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Rush Street Interactive
RSI

98 hedge funds and large institutions have $635M invested in Rush Street Interactive in 2021 Q1 according to their latest regulatory filings, with 46 funds opening new positions, 32 increasing their positions, 13 reducing their positions, and 31 closing their positions.

New
Increased
Maintained
Reduced
Closed

146% more repeat investments, than reductions

Existing positions increased: 32 | Existing positions reduced: 13

73.8% more ownership

Funds ownership: 0% → 73.8% (+74%)

63% more call options, than puts

Call options by funds: $15.2M | Put options by funds: $9.28M

48% more first-time investments, than exits

New positions opened: 46 | Existing positions closed: 31

17% more funds holding

Funds holding: 84 → 98 (+14)

4% less capital invested

Capital invested by funds: $664M → $635M (-$29.2M)

67% less funds holding in top 10

Funds holding in top 10: 6 → 2 (-4)

Holders
98
Holders Change
+14
Holders Change %
+16.67%
% of All Funds
1.72%
Holding in Top 10
2
Holding in Top 10 Change
-4
Holding in Top 10 Change %
-66.67%
% of All Funds
0.04%
New
46
Increased
32
Reduced
13
Closed
31
Calls
$15.2M
Puts
$9.28M
Net Calls
+$5.89M
Net Calls Change
-$10.9M

Top Buyers

Rank Fund Capital Flow
1
AllianceBernstein
AllianceBernstein
Tennessee
+$44.8M
2
Vanguard Group
Vanguard Group
Pennsylvania
+$35.2M
3
Jennison Associates
Jennison Associates
New York
+$28.2M
4
TCM
TimesSquare Capital Management
New York
+$26.5M
5
Balyasny Asset Management
Balyasny Asset Management
Illinois
+$23.5M

Top Sellers

Rank Fund Capital Flow
1
AM
Atreides Management
Massachusetts
-$21.6M
2
BCM
BlueCrest Capital Management
Jersey
-$17M
3
CHM
Collaborative Holdings Management
New York
-$11.3M
4
DKCM
Davidson Kempner Capital Management
New York
-$10.8M
5
MCM
Moore Capital Management
New York
-$10.8M
Name Holding Trade Value Shares
Change 		Change in
Stake
Charles Schwab
26
Charles Schwab
California
$3.44M +$4.06M +210,508 New
EGM
27
Engineers Gate Manager
New York
$3.28M +$3.87M +200,692 New
AC
28
Athanor Capital
New York
$2.95M +$3.47M +180,308 New
Arrowstreet Capital
29
Arrowstreet Capital
Massachusetts
$2.57M +$3.03M +157,399 New
RA
30
Royce & Associates
New York
$2.37M +$289K +15,000 +12%
Goldman Sachs
31
Goldman Sachs
New York
$2.27M +$2.45M +126,948 +1,060%
Morgan Stanley
32
Morgan Stanley
New York
$2.23M +$2.18M +113,053 +481%
SEI Investments
33
SEI Investments
Pennsylvania
$2.05M +$1.52M +78,780 +170%
JRCM
34
Jones Road Capital Management
New York
$1.84M +$722K +37,500 +50%
ACA
35
Apis Capital Advisors
New York
$1.8M -$5.16M -268,000 -71%
Wells Fargo
36
Wells Fargo
California
$1.71M +$627K +32,569 +45%
1C
37
1060 Capital
Colorado
$1.63M +$1.93M +100,000 New
NFAM
38
North Fourth Asset Management
New Jersey
$1.63M +$1.93M +100,000 New
Northern Trust
39
Northern Trust
Illinois
$1.41M +$1.66M +86,380 New
Jane Street
40
Jane Street
New York
$1.18M +$910K +47,215 +191%
RJA
41
Raymond James & Associates
Florida
$1.01M +$71.5K +3,710 +6%
California Public Employees Retirement System
42
California Public Employees Retirement System
California
$771K – – –
ECM
43
ExodusPoint Capital Management
New York
$771K +$910K +47,215 New
Qube Research & Technologies (QRT)
44
Qube Research & Technologies (QRT)
United Kingdom
$756K +$891K +46,242 New
TI
45
Trexquant Investment
Connecticut
$752K +$886K +46,003 New
Squarepoint
46
Squarepoint
New York
$731K +$862K +44,725 New
PCM
47
Prelude Capital Management
New York
$632K +$566K +29,376 +315%
CF
48
CNA Financial
Illinois
$629K +$741K +38,470 New
EAM
49
Exos Asset Management
New York
$621K +$732K +37,990 New
DC
50
Diametric Capital
Massachusetts
$515K +$318K +16,483 +110%
1
2
3 4 5

RSI Hedge Fund Activity: Q1 2021 in Review

98 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Rush Street Interactive (RSI) for Q1 2021, worth a combined $635M — down 4.4% from $664M a quarter earlier.

Buyers outnumbered sellers: 46 funds opened new RSI positions and 31 closed out — a net gain of 15 holders — while 32 added to existing stakes and 13 trimmed.

The largest buyer was AllianceBernstein, adding an estimated $44.8M. The largest seller was Atreides Management, exiting entirely with an estimated $21.6M sold.

  • 98 institutional investors held Rush Street Interactive (RSI) as of Q1 2021, up from 84 in Q4 2020.
  • Funds reported $635M of Rush Street Interactive stock for Q1 2021, down 4.4% quarter-over-quarter.
  • 46 funds opened new Rush Street Interactive positions in Q1 2021 and 31 closed out, a net change of +15 holders.
  • The largest Rush Street Interactive buyer in Q1 2021 was AllianceBernstein, an estimated $44.8M added.
  • The largest Rush Street Interactive seller in Q1 2021 was Atreides Management, an estimated $21.6M sold.

Based on aggregated 13F filings for Q1 2021.