Raine Capital is based out of New York. Raine Capital is a hedge fund with 44 clients and discretionary assets under management (AUM) of $3,418,300,000 (Form ADV from 2024-05-03). Their last reported 13F filing for Q4 2024 included $303,012,868 in managed 13F securities
and a top 10 holdings concentration of 100.0%. Raine Capital's largest holding is Olo Inc with shares held of 32,220,439. Whalewisdom has at least 55 13F filings
Business Description
Raine employs third-party consultants, typically former senior executives with operating experience and industry-specific knowledge, to assist with various activities throughout the investment process. These consultants contribute to market research, new investment identification, pre-investment business diligence, and post-investment value creation.
Consultants provide operating and strategic expertise across Raine's core sectors of focus. They are generally not treated as employees of Raine, although they may be considered employees for administrative or other purposes. Raine may make Consultants available to clients’ portfolio companies.
Investment Strategy
Raine's investment strategies include investments in the gaming and technology sectors, as well as operating turnarounds. Investments in the gaming sector will be concentrated and subject to fluctuations based on market perception. Similarly, investments in the technology sector are subject to rapidly changing market conditions and competing products.
Another strategy involves restructuring and improving the operations of portfolio companies. This activity entails a high degree of uncertainty, and there is no guarantee of success in identifying and implementing restructuring programs and improvements.
Known Email Addresses
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Other Contact Information
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2024-12-31
Top Buys (13F)
| Name | % Change |
|---|
2024-12-31
Top Sells (13F)
| Name | % Change |
|---|---|
| GENI Genius Sports Limite | 1.06% |
| RDDT Reddit Inc | 0.92% |
| BODI Beachbody Company In | 0.56% |
2024-12-31
13F Holdings Summary
| Name | $ Change |
|---|---|
| OLO Olo Inc | 81.66% |
| DKNG DraftKings Inc | 16.97% |
| BODI Beachbody Company In | 1.36% |
2024-12-31
13F Activity
| Market Value | $303m, Prior: $223m |
| Inflows (Outflows) as % of Total MV | (-2.1338)% |
| New Purchases | 0 stocks |
| Added To | 0 stocks |
| Sold out of | 2 stocks |
| Reduced holdings in | 1 stocks |
| Top 10 Holdings % | 100% |
| Turnover %[1] | 40% |
| Turnover Alt %[2] | 0% |
| Time Held Top 20 | 15.6667 quarters |
| Time Held Top 10 | 15.6667 quarters |
| Time Held All | 15.67 quarters |
[1]: Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter.
[2]: Alt Turnover is calculated by taking either the total MV of new purchases or the MV of securities sold, whichever is less, divided by the total MV of the fund.
2024-12-31
13F Sector Allocation Over Time
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2024-12-31
Analysis
Top 20 equal-weighted holdings. Performance numbers calculated through 2024-12-31