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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
Simplex Trading
51
Simplex Trading
Illinois
$513K +$606K +31,446 New
State Street
52
State Street
Massachusetts
$498K +$588K +30,500 New
Verition Fund Management
53
Verition Fund Management
Connecticut
$490K +$578K +30,000 New
HSBC Holdings
54
HSBC Holdings
United Kingdom
$458K +$552K +28,672 New
LP
55
LMR Partners
United Kingdom
$424K +$500K +25,952 New
BFM
56
Boothbay Fund Management
New York
$415K -$1.86M -96,712 -79%
APP
57
Alpha Paradigm Partners
Illinois
$388K +$145K +7,539 +46%
Nomura Holdings
58
Nomura Holdings
Japan
$388K +$458K +23,757 New
Walleye Trading
59
Walleye Trading
New York
$372K +$438K +22,744 New
TA
60
Teton Advisors
New York
$368K +$144K +7,500 +50%
Citigroup
61
Citigroup
New York
$368K +$371K +19,267 +588%
CL
62
CSS LLC
Illinois
$318K +$374K +19,439 New
LOAMU
63
Lombard Odier Asset Management (USA)
New York
$311K +$367K +19,040 New
GC
64
Garde Capital
Washington
$309K – – –
HighTower Advisors
65
HighTower Advisors
Illinois
$289K – – –
Bank of New York Mellon
66
Bank of New York Mellon
New York
$281K +$331K +17,195 New
Wolverine Trading
67
Wolverine Trading
Illinois
$278K +$350K +18,192 New
TRCT
68
Tower Research Capital (TRC)
New York
$272K +$286K +14,845 +846%
Creative Planning
69
Creative Planning
Kansas
$265K +$313K +16,235 New
ES
70
Equitec Specialists
Illinois
$259K +$305K +15,859 New
Commonwealth Equity Services
71
Commonwealth Equity Services
Massachusetts
$234K -$12.5K -651 -4%
Russell Investments Group
72
Russell Investments Group
United Kingdom
$233K +$275K +14,260 New
RJFSA
73
Raymond James Financial Services Advisors
Florida
$204K +$51.7K +2,684 +27%
UBS Group
74
UBS Group
Switzerland
$194K +$220K +11,401 +2,452%
Royal Bank of Canada
75
Royal Bank of Canada
Ontario, Canada
$182K +$207K +10,740 +2,685%
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.