Who Is Buying RTX (Raytheon)? Hedge Fund Activity in 2026
See which hedge funds are buying, selling, or holding RTX (RTX) based on latest 13F filings. 6 funds buying, institutional value $28.1B.
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Who Is Buying RTX (Raytheon)? Hedge Fund Activity in 2026
RTX Corporation — the defense and aerospace conglomerate formed from the merger of Raytheon and United Technologies — stands as one of the most diversified plays in the defense sector. With businesses spanning Pratt & Whitney jet engines, Raytheon missile systems, and Collins Aerospace avionics, RTX touches virtually every aspect of modern military and commercial aviation. The latest 13F filings reveal that institutional money managers are heavily tilted toward accumulation.
Of the 13 major funds actively holding RTX, 6 are buying while only 1 is selling. That 6-to-1 buy-sell ratio makes RTX one of the most consensus bullish defense names in our tracking universe — a sharp contrast to the bearish sentiment surrounding peer Lockheed Martin.
Quick Answer
Across the funds we read directly from SEC filings, the largest RTX position in the Q2 2026 13Fs (period ending 30 June 2026) is Citadel Advisors at $362M (1,907,254 shares). Measured against the size of each filer's book rather than in dollars, the most concentrated holder is Citadel Advisors, where RTX is 0.2% of everything they report. Every figure here is aggregated by CUSIP from the filer's own information table with put/call rows excluded — a 13F lists options beside shares, and adding them together is what produces the inflated stakes quoted elsewhere. Filings lag roughly 45 days: this is positioning as of 30 June 2026, not today, and not investment advice.
Institutional Activity at a Glance
- Funds Buying: 6
- Funds Selling: 1
- Funds Holding: 6
- Active Funds Tracked: 13 of 35
A 6-to-1 buy-sell ratio is a strong bullish signal, particularly when it spans both quantitative and fundamental strategies. The fact that 6 additional funds are holding steady suggests broad institutional comfort with RTX at current levels.
Who holds RTX, and how much it matters to them
Read from each filer's Q2 2026 information table (period ending 30 June 2026).
| Fund | Position | Shares | Share of the fund's 13F book |
|---|---|---|---|
| Citadel Advisors | $362M | 1,907,254 | 0.2% of $171.84B |
| Millennium Management | $234M | 1,233,514 | 0.2% of $142.92B |
| Renaissance Technologies | $44M | 234,046 | 0.1% of $72.62B |
| Bridgewater Associates | $5.0M | 26,182 | 0.0% of $24.38B |
The last column is the one worth reading. A multi-strategy fund reporting a $100B+ book can hold a large dollar amount of RTX that means almost nothing to it, while a concentrated fund holding less in dollars may have several percent of its entire book in the name. Rankings by dollar value hide exactly that difference.
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Comparing each filer's Q1 2026 table with its Q2 2026 one, by share count — the change is what shows conviction, not the size of the position.
| Fund | Q1 2026 shares | Q2 2026 shares | Change |
|---|---|---|---|
| Renaissance Technologies | 0 | 234,046 | new position |
| Bridgewater Associates | 0 | 26,182 | new position |
| Citadel Advisors | 1,129,201 | 1,907,254 | +69% |
| Millennium Management | 1,534,350 | 1,233,514 | -20% |
A fund absent from this table reported no RTX position in either quarter.
Track RTX with Freenance Smart Money
Track RTX and 77,111 other institutional positions across 35 hedge funds with $21.4 trillion in combined AUM. See real-time buying and selling activity at app.freenance.io/smart-money/ticker/RTX.
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FAQ
Why is RTX considered more diversified than other defense names?
RTX combines defense businesses — Raytheon missiles and defense systems, Collins Aerospace avionics — with Pratt & Whitney commercial jet engines. That gives revenue exposure to both government defense budgets and the commercial aviation cycle. Many institutional buyers cite this dual exposure as a reason the name screens differently from pure-play primes.
How important is the multi-year backlog for the bull case?
RTX's reported backlog has been in the $200B+ range, providing several years of revenue visibility on existing contracts. Quantitative funds in particular tend to favor names with predictable, contracted revenue streams. Backlog conversion timing is still subject to supply chain and execution risk, which is why the bull case is "high visibility," not "guaranteed."
What is the Pratt & Whitney GTF issue and why does it matter?
Pratt & Whitney's geared turbofan engine family has been working through a multi-year inspection and repair program tied to powder metal issues, which has driven aircraft on ground (AOG) headlines and large charges in recent years. Resolution pace affects RTX cash flow, customer compensation, and margin trajectory. Many institutional notes specifically flag this as the key risk to the otherwise bullish setup.
Why is a "NEW" Renaissance Technologies position notable here?
Renaissance opened a fresh ~$51.3M RTX position in the reported quarter, which on a 13F means they previously had no disclosed long position. Their systematic process tends to take positions when statistical signals align — value, momentum, quality, etc. — so a new entry is read as another independent signal, not as a fundamental endorsement.
Is heavy institutional buying a green light for individual investors?
A 6:1 buy/sell ratio is unusually clean, but 13Fs are backward-looking and do not capture hedges, options, or shorts. The signal is useful for understanding sentiment and flow, not as a substitute for evaluating valuation, your time horizon, and your own risk tolerance. Treat it as one informational input among several.