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176 hedge funds and large institutions have $845M invested in ThredUp in 2025 Q3 according to their latest regulatory filings, with 51 funds opening new positions, 65 increasing their positions, 44 reducing their positions, and 34 closing their positions.

New
Increased
Maintained
Reduced
Closed

407% more call options, than puts

Call options by funds: $10.4M | Put options by funds: $2.06M

51% more capital invested

Capital invested by funds: $560M → $845M (+$285M)

50% more first-time investments, than exits

New positions opened: 51 | Existing positions closed: 34

48% more repeat investments, than reductions

Existing positions increased: 65 | Existing positions reduced: 44

9.95% more ownership

Funds ownership: 77.58% → 87.52% (+9.9%)

9% more funds holding

Funds holding: 161 → 176 (+15)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
176
Holders Change
+15
Holders Change %
+9.32%
% of All Funds
2.31%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
51
Increased
65
Reduced
44
Closed
34
Calls
$10.4M
Puts
$2.06M
Net Calls
+$8.39M
Net Calls Change
-$813K

Top Buyers

Rank Fund Capital Flow
1
Prudential Financial
Prudential Financial
New Jersey
+$17.8M
2
Goldman Sachs
Goldman Sachs
New York
+$15.5M
3
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$14.1M
4
GGHC
Gilder Gagnon Howe & Co
New York
+$11.5M
5
DCM
Driehaus Capital Management
Illinois
+$10.7M

Top Sellers

Rank Fund Capital Flow
1
William Blair & Company
William Blair & Company
Illinois
-$11.5M
2
Citadel Advisors
Citadel Advisors
Florida
-$7.43M
3
Fidelity International
Fidelity International
Bermuda
-$5.06M
4
Walleye Capital
Walleye Capital
New York
-$4.88M
5
Morgan Stanley
Morgan Stanley
New York
-$3.54M
Name Holding Trade Value Shares
Change 		Change in
Stake
EWA
151
EverSource Wealth Advisors
Alabama
$6.79K -$23.3K -2,459 -77%
PNC Financial Services Group
152
PNC Financial Services Group
Pennsylvania
$5.35K – – –
NA
153
NewEdge Advisors
Louisiana
$5.29K +$5.3K +560 New
GIA
154
GHP Investment Advisors
Colorado
$4.66K +$4.67K +493 New
WA
155
WPG Advisers
Maryland
$4.41K +$4.42K +467 New
Optiver Holding
156
Optiver Holding
Netherlands
$4.27K +$4.28K +452 New
TCM
157
Tradewinds Capital Management
Washington
$4.25K +$4.26K +450 New
Jones Financial Companies
158
Jones Financial Companies
Missouri
$3.68K +$3.79K +400 New
EP
159
Essential Partners
California
$3.64K +$1.77K +187 +94%
ASN
160
Advisory Services Network
Georgia
$2.53K +$2.54K +268 New
SCM
161
Sterling Capital Management
North Carolina
$2.12K +$38 +4 +2%
RIL
162
Rothschild Investment LLC
Illinois
$1.04K +$1.04K +110 New
PGAM
163
Princeton Global Asset Management
New Jersey
$945 – – –
PA
164
Parallel Advisors
California
$624 +$189 +20 +43%
AF
165
Allworth Financial
California
$492 +$492 +52 New
LFG
166
Larson Financial Group
Missouri
$491 +$492 +52 New
TWC
167
TD Waterhouse Canada
Ontario, Canada
$313 – – –
SS
168
Sunbelt Securities
Texas
$312 +$312 +33 New
FC
169
Financial Consulate
Maryland
$284 +$284 +30 New
TWD
170
True Wealth Design
Ohio
$275 – – –
FFA
171
Farther Finance Advisors
California
$189 +$189 +20 New
WANY
172
Wealthspire Advisors (New York)
New York
$142 +$142 +15 New
IA
173
IFP Advisors
Florida
$123 +$85 +9 +225%
Comerica Bank
174
Comerica Bank
Texas
$57 -$9.41K -994 -99%
SS
175
SBI Securities
Japan
$47 -$398 -42 -89%
5 6
7
8 9

TDUP Hedge Fund Activity: Q3 2025 in Review

176 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in ThredUp (TDUP) for Q3 2025, worth a combined $845M — up 51% from $560M a quarter earlier.

Buyers outnumbered sellers: 51 funds opened new TDUP positions and 34 closed out — a net gain of 17 holders — while 65 added to existing stakes and 44 trimmed.

The largest buyer was Prudential Financial, adding an estimated $17.8M. The largest seller was William Blair & Company, cutting an estimated $11.5M.

  • 176 institutional investors held ThredUp (TDUP) as of Q3 2025, up from 161 in Q2 2025.
  • Funds reported $845M of ThredUp stock for Q3 2025, up 51% quarter-over-quarter.
  • 51 funds opened new ThredUp positions in Q3 2025 and 34 closed out, a net change of +17 holders.
  • The largest ThredUp buyer in Q3 2025 was Prudential Financial, an estimated $17.8M added.
  • The largest ThredUp seller in Q3 2025 was William Blair & Company, an estimated $11.5M sold.

Based on aggregated 13F filings for Q3 2025.