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 ($581.9k this quarter). Holder counts are more reliable. Shares outstanding: 164.0m as of 2025-08-05, 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 ≈ $15.72. Options: 8 managers hold calls ($3.1m notional), 12 hold puts ($33.6m).
Trends to Q2 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 |
| Q2 2025 | 271 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q2 2025 | 148 | 111 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $4.8m | $1.1m | 0.23 |
| Q4 2024 | $6.6m | $967.4k | 0.15 |
| Q1 2025 | $2.0m | $10.0m | 5.08 |
| Q2 2025 | $3.1m | $33.6m | 10.99 |
Biggest buyers
| Orbis Allan Gray Ltd | Added | +1.1m |
| Nuveen, LLC | Added | +621.5k |
| CITADEL ADVISORS LLC | New | +614.6k |
| Owls Nest Partners IA, LLC | New | +590.8k |
| MILLENNIUM MANAGEMENT LLC | New | +517.1k |
| FRONTIER CAPITAL MANAGEMENT CO LLC | Added | +511.0k |
| MARSHALL WACE, LLP | New | +453.2k |
| ROYAL BANK OF CANADA | Added | +416.4k |
| UBS Group AG | Added | +415.0k |
| Verition Fund Management LLC | Added | +412.4k |
Biggest sellers
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. | Sold out | -2.7m |
| Hood River Capital Management LLC | Reduced | -1.3m |
| FRANKLIN RESOURCES INC | Reduced | -1.2m |
| FRED ALGER MANAGEMENT, LLC | Reduced | -1.1m |
| MACQUARIE GROUP LTD | Reduced | -974.9k |
| VICTORY CAPITAL MANAGEMENT INC | Reduced | -955.3k |
| COOPER INVESTORS PTY LTD | Sold out | -765.5k |
| T. Rowe Price Investment Management, Inc. | Reduced | -666.0k |
| Driehaus Capital Management LLC | Sold out | -650.0k |
| INTRINSIC EDGE CAPITAL MANAGEMENT LLC | Reduced | -525.1k |
Biggest calls
| CITADEL ADVISORS LLC | Reduced | $826.9k52.6k shares |
| D. E. Shaw & Co., Inc. | New | $797.0k50.7k shares |
| Walleye Capital LLC | New | $504.6k32.1k shares |
| Cubist Systematic Strategies, LLC | New | $408.7k26.0k shares |
| Walleye Trading LLC | Reduced | $353.7k22.5k shares |
| JANE STREET GROUP, LLC | Unchanged | $161.9k10.3k shares |
| SIMPLEX TRADING, LLC | Reduced | $6.0k400 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| GROUP ONE TRADING LLC | Added | $8.8m560.9k shares |
| CITADEL ADVISORS LLC | Added | $7.1m450.9k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $4.8m304.9k shares |
| Walleye Trading LLC | Reduced | $3.6m230.1k shares |
| WOLVERINE TRADING, LLC | New | $3.5m221.2k shares |
| SIMPLEX TRADING, LLC | Added | $2.7m170.6k shares |
| PEAK6 LLC | New | $987.2k62.8k shares |
| Cubist Systematic Strategies, LLC | New | $767.1k48.8k shares |
| Walleye Capital LLC | New | $613.1k39.0k shares |
| JANE STREET GROUP, LLC | New | $542.3k34.5k 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 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q2 2025 | 1 | $250.2k | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-05-14 | Szlosek Thomas A Director · By Trust | Bought | $124.9k7.5k shares |
| 2025-05-09 | Szlosek Thomas A Director · By Trust | Bought | $125.4k8.7k 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 2025
| Manager | Shares | Change |
|---|---|---|
| Orbis Allan Gray Ltd 2.40% of their portfolio | 31.4m $493.2m | Added +1.1m |
| MFN Partners Management, LP 9.28% of their portfolio | 27.6m $433.5m | Unchanged |
| BlackRock, Inc. 0.01% of their portfolio | 22.1m $346.9m | Reduced -61.5k |
| VANGUARD GROUP INC 0.00% of their portfolio | 17.0m $267.0m | Added +38.0k |
| WELLINGTON MANAGEMENT GROUP LLP 0.03% of their portfolio | 9.3m $145.6m | Added +3.5k |
| FIL Ltd 0.09% of their portfolio | 6.6m $103.0m | Added +22.0k |
| STATE STREET CORP 0.00% of their portfolio | 5.8m $91.5m | Added +85.4k |
| Douglas Lane & Associates, LLC 0.85% of their portfolio | 3.7m $58.8m | Added +148.7k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 3.6m $56.8m | Added +140.0k |
