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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
Group One Trading
51
Group One Trading
Illinois
$63K +$56K +4,922 New
Osaic Holdings
52
Osaic Holdings
Arizona
$35K +$31.6K +2,777 New
PFO
53
Pathstone Family Office
New Jersey
$28K +$24.8K +2,180 New
Bank of America
54
Bank of America
North Carolina
$6K +$5.69K +500 New
UBS Group
55
UBS Group
Switzerland
$5K +$4.55K +400 New
WCG
56
Weaver Consulting Group
California
$1K +$1.14K +100 New
Millennium Management
57
Millennium Management
New York
$715 -$14.2M -1,243,660 -96%
UOC
58
UBS O'Connor
Illinois
– -$10.8M -950,000 Closed
HSBC Holdings
59
HSBC Holdings
United Kingdom
– -$6.52M -650,000 Closed
AIMCA
60
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
– -$6.02M -600,000 Closed
OCAM
61
Owl Creek Asset Management
New York
– -$6.02M -600,000 Closed
Hudson Bay Capital Management
62
Hudson Bay Capital Management
Connecticut
– -$4.01M -400,000 Closed
WAM
63
Wolverine Asset Management
Illinois
– -$4.01M -400,000 Closed
PC
64
Periscope Capital
Ontario, Canada
– -$2.82M -281,000 Closed
RCM
65
Radcliffe Capital Management
Pennsylvania
– -$2.67M -266,611 Closed
FTCM
66
Fir Tree Capital Management
New York
– -$2.23M -222,000 Closed
Deutsche Bank
67
Deutsche Bank
Germany
– -$2.01M -200,000 Closed
BCM
68
Basso Capital Management
Connecticut
– -$1.53M -152,113 Closed
DCM
69
Dupont Capital Management
Delaware
– -$1M -99,998 Closed
MCM
70
Moore Capital Management
New York
– -$532K -53,000 Closed
MIM
71
Monashee Investment Management
Massachusetts
– -$502K -50,000 Closed
WRBC
72
W.R. Berkley Corp
Connecticut
– -$433K -43,173 Closed
TRCT
73
Tower Research Capital (TRC)
New York
– -$1K -100 Closed
1 2
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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.