Rush Street Interactive
133 hedge funds and large institutions have $372M invested in Rush Street Interactive in 2024 Q1 according to their latest regulatory filings, with 32 funds opening new positions, 33 increasing their positions, 49 reducing their positions, and 19 closing their positions.
742% more call options, than puts
Call options by funds: $3.72M | Put options by funds: $442K
300% more funds holding in top 10
Funds holding in top 10: 1 → 4 (+3)
68% more first-time investments, than exits
New positions opened: 32 | Existing positions closed: 19
52% more capital invested
Capital invested by funds: $244M → $372M (+$128M)
11% more funds holding
Funds holding: 120 → 133 (+13)
1.34% less ownership
Funds ownership: 75.87% → 74.53% (-1.3%)
33% less repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 49
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DSCM
Divisadero Street Capital Management
Miami,
Florida
|
+$25M |
| 2 |
CC
Conversant Capital
Summit,
New Jersey
|
+$9.06M |
| 3 |
OAM
Oberweis Asset Management
Lisle,
Illinois
|
+$4.18M |
| 4 |
GIPM
G2 Investment Partners Management
New York
|
+$3.29M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$2.01M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$22.1M |
| 2 |
Nomura Holdings
Tokyo,
Japan
|
-$5.96M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$4.98M |
| 4 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
-$4.74M |
| 5 |
Group One Trading
Chicago,
Illinois
|
-$1.52M |
RSI Hedge Fund Activity: Q1 2024 in Review
133 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Rush Street Interactive (RSI) for Q1 2024, worth a combined $372M — up 52% from $244M a quarter earlier.
Buyers outnumbered sellers: 32 funds opened new RSI positions and 19 closed out — a net gain of 13 holders — while 33 added to existing stakes and 49 trimmed.
The largest buyer was Divisadero Street Capital Management, adding an estimated $25M. The largest seller was Morgan Stanley, cutting an estimated $22.1M.
- 133 institutional investors held Rush Street Interactive (RSI) as of Q1 2024, up from 120 in Q4 2023.
- Funds reported $372M of Rush Street Interactive stock for Q1 2024, up 52% quarter-over-quarter.
- 32 funds opened new Rush Street Interactive positions in Q1 2024 and 19 closed out, a net change of +13 holders.
- The largest Rush Street Interactive buyer in Q1 2024 was Divisadero Street Capital Management, an estimated $25M added.
- The largest Rush Street Interactive seller in Q1 2024 was Morgan Stanley, an estimated $22.1M sold.
Based on aggregated 13F filings for Q1 2024.