The RealReal
REAL
125 hedge funds and large institutions have $448M invested in The RealReal in 2020 Q1 according to their latest regulatory filings, with 46 funds opening new positions, 45 increasing their positions, 24 reducing their positions, and 27 closing their positions.
88% more repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 24
70% more first-time investments, than exits
New positions opened: 46 | Existing positions closed: 27
15% more funds holding
Funds holding: 109 → 125 (+16)
3.62% less ownership
Funds ownership: 76.99% → 73.37% (-3.6%)
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
50% less call options, than puts
Call options by funds: $1.81M | Put options by funds: $3.62M
64% less capital invested
Capital invested by funds: $1.24B → $448M (-$795M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WCM
Woodson Capital Management
Greenwich,
Connecticut
|
+$28.6M |
| 2 |
BlackRock
New York
|
+$23.5M |
| 3 |
Norges Bank
Oslo,
Norway
|
+$23.4M |
| 4 |
BPIH
Broad Peak Investment Holdings
Singapore
|
+$23.1M |
| 5 |
JP Morgan Chase
New York
|
+$16.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CPI
Canaan Partners IX
Menlo Park,
California
|
-$57.3M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$38.2M |
| 3 |
IVM
InterWest Venture Management
San Francisco,
California
|
-$21.1M |
| 4 |
MRCP
Maple Rock Capital Partners
Toronto,
Ontario, Canada
|
-$18.9M |
| 5 |
Franklin Resources
San Mateo,
California
|
-$15.9M |
REAL Hedge Fund Activity: Q1 2020 in Review
125 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in The RealReal (REAL) for Q1 2020, worth a combined $448M — down 64% from $1.24B a quarter earlier.
Buyers outnumbered sellers: 46 funds opened new REAL positions and 27 closed out — a net gain of 19 holders — while 45 added to existing stakes and 24 trimmed.
The largest buyer was Woodson Capital Management, opening a new position worth an estimated $28.6M. The largest seller was Canaan Partners IX, cutting an estimated $57.3M.
- 125 institutional investors held The RealReal (REAL) as of Q1 2020, up from 109 in Q4 2019.
- Funds reported $448M of The RealReal stock for Q1 2020, down 64% quarter-over-quarter.
- 46 funds opened new The RealReal positions in Q1 2020 and 27 closed out, a net change of +19 holders.
- The largest The RealReal buyer in Q1 2020 was Woodson Capital Management, an estimated $28.6M added.
- The largest The RealReal seller in Q1 2020 was Canaan Partners IX, an estimated $57.3M sold.
Based on aggregated 13F filings for Q1 2020.