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Rush Street Interactive

122 hedge funds and large institutions have $169M invested in Rush Street Interactive in 2022 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 51 increasing their positions, 29 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

446% more call options, than puts

Call options by funds: $3.45M | Put options by funds: $631K

76% more repeat investments, than reductions

Existing positions increased: 51 | Existing positions reduced: 29

0% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 15

1% less funds holding

Funds holding: 123122 (-1)

5.24% less ownership

Funds ownership: 77%71.75% (-5.2%)

27% less capital invested

Capital invested by funds: $230M → $169M (-$61.3M)

Holders
122
Holders Change
-1
Holders Change %
-0.81%
% of All Funds
2.1%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
15
Increased
51
Reduced
29
Closed
15
Calls
$3.45M
Puts
$631K
Net Calls
+$2.81M
Net Calls Change
-$1.36M
Name Holding Trade Value Shares
Change
Change in
Stake
HVCM
1
HG Vora Capital Management
New York
$22.1M
CCA
2
Canyon Capital Advisors
Texas
$21.1M
Vanguard Group
3
Vanguard Group
Pennsylvania
$18.6M +$1.58M +299,209 +6%
Goldman Sachs
4
Goldman Sachs
New York
$18.4M +$1.46M +276,108 +6%
Nomura Holdings
5
Nomura Holdings
Japan
$15.4M +$4.49M +848,848 +25%
BlackRock
6
BlackRock
New York
$14M -$138K -26,068 -0.7%
CC
7
Conversant Capital
New Jersey
$6.2M -$5.84M -1,106,000 -40%
William Blair Investment Management
8
William Blair Investment Management
Illinois
$5.4M +$396K +74,896 +5%
KCM
9
Kornitzer Capital Management
Kansas
$4.42M
State Street
10
State Street
Massachusetts
$4M +$186K +35,279 +3%
Jennison Associates
11
Jennison Associates
New York
$3.78M -$3.54M -669,724 -39%
Geode Capital Management
12
Geode Capital Management
Massachusetts
$3.71M +$141K +26,732 +3%
ETC
13
Exchange Traded Concepts
Oklahoma
$3.62M -$351K -66,448 -6%
Assenagon Asset Management
14
Assenagon Asset Management
Luxembourg
$3.46M -$849K -160,561 -15%
William Blair & Company
15
William Blair & Company
Illinois
$1.96M
Northern Trust
16
Northern Trust
Illinois
$1.93M -$80.3K -15,195 -3%
Citadel Advisors
17
Citadel Advisors
Florida
$1.54M -$617K -116,806 -22%
Charles Schwab
18
Charles Schwab
California
$1.54M +$71.5K +13,527 +3%
GIPM
19
G2 Investment Partners Management
New York
$1.13M +$1M +189,608 +162%
Squarepoint
20
Squarepoint
New York
$897K +$454K +85,921 +54%
Morgan Stanley
21
Morgan Stanley
New York
$860K -$1.01M -191,188 -45%
N
22
Nuveen
North Carolina
$832K -$22K -4,154 -2%
Millennium Management
23
Millennium Management
New York
$749K +$1.08M +203,619 New
Bank of New York Mellon
24
Bank of New York Mellon
New York
$687K +$89.9K +17,019 +10%
Bank of America
25
Bank of America
North Carolina
$614K +$235K +44,445 +36%

RSI Hedge Fund Activity: Q3 2022 in Review

122 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Rush Street Interactive (RSI) for Q3 2022, worth a combined $169M — down 27% from $230M a quarter earlier.

Fund positioning in RSI was balanced in Q3 2022: 15 funds opened new positions, 15 closed out, 51 added to existing stakes and 29 trimmed.

The largest buyer was Nomura Holdings, adding an estimated $4.49M. The largest seller was Janus Henderson Group, exiting entirely with an estimated $14.6M sold.

  • 122 institutional investors held Rush Street Interactive (RSI) as of Q3 2022, down from 123 in Q2 2022.
  • Funds reported $169M of Rush Street Interactive stock for Q3 2022, down 27% quarter-over-quarter.
  • 15 funds opened new Rush Street Interactive positions in Q3 2022 and 15 closed out, a net change of 0 holders.
  • The largest Rush Street Interactive buyer in Q3 2022 was Nomura Holdings, an estimated $4.49M added.
  • The largest Rush Street Interactive seller in Q3 2022 was Janus Henderson Group, an estimated $14.6M sold.

Based on aggregated 13F filings for Q3 2022.