ThredUp
TDUP
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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Penserra Capital Management
Orinda,
California
|
+$25.1M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$24.1M |
| 3 |
Artisan Partners
Milwaukee,
Wisconsin
|
+$21.5M |
| 4 |
Principal Financial Group
Des Moines,
Iowa
|
+$17M |
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$13.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
-$14M |
| 2 |
Millennium Management
New York
|
-$5.91M |
| 3 |
JP Morgan Chase
New York
|
-$4.55M |
| 4 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$4.21M |
| 5 |
Goldman Sachs
New York
|
-$3.87M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$206K | -9,564 | Closed |
|
|
PPA
77
Parametric Portfolio Associates
Seattle,
Washington
| – | -$205K | -8,786 | Closed |
|
78
Legal & General Group
London,
United Kingdom
| – | -$12K | -500 | Closed |
|
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.