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Rush Street Interactive

208 hedge funds and large institutions have $902M invested in Rush Street Interactive in 2025 Q1 according to their latest regulatory filings, with 34 funds opening new positions, 80 increasing their positions, 68 reducing their positions, and 33 closing their positions.

New
Increased
Maintained
Reduced
Closed

368% more call options, than puts

Call options by funds: $27M | Put options by funds: $5.77M

18% more repeat investments, than reductions

Existing positions increased: 80 | Existing positions reduced: 68

1.85% more ownership

Funds ownership: 87.11%88.96% (+1.9%)

3% more first-time investments, than exits

New positions opened: 34 | Existing positions closed: 33

1% less funds holding

Funds holding: 210208 (-2)

15% less capital invested

Capital invested by funds: $1.06B → $902M (-$157M)

40% less funds holding in top 10

Funds holding in top 10: 53 (-2)

Holders
208
Holders Change
-2
Holders Change %
-0.95%
% of All Funds
2.79%
Holding in Top 10
3
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-40%
% of All Funds
0.04%
New
34
Increased
80
Reduced
68
Closed
33
Calls
$27M
Puts
$5.77M
Net Calls
+$21.3M
Net Calls Change
+$10.6M
Name Holding Trade Value Shares
Change
Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$90.7M -$1.8M -136,793 -2%
BlackRock
2
BlackRock
New York
$76.3M -$4.81M -366,132 -5%
AllianceBernstein
3
AllianceBernstein
Tennessee
$65.8M +$75.9M +5,776,660 +1,618%
DSCM
4
Divisadero Street Capital Management
Florida
$65.6M +$17.7M +1,349,368 +28%
N
5
Nuveen
North Carolina
$29M -$3.03M -230,631 -8%
William Blair Investment Management
6
William Blair Investment Management
Illinois
$27.4M +$12.8M +976,711 +62%
DCM
7
Driehaus Capital Management
Illinois
$26.6M +$3.68M +279,751 +13%
TCM
8
Topline Capital Management
California
$25.4M +$7.3M +555,552 +31%
Geode Capital Management
9
Geode Capital Management
Massachusetts
$20.6M +$1.65M +125,636 +7%
Morgan Stanley
10
Morgan Stanley
New York
$19.6M +$4.37M +332,243 +22%
Qube Research & Technologies (QRT)
11
Qube Research & Technologies (QRT)
United Kingdom
$18.7M -$1.52M -115,929 -6%
Renaissance Technologies
12
Renaissance Technologies
New York
$18.7M -$2.92M -222,200 -11%
State Street
13
State Street
Massachusetts
$18.1M -$741K -56,400 -3%
NIP
14
Nicholas Investment Partners
California
$17.8M +$7.55M +574,020 +53%
JAM
15
Jupiter Asset Management
United Kingdom
$15M +$6.72M +510,955 +58%
D.E. Shaw & Co
16
D.E. Shaw & Co
New York
$13.7M +$3.44M +262,028 +26%
Millennium Management
17
Millennium Management
New York
$12.8M -$1.92M -146,118 -11%
Marshall Wace
18
Marshall Wace
United Kingdom
$12.7M +$3.7M +281,743 +31%
Arrowstreet Capital
19
Arrowstreet Capital
Massachusetts
$11.2M -$21.3M -1,617,790 -61%
OAM
20
Oberweis Asset Management
Illinois
$10.6M
Federated Hermes
21
Federated Hermes
Pennsylvania
$10.3M -$5.3M -403,370 -30%
Balyasny Asset Management
22
Balyasny Asset Management
Illinois
$10M +$10.2M +772,432 +481%
Connor, Clark & Lunn Investment Management (CC&L)
23
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$9.86M -$734K -55,832 -6%
Russell Investments Group
24
Russell Investments Group
United Kingdom
$9.84M +$3.66M +278,419 +44%
Susquehanna International Group
25
Susquehanna International Group
Pennsylvania
$8.22M +$9.63M +732,447 +2,152%

RSI Hedge Fund Activity: Q1 2025 in Review

208 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in Rush Street Interactive (RSI) for Q1 2025, worth a combined $902M — down 15% from $1.06B a quarter earlier.

Buyers outnumbered sellers: 34 funds opened new RSI positions and 33 closed out — a net gain of 1 holder — while 80 added to existing stakes and 68 trimmed.

The largest buyer was AllianceBernstein, adding an estimated $75.9M. The largest seller was Arrowstreet Capital, cutting an estimated $21.3M.

  • 208 institutional investors held Rush Street Interactive (RSI) as of Q1 2025, down from 210 in Q4 2024.
  • Funds reported $902M of Rush Street Interactive stock for Q1 2025, down 15% quarter-over-quarter.
  • 34 funds opened new Rush Street Interactive positions in Q1 2025 and 33 closed out, a net change of +1 holder.
  • The largest Rush Street Interactive buyer in Q1 2025 was AllianceBernstein, an estimated $75.9M added.
  • The largest Rush Street Interactive seller in Q1 2025 was Arrowstreet Capital, an estimated $21.3M sold.

Based on aggregated 13F filings for Q1 2025.