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 ($2.5m this quarter). Holder counts are more reliable. Shares outstanding: 164.2m as of 2026-02-05, 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 ≈ $12.64. Options: 10 managers hold calls ($4.4m notional), 6 hold puts ($4.2m).
Trends to Q4 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 |
| Q4 2025 | 270 |
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 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 |
| Q4 2025 | 116 | 145 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2025 | $2.0m | $10.0m | 5.08 |
| Q2 2025 | $3.1m | $33.6m | 10.99 |
| Q3 2025 | $1.8m | $15.7m | 8.96 |
| Q4 2025 | $4.4m | $4.2m | 0.96 |
Biggest buyers
| Finepoint Capital LP | Added | +2.1m |
| Orbis Allan Gray Ltd | Added | +2.1m |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. | New | +888.0k |
| KENNEDY CAPITAL MANAGEMENT LLC | New | +719.7k |
| Hood River Capital Management LLC | Added | +604.9k |
| FRONTIER CAPITAL MANAGEMENT CO LLC | Added | +557.3k |
| MORGAN STANLEY | Added | +521.4k |
| GOLDMAN SACHS GROUP INC | Added | +362.1k |
| 683 Capital Management, LLC | New | +358.0k |
| JANE STREET GROUP, LLC | New | +310.3k |
Biggest sellers
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -5.3m |
| FRANKLIN RESOURCES INC | Reduced | -1.8m |
| UBS Group AG | Reduced | -640.3k |
| ROYAL BANK OF CANADA | Reduced | -626.1k |
| Nuveen, LLC | Reduced | -561.7k |
| Douglas Lane & Associates, LLC | Reduced | -459.3k |
| VICTORY CAPITAL MANAGEMENT INC | Reduced | -373.9k |
| Motley Fool Wealth Management, LLC | Reduced | -344.4k |
| First Eagle Investment Management, LLC | Sold out | -344.0k |
| PICTON MAHONEY ASSET MANAGEMENT | Sold out | -290.6k |
Biggest calls
| Blue Door Asset Management, LLC | New | $1.3m102.5k shares |
| Caption Management, LLC | New | $948.0k75.0k shares |
| CITADEL ADVISORS LLC | New | $793.8k62.8k shares |
| Walleye Capital LLC | Added | $319.8k25.3k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $295.8k23.4k shares |
| JANE STREET GROUP, LLC | Added | $283.1k22.4k shares |
| Walleye Trading LLC | Added | $237.6k18.8k shares |
| D. E. Shaw & Co., Inc. | Reduced | $189.6k15.0k shares |
| SIMPLEX TRADING, LLC | Added | $22.8k1.8k shares |
| GROUP ONE TRADING LLC | New | $19.0k1.5k shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $2.1m165.1k shares |
| D. E. Shaw & Co., Inc. | Added | $697.7k55.2k shares |
| JANE STREET GROUP, LLC | Added | $669.9k53.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $609.2k48.2k shares |
| Walleye Trading LLC | Reduced | $74.6k5.9k shares |
| Walleye Capital LLC | Added | $74.6k5.9k 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 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q4 2025 | 4 | $589.4k | 1 | $385.8k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-11-20 | Cooper Troy A. Director | Bought | $88.2k8.3k shares |
| 2025-11-17 | Kingshott Adrian Director | Bought | $100.5k9.3k shares |
| 2025-11-10 | Kerr Jason S. Chief Accounting Officer | Sold | $385.8k33.3k shares |
| 2025-11-10 | Wilkerson Andrew M. Chief Executive Officer, director · By Trust | Bought | $100.1k7.8k shares |
| 2025-11-10 | Wilkerson Andrew M. Chief Executive Officer, director | Bought | $49.3k3.9k shares |
| 2025-11-07 | Szlosek Thomas A Director · By Trust | Bought | $251.2k20.3k 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 2025
| Manager | Shares | Change |
|---|---|---|
| Orbis Allan Gray Ltd 1.84% of their portfolio | 34.7m $438.3m | Added +2.1m |
| MFN Partners Management, LP 7.37% of their portfolio | 27.6m $348.6m | Unchanged |
| BlackRock, Inc. 0.01% of their portfolio | 23.9m $302.1m | Added +68.1k |
| VANGUARD GROUP INC 0.00% of their portfolio | 17.3m $218.8m | Added +93.1k |
| Finepoint Capital LP 22.27% of their portfolio | 9.4m $118.7m | Added +2.1m |
| FIL Ltd 0.06% of their portfolio | 6.6m $83.0m | Added +14.0k |
