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TheRealReal, Inc.

REAL
Exchange
Nasdaq
Industry
Retail-Miscellaneous Retail
SEC CIK
0001573221

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.

13F holders, Q4 2025

Institutional positions in TheRealReal, Inc. as of Dec 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
236
+18 vs. Q3 2025
Shares held
116.3M
+14.5M (+14.2%) vs. Q3 2025
Total value
$1.83B
+$752.6M (+69.6%) vs. Q3 2025
New holders
45
88 more added
Sold out
27
82 more reduced

5 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q3 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting REAL on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ4 2025: 236 institutions
Q1 2021: 183 institutionsQ2 2021: 179 institutionsQ3 2021: 170 institutionsQ4 2021: 188 institutionsQ1 2022: 184 institutionsQ2 2022: 190 institutionsQ3 2022: 164 institutionsQ4 2022: 141 institutionsQ1 2023: 143 institutionsQ2 2023: 135 institutionsQ3 2023: 140 institutionsQ4 2023: 137 institutionsQ1 2024: 154 institutionsQ2 2024: 154 institutionsQ3 2024: 156 institutionsQ4 2024: 191 institutionsQ1 2025: 210 institutionsQ2 2025: 203 institutionsQ3 2025: 223 institutionsQ4 2025: 236 institutionsQ1 2026: 248 institutionsQ2 2026: 252 institutions
Value heldQ4 2025: $1.83B
Q1 2021: $1.93BQ2 2021: $1.79BQ3 2021: $1.11BQ4 2021: $944.9MQ1 2022: $595.0MQ2 2022: $201.9MQ3 2022: $97.7MQ4 2022: $73.0MQ1 2023: $67.3MQ2 2023: $100.6MQ3 2023: $96.5MQ4 2023: $109.7MQ1 2024: $244.7MQ2 2024: $222.8MQ3 2024: $229.3MQ4 2024: $843.1MQ1 2025: $491.7MQ2 2025: $454.4MQ3 2025: $1.09BQ4 2025: $1.83BQ1 2026: $1.05BQ2 2026: $1.33B
Institutions holding REAL and their total value by quarter
QuarterHoldersValue
Q2 2026252$1.33B
Q1 2026248$1.05B
Q4 2025236$1.83B
Q3 2025223$1.09B
Q2 2025203$454.4M
Q1 2025210$491.7M
Q4 2024191$843.1M
Q3 2024156$229.3M
Q2 2024154$222.8M
Q1 2024154$244.7M
Q4 2023137$109.7M
Q3 2023140$96.5M
Q2 2023135$100.6M
Q1 2023143$67.3M
Q4 2022141$73.0M
Q3 2022164$97.7M
Q2 2022190$201.9M
Q1 2022184$595.0M
Q4 2021188$944.9M
Q3 2021170$1.11B
Q2 2021179$1.79B
Q1 2021183$1.93B

Institutions, Q4 2025

Shares, value and share of portfolio for each institution holding TheRealReal, Inc.; share changes are against Q3 2025.

