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 ($14.1m this quarter). Holder counts are more reliable. Shares outstanding: 160.8m as of 2024-11-05, 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 ≈ $28.00. Options: 9 managers hold calls ($4.8m notional), 7 hold puts ($1.1m).
Trends to Q3 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 |
| Q3 2024 | 282 |
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 |
| Q3 2024 | 162 | 77 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2023 | $11.3m | $38.4m | 3.41 |
| Q1 2024 | $4.5m | $2.8m | 0.63 |
| Q2 2024 | $1.2m | $14.6m | 12.03 |
| Q3 2024 | $4.8m | $1.1m | 0.23 |
Biggest buyers
| Orbis Allan Gray Ltd | Added | +10.8m |
| MFN Partners Management, LP | Added | +10.3m |
| FIL Ltd | Added | +5.0m |
| VANGUARD GROUP INC | Added | +1.9m |
| Balyasny Asset Management L.P. | Added | +1.5m |
| MACQUARIE GROUP LTD | New | +1.2m |
| Hood River Capital Management LLC | Added | +1.1m |
| LOOMIS SAYLES & CO L P | New | +998.7k |
| Zimmer Partners, LP | New | +810.0k |
| Ghisallo Capital Management LLC | New | +785.2k |
Biggest sellers
| FRONTIER CAPITAL MANAGEMENT CO LLC | Reduced | -746.7k |
| JACOBS LEVY EQUITY MANAGEMENT, INC | Reduced | -635.6k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Reduced | -519.0k |
| RICE HALL JAMES & ASSOCIATES, LLC | Sold out | -320.0k |
| PRIMECAP MANAGEMENT CO/CA/ | Reduced | -298.7k |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -278.8k |
| WINTON GROUP Ltd | Reduced | -168.6k |
| Informed Momentum Co LLC | Sold out | -160.6k |
| AMERICAN CENTURY COMPANIES INC | Sold out | -154.8k |
| Swedbank AB | Reduced | -153.0k |
Biggest calls
| PEAK6 Investments LLC | New | $2.2m80.2k shares |
| CITADEL ADVISORS LLC | Added | $1.1m38.9k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $481.6k17.2k shares |
| JANE STREET GROUP, LLC | Reduced | $428.4k15.3k shares |
| Walleye Trading LLC | New | $420.0k15.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $86.0k3.1k shares |
| Walleye Capital LLC | New | $58.8k2.1k shares |
| GROUP ONE TRADING LLC | Added | $25.2k900 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $392.0k14.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $308.0k11.0k shares |
| Walleye Capital LLC | New | $176.4k6.3k shares |
| SIMPLEX TRADING, LLC | Reduced | $120.0k4.3k shares |
| PEAK6 Investments LLC | Reduced | $89.6k3.2k shares |
| Walleye Trading LLC | Reduced | $16.8k600 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 Q3 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-08-12 | NANJI FARHAD +5 10% owner | Bought | $207.5m10.3m 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, Q3 2024
| Manager | Shares | Change |
|---|---|---|
| Orbis Allan Gray Ltd 4.23% of their portfolio | 28.6m $799.7m | Added +10.8m |
| MFN Partners Management, LP 15.22% of their portfolio | 27.6m $772.2m | Added +10.3m |
| BlackRock, Inc. 0.01% of their portfolio | 20.8m $582.1m | First filing |
| VANGUARD GROUP INC 0.01% of their portfolio | 15.2m $425.4m | Added +1.9m |
| FIL Ltd 0.15% of their portfolio | 5.7m $160.5m | Added +5.0m |
| STATE STREET CORP 0.01% of their portfolio | 5.1m $143.5m | Added +602.7k |
| Swedbank AB 0.11% of their portfolio | 3.1m $87.5m | Reduced -153.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 3.1m $85.6m | Added +442.0k |
| Hood River Capital Management LLC 1.24% of their portfolio | 2.8m $77.1m | Added +1.1m |
| Douglas Lane & Associates, LLC 1.03% of their portfolio | 2.7m $74.8m | Reduced -26.7k |
| Balyasny Asset Management L.P. 0.16% of their portfolio | 2.2m $61.5m | Added +1.5m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 2.1m $57.9m | Added +136.9k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 1.9m $53.1m | Reduced -136.9k |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. 0.47% of their portfolio | 1.9m $52.3m | Added +239.0k |
