ThredUp
TDUP
174 hedge funds and large institutions have $336M invested in ThredUp in 2026 Q1 according to their latest regulatory filings, with 36 funds opening new positions, 68 increasing their positions, 46 reducing their positions, and 48 closing their positions.
56% more call options, than puts
Call options by funds: $539K | Put options by funds: $345K
48% more repeat investments, than reductions
Existing positions increased: 68 | Existing positions reduced: 46
5.41% more ownership
Funds ownership: 90.82% → 96.23% (+5.4%)
7% less funds holding
Funds holding: 188 → 174 (-14)
25% less first-time investments, than exits
New positions opened: 36 | Existing positions closed: 48
44% less capital invested
Capital invested by funds: $605M → $336M (-$269M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NIM
Needham Investment Management
New York
|
+$14.8M |
| 2 |
CI Investments Inc
Toronto,
Ontario, Canada
|
+$8.39M |
| 3 |
Two Sigma Investments
New York
|
+$6.11M |
| 4 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$5.47M |
| 5 |
Squarepoint
New York
|
+$4.93M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$13.8M |
| 2 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$4.74M |
| 3 |
MC
Maverick Capital
Dallas,
Texas
|
-$4.42M |
| 4 |
Renaissance Technologies
New York
|
-$4.09M |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$3.52M |
TDUP Hedge Fund Activity: Q1 2026 in Review
174 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in ThredUp (TDUP) for Q1 2026, worth a combined $336M — down 44% from $605M a quarter earlier.
Sellers outnumbered buyers: 48 funds closed out of TDUP and 36 opened new positions — a net loss of 12 holders — while 46 trimmed existing stakes and 68 added.
The largest buyer was Needham Investment Management, adding an estimated $14.8M. The largest seller was Driehaus Capital Management, exiting entirely with an estimated $13.8M sold.
- 174 institutional investors held ThredUp (TDUP) as of Q1 2026, down from 188 in Q4 2025.
- Funds reported $336M of ThredUp stock for Q1 2026, down 44% quarter-over-quarter.
- 36 funds opened new ThredUp positions in Q1 2026 and 48 closed out, a net change of -12 holders.
- The largest ThredUp buyer in Q1 2026 was Needham Investment Management, an estimated $14.8M added.
- The largest ThredUp seller in Q1 2026 was Driehaus Capital Management, an estimated $13.8M sold.
Based on aggregated 13F filings for Q1 2026.