RideNow Group
RDNW
53 hedge funds and large institutions have $130M invested in RideNow Group in 2023 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 20 increasing their positions, 9 reducing their positions, and 7 closing their positions.
470% more call options, than puts
Call options by funds: $1.65M | Put options by funds: $289K
200% more funds holding in top 10
Funds holding in top 10: 1 → 3 (+2)
164% more capital invested
Capital invested by funds: $49.3M → $130M (+$80.9M)
129% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 7
122% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 9
18% more funds holding
Funds holding: 45 → 53 (+8)
2.4% less ownership
Funds ownership: 47.99% → 45.6% (-2.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SHCM
Stone House Capital Management
Bay Harbor Islands,
Florida
|
+$26.6M |
| 2 |
NCM
Nantahala Capital Management
New Canaan,
Connecticut
|
+$18M |
| 3 |
SAM
Silverback Asset Management
Chapel Hill,
North Carolina
|
+$2.45M |
| 4 |
USPCM
Union Square Park Capital Management
New York
|
+$1.88M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$671K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citigroup
New York
|
-$1.1M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$904K |
| 3 |
NC
Nokomis Capital
Dallas,
Texas
|
-$327K |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
-$258K |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
-$145K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TFM
51
TFC Financial Management
Boston,
Massachusetts
| $2.28K | – | – | – |
|
52
Wells Fargo
San Francisco,
California
| $716 | +$32 | +5 | +6% |
|
|
NC
53
Nokomis Capital
Dallas,
Texas
| – | -$327K | -53,342 | Closed |
|
54
AQR Capital Management
Greenwich,
Connecticut
| – | -$106K | -17,355 | Closed |
|
55
Tudor Investment Corp
Stamford,
Connecticut
| – | -$76.7K | -12,516 | Closed |
|
|
VF
56
Virtu Financial
New York
| – | -$66K | -10,736 | Closed |
|
57
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$7.34K | -1,197 | Closed |
|
58
Group One Trading
Chicago,
Illinois
| – | -$5.16K | -805 | Closed |
|
|
CG
59
Cutler Group
San Francisco,
California
| – | -$3K | -600 | Closed |
|
RDNW Hedge Fund Activity: Q4 2023 in Review
53 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in RideNow Group (RDNW) for Q4 2023, worth a combined $130M — up 164% from $49.3M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new RDNW positions and 7 closed out — a net gain of 9 holders — while 20 added to existing stakes and 9 trimmed.
The largest buyer was Stone House Capital Management, adding an estimated $26.6M. The largest seller was Citigroup, cutting an estimated $1.1M.
- 53 institutional investors held RideNow Group (RDNW) as of Q4 2023, up from 45 in Q3 2023.
- Funds reported $130M of RideNow Group stock for Q4 2023, up 164% quarter-over-quarter.
- 16 funds opened new RideNow Group positions in Q4 2023 and 7 closed out, a net change of +9 holders.
- The largest RideNow Group buyer in Q4 2023 was Stone House Capital Management, an estimated $26.6M added.
- The largest RideNow Group seller in Q4 2023 was Citigroup, an estimated $1.1M sold.
Based on aggregated 13F filings for Q4 2023.