ThredUp
TDUP
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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Prudential Financial
Newark,
New Jersey
|
+$17.8M |
| 2 |
Goldman Sachs
New York
|
+$15.5M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$14.1M |
| 4 |
GGHC
Gilder Gagnon Howe & Co
New York
|
+$11.5M |
| 5 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
+$10.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
William Blair & Company
Chicago,
Illinois
|
-$11.5M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$7.43M |
| 3 |
Fidelity International
Hamilton,
Bermuda
|
-$5.06M |
| 4 |
Walleye Capital
New York
|
-$4.88M |
| 5 |
Morgan Stanley
New York
|
-$3.54M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ACM
201
Aster Capital Management
Dubai,
United Arab Emirates
| – | -$25K | -3,341 | Closed |
|
202
CIBC Private Wealth Group
Atlanta,
Georgia
| – | -$10.5K | -1,400 | Closed |
|
|
SHIM
203
Stone House Investment Management
Tunkhannock,
Pennsylvania
| – | -$8.24K | -1,100 | Closed |
|
|
CA
204
CoreCap Advisors
Southfield,
Michigan
| – | -$7.49K | -1,000 | Closed |
|
|
HT
205
Headlands Technologies
Chicago,
Illinois
| – | -$3.82K | -510 | Closed |
|
206
National Bank of Canada
Montreal,
Quebec, Canada
| – | -$3.6K | -481 | Closed |
|
|
WA
207
Whipplewood Advisors
Littleton,
Colorado
| – | -$682 | -91 | Closed |
|
|
LWMI
208
Legacy Wealth Management (Idaho)
Boise,
Idaho
| – | -$450 | -60 | Closed |
|
|
AP
209
Aspect Partners
Fairfax,
Virginia
| – | -$375 | -50 | Closed |
|
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.