Rush Street Interactive
106 hedge funds and large institutions have $149M invested in Rush Street Interactive in 2023 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 52 increasing their positions, 18 reducing their positions, and 17 closing their positions.
3,783% more call options, than puts
Call options by funds: $893K | Put options by funds: $23K
189% more repeat investments, than reductions
Existing positions increased: 52 | Existing positions reduced: 18
7% more capital invested
Capital invested by funds: $139M → $149M (+$10M)
1.22% more ownership
Funds ownership: 69.56% → 70.79% (+1.2%)
1% less funds holding
Funds holding: 107 → 106 (-1)
6% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 17
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$2.86M |
| 2 |
Norges Bank
Oslo,
Norway
|
+$2.28M |
| 3 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
+$1.08M |
| 4 |
Renaissance Technologies
New York
|
+$934K |
| 5 |
GSC
Grey Street Capital
Chicago,
Illinois
|
+$932K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KCM
Kornitzer Capital Management
Shawnee Mission,
Kansas
|
-$3.3M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$800K |
| 3 |
Jennison Associates
New York
|
-$760K |
| 4 |
Nomura Holdings
Tokyo,
Japan
|
-$540K |
| 5 |
SFI
Susquehanna Fundamental Investments
Bala Cynwyd,
Pennsylvania
|
-$170K |
RSI Hedge Fund Activity: Q2 2023 in Review
106 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Rush Street Interactive (RSI) for Q2 2023, worth a combined $149M — up 7.2% from $139M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of RSI and 16 opened new positions — a net loss of 1 holder — while 18 trimmed existing stakes and 52 added.
The largest buyer was Millennium Management, adding an estimated $2.86M. The largest seller was Kornitzer Capital Management, exiting entirely with an estimated $3.3M sold.
- 106 institutional investors held Rush Street Interactive (RSI) as of Q2 2023, down from 107 in Q1 2023.
- Funds reported $149M of Rush Street Interactive stock for Q2 2023, up 7.2% quarter-over-quarter.
- 16 funds opened new Rush Street Interactive positions in Q2 2023 and 17 closed out, a net change of -1 holder.
- The largest Rush Street Interactive buyer in Q2 2023 was Millennium Management, an estimated $2.86M added.
- The largest Rush Street Interactive seller in Q2 2023 was Kornitzer Capital Management, an estimated $3.3M sold.
Based on aggregated 13F filings for Q2 2023.