Rush Street Interactive
57 hedge funds and large institutions have $190M invested in Rush Street Interactive in 2020 Q3 according to their latest regulatory filings, with 48 funds opening new positions, 2 increasing their positions, 6 reducing their positions, and 16 closing their positions.
240% more call options, than puts
Call options by funds: $3.96M | Put options by funds: $1.17M
200% more first-time investments, than exits
New positions opened: 48 | Existing positions closed: 16
128% more funds holding
Funds holding: 25 → 57 (+32)
128% more capital invested
Capital invested by funds: $83.2M → $190M (+$106M)
67% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$49.1M |
| 2 |
William Blair Investment Management
Chicago,
Illinois
|
+$15.4M |
| 3 |
TCM
TimesSquare Capital Management
New York
|
+$13.6M |
| 4 |
TCM
Tenor Capital Management
New York
|
+$6.83M |
| 5 |
Balyasny Asset Management
Chicago,
Illinois
|
+$6.49M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$14.2M |
| 2 |
UOC
UBS O'Connor
Chicago,
Illinois
|
-$10.8M |
| 3 |
HSBC Holdings
London,
United Kingdom
|
-$6.52M |
| 4 |
AIMCA
Alberta Investment Management Corp (AIMCo)
Edmonton,
Alberta, Canada
|
-$6.02M |
| 5 |
OCAM
Owl Creek Asset Management
New York
|
-$6.02M |
RSI Hedge Fund Activity: Q3 2020 in Review
57 of the 4,970 institutional investors tracked by Wall St. Rank reported a position in Rush Street Interactive (RSI) for Q3 2020, worth a combined $190M — up 128% from $83.2M a quarter earlier.
Buyers outnumbered sellers: 48 funds opened new RSI positions and 16 closed out — a net gain of 32 holders — while 2 added to existing stakes and 6 trimmed.
The largest buyer was Fidelity Investments, opening a new position worth an estimated $49.1M. The largest seller was Millennium Management, cutting an estimated $14.2M.
- 57 institutional investors held Rush Street Interactive (RSI) as of Q3 2020, up from 25 in Q2 2020.
- Funds reported $190M of Rush Street Interactive stock for Q3 2020, up 128% quarter-over-quarter.
- 48 funds opened new Rush Street Interactive positions in Q3 2020 and 16 closed out, a net change of +32 holders.
- The largest Rush Street Interactive buyer in Q3 2020 was Fidelity Investments, an estimated $49.1M added.
- The largest Rush Street Interactive seller in Q3 2020 was Millennium Management, an estimated $14.2M sold.
Based on aggregated 13F filings for Q3 2020.