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Rush Street Interactive

107 hedge funds and large institutions have $139M invested in Rush Street Interactive in 2023 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 31 increasing their positions, 38 reducing their positions, and 23 closing their positions.

New
Increased
Maintained
Reduced
Closed

595% more call options, than puts

Call options by funds: $1.03M | Put options by funds: $149K

3.59% less ownership

Funds ownership: 73.15%69.56% (-3.6%)

6% less funds holding

Funds holding: 114107 (-7)

18% less capital invested

Capital invested by funds: $168M → $139M (-$29.6M)

18% less repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 38

30% less first-time investments, than exits

New positions opened: 16 | Existing positions closed: 23

Holders
107
Holders Change
-7
Holders Change %
-6.14%
% of All Funds
1.7%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
16
Increased
31
Reduced
38
Closed
23
Calls
$1.03M
Puts
$149K
Net Calls
+$886K
Net Calls Change
+$30K
Name Holding Trade Value Shares
Change
Change in
Stake
HVCM
1
HG Vora Capital Management
New York
$18.7M
CCA
2
Canyon Capital Advisors
Texas
$17.8M +$8.79M +2,289,730 +66%
Vanguard Group
3
Vanguard Group
Pennsylvania
$15.7M +$379K +98,755 +2%
Nomura Holdings
4
Nomura Holdings
Japan
$13.8M -$1.16M -301,110 -6%
BlackRock
5
BlackRock
New York
$11.3M -$660K -171,832 -4%
Goldman Sachs
6
Goldman Sachs
New York
$8.85M -$11.7M -3,049,238 -52%
Morgan Stanley
7
Morgan Stanley
New York
$7.45M +$4.19M +1,090,275 +84%
Federated Hermes
8
Federated Hermes
Pennsylvania
$4.7M +$708K +184,524 +14%
Assenagon Asset Management
9
Assenagon Asset Management
Luxembourg
$4.34M +$1.89M +491,921 +55%
Geode Capital Management
10
Geode Capital Management
Massachusetts
$3.32M +$64.1K +16,686 +2%
KCM
11
Kornitzer Capital Management
Kansas
$3.3M -$539K -140,300 -12%
State Street
12
State Street
Massachusetts
$3.18M +$15.4K +4,018 +0.4%
ETC
13
Exchange Traded Concepts
Oklahoma
$2.36M -$2.33M -607,319 -44%
Millennium Management
14
Millennium Management
New York
$2.04M +$801K +208,765 +47%
William Blair & Company
15
William Blair & Company
Illinois
$1.66M +$3.65K +950 +0.2%
Northern Trust
16
Northern Trust
Illinois
$1.57M +$46.7K +12,158 +2%
Hudson Bay Capital Management
17
Hudson Bay Capital Management
Connecticut
$1.55M +$1.92M +500,000 New
Charles Schwab
18
Charles Schwab
California
$1.31M -$6.9K -1,797 -0.4%
Renaissance Technologies
19
Renaissance Technologies
New York
$936K +$388 +101 +0%
Norges Bank
20
Norges Bank
Norway
$933K -$2.94M -767,000 -72%
Bank of Montreal
21
Bank of Montreal
Ontario, Canada
$900K -$1.81M -470,522 -62%
Jennison Associates
22
Jennison Associates
New York
$760K -$3.08M -801,521 -77%
Bank of New York Mellon
23
Bank of New York Mellon
New York
$689K -$6.18K -1,611 -0.7%
N
24
Nuveen
North Carolina
$677K -$13.3K -3,464 -2%
State of Wisconsin Investment Board
25
State of Wisconsin Investment Board
Wisconsin
$672K +$127K +33,009 +18%

RSI Hedge Fund Activity: Q1 2023 in Review

107 of the 6,276 institutional investors tracked by Wall St. Rank reported a position in Rush Street Interactive (RSI) for Q1 2023, worth a combined $139M — down 18% from $168M a quarter earlier.

Sellers outnumbered buyers: 23 funds closed out of RSI and 16 opened new positions — a net loss of 7 holders — while 38 trimmed existing stakes and 31 added.

The largest buyer was Canyon Capital Advisors, adding an estimated $8.79M. The largest seller was Goldman Sachs, cutting an estimated $11.7M.

  • 107 institutional investors held Rush Street Interactive (RSI) as of Q1 2023, down from 114 in Q4 2022.
  • Funds reported $139M of Rush Street Interactive stock for Q1 2023, down 18% quarter-over-quarter.
  • 16 funds opened new Rush Street Interactive positions in Q1 2023 and 23 closed out, a net change of -7 holders.
  • The largest Rush Street Interactive buyer in Q1 2023 was Canyon Capital Advisors, an estimated $8.79M added.
  • The largest Rush Street Interactive seller in Q1 2023 was Goldman Sachs, an estimated $11.7M sold.

Based on aggregated 13F filings for Q1 2023.