Institutions holding REAL in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Versor Investments LP30,700$484.4K0.08%−32,200−51.2%Reduced
Lotus Technology Management, LP31,846$502.5K0.28%+31,846New
Teacher Retirement System of Texas31,853$502.6K0.00%−6,092−16.1%Reduced
Diversified Trust Co32,509$513.0K0.01%+3,874+13.5%Added
Janus Henderson Group PLC35,100$553.2K0.00%00.0%Unchanged
PharVision Advisers, LLC35,668$562.8K0.28%+35,668New
Centiva Capital, LP36,121$570.0K0.03%+36,121New
Entropy Technologies, LP38,841$612.9K0.03%−47,244−54.9%Reduced
Amundi39,090$616.8K0.00%+5,046+14.8%Added
Intech Investment Management LLC39,134$617.5K0.01%+12,821+48.7%Added
Calamos Advisors LLC39,299$620.1K0.00%+39,299New
Capital Financial Group Inc39,363$621.1K0.35%+39,363New
State of Wyoming41,910$661.3K0.07%+21,881+109.2%Added
Neuberger Berman Group LLC42,068$663.8K0.00%−25,906−38.1%Reduced
Evoke Wealth, LLC43,853$692.0K0.01%+1,240+2.9%Added
Royal Bank of Canada44,367$700.0K0.00%+1,694+4.0%Added
Park Avenue Securities LLC45,282$715.0K0.01%+3,400+8.1%Added
Virginia Retirement Systems Et Al46,500$733.8K0.00%−4,300−8.5%Reduced
Mirae Asset Global ETFs Holdings Ltd.46,685$736.7K0.00%+2,732+6.2%Added
Lighthouse Investment Partners, LLC46,955$741.0K0.02%+46,955New
Schonfeld Strategic Advisors LLC47,154$744.1K0.00%−160,915−77.3%Reduced
Boothbay Fund Management, LLC49,556$782.0K0.02%−33,399−40.3%Reduced
Fortis Group Advisors, LLC54,605$801.1K0.13%+54,605New
Zurcher Kantonalbank (Zurich Cantonalbank)53,143$838.6K0.00%−37,109−41.1%Reduced
O'Neil Global Advisors, Inc.54,361$857.8K0.30%+54,361New
MetLife Investment Management56,630$893.6K0.00%+1,915+3.5%Added
Numerai GP LLC56,947$898.6K0.11%+44,845+370.6%Added
Simplex Trading, LLC59,738$942.7K0.03%+16,253+37.4%Added
Susquehanna Portfolio Strategies, LLC61,009$962.7K0.01%00.0%Unchanged
Man Group plc62,893$992.5K0.00%−55,157−46.7%Reduced
Quantbot Technologies LP67,959$1.07M0.04%−149,281−68.7%Reduced
Alpine Global Management, LLC72,421$1.14M0.25%+72,421New
Norges Bank79,508$1.25M0.00%+79,508New
Franklin Resources Inc79,832$1.26M0.00%+4,308+5.7%Added
Cookson Peirce & Co Inc81,242$1.28M0.05%+81,242New
Legal & General Group Plc85,414$1.35M0.00%−4,460−5.0%Reduced
California State Teachers Retirement System91,816$1.45M0.00%+230+0.3%Added
Brevan Howard Capital Management LP93,461$1.47M0.03%+44,860+92.3%Added
Zazove Associates LLC95,000$1.50M0.13%−45,000−32.1%Reduced
Cambridge Investment Research Advisors, Inc.95,632$1.51M0.00%+720+0.8%Added
Gotham Asset Management, LLC95,700$1.51M0.01%+95,700New
Algert Global LLC97,910$1.55M0.02%−37,630−27.8%Reduced
Alliancebernstein L.P.101,171$1.60M0.00%+114+0.1%Added
Gsa Capital Partners LLP106,343$1.68M0.14%−73,249−40.8%Reduced
Canada Pension Plan Investment Board106,500$1.68M0.00%+99,000+1,320.0%Added
Price T Rowe Associates Inc107,975$1.70M0.00%+2,308+2.2%Added
Citigroup Inc110,508$1.74M0.00%−3,055−2.7%Reduced
Voleon Capital Management LP116,696$1.84M0.04%+36,701+45.9%Added
Headlands Technologies LLC116,850$1.84M0.15%+60,828+108.6%Added
Caxton Associates LLP118,417$1.87M0.04%+118,417New
