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 ($9.7m this quarter). Holder counts are more reliable. Shares outstanding: 163.9m as of 2025-05-05, 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 ≈ $19.10. Options: 5 managers hold calls ($2.0m notional), 5 hold puts ($10.0m).
Trends to Q1 2025
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 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q1 2025 | 116 | 126 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2024 | $1.2m | $14.6m | 12.03 |
| Q3 2024 | $4.8m | $1.1m | 0.23 |
| Q4 2024 | $6.6m | $967.4k | 0.15 |
| Q1 2025 | $2.0m | $10.0m | 5.08 |
Biggest buyers
| WELLINGTON MANAGEMENT GROUP LLP | Added | +7.3m |
| T. Rowe Price Investment Management, Inc. | New | +3.0m |
| Douglas Lane & Associates, LLC | Added | +916.4k |
| RIVULET CAPITAL, LLC | New | +750.0k |
| FRANKLIN RESOURCES INC | Added | +696.9k |
| INTRINSIC EDGE CAPITAL MANAGEMENT LLC | Added | +425.1k |
| FRED ALGER MANAGEMENT, LLC | Added | +371.5k |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. | Added | +355.3k |
| DIMENSIONAL FUND ADVISORS LP | Added | +332.2k |
| MORGAN STANLEY | Added | +228.6k |
Biggest sellers
| Driehaus Capital Management LLC | Reduced | -867.9k |
| UBS Group AG | Reduced | -836.5k |
| FRONTIER CAPITAL MANAGEMENT CO LLC | Reduced | -664.3k |
| BloombergSen Inc. | Sold out | -591.5k |
| AMERIPRISE FINANCIAL INC | Reduced | -516.6k |
| BlackRock, Inc. | Reduced | -456.3k |
| JPMORGAN CHASE & CO | Reduced | -420.4k |
| Hood River Capital Management LLC | Reduced | -405.3k |
| JACOBS LEVY EQUITY MANAGEMENT, INC | Sold out | -391.4k |
| Zimmer Partners, LP | Sold out | -385.0k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $1.3m65.6k shares |
| Walleye Trading LLC | Added | $515.7k27.0k shares |
| JANE STREET GROUP, LLC | New | $196.7k10.3k shares |
| SIMPLEX TRADING, LLC | Reduced | $13.0k700 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| Walleye Trading LLC | Added | $7.0m366.7k shares |
| CITADEL ADVISORS LLC | Added | $2.9m153.1k shares |
| SIMPLEX TRADING, LLC | Reduced | $97.0k5.1k shares |
| GROUP ONE TRADING LLC | New | $17.2k900 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 2025
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 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 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
None reported in Q1 2025.
Holders, Q1 2025
| Manager | Shares | Change |
|---|---|---|
| Orbis Allan Gray Ltd 3.30% of their portfolio | 30.2m $577.4m | Reduced -12.3k |
| MFN Partners Management, LP 12.38% of their portfolio | 27.6m $526.7m | Unchanged |
| BlackRock, Inc. 0.01% of their portfolio | 22.1m $422.7m | Reduced -456.3k |
| VANGUARD GROUP INC 0.01% of their portfolio | 16.9m $323.7m | Reduced -258.4k |
| WELLINGTON MANAGEMENT GROUP LLP 0.03% of their portfolio | 9.3m $176.9m | Added +7.3m |
| FIL Ltd 0.12% of their portfolio | 6.5m $124.8m | Added +205.0k |
| STATE STREET CORP 0.00% of their portfolio | 5.7m $109.6m | Reduced -121.2k |
| Douglas Lane & Associates, LLC 1.01% of their portfolio | 3.6m $68.6m | Added +916.4k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 3.5m $66.3m | Added +108.8k |
| T. Rowe Price Investment Management, Inc. 0.04% of their portfolio | 3.0m $56.7m | New |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. 0.52% of their portfolio | 2.7m $52.2m | Added +355.3k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 2.4m $45.3m | Added +696.9k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 2.4m $45.0m | Added +332.2k |
| FRED ALGER MANAGEMENT, LLC 0.23% of their portfolio | 2.1m $40.2m | Added +371.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 2.1m $40.0m | Reduced -51.6k |