| FRED ALGER MANAGEMENT, LLC 0.24% of their portfolio | 1.8m $49.0m | Added +423.8k |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.45% of their portfolio | 1.7m $48.0m | Reduced -746.7k |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 1.6m $43.8m | Reduced -278.8k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 1.5m $41.7m | Reduced -20.2k |
| MORGAN STANLEY 0.00% of their portfolio | 1.5m $41.0m | Added +217.2k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 1.3m $36.3m | Added +177.6k |
| NORGES BANK 0.00% of their portfolio | 1.2m $34.7m | Added +246.2k |
| Driehaus Capital Management LLC 0.29% of their portfolio | 1.2m $34.4m | Added +463.6k |
| Divisar Capital Management LLC 6.19% of their portfolio | 1.2m $33.6m | Added +217.6k |
| MACQUARIE GROUP LTD 0.04% of their portfolio | 1.2m $33.2m | New |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 1.1m $29.9m | Added +340.9k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio | 1.0m $28.8m | Reduced -519.0k |
| LOOMIS SAYLES & CO L P 0.04% of their portfolio | 998.7k $28.0m | New |
| BARCLAYS PLC 0.01% of their portfolio | 908.9k $25.4m | Added +590.5k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 875.3k $24.5m | Added +412 |
| EMERALD ADVISERS, LLC 0.92% of their portfolio | 852.4k $23.9m | Added +409.1k |
| Zimmer Partners, LP 0.42% of their portfolio | 810.0k $22.7m | New |
| Ghisallo Capital Management LLC 1.09% of their portfolio | 785.2k $22.0m | New |
| VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio | 761.2k $21.3m | Added +720.6k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 753.3k $22.3m | New |
| PRIMECAP MANAGEMENT CO/CA/ 0.01% of their portfolio | 722.2k $20.2m | Reduced -298.7k |
| Penn Capital Management Company, LLC 1.71% of their portfolio | 662.2k $18.6m | Added +33.5k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 650.2k $18.2m | Added +66.2k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 635.9k $17.8m | Added +61.0k |
| Motley Fool Wealth Management, LLC 0.84% of their portfolio | 597.6k $16.7m | Reduced -18.4k |
| EMERALD MUTUAL FUND ADVISERS TRUST 0.86% of their portfolio | 593.7k $16.6m | Added +237.6k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 589.3k $16.5m | Added +189.6k |
| Invesco Ltd. 0.00% of their portfolio | 567.7k $15.9m | Added +46.3k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 544.1k $15.2m | Added +227.4k |
| Alyeska Investment Group, L.P. 0.08% of their portfolio | 539.7k $15.1m | New |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.06% of their portfolio | 536.1k $15.0m | Reduced -635.6k |
| Qube Research & Technologies Ltd 0.02% of their portfolio | 478.8k $13.4m | New |
| NEW YORK STATE COMMON RETIREMENT FUND 0.02% of their portfolio | 445.0k $12.5m | Added +12.2k |
| BloombergSen Inc. 1.03% of their portfolio | 436.8k $12.2m | New |
| NATIXIS ADVISORS, LLC 0.02% of their portfolio | 429.0k $12.0m | Added +65.5k |
| Aperture Investors, LLC 1.50% of their portfolio | 421.8k $11.8m | Added +345.7k |
| PICTON MAHONEY ASSET MANAGEMENT 0.42% of their portfolio | 387.6k $10.8m | New |
| Motley Fool Asset Management LLC 0.60% of their portfolio | 376.4k $10.2m | Added +2.6k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 365.2k $10.2m | Added +27.0k |
| Legal & General Group Plc 0.00% of their portfolio | 344.1k $9.6m | Added +19.1k |
| JANE STREET GROUP, LLC 0.02% of their portfolio | 336.6k $9.4m | Added +236.3k |
| Public Sector Pension Investment Board 0.04% of their portfolio | 291.1k $8.2m | Added +32.5k |
