
| Q2 2026 | $24.0m | $30.0m | 1.25 |
Biggest buyers
| Maple Rock Capital Partners Inc. | New | +2.6m |
| Hood River Capital Management LLC | Added | +2.0m |
| BlackRock, Inc. | Added | +969.9k |
| GOLDMAN SACHS GROUP INC | Added | +874.2k |
| Driehaus Capital Management LLC | New | +768.6k |
| EMERALD ADVISERS, LLC | Added | +736.0k |
| Mawer Investment Management Ltd. | New | +657.3k |
| FEDERATED HERMES, INC. | New | +653.5k |
| Encompass Capital Advisors LLC | New | +610.8k |
| D. E. Shaw & Co., Inc. | New | +542.4k |
Biggest sellers
| Finepoint Capital LP | Reduced | -4.7m |
| FIL Ltd | Reduced | -3.9m |
| FRONTIER CAPITAL MANAGEMENT CO LLC | Reduced | -1.6m |
| UBS Group AG | Reduced | -1.2m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Reduced | -1.0m |
| KENNEDY CAPITAL MANAGEMENT LLC | Reduced | -587.8k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Sold out | -454.7k |
| Divisar Capital Management LLC | Reduced | -390.0k |
| Penn Capital Management Company, LLC | Reduced | -372.6k |
| MARSHALL WACE, LLP | Reduced | -295.9k |
Biggest calls
| GOLDMAN SACHS GROUP INC | New | $12.3m444.2k shares |
| JANE STREET GROUP, LLC | Added | $3.0m110.5k shares |
| CITADEL ADVISORS LLC | New | $2.9m105.0k shares |
| Caption Management, LLC | New | $2.2m79.7k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $1.7m63.1k shares |
| SIMPLEX TRADING, LLC | Added | $615.3k22.3k shares |
| PEAK6 LLC | New | $408.3k14.8k shares |
| IMC-Chicago, LLC | New | $325.6k11.8k shares |
| Walleye Capital LLC | New | $237.3k8.6k shares |
| GROUP ONE TRADING LLC | New | $226.2k8.2k shares |
Biggest puts
| LMR Partners LLP | New | $11.2m405.3k shares |
| GROUP ONE TRADING LLC | Reduced | $5.7m207.6k shares |
| Walleye Trading LLC | Reduced | $4.4m160.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $2.8m102.6k shares |
| INTRINSIC EDGE CAPITAL MANAGEMENT LLC | New | $2.8m100.0k shares |
| CITADEL ADVISORS LLC | Added | $2.1m75.2k shares |
| SIMPLEX TRADING, LLC | Reduced | $767.0k27.8k shares |
| IMC-Chicago, LLC | New | $234.5k8.5k shares |
| Walleye Capital LLC | New | $2.8k100 shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| ORBIS INVESTMENT MANAGEMENT LTD 13G · institution +1.0 pts · filed 2026-05-15 | 21.1% |
MFN Partners, LP
13D · may seek influence
+0.1 pts · filed 2026-10-05
Stated purposeThe Reporting Persons filed an initial Schedule 13G on February 10, 2023, which was amended on February 12, 2024; August 14, 2024; November 13, 2024 and February 12, 2025 (together, the "Schedule 13G"), with respect to the Issuer. All of the Common Stock of the Issuer reported on this Schedule 13D was acquired in the ordinary course of business for investment purposes by the Reporting Persons. Voting Agreement On October 4, 2026, the Issuer entered into an Agreement and Plan of Merger (the "Merger Agreement"), by and among the Issuer, C.H. Robinson Worldwide, Inc., a Delaware Corporation ("Parent"), Rover Merger Sub Inc., a Delaware corporation ("Merger Sub 1") and Viking Logistics LLC, a Delaware limited liability company ("NewCo"), pursuant to which pursuant to which (among other thin… Full filing |
19.3% |
| BlackRock, Inc. 13G · institution filed 2025-02-05 | 14.0% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.5% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 5.2% |
Fell to 5% or below in the last year: Finepoint Capital LP (3.2%, 2026-08-13), VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC), WELLINGTON MANAGEMENT GROUP LLP (2.9%, 2026-02-10)
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 1 | $50.2k | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 1 | $250.2k | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 4 | $589.4k | 1 | $385.8k | — |
| Q1 2026 | 0 | — | 0 | — | — |
| Q2 2026 | 0 | — | 0 | — | — |
| Q3 2026 | 0 | — | 0 | — | — |
None reported since 1 Apr 2026.
