RideNow Group
RDNW
56 hedge funds and large institutions have $53.1M invested in RideNow Group in 2023 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 23 increasing their positions, 15 reducing their positions, and 6 closing their positions.
626% more call options, than puts
Call options by funds: $276K | Put options by funds: $38K
53% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 15
50% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 6
14% more capital invested
Capital invested by funds: $46.6M → $53.1M (+$6.48M)
9.16% more ownership
Funds ownership: 44.59% → 53.75% (+9.2%)
4% more funds holding
Funds holding: 54 → 56 (+2)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SHCM
Stone House Capital Management
Bay Harbor Islands,
Florida
|
+$13.3M |
| 2 |
UOC
UBS O'Connor
Chicago,
Illinois
|
+$1.22M |
| 3 |
NCM
Nantahala Capital Management
New Canaan,
Connecticut
|
+$617K |
| 4 |
FP
Foundry Partners
Minneapolis,
Minnesota
|
+$444K |
| 5 |
Invesco
Atlanta,
Georgia
|
+$386K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Adage Capital Partners
Boston,
Massachusetts
|
-$1.29M |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
-$991K |
| 3 |
Goldman Sachs
New York
|
-$876K |
| 4 |
BRF
B. Riley Financial
Los Angeles,
California
|
-$405K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$242K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Federated Hermes
Pittsburgh,
Pennsylvania
| $1.94K | -$2.54K | -311 | -49% |
|
|
NMG
52
New Millennium Group
Sandy,
Utah
| $158 | – | – | – |
|
|
EI
53
Ellevest Inc
New York
| $30 | +$41 | +5 | New |
|
54
Citigroup
New York
| $6 | -$579 | -71 | -99% |
|
|
55
Adage Capital Partners
Boston,
Massachusetts
| – | -$1.29M | -199,869 | Closed |
|
|
BRF
56
B. Riley Financial
Los Angeles,
California
| – | -$405K | -62,521 | Closed |
|
57
Acadian Asset Management
Boston,
Massachusetts
| – | -$142K | -22,084 | Closed |
|
58
Marshall Wace
London,
United Kingdom
| – | -$84.1K | -13,000 | Closed |
|
59
Squarepoint
New York
| – | -$81.5K | -12,604 | Closed |
|
60
Arrowstreet Capital
Boston,
Massachusetts
| – | -$80K | -12,381 | Closed |
|
61
Nisa Investment Advisors
St. Louis,
Missouri
| – | +$65 | +8 | New |
|
RDNW Hedge Fund Activity: Q1 2023 in Review
56 of the 6,276 institutional investors tracked by Wall St. Rank reported a position in RideNow Group (RDNW) for Q1 2023, worth a combined $53.1M — up 14% from $46.6M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new RDNW positions and 6 closed out — a net gain of 3 holders — while 23 added to existing stakes and 15 trimmed.
The largest buyer was Stone House Capital Management, opening a new position worth an estimated $13.3M. The largest seller was Adage Capital Partners, exiting entirely with an estimated $1.29M sold.
- 56 institutional investors held RideNow Group (RDNW) as of Q1 2023, up from 54 in Q4 2022.
- Funds reported $53.1M of RideNow Group stock for Q1 2023, up 14% quarter-over-quarter.
- 9 funds opened new RideNow Group positions in Q1 2023 and 6 closed out, a net change of +3 holders.
- The largest RideNow Group buyer in Q1 2023 was Stone House Capital Management, an estimated $13.3M added.
- The largest RideNow Group seller in Q1 2023 was Adage Capital Partners, an estimated $1.29M sold.
Based on aggregated 13F filings for Q1 2023.