RXO (NYSE:RXO) saw MFN Partners Management, LP disclose a buy of 532,276 shares, with an estimated transaction value of $7.81 million based on quarterly average pricing, in its May 14, 2026, SEC filing.
What happened According to a May 14, 2026, SEC filing, MFN Partners Management, LP bought 532,276 additional shares of RXO
The estimated value of this trade was $7.81 million, calculated using the mean unadjusted closing price of RXO for the first quarter of 2026. The fund’s quarter-end position in RXO increased in value by $62.39 million, reflecting the impact of both new purchases and share price changes. What else to know Following the buy, RXO accounts for 8.61% of MFN Partners Management, LP’s reportable 13F assets.
Top holdings after the filing: – NYSE: XPO: $2,222,805,539 (46.6% of AUM) – NASDAQ: TLN: $957,690,000 (20.1% of AUM) – NYSE: QXO: $455,483,477 (9.5% of AUM) – NYSE: RXO: $410,967,352 (8.6% of AUM) – NYSE: PFSI: $396,078,621 (8.3% of AUM) As of May 13, 2026, RXO shares were priced at $19.81, up 19.19% over the past year, underperforming the S&P 500 by 7.27 percentage points. Company Overview Company Snapshot – Provides truckload freight brokerage, managed transportation, last-mile, and freight forwarding services through a proprietary digital freight marketplace. – Operates an asset-light business model, generating revenue by connecting shippers with available trucking capacity and earning fees for brokering transportation services. – Serves a broad range of commercial customers across the United States, focusing on shippers seeking efficient, technology-driven freight solutions. RXO is a leading provider of truckload freight brokerage services in the United States, leveraging a proprietary digital platform to match shippers with transportation capacity.