The concentrated buying by multiple active managers and quant funds signals a shared positive thesis on RSI's online gaming market position. However, with a historical T+20 win rate of only 11% on prior RSI calls, traders should wait for a catalyst (e.g., strong earnings or raised guidance) before entering, as the 45-day 13F lag means these positions may already be unwound.
Executive Summary
A strong institutional cluster emerged in RSI during 2024-Q3, with 23 buyers accumulating $29.1M in net new positions versus 4 sellers reducing $12.2M. The buying was dominated by active asset managers and quant funds, including Arrowstreet Capital ($17.8M new position), AllianceBernstein ($4.1M increase), and D.E. Shaw ($2.7M increase), suggesting a shared thesis around the company's online gaming growth trajectory. The cluster is directionally bullish but the historical T+20 win rate on RSI calls is only 11%, warranting caution on near-term price impact.
Key Financial Metrics
Institutional Positions
Net institutional flow: $16.9M
▲ Buyers (23)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Arrowstreet Capital, Limited P | DOUBLED | +161.7% | $17.8M | $17.8M |
| Alliancebernstein | DOUBLED | +551.2% | $4.7M | $4.1M |
| D.E. Shaw | ADD | +46.6% | $6.9M | $2.7M |
| Point72 | DOUBLED | +307.2% | $1.1M | $859.0K |
| Verition Fund Management | ADD | +65.1% | $1.7M | $800.0K |
▼ Sellers (4)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Assenagon Asset Management | TRIM | -56.2% | $13.7M | -$6.9M |
| Fuller & Thaler Asset Manageme | NEAR_EXIT | -77.6% | $3.4M | -$2.5M |
| Norges Bank | TRIM | -44.8% | $5.2M | -$2.0M |
| Public Sector Pension Investme | TRIM | -50% | $1.9M | -$833.0K |
Key Facts
- 23 institutional buyers vs 4 sellers in 2024-Q3
- Net buying of $29.1M vs net selling of $12.2M
- Arrowstreet Capital established a $17.8M position (1.64M shares)
- AllianceBernstein more than quintupled its position (+551.2%) to $4.7M
- D.E. Shaw added 46.6% to reach $6.9M
- Point72 more than tripled its position (+307.2%) to $1.1M
- Top sellers: Assenagon trimmed $6.9M, Fuller & Thaler near-exited $2.5M
- Active managers and quant funds dominate the buying side
Financial Impact
23 institutions accumulated $29.1M in new RSI positions while 4 institutions reduced holdings by $12.2M, for a net institutional inflow of approximately $16.9M in Q3 2024
Risk Factors
- 13F data is 45+ days stale; positions may have been partially or fully unwound
- Historical T+20 win rate on RSI calls is only 11%, indicating poor timing signals
- Recent insider selling of $2.3M in the last 30 days may offset institutional conviction
- The cluster is dominated by asset managers, not activists — no catalyst pressure
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 institutional 13F filing from SEC EDGAR.
| Document | Accession Number |
|---|---|
| INST-CLUSTER Data (Synthetic) | inst-cluster-RSI-2024-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 3, 2026 29d ago | Insider Cluster | $26.68 $27.02 | ▲ +1.27% | ▲ +1.82% | — |
Sep 3, 2026 29d ago | 144 | $26.77 $26.68 | ▼ −0.34% | ▲ +0.05% | — |
Aug 5, 2026 8w ago | Insider Cluster | $25.92 $25.08 | ▼ −3.24% | ▼ −3.08% | — |
Jul 8, 2026 12w ago | Insider Cluster | $32.63 $33.40 | ▲ +2.36% | ▲ +1.93% | — |
Jul 8, 2026 12w ago | Press Release | $32.63 $33.40 | ▲ +2.36% | ▲ +1.93% | — |
Jul 6, 2026 12w ago | 144 | $32.22 $32.31 | ▲ +0.28% | ▲ +0.75% | — |
Jul 2, 2026 13w ago | Insider Cluster | $31.68 $32.22 | ▲ +1.70% | ▲ +0.83% | — |
Jun 12, 2026 16w ago | Institutional Cluster | $29.60 $30.12 | ▲ +1.76% | ▼ −0.01% | — |
Jun 5, 2026 17w ago | Insider Cluster | $26.14 $27.59 | ▼ −5.55% | ▼ −5.84% | — |
Jun 3, 2026 17w ago | Insider Cluster | $26.23 $26.14 | ▼ −0.34% | ▲ +2.26% | — |
US Market Status
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