Reddit
RDDT
180 hedge funds and large institutions have $2.01B invested in Reddit in 2024 Q2 according to their latest regulatory filings, with 87 funds opening new positions, 39 increasing their positions, 20 reducing their positions, and 35 closing their positions.
149% more first-time investments, than exits
New positions opened: 87 | Existing positions closed: 35
95% more repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 20
91% more capital invested
Capital invested by funds: $1.05B → $2.01B (+$955M)
50% more funds holding in top 10
Funds holding in top 10: 6 → 9 (+3)
41% more funds holding
Funds holding: 128 → 180 (+52)
17.63% more ownership
Funds ownership: 53.11% → 70.74% (+18%)
0% less call options, than puts
Call options by funds: $215M | Put options by funds: $216M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SPPAM
Summit Partners Public Asset Management
Boston,
Massachusetts
|
+$85.8M |
| 2 |
Holocene Advisors
New York
|
+$57.1M |
| 3 |
Balyasny Asset Management
Chicago,
Illinois
|
+$54.7M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$41.1M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
+$34.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$23.1M |
| 2 |
Norges Bank
Oslo,
Norway
|
-$19.1M |
| 3 |
LP
LMR Partners
London,
United Kingdom
|
-$18.5M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$17M |
| 5 |
Viking Global Investors
Stamford,
Connecticut
|
-$11.1M |
RDDT Hedge Fund Activity: Q2 2024 in Review
180 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Reddit (RDDT) for Q2 2024, worth a combined $2.01B — up 91% from $1.05B a quarter earlier.
Buyers outnumbered sellers: 87 funds opened new RDDT positions and 35 closed out — a net gain of 52 holders — while 39 added to existing stakes and 20 trimmed.
The largest buyer was Summit Partners Public Asset Management, opening a new position worth an estimated $85.8M. The largest seller was T. Rowe Price Associates, cutting an estimated $23.1M.
- 180 institutional investors held Reddit (RDDT) as of Q2 2024, up from 128 in Q1 2024.
- Funds reported $2.01B of Reddit stock for Q2 2024, up 91% quarter-over-quarter.
- 87 funds opened new Reddit positions in Q2 2024 and 35 closed out, a net change of +52 holders.
- The largest Reddit buyer in Q2 2024 was Summit Partners Public Asset Management, an estimated $85.8M added.
- The largest Reddit seller in Q2 2024 was T. Rowe Price Associates, an estimated $23.1M sold.
Based on aggregated 13F filings for Q2 2024.