RideNow Group
RDNW
57 hedge funds and large institutions have $104M invested in RideNow Group in 2024 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 22 increasing their positions, 9 reducing their positions, and 11 closing their positions.
252% more call options, than puts
Call options by funds: $728K | Put options by funds: $207K
144% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 9
36% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 11
8% more funds holding
Funds holding: 53 → 57 (+4)
0.46% more ownership
Funds ownership: 45.6% → 46.06% (+0.46%)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
20% less capital invested
Capital invested by funds: $130M → $104M (-$25.9M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$1.8M |
| 2 |
USPCM
Union Square Park Capital Management
New York
|
+$1.11M |
| 3 |
Jane Street
New York
|
+$874K |
| 4 |
Goldman Sachs
New York
|
+$655K |
| 5 |
Citigroup
New York
|
+$599K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$2.97M |
| 2 |
SAM
Silverback Asset Management
Chapel Hill,
North Carolina
|
-$1.83M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$726K |
| 4 |
Bank of New York Mellon
New York
|
-$341K |
| 5 |
6CM
683 Capital Management
New York
|
-$284K |
RDNW Hedge Fund Activity: Q1 2024 in Review
57 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in RideNow Group (RDNW) for Q1 2024, worth a combined $104M — down 20% from $130M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new RDNW positions and 11 closed out — a net gain of 4 holders — while 22 added to existing stakes and 9 trimmed.
The largest buyer was Millennium Management, adding an estimated $1.8M. The largest seller was Fidelity Investments, cutting an estimated $2.97M.
- 57 institutional investors held RideNow Group (RDNW) as of Q1 2024, up from 53 in Q4 2023.
- Funds reported $104M of RideNow Group stock for Q1 2024, down 20% quarter-over-quarter.
- 15 funds opened new RideNow Group positions in Q1 2024 and 11 closed out, a net change of +4 holders.
- The largest RideNow Group buyer in Q1 2024 was Millennium Management, an estimated $1.8M added.
- The largest RideNow Group seller in Q1 2024 was Fidelity Investments, an estimated $2.97M sold.
Based on aggregated 13F filings for Q1 2024.