RXO (NYSE: RXO) reported third-quarter 2026 revenue of $1.871 billion, up from $1.421 billion a year earlier, and GAAP net income of $3 million, compared with a $14 million net loss in the prior-year quarter.
GAAP basic and diluted earnings per share were both $0.02. The company said C.H. Robinson has agreed to acquire RXO in a stock-and-cash transaction with an implied value of $5.8 billion, with closing expected in the first half of 2027 subject to customary conditions.
- Third-quarter gross margin was 14.6%, versus 16.5% a year earlier.
- Brokerage truckload volume grew 3% year over year, while total Brokerage volume increased 2%.
- Truckload spot mix reached 51% of volume, up from 42% in the second quarter of 2026.
- Last Mile stops increased 5% year over year.
- Managed Transportation was awarded approximately $140 million of freight under management.
- RXO will not host an earnings conference call because of the proposed C.H. Robinson transaction.
$RXO Hedge Fund Activity
We have seen 151 institutional investors add shares of $RXO stock to their portfolio, and 122 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- FINEPOINT CAPITAL LP removed 4,718,173 shares (-46.8%) from their portfolio in Q2 2026, for an estimated $130,174,393
- FIL LTD removed 3,925,000 shares (-59.9%) from their portfolio in Q2 2026, for an estimated $108,290,750
- SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 2,613,414 shares (+inf%) to their portfolio in Q2 2026, for an estimated $72,104,092
- MAPLE ROCK CAPITAL PARTNERS INC. added 2,583,655 shares (+inf%) to their portfolio in Q2 2026, for an estimated $71,283,041
- HOOD RIVER CAPITAL MANAGEMENT LLC added 2,026,330 shares (+45.5%) to their portfolio in Q2 2026, for an estimated $55,906,444
- FRONTIER CAPITAL MANAGEMENT CO LLC removed 1,625,314 shares (-61.3%) from their portfolio in Q2 2026, for an estimated $44,842,413
- UBS GROUP AG removed 1,208,185 shares (-57.1%) from their portfolio in Q2 2026, for an estimated $33,333,824
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