| STATE STREET CORP 0.00% of their portfolio | 6.4m $80.5m | Added +230.1k |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 4.7m $59.6m | Reduced -5.3m |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 3.9m $49.0m | Added +18.1k |
| Douglas Lane & Associates, LLC 0.59% of their portfolio | 3.4m $43.1m | Reduced -459.3k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 2.4m $30.6m | Added +100.5k |
| MORGAN STANLEY 0.00% of their portfolio | 2.2m $28.0m | Added +521.4k |
| Hood River Capital Management LLC 0.28% of their portfolio | 2.0m $25.2m | Added +604.9k |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.21% of their portfolio | 1.6m $19.7m | Added +557.3k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 1.5m $19.5m | Reduced -114.9k |
| UBS Group AG 0.00% of their portfolio | 1.5m $19.2m | Reduced -640.3k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.4m $18.1m | Reduced -124.8k |
| Swedbank AB 0.02% of their portfolio | 1.4m $17.2m | Reduced -132.0k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 1.3m $17.0m | Added +362.1k |
| Invesco Ltd. 0.00% of their portfolio | 1.2m $14.8m | Added +216.4k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.00% of their portfolio | 1.1m $14.0m | Added +190.6k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 973.7k $12.3m | Reduced -8.2k |
| Penn Capital Management Company, LLC 0.97% of their portfolio | 960.1k $12.2m | Added +16.0k |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. 0.11% of their portfolio | 888.0k $11.2m | New |
| FRED ALGER MANAGEMENT, LLC 0.04% of their portfolio | 861.7k $10.9m | Reduced -68.5k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 782.3k $9.9m | Reduced -9.5k |
| KENNEDY CAPITAL MANAGEMENT LLC 0.19% of their portfolio | 719.7k $9.1m | New |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 649.2k $8.2m | Added +40.1k |
| PRIMECAP MANAGEMENT CO/CA/ 0.01% of their portfolio | 603.1k $7.6m | Unchanged |
| Public Sector Pension Investment Board 0.02% of their portfolio | 568.3k $7.2m | Reduced -71.3k |
| Divisar Capital Management LLC 1.97% of their portfolio | 555.0k $7.0m | Added +19.1k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 487.7k $6.2m | Reduced -1.8m |
| Nuveen, LLC 0.00% of their portfolio | 479.0k $6.1m | Reduced -561.7k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 474.1k $6.0m | Reduced -177.3k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 458.5k $5.8m | Reduced -11.3k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.02% of their portfolio | 448.3k $5.7m | Reduced -31.0k |
| 683 Capital Management, LLC 0.38% of their portfolio | 358.0k $4.5m | New |
| Legal & General Group Plc 0.00% of their portfolio | 343.6k $4.3m | Reduced -21.6k |
| Edgestream Partners, L.P. 0.12% of their portfolio | 329.7k $4.2m | Reduced -66.3k |
| SG Americas Securities, LLC 0.01% of their portfolio | 321.8k $4.1m | Added +281.3k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 316.8k $4.0m | Reduced -21.9k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 310.3k $3.9m | New |
| New Age Alpha Advisors, LLC 0.16% of their portfolio | 298.0k $3.8m | New |
| Attestor Capital Ltd 1.70% of their portfolio | 285.6k $3.6m | First filing |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 283.9k $3.6m | Reduced -24.0k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 276.7k $3.5m | Added +32.8k |
| Cornerstone Wealth Group, LLC 0.24% of their portfolio | 275.1k $3.5m | Added +13.3k |
| ROYCE & ASSOCIATES LP 0.03% of their portfolio | 270.0k $3.4m | New |
| BARCLAYS PLC 0.00% of their portfolio | 258.1k $3.3m | Reduced -17.4k |
| Verition Fund Management LLC 0.02% of their portfolio | 240.1k $3.0m | Reduced -277.4k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 238.0k $3.0m | Reduced -33.3k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 223.2k $2.8m | Added +28.5k |