| First Eagle Investment Management, LLC 0.02% of their portfolio | 286.9k $8.0m | Added +113.0k |
| INTRINSIC EDGE CAPITAL MANAGEMENT LLC 0.89% of their portfolio | 256.0k $7.2m | Reduced -61.0k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 247.6k $6.9m | Added +4.4k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 230.1k $6.4m | New |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 211.9k $5.9m | Reduced -136.2k |
| Hauser Brothers GmbH 4.35% of their portfolio | 202.1k $5.7m | Unchanged |
| State of Alaska, Department of Revenue 0.06% of their portfolio | 202.0k $5.7m | Reduced -1.8k |
| Swiss National Bank 0.00% of their portfolio | 200.6k $5.6m | Reduced -30.0k |
| CITIGROUP INC 0.01% of their portfolio | 196.7k $5.5m | Added +112.1k |
| KIRR MARBACH & CO LLC /IN/ 1.18% of their portfolio | 188.8k $5.3m | Reduced -852 |
| California Public Employees Retirement System 0.00% of their portfolio | 162.2k $4.5m | Reduced -32.4k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 157.4k $4.4m | Added +19.9k |
| Kodai Capital Management LP 0.09% of their portfolio | 155.0k $4.3m | New |
| Lagoda Investment Management, L.P. 2.45% of their portfolio | 152.4k $4.3m | Reduced -6.5k |
| COMERICA BANK 0.02% of their portfolio | 150.2k $4.2m | Reduced -30.8k |
| SEVEN GRAND MANAGERS, LLC 0.94% of their portfolio | 150.0k $4.2m | New |
| 683 Capital Management, LLC 0.43% of their portfolio | 149.8k $4.2m | Reduced -140.2k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 145.7k $4.1m | New |
| UBS Group AG 0.00% of their portfolio | 143.3k $4.0m | Reduced -29.9k |
| PRUDENTIAL FINANCIAL INC 0.01% of their portfolio | 140.5k $3.9m | Added +14.5k |
| Allianz Asset Management GmbH 0.01% of their portfolio | 131.9k $3.7m | Reduced -35.0k |
| WINTON GROUP Ltd 0.26% of their portfolio | 131.7k $3.7m | Reduced -168.6k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 112.5k $3.2m | Reduced -2.1k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 112.2k $3.1m | Reduced -1.2k |
| Thrivent Financial for Lutherans 0.01% of their portfolio | 107.8k $3.0m | Added +10.2k |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.01% of their portfolio | 97.7k $2.7m | New |
| EFG Asset Management (North America) Corp. 0.42% of their portfolio | 89.3k $2.5m | Added +25.8k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 88.3k $2.5m | Added +7.2k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 82.1k $2.3m | Added +14.3k |
| MetLife Investment Management, LLC 0.01% of their portfolio | 78.5k $2.2m | Added +11.0k |
| Corebridge Financial, Inc. 0.01% of their portfolio | 77.9k $2.2m | Added +10.3k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 74.3k $2.1m | Added +15.7k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 74.2k $2.1m | Added +8.4k |
| Illinois Municipal Retirement Fund 0.03% of their portfolio | 67.8k $1.9m | Added +6.7k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 67.7k $1.9m | Added +15.0k |
| State of New Jersey Common Pension Fund D 0.01% of their portfolio | 67.1k $1.9m | Reduced -27.8k |
| Louisiana State Employees Retirement System 0.03% of their portfolio | 66.5k $1.9m | Added +7.4k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 66.5k $1.9m | Reduced -964 |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 66.1k $1.9m | Reduced -29.6k |
| Boston Partners 0.00% of their portfolio | 59.6k $1.7m | Reduced -24.2k |
| State of Tennessee, Department of Treasury 0.01% of their portfolio | 57.5k $1.6m | Added +4.9k |
| BERYLSON CAPITAL PARTNERS, LLC 3.71% of their portfolio | 54.5k $1.5m | Added +45.4k |
| SOUTHEASTERN ASSET MANAGEMENT INC/TN/ 0.07% of their portfolio | 54.0k $1.5m | Unchanged |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 53.5k $1.5m | Added +24.3k |