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114 hedge funds and large institutions have $140M invested in ThredUp in 2025 Q1 according to their latest regulatory filings, with 27 funds opening new positions, 32 increasing their positions, 31 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

575% more first-time investments, than exits

New positions opened: 27 | Existing positions closed: 4

94% more capital invested

Capital invested by funds: $72.4M → $140M (+$67.7M)

25% more funds holding

Funds holding: 91 → 114 (+23)

21% more call options, than puts

Call options by funds: $1.63M | Put options by funds: $1.34M

1.97% more ownership

Funds ownership: 60.8% → 62.77% (+2%)

3% more repeat investments, than reductions

Existing positions increased: 32 | Existing positions reduced: 31

Holders
114
Holders Change
+23
Holders Change %
+25.27%
% of All Funds
1.53%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
27
Increased
32
Reduced
31
Closed
4
Calls
$1.63M
Puts
$1.34M
Net Calls
+$281K
Net Calls Change
-$16K

Top Buyers

Rank Fund Capital Flow
1
Marshall Wace
Marshall Wace
United Kingdom
+$3.13M
2
Millennium Management
Millennium Management
New York
+$2.57M
3
TAM
Tocqueville Asset Management
New York
+$2.23M
4
William Blair & Company
William Blair & Company
Illinois
+$2.16M
5
B
BloombergSen
Ontario, Canada
+$1.45M

Top Sellers

Rank Fund Capital Flow
1
Goldman Sachs
Goldman Sachs
New York
-$2.61M
2
Fidelity International
Fidelity International
Bermuda
-$1.04M
3
Jacobs Levy Equity Management
Jacobs Levy Equity Management
New Jersey
-$470K
4
Morgan Stanley
Morgan Stanley
New York
-$337K
5
JP Morgan Chase
JP Morgan Chase
New York
-$287K
Name Holding Trade Value Shares
Change 		Change in
Stake
N
26
Nuveen
North Carolina
$571K – – –
Charles Schwab
27
Charles Schwab
California
$526K – – –
Bank of New York Mellon
28
Bank of New York Mellon
New York
$454K +$21.3K +9,254 +5%
GCP
29
GSA Capital Partners
United Kingdom
$421K +$118K +51,331 +42%
Susquehanna International Group
30
Susquehanna International Group
Pennsylvania
$400K +$274K +119,038 +253%
PEAK6
31
PEAK6
Illinois
$395K – – –
MA
32
MYDA Advisors
New York
$386K +$368K +160,000 New
Squarepoint
33
Squarepoint
New York
$385K -$219K -95,359 -37%
Goldman Sachs
34
Goldman Sachs
New York
$346K -$2.61M -1,132,408 -89%
Morgan Stanley
35
Morgan Stanley
New York
$333K -$337K -146,463 -51%
DTL
36
Dynamic Technology Lab
Singapore
$332K +$318K +137,964 New
DM
37
Diker Management
New York
$302K +$15.3K +6,655 +6%
Fidelity Investments
38
Fidelity Investments
Massachusetts
$291K +$7.39K +3,209 +3%
Qube Research & Technologies (QRT)
39
Qube Research & Technologies (QRT)
United Kingdom
$284K +$271K +117,818 New
BCM
40
Bridgeway Capital Management
Texas
$265K -$34.5K -15,000 -12%
RhumbLine Advisers
41
RhumbLine Advisers
Massachusetts
$241K +$6.74K +2,928 +3%
AQR Capital Management
42
AQR Capital Management
Connecticut
$228K +$142K +61,547 +186%
Jane Street
43
Jane Street
New York
$223K +$59.8K +25,995 +39%
BAM
44
Bosun Asset Management
Illinois
$205K +$196K +85,000 New
Barclays
45
Barclays
United Kingdom
$192K -$90.9K -39,501 -33%
Dimensional Fund Advisors
46
Dimensional Fund Advisors
Texas
$186K -$20.7K -9,009 -11%
JP Morgan Chase
47
JP Morgan Chase
New York
$186K -$287K -124,769 -62%
Walleye Capital
48
Walleye Capital
New York
$175K +$167K +72,491 New
SW
49
Simplicity Wealth
New Jersey
$156K +$149K +64,856 New
CM
50
Caption Management
Oklahoma
$154K +$147K +63,760 New
1
2
3 4 5

TDUP Hedge Fund Activity: Q1 2025 in Review

114 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in ThredUp (TDUP) for Q1 2025, worth a combined $140M — up 94% from $72.4M a quarter earlier.

Buyers outnumbered sellers: 27 funds opened new TDUP positions and 4 closed out — a net gain of 23 holders — while 32 added to existing stakes and 31 trimmed.

The largest buyer was Marshall Wace, adding an estimated $3.13M. The largest seller was Goldman Sachs, cutting an estimated $2.61M.

  • 114 institutional investors held ThredUp (TDUP) as of Q1 2025, up from 91 in Q4 2024.
  • Funds reported $140M of ThredUp stock for Q1 2025, up 94% quarter-over-quarter.
  • 27 funds opened new ThredUp positions in Q1 2025 and 4 closed out, a net change of +23 holders.
  • The largest ThredUp buyer in Q1 2025 was Marshall Wace, an estimated $3.13M added.
  • The largest ThredUp seller in Q1 2025 was Goldman Sachs, an estimated $2.61M sold.

Based on aggregated 13F filings for Q1 2025.