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ThredUp
TDUP

100 hedge funds and large institutions have $125M invested in ThredUp in 2024 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 31 increasing their positions, 43 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

494% more call options, than puts

Call options by funds: $392K | Put options by funds: $66K

1.97% less ownership

Funds ownership: 81.04% → 79.07% (-2%)

6% less funds holding

Funds holding: 106 → 100 (-6)

11% less capital invested

Capital invested by funds: $141M → $125M (-$16.2M)

28% less repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 43

40% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 15

Holders
100
Holders Change
-6
Holders Change %
-5.66%
% of All Funds
1.44%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
31
Reduced
43
Closed
15
Calls
$392K
Puts
$66K
Net Calls
+$326K
Net Calls Change
-$340K

Top Buyers

Rank Fund Capital Flow
1
NIM
Needham Investment Management
New York
+$6.11M
2
Fidelity International
Fidelity International
Bermuda
+$877K
3
BCM
Bares Capital Management
Texas
+$738K
4
BCM
Bridgeway Capital Management
Texas
+$427K
5
William Blair & Company
William Blair & Company
Illinois
+$423K

Top Sellers

Rank Fund Capital Flow
1
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans
Minnesota
-$1.35M
2
Millennium Management
Millennium Management
New York
-$1.2M
3
GIM
Granahan Investment Management
Massachusetts
-$1.03M
4
Goldman Sachs
Goldman Sachs
New York
-$1.02M
5
Wells Fargo
Wells Fargo
California
-$790K
Name Holding Trade Value Shares
Change 		Change in
Stake
AR
101
Advisory Research
Illinois
– -$291K -129,125 Closed
Prudential Financial
102
Prudential Financial
New Jersey
– -$123K -54,755 Closed
VF
103
Virtu Financial
New York
– -$100K -44,334 Closed
SO
104
STRS Ohio
Ohio
– -$96K -42,800 Closed
EGM
105
Engineers Gate Manager
New York
– -$87.2K -38,737 Closed
Wolverine Trading
106
Wolverine Trading
Illinois
– -$47.8K -21,248 Closed
State Board of Administration of Florida Retirement System
107
State Board of Administration of Florida Retirement System
Florida
– -$46.3K -20,570 Closed
CSS
108
Cubist Systematic Strategies
Connecticut
– -$43.8K -19,480 Closed
Ohio Public Employees Retirement System (OPERS)
109
Ohio Public Employees Retirement System (OPERS)
Ohio
– -$25.9K -11,500 Closed
PMEF
110
Point72 Middle East FZE
United Arab Emirates
– -$25.7K -11,430 Closed
Victory Capital Management
111
Victory Capital Management
Texas
– -$22.6K -10,043 Closed
ASN
112
Advisory Services Network
Georgia
– -$563 -250 Closed
VCM
113
Versant Capital Management
Arizona
– -$380 -169 Closed
Carson Wealth (CWM LLC)
114
Carson Wealth (CWM LLC)
Nebraska
– +$16 +8 New
1 2 3 4
5

TDUP Hedge Fund Activity: Q1 2024 in Review

100 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in ThredUp (TDUP) for Q1 2024, worth a combined $125M — down 11% from $141M a quarter earlier.

Sellers outnumbered buyers: 15 funds closed out of TDUP and 9 opened new positions — a net loss of 6 holders — while 43 trimmed existing stakes and 31 added.

The largest buyer was Needham Investment Management, adding an estimated $6.11M. The largest seller was Thrivent Financial for Lutherans, cutting an estimated $1.35M.

  • 100 institutional investors held ThredUp (TDUP) as of Q1 2024, down from 106 in Q4 2023.
  • Funds reported $125M of ThredUp stock for Q1 2024, down 11% quarter-over-quarter.
  • 9 funds opened new ThredUp positions in Q1 2024 and 15 closed out, a net change of -6 holders.
  • The largest ThredUp buyer in Q1 2024 was Needham Investment Management, an estimated $6.11M added.
  • The largest ThredUp seller in Q1 2024 was Thrivent Financial for Lutherans, an estimated $1.35M sold.

Based on aggregated 13F filings for Q1 2024.