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 ($18.0k this quarter). Holder counts are more reliable. Shares outstanding: 164.1m as of 2025-11-04, 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 ≈ $15.38. Options: 6 managers hold calls ($1.8m notional), 9 hold puts ($15.7m).
Trends to Q3 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 |
| Q3 2025 | 266 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q3 2025 | 140 | 115 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2024 | $6.6m | $967.4k | 0.15 |
| Q1 2025 | $2.0m | $10.0m | 5.08 |
| Q2 2025 | $3.1m | $33.6m | 10.99 |
| Q3 2025 | $1.8m | $15.7m | 8.96 |
Biggest buyers
| Finepoint Capital LP | New | +7.3m |
| BlackRock, Inc. | Added | +1.8m |
| Orbis Allan Gray Ltd | Added | +1.2m |
| FRANKLIN RESOURCES INC | Added | +1.1m |
| Hood River Capital Management LLC | Added | +737.7k |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +735.8k |
| UBS Group AG | Added | +679.0k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | New | +479.3k |
| VICTORY CAPITAL MANAGEMENT INC | Added | +370.3k |
| STATE STREET CORP | Added | +319.0k |
Biggest sellers
| T. Rowe Price Investment Management, Inc. | Sold out | -2.3m |
| LOOMIS SAYLES & CO L P | Sold out | -1.3m |
| RIVULET CAPITAL, LLC | Sold out | -995.8k |
| FRONTIER CAPITAL MANAGEMENT CO LLC | Reduced | -797.4k |
| Owls Nest Partners IA, LLC | Sold out | -590.8k |
| MILLENNIUM MANAGEMENT LLC | Sold out | -517.1k |
| EMERALD ADVISERS, LLC | Reduced | -514.9k |
| EMERALD MUTUAL FUND ADVISERS TRUST | Reduced | -379.3k |
| JANE STREET GROUP, LLC | Sold out | -347.8k |
| ExodusPoint Capital Management, LP | Sold out | -286.9k |
Biggest calls
| D. E. Shaw & Co., Inc. | Unchanged | $779.8k50.7k shares |
| Walleye Capital LLC | Reduced | $283.0k18.4k shares |
| Walleye Trading LLC | Reduced | $267.6k17.4k shares |
| Cubist Systematic Strategies, LLC | Reduced | $243.0k15.8k shares |
| JANE STREET GROUP, LLC | Added | $161.5k10.5k shares |
| SIMPLEX TRADING, LLC | Added | $18.0k1.2k shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $6.4m412.9k shares |
| Walleye Trading LLC | Added | $4.5m292.9k shares |
| SIMPLEX TRADING, LLC | Reduced | $1.6m107.0k shares |
| GROUP ONE TRADING LLC | Reduced | $1.2m77.8k shares |
| D. E. Shaw & Co., Inc. | Added | $725.9k47.2k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $539.8k35.1k shares |
| Cubist Systematic Strategies, LLC | Reduced | $438.3k28.5k shares |
| JANE STREET GROUP, LLC | Reduced | $216.9k14.1k shares |
| Walleye Capital LLC | Reduced | $83.1k5.4k 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 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
None reported in Q3 2025.
