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Rush Street Interactive
RSI

57 hedge funds and large institutions have $189M 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.

New
Increased
Maintained
Reduced
Closed

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)

127% more capital invested

Capital invested by funds: $83.2M → $189M (+$106M)

67% less repeat investments, than reductions

Existing positions increased: 2 | Existing positions reduced: 6

Holders
57
Holders Change
+32
Holders Change %
+128%
% of All Funds
1.15%
Holding in Top 10
2
Holding in Top 10 Change
+2
Holding in Top 10 Change %
% of All Funds
0.04%
New
48
Increased
2
Reduced
6
Closed
16
Calls
$3.96M
Puts
$1.17M
Net Calls
+$2.8M
Net Calls Change
+$764K

Top Buyers

Rank Fund Capital Flow
1
Fidelity Investments
Fidelity Investments
Massachusetts
+$49.1M
2
William Blair Investment Management
William Blair Investment Management
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
Balyasny Asset Management
Illinois
+$6.49M

Top Sellers

Rank Fund Capital Flow
1
Millennium Management
Millennium Management
New York
-$14.2M
2
UOC
UBS O'Connor
Illinois
-$10.8M
3
HSBC Holdings
HSBC Holdings
United Kingdom
-$6.52M
4
AIMCA
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
-$6.02M
5
OCAM
Owl Creek Asset Management
New York
-$6.02M
Name Holding Trade Value Shares
Change 		Change in
Stake
Fidelity Investments
1
Fidelity Investments
Massachusetts
$55M +$49.1M +4,312,500 New
William Blair Investment Management
2
William Blair Investment Management
Illinois
$17.3M +$15.4M +1,354,359 New
TCM
3
TimesSquare Capital Management
New York
$15.2M +$13.6M +1,193,700 New
LA
4
Linden Advisors
New York
$10.7M -$17.4K -1,530 -0.2%
TCM
5
Tenor Capital Management
New York
$7.66M +$6.83M +600,000 New
Balyasny Asset Management
6
Balyasny Asset Management
Illinois
$7.27M +$6.49M +569,916 New
PAMP
7
Polar Asset Management Partners
Ontario, Canada
$6.25M +$5.58M +489,900 New
DKCM
8
Davidson Kempner Capital Management
New York
$5.74M +$5.69M +500,000 New
BCM
9
BlueCrest Capital Management
Jersey
$5.42M +$4.64M +407,500 +2,329%
DCM
10
Driehaus Capital Management
Illinois
$5.37M +$4.79M +420,752 New
BCM
11
Beryl Capital Management
California
$4.67M +$4.16M +365,606 New
AC
12
Antara Capital
New York
$4.53M +$4.04M +355,092 New
Blackstone Inc
13
Blackstone Inc
New York
$3.51M +$3.13M +275,086 New
1C
14
1060 Capital
Colorado
$3.38M +$3.02M +264,884 New
WCMNY
15
Westchester Capital Management (New York)
New York
$3.35M -$1.14M -100,000 -28%
EFM
16
Ennismore Fund Management
United Kingdom
$3.2M +$2.86M +251,029 New
GL
17
Governors Lane
New York
$3.05M +$2.72M +239,032 New
RCM
18
Rivernorth Capital Management
Florida
$2.62M +$2.34M +205,330 New
OP
19
Omni Partners
United Kingdom
$2.37M +$2.12M +185,817 New
MA
20
MYDA Advisors
New York
$2.3M +$2.05M +180,000 New
WMSA
21
Weiss Multi-Strategy Advisers
New York
$2.23M +$1.99M +175,000 New
Walleye Capital
22
Walleye Capital
New York
$1.75M +$1.17M +102,704 +300%
HI
23
HBK Investments
Texas
$1.59M -$5.41M -475,000 -79%
KC
24
Kepos Capital
New York
$1.53M +$1.37M +120,000 New
BI
25
Bulldog Investors
New Jersey
$1.3M +$1.16M +101,852 New
1
2 3

RSI Hedge Fund Activity: Q3 2020 in Review

57 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Rush Street Interactive (RSI) for Q3 2020, worth a combined $189M — up 127% 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 $189M of Rush Street Interactive stock for Q3 2020, up 127% 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.