| Hood River Capital Management LLC 0.64% of their portfolio | 2.0m $37.6m | Reduced -405.3k |
| MORGAN STANLEY 0.00% of their portfolio | 1.6m $30.0m | Added +228.6k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.6m $29.8m | Reduced -3.8k |
| LOOMIS SAYLES & CO L P 0.04% of their portfolio | 1.3m $25.6m | Reduced -28.5k |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.27% of their portfolio | 1.3m $24.6m | Reduced -664.3k |
| NORGES BANK 0.00% of their portfolio | 1.2m $23.6m | Added +48.7k |
| MACQUARIE GROUP LTD 0.03% of their portfolio | 1.2m $23.1m | Added +29.5k |
| UBS Group AG 0.00% of their portfolio | 1.1m $20.4m | Reduced -836.5k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio | 1.0m $19.1m | Reduced -24.2k |
| VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio | 982.8k $18.8m | Added +133.4k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 927.7k $17.7m | Reduced -12.1k |
| Divisar Capital Management LLC 4.55% of their portfolio | 915.9k $17.5m | Added +66.3k |
| EMERALD ADVISERS, LLC 0.74% of their portfolio | 855.0k $16.3m | Added +2.5k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 795.0k $15.2m | Reduced -163.3k |
| COOPER INVESTORS PTY LTD 2.38% of their portfolio | 765.5k $14.6m | Unchanged |
| Invesco Ltd. 0.00% of their portfolio | 754.8k $14.4m | Added +120.3k |
| RIVULET CAPITAL, LLC 1.40% of their portfolio | 750.0k $14.3m | New |
| Penn Capital Management Company, LLC 1.33% of their portfolio | 710.3k $13.6m | Added +124.5k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 707.4k $13.5m | Added +23.2k |
| INTRINSIC EDGE CAPITAL MANAGEMENT LLC 2.70% of their portfolio | 675.1k $12.9m | Added +425.1k |
| Driehaus Capital Management LLC 0.12% of their portfolio | 650.0k $12.4m | Reduced -867.9k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 588.3k $11.2m | Added +117.1k |
| Motley Fool Wealth Management, LLC 0.59% of their portfolio | 518.4k $9.9m | Reduced -50.8k |
| NATIXIS ADVISORS, LLC 0.02% of their portfolio | 505.7k $9.7m | Reduced -825 |
| EMERALD MUTUAL FUND ADVISERS TRUST 0.67% of their portfolio | 495.2k $9.5m | Unchanged |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 482.2k $9.2m | Added +32.8k |
| PICTON MAHONEY ASSET MANAGEMENT 0.32% of their portfolio | 480.8k $9.2m | Added +98.5k |
| Public Sector Pension Investment Board 0.04% of their portfolio | 448.3k $8.6m | Added +99.8k |
| Nuveen, LLC 0.00% of their portfolio | 424.5k $8.1m | First filing |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 413.2k $7.9m | Added +4.3k |
| First Eagle Investment Management, LLC 0.01% of their portfolio | 370.1k $7.1m | Added +29.2k |
| Legal & General Group Plc 0.00% of their portfolio | 344.0k $6.6m | Reduced -5.8k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 323.5k $6.2m | Reduced -516.6k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 283.4k $5.4m | Reduced -2.1k |
| PRIMECAP MANAGEMENT CO/CA/ 0.00% of their portfolio | 269.0k $5.1m | Reduced -32.5k |
| Motley Fool Asset Management LLC 0.25% of their portfolio | 235.5k $4.5m | Reduced -176.6k |
| CITIGROUP INC 0.00% of their portfolio | 215.8k $4.1m | Reduced -125.1k |
| State of Alaska, Department of Revenue 0.05% of their portfolio | 213.1k $4.1m | Reduced -1.2k |
| Verition Fund Management LLC 0.02% of their portfolio | 204.6k $3.9m | Added +190.7k |
| BARCLAYS PLC 0.00% of their portfolio | 203.6k $3.9m | Reduced -81.6k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 202.6k $3.9m | Added +133.3k |
| Swiss National Bank 0.00% of their portfolio | 201.8k $3.9m | Unchanged |