Holders, Q3 2025
| Manager | Shares | Change |
|---|---|---|
| Orbis Allan Gray Ltd 2.15% of their portfolio | 32.6m $501.0m | Added +1.2m |
| MFN Partners Management, LP 8.57% of their portfolio | 27.6m $424.1m | Unchanged |
| BlackRock, Inc. 0.01% of their portfolio | 23.8m $366.5m | Added +1.8m |
| VANGUARD GROUP INC 0.00% of their portfolio | 17.2m $264.8m | Added +233.4k |
| WELLINGTON MANAGEMENT GROUP LLP 0.03% of their portfolio | 10.0m $153.8m | Added +735.8k |
| Finepoint Capital LP 20.58% of their portfolio | 7.3m $111.8m | New |
| FIL Ltd 0.08% of their portfolio | 6.5m $100.7m | Reduced -4.9k |
| STATE STREET CORP 0.00% of their portfolio | 6.1m $94.4m | Added +319.0k |
| Douglas Lane & Associates, LLC 0.83% of their portfolio | 3.9m $59.5m | Added +126.2k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 3.9m $59.4m | Added +246.9k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 2.3m $35.8m | Added +1.1m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 2.3m $35.7m | Added +226.8k |
| UBS Group AG 0.01% of their portfolio | 2.2m $33.2m | Added +679.0k |
| MORGAN STANLEY 0.00% of their portfolio | 1.7m $26.0m | Reduced -42.2k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 1.7m $25.5m | Reduced -184.2k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.6m $24.0m | Added +77.9k |
| Swedbank AB 0.02% of their portfolio | 1.5m $22.9m | Reduced -52.0k |
| Hood River Capital Management LLC 0.25% of their portfolio | 1.4m $21.4m | Added +737.7k |
| Nuveen, LLC 0.00% of their portfolio | 1.0m $16.0m | Reduced -5.2k |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.14% of their portfolio | 1.0m $15.4m | Reduced -797.4k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 984.4k $15.1m | Reduced -126.6k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 981.8k $15.1m | Added +40.4k |
| Invesco Ltd. 0.00% of their portfolio | 956.3k $14.7m | Added +135.1k |
| Penn Capital Management Company, LLC 1.12% of their portfolio | 944.1k $14.6m | Reduced -60.8k |
| FRED ALGER MANAGEMENT, LLC 0.06% of their portfolio | 930.1k $14.3m | Reduced -74.6k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.00% of their portfolio | 919.8k $14.1m | Reduced -32.9k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 791.8k $12.2m | Added +83.3k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 651.4k $10.0m | Added +36.8k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 643.9k $9.9m | Added +204.2k |
| Public Sector Pension Investment Board 0.04% of their portfolio | 639.6k $9.8m | Added +153.5k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 609.0k $9.4m | Reduced -44.7k |
| PRIMECAP MANAGEMENT CO/CA/ 0.01% of their portfolio | 603.1k $9.3m | Unchanged |
| Divisar Capital Management LLC 2.24% of their portfolio | 535.9k $8.2m | Reduced -140.0k |
| Verition Fund Management LLC 0.05% of their portfolio | 517.5k $8.0m | Reduced -99.5k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.02% of their portfolio | 479.3k $7.4m | New |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 469.9k $7.2m | Added +26.3k |
| Motley Fool Wealth Management, LLC 0.43% of their portfolio | 410.5k $6.3m | Reduced -53.8k |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 397.8k $6.1m | Added +370.3k |
| Edgestream Partners, L.P. 0.18% of their portfolio | 396.0k $6.1m | Added +39.1k |
| Legal & General Group Plc 0.00% of their portfolio | 365.2k $5.6m | Added +23.4k |
| First Eagle Investment Management, LLC 0.01% of their portfolio | 344.0k $5.3m | Added +26.0k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 338.7k $5.2m | Reduced -253.5k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 307.8k $4.7m | Added +21.2k |
| PICTON MAHONEY ASSET MANAGEMENT 0.06% of their portfolio | 290.6k $4.5m | Added +285.6k |
| BARCLAYS PLC 0.00% of their portfolio | 275.5k $4.2m | Reduced -21.9k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 271.3k $4.2m | Added +124.2k |
| Cornerstone Wealth Group, LLC 0.27% of their portfolio | 261.8k $4.0m | New |
| State of Alaska, Department of Revenue 0.04% of their portfolio | 257.0k $4.0m | Added +7.3k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 243.8k $3.8m | Reduced -146.8k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 225.0k $3.5m | Added +208.4k |
