Reddit
RDDT
287 hedge funds and large institutions have $5.09B invested in Reddit in 2024 Q3 according to their latest regulatory filings, with 141 funds opening new positions, 92 increasing their positions, 17 reducing their positions, and 31 closing their positions.
441% more repeat investments, than reductions
Existing positions increased: 92 | Existing positions reduced: 17
355% more first-time investments, than exits
New positions opened: 141 | Existing positions closed: 31
153% more capital invested
Capital invested by funds: $2.01B → $5.09B (+$3.08B)
111% more funds holding in top 10
Funds holding in top 10: 9 → 19 (+10)
59% more funds holding
Funds holding: 180 → 287 (+107)
14% more call options, than puts
Call options by funds: $247M | Put options by funds: $216M
10.59% more ownership
Funds ownership: 70.74% → 81.32% (+11%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$565M |
| 2 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
+$149M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$147M |
| 4 |
Point72 Asset Management
Stamford,
Connecticut
|
+$138M |
| 5 |
Holocene Advisors
New York
|
+$119M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ICP
Inclusive Capital Partners
San Francisco,
California
|
-$133M |
| 2 |
VM
Valor Management
Chicago,
Illinois
|
-$85.4M |
| 3 |
MC
Maverick Capital
Dallas,
Texas
|
-$47.4M |
| 4 |
Bank of New York Mellon
New York
|
-$22.9M |
| 5 |
KCM
Kodai Capital Management
Chicago,
Illinois
|
-$19.1M |
RDDT Hedge Fund Activity: Q3 2024 in Review
287 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Reddit (RDDT) for Q3 2024, worth a combined $5.09B — up 153% from $2.01B a quarter earlier.
Buyers outnumbered sellers: 141 funds opened new RDDT positions and 31 closed out — a net gain of 110 holders — while 92 added to existing stakes and 17 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $565M. The largest seller was Inclusive Capital Partners, exiting entirely with an estimated $133M sold.
- 287 institutional investors held Reddit (RDDT) as of Q3 2024, up from 180 in Q2 2024.
- Funds reported $5.09B of Reddit stock for Q3 2024, up 153% quarter-over-quarter.
- 141 funds opened new Reddit positions in Q3 2024 and 31 closed out, a net change of +110 holders.
- The largest Reddit buyer in Q3 2024 was Fidelity Investments, an estimated $565M added.
- The largest Reddit seller in Q3 2024 was Inclusive Capital Partners, an estimated $133M sold.
Based on aggregated 13F filings for Q3 2024.