TheRealReal, Inc.

REAL

Exchange: Nasdaq
Industry: Retail-Miscellaneous Retail
SEC CIK: 0001573221

SEC filings (opens in a new tab)

In the last 90 days, TheRealReal, Inc. insiders filed 0 open-market purchases and 5 sales; 252 institutions reported holding it in 13F filings for Q2 2026, worth $1.33B in total; no superinvestor holds it.

Q3 2025 vs. Q2 2025

How the institutions holding TheRealReal, Inc. changed between Q2 2025 and Q3 2025.

All holders in Q3 2025 All holders in Q2 2025

13F holders of REAL: Q2 2025 compared with Q3 2025
Measure	Q2 2025	Of which not filed for Q3 2025	Q3 2025	Change
Holders	203	1	223	+21
Shares	94.8M	11.7K	102.6M	+7.77M (+8.2%)
Value	$454.4M	$56.2K	$1.09B	+$636.1M (+140.0%)

1 institution that held it in Q2 2025 haven't filed for Q3 2025 yet. Not filing isn't selling, so the changes leave them out.

New holders (53)

Institutions that held TheRealReal, Inc. at the end of Q3 2025 but not at the end of Q2 2025.

Institutions new to REAL in Q3 2025
Institution	Shares	Value	% of portfolio
Penn Capital Management Co Inc	1,182,868	$12.6M	0.97%
BIT Capital GmbH	1,026,484	$10.9M	0.50%
Masters Capital Management LLC	1,000,000	$10.6M	1.71%
Interval Partners, LP	424,440	$4.51M	0.10%
RBF Capital, LLC	400,000	$4.25M	0.20%
Atika Capital Management LLC	374,000	$3.98M	0.34%
Quantbot Technologies LP	217,240	$2.31M	0.06%
Schonfeld Strategic Advisors LLC	208,069	$2.21M	0.02%
Federated Hermes, Inc.	204,751	$2.18M	0.00%
Aquatic Capital Management LLC	196,159	$2.09M	0.04%
ExodusPoint Capital Management, LP	189,311	$2.01M	0.03%
Jain Global LLC	136,260	$1.45M	0.02%
Algert Global LLC	135,540	$1.44M	0.02%
Boothbay Fund Management, LLC	82,955	$881.8K	0.02%
Voleon Capital Management LP	79,995	$850.3K	0.02%
Nomura Holdings Inc	72,329	$768.9K	0.00%
Polen Capital Management LLC	72,088	$766.3K	0.00%
Limestone Investment Advisors LP	69,980	$743.9K	0.33%
Aigen Investment Management, LP	67,448	$717.0K	0.11%
Susquehanna Portfolio Strategies, LLC	61,009	$648.5K	0.01%
SEI Investments Co	58,230	$619.0K	0.00%
Headlands Technologies LLC	56,022	$595.5K	0.05%
Occudo Quantitative Strategies LP	51,342	$545.8K	0.07%
Omers Administration Corp	46,500	$494.3K	0.00%
SG Americas Securities, LLC	45,204	$481.0K	0.00%
Park Avenue Securities LLC	41,882	$445.0K	0.00%
Axq Capital, LP	40,736	$433.0K	0.17%
Bayesian Capital Management, LP	37,600	$399.7K	0.08%
Rockefeller Capital Management L.P.	26,070	$277.1K	0.00%
Natixis	24,324	$258.6K	0.00%
Semanteon Capital Management, LP	22,992	$244.4K	0.31%
State of Wisconsin Investment Board	14,682	$156.1K	0.00%
R Squared Ltd	13,319	$141.6K	0.06%
Walleye Capital LLC	12,985	$138.0K	0.00%
Numerai GP LLC	12,102	$128.6K	0.02%
Harel Insurance Investments & Financial Services Ltd.	12,000	$127.0K	0.00%
Holocene Advisors, LP	11,779	$125.2K	0.00%
Great Lakes Advisors, LLC	11,378	$120.9K	0.00%
CIBC Bancorp USA Inc.	10,157	$108.0K	0.00%
EHP Funds Inc.	10,060	$106.9K	0.14%
Canada Pension Plan Investment Board	7,500	$79.7K	0.00%
State of Alaska, Department of Revenue	5,612	$59.0K	0.00%
Larson Financial Group LLC	2,914	$31.0K	0.00%
Quarry LP	2,612	$27.8K	0.01%
Wexford Capital LP	1,442	$15.3K	0.00%
Wiser Advisor Group LLC	800	$8.50K	0.01%
Jefferies Financial Group Inc.	669	$7.11K	0.00%
SRS Capital Advisors, Inc.	485	$5.16K	0.00%
Accent Capital Management, LLC	460	$4.89K	0.00%
Massmutual Trust Co FSB	195	$2.07K	0.00%
MAI Capital Management	100	$1.06K	0.00%
Financial Consulate, Inc	35	$373	0.00%
Advisory Services Network, LLC	17	$181	0.00%

Sold out (32)

Institutions that held TheRealReal, Inc. at the end of Q2 2025 and filed for Q3 2025 without it.

Institutions that sold out of REAL in Q3 2025
Institution	Shares, Q2 2025	Value, Q2 2025
Think Investments LP	897,547	$4.30M
Healthcare of Ontario Pension Plan Trust Fund	630,900	$3.02M
Roubaix Capital, LLC	595,449	$2.85M
Balyasny Asset Management LLC	572,052	$2.74M
Anthracite Investment Company, Inc.	417,706	$2.00M
Group One Trading, L.P.	157,285	$753.4K
Dark Forest Capital Management LP	136,799	$655.3K
Stifel Financial Corp	111,988	$536.4K
Bridgeway Capital Management, LLC	82,000	$392.8K
Pathstone Holdings, LLC	42,984	$205.9K
Atom Investors LP	41,290	$197.8K
Petrus Trust Company, LTA	36,333	$174.0K
Wolverine Trading, LLC	27,654	$135.2K
LPL Financial LLC	27,342	$131.0K
Advent Capital Management	25,000	$119.8K
Ieq Capital, LLC	24,827	$118.9K
Alberta Investment Management Corp	24,000	$115.0K
Kapitalo Investimentos Ltda	21,181	$101.5K
O'Shaughnessy Asset Management, LLC	16,278	$78.0K
American Asset Management Inc.	15,000	$71.8K
Prelude Capital Management, LLC	13,552	$64.9K
Graham Capital Management, L.P.	13,092	$62.7K
Fox Run Management, L.L.C.	12,772	$61.2K
Cetera Investment Advisers	12,270	$58.8K
Sherbrooke Park Advisers LLC	11,200	$53.6K
Calamos Advisors LLC	10,725	$51.4K
Shaolin Capital Management LLC	10,556	$50.6K
Palisade Capital Management LLC	10,000	$47.9K
Keystone Financial Group	10,000	$47.9K
Westend Capital Management, LLC	3,645	$17.5K
Apollo Management Holdings, L.P.	2,894	$13.9K
Northwestern Mutual Wealth Management Co	500	$2.40K

Not filed for Q3 2025 yet (1)

Institutions that held TheRealReal, Inc. at the end of Q2 2025 and haven't filed a 13F for Q3 2025. Not filing isn't selling, so they aren't counted as sold out.

Institutions holding REAL in Q2 2025 that haven't filed for Q3 2025
Institution	Shares, Q2 2025	Value, Q2 2025
CIBC World Markets Corp	11,740	$56.2K