| EMERALD ADVISERS, LLC 0.11% of their portfolio | 216.7k $3.3m | Reduced -514.9k |
| Swiss National Bank 0.00% of their portfolio | 206.5k $3.2m | Added +3.0k |
| EFG Asset Management (North America) Corp. 0.41% of their portfolio | 205.1k $3.2m | Added +61.2k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 194.7k $3.0m | Added +3.4k |
| KIRR MARBACH & CO LLC /IN/ 0.52% of their portfolio | 189.0k $2.9m | Reduced -936 |
| MARSHALL WACE, LLP 0.00% of their portfolio | 181.4k $2.8m | Reduced -271.8k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 179.7k $2.8m | Reduced -346 |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 164.4k $2.5m | Added +14.7k |
| Hodges Capital Management Inc. 0.22% of their portfolio | 164.0k $2.5m | Added +17.3k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 154.1k $2.4m | Reduced -1.4k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 147.7k $2.3m | Added +39.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 142.2k $2.2m | Added +9.6k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 138.9k $2.1m | Added +18.6k |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.02% of their portfolio | 138.8k $2.1m | Added +102.3k |
| Motley Fool Asset Management LLC 0.09% of their portfolio | 138.2k $2.1m | Reduced -48.0k |
| Hudson Bay Capital Management LP 0.01% of their portfolio | 135.5k $2.1m | New |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 118.3k $1.8m | Added +13.4k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 116.6k $1.8m | Added +700 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 106.1k $1.6m | Added +17.7k |
| FMR LLC 0.00% of their portfolio | 98.6k $1.5m | Added +12.7k |
| MetLife Investment Management, LLC 0.01% of their portfolio | 97.4k $1.5m | Unchanged |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 92.3k $1.4m | Reduced -239.0k |
| ALGERT GLOBAL LLC 0.02% of their portfolio | 91.8k $1.4m | New |
| COMERICA BANK 0.00% of their portfolio | 85.1k $1.3m | Reduced -57.9k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 84.7k $1.3m | Added +47.5k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 81.6k $1.3m | Reduced -7.8k |
| HighVista Strategies LLC 0.30% of their portfolio | 80.9k $1.2m | Added +3.8k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 75.6k $1.2m | Reduced -13.6k |
| Louisiana State Employees Retirement System 0.02% of their portfolio | 75.4k $1.2m | Added +8.8k |
| TECTONIC ADVISORS LLC 0.05% of their portfolio | 63.0k $969.3k | Added +3.1k |
| INTECH INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 62.2k $956.4k | Reduced -1.9k |
| State of Tennessee, Department of Treasury 0.00% of their portfolio | 58.5k $899.3k | Added +12.7k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 57.2k $879.6k | Reduced -5.4k |
| Aperture Investors, LLC 0.12% of their portfolio | 54.8k $842.2k | Added +4.2k |
| Holocene Advisors, LP 0.00% of their portfolio | 54.7k $841.7k | Reduced -90.5k |
| SOUTHEASTERN ASSET MANAGEMENT INC/TN/ 0.04% of their portfolio | 54.0k $830.2k | Unchanged |
| YOUSIF CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 50.4k $774.6k | Reduced -2.9k |
| OPPENHEIMER & CO INC 0.01% of their portfolio | 48.7k $748.7k | Added +5.8k |
| Handelsbanken Fonder AB 0.00% of their portfolio | 48.4k $744.0k | Added +12.1k |
| CITIGROUP INC 0.00% of their portfolio | 48.2k $742.0k | Reduced -86.1k |
| EMERALD MUTUAL FUND ADVISERS TRUST 0.04% of their portfolio | 47.8k $735.7k | Reduced -379.3k |
| AMALGAMATED BANK 0.01% of their portfolio | 47.4k $728.0k | Added +6.2k |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 46.5k $716.0k | Unchanged |
| CARY STREET PARTNERS FINANCIAL LLC 0.02% of their portfolio | 46.0k $707.5k | New |
| Police & Firemen's Retirement System of New Jersey 0.01% of their portfolio | 45.0k $692.1k | Added +8.1k |
| FORMULA GROWTH LTD 0.25% of their portfolio | 45.0k $692.1k | Unchanged |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.00% of their portfolio | 41.8k $642.3k | Added +5.2k |
| Quantinno Capital Management LP 0.00% of their portfolio | 41.3k $634.6k | Added +18.2k |
| SG Americas Securities, LLC 0.00% of their portfolio | 40.5k $623.0k | New |
| Creative Planning 0.00% of their portfolio | 39.0k $600.2k | Added +9.7k |