The RealReal
REAL
253 hedge funds and large institutions have $1.33B invested in The RealReal in 2026 Q2 according to their latest regulatory filings, with 51 funds opening new positions, 104 increasing their positions, 68 reducing their positions, and 43 closing their positions.
109% more call options, than puts
Call options by funds: $36.3M | Put options by funds: $17.4M
53% more repeat investments, than reductions
Existing positions increased: 104 | Existing positions reduced: 68
27% more capital invested
Capital invested by funds: $1.05B → $1.33B (+$281M)
19% more first-time investments, than exits
New positions opened: 51 | Existing positions closed: 43
2% more funds holding
Funds holding: 248 → 253 (+5)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
3.53% less ownership
Funds ownership: 97.29% → 93.76% (-3.5%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DSCM
Divisadero Street Capital Management
Miami,
Florida
|
+$51.8M |
| 2 |
BlackRock
New York
|
+$24.5M |
| 3 |
Balyasny Asset Management
Chicago,
Illinois
|
+$12.7M |
| 4 |
GGHC
Gilder Gagnon Howe & Co
New York
|
+$10.3M |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
+$8.39M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$62.6M |
| 2 |
Jane Street
New York
|
-$22M |
| 3 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
-$19.5M |
| 4 |
BNP Paribas Financial Markets
Paris,
France
|
-$14.6M |
| 5 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$12.5M |
REAL Hedge Fund Activity: Q2 2026 in Review
253 of the 8,305 institutional investors tracked by Wall St. Rank reported a position in The RealReal (REAL) for Q2 2026, worth a combined $1.33B — up 27% from $1.05B a quarter earlier.
Buyers outnumbered sellers: 51 funds opened new REAL positions and 43 closed out — a net gain of 8 holders — while 104 added to existing stakes and 68 trimmed.
The largest buyer was Divisadero Street Capital Management, adding an estimated $51.8M. The largest seller was Fidelity Investments, cutting an estimated $62.6M.
- 253 institutional investors held The RealReal (REAL) as of Q2 2026, up from 248 in Q1 2026.
- Funds reported $1.33B of The RealReal stock for Q2 2026, up 27% quarter-over-quarter.
- 51 funds opened new The RealReal positions in Q2 2026 and 43 closed out, a net change of +8 holders.
- The largest The RealReal buyer in Q2 2026 was Divisadero Street Capital Management, an estimated $51.8M added.
- The largest The RealReal seller in Q2 2026 was Fidelity Investments, an estimated $62.6M sold.
Based on aggregated 13F filings for Q2 2026.