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The RealReal
REAL

223 hedge funds and large institutions have $1.09B invested in The RealReal in 2025 Q3 according to their latest regulatory filings, with 53 funds opening new positions, 75 increasing their positions, 75 reducing their positions, and 32 closing their positions.

New
Increased
Maintained
Reduced
Closed

140% more capital invested

Capital invested by funds: $454M → $1.09B (+$636M)

134% more call options, than puts

Call options by funds: $44.3M | Put options by funds: $18.9M

66% more first-time investments, than exits

New positions opened: 53 | Existing positions closed: 32

20% more funds holding in top 10

Funds holding in top 10: 5 → 6 (+1)

10% more funds holding

Funds holding: 203 → 223 (+20)

5.17% more ownership

Funds ownership: 83.86% → 89.03% (+5.2%)

0% more repeat investments, than reductions

Existing positions increased: 75 | Existing positions reduced: 75

Holders
223
Holders Change
+20
Holders Change %
+9.85%
% of All Funds
2.93%
Holding in Top 10
6
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+20%
% of All Funds
0.08%
New
53
Increased
75
Reduced
75
Closed
32
Calls
$44.3M
Puts
$18.9M
Net Calls
+$25.4M
Net Calls Change
+$12.6M

Top Buyers

Rank Fund Capital Flow
1
DSCM
Divisadero Street Capital Management
Florida
+$16.7M
2
American Century Companies
American Century Companies
Missouri
+$13.2M
3
N
Nuveen
North Carolina
+$12.4M
4
JAM
Jupiter Asset Management
United Kingdom
+$12.1M
5
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
+$11.1M

Top Sellers

Rank Fund Capital Flow
1
Verition Fund Management
Verition Fund Management
Connecticut
-$22.7M
2
WCM
Woodson Capital Management
Connecticut
-$21.5M
3
UBS Group
UBS Group
Switzerland
-$15.2M
4
CC
Cannell Capital
Wyoming
-$7.92M
5
Qube Research & Technologies (QRT)
Qube Research & Technologies (QRT)
United Kingdom
-$6.55M
Name Holding Trade Value Shares
Change 		Change in
Stake
IP
51
Interval Partners
New York
$4.51M +$3.14M +424,440 New
RC
52
RBF Capital
California
$4.25M +$2.96M +400,000 New
EGM
53
Engineers Gate Manager
New York
$4.08M +$2.13M +287,828 +300%
ACM
54
Atika Capital Management
New York
$3.98M +$2.77M +374,000 New
HF
55
HRT Financial
New York
$3.97M +$1.61M +217,421 +140%
CC
56
Cannell Capital
Wyoming
$3.82M -$7.92M -1,070,126 -75%
Comerica Bank
57
Comerica Bank
Texas
$3.73M +$8.55K +1,156 +0.3%
Bank of New York Mellon
58
Bank of New York Mellon
New York
$3.68M +$76.7K +10,361 +3%
Barclays
59
Barclays
United Kingdom
$3.54M +$1.03M +139,423 +72%
SCM
60
Saba Capital Management
New York
$3.49M -$1.23M -165,971 -34%
Renaissance Technologies
61
Renaissance Technologies
New York
$3.25M -$2.49M -336,800 -52%
Raymond James Financial
62
Raymond James Financial
Florida
$3.01M -$4.39K -593 -0.2%
UBS AM
63
UBS AM
Illinois
$2.7M -$1.11M -149,693 -37%
MA
64
MYDA Advisors
New York
$2.5M -$1.22M -165,000 -41%
Wells Fargo
65
Wells Fargo
California
$2.42M -$454K -61,366 -21%
Verition Fund Management
66
Verition Fund Management
Connecticut
$2.34M -$22.7M -3,074,432 -93%
QT
67
Quantbot Technologies
New York
$2.31M +$1.61M +217,240 New
SSA
68
Schonfeld Strategic Advisors
New York
$2.21M +$1.54M +208,069 New
Federated Hermes
69
Federated Hermes
Pennsylvania
$2.18M +$1.51M +204,751 New
BAM
70
Blueshift Asset Management
New Jersey
$2.09M +$321K +43,449 +28%
ACM
71
Aquatic Capital Management
Illinois
$2.09M +$1.45M +196,159 New
ECM
72
ExodusPoint Capital Management
New York
$2.01M +$1.4M +189,311 New
Mackenzie Financial
73
Mackenzie Financial
Ontario, Canada
$1.99M -$861K -116,419 -38%
Swiss National Bank
74
Swiss National Bank
Switzerland
$1.98M +$121K +16,300 +10%
GCP
75
GSA Capital Partners
United Kingdom
$1.91M -$2.02M -273,552 -60%
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REAL Hedge Fund Activity: Q3 2025 in Review

223 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in The RealReal (REAL) for Q3 2025, worth a combined $1.09B — up 140% from $454M a quarter earlier.

Buyers outnumbered sellers: 53 funds opened new REAL positions and 32 closed out — a net gain of 21 holders — while 75 added to existing stakes and 75 trimmed.

The largest buyer was Divisadero Street Capital Management, adding an estimated $16.7M. The largest seller was Verition Fund Management, cutting an estimated $22.7M.

  • 223 institutional investors held The RealReal (REAL) as of Q3 2025, up from 203 in Q2 2025.
  • Funds reported $1.09B of The RealReal stock for Q3 2025, up 140% quarter-over-quarter.
  • 53 funds opened new The RealReal positions in Q3 2025 and 32 closed out, a net change of +21 holders.
  • The largest The RealReal buyer in Q3 2025 was Divisadero Street Capital Management, an estimated $16.7M added.
  • The largest The RealReal seller in Q3 2025 was Verition Fund Management, an estimated $22.7M sold.

Based on aggregated 13F filings for Q3 2025.