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Rush Street Interactive
RSI

57 hedge funds and large institutions have $189M invested in Rush Street Interactive in 2020 Q3 according to their latest regulatory filings, with 48 funds opening new positions, 2 increasing their positions, 6 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

240% more call options, than puts

Call options by funds: $3.96M | Put options by funds: $1.17M

200% more first-time investments, than exits

New positions opened: 48 | Existing positions closed: 16

128% more funds holding

Funds holding: 25 → 57 (+32)

127% more capital invested

Capital invested by funds: $83.2M → $189M (+$106M)

67% less repeat investments, than reductions

Existing positions increased: 2 | Existing positions reduced: 6

Holders
57
Holders Change
+32
Holders Change %
+128%
% of All Funds
1.15%
Holding in Top 10
2
Holding in Top 10 Change
+2
Holding in Top 10 Change %
% of All Funds
0.04%
New
48
Increased
2
Reduced
6
Closed
16
Calls
$3.96M
Puts
$1.17M
Net Calls
+$2.8M
Net Calls Change
+$764K

Top Buyers

Rank Fund Capital Flow
1
Fidelity Investments
Fidelity Investments
Massachusetts
+$49.1M
2
William Blair Investment Management
William Blair Investment Management
Illinois
+$15.4M
3
TCM
TimesSquare Capital Management
New York
+$13.6M
4
TCM
Tenor Capital Management
New York
+$6.83M
5
Balyasny Asset Management
Balyasny Asset Management
Illinois
+$6.49M

Top Sellers

Rank Fund Capital Flow
1
Millennium Management
Millennium Management
New York
-$14.2M
2
UOC
UBS O'Connor
Illinois
-$10.8M
3
HSBC Holdings
HSBC Holdings
United Kingdom
-$6.52M
4
AIMCA
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
-$6.02M
5
OCAM
Owl Creek Asset Management
New York
-$6.02M
Name Holding Trade Value Shares
Change 		Change in
Stake
IECM
26
Intrinsic Edge Capital Management
Illinois
$1.28M +$1.14M +100,000 New
Susquehanna International Group
27
Susquehanna International Group
Pennsylvania
$1.04M +$929K +81,611 New
DAM
28
Deltec Asset Management
New York
$1.03M -$216K -19,000 -19%
HF
29
HRT Financial
New York
$996K +$889K +78,093 New
KCM
30
Kornitzer Capital Management
Kansas
$893K +$797K +70,000 New
1CM
31
1492 Capital Management
Wisconsin
$872K +$778K +68,343 New
MCP
32
Maso Capital Partners
Hong Kong
$829K +$740K +65,000 New
AllianceBernstein
33
AllianceBernstein
Tennessee
$706K +$630K +55,368 New
California Public Employees Retirement System
34
California Public Employees Retirement System
California
$615K +$549K +48,200 New
MFS
35
Mirabella Financial Services
United Kingdom
$438K +$391K +34,327 New
Citadel Advisors
36
Citadel Advisors
Florida
$357K +$318K +27,968 New
FIA
37
FNY Investment Advisers
New York
$321K +$286K +25,164 New
CC
38
Centiva Capital
New York
$319K – – –
GC
39
Garde Capital
Washington
$241K +$215K +18,900 New
SCM
40
Shaolin Capital Management
Florida
$227K +$203K +17,797 New
CAC
41
Cowen and Company
New York
$191K -$434K -38,089 -72%
William Blair & Company
42
William Blair & Company
Illinois
$189K +$169K +14,850 New
Morgan Stanley
43
Morgan Stanley
New York
$188K +$168K +14,721 New
Commonwealth Equity Services
44
Commonwealth Equity Services
Massachusetts
$175K +$157K +13,750 New
CAN
45
Cetera Advisor Networks
California
$135K +$121K +10,600 New
HighTower Advisors
46
HighTower Advisors
Illinois
$129K +$114K +10,000 New
CAPTRUST Financial Advisors
47
CAPTRUST Financial Advisors
North Carolina
$123K +$116K +10,174 New
Simplex Trading
48
Simplex Trading
Illinois
$113K +$102K +8,921 New
HIM
49
HGC Investment Management
Ontario, Canada
$67K +$59.1K +5,195 New
CG
50
Cutler Group
California
$66K +$59.2K +5,200 New
1
2
3

RSI Hedge Fund Activity: Q3 2020 in Review

57 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Rush Street Interactive (RSI) for Q3 2020, worth a combined $189M — up 127% from $83.2M a quarter earlier.

Buyers outnumbered sellers: 48 funds opened new RSI positions and 16 closed out — a net gain of 32 holders — while 2 added to existing stakes and 6 trimmed.

The largest buyer was Fidelity Investments, opening a new position worth an estimated $49.1M. The largest seller was Millennium Management, cutting an estimated $14.2M.

  • 57 institutional investors held Rush Street Interactive (RSI) as of Q3 2020, up from 25 in Q2 2020.
  • Funds reported $189M of Rush Street Interactive stock for Q3 2020, up 127% quarter-over-quarter.
  • 48 funds opened new Rush Street Interactive positions in Q3 2020 and 16 closed out, a net change of +32 holders.
  • The largest Rush Street Interactive buyer in Q3 2020 was Fidelity Investments, an estimated $49.1M added.
  • The largest Rush Street Interactive seller in Q3 2020 was Millennium Management, an estimated $14.2M sold.

Based on aggregated 13F filings for Q3 2020.