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63 hedge funds and large institutions have $764M invested in ThredUp in 2021 Q2 according to their latest regulatory filings, with 26 funds opening new positions, 18 increasing their positions, 12 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

73% more first-time investments, than exits

New positions opened: 26 | Existing positions closed: 15

56% more capital invested

Capital invested by funds: $489M → $764M (+$275M)

50% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 12

19% more funds holding

Funds holding: 53 → 63 (+10)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

1.85% less ownership

Funds ownership: 178.45% → 176.6% (-1.9%)

55% less call options, than puts

Call options by funds: $6.83M | Put options by funds: $15.2M

Holders
63
Holders Change
+10
Holders Change %
+18.87%
% of All Funds
1.1%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
26
Increased
18
Reduced
12
Closed
15
Calls
$6.83M
Puts
$15.2M
Net Calls
-$8.41M
Net Calls Change
-$8.41M

Top Buyers

Rank Fund Capital Flow
1
PCM
Penserra Capital Management
California
+$25.1M
2
Vanguard Group
Vanguard Group
Pennsylvania
+$24.1M
3
Artisan Partners
Artisan Partners
Wisconsin
+$21.5M
4
Principal Financial Group
Principal Financial Group
Iowa
+$17M
5
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$13.2M

Top Sellers

Rank Fund Capital Flow
1
ACH
ArrowMark Colorado Holdings
Colorado
-$14M
2
Millennium Management
Millennium Management
New York
-$5.91M
3
JP Morgan Chase
JP Morgan Chase
New York
-$4.55M
4
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
-$4.21M
5
Goldman Sachs
Goldman Sachs
New York
-$3.87M
Name Holding Trade Value Shares
Change 		Change in
Stake
WP
26
Woodline Partners
California
$3.13M -$919K -42,627 -28%
Luther King Capital Management (LKCM)
27
Luther King Capital Management (LKCM)
Texas
$2.91M – – –
ZP
28
Zimmer Partners
New York
$2.33M – – –
NFC
29
Northeast Financial Consultants
Connecticut
$2.13M +$1.58M +73,238 New
State Street
30
State Street
Massachusetts
$1.34M +$992K +46,000 New
EGM
31
Engineers Gate Manager
New York
$1.26M +$934K +43,316 New
Marshall Wace
32
Marshall Wace
United Kingdom
$1.25M +$923K +42,813 New
Squarepoint
33
Squarepoint
New York
$1.22M +$233K +10,814 +35%
MWNA
34
Marshall Wace North America
New York
$1.19M -$407K -18,872 -32%
CI Investments Inc
35
CI Investments Inc
Ontario, Canada
$1.05M – – –
Bank of America
36
Bank of America
North Carolina
$974K -$487K -22,599 -40%
D.E. Shaw & Co
37
D.E. Shaw & Co
New York
$894K +$663K +30,744 New
Northern Trust
38
Northern Trust
Illinois
$853K +$633K +29,334 New
Citadel Advisors
39
Citadel Advisors
Florida
$837K +$620K +28,773 New
SEI Investments
40
SEI Investments
Pennsylvania
$795K +$322K +14,910 +120%
LPL Financial
41
LPL Financial
California
$772K +$272K +12,619 +91%
TD Asset Management
42
TD Asset Management
Ontario, Canada
$676K +$61.7K +2,862 +11%
ACM
43
AKRE Capital Management
Virginia
$654K -$3.83M -177,500 -89%
QSS
44
Quantitative Systematic Strategies
Florida
$407K +$302K +14,000 New
LCS
45
Levin Capital Strategies
New York
$349K +$259K +12,000 New
Bank of New York Mellon
46
Bank of New York Mellon
New York
$336K +$249K +11,552 New
Envestnet Asset Management
47
Envestnet Asset Management
Illinois
$311K +$231K +10,699 New
PG
48
Pendal Group
Australia
$303K -$95.8K -4,441 -30%
Teacher Retirement System of Texas
49
Teacher Retirement System of Texas
Texas
$291K – – –
Jane Street
50
Jane Street
New York
$260K +$192K +8,925 New
1
2
3 4

TDUP Hedge Fund Activity: Q2 2021 in Review

63 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in ThredUp (TDUP) for Q2 2021, worth a combined $764M — up 56% from $489M a quarter earlier.

Buyers outnumbered sellers: 26 funds opened new TDUP positions and 15 closed out — a net gain of 11 holders — while 18 added to existing stakes and 12 trimmed.

The largest buyer was Penserra Capital Management, opening a new position worth an estimated $25.1M. The largest seller was ArrowMark Colorado Holdings, exiting entirely with an estimated $14M sold.

  • 63 institutional investors held ThredUp (TDUP) as of Q2 2021, up from 53 in Q1 2021.
  • Funds reported $764M of ThredUp stock for Q2 2021, up 56% quarter-over-quarter.
  • 26 funds opened new ThredUp positions in Q2 2021 and 15 closed out, a net change of +11 holders.
  • The largest ThredUp buyer in Q2 2021 was Penserra Capital Management, an estimated $25.1M added.
  • The largest ThredUp seller in Q2 2021 was ArrowMark Colorado Holdings, an estimated $14M sold.

Based on aggregated 13F filings for Q2 2021.