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 ($3.9m this quarter). Holder counts are more reliable. Shares outstanding: 164.9m as of 2026-05-05, 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 ≈ $14.62. Options: 4 managers hold calls ($505.9k notional), 7 hold puts ($19.1m).
Trends to Q1 2026
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 |
| Q1 2026 | 277 |
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 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 |
| Q1 2026 | 140 | 117 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $3.1m | $33.6m | 10.99 |
| Q3 2025 | $1.8m | $15.7m | 8.96 |
| Q4 2025 | $4.4m | $4.2m | 0.96 |
| Q1 2026 | $505.9k | $19.1m | 37.69 |
Biggest buyers
| Boston Partners | New | +2.5m |
| Hood River Capital Management LLC | Added | +2.5m |
| Orbis Allan Gray Ltd | Added | +1.7m |
| FRONTIER CAPITAL MANAGEMENT CO LLC | Added | +1.1m |
| KENNEDY CAPITAL MANAGEMENT LLC | Added | +976.5k |
| Finepoint Capital LP | Added | +684.8k |
| UBS Group AG | Added | +597.6k |
| Russell Investments Group, Ltd. | Added | +535.0k |
| PICTON MAHONEY ASSET MANAGEMENT | New | +534.1k |
| MFN Partners Management, LP | Added | +532.3k |
Biggest sellers
| WELLINGTON MANAGEMENT GROUP LLP | Sold out | -4.7m |
| MORGAN STANLEY | Reduced | -962.8k |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. | Sold out | -888.0k |
| FRANKLIN RESOURCES INC | Reduced | -474.5k |
| FRED ALGER MANAGEMENT, LLC | Reduced | -352.1k |
| JANE STREET GROUP, LLC | Sold out | -310.3k |
| SG Americas Securities, LLC | Reduced | -257.8k |
| GOLDMAN SACHS GROUP INC | Reduced | -237.6k |
| BARCLAYS PLC | Reduced | -227.9k |
| Edgestream Partners, L.P. | Reduced | -202.3k |
Biggest calls
| D. E. Shaw & Co., Inc. | Unchanged | $219.3k15.0k shares |
| JANE STREET GROUP, LLC | Reduced | $152.0k10.4k shares |
| Walleye Trading LLC | Reduced | $119.9k8.2k shares |
| SIMPLEX TRADING, LLC | Reduced | $14.6k1.0k shares |
Biggest puts
| Walleye Trading LLC | Added | $10.1m693.9k shares |
| GROUP ONE TRADING LLC | New | $3.3m224.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $1.9m132.5k shares |
| CITADEL ADVISORS LLC | Reduced | $1.1m72.4k shares |
| JANE STREET GROUP, LLC | Added | $1.0m70.6k shares |
| SIMPLEX TRADING, LLC | Added | $1.0m69.9k shares |
| D. E. Shaw & Co., Inc. | Reduced | $598.0k40.9k 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 Q1 2026
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 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 | — |
| Q1 2026 | 0 | — | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-02-12 | NANJI FARHAD +5 10% owner | Bought | $6.4m532.3k 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, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| Orbis Allan Gray Ltd 2.24% of their portfolio | 36.4m $532.1m | Added +1.7m |
| MFN Partners Management, LP 8.61% of their portfolio | 28.1m $411.0m | Added +532.3k |
| BlackRock, Inc. 0.01% of their portfolio | 24.2m $353.3m | Added +267.8k |
| Finepoint Capital LP 35.31% of their portfolio | 10.1m $147.3m | Added +684.8k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.01% of their portfolio | 9.0m $132.1m | First filing |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 7.4m $107.8m | First filing |
| STATE STREET CORP 0.00% of their portfolio | 6.6m $96.0m | Added +198.1k |
| FIL Ltd 0.07% of their portfolio | 6.5m $95.8m | Reduced -14.0k |
| Hood River Capital Management LLC 0.65% of their portfolio | 4.5m $65.1m | Added +2.5m |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 4.0m $58.3m | Added +110.6k |
