The RealReal
REAL
210 hedge funds and large institutions have $492M invested in The RealReal in 2025 Q1 according to their latest regulatory filings, with 51 funds opening new positions, 82 increasing their positions, 55 reducing their positions, and 30 closing their positions.
197% more call options, than puts
Call options by funds: $26.9M | Put options by funds: $9.08M
70% more first-time investments, than exits
New positions opened: 51 | Existing positions closed: 30
49% more repeat investments, than reductions
Existing positions increased: 82 | Existing positions reduced: 55
11.69% more ownership
Funds ownership: 70.31% → 82% (+12%)
11% more funds holding
Funds holding: 190 → 210 (+20)
42% less capital invested
Capital invested by funds: $843M → $492M (-$351M)
50% less funds holding in top 10
Funds holding in top 10: 8 → 4 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WCM
Woodson Capital Management
Greenwich,
Connecticut
|
+$14.8M |
| 2 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$12.8M |
| 3 |
Verition Fund Management
Greenwich,
Connecticut
|
+$10.9M |
| 4 |
Balyasny Asset Management
Chicago,
Illinois
|
+$10.7M |
| 5 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
+$9.87M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KWM
Kanen Wealth Management
Coconut Creek,
Florida
|
-$20.1M |
| 2 |
SG Americas Securities
New York
|
-$17.9M |
| 3 |
Norges Bank
Oslo,
Norway
|
-$12M |
| 4 |
ACM
Atika Capital Management
New York
|
-$8.15M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$6.69M |
REAL Hedge Fund Activity: Q1 2025 in Review
210 of the 7,471 institutional investors tracked by Wall St. Rank reported a position in The RealReal (REAL) for Q1 2025, worth a combined $492M — down 42% from $843M a quarter earlier.
Buyers outnumbered sellers: 51 funds opened new REAL positions and 30 closed out — a net gain of 21 holders — while 82 added to existing stakes and 55 trimmed.
The largest buyer was Woodson Capital Management, adding an estimated $14.8M. The largest seller was Kanen Wealth Management, cutting an estimated $20.1M.
- 210 institutional investors held The RealReal (REAL) as of Q1 2025, up from 190 in Q4 2024.
- Funds reported $492M of The RealReal stock for Q1 2025, down 42% quarter-over-quarter.
- 51 funds opened new The RealReal positions in Q1 2025 and 30 closed out, a net change of +21 holders.
- The largest The RealReal buyer in Q1 2025 was Woodson Capital Management, an estimated $14.8M added.
- The largest The RealReal seller in Q1 2025 was Kanen Wealth Management, an estimated $20.1M sold.
Based on aggregated 13F filings for Q1 2025.