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106 hedge funds and large institutions have $256M invested in ThredUp in 2023 Q3 according to their latest regulatory filings, with 33 funds opening new positions, 32 increasing their positions, 21 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

656% more call options, than puts

Call options by funds: $1.56M | Put options by funds: $207K

120% more first-time investments, than exits

New positions opened: 33 | Existing positions closed: 15

71% more capital invested

Capital invested by funds: $150M → $256M (+$107M)

52% more repeat investments, than reductions

Existing positions increased: 32 | Existing positions reduced: 21

19% more funds holding

Funds holding: 89 → 106 (+17)

1.62% less ownership

Funds ownership: 86.61% → 84.99% (-1.6%)

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
106
Holders Change
+17
Holders Change %
+19.1%
% of All Funds
1.68%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
33
Increased
32
Reduced
21
Closed
15
Calls
$1.56M
Puts
$207K
Net Calls
+$1.36M
Net Calls Change
+$1.22M

Top Buyers

Rank Fund Capital Flow
1
Fidelity Investments
Fidelity Investments
Massachusetts
+$4.6M
2
PWAM
Park West Asset Management
California
+$2.54M
3
BCM
Bourgeon Capital Management
Connecticut
+$2.35M
4
EI
EAM Investors
California
+$2.21M
5
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$2.14M

Top Sellers

Rank Fund Capital Flow
1
GIM
Granahan Investment Management
Massachusetts
-$6.8M
2
Millennium Management
Millennium Management
New York
-$2.45M
3
Fidelity International
Fidelity International
Bermuda
-$1.97M
4
Ameriprise
Ameriprise
Minnesota
-$1.49M
5
GCP
GSA Capital Partners
United Kingdom
-$271K
Name Holding Trade Value Shares
Change 		Change in
Stake
Russell Investments Group
26
Russell Investments Group
United Kingdom
$1.55M +$1.31M +385,945 New
PAM
27
Panagora Asset Management
Massachusetts
$1.44M +$648K +191,031 +113%
EIM
28
Essex Investment Management
Massachusetts
$1.44M +$1.22M +358,759 New
Prudential Financial
29
Prudential Financial
New Jersey
$1.26M +$1.07M +314,945 New
Renaissance Technologies
30
Renaissance Technologies
New York
$1.26M -$9.5K -2,800 -0.9%
GIPM
31
G2 Investment Partners Management
New York
$1.14M +$965K +284,381 New
Bank of New York Mellon
32
Bank of New York Mellon
New York
$1.09M -$26.8K -7,896 -3%
Millennium Management
33
Millennium Management
New York
$983K -$2.45M -721,885 -75%
N
34
Nuveen
North Carolina
$864K -$4.91K -1,447 -0.7%
BCM
35
Bridgeway Capital Management
Texas
$802K – – –
Citadel Advisors
36
Citadel Advisors
Florida
$788K +$666K +196,434 New
Charles Schwab
37
Charles Schwab
California
$785K – – –
Boston Partners
38
Boston Partners
Massachusetts
$596K +$504K +148,690 New
LCM
39
Legato Capital Management
California
$537K +$454K +133,813 New
JP Morgan Chase
40
JP Morgan Chase
New York
$445K +$104K +30,541 +38%
RhumbLine Advisers
41
RhumbLine Advisers
Massachusetts
$388K +$11.2K +3,298 +4%
Bank of America
42
Bank of America
North Carolina
$341K +$146K +42,935 +102%
ECM
43
ExodusPoint Capital Management
New York
$319K +$270K +79,508 New
Morgan Stanley
44
Morgan Stanley
New York
$310K -$54.7K -16,127 -17%
URS
45
Utah Retirement Systems
Utah
$254K – – –
OQS
46
Occudo Quantitative Strategies
Florida
$248K +$210K +61,863 New
EGM
47
Engineers Gate Manager
New York
$243K +$206K +60,693 New
Two Sigma Investments
48
Two Sigma Investments
New York
$242K +$88.3K +26,033 +76%
PFM
49
Privium Fund Management
Netherlands
$209K +$105K +31,000 +148%
Susquehanna International Group
50
Susquehanna International Group
Pennsylvania
$205K -$23.6K -6,968 -12%
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TDUP Hedge Fund Activity: Q3 2023 in Review

106 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in ThredUp (TDUP) for Q3 2023, worth a combined $256M — up 71% from $150M a quarter earlier.

Buyers outnumbered sellers: 33 funds opened new TDUP positions and 15 closed out — a net gain of 18 holders — while 32 added to existing stakes and 21 trimmed.

The largest buyer was Fidelity Investments, adding an estimated $4.6M. The largest seller was Granahan Investment Management, cutting an estimated $6.8M.

  • 106 institutional investors held ThredUp (TDUP) as of Q3 2023, up from 89 in Q2 2023.
  • Funds reported $256M of ThredUp stock for Q3 2023, up 71% quarter-over-quarter.
  • 33 funds opened new ThredUp positions in Q3 2023 and 15 closed out, a net change of +18 holders.
  • The largest ThredUp buyer in Q3 2023 was Fidelity Investments, an estimated $4.6M added.
  • The largest ThredUp seller in Q3 2023 was Granahan Investment Management, an estimated $6.8M sold.

Based on aggregated 13F filings for Q3 2023.