| Swiss National Bank 0.00% of their portfolio | 210.2k $2.7m | Added +3.7k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 198.0k $2.5m | Added +113.3k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 196.5k $2.5m | Added +16.7k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 195.5k $2.5m | Added +56.6k |
| NATIXIS ADVISORS, LLC 0.00% of their portfolio | 193.3k $2.4m | Added +158.4k |
| Hodges Capital Management Inc. 0.19% of their portfolio | 175.6k $2.2m | Added +11.6k |
| KIRR MARBACH & CO LLC /IN/ 0.42% of their portfolio | 171.9k $2.2m | Reduced -17.2k |
| TWINBEECH CAPITAL LP 0.15% of their portfolio | 170.1k $2.1m | New |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 163.1k $2.1m | Added +20.9k |
| ALGERT GLOBAL LLC 0.03% of their portfolio | 160.4k $2.0m | Added +68.6k |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 153.4k $1.9m | Reduced -11.0k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 152.9k $1.9m | Added +5.1k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 141.8k $1.8m | Reduced -12.3k |
| CITIGROUP INC 0.00% of their portfolio | 136.9k $1.7m | Added +88.6k |
| KETTLE HILL CAPITAL MANAGEMENT, LLC 0.38% of their portfolio | 136.0k $1.7m | New |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.01% of their portfolio | 126.8k $1.6m | Reduced -12.0k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.01% of their portfolio | 118.1k $1.5m | New |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 116.7k $1.5m | Added +100 |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 112.8k $1.4m | Reduced -5.5k |
| Holocene Advisors, LP 0.00% of their portfolio | 111.6k $1.4m | Added +56.9k |
| COMERICA BANK 0.01% of their portfolio | 109.6k $1.4m | Added +24.4k |
| XTX Topco Ltd 0.04% of their portfolio | 106.8k $1.4m | Added +87.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 105.9k $1.3m | Reduced -168 |
| MetLife Investment Management, LLC 0.01% of their portfolio | 94.1k $1.2m | Reduced -3.4k |
| State of Alaska, Department of Revenue 0.01% of their portfolio | 93.9k $1.2m | Reduced -163.1k |
| HighVista Strategies LLC 0.30% of their portfolio | 90.9k $1.1m | Added +10.0k |
| Vestmark Advisory Solutions, Inc. 0.02% of their portfolio | 90.4k $1.1m | New |
| FMR LLC 0.00% of their portfolio | 90.3k $1.1m | Reduced -8.4k |
| SummitTX Capital, L.P. 0.03% of their portfolio | 89.4k $1.1m | New |
| Dynamic Technology Lab Private Ltd 0.25% of their portfolio | 87.6k $1.1m | New |
| GSA CAPITAL PARTNERS LLP 0.09% of their portfolio | 86.2k $1.1m | Added +64.2k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 77.7k $981.6k | Added +60.5k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 76.8k $970.6k | Reduced -4.8k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 75.5k $954.8k | Reduced -21 |
| Louisiana State Employees Retirement System 0.02% of their portfolio | 75.2k $950.5k | Reduced -200 |
| Game Creek Capital, LP 0.36% of their portfolio | 75.0k $948.0k | New |
| TECTONIC ADVISORS LLC 0.05% of their portfolio | 70.4k $889.5k | Added +7.3k |
| Motley Fool Wealth Management, LLC 0.06% of their portfolio | 66.1k $835.4k | Reduced -344.4k |
| Laurion Capital Management LP 0.05% of their portfolio | 62.4k $789.3k | New |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 60.5k $764.6k | New |
| INTECH INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 54.2k $685.1k | Reduced -8.0k |
| Quantinno Capital Management LP 0.00% of their portfolio | 52.6k $665.0k | Added +11.3k |
| Empowered Funds, LLC 0.01% of their portfolio | 52.2k $659.8k | New |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 51.2k $647.5k | Reduced -6.0k |
| Rialto Wealth Management, LLC 0.15% of their portfolio | 49.5k $626.2k | Added +22.2k |
| OPPENHEIMER & CO INC 0.01% of their portfolio | 49.4k $624.5k | Added +724 |
| AMALGAMATED BANK 0.00% of their portfolio | 47.6k $602.0k | Added +249 |
| Handelsbanken Fonder AB 0.00% of their portfolio | 46.7k $590.0k | Reduced -1.7k |