ThredUp
TDUP
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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$4.6M |
| 2 |
PWAM
Park West Asset Management
San Francisco,
California
|
+$2.54M |
| 3 |
BCM
Bourgeon Capital Management
Darien,
Connecticut
|
+$2.35M |
| 4 |
EI
EAM Investors
Solana Beach,
California
|
+$2.21M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$2.14M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GIM
Granahan Investment Management
Waltham,
Massachusetts
|
-$6.8M |
| 2 |
Millennium Management
New York
|
-$2.45M |
| 3 |
Fidelity International
Hamilton,
Bermuda
|
-$1.97M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
-$1.49M |
| 5 |
GCP
GSA Capital Partners
London,
United Kingdom
|
-$271K |
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.