Rush Street Interactive
107 hedge funds and large institutions have $139M invested in Rush Street Interactive in 2023 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 31 increasing their positions, 38 reducing their positions, and 23 closing their positions.
595% more call options, than puts
Call options by funds: $1.03M | Put options by funds: $149K
3.59% less ownership
Funds ownership: 73.15% → 69.56% (-3.6%)
6% less funds holding
Funds holding: 114 → 107 (-7)
18% less capital invested
Capital invested by funds: $168M → $139M (-$29.6M)
18% less repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 38
30% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 23
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCA
Canyon Capital Advisors
Dallas,
Texas
|
+$8.79M |
| 2 |
Morgan Stanley
New York
|
+$4.19M |
| 3 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
+$1.92M |
| 4 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
+$1.89M |
| 5 |
Millennium Management
New York
|
+$801K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$11.7M |
| 2 |
Jennison Associates
New York
|
-$3.08M |
| 3 |
Norges Bank
Oslo,
Norway
|
-$2.94M |
| 4 |
ETC
Exchange Traded Concepts
Oklahoma City,
Oklahoma
|
-$2.33M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$1.81M |
RSI Hedge Fund Activity: Q1 2023 in Review
107 of the 6,276 institutional investors tracked by Wall St. Rank reported a position in Rush Street Interactive (RSI) for Q1 2023, worth a combined $139M — down 18% from $168M a quarter earlier.
Sellers outnumbered buyers: 23 funds closed out of RSI and 16 opened new positions — a net loss of 7 holders — while 38 trimmed existing stakes and 31 added.
The largest buyer was Canyon Capital Advisors, adding an estimated $8.79M. The largest seller was Goldman Sachs, cutting an estimated $11.7M.
- 107 institutional investors held Rush Street Interactive (RSI) as of Q1 2023, down from 114 in Q4 2022.
- Funds reported $139M of Rush Street Interactive stock for Q1 2023, down 18% quarter-over-quarter.
- 16 funds opened new Rush Street Interactive positions in Q1 2023 and 23 closed out, a net change of -7 holders.
- The largest Rush Street Interactive buyer in Q1 2023 was Canyon Capital Advisors, an estimated $8.79M added.
- The largest Rush Street Interactive seller in Q1 2023 was Goldman Sachs, an estimated $11.7M sold.
Based on aggregated 13F filings for Q1 2023.