The RealReal
REAL
203 hedge funds and large institutions have $454M invested in The RealReal in 2025 Q2 according to their latest regulatory filings, with 35 funds opening new positions, 68 increasing their positions, 64 reducing their positions, and 41 closing their positions.
164% more call options, than puts
Call options by funds: $20.7M | Put options by funds: $7.84M
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
1.86% more ownership
Funds ownership: 82% → 83.86% (+1.9%)
6% more repeat investments, than reductions
Existing positions increased: 68 | Existing positions reduced: 64
3% less funds holding
Funds holding: 210 → 203 (-7)
8% less capital invested
Capital invested by funds: $492M → $454M (-$37.3M)
15% less first-time investments, than exits
New positions opened: 35 | Existing positions closed: 41
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Verition Fund Management
Greenwich,
Connecticut
|
+$9.83M |
| 2 |
Goldman Sachs
New York
|
+$6.14M |
| 3 |
WCM
Woodson Capital Management
Greenwich,
Connecticut
|
+$6.04M |
| 4 |
KWM
Kanen Wealth Management
Coconut Creek,
Florida
|
+$5.38M |
| 5 |
JP Morgan Chase
New York
|
+$5.25M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$8.07M |
| 2 |
D.E. Shaw & Co
New York
|
-$7.32M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$5.66M |
| 4 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
-$5.55M |
| 5 |
QOP
Quinn Opportunity Partners
Charlottesville,
Virginia
|
-$5.52M |
REAL Hedge Fund Activity: Q2 2025 in Review
203 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in The RealReal (REAL) for Q2 2025, worth a combined $454M — down 7.6% from $492M a quarter earlier.
Sellers outnumbered buyers: 41 funds closed out of REAL and 35 opened new positions — a net loss of 6 holders — while 64 trimmed existing stakes and 68 added.
The largest buyer was Verition Fund Management, adding an estimated $9.83M. The largest seller was Morgan Stanley, cutting an estimated $8.07M.
- 203 institutional investors held The RealReal (REAL) as of Q2 2025, down from 210 in Q1 2025.
- Funds reported $454M of The RealReal stock for Q2 2025, down 7.6% quarter-over-quarter.
- 35 funds opened new The RealReal positions in Q2 2025 and 41 closed out, a net change of -6 holders.
- The largest The RealReal buyer in Q2 2025 was Verition Fund Management, an estimated $9.83M added.
- The largest The RealReal seller in Q2 2025 was Morgan Stanley, an estimated $8.07M sold.
Based on aggregated 13F filings for Q2 2025.