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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NIM
Needham Investment Management
New York
|
+$6.11M |
| 2 |
Fidelity International
Hamilton,
Bermuda
|
+$877K |
| 3 |
BCM
Bares Capital Management
Austin,
Texas
|
+$738K |
| 4 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
+$427K |
| 5 |
William Blair & Company
Chicago,
Illinois
|
+$423K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
-$1.35M |
| 2 |
Millennium Management
New York
|
-$1.2M |
| 3 |
GIM
Granahan Investment Management
Waltham,
Massachusetts
|
-$1.03M |
| 4 |
Goldman Sachs
New York
|
-$1.02M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$790K |
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.