The RealReal
REAL
152 hedge funds and large institutions have $1.05B invested in The RealReal in 2020 Q3 according to their latest regulatory filings, with 52 funds opening new positions, 48 increasing their positions, 26 reducing their positions, and 36 closing their positions.
85% more repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 26
44% more first-time investments, than exits
New positions opened: 52 | Existing positions closed: 36
38% more call options, than puts
Call options by funds: $9.15M | Put options by funds: $6.64M
14% more capital invested
Capital invested by funds: $922M → $1.05B (+$129M)
10% more funds holding
Funds holding: 138 → 152 (+14)
2.03% more ownership
Funds ownership: 82.95% → 84.97% (+2%)
29% less funds holding in top 10
Funds holding in top 10: 7 → 5 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MVP
Miller Value Partners
Sarasota,
Florida
|
+$40.8M |
| 2 |
Millennium Management
New York
|
+$17.5M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$16.1M |
| 4 |
GLA
Great Lakes Advisors
Chicago,
Illinois
|
+$14.7M |
| 5 |
Teacher Retirement System of Texas
Austin,
Texas
|
+$13.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GHP
Great Hill Partners
Boston,
Massachusetts
|
-$92.1M |
| 2 |
GA
Greenspring Associates
Owings Mills,
Maryland
|
-$53.1M |
| 3 |
IVM
InterWest Venture Management
San Francisco,
California
|
-$19.9M |
| 4 |
Norges Bank
Oslo,
Norway
|
-$8.7M |
| 5 |
MCM
Masters Capital Management
Atlanta,
Georgia
|
-$6.11M |
REAL Hedge Fund Activity: Q3 2020 in Review
152 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in The RealReal (REAL) for Q3 2020, worth a combined $1.05B — up 14% from $922M a quarter earlier.
Buyers outnumbered sellers: 52 funds opened new REAL positions and 36 closed out — a net gain of 16 holders — while 48 added to existing stakes and 26 trimmed.
The largest buyer was Miller Value Partners, adding an estimated $40.8M. The largest seller was Great Hill Partners, cutting an estimated $92.1M.
- 152 institutional investors held The RealReal (REAL) as of Q3 2020, up from 138 in Q2 2020.
- Funds reported $1.05B of The RealReal stock for Q3 2020, up 14% quarter-over-quarter.
- 52 funds opened new The RealReal positions in Q3 2020 and 36 closed out, a net change of +16 holders.
- The largest The RealReal buyer in Q3 2020 was Miller Value Partners, an estimated $40.8M added.
- The largest The RealReal seller in Q3 2020 was Great Hill Partners, an estimated $92.1M sold.
Based on aggregated 13F filings for Q3 2020.