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 ($9.5m this quarter). Holder counts are more reliable. Shares outstanding: 117.6m as of 2024-08-05, 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 ≈ $26.17. Options: 5 managers hold calls ($1.2m notional), 8 hold puts ($14.6m).
Trends to Q2 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 |
| Q2 2024 | 244 |
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 |
| Q2 2024 | 112 | 103 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $4.5m | $23.9m | 5.35 |
| Q4 2023 | $11.3m | $38.4m | 3.41 |
| Q1 2024 | $4.5m | $2.8m | 0.63 |
| Q2 2024 | $1.2m | $14.6m | 12.03 |
Biggest buyers
| MFN Partners Management, LP | Added | +1.7m |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. | Added | +1.5m |
| Driehaus Capital Management LLC | New | +763.5k |
| Balyasny Asset Management L.P. | New | +704.5k |
| Orbis Allan Gray Ltd | Added | +685.6k |
| FRONTIER CAPITAL MANAGEMENT CO LLC | Added | +254.2k |
| NATIXIS ADVISORS, LLC | Added | +242.4k |
| DIMENSIONAL FUND ADVISORS LP | Added | +176.0k |
| PRIMECAP MANAGEMENT CO/CA/ | Added | +175.3k |
| First Eagle Investment Management, LLC | New | +173.9k |
Biggest sellers
| MORGAN STANLEY | Reduced | -2.0m |
| FMR LLC | Reduced | -700.9k |
| SILVERCREST ASSET MANAGEMENT GROUP LLC | Sold out | -654.3k |
| BlackRock Inc. | Reduced | -417.0k |
| Epoch Investment Partners, Inc. | Reduced | -347.6k |
| JPMORGAN CHASE & CO | Reduced | -262.5k |
| Swedbank AB | Reduced | -241.0k |
| SG Capital Management LLC | Sold out | -213.9k |
| 683 Capital Management, LLC | Reduced | -210.0k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Reduced | -204.9k |
Biggest calls
| CITADEL ADVISORS LLC | Reduced | $588.4k22.5k shares |
| JANE STREET GROUP, LLC | Reduced | $421.0k16.1k shares |
| SIMPLEX TRADING, LLC | Reduced | $198.0k7.6k shares |
| GROUP ONE TRADING LLC | Reduced | $7.8k300 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| Walleye Trading LLC | Added | $5.4m204.8k shares |
| CITADEL ADVISORS LLC | Added | $2.8m105.9k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $2.5m94.2k shares |
| SIMPLEX TRADING, LLC | Added | $2.0m75.4k shares |
| Lighthouse Investment Partners, LLC | New | $1.2m47.2k shares |
| PEAK6 Investments LLC | New | $562.2k21.5k shares |
| GROUP ONE TRADING LLC | Added | $264.1k10.1k 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 Q2 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-05-09 | NANJI FARHAD +5 10% owner | Bought | $1.2k61 shares |
| 2024-05-06 | NANJI FARHAD +5 10% owner | Bought | $7.4k361 shares |
| 2024-05-03 | NANJI FARHAD +5 10% owner | Bought | $609.9k30.0k shares |
| 2024-05-02 | NANJI FARHAD +5 10% owner | Bought | $2.1m105.1k shares |
| 2024-04-25 | NANJI FARHAD +5 10% owner | Bought | $2.0m100.0k shares |
| 2024-04-24 | NANJI FARHAD +5 10% owner | Bought | $1.9m100.0k shares |
| 2024-04-23 | NANJI FARHAD +5 10% owner | Bought | $1.8m88.6k shares |
| 2024-04-22 | NANJI FARHAD +5 10% owner | Bought | $223.0k11.4k shares |
| 2024-04-19 | NANJI FARHAD +5 10% owner | Bought | $3.9m200.0k shares |
| 2024-04-18 | NANJI FARHAD +5 10% owner | Bought | $17.0m870.0k shares |
| 2024-04-17 | NANJI FARHAD +5 10% owner | Bought | $3.4m175.7k shares |
| 2024-04-16 | NANJI FARHAD +5 10% owner | Bought | $727.6k36.0k shares |
| 2024-04-12 | NANJI FARHAD +5 10% owner | Bought | $104.8k5.1k 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, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| BlackRock Inc. 0.01% of their portfolio | 17.8m $466.7m | Reduced -417.0k |
| Orbis Allan Gray Ltd 2.90% of their portfolio | 17.8m $465.1m | Added +685.6k |
| MFN Partners Management, LP 15.35% of their portfolio | 17.3m $452.7m | Added +1.7m |
| VANGUARD GROUP INC 0.01% of their portfolio | 13.3m $347.7m | Added +3.0k |
| STATE STREET CORP 0.01% of their portfolio | 4.5m $118.3m | Reduced -99.8k |
| Swedbank AB 0.11% of their portfolio | 3.3m $85.7m | Reduced -241.0k |
