As aggregate interest increased, key hedge funds have jumped into Rackspace Technology, Inc. (NASDAQ:RXT) headfirst. Point72 Asset Management, managed by Steve Cohen, established the biggest position in Rackspace Technology, Inc. (NASDAQ:RXT). Point72 Asset Management had $45.5 million invested in the company at the end of the quarter. David Rosen's Rubric Capital Management also made a $37.7 million investment in the stock during the quarter. The other funds with brand new RXT positions are Anand Parekh's Alyeska Investment Group, Marc Lisker, Glenn Fuhrman and John Phelan's MSDC Management, and Stuart J. Zimmer's Zimmer Partners.