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 ($766.9k this quarter). Holder counts are more reliable. Shares outstanding: 117.5m as of 2024-05-03, 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 ≈ $21.87. Options: 7 managers hold calls ($4.5m notional), 6 hold puts ($2.8m).
Trends to Q1 2024
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 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q1 2023 | 136 | 149 |
| Q2 2023 | 122 | 125 |
| Q3 2023 | 88 | 123 |
| Q4 2023 | 92 | 112 |
| Q1 2024 | 93 | 124 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2023 | $13.7m | $8.6m | 0.63 |
| Q3 2023 | $4.5m | $23.9m | 5.35 |
| Q4 2023 | $11.3m | $38.4m | 3.41 |
| Q1 2024 | $4.5m | $2.8m | 0.63 |
Biggest buyers
| MFN Partners Management, LP | Added | +2.6m |
| MORGAN STANLEY | Added | +840.5k |
| Penn Capital Management Company, LLC | New | +623.8k |
| FRONTIER CAPITAL MANAGEMENT CO LLC | Added | +418.5k |
| NEW YORK STATE COMMON RETIREMENT FUND | Added | +386.2k |
| Swedbank AB | Added | +300.6k |
| Hood River Capital Management LLC | Added | +226.0k |
| BERYLSON CAPITAL PARTNERS, LLC | New | +166.3k |
| RENAISSANCE TECHNOLOGIES LLC | New | +131.8k |
| Divisar Capital Management LLC | Added | +131.7k |
Biggest sellers
| FMR LLC | Reduced | -2.0m |
| Crestline Management, L.P. | Sold out | -355.7k |
| INTRINSIC EDGE CAPITAL MANAGEMENT LLC | Reduced | -312.5k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -273.4k |
| Point72 Asset Management, L.P. | Sold out | -217.5k |
| BlackRock Inc. | Reduced | -210.6k |
| Advantage Alpha Capital Partners LP | Sold out | -202.1k |
| Nuveen Asset Management, LLC | Reduced | -174.4k |
| TWO SIGMA ADVISERS, LP | Reduced | -140.4k |
| TWO SIGMA INVESTMENTS, LP | Sold out | -98.7k |
Biggest calls
| CITADEL ADVISORS LLC | Reduced | $1.7m77.6k shares |
| SIMPLEX TRADING, LLC | Added | $1.1m50.5k shares |
| Walleye Trading LLC | Added | $699.8k32.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $492.1k22.5k shares |
| JANE STREET GROUP, LLC | New | $422.1k19.3k shares |
| GROUP ONE TRADING LLC | Reduced | $80.9k3.7k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $1.1m48.4k shares |
| Walleye Trading LLC | Reduced | $914.2k41.8k shares |
| CITADEL ADVISORS LLC | Reduced | $772.0k35.3k shares |
| SIMPLEX TRADING, LLC | Reduced | $65.0k3.0k shares |
| GROUP ONE TRADING LLC | Reduced | $24.1k1.1k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 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 in Q1 2024
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 |
|---|---|---|---|---|---|
| Q2 2022 | 0 | — | 0 | — | — |
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 0 | — | 0 | — | — |
| Q2 2023 | 0 | — | 0 | — | — |
| Q3 2023 | 1 | $200.5k | 0 | — | — |
| Q4 2023 | 3 | $282.5k | 0 | — | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-02-09 | NANJI FARHAD +5 10% owner | Bought | $18.5m913.2k shares |
| 2024-02-08 | NANJI FARHAD +5 10% owner | Bought | $19.4m919.7k shares |
| 2024-02-02 | NANJI FARHAD +5 10% owner | Bought | $15.1m747.4k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q1 2024
| Manager | Shares | Change |
|---|---|---|
| BlackRock Inc. 0.01% of their portfolio | 18.3m $399.5m | Reduced -210.6k |
| Orbis Allan Gray Ltd 2.24% of their portfolio | 17.1m $374.0m | Added +18.9k |
| MFN Partners Management, LP 9.68% of their portfolio | 15.6m $340.9m | Added +2.6m |
| VANGUARD GROUP INC 0.01% of their portfolio | 13.3m $290.8m | Added +46.0k |
| STATE STREET CORP 0.00% of their portfolio | 4.6m $101.1m | Added +32.0k |
| Swedbank AB 0.11% of their portfolio | 3.5m $77.0m | Added +300.6k |
| MORGAN STANLEY 0.00% of their portfolio | 3.3m $72.0m | Added +840.5k |
