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 ($13.7m 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 ≈ $23.84. Options: 8 managers hold calls ($6.6m notional), 4 hold puts ($967.4k).
Trends to Q4 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 |
| Q4 2024 | 281 |
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 |
| Q4 2024 | 142 | 96 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2024 | $4.5m | $2.8m | 0.63 |
| Q2 2024 | $1.2m | $14.6m | 12.03 |
| Q3 2024 | $4.8m | $1.1m | 0.23 |
| Q4 2024 | $6.6m | $967.4k | 0.15 |
Biggest buyers
| VANGUARD GROUP INC | Added | +2.0m |
| BlackRock, Inc. | Added | +1.8m |
| UBS Group AG | Added | +1.8m |
| Orbis Allan Gray Ltd | Added | +1.7m |
| FRANKLIN RESOURCES INC | Added | +923.3k |
| COOPER INVESTORS PTY LTD | New | +765.5k |
| STATE STREET CORP | Added | +732.1k |
| FIL Ltd | Added | +596.2k |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. | Added | +508.3k |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +387.8k |
Biggest sellers
| Balyasny Asset Management L.P. | Sold out | -2.2m |
| Ghisallo Capital Management LLC | Sold out | -785.2k |
| AMERIPRISE FINANCIAL INC | Reduced | -648.8k |
| BARCLAYS PLC | Reduced | -623.7k |
| Alyeska Investment Group, L.P. | Sold out | -539.7k |
| Zimmer Partners, LP | Reduced | -425.0k |
| PRIMECAP MANAGEMENT CO/CA/ | Reduced | -420.7k |
| Hood River Capital Management LLC | Reduced | -382.1k |
| Swedbank AB | Reduced | -362.0k |
| Divisar Capital Management LLC | Reduced | -349.5k |
Biggest calls
| Caption Management, LLC | New | $2.5m105.8k shares |
| PEAK6 LLC | First filing | $1.8m75.1k shares |
| CITADEL ADVISORS LLC | Added | $1.4m58.2k shares |
| Walleye Trading LLC | Added | $510.2k21.4k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $228.9k9.6k shares |
| GROUP ONE TRADING LLC | Added | $95.4k4.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $19.0k800 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $603.2k25.3k shares |
| SIMPLEX TRADING, LLC | Added | $226.0k9.5k shares |
| Walleye Trading LLC | Added | $138.3k5.8k 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 Q4 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q4 2024 | 1 | $50.2k | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-11-12 | Nettles Michelle Director | Bought | $50.2k1.8k 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, Q4 2024
| Manager | Shares | Change |
|---|---|---|
| Orbis Allan Gray Ltd 3.88% of their portfolio | 30.2m $721.0m | Added +1.7m |
| MFN Partners Management, LP 12.95% of their portfolio | 27.6m $657.5m | Unchanged |
| BlackRock, Inc. 0.01% of their portfolio | 22.6m $538.5m | Added +1.8m |
| VANGUARD GROUP INC 0.01% of their portfolio | 17.2m $410.1m | Added +2.0m |
| FIL Ltd 0.14% of their portfolio | 6.3m $150.9m | Added +596.2k |
| STATE STREET CORP 0.01% of their portfolio | 5.9m $139.6m | Added +732.1k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 3.4m $80.2m | Added +307.5k |
| Swedbank AB 0.08% of their portfolio | 2.8m $65.9m | Reduced -362.0k |
| Douglas Lane & Associates, LLC 0.90% of their portfolio | 2.7m $63.8m | Added +2.9k |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. 0.53% of their portfolio | 2.4m $56.6m | Added +508.3k |
| Hood River Capital Management LLC 0.83% of their portfolio | 2.4m $56.5m | Reduced -382.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 2.1m $51.1m | Added +76.7k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 2.0m $48.3m | Added +128.8k |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.44% of their portfolio | 2.0m $46.6m | Added +240.4k |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 2.0m $46.6m | Added +387.8k |
