RideNow Group
RDNW
45 hedge funds and large institutions have $49.3M invested in RideNow Group in 2023 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 15 increasing their positions, 11 reducing their positions, and 13 closing their positions.
414% more call options, than puts
Call options by funds: $1.78M | Put options by funds: $346K
36% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 11
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
2.95% less ownership
Funds ownership: 50.95% → 47.99% (-3%)
13% less funds holding
Funds holding: 52 → 45 (-7)
38% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 13
53% less capital invested
Capital invested by funds: $104M → $49.3M (-$55.1M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NCM
Nantahala Capital Management
New Canaan,
Connecticut
|
+$2.69M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$1.16M |
| 3 |
USPCM
Union Square Park Capital Management
New York
|
+$784K |
| 4 |
Barclays
London,
United Kingdom
|
+$147K |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
+$140K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citigroup
New York
|
-$2.41M |
| 2 |
FP
Foundry Partners
Minneapolis,
Minnesota
|
-$2.19M |
| 3 |
SAM
Silverback Asset Management
Chapel Hill,
North Carolina
|
-$1.89M |
| 4 |
UOC
UBS O'Connor
Chicago,
Illinois
|
-$1.47M |
| 5 |
OQS
Occudo Quantitative Strategies
Fort Lauderdale,
Florida
|
-$515K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Squarepoint
New York
| – | -$135K | -10,889 | Closed |
|
|
YIH
52
Y-Intercept (HK)
Hong Kong
| – | -$125K | -10,115 | Closed |
|
53
Simplex Trading
Chicago,
Illinois
| – | -$74.1K | -9,189 | Closed |
|
|
TRCT
54
Tower Research Capital (TRC)
New York
| – | -$85.6K | -6,927 | Closed |
|
55
Citadel Advisors
Miami,
Florida
| – | -$11K | -1,367 | Closed |
|
56
New York State Common Retirement Fund
Albany,
New York
| – | -$1.09K | -88 | Closed |
|
57
Nisa Investment Advisors
St. Louis,
Missouri
| – | -$99 | -8 | Closed |
|
RDNW Hedge Fund Activity: Q3 2023 in Review
45 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in RideNow Group (RDNW) for Q3 2023, worth a combined $49.3M — down 53% from $104M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of RDNW and 8 opened new positions — a net loss of 5 holders — while 11 trimmed existing stakes and 15 added.
The largest buyer was Nantahala Capital Management, adding an estimated $2.69M. The largest seller was Citigroup, cutting an estimated $2.41M.
- 45 institutional investors held RideNow Group (RDNW) as of Q3 2023, down from 52 in Q2 2023.
- Funds reported $49.3M of RideNow Group stock for Q3 2023, down 53% quarter-over-quarter.
- 8 funds opened new RideNow Group positions in Q3 2023 and 13 closed out, a net change of -5 holders.
- The largest RideNow Group buyer in Q3 2023 was Nantahala Capital Management, an estimated $2.69M added.
- The largest RideNow Group seller in Q3 2023 was Citigroup, an estimated $2.41M sold.
Based on aggregated 13F filings for Q3 2023.