The RealReal
REAL
248 hedge funds and large institutions have $1.05B invested in The RealReal in 2026 Q1 according to their latest regulatory filings, with 58 funds opening new positions, 87 increasing their positions, 73 reducing their positions, and 42 closing their positions.
264% more call options, than puts
Call options by funds: $54.3M | Put options by funds: $14.9M
38% more first-time investments, than exits
New positions opened: 58 | Existing positions closed: 42
19% more repeat investments, than reductions
Existing positions increased: 87 | Existing positions reduced: 73
5% more funds holding
Funds holding: 236 → 248 (+12)
2.35% less ownership
Funds ownership: 99.64% → 97.29% (-2.3%)
43% less capital invested
Capital invested by funds: $1.83B → $1.05B (-$783M)
57% less funds holding in top 10
Funds holding in top 10: 7 → 3 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$25.8M |
| 2 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$24.8M |
| 3 |
Two Sigma Investments
New York
|
+$22.2M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$18.9M |
| 5 |
Point72 Asset Management
Stamford,
Connecticut
|
+$16.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$30.5M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$19.5M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$17.8M |
| 4 |
BC
BIT Capital
Berlin,
Germany
|
-$14.3M |
| 5 |
PCM
Penn Capital Management
Philadelphia,
Pennsylvania
|
-$14.3M |
REAL Hedge Fund Activity: Q1 2026 in Review
248 of the 8,187 institutional investors tracked by Wall St. Rank reported a position in The RealReal (REAL) for Q1 2026, worth a combined $1.05B — down 43% from $1.83B a quarter earlier.
Buyers outnumbered sellers: 58 funds opened new REAL positions and 42 closed out — a net gain of 16 holders — while 87 added to existing stakes and 73 trimmed.
The largest buyer was Jane Street, adding an estimated $25.8M. The largest seller was Driehaus Capital Management, cutting an estimated $30.5M.
- 248 institutional investors held The RealReal (REAL) as of Q1 2026, up from 236 in Q4 2025.
- Funds reported $1.05B of The RealReal stock for Q1 2026, down 43% quarter-over-quarter.
- 58 funds opened new The RealReal positions in Q1 2026 and 42 closed out, a net change of +16 holders.
- The largest The RealReal buyer in Q1 2026 was Jane Street, an estimated $25.8M added.
- The largest The RealReal seller in Q1 2026 was Driehaus Capital Management, an estimated $30.5M sold.
Based on aggregated 13F filings for Q1 2026.