Who owns RAC
Which tracked institutional funds hold RAC, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See RAC company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-08-19). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
The tracked-fund tape on RAC is one-sided between 2026-Q1 and 2026-Q2: 16 added or opened and 4 trimmed or exited — on balance accumulating.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
RAC’s largest tracked holder by dollar value, Empyrean Capital Partners, LP, sizes it at 0.9% of its own reported 13F book, while the median holder sizes it at 0.1% of theirs — a 0.8pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in RAC divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2026-Q1 and 2026-Q2, across 47 tracked filers holding RAC, 13 increased or opened the position and 9 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in RAC between the 2026-Q1 and 2026-Q2 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 4
- BOUSSARD & GAVAUDAN GESTION SAS$8M
- Rithm Capital Corp.$7M
- Stanley-Laman Group, Ltd.$2M
- Conversant Capital LLC$564K
Full exits 4
- Empyrean Capital Partners, LP$23M
- Boussard & Gavaudan Investment Management LLP$8M
- TENOR CAPITAL MANAGEMENT Co., L.P.$3M
- GLAZER CAPITAL, LLC$3M
Largest adds
- Fort Baker Capital Management LP$16M
- Centiva Capital, LP$3M
- Verition Fund Management LLC$3M
- Shaolin Capital Management LLC$1M
- AQR Arbitrage LLC$804K
- TORONTO DOMINION BANK$536K
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| Magnetar Financial LLC | 1,980,000 | $21M | 7.6% | 2026-Q2 |
| Fort Baker Capital Management LP added | 1,950,405 | $20M | 7.5% | 2026-Q2 |
| Hudson Bay Capital Management LP | 1,499,500 | $16M | 5.8% | 2026-Q2 |
| AQR Arbitrage LLC added | 1,435,463 | $15M | 5.5% | 2026-Q2 |
| Linden Advisors LP | 1,100,000 | $12M | 4.2% | 2026-Q2 |
| D. E. Shaw & Co., Inc. | 1,090,000 | $11M | 4.2% | 2026-Q2 |
| Alberta Investment Management Corp | 980,000 | $10M | 3.8% | 2026-Q2 |
| PICTON MAHONEY ASSET MANAGEMENT added | 805,089 | $8M | 3.1% | 2026-Q2 |
| LMR Partners LLP | 800,000 | $8M | 3.1% | 2026-Q2 |
| BOUSSARD & GAVAUDAN GESTION SAS new | 768,000 | $8M | 3.0% | 2026-Q2 |
| TWO SIGMA INVESTMENTS, LP | 725,000 | $8M | 2.8% | 2026-Q2 |
| Rithm Capital Corp. new | 660,000 | $7M | 2.6% | 2026-Q2 |
| TORONTO DOMINION BANK trimmed | 611,000 | $6M | 2.4% | 2026-Q2 |
| MOORE CAPITAL MANAGEMENT, LP | 500,000 | $5M | 1.9% | 2026-Q2 |
| Verition Fund Management LLC added | 415,100 | $4M | 1.6% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC | 412,062 | $4M | 1.6% | 2026-Q2 |
| Radcliffe Capital Management, L.P. | 406,297 | $4M | 1.6% | 2026-Q2 |
| WHITEBOX ADVISORS LLC | 400,000 | $4M | 1.5% | 2026-Q2 |
| Periscope Capital Inc. added | 385,400 | $4M | 1.5% | 2026-Q2 |
| First Trust Capital Management L.P. | 352,000 | $4M | 1.4% | 2026-Q2 |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS | 350,000 | $4M | 1.4% | 2026-Q2 |
| Centiva Capital, LP added | 336,651 | $4M | 1.3% | 2026-Q2 |
| BERKLEY W R CORP | 298,200 | $3M | 1.2% | 2026-Q2 |