| UBS Group AG 0.01% of their portfolio | 1.9m $45.4m | Added +1.8m |
| FRED ALGER MANAGEMENT, LLC 0.20% of their portfolio | 1.7m $41.3m | Reduced -17.8k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 1.7m $40.0m | Added +923.3k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 1.6m $37.3m | Added +266.7k |
| Driehaus Capital Management LLC 0.30% of their portfolio | 1.5m $36.2m | Added +290.9k |
| LOOMIS SAYLES & CO L P 0.04% of their portfolio | 1.4m $32.6m | Added +368.8k |
| MORGAN STANLEY 0.00% of their portfolio | 1.3m $32.0m | Reduced -119.6k |
| NORGES BANK 0.00% of their portfolio | 1.2m $28.3m | Reduced -49.4k |
| MACQUARIE GROUP LTD 0.03% of their portfolio | 1.2m $28.2m | Reduced -4.8k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio | 1.0m $24.4m | Reduced -5.3k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 958.2k $22.8m | Reduced -108.8k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 939.8k $22.4m | Added +64.5k |
| EMERALD ADVISERS, LLC 0.79% of their portfolio | 852.5k $20.3m | Added +52 |
| Divisar Capital Management LLC 4.40% of their portfolio | 849.6k $20.3m | Reduced -349.5k |
| VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio | 849.3k $20.2m | Added +88.1k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 840.1k $20.0m | Reduced -648.8k |
| COOPER INVESTORS PTY LTD 2.88% of their portfolio | 765.5k $18.3m | New |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 684.3k $16.3m | Added +34.0k |
| Invesco Ltd. 0.00% of their portfolio | 634.5k $15.1m | Added +66.8k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 619.3k $14.8m | Reduced -16.6k |
| BloombergSen Inc. 1.22% of their portfolio | 591.5k $14.1m | Added +154.7k |
| Penn Capital Management Company, LLC 1.37% of their portfolio | 585.8k $14.0m | Reduced -76.5k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 575.3k $13.7m | Added +31.2k |
| Motley Fool Wealth Management, LLC 0.70% of their portfolio | 569.1k $13.6m | Reduced -28.4k |
| NATIXIS ADVISORS, LLC 0.02% of their portfolio | 506.6k $12.1m | Added +77.6k |
| EMERALD MUTUAL FUND ADVISERS TRUST 0.72% of their portfolio | 495.2k $11.8m | Reduced -98.5k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 471.3k $11.2m | Reduced -118.0k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 449.4k $10.7m | Added +4.4k |
| Motley Fool Asset Management LLC 0.51% of their portfolio | 412.2k $9.8m | Added +35.8k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 408.9k $9.7m | Added +43.7k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.03% of their portfolio | 391.4k $9.3m | Reduced -144.7k |
| Zimmer Partners, LP 0.16% of their portfolio | 385.0k $9.2m | Reduced -425.0k |
| PICTON MAHONEY ASSET MANAGEMENT 0.35% of their portfolio | 382.3k $9.1m | Reduced -5.3k |
| Legal & General Group Plc 0.00% of their portfolio | 349.8k $8.3m | Added +5.7k |
| Public Sector Pension Investment Board 0.04% of their portfolio | 348.5k $8.3m | Added +57.4k |
| CITIGROUP INC 0.01% of their portfolio | 341.0k $8.1m | Added +144.2k |
| First Eagle Investment Management, LLC 0.02% of their portfolio | 340.9k $8.1m | Added +54.0k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 316.4k $7.5m | Added +170.7k |
| PRIMECAP MANAGEMENT CO/CA/ 0.01% of their portfolio | 301.5k $7.2m | Reduced -420.7k |
| Aperture Investors, LLC 0.93% of their portfolio | 301.1k $7.2m | Reduced -120.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 285.5k $6.8m | Added +37.9k |
| BARCLAYS PLC 0.00% of their portfolio | 285.2k $6.8m | Reduced -623.7k |
| INTRINSIC EDGE CAPITAL MANAGEMENT LLC 0.81% of their portfolio | 250.0k $6.0m | Reduced -6.0k |