| Douglas Lane & Associates, LLC 0.82% of their portfolio | 2.6m $57.9m | Added +66.8k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 2.5m $55.3m | Added +80.1k |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.45% of their portfolio | 2.2m $48.3m | Added +418.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 1.9m $40.7m | Added +38.4k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 1.9m $40.6m | Reduced -12.7k |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 1.8m $39.5m | Added +28.3k |
| Hood River Capital Management LLC 0.87% of their portfolio | 1.8m $39.2m | Added +226.0k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio | 1.8m $38.4m | Reduced -6.5k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 1.5m $32.2m | Reduced -83.1k |
| FRED ALGER MANAGEMENT, LLC 0.15% of their portfolio | 1.4m $30.1m | Reduced -24.1k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.2m $25.3m | Reduced -32.6k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.11% of their portfolio | 1.1m $23.9m | Reduced -5.3k |
| NORGES BANK 0.00% of their portfolio | 1.1m $23.8m | Added +46.7k |
| Divisar Capital Management LLC 4.54% of their portfolio | 1.1m $23.6m | Added +131.7k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 867.7k $19.0m | Reduced -55.7k |
| PRIMECAP MANAGEMENT CO/CA/ 0.01% of their portfolio | 845.6k $18.5m | Added +16.6k |
| FIL Ltd 0.02% of their portfolio | 797.7k $17.4m | Reduced -28.0k |
| FMR LLC 0.00% of their portfolio | 709.7k $15.5m | Reduced -2.0m |
| SILVERCREST ASSET MANAGEMENT GROUP LLC 0.10% of their portfolio | 654.3k $14.3m | Added +2.9k |
| Penn Capital Management Company, LLC 1.22% of their portfolio | 623.8k $13.7m | New |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 612.3k $13.4m | Added +7.6k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 609.5k $13.3m | Added +838 |
| Motley Fool Wealth Management, LLC 0.68% of their portfolio | 604.6k $13.2m | Reduced -6.9k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 585.2k $12.8m | Reduced -174.4k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 579.3k $12.7m | Added +41.2k |
| Invesco Ltd. 0.00% of their portfolio | 524.0k $11.5m | Reduced -21.0k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 500.4k $10.9m | Added +122.7k |
| 683 Capital Management, LLC 1.12% of their portfolio | 500.0k $10.9m | Reduced -90.0k |
| INTRINSIC EDGE CAPITAL MANAGEMENT LLC 0.90% of their portfolio | 485.0k $10.6m | Reduced -312.5k |
| EMERALD ADVISERS, LLC 0.39% of their portfolio | 441.6k $9.7m | Added +5.3k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 432.8k $9.5m | Added +386.2k |
| Epoch Investment Partners, Inc. 0.04% of their portfolio | 401.1k $8.8m | Reduced -1.9k |
| Motley Fool Asset Management LLC 0.57% of their portfolio | 399.7k $8.7m | Reduced -8.2k |
| RICE HALL JAMES & ASSOCIATES, LLC 0.44% of their portfolio | 356.2k $7.8m | Reduced -12.8k |
| EMERALD MUTUAL FUND ADVISERS TRUST 0.41% of their portfolio | 356.0k $7.8m | Unchanged |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 340.9k $7.5m | Reduced -677 |
| Legal & General Group Plc 0.00% of their portfolio | 331.9k $7.3m | Added +2.3k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 315.1k $6.9m | Added +30.2k |
| BARCLAYS PLC 0.00% of their portfolio | 292.2k $6.4m | Reduced -48.5k |
| Public Sector Pension Investment Board 0.04% of their portfolio | 239.9k $5.2m | Reduced -2.9k |
| Swiss National Bank 0.00% of their portfolio | 230.6k $5.0m | Unchanged |
| SG Capital Management LLC 1.53% of their portfolio | 213.9k $4.7m | Added +124.5k |
| State of Alaska, Department of Revenue 0.05% of their portfolio | 206.1k $4.5m | Reduced -657 |
| Hauser Brothers GmbH 3.25% of their portfolio | 202.1k $4.4m | Reduced -37.0k |
| California Public Employees Retirement System 0.00% of their portfolio | 194.1k $4.2m | Added +4.7k |
| WINTON GROUP Ltd 0.29% of their portfolio | 190.9k $4.2m | Added +24.4k |
| KIRR MARBACH & CO LLC /IN/ 0.98% of their portfolio | 186.8k $4.1m | Reduced -2.2k |
