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161 hedge funds and large institutions have $560M invested in ThredUp in 2025 Q2 according to their latest regulatory filings, with 56 funds opening new positions, 64 increasing their positions, 28 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

954% more call options, than puts

Call options by funds: $10.2M | Put options by funds: $964K

522% more first-time investments, than exits

New positions opened: 56 | Existing positions closed: 9

300% more capital invested

Capital invested by funds: $140M → $560M (+$420M)

129% more repeat investments, than reductions

Existing positions increased: 64 | Existing positions reduced: 28

41% more funds holding

Funds holding: 114 → 161 (+47)

14.81% more ownership

Funds ownership: 62.77% → 77.58% (+15%)

Holders
161
Holders Change
+47
Holders Change %
+41.23%
% of All Funds
2.12%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.01%
New
56
Increased
64
Reduced
28
Closed
9
Calls
$10.2M
Puts
$964K
Net Calls
+$9.2M
Net Calls Change
+$8.92M

Top Buyers

Rank Fund Capital Flow
1
Vanguard Group
Vanguard Group
Pennsylvania
+$10.5M
2
Morgan Stanley
Morgan Stanley
New York
+$9.97M
3
BlackRock
BlackRock
New York
+$9.48M
4
Marshall Wace
Marshall Wace
United Kingdom
+$8.77M
5
DCM
Driehaus Capital Management
Illinois
+$8.07M

Top Sellers

Rank Fund Capital Flow
1
Ameriprise
Ameriprise
Minnesota
-$29M
2
Fidelity International
Fidelity International
Bermuda
-$13.4M
3
B
BloombergSen
Ontario, Canada
-$3.68M
4
Jacobs Levy Equity Management
Jacobs Levy Equity Management
New Jersey
-$2.81M
5
NIM
Needham Investment Management
New York
-$2.79M
Name Holding Trade Value Shares
Change 		Change in
Stake
Fidelity International
26
Fidelity International
Bermuda
$5.06M -$13.4M -2,275,000 -77%
B
27
BloombergSen
Ontario, Canada
$4.82M -$3.68M -626,365 -49%
PAM
28
Panagora Asset Management
Massachusetts
$4.72M +$859K +146,245 +30%
Walleye Capital
29
Walleye Capital
New York
$4.39M +$3.02M +513,280 +708%
EI
30
EAM Investors
California
$4.37M +$1.6M +271,653 +87%
Arrowstreet Capital
31
Arrowstreet Capital
Massachusetts
$4.23M +$1.25M +212,131 +60%
Federated Hermes
32
Federated Hermes
Pennsylvania
$4.02M +$3.15M +536,652 New
MC
33
Maverick Capital
Texas
$3.93M +$3.09M +525,270 New
Qube Research & Technologies (QRT)
34
Qube Research & Technologies (QRT)
United Kingdom
$3.72M +$2.23M +379,043 +322%
Tudor Investment Corp
35
Tudor Investment Corp
Connecticut
$3.45M +$2.71M +460,759 New
BNP Paribas Financial Markets
36
BNP Paribas Financial Markets
France
$3.07M +$2.38M +404,618 +7,501%
TI
37
Trexquant Investment
Connecticut
$2.98M +$2.34M +398,230 New
Deutsche Bank
38
Deutsche Bank
Germany
$2.67M +$1.85M +314,145 +737%
Charles Schwab
39
Charles Schwab
California
$2.49M +$669K +113,778 +52%
Goldman Sachs
40
Goldman Sachs
New York
$2.2M +$883K +150,214 +105%
EGM
41
Engineers Gate Manager
New York
$1.89M +$1.48M +252,557 New
Bank of New York Mellon
42
Bank of New York Mellon
New York
$1.75M +$269K +45,706 +24%
SPPAM
43
Summit Partners Public Asset Management
Massachusetts
$1.72M +$1.35M +230,000 New
UBS Group
44
UBS Group
Switzerland
$1.59M +$1M +170,467 +408%
Bank of America
45
Bank of America
North Carolina
$1.51M +$845K +143,831 +247%
ACM
46
Archon Capital Management
Washington
$1.46M -$326K -55,475 -22%
SEI Investments
47
SEI Investments
Pennsylvania
$1.44M +$1,000K +170,107 +786%
GCP
48
GSA Capital Partners
United Kingdom
$1.41M +$78K +13,269 +8%
Simplex Trading
49
Simplex Trading
Illinois
$1.39M +$1.06M +179,715 +2,812%
Balyasny Asset Management
50
Balyasny Asset Management
Illinois
$1.38M +$1.08M +183,928 New
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TDUP Hedge Fund Activity: Q2 2025 in Review

161 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in ThredUp (TDUP) for Q2 2025, worth a combined $560M — up 300% from $140M a quarter earlier.

Buyers outnumbered sellers: 56 funds opened new TDUP positions and 9 closed out — a net gain of 47 holders — while 64 added to existing stakes and 28 trimmed.

The largest buyer was Vanguard Group, adding an estimated $10.5M. The largest seller was Ameriprise, cutting an estimated $29M.

  • 161 institutional investors held ThredUp (TDUP) as of Q2 2025, up from 114 in Q1 2025.
  • Funds reported $560M of ThredUp stock for Q2 2025, up 300% quarter-over-quarter.
  • 56 funds opened new ThredUp positions in Q2 2025 and 9 closed out, a net change of +47 holders.
  • The largest ThredUp buyer in Q2 2025 was Vanguard Group, an estimated $10.5M added.
  • The largest ThredUp seller in Q2 2025 was Ameriprise, an estimated $29M sold.

Based on aggregated 13F filings for Q2 2025.