Rhumbline Advisers122,358$1.93M0.00%−13,567−10.0%Reduced
Mackenzie Financial Corp124,008$1.99M0.00%−63,057−33.7%Reduced
Maven Securities LTD126,524$2.00M0.25%+126,524New
Deutsche Bank AG130,922$2.07M0.00%−692,640−84.1%Reduced
PDT Partners, LLC133,473$2.11M0.14%+17,100+14.7%Added
Quantum Private Wealth, LLC134,006$2.11M0.62%−5,000−3.6%Reduced
Independent Financial Group, LLC141,737$2.24M0.05%−35,227−19.9%Reduced
Jain Global LLC146,139$2.31M0.02%+9,879+7.3%Added
Advisor Group Holdings, Inc.152,295$2.40M0.00%+65,250+75.0%Added
SEI Investments Co161,725$2.55M0.00%+103,495+177.7%Added
Polen Capital Management LLC175,088$2.76M0.01%+103,000+142.9%Added
AQR Capital Management LLC183,255$2.89M0.00%+43,313+31.0%Added
HRT Financial LP183,995$2.90M0.01%−189,249−50.7%Reduced
Swiss National Bank193,100$3.05M0.00%+6,800+3.7%Added
Universal- Beteiligungs- und Servicegesellschaft mbH202,039$3.19M0.01%+202,039New
Healthcare of Ontario Pension Plan Trust Fund229,749$3.63M0.01%+229,749New
Verition Fund Management LLC231,102$3.65M0.02%+10,859+4.9%Added
Russell Investments Group, Ltd.235,239$3.71M0.00%+128,612+120.6%Added
Barclays PLC240,371$3.79M0.00%−92,571−27.8%Reduced
Wells Fargo & Company256,897$4.05M0.00%+29,343+12.9%Added
UBS Asset Management Americas Inc272,504$4.30M0.00%+18,780+7.4%Added
Invesco Ltd.286,851$4.53M0.00%+107,640+60.1%Added
MYDA Advisors LLC330,000$5.21M1.47%+95,000+40.4%Added
Raymond James Financial Inc330,056$5.21M0.00%+46,799+16.5%Added
RBF Capital, LLC336,889$5.32M0.24%−63,111−15.8%Reduced
Bank of New York Mellon Corp338,982$5.35M0.00%−7,455−2.2%Reduced
Comerica Bank350,023$5.52M0.02%−1,133−0.3%Reduced
SG Americas Securities, LLC371,066$5.86M0.01%+325,862+720.9%Added
Engineers Gate Manager LP374,390$5.91M0.07%−9,291−2.4%Reduced
Capricorn Fund Managers Ltd392,897$6.20M1.49%−796,593−67.0%Reduced
Panagora Asset Management Inc398,904$6.29M0.02%−52,249−11.6%Reduced
EAM Investors, LLC399,091$6.30M0.70%+399,091New
Night Squared LP403,325$6.36M1.79%+403,325New
Allspring Global Investments Holdings, LLC425,624$6.72M0.01%−494,741−53.8%Reduced
Jane Street Group, LLC449,131$7.09M0.01%+389,652+655.1%Added
Federated Hermes, Inc.452,146$7.13M0.01%+247,395+120.8%Added
Interval Partners, LP482,976$7.62M0.18%+58,536+13.8%Added
Archon Capital Management LLC483,906$7.64M4.34%−287,700−37.3%Reduced
JPMorgan Chase & Co533,281$8.42M0.00%−730,320−57.8%Reduced
Hudson Bay Capital Management LP539,300$8.51M0.05%+539,300New
Atika Capital Management LLC565,000$8.92M1.24%+191,000+51.1%Added
Point72 Asset Management, L.P.584,980$9.23M0.01%+427,443+271.3%Added
Landscape Capital Management, L.L.C.609,792$9.62M0.65%−560,320−47.9%Reduced
Trexquant Investment LP634,522$10.0M0.09%+209,802+49.4%Added
Jump Financial, LLC697,654$11.0M0.14%−770,346−52.5%Reduced
Tudor Investment Corp Et Al753,856$11.9M0.07%+63,858+9.3%Added
Renaissance Technologies LLC755,500$11.9M0.02%+450,000+147.3%Added
Royce & Associates LP757,200$11.9M0.12%−49,106−6.1%Reduced
Connor, Clark & Lunn Investment Management Ltd.785,810$12.4M0.03%−199,807−20.3%Reduced
Northern Trust Corp797,446$12.6M0.00%−14,848−1.8%Reduced