Rite Aid Corporation
RAD was delisted on the 13th of October, 2023.
141 hedge funds and large institutions have $62.5M invested in Rite Aid Corporation in 2023 Q1 according to their latest regulatory filings, with 23 funds opening new positions, 31 increasing their positions, 47 reducing their positions, and 34 closing their positions.
9% less funds holding
Funds holding: 155 → 141 (-14)
29% less capital invested
Capital invested by funds: $88.4M → $62.5M (-$26M)
32% less first-time investments, than exits
New positions opened: 23 | Existing positions closed: 34
34% less repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 47
77% less call options, than puts
Call options by funds: $4.6M | Put options by funds: $19.8M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Charles Schwab
San Francisco,
California
|
+$8.62M |
| 2 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
+$5M |
| 3 |
GC
GMT Capital
Atlanta,
Georgia
|
+$4.92M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$3.56M |
| 5 |
Renaissance Technologies
New York
|
+$2.45M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$7.09M |
| 2 |
GCM
Graham Capital Management
Rowayton,
Connecticut
|
-$1.8M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$1.54M |
| 4 |
AIMCA
Alberta Investment Management Corp (AIMCo)
Edmonton,
Alberta, Canada
|
-$1.46M |
| 5 |
D.E. Shaw & Co
New York
|
-$1.23M |
RAD Hedge Fund Activity: Q1 2023 in Review
141 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Rite Aid Corporation (RAD) for Q1 2023, worth a combined $62.5M — down 29% from $88.4M a quarter earlier.
Sellers outnumbered buyers: 34 funds closed out of RAD and 23 opened new positions — a net loss of 11 holders — while 47 trimmed existing stakes and 31 added.
The largest buyer was Charles Schwab, adding an estimated $8.62M. The largest seller was Millennium Management, exiting entirely with an estimated $7.09M sold.
- 141 institutional investors held Rite Aid Corporation (RAD) as of Q1 2023, down from 155 in Q4 2022.
- Funds reported $62.5M of Rite Aid Corporation stock for Q1 2023, down 29% quarter-over-quarter.
- 23 funds opened new Rite Aid Corporation positions in Q1 2023 and 34 closed out, a net change of -11 holders.
- The largest Rite Aid Corporation buyer in Q1 2023 was Charles Schwab, an estimated $8.62M added.
- The largest Rite Aid Corporation seller in Q1 2023 was Millennium Management, an estimated $7.09M sold.
Based on aggregated 13F filings for Q1 2023.