RXO Stock Has Surged 75% Since This Fund Made a $10 Million Bet
Key Points
Finepoint Capital added 684,829 RXO shares, an estimated $10.05 million trade based on average first-quarter pricing.
The quarter-end RXO position value rose by $28.60 million, reflecting both trading activity and stock price movement.
This transaction represented a 0.51% change relative to Finepoint’s $1.95 billion in reportable U.S. equity assets.
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On May 14, 2026, Finepoint Capital LP disclosed a first-quarter buy of 684,829 RXO (NYSE:RXO) shares, an estimated $10.05 million trade based on quarterly average pricing.
What happened
According to a SEC filing dated May 14, 2026, Finepoint Capital LP acquired 684,829 additional shares of RXO. The estimated transaction value was $10.05 million, calculated using the mean unadjusted close for the first quarter. At quarter-end, Finepoint held 10,073,618 RXO shares, with the position valued at $147.28 million. The net position change for the quarter, including both share purchases and price movement, was $28.60 million.
What else to know
- Top holdings after the filing:
- NYSE:QXO: $269.13 million
- NYSE:RXO: $147.28 million
- NASDAQ:ANNA: $229,774
- NYSEMKT:CLDI: $249
- As of Friday, RXO shares were priced at $25.58, up 62% over the past year and well outperforming the S&P 500, which is up 28%.
Company overview
| Metric | Value |
|---|---|
| Revenue (TTM) | $5.73 billion |
| Net Income (TTM) | ($105.00 million) |
| Price (as of Friday) | $25.58 |
Company snapshot
- RXO provides truckload freight brokerage, managed transportation, last mile, and freight forwarding services, primarily through a proprietary digital freight marketplace.
- The company operates an asset-light business model, generating revenue by connecting shippers with truckload capacity and offering complementary logistics solutions.
- Primary customers include businesses across various industries in the United States seeking efficient, technology-enabled freight transportation services.
RXO leverages a digital platform to optimize logistics and transportation solutions for a broad range of U.S. industries, focusing on scalable, asset-light operations.
What this transaction means for investors
Finepoint was already heavily invested in RXO, but adding to the position during the first quarter suggests conviction that improving industry conditions weren't yet reflected in the stock price, and the timing has certainly worked out so far. Shares have surged roughly 75% since the end of March, indicating the market has started to embrace the same recovery narrative. But management argues the story may still be in its early innings. CEO Drew Wilkerson said full truckload volume improved every month during the first quarter and pointed to signs of a supply-driven freight recovery as carriers continue exiting the market. The company also expects a "significant sequential improvement" in second-quarter profitability.
Results otherwise remain mixed. First-quarter revenue was essentially flat at $1.43 billion, while adjusted EBITDA fell to $6 million from $22 million a year ago. However, RXO's managed transportation segment won more than $100 million of freight under management during the quarter, and its late-stage sales pipeline expanded by more than $200 million.
For long-term investors, the key question is whether freight demand and pricing continue improving. Finepoint's growing $147 million stake suggests it believes the industry's next upcycle could have considerably more room to run.
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Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends QXO. The Motley Fool recommends RXO. The Motley Fool has a disclosure policy.
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