| Douglas Lane & Associates, LLC 0.74% of their portfolio | 3.5m $51.3m | Added +99.8k |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.40% of their portfolio | 2.7m $38.8m | Added +1.1m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 2.6m $38.1m | Added +184.5k |
| Boston Partners 0.04% of their portfolio | 2.5m $36.5m | New |
| UBS Group AG 0.01% of their portfolio | 2.1m $31.0m | Added +597.6k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 2.0m $29.9m | Added +505.0k |
| KENNEDY CAPITAL MANAGEMENT LLC 0.53% of their portfolio | 1.7m $24.8m | Added +976.5k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.5m $21.9m | Added +63.9k |
| Invesco Ltd. 0.00% of their portfolio | 1.4m $19.9m | Added +189.6k |
| Penn Capital Management Company, LLC 1.53% of their portfolio | 1.3m $19.7m | Added +387.4k |
| MORGAN STANLEY 0.00% of their portfolio | 1.2m $18.3m | Reduced -962.8k |
| Swedbank AB 0.02% of their portfolio | 1.2m $16.9m | Reduced -200.0k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 1.1m $16.2m | Reduced -237.6k |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 1.1m $15.6m | First filing |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio | 1.1m $15.5m | Reduced -50.8k |
| Divisar Capital Management LLC 3.92% of their portfolio | 1.1m $15.4m | Added +497.5k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 961.6k $14.1m | Reduced -12.1k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.02% of their portfolio | 882.6k $12.9m | Added +233.4k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 798.3k $11.7m | Added +16.0k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 758.1k $11.1m | Added +535.0k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 724.1k $10.6m | Added +407.3k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 706.5k $10.3m | Added +232.4k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 634.2k $9.0m | Added +436.2k |
| PRIMECAP MANAGEMENT CO/CA/ 0.01% of their portfolio | 603.1k $8.8m | Unchanged |
| Public Sector Pension Investment Board 0.03% of their portfolio | 587.4k $8.6m | Added +19.0k |
| PICTON MAHONEY ASSET MANAGEMENT 0.08% of their portfolio | 534.1k $7.8m | New |
| FRED ALGER MANAGEMENT, LLC 0.03% of their portfolio | 509.6k $7.4m | Reduced -352.1k |
| Nuveen, LLC 0.00% of their portfolio | 482.3k $7.1m | Added +3.2k |
| ROYCE & ASSOCIATES LP 0.07% of their portfolio | 463.0k $6.8m | Added +193.0k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.03% of their portfolio | 454.7k $6.6m | Added +6.4k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 450.5k $6.6m | Reduced -8.0k |
| EMERALD ADVISERS, LLC 0.20% of their portfolio | 438.5k $6.4m | Added +438.4k |
| Legal & General Group Plc 0.00% of their portfolio | 315.4k $4.6m | Reduced -28.1k |
| MARSHALL WACE, LLP 0.00% of their portfolio | 310.8k $4.5m | Added +284.2k |
| New Age Alpha Advisors, LLC 0.20% of their portfolio | 286.4k $4.2m | Reduced -11.6k |
| Attestor Capital Ltd 1.10% of their portfolio | 285.6k $4.2m | Unchanged |
| EMERALD MUTUAL FUND ADVISERS TRUST 0.20% of their portfolio | 275.9k $4.0m | New |
| Cornerstone Wealth Group, LLC 0.35% of their portfolio | 275.4k $5.4m | Added +328 |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 270.1k $3.9m | Reduced -13.7k |
| INTRINSIC EDGE CAPITAL MANAGEMENT LLC 0.67% of their portfolio | 250.0k $3.7m | New |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 245.6k $3.6m | Reduced -31.1k |
| Swiss National Bank 0.00% of their portfolio | 210.2k $3.1m | Unchanged |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 193.6k $2.8m | Added +30.5k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 193.1k $2.4m | Reduced -3.3k |
| 683 Capital Management, LLC 0.24% of their portfolio | 180.0k $2.6m | Reduced -178.0k |