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| Orbis Allan Gray Ltd 3.45% of their portfolio | 36.4m $1.0bn | Unchanged |
| MFN Partners Management, LP 16.04% of their portfolio | 28.1m $775.6m | Unchanged |
| BlackRock, Inc. 0.01% of their portfolio | 25.1m $693.5m | Added +969.9k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.01% of their portfolio | 9.3m $256.3m | Added +256.0k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 7.4m $205.0m | Added +60.4k |
| STATE STREET CORP 0.01% of their portfolio | 6.7m $183.7m | Added +89.9k |
| Hood River Capital Management LLC 1.30% of their portfolio | 6.5m $178.7m | Added +2.0m |
| Finepoint Capital LP 32.05% of their portfolio | 5.4m $147.8m | Reduced -4.7m |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 4.3m $117.8m | Added +282.2k |
| Douglas Lane & Associates, LLC 1.25% of their portfolio | 3.3m $92.3m | Reduced -160.2k |
| FIL Ltd 0.05% of their portfolio | 2.6m $72.4m | Reduced -3.9m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 2.6m $72.1m | Added +7.8k |
| Maple Rock Capital Partners Inc. 1.40% of their portfolio | 2.6m $71.3m | New |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 2.4m $67.4m | Added +392.4k |
| Boston Partners 0.05% of their portfolio | 2.2m $60.9m | Reduced -289.4k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 2.0m $54.7m | Added +874.2k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 1.7m $47.2m | Added +212.5k |
| MORGAN STANLEY 0.00% of their portfolio | 1.7m $47.1m | Added +457.3k |
| Invesco Ltd. 0.00% of their portfolio | 1.2m $33.5m | Reduced -149.0k |
| EMERALD ADVISERS, LLC 0.76% of their portfolio | 1.2m $32.4m | Added +736.0k |
| KENNEDY CAPITAL MANAGEMENT LLC 0.54% of their portfolio | 1.1m $30.6m | Reduced -587.8k |
| VANGUARD FIDUCIARY TRUST CO 0.01% of their portfolio | 1.1m $30.3m | Added +31.5k |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.26% of their portfolio | 1.0m $28.3m | Reduced -1.6m |
| Swedbank AB 0.02% of their portfolio | 979.0k $27.0m | Reduced -179.0k |
| Penn Capital Management Company, LLC 1.71% of their portfolio | 975.0k $27.0m | Reduced -372.6k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 971.0k $26.8m | Added +9.4k |
| UBS Group AG 0.00% of their portfolio | 909.1k $25.1m | Reduced -1.2m |
| Russell Investments Group, Ltd. 0.02% of their portfolio | 893.7k $24.7m | Added +135.6k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 807.1k $22.3m | Added +100.6k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 797.5k $22.0m | Reduced -779 |
| Driehaus Capital Management LLC 0.12% of their portfolio | 768.6k $21.2m | New |
| EMERALD MUTUAL FUND ADVISERS TRUST 0.74% of their portfolio | 761.0k $21.0m | Added +485.1k |
| Divisar Capital Management LLC 4.21% of their portfolio | 662.5k $18.3m | Reduced -390.0k |
| Mawer Investment Management Ltd. 0.12% of their portfolio | 657.3k $18.1m | New |
| NEW YORK STATE COMMON RETIREMENT FUND 0.02% of their portfolio | 653.7k $18.0m | Reduced -228.9k |
| FEDERATED HERMES, INC. 0.03% of their portfolio | 653.5k $18.0m | New |
| Encompass Capital Advisors LLC 0.73% of their portfolio | 610.8k $16.9m | New |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 605.6k $16.7m | Reduced -118.5k |
| ROYCE & ASSOCIATES LP 0.13% of their portfolio | 573.2k $15.8m | Added +110.2k |
| Public Sector Pension Investment Board 0.04% of their portfolio | 566.6k $15.6m | Reduced -20.8k |
| PRIMECAP MANAGEMENT CO/CA/ 0.01% of their portfolio | 565.5k $15.6m | Reduced -37.5k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 542.4k $15.0m | New |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 514.7k $14.0m | Reduced -119.5k |
| Nuveen, LLC 0.00% of their portfolio | 508.3k $14.0m | Added +26.0k |
| ANCHOR CAPITAL MANAGEMENT COMPANY, LLC 14.36% of their portfolio | 504.8k $13.9m | New |
| PICTON MAHONEY ASSET MANAGEMENT 0.11% of their portfolio | 451.1k $12.4m | Reduced -83.0k |
| Cornerstone Wealth Group, LLC 0.73% of their portfolio | 444.3k $12.3m | Added +168.9k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 418.2k $11.5m | Reduced -32.3k |
| ArrowMark Colorado Holdings LLC 0.46% of their portfolio | 397.2k $11.0m | New |
| Legal & General Group Plc 0.00% of their portfolio | 360.4k $9.9m | Added +45.0k |