| Douglas Lane & Associates, LLC 1.00% of their portfolio | 2.7m $70.6m | Added +52.4k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 2.6m $68.4m | Added +83.4k |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.64% of their portfolio | 2.5m $64.3m | Added +254.2k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 2.0m $53.2m | Added +176.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 1.9m $50.5m | Added +69.6k |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 1.8m $48.2m | Added +38.1k |
| Hood River Capital Management LLC 0.89% of their portfolio | 1.6m $42.8m | Reduced -156.3k |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. 0.39% of their portfolio | 1.6m $42.6m | Added +1.5m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio | 1.5m $40.5m | Reduced -204.9k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 1.5m $39.5m | Added +38.5k |
| FRED ALGER MANAGEMENT, LLC 0.17% of their portfolio | 1.3m $34.7m | Reduced -49.9k |
| MORGAN STANLEY 0.00% of their portfolio | 1.2m $32.6m | Reduced -2.0m |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.13% of their portfolio | 1.2m $30.6m | Added +78.3k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.1m $29.2m | Reduced -38.4k |
| PRIMECAP MANAGEMENT CO/CA/ 0.02% of their portfolio | 1.0m $26.7m | Added +175.3k |
| NORGES BANK 0.00% of their portfolio | 992.0k $25.9m | Reduced -97.2k |
| Divisar Capital Management LLC 4.86% of their portfolio | 981.6k $25.7m | Reduced -98.4k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 874.9k $22.9m | Added +7.3k |
| Driehaus Capital Management LLC 0.19% of their portfolio | 763.5k $20.0m | New |
| FIL Ltd 0.02% of their portfolio | 750.6k $19.6m | Reduced -47.0k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 726.2k $19.0m | Added +113.9k |
| Balyasny Asset Management L.P. 0.05% of their portfolio | 704.5k $18.4m | New |
| Penn Capital Management Company, LLC 1.57% of their portfolio | 628.7k $16.5m | Added +5.0k |
| Motley Fool Wealth Management, LLC 0.82% of their portfolio | 616.0k $16.2m | Added +11.4k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 584.1k $15.3m | Reduced -25.4k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 574.8k $15.0m | Reduced -10.3k |
| Invesco Ltd. 0.00% of their portfolio | 521.4k $13.6m | Reduced -2.6k |
| EMERALD ADVISERS, LLC 0.49% of their portfolio | 443.4k $11.6m | Added +1.8k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 432.8k $11.3m | Added +8 |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 399.7k $10.5m | Reduced -100.7k |
| Motley Fool Asset Management LLC 0.67% of their portfolio | 373.7k $10.1m | Reduced -26.0k |
| NATIXIS ADVISORS, LLC 0.02% of their portfolio | 363.5k $9.5m | Added +242.4k |
| EMERALD MUTUAL FUND ADVISERS TRUST 0.49% of their portfolio | 356.0k $9.3m | Unchanged |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 348.0k $9.1m | Added +33.0k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 338.1k $8.8m | Reduced -2.7k |
| Legal & General Group Plc 0.00% of their portfolio | 324.9k $8.5m | Reduced -7.0k |
| RICE HALL JAMES & ASSOCIATES, LLC 0.50% of their portfolio | 320.0k $8.4m | Reduced -36.2k |
| BARCLAYS PLC 0.00% of their portfolio | 318.3k $8.3m | Added +26.1k |
| INTRINSIC EDGE CAPITAL MANAGEMENT LLC 0.80% of their portfolio | 317.0k $8.3m | Reduced -168.1k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 316.8k $8.3m | Reduced -262.5k |
| WINTON GROUP Ltd 0.53% of their portfolio | 300.3k $7.9m | Added +109.3k |
| 683 Capital Management, LLC 0.80% of their portfolio | 290.0k $7.6m | Reduced -210.0k |
| Public Sector Pension Investment Board 0.04% of their portfolio | 258.6k $6.8m | Added +18.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 243.2k $6.4m | Added +137.5k |
| Swiss National Bank 0.00% of their portfolio | 230.6k $6.0m | Unchanged |
| State of Alaska, Department of Revenue 0.06% of their portfolio | 203.8k $5.3m | Reduced -2.3k |
| Hauser Brothers GmbH 4.36% of their portfolio | 202.1k $5.3m | Unchanged |
