RideNow Group
RDNW
15 hedge funds and large institutions have $4.57M invested in RideNow Group in 2020 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 4 increasing their positions, 5 reducing their positions, and 16 closing their positions.
213% more capital invested
Capital invested by funds: $1.46M → $4.57M (+$3.11M)
18.22% more ownership
Funds ownership: 0.81% → 19.03% (+18%)
20% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 5
46% less funds holding
Funds holding: 28 → 15 (-13)
81% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CPA
Cowen Prime Advisors
New York
|
+$893K |
| 2 |
Millennium Management
New York
|
+$504K |
| 3 |
Morgan Stanley
New York
|
+$15.4K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$8.96K |
| 5 |
TRCT
Tower Research Capital (TRC)
New York
|
+$1.02K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SAM
Silverback Asset Management
Chapel Hill,
North Carolina
|
-$175K |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
-$101K |
| 3 |
TMC
Trellus Management Company
Delray Beach,
Florida
|
-$75K |
| 4 |
GIM
Granahan Investment Management
Waltham,
Massachusetts
|
-$58.9K |
| 5 |
Goldman Sachs
New York
|
-$30K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Victory Capital Management
San Antonio,
Texas
| – | -$2K | -439 | Closed |
|
27
Bank of America
Charlotte,
North Carolina
| – | -$2.48K | -312 | -100% |
|
28
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | +$80 | +10 | +63% |
|
|
PAG
29
Private Advisor Group
Morristown,
New Jersey
| – | +$327 | +41 | New |
|
RDNW Hedge Fund Activity: Q2 2020 in Review
15 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in RideNow Group (RDNW) for Q2 2020, worth a combined $4.57M — up 213% from $1.46M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of RDNW and 3 opened new positions — a net loss of 13 holders — while 5 trimmed existing stakes and 4 added.
The largest buyer was Cowen Prime Advisors, opening a new position worth an estimated $893K. The largest seller was Silverback Asset Management, cutting an estimated $175K.
- 15 institutional investors held RideNow Group (RDNW) as of Q2 2020, down from 28 in Q1 2020.
- Funds reported $4.57M of RideNow Group stock for Q2 2020, up 213% quarter-over-quarter.
- 3 funds opened new RideNow Group positions in Q2 2020 and 16 closed out, a net change of -13 holders.
- The largest RideNow Group buyer in Q2 2020 was Cowen Prime Advisors, an estimated $893K added.
- The largest RideNow Group seller in Q2 2020 was Silverback Asset Management, an estimated $175K sold.
Based on aggregated 13F filings for Q2 2020.