Who owns The RealReal (REAL)
Which tracked institutional funds hold REAL, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See REAL company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-09-22). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
99 tracked funds added or opened REAL while 44 trimmed or exited it between 2026-Q1 and 2026-Q2 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
REAL’s largest tracked holder by dollar value, BlackRock, Inc., sizes it at 0.0% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.0pp gap the other way — the median holder sizes REAL more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in REAL divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2026-Q1 and 2026-Q2, across 244 tracked filers holding REAL, 154 increased or opened the position and 118 reduced or closed it; over the same quarter, open-market insider Form 4s were net sales.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in REAL between the 2026-Q1 and 2026-Q2 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 16
- BALYASNY ASSET MANAGEMENT L.P.$14M
- LANDSCAPE CAPITAL MANAGEMENT, L.L.C.$8M
- Portolan Capital Management, LLC$6M
- ESSEX INVESTMENT MANAGEMENT CO LLC$3M
