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REAL in the 13F filings

The Realreal Inc · CUSIP 88339P101

Sector · Consumer discretionary
Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023
Quarter end
31 Dec 2025
the date the book describes
Filed
27 Oct 2026
latest of these filings; the earliest 10 Feb 2026
Managers listing it
32
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 5 listed it in both
Shares listed
37,655,613
combined, among listed positions
Reported value
$594m
combined, at the quarter end

Among the 92 comparable managers: 23 buyers (opened or added shares) and 11 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +14,962,682.

Managers listing REAL in Q4 2025

Share of 13F value is the position’s reported value over everything the manager reported that quarter. The share change is against Q3 2025, and only where both filings list the position. A rise in value with no rise in shares is the price, not buying.

32 of 32 holders

ActionFiling
Fidelity (FMR LLC)12,458,244$197munder 0.1%Added+11,986,89917 Feb 2026 (the filing on sec.gov)
D. E. Shaw & Co.4,490,789$71munder 0.1%Added+299,88517 Feb 2026 (the filing on sec.gov)
Two Sigma Investments LP2,718,631$43m0.06%Added+89,86117 Feb 2026 (the filing on sec.gov)
Arrowstreet Capital LP2,559,103$40munder 0.1%Newnew13 Feb 2026 (the filing on sec.gov)
Two Sigma Advisers LP2,448,800$39m0.08%Added+44,30017 Feb 2026 (the filing on sec.gov)
Marshall Wace LLP2,213,546$35munder 0.1%Trimmed-1,553,27913 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC1,770,420$28munder 0.1%Trimmed-150,94417 Feb 2026 (the filing on sec.gov)
Squarepoint Ops LLC1,403,558$22munder 0.1%Trimmed-199,10113 Feb 2026 (the filing on sec.gov)
Millennium Management LLC1,035,611$16munder 0.1%Added+510,15017 Feb 2026 (the filing on sec.gov)
Voloridge Investment Management LLC920,182$15m0.05%Added+153,79817 Feb 2026 (the filing on sec.gov)
Walleye Capital LLC833,014$13munder 0.1%Added+820,02913 Feb 2026 (the filing on sec.gov)
Renaissance Technologies LLC755,500$12munder 0.1%Added+450,00012 Feb 2026 (the filing on sec.gov)
Tudor Investment Corp753,856$12munder 0.1%Added+63,85817 Feb 2026 (the filing on sec.gov)
Point72 Asset Management LP584,980$9.2munder 0.1%Added+427,44317 Feb 2026 (the filing on sec.gov)
Hudson Bay Capital Management LP539,300$8.5munder 0.1%Newnew13 Feb 2026 (the filing on sec.gov)
Jane Street Group LLC449,131$7.1munder 0.1%Added+389,65212 Feb 2026 (the filing on sec.gov)
Invesco Ltd286,851$4.5munder 0.1%Added+107,64019 Feb 2026 (the filing on sec.gov)
Verition Fund Management LLC231,102$3.6munder 0.1%Added+10,85913 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC183,255$2.9munder 0.1%Added+43,31317 Feb 2026 (the filing on sec.gov)
Polen Capital Management LLC175,088$2.8munder 0.1%Added+103,00012 Feb 2026 (the filing on sec.gov)
PDT Partners LLC133,473$2.1m0.14%Added+17,10017 Feb 2026 (the filing on sec.gov)
Caxton Associates LLP118,417$1.9munder 0.1%Newnew13 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc107,975$1.7munder 0.1%Added+2,30817 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP101,171$1.6munder 0.1%Added+11417 Feb 2026 (the filing on sec.gov)
Brevan Howard Capital Management LP93,461$1.5munder 0.1%Added+44,86017 Feb 2026 (the filing on sec.gov)
Page 1 of 2

Largest increases and reductions, by shares

Q3 2025 to Q4 2025, among managers that listed it in both quarters or opened it.

Increases

Reductions

New positions and exits

At least these many: a manager is shown exiting only where its own filing shows the position gone.

New (4)

Exited (3)

Ownership over time

Every quarter on file. A quarter-end value moves with the price as well as with the shares held; buyers and sellers count comparable managers, by shares.
1 in Q3 2024 to 2 in Q2 2026

Tracked managers listing it, at least.

0358102020202120222023202420252026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
REAL by quarter
QuarterHoldersReported valueBuyersSellers
Q2 20198$36mn.a.n.a.
Q3 20194$68mn.a.n.a.
Q4 20192$7.7mn.a.n.a.
Q1 20202$4.1mn.a.n.a.
Q2 20202$6.0mn.a.n.a.
Q3 20203$10mn.a.n.a.
Q4 20207$143mn.a.n.a.
Q1 20216$171mn.a.n.a.
Q2 20214$35mn.a.n.a.
Q3 20214$18mn.a.n.a.
Q4 20215$37mn.a.n.a.
Q1 20223$38mn.a.n.a.
Q2 20222$3.6mn.a.n.a.
Q3 20221$1.7mn.a.n.a.
Q4 20221$1.4mn.a.n.a.
Q1 20231$862kn.a.n.a.
Q2 20231$3.3mn.a.n.a.
Q3 20231$1.6mn.a.n.a.
Q4 20231$1.3m01
Q1 20242$6.0m20
Q2 20241$3.2m01
Q3 20241$1.6m01
Q4 20244$101m32
Q1 20252$35m20
Q2 20254$30m40
Q3 20256$80m42
Q4 20259$159m2311
Q1 20262$3.2m1713
Q2 20262$7.4m1021

Compare with…

Holders over time, buyers and sellers, and the managers holding both, side by side for up to four stocks.

REAL and AMZN →REAL and TSLA →REAL and HD →Choose a stock to compare with REAL →

How much of the picture this is

A 13F is a manager’s long US-listed equity book at a quarter end, filed up to 45 days later. It shows no shorts, cash, bonds or performance, and it is never today’s portfolio. Large books are listed to their largest positions, so a manager missing from this table may still hold a small position below that line. These are 95 tracked managers, not the institutional market.

Which funds own REAL, latest filings →Back to the 13F Explorer →