| T. Rowe Price Investment Management, Inc. 0.02% of their portfolio | 2.3m $36.2m | Reduced -666.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 2.1m $32.9m | Added +479 |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 1.8m $29.0m | Reduced -514.1k |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.26% of their portfolio | 1.8m $28.3m | Added +511.0k |
| MORGAN STANLEY 0.00% of their portfolio | 1.7m $27.2m | Added +159.8k |
| Swedbank AB 0.03% of their portfolio | 1.5m $24.2m | First filing |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.5m $23.3m | Reduced -76.8k |
| UBS Group AG 0.00% of their portfolio | 1.5m $23.3m | Added +415.0k |
| LOOMIS SAYLES & CO L P 0.03% of their portfolio | 1.3m $20.6m | Reduced -31.2k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 1.2m $19.2m | Reduced -1.2m |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 1.1m $17.5m | Added +315.9k |
| NORGES BANK 0.00% of their portfolio | 1.1m $16.9m | Reduced -159.4k |
| Nuveen, LLC 0.00% of their portfolio | 1.0m $16.4m | Added +621.5k |
| Penn Capital Management Company, LLC 1.37% of their portfolio | 1.0m $15.8m | Added +294.6k |
| FRED ALGER MANAGEMENT, LLC 0.07% of their portfolio | 1.0m $15.8m | Reduced -1.1m |
| RIVULET CAPITAL, LLC 1.52% of their portfolio | 995.8k $15.7m | Added +245.8k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.00% of their portfolio | 952.7k $15.0m | Reduced -47.6k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 941.4k $14.8m | Added +13.7k |
| Invesco Ltd. 0.00% of their portfolio | 821.3k $12.9m | Added +66.5k |
| EMERALD ADVISERS, LLC 0.42% of their portfolio | 731.6k $11.5m | Reduced -123.4k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 708.5k $11.1m | Added +1.1k |
| Divisar Capital Management LLC 2.46% of their portfolio | 675.9k $10.6m | Reduced -240.0k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 653.8k $10.3m | Added +171.5k |
| Hood River Capital Management LLC 0.14% of their portfolio | 650.8k $10.2m | Reduced -1.3m |
| Verition Fund Management LLC 0.06% of their portfolio | 617.0k $9.7m | Added +412.4k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 614.6k $9.7m | New |
| PRIMECAP MANAGEMENT CO/CA/ 0.01% of their portfolio | 603.1k $9.5m | Added +334.0k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 592.1k $9.3m | Added +3.8k |
| Owls Nest Partners IA, LLC 2.20% of their portfolio | 590.8k $9.3m | New |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 517.1k $8.1m | New |
| Public Sector Pension Investment Board 0.03% of their portfolio | 486.1k $7.6m | Added +37.8k |
| Motley Fool Wealth Management, LLC 0.44% of their portfolio | 464.3k $7.3m | Reduced -54.0k |
| MARSHALL WACE, LLP 0.01% of their portfolio | 453.2k $7.1m | New |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 443.5k $7.0m | Added +30.3k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 439.7k $6.9m | Added +416.4k |
| EMERALD MUTUAL FUND ADVISERS TRUST 0.41% of their portfolio | 427.1k $6.7m | Reduced -68.1k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 390.6k $6.1m | Added +107.2k |
| Edgestream Partners, L.P. 0.16% of their portfolio | 356.9k $5.6m | New |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 347.8k $5.5m | New |
| Legal & General Group Plc 0.00% of their portfolio | 341.7k $5.4m | Reduced -2.2k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 331.3k $5.2m | Added +128.7k |
| First Eagle Investment Management, LLC 0.01% of their portfolio | 318.0k $5.0m | Reduced -52.1k |
| BARCLAYS PLC 0.00% of their portfolio | 297.4k $4.7m | Added +93.8k |
| ExodusPoint Capital Management, LP 0.05% of their portfolio | 286.9k $4.5m | New |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 286.6k $4.5m | Reduced -36.9k |