| CITIGROUP INC 0.00% of their portfolio | 170.9k $2.5m | Added +34.1k |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 169.0k $2.5m | Added +15.6k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 167.7k $2.5m | Added +14.9k |
| Verition Fund Management LLC 0.02% of their portfolio | 150.1k $2.2m | Reduced -90.0k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 146.3k $2.0m | Reduced -91.7k |
| FIFTH THIRD BANCORP 0.00% of their portfolio | 146.2k $2.1m | Added +145.6k |
| Holocene Advisors, LP 0.00% of their portfolio | 140.3k $2.1m | Added +28.7k |
| NATIXIS 0.01% of their portfolio | 138.8k $2.0m | New |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 136.4k $2.0m | Added +30.5k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 133.3k $1.9m | Added +55.7k |
| Edgestream Partners, L.P. 0.06% of their portfolio | 127.4k $1.9m | Reduced -202.3k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 111.3k $1.6m | Reduced -5.4k |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 109.6k $1.6m | Reduced -3.2k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio | 108.5k $1.6m | First filing |
| Illinois Municipal Retirement Fund 0.02% of their portfolio | 105.1k $1.5m | New |
| Vestmark Advisory Solutions, Inc. 0.02% of their portfolio | 96.7k $1.4m | Added +6.2k |
| Man Group plc 0.00% of their portfolio | 93.8k $1.4m | New |
| CONGRESS ASSET MANAGEMENT CO 0.01% of their portfolio | 93.3k $1.4m | New |
| State of Alaska, Department of Revenue 0.01% of their portfolio | 91.3k $1.3m | Reduced -2.6k |
| FMR LLC 0.00% of their portfolio | 91.3k $1.3m | Added +1.0k |
| MetLife Investment Management, LLC 0.01% of their portfolio | 89.4k $1.3m | Reduced -4.7k |
| Quantinno Capital Management LP 0.00% of their portfolio | 80.2k $1.2m | Added +27.6k |
| Aperture Investors, LLC 0.14% of their portfolio | 77.1k $1.1m | New |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 76.3k $1.1m | Added +744 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 74.7k $1.1m | Reduced -2.1k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 73.5k $1.1m | Reduced -122.0k |
| Louisiana State Employees Retirement System 0.02% of their portfolio | 72.8k $1.1m | Reduced -2.4k |
| Vanguard Global Advisers, LLC 0.00% of their portfolio | 65.1k $952.0k | First filing |
| SG Americas Securities, LLC 0.00% of their portfolio | 64.1k $937.0k | Reduced -257.8k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 62.3k $911.1k | New |
| EntryPoint Capital, LLC 0.26% of their portfolio | 60.7k $887.1k | New |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 54.5k $797.0k | New |
| Motley Fool Wealth Management, LLC 0.09% of their portfolio | 52.0k $760.9k | Reduced -14.0k |
| OPPENHEIMER & CO INC 0.01% of their portfolio | 49.8k $728.1k | Added +393 |
| Rialto Wealth Management, LLC 0.16% of their portfolio | 49.5k $724.3k | Unchanged |
| MBL Wealth, LLC 0.05% of their portfolio | 49.0k $716.6k | Added +39.0k |
| CARY STREET PARTNERS FINANCIAL LLC 0.02% of their portfolio | 48.9k $715.0k | Added +10.2k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio | 48.9k $714.4k | Added +2.8k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 48.0k $701.8k | New |
| AMALGAMATED BANK 0.01% of their portfolio | 47.2k $690.0k | Reduced -383 |
| Handelsbanken Fonder AB 0.00% of their portfolio | 46.7k $683.0k | Unchanged |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 46.5k $681.1k | Unchanged |
| FORMULA GROWTH LTD 0.30% of their portfolio | 45.0k $657.9k | Unchanged |
| YOUSIF CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 44.2k $645.9k | Reduced -398 |
| SOUTHEASTERN ASSET MANAGEMENT INC/TN/ 0.03% of their portfolio | 43.7k $639.3k | Unchanged |