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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
SAM
101
Scopus Asset Management
New York
– -$10.8M -500,000 Closed
WAM
102
Weiss Asset Management
Massachusetts
– -$8.66M -400,000 Closed
OCAM
103
Owl Creek Asset Management
New York
– -$6.93M -320,000 Closed
DCM
104
Driehaus Capital Management
Illinois
– -$6.79M -313,870 Closed
TAM
105
Tabor Asset Management
New York
– -$5.69M -262,615 Closed
CS
106
Credit Suisse
Switzerland
– -$2.18M -100,614 Closed
IECM
107
Intrinsic Edge Capital Management
Illinois
– -$2.17M -100,000 Closed
Neuberger Berman Group
108
Neuberger Berman Group
New York
– -$2.17M -100,000 Closed
WMSA
109
Weiss Multi-Strategy Advisers
New York
– -$2.07M -95,535 Closed
SG
110
Sourcerock Group
Colorado
– -$1.62M -75,000 Closed
1CM
111
1492 Capital Management
Wisconsin
– -$1.6M -74,116 Closed
MCP
112
Maso Capital Partners
Hong Kong
– -$1.41M -65,000 Closed
AGM
113
Alpine Global Management
New York
– -$1.19M -54,756 Closed
HF
114
HRT Financial
New York
– -$990K -45,763 Closed
Rockefeller Capital Management
115
Rockefeller Capital Management
New York
– -$541K -25,000 Closed
OFG
116
OTA Financial Group
New York
– -$412K -19,040 Closed
Parallax Volatility Advisers
117
Parallax Volatility Advisers
California
– -$363K -16,762 Closed
CAN
118
Cetera Advisor Networks
California
– -$224K -10,350 Closed
FC
119
FORA Capital
Florida
– -$210K -9,695 Closed
VF
120
Virtu Financial
New York
– -$208K -9,611 Closed
PFO
121
Pathstone Family Office
New Jersey
– -$47K -2,180 Closed
JP Morgan Chase
122
JP Morgan Chase
New York
– -$45K -2,100 Closed
PA
123
Parallel Advisors
California
– -$23.4K -1,215 -98%
BC
124
Bartlett & Co
Ohio
– -$26K -1,200 Closed
BCWM
125
Bartlett & Co Wealth Management
Ohio
– -$26K -1,200 Closed
2 3 4
5
6

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.