Rush Street Interactive
98 hedge funds and large institutions have $635M invested in Rush Street Interactive in 2021 Q1 according to their latest regulatory filings, with 46 funds opening new positions, 32 increasing their positions, 13 reducing their positions, and 31 closing their positions.
146% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 13
73.8% more ownership
Funds ownership: 0% → 73.8% (+74%)
63% more call options, than puts
Call options by funds: $15.2M | Put options by funds: $9.28M
48% more first-time investments, than exits
New positions opened: 46 | Existing positions closed: 31
17% more funds holding
Funds holding: 84 → 98 (+14)
4% less capital invested
Capital invested by funds: $664M → $635M (-$29.2M)
67% less funds holding in top 10
Funds holding in top 10: 6 → 2 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
+$44.8M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$35.2M |
| 3 |
Jennison Associates
New York
|
+$28.2M |
| 4 |
TCM
TimesSquare Capital Management
New York
|
+$26.5M |
| 5 |
Balyasny Asset Management
Chicago,
Illinois
|
+$23.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AM
Atreides Management
Boston,
Massachusetts
|
-$21.6M |
| 2 |
BCM
BlueCrest Capital Management
St Helier,
Jersey
|
-$17M |
| 3 |
CHM
Collaborative Holdings Management
New York
|
-$11.3M |
| 4 |
DKCM
Davidson Kempner Capital Management
New York
|
-$10.8M |
| 5 |
MCM
Moore Capital Management
New York
|
-$10.8M |
RSI Hedge Fund Activity: Q1 2021 in Review
98 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Rush Street Interactive (RSI) for Q1 2021, worth a combined $635M — down 4.4% from $664M a quarter earlier.
Buyers outnumbered sellers: 46 funds opened new RSI positions and 31 closed out — a net gain of 15 holders — while 32 added to existing stakes and 13 trimmed.
The largest buyer was AllianceBernstein, adding an estimated $44.8M. The largest seller was Atreides Management, exiting entirely with an estimated $21.6M sold.
- 98 institutional investors held Rush Street Interactive (RSI) as of Q1 2021, up from 84 in Q4 2020.
- Funds reported $635M of Rush Street Interactive stock for Q1 2021, down 4.4% quarter-over-quarter.
- 46 funds opened new Rush Street Interactive positions in Q1 2021 and 31 closed out, a net change of +15 holders.
- The largest Rush Street Interactive buyer in Q1 2021 was AllianceBernstein, an estimated $44.8M added.
- The largest Rush Street Interactive seller in Q1 2021 was Atreides Management, an estimated $21.6M sold.
Based on aggregated 13F filings for Q1 2021.