| COMERICA BANK 0.02% of their portfolio | 170.4k $3.7m | Added +117.0k |
| BERYLSON CAPITAL PARTNERS, LLC 7.28% of their portfolio | 166.3k $3.6m | New |
| Lagoda Investment Management, L.P. 2.18% of their portfolio | 162.3k $3.5m | Added +3.8k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 157.3k $3.4m | Added +35.4k |
| CREDIT SUISSE AG/ 0.00% of their portfolio | 149.6k $3.3m | Reduced -5.1k |
| UBS Group AG 0.00% of their portfolio | 142.2k $3.1m | Added +1.6k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 136.5k $3.0m | Reduced -8.0k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 131.8k $2.9m | New |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 130.7k $2.9m | Reduced -3.1k |
| State of New Jersey Common Pension Fund D 0.01% of their portfolio | 130.3k $2.9m | Added +9.1k |
| Allianz Asset Management GmbH 0.00% of their portfolio | 128.1k $2.8m | Added +67.9k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 123.1k $2.7m | Unchanged |
| NATIXIS ADVISORS, LLC 0.01% of their portfolio | 121.1k $2.6m | Added +87.3k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 116.9k $2.6m | Reduced -6.4k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio | 108.8k $2.1m | Added +75.4k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 106.9k $2.3m | Reduced -21.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 105.6k $2.3m | Reduced -13.3k |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. 0.02% of their portfolio | 104.4k $2.3m | New |
| TEXAS PERMANENT SCHOOL FUND CORP 0.02% of their portfolio | 102.4k $2.2m | Added +1.3k |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 101.5k $2.2m | Reduced -2.7k |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 89.4k $2.0m | Reduced -2.1k |
| PDT Partners, LLC 0.18% of their portfolio | 88.1k $1.9m | Added +42.8k |
| CITIGROUP INC 0.00% of their portfolio | 78.3k $1.7m | Added +8.3k |
| EFG Asset Management (North America) Corp. 0.29% of their portfolio | 77.6k $1.7m | Added +39.4k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 77.4k $1.7m | Reduced -2.4k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 75.8k $1.7m | Added +1.7k |
| Aperture Investors, LLC 0.21% of their portfolio | 74.6k $1.6m | New |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 73.8k $1.6m | Reduced -6.1k |
| Illinois Municipal Retirement Fund 0.02% of their portfolio | 69.2k $1.5m | Added +543 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 63.4k $1.4m | Added +5.7k |
| AMERICAN INTERNATIONAL GROUP, INC. 0.00% of their portfolio | 62.7k $1.4m | Reduced -560 |
| MetLife Investment Management, LLC 0.01% of their portfolio | 61.5k $1.3m | Unchanged |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 61.1k $1.3m | Reduced -1.2k |
| Louisiana State Employees Retirement System 0.02% of their portfolio | 58.0k $1.3m | Reduced -500 |
| State of Tennessee, Department of Treasury 0.00% of their portfolio | 56.4k $1.2m | Reduced -7.7k |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 56.3k $1.2m | Added +1 |
| GSA CAPITAL PARTNERS LLP 0.10% of their portfolio | 56.0k $1.2m | Added +45.5k |
| YOUSIF CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 53.1k $1.2m | Reduced -5.0k |
| Ensign Peak Advisors, Inc 0.00% of their portfolio | 50.2k $1.1m | Reduced -2.5k |
| FORMULA GROWTH LTD 0.31% of their portfolio | 45.0k $984.1k | Unchanged |
| SOUTHEASTERN ASSET MANAGEMENT INC/TN/ 0.04% of their portfolio | 43.7k $956.4k | Unchanged |
| Independent Advisor Alliance 0.03% of their portfolio | 43.5k $950.9k | Added +13.9k |
| Boston Partners 0.00% of their portfolio | 42.5k $930.0k | Added +25.5k |
| Maryland State Retirement & Pension System 0.02% of their portfolio | 42.2k $819.3k | Reduced -354 |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 40.7k $890.5k | Added +2.2k |
| US BANCORP \DE\ 0.00% of their portfolio | 40.0k $874.8k | Reduced -5.3k |