| Hodges Capital Management Inc. 0.35% of their portfolio | 241.4k $5.8m | New |
| State of Alaska, Department of Revenue 0.06% of their portfolio | 214.3k $5.1m | Added +12.3k |
| COMERICA BANK 0.02% of their portfolio | 212.0k $5.1m | Added +61.8k |
| Swiss National Bank 0.00% of their portfolio | 201.8k $4.8m | Added +1.2k |
| KIRR MARBACH & CO LLC /IN/ 0.96% of their portfolio | 186.8k $4.5m | Reduced -2.1k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 178.3k $4.3m | Added +20.9k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 165.9k $4.0m | Reduced -46.0k |
| California Public Employees Retirement System 0.00% of their portfolio | 162.2k $3.9m | Added +18 |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.01% of their portfolio | 156.8k $3.7m | First filing |
| Lagoda Investment Management, L.P. 1.96% of their portfolio | 151.7k $3.6m | Reduced -690 |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 147.1k $3.5m | Reduced -331.7k |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 143.4k $3.4m | Added +2.8k |
| EFG Asset Management (North America) Corp. 0.46% of their portfolio | 141.4k $3.4m | Added +52.2k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 138.4k $3.3m | Added +56.3k |
| Hauser Brothers GmbH 2.24% of their portfolio | 131.1k $3.1m | Reduced -71.0k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 113.9k $2.7m | Added +1.7k |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 108.1k $2.6m | Added +312 |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 105.8k $2.5m | Added +17.4k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 100.1k $2.4m | Reduced -12.4k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 97.4k $2.3m | Added +31.0k |
| MetLife Investment Management, LLC 0.01% of their portfolio | 96.0k $2.3m | Added +17.5k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 90.8k $2.2m | Added +16.5k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 87.8k $2.1m | Added +13.6k |
| Granahan Investment Management, LLC 0.09% of their portfolio | 87.3k $2.1m | New |
| Corebridge Financial, Inc. 0.01% of their portfolio | 84.2k $2.0m | Added +6.3k |
| HARBOR CAPITAL ADVISORS, INC. 0.09% of their portfolio | 84.1k $2.0m | New |
| Bryce Point Capital, LLC 0.57% of their portfolio | 81.8k $1.9m | First filing |
| Allianz Asset Management GmbH 0.00% of their portfolio | 77.6k $1.8m | Reduced -54.3k |
| State of New Jersey Common Pension Fund D 0.01% of their portfolio | 76.6k $1.8m | Added +9.4k |
| Illinois Municipal Retirement Fund 0.03% of their portfolio | 76.3k $1.8m | Added +8.5k |
| State of Tennessee, Department of Treasury 0.01% of their portfolio | 69.4k $1.7m | Added +12.0k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 69.4k $1.7m | Added +15.8k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 68.2k $1.6m | Added +480 |
| Louisiana State Employees Retirement System 0.03% of their portfolio | 67.6k $1.6m | Added +1.1k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 66.6k $1.6m | First filing |
| Squarepoint Ops LLC 0.00% of their portfolio | 62.6k $1.5m | New |
| HighVista Strategies LLC 0.50% of their portfolio | 56.2k $1.3m | Added +10.2k |
| SOUTHEASTERN ASSET MANAGEMENT INC/TN/ 0.06% of their portfolio | 54.0k $1.3m | Unchanged |
| YOUSIF CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 53.1k $1.3m | Added +811 |
| ROYCE & ASSOCIATES LP 0.01% of their portfolio | 53.0k $1.3m | Added +13.0k |
| INTECH INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 50.5k $1.2m | Added +28.2k |
| Ensign Peak Advisors, Inc 0.00% of their portfolio | 50.2k $1.2m | Unchanged |