RXO (NYSE:RXO) Hedge Fund Increases Position by 532,276 Shares

AI Summary

MFN Partners Management, LP disclosed a purchase of 532,276 shares of RXO (NYSE:RXO) valued at $7.81 million, according to a May 14, 2026, SEC filing. Post-purchase, RXO comprises 8.61% of MFN's reportable 13F assets. RXO's shares were priced at $19.81 as of May 13, 2026, reflecting a one-year increase of 19.19%, while underperforming the S&P 500 by 7.27 percentage points. Year-to-date, RXO shares have advanced by 93%, significantly outperforming the S&P 500's 10% gain.