Rush Street Interactive
RSI
111 hedge funds and large institutions have $508M invested in Rush Street Interactive in 2021 Q2 according to their latest regulatory filings, with 43 funds opening new positions, 28 increasing their positions, 30 reducing their positions, and 29 closing their positions.
133% more call options, than puts
Call options by funds: $18.4M | Put options by funds: $7.91M
48% more first-time investments, than exits
New positions opened: 43 | Existing positions closed: 29
13% more funds holding
Funds holding: 98 → 111 (+13)
7% less repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 30
3.69% less ownership
Funds ownership: 73.8% → 70.11% (-3.7%)
20% less capital invested
Capital invested by funds: $635M → $508M (-$127M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HVCM
HG Vora Capital Management
New York
|
+$43.7M |
| 2 |
BlackRock
New York
|
+$37.7M |
| 3 |
CCA
Canyon Capital Advisors
Dallas,
Texas
|
+$19.2M |
| 4 |
State Street
Boston,
Massachusetts
|
+$11.8M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$11.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
-$45M |
| 2 |
Balyasny Asset Management
Chicago,
Illinois
|
-$21.4M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$21.1M |
| 4 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$16.3M |
| 5 |
SHCM
Shelter Haven Capital Management
Summit,
New Jersey
|
-$8.71M |
RSI Hedge Fund Activity: Q2 2021 in Review
111 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in Rush Street Interactive (RSI) for Q2 2021, worth a combined $508M — down 20% from $635M a quarter earlier.
Buyers outnumbered sellers: 43 funds opened new RSI positions and 29 closed out — a net gain of 14 holders — while 28 added to existing stakes and 30 trimmed.
The largest buyer was HG Vora Capital Management, opening a new position worth an estimated $43.7M. The largest seller was AllianceBernstein, cutting an estimated $45M.
- 111 institutional investors held Rush Street Interactive (RSI) as of Q2 2021, up from 98 in Q1 2021.
- Funds reported $508M of Rush Street Interactive stock for Q2 2021, down 20% quarter-over-quarter.
- 43 funds opened new Rush Street Interactive positions in Q2 2021 and 29 closed out, a net change of +14 holders.
- The largest Rush Street Interactive buyer in Q2 2021 was HG Vora Capital Management, an estimated $43.7M added.
- The largest Rush Street Interactive seller in Q2 2021 was AllianceBernstein, an estimated $45M sold.
Based on aggregated 13F filings for Q2 2021.