ThredUp
TDUP
188 hedge funds and large institutions have $605M invested in ThredUp in 2025 Q4 according to their latest regulatory filings, with 37 funds opening new positions, 78 increasing their positions, 48 reducing their positions, and 22 closing their positions.
301% more call options, than puts
Call options by funds: $5.2M | Put options by funds: $1.3M
68% more first-time investments, than exits
New positions opened: 37 | Existing positions closed: 22
63% more repeat investments, than reductions
Existing positions increased: 78 | Existing positions reduced: 48
7% more funds holding
Funds holding: 176 → 188 (+12)
3.3% more ownership
Funds ownership: 87.52% → 90.82% (+3.3%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
28% less capital invested
Capital invested by funds: $845M → $605M (-$240M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WCM
Woodson Capital Management
Greenwich,
Connecticut
|
+$14.6M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$8.19M |
| 3 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$7.4M |
| 4 |
GGHC
Gilder Gagnon Howe & Co
New York
|
+$6.25M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$4.98M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Prudential Financial
Newark,
New Jersey
|
-$22.3M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$8.48M |
| 3 |
Millennium Management
New York
|
-$6.55M |
| 4 |
Morgan Stanley
New York
|
-$5.88M |
| 5 |
EI
EAM Investors
Solana Beach,
California
|
-$4.06M |
TDUP Hedge Fund Activity: Q4 2025 in Review
188 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in ThredUp (TDUP) for Q4 2025, worth a combined $605M — down 28% from $845M a quarter earlier.
Buyers outnumbered sellers: 37 funds opened new TDUP positions and 22 closed out — a net gain of 15 holders — while 78 added to existing stakes and 48 trimmed.
The largest buyer was Woodson Capital Management, opening a new position worth an estimated $14.6M. The largest seller was Prudential Financial, cutting an estimated $22.3M.
- 188 institutional investors held ThredUp (TDUP) as of Q4 2025, up from 176 in Q3 2025.
- Funds reported $605M of ThredUp stock for Q4 2025, down 28% quarter-over-quarter.
- 37 funds opened new ThredUp positions in Q4 2025 and 22 closed out, a net change of +15 holders.
- The largest ThredUp buyer in Q4 2025 was Woodson Capital Management, an estimated $14.6M added.
- The largest ThredUp seller in Q4 2025 was Prudential Financial, an estimated $22.3M sold.
Based on aggregated 13F filings for Q4 2025.