| KIRR MARBACH & CO LLC /IN/ 0.84% of their portfolio | 188.8k $3.6m | Added +2.0k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 179.9k $3.4m | Added +1.6k |
| California Public Employees Retirement System 0.00% of their portfolio | 162.1k $3.1m | Reduced -138 |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 154.9k $3.0m | Reduced -420.4k |
| Hodges Capital Management Inc. 0.28% of their portfolio | 145.5k $2.8m | Reduced -95.9k |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 140.1k $2.7m | Reduced -3.3k |
| COMERICA BANK 0.01% of their portfolio | 132.7k $2.5m | Reduced -79.2k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 130.9k $2.5m | Reduced -7.5k |
| Hauser Brothers GmbH 2.17% of their portfolio | 119.1k $2.3m | Reduced -12.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 116.8k $2.2m | Added +11.1k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 115.9k $2.2m | Added +2.0k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 114.4k $2.2m | Reduced -51.5k |
| EFG Asset Management (North America) Corp. 0.36% of their portfolio | 112.1k $2.1m | Reduced -29.4k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio | 108.6k $2.1m | Reduced -48.2k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 105.4k $2.0m | Reduced -211.0k |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 103.9k $2.0m | Reduced -4.3k |
| TD Asset Management Inc 0.00% of their portfolio | 99.8k $1.9m | New |
| Aperture Investors, LLC 0.29% of their portfolio | 99.6k $1.9m | Reduced -201.5k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 98.0k $1.9m | Reduced -2.1k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 96.6k $1.8m | Reduced -876 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 94.9k $1.8m | Added +4.1k |
| INTECH INVESTMENT MANAGEMENT LLC 0.02% of their portfolio | 94.5k $1.8m | Added +44.0k |
| MetLife Investment Management, LLC 0.01% of their portfolio | 94.5k $1.8m | Reduced -1.4k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 93.8k $1.8m | Added +6.0k |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 84.5k $1.6m | Added +40.2k |
| Holocene Advisors, LP 0.00% of their portfolio | 84.1k $1.6m | New |
| Corebridge Financial, Inc. 0.01% of their portfolio | 82.7k $1.6m | Reduced -1.5k |
| Illinois Municipal Retirement Fund 0.02% of their portfolio | 79.5k $1.5m | Added +3.2k |
| Lagoda Investment Management, L.P. 0.96% of their portfolio | 78.6k $1.5m | Reduced -73.1k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 70.9k $1.4m | Added +2.7k |
| HighVista Strategies LLC 0.50% of their portfolio | 68.4k $1.3m | Added +12.2k |
| Louisiana State Employees Retirement System 0.03% of their portfolio | 66.6k $1.3m | Reduced -1.0k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 64.9k $1.2m | Reduced -1.8k |
| Creative Planning 0.00% of their portfolio | 64.7k $1.2m | Added +41.7k |
| TECTONIC ADVISORS LLC 0.07% of their portfolio | 55.8k $1.1m | Added +11.0k |
| SOUTHEASTERN ASSET MANAGEMENT INC/TN/ 0.05% of their portfolio | 54.0k $1.0m | Unchanged |
| State of Tennessee, Department of Treasury 0.00% of their portfolio | 54.0k $1.0m | Reduced -15.5k |
| YOUSIF CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 52.6k $1.0m | Reduced -545 |
| SG Americas Securities, LLC 0.00% of their portfolio | 51.8k $989.0k | Added +37.0k |
| Ensign Peak Advisors, Inc 0.00% of their portfolio | 50.2k $958.8k | Unchanged |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 46.5k $877.0k | Unchanged |
| OPPENHEIMER ASSET MANAGEMENT INC. 0.01% of their portfolio | 45.5k $869.7k | Added +8.1k |
| FORMULA GROWTH LTD 0.35% of their portfolio | 45.0k $859.5k | Unchanged |