The RealReal
REAL
137 hedge funds and large institutions have $115M invested in The RealReal in 2023 Q4 according to their latest regulatory filings, with 30 funds opening new positions, 44 increasing their positions, 34 reducing their positions, and 28 closing their positions.
29% more repeat investments, than reductions
Existing positions increased: 44 | Existing positions reduced: 34
19% more capital invested
Capital invested by funds: $96.5M → $115M (+$18.2M)
8.44% more ownership
Funds ownership: 44.61% → 53.05% (+8.4%)
7% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 28
1% less funds holding
Funds holding: 139 → 137 (-2)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
62% less call options, than puts
Call options by funds: $3.67M | Put options by funds: $9.66M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$4.84M |
| 2 |
Balyasny Asset Management
Chicago,
Illinois
|
+$4.22M |
| 3 |
D.E. Shaw & Co
New York
|
+$3.21M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$2.42M |
| 5 |
LCM
Laurion Capital Management
New York
|
+$1.84M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$1.46M |
| 2 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$1.37M |
| 3 |
EI
EAM Investors
Solana Beach,
California
|
-$1.04M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
-$997K |
| 5 |
Marshall Wace
London,
United Kingdom
|
-$972K |
REAL Hedge Fund Activity: Q4 2023 in Review
137 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in The RealReal (REAL) for Q4 2023, worth a combined $115M — up 19% from $96.5M a quarter earlier.
Buyers outnumbered sellers: 30 funds opened new REAL positions and 28 closed out — a net gain of 2 holders — while 44 added to existing stakes and 34 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $4.84M. The largest seller was Millennium Management, cutting an estimated $1.46M.
- 137 institutional investors held The RealReal (REAL) as of Q4 2023, down from 139 in Q3 2023.
- Funds reported $115M of The RealReal stock for Q4 2023, up 19% quarter-over-quarter.
- 30 funds opened new The RealReal positions in Q4 2023 and 28 closed out, a net change of +2 holders.
- The largest The RealReal buyer in Q4 2023 was Morgan Stanley, an estimated $4.84M added.
- The largest The RealReal seller in Q4 2023 was Millennium Management, an estimated $1.46M sold.
Based on aggregated 13F filings for Q4 2023.