Rush Street Interactive
186 hedge funds and large institutions have $701M invested in Rush Street Interactive in 2024 Q3 according to their latest regulatory filings, with 45 funds opening new positions, 77 increasing their positions, 44 reducing their positions, and 19 closing their positions.
1,207% more call options, than puts
Call options by funds: $22.3M | Put options by funds: $1.71M
137% more first-time investments, than exits
New positions opened: 45 | Existing positions closed: 19
75% more repeat investments, than reductions
Existing positions increased: 77 | Existing positions reduced: 44
50% more funds holding in top 10
Funds holding in top 10: 4 → 6 (+2)
16% more funds holding
Funds holding: 160 → 186 (+26)
15% more capital invested
Capital invested by funds: $609M → $701M (+$91.7M)
2% less ownership
Funds ownership: 79.72% → 77.73% (-2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DSCM
Divisadero Street Capital Management
Miami,
Florida
|
+$12.7M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$9.81M |
| 3 |
IECM
Intrinsic Edge Capital Management
Chicago,
Illinois
|
+$9.07M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$7.67M |
| 5 |
JAM
Jupiter Asset Management
London,
United Kingdom
|
+$6.19M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HVCM
HG Vora Capital Management
New York
|
-$67.1M |
| 2 |
CCA
Canyon Capital Advisors
Dallas,
Texas
|
-$20.2M |
| 3 |
Goldman Sachs
New York
|
-$16M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$15.2M |
| 5 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
-$7.73M |
RSI Hedge Fund Activity: Q3 2024 in Review
186 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Rush Street Interactive (RSI) for Q3 2024, worth a combined $701M — up 15% from $609M a quarter earlier.
Buyers outnumbered sellers: 45 funds opened new RSI positions and 19 closed out — a net gain of 26 holders — while 77 added to existing stakes and 44 trimmed.
The largest buyer was Divisadero Street Capital Management, adding an estimated $12.7M. The largest seller was HG Vora Capital Management, exiting entirely with an estimated $67.1M sold.
- 186 institutional investors held Rush Street Interactive (RSI) as of Q3 2024, up from 160 in Q2 2024.
- Funds reported $701M of Rush Street Interactive stock for Q3 2024, up 15% quarter-over-quarter.
- 45 funds opened new Rush Street Interactive positions in Q3 2024 and 19 closed out, a net change of +26 holders.
- The largest Rush Street Interactive buyer in Q3 2024 was Divisadero Street Capital Management, an estimated $12.7M added.
- The largest Rush Street Interactive seller in Q3 2024 was HG Vora Capital Management, an estimated $67.1M sold.
Based on aggregated 13F filings for Q3 2024.