| California Public Employees Retirement System 0.00% of their portfolio | 194.6k $5.1m | Added +467 |
| KIRR MARBACH & CO LLC /IN/ 1.19% of their portfolio | 189.7k $5.0m | Added +2.9k |
| COMERICA BANK 0.02% of their portfolio | 181.0k $4.7m | Added +10.6k |
| First Eagle Investment Management, LLC 0.01% of their portfolio | 173.9k $4.5m | New |
| UBS Group AG 0.00% of their portfolio | 173.3k $4.5m | Added +31.1k |
| Allianz Asset Management GmbH 0.01% of their portfolio | 166.9k $4.4m | Added +38.8k |
| Informed Momentum Co LLC 0.68% of their portfolio | 160.6k $4.2m | New |
| Lagoda Investment Management, L.P. 2.39% of their portfolio | 159.0k $4.2m | Reduced -3.3k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 154.8k $4.0m | Reduced -2.5k |
| MOORE CAPITAL MANAGEMENT, LP 0.08% of their portfolio | 139.3k $3.6m | New |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 137.6k $3.6m | Added +1.0k |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 126.0k $3.3m | Reduced -4.7k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 114.6k $3.0m | Reduced -2.3k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 113.4k $3.0m | Reduced -9.7k |
| SG Americas Securities, LLC 0.02% of their portfolio | 104.0k $2.7m | Added +97.1k |
| PDT Partners, LLC 0.25% of their portfolio | 102.3k $2.7m | Added +14.2k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 100.2k $2.6m | Added +77.9k |
| Thrivent Financial for Lutherans 0.01% of their portfolio | 97.6k $2.6m | Reduced -3.9k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 95.7k $2.5m | Reduced -11.2k |
| State of New Jersey Common Pension Fund D 0.01% of their portfolio | 94.9k $2.5m | Reduced -35.4k |
| CITIGROUP INC 0.00% of their portfolio | 84.7k $2.2m | Added +6.4k |
| Boston Partners 0.00% of their portfolio | 83.8k $2.2m | Added +41.3k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 81.2k $2.1m | Added +5.4k |
| Aperture Investors, LLC 0.29% of their portfolio | 76.1k $2.0m | Added +1.5k |
| MARSHALL WACE, LLP 0.00% of their portfolio | 68.5k $1.8m | New |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 67.8k $1.8m | Reduced -9.6k |
| Corebridge Financial, Inc. 0.01% of their portfolio | 67.7k $1.8m | First filing |
| MetLife Investment Management, LLC 0.01% of their portfolio | 67.5k $1.8m | Added +5.9k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 67.4k $1.8m | Reduced -6.4k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 65.9k $1.7m | Added +2.4k |
| EFG Asset Management (North America) Corp. 0.29% of their portfolio | 63.5k $1.7m | Reduced -14.1k |
| Illinois Municipal Retirement Fund 0.02% of their portfolio | 61.1k $1.6m | Reduced -8.1k |
| Louisiana State Employees Retirement System 0.03% of their portfolio | 59.1k $1.5m | Added +1.1k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 58.6k $1.5m | First filing |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 55.7k $1.5m | Reduced -595 |
| SOUTHEASTERN ASSET MANAGEMENT INC/TN/ 0.06% of their portfolio | 54.0k $1.4m | Added +10.2k |
| Epoch Investment Partners, Inc. 0.01% of their portfolio | 53.5k $1.4m | Reduced -347.6k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 52.7k $1.4m | Reduced -8.5k |
| State of Tennessee, Department of Treasury 0.01% of their portfolio | 52.6k $1.4m | Reduced -3.8k |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 51.2k $1.3m | Reduced -38.2k |
| Ensign Peak Advisors, Inc 0.00% of their portfolio | 50.2k $1.3m | Unchanged |
| YOUSIF CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 47.3k $1.2m | Reduced -5.8k |
| FORMULA GROWTH LTD 0.43% of their portfolio | 45.0k $1.2m | Unchanged |
| US BANCORP \DE\ 0.00% of their portfolio | 44.5k $1.2m | Added +4.5k |
| ROYCE & ASSOCIATES LP 0.01% of their portfolio | 44.0k $1.2m | Added +19.0k |
| Maryland State Retirement & Pension System 0.02% of their portfolio | 41.0k $1.1m | Reduced -1.2k |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 40.7k $1.1m | Reduced -62 |