| FRED ALGER MANAGEMENT, LLC 0.03% of their portfolio | 352.1k $9.7m | Reduced -157.5k |
| INTRINSIC EDGE CAPITAL MANAGEMENT LLC 1.16% of their portfolio | 340.0k $9.4m | Added +90.0k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 311.8k $8.7m | Added +165.5k |
| Attestor Capital Ltd 2.25% of their portfolio | 285.6k $7.9m | Unchanged |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 260.1k $7.2m | Reduced -10.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 231.2k $6.4m | Added +37.6k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 204.2k $3.0m | Added +11.1k |
| Swiss National Bank 0.00% of their portfolio | 198.3k $5.5m | Reduced -11.9k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 194.9k $5.4m | Added +27.2k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 187.9k $5.2m | Reduced -57.7k |
| New Age Alpha Advisors, LLC 0.21% of their portfolio | 178.2k $4.9m | Reduced -108.2k |
| PRUDENTIAL FINANCIAL INC 0.01% of their portfolio | 171.7k $4.7m | Added +2.7k |
| Man Group plc 0.01% of their portfolio | 164.3k $4.5m | Added +70.5k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 157.2k $4.3m | Added +83.7k |
| Edgestream Partners, L.P. 0.12% of their portfolio | 143.7k $4.0m | Added +16.3k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 117.9k $3.3m | Added +6.5k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 113.9k $3.1m | Reduced -22.5k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio | 108.5k $3.0m | Added +18 |
| Thrivent Financial for Lutherans 0.01% of their portfolio | 108.3k $3.0m | Reduced -1.3k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 102.9k $2.8m | New |
| MetLife Investment Management, LLC 0.01% of their portfolio | 97.9k $2.7m | Added +8.4k |
| CITIGROUP INC 0.00% of their portfolio | 97.3k $2.7m | Reduced -73.6k |
| Vestmark Advisory Solutions, Inc. 0.02% of their portfolio | 90.9k $2.5m | Reduced -5.8k |
| Quantinno Capital Management LP 0.00% of their portfolio | 86.8k $2.4m | Added +6.6k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 82.6k $2.3m | Added +7.9k |
| Treasurer of the State of North Carolina 0.01% of their portfolio | 81.1k $2.2m | New |
| Illinois Municipal Retirement Fund 0.02% of their portfolio | 77.3k $2.1m | Reduced -27.9k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 77.3k $2.1m | Added +967 |
| Louisiana State Employees Retirement System 0.03% of their portfolio | 72.3k $2.0m | Reduced -500 |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 68.8k $1.9m | Added +14.3k |
| FMR LLC 0.00% of their portfolio | 66.4k $1.8m | Reduced -24.8k |
| State of Alaska, Department of Revenue 0.02% of their portfolio | 64.7k $1.8m | Reduced -26.6k |
| Vanguard Global Advisers, LLC 0.00% of their portfolio | 63.2k $1.7m | Reduced -1.9k |
| Aperture Investors, LLC 0.18% of their portfolio | 62.9k $1.7m | Reduced -14.1k |
| Aquatic Capital Management LLC 0.06% of their portfolio | 60.5k $1.7m | New |
| State of Tennessee, Department of Treasury 0.00% of their portfolio | 60.3k $1.7m | Added +23.0k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 60.2k $1.7m | Added +17.9k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.00% of their portfolio | 54.6k $1.5m | Reduced -1.0m |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 53.8k $1.5m | Added +17.8k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 51.4k $1.4m | Reduced -81.9k |
| FIFTH THIRD BANCORP 0.00% of their portfolio | 51.4k $1.4m | Reduced -94.8k |
| Rialto Wealth Management, LLC 0.27% of their portfolio | 49.5k $1.4m | Unchanged |
| Police & Firemen's Retirement System of New Jersey 0.01% of their portfolio | 49.5k $1.4m | Added +6.5k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio | 48.9k $1.3m | Unchanged |
| OPPENHEIMER & CO INC 0.01% of their portfolio | 48.0k $1.3m | Reduced -1.8k |
| Jupiter Topco LLC 0.00% of their portfolio | 46.5k $1.3m | First filing |
| Handelsbanken Fonder AB 0.00% of their portfolio | 46.4k $1.3m | Reduced -300 |
| State of New Jersey Common Pension Fund D 0.00% of their portfolio | 46.0k $1.3m | New |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.00% of their portfolio | 45.4k $1.3m | New |
| YOUSIF CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 44.5k $1.2m | Added +302 |