Rush Street Interactive
127 hedge funds and large institutions have $359M invested in Rush Street Interactive in 2022 Q1 according to their latest regulatory filings, with 30 funds opening new positions, 44 increasing their positions, 41 reducing their positions, and 31 closing their positions.
322% more call options, than puts
Call options by funds: $9.59M | Put options by funds: $2.27M
4.8% more ownership
Funds ownership: 75.35% → 80.15% (+4.8%)
7% more repeat investments, than reductions
Existing positions increased: 44 | Existing positions reduced: 41
3% less first-time investments, than exits
New positions opened: 30 | Existing positions closed: 31
2% less funds holding
Funds holding: 129 → 127 (-2)
51% less capital invested
Capital invested by funds: $736M → $359M (-$377M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$42.9M |
| 2 |
CCA
Canyon Capital Advisors
Dallas,
Texas
|
+$24.1M |
| 3 |
Nomura Holdings
Tokyo,
Japan
|
+$10.1M |
| 4 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
+$7.2M |
| 5 |
Renaissance Technologies
New York
|
+$5.85M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EAM
Eagle Asset Management
St Petersburg,
Florida
|
-$33.9M |
| 2 |
Balyasny Asset Management
Chicago,
Illinois
|
-$24.6M |
| 3 |
Man Group
London,
United Kingdom
|
-$11.4M |
| 4 |
New York State Common Retirement Fund
Albany,
New York
|
-$4.96M |
| 5 |
Two Sigma Investments
New York
|
-$3.98M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TWA
151
TCI Wealth Advisors
Tucson,
Arizona
| – | -$5K | -301 | Closed |
|
|
RE
152
RBC Europe
London,
United Kingdom
| – | -$5K | -280 | Closed |
|
|
PA
153
Parallel Advisors
San Francisco,
California
| – | -$1K | -61 | Closed |
|
|
IFAM
154
Institutional & Family Asset Management
Fort Collins,
Colorado
| – | -$1K | -60 | Closed |
|
155
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| – | +$323 | +32 | New |
|
RSI Hedge Fund Activity: Q1 2022 in Review
127 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in Rush Street Interactive (RSI) for Q1 2022, worth a combined $359M — down 51% from $736M a quarter earlier.
Sellers outnumbered buyers: 31 funds closed out of RSI and 30 opened new positions — a net loss of 1 holder — while 41 trimmed existing stakes and 44 added.
The largest buyer was Goldman Sachs, adding an estimated $42.9M. The largest seller was Eagle Asset Management, exiting entirely with an estimated $33.9M sold.
- 127 institutional investors held Rush Street Interactive (RSI) as of Q1 2022, down from 129 in Q4 2021.
- Funds reported $359M of Rush Street Interactive stock for Q1 2022, down 51% quarter-over-quarter.
- 30 funds opened new Rush Street Interactive positions in Q1 2022 and 31 closed out, a net change of -1 holder.
- The largest Rush Street Interactive buyer in Q1 2022 was Goldman Sachs, an estimated $42.9M added.
- The largest Rush Street Interactive seller in Q1 2022 was Eagle Asset Management, an estimated $33.9M sold.
Based on aggregated 13F filings for Q1 2022.