| ARISTEIA CAPITAL, L.L.C. | 261,900 | $3M | 1.0% | 2026-Q2 |
| Shaolin Capital Management LLC added | 202,450 | $2M | 0.8% | 2026-Q2 |
| DLD Asset Management, LP trimmed | 200,071 | $2M | 0.8% | 2026-Q2 |
| MILLENNIUM MANAGEMENT LLC | 200,000 | $2M | 0.8% | 2026-Q2 |
| GRITSTONE ASSET MANAGEMENT LLC | 197,598 | $2M | 0.8% | 2026-Q2 |
| Schonfeld Strategic Advisors LLC added | 194,200 | $2M | 0.7% | 2026-Q2 |
| Stanley-Laman Group, Ltd. new | 202,829 | $2M | 0.7% | 2026-Q2 |
| SONA ASSET MANAGEMENT (US) LLC | 136,178 | $1M | 0.5% | 2026-Q2 |
| O'Connor Alternative Investments LLC | 100,000 | $1M | 0.4% | 2026-Q2 |
| RIVERNORTH CAPITAL MANAGEMENT, LLC trimmed | 74,628 | $784K | 0.3% | 2026-Q2 |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | 55,000 | $575K | 0.2% | 2026-Q2 |
| Conversant Capital LLC new | 868,333 | $564K | 0.2% | 2026-Q2 |
| BNP PARIBAS FINANCIAL MARKETS | 53,793 | $563K | 0.2% | 2026-Q2 |
| Lineage Point Capital LP | 50,333 | $526K | 0.2% | 2026-Q2 |
| READYSTATE ASSET MANAGEMENT LP | 50,000 | $523K | 0.2% | 2026-Q2 |
| CITIGROUP INC trimmed | 50,000 | $523K | 0.2% | 2026-Q2 |
| JPMORGAN CHASE & CO | 50,000 | $521K | 0.2% | 2026-Q2 |
| MIZUHO SECURITIES USA LLC | 50,000 | $518K | 0.2% | 2026-Q2 |
| Clear Street Group Inc. trimmed | 41,498 | $434K | 0.2% | 2026-Q2 |
| ROBINSON CAPITAL MANAGEMENT, LLC | 15,250 | $160K | 0.1% | 2026-Q2 |
| CSS LLC/IL new | 144,866 | $99K | 0.0% | 2026-Q2 |
| K2 PRINCIPAL FUND, L.P. trimmed | 116,000 | $64K | 0.0% | 2026-Q2 |
| Saba Capital Management, L.P. new | 25,000 | $16K | 0.0% | 2026-Q2 |
| UBS Group AG | 889 | $9K | 0.0% | 2026-Q2 |
| Empyrean Capital Partners, LP added | 2,230,000 | $23M | 8.6% | 2026-Q1 stale (1 quarter behind) |
| TENOR CAPITAL MANAGEMENT Co., L.P. | 300,000 | $3M | 1.2% | 2026-Q1 stale (1 quarter behind) |
| GLAZER CAPITAL, LLC trimmed | 264,775 | $3M | 1.0% | 2026-Q1 stale (1 quarter behind) |
| Diametric Capital, LP trimmed | 24,483 | $255K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| Virtu Financial LLC added | 20,034 | $208K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| METEORA CAPITAL, LLC new | 1,783,286 | $19M | 6.8% | 2025-Q4 stale (2 quarters behind) |
| Lighthouse Investment Partners, LLC new | 750,000 | $8M | 2.8% | 2025-Q2 stale (4 quarters behind) |
| Vinva Investment Management Ltd new | 17,625 | $308K | 0.1% | 2025-Q2 stale (4 quarters behind) |
| CLEAR STREET LLC new | 25,162 | $256K | 0.1% | 2025-Q2 stale (4 quarters behind) |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. new | 0 | — | 0.0% | 2025-Q2 stale (4 quarters behind) |
2 parent filings withheld from the table above, and from the coverage figures, to avoid listing one book twice: Boussard & Gavaudan Investment Management LLP (last filed 2026-Q1, 768,000 shares) reconciles to its 1 current affiliate (768,000 shares) — 0.000% apart; OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) (last filed 2025-Q4, 100,000 shares) reconciles to its 1 current affiliate (100,000 shares) — 0.000% apart.
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.