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The RealReal
REAL

170 hedge funds and large institutions have $1.11B invested in The RealReal in 2021 Q3 according to their latest regulatory filings, with 31 funds opening new positions, 67 increasing their positions, 50 reducing their positions, and 39 closing their positions.

New
Increased
Maintained
Reduced
Closed

34% more repeat investments, than reductions

Existing positions increased: 67 | Existing positions reduced: 50

27% more call options, than puts

Call options by funds: $28.1M | Put options by funds: $22.1M

5% less funds holding

Funds holding: 179 → 170 (-9)

7.49% less ownership

Funds ownership: 99.6% → 92.11% (-7.5%)

21% less first-time investments, than exits

New positions opened: 31 | Existing positions closed: 39

33% less funds holding in top 10

Funds holding in top 10: 3 → 2 (-1)

38% less capital invested

Capital invested by funds: $1.79B → $1.11B (-$674M)

Holders
170
Holders Change
-9
Holders Change %
-5.03%
% of All Funds
2.98%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.04%
New
31
Increased
67
Reduced
50
Closed
39
Calls
$28.1M
Puts
$22.1M
Net Calls
+$5.94M
Net Calls Change
-$27.9M

Top Buyers

1
Vanguard Group
Vanguard Group
Pennsylvania
+$19.2M
2
EC
Eminence Capital
New York
+$18.2M
3
Wellington Management Group
Wellington Management Group
Massachusetts
+$13.3M
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$11.1M
5
PAMP
Polar Asset Management Partners
Ontario, Canada
+$10.7M

Top Sellers

1
AllianceBernstein
AllianceBernstein
Tennessee
-$44.1M
2
BPIH
Broad Peak Investment Holdings
Singapore
-$41.4M
3
DCP
Diameter Capital Partners
New York
-$24.6M
4
HLAM
Hidden Lake Asset Management
New York
-$17.4M
5
Wells Fargo
Wells Fargo
California
-$17.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
Fidelity Investments
1
Fidelity Investments
Massachusetts
$130M -$16M -1,082,761 -10%
Vanguard Group
2
Vanguard Group
Pennsylvania
$94.2M +$19.2M +1,296,800 +22%
BlackRock
3
BlackRock
New York
$66.9M -$2.34M -157,801 -3%
Wellington Management Group
4
Wellington Management Group
Massachusetts
$56.1M +$13.3M +897,537 +27%
MVP
5
Miller Value Partners
Florida
$52.1M -$2.31M -155,839 -4%
JP Morgan Chase
6
JP Morgan Chase
New York
$49.6M -$4.08M -275,730 -7%
T. Rowe Price Associates
7
T. Rowe Price Associates
Maryland
$44.2M +$3.26M +219,774 +7%
Invesco
8
Invesco
Georgia
$37.2M -$13.7M -921,720 -25%
IVM
9
InterWest Venture Management
California
$31M – – –
State Street
10
State Street
Massachusetts
$28.1M +$2.52M +170,251 +9%
Citadel Advisors
11
Citadel Advisors
Florida
$26.2M -$7.96M -537,185 -21%
Morgan Stanley
12
Morgan Stanley
New York
$25.7M +$3.05M +206,158 +12%
Millennium Management
13
Millennium Management
New York
$24M +$6.03M +406,798 +29%
TCM
14
TimesSquare Capital Management
New York
$21.7M -$1.2M -80,960 -5%
Manulife (Manufacturers Life Insurance)
15
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$20.4M +$10.4M +698,689 +82%
CS
16
Credit Suisse
Switzerland
$19.4M +$1.28M +86,273 +6%
ProShare Advisors
17
ProShare Advisors
Maryland
$18.5M -$10.5M -707,062 -33%
Susquehanna International Group
18
Susquehanna International Group
Pennsylvania
$18.1M +$11.1M +749,520 +121%
Geode Capital Management
19
Geode Capital Management
Massachusetts
$17.7M +$2.12M +143,385 +12%
Goldman Sachs
20
Goldman Sachs
New York
$16.7M +$7.7M +519,568 +70%
EC
21
Eminence Capital
New York
$16.2M +$18.2M +1,226,837 New
PCM
22
Penserra Capital Management
California
$15.8M -$3.89M -262,811 -18%
Wells Fargo
23
Wells Fargo
California
$12.4M -$17.1M -1,156,139 -55%
AllianceBernstein
24
AllianceBernstein
Tennessee
$11.7M -$44.1M -2,974,948 -77%
Two Sigma Investments
25
Two Sigma Investments
New York
$11.3M +$8.69M +586,851 +219%
1
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REAL Hedge Fund Activity: Q3 2021 in Review

170 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in The RealReal (REAL) for Q3 2021, worth a combined $1.11B — down 38% from $1.79B a quarter earlier.

Sellers outnumbered buyers: 39 funds closed out of REAL and 31 opened new positions — a net loss of 8 holders — while 50 trimmed existing stakes and 67 added.

The largest buyer was Vanguard Group, adding an estimated $19.2M. The largest seller was AllianceBernstein, cutting an estimated $44.1M.

  • 170 institutional investors held The RealReal (REAL) as of Q3 2021, down from 179 in Q2 2021.
  • Funds reported $1.11B of The RealReal stock for Q3 2021, down 38% quarter-over-quarter.
  • 31 funds opened new The RealReal positions in Q3 2021 and 39 closed out, a net change of -8 holders.
  • The largest The RealReal buyer in Q3 2021 was Vanguard Group, an estimated $19.2M added.
  • The largest The RealReal seller in Q3 2021 was AllianceBernstein, an estimated $44.1M sold.

Based on aggregated 13F filings for Q3 2021.