| State of Alaska, Department of Revenue 0.04% of their portfolio | 249.7k $3.9m | Added +36.6k |
| MACQUARIE GROUP LTD 0.00% of their portfolio | 236.2k $3.7m | Reduced -974.9k |
| TWINBEECH CAPITAL LP 0.08% of their portfolio | 213.6k $3.4m | New |
| Swiss National Bank 0.00% of their portfolio | 203.5k $3.2m | Added +1.7k |
| California Public Employees Retirement System 0.00% of their portfolio | 193.9k $3.0m | Added +31.8k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 191.3k $3.0m | Added +77.0k |
| KIRR MARBACH & CO LLC /IN/ 0.59% of their portfolio | 190.0k $3.0m | Added +1.2k |
| Motley Fool Asset Management LLC 0.14% of their portfolio | 186.2k $2.9m | Reduced -49.3k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 180.1k $2.8m | Added +200 |
| Squarepoint Ops LLC 0.01% of their portfolio | 171.6k $2.7m | Added +129.2k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 155.5k $2.4m | Added +50.1k |
| INTRINSIC EDGE CAPITAL MANAGEMENT LLC 0.36% of their portfolio | 150.0k $2.4m | Reduced -525.1k |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 149.7k $2.4m | Added +9.6k |
| Roubaix Capital, LLC 1.12% of their portfolio | 148.7k $2.3m | New |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 147.1k $2.3m | Reduced -7.8k |
| Hodges Capital Management Inc. 0.22% of their portfolio | 146.7k $2.3m | Added +1.2k |
| Walleye Capital LLC 0.02% of their portfolio | 145.9k $2.3m | New |
| Holocene Advisors, LP 0.01% of their portfolio | 145.3k $2.3m | Added +61.1k |
| EFG Asset Management (North America) Corp. 0.32% of their portfolio | 143.9k $2.3m | Added +31.9k |
| COMERICA BANK 0.01% of their portfolio | 143.0k $2.2m | Added +10.3k |
| CITIGROUP INC 0.00% of their portfolio | 134.3k $2.1m | Reduced -81.5k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 132.6k $2.1m | Added +15.8k |
| GROUP ONE TRADING LLC 0.07% of their portfolio | 130.5k $2.1m | Added +129.9k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 120.3k $1.9m | Added +23.7k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 115.9k $1.8m | Unchanged |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 108.7k $1.7m | Reduced -22.2k |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 104.9k $1.6m | Added +1.0k |
| MetLife Investment Management, LLC 0.01% of their portfolio | 97.4k $1.5m | Added +2.9k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 89.4k $1.4m | Reduced -4.4k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 89.1k $1.4m | Reduced -5.8k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 88.4k $1.4m | Reduced -9.6k |
| FMR LLC 0.00% of their portfolio | 86.0k $1.4m | Added +71.0k |
| GSA CAPITAL PARTNERS LLP 0.09% of their portfolio | 80.9k $1.3m | New |
| WOLVERINE TRADING, LLC 0.03% of their portfolio | 80.3k $1.3m | New |
| Engineers Gate Manager LP 0.02% of their portfolio | 80.2k $1.3m | New |
| MOORE CAPITAL MANAGEMENT, LP 0.02% of their portfolio | 77.5k $1.2m | New |
| HighVista Strategies LLC 0.45% of their portfolio | 77.1k $1.2m | Added +8.7k |
| TD Asset Management Inc 0.00% of their portfolio | 76.3k $1.2m | Reduced -23.5k |
| Louisiana State Employees Retirement System 0.02% of their portfolio | 66.6k $1.0m | Unchanged |
| INTECH INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 64.1k $1.0m | Reduced -30.5k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 62.6k $983.5k | Reduced -2.3k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 61.8k $984.0k | Added +35.6k |
| TECTONIC ADVISORS LLC 0.05% of their portfolio | 59.9k $941.3k | Added +4.1k |
| SOUTHEASTERN ASSET MANAGEMENT INC/TN/ 0.04% of their portfolio | 54.0k $848.5k | Unchanged |
| YOUSIF CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 53.2k $836.7k | Added +631 |
| Aperture Investors, LLC 0.11% of their portfolio | 50.6k $795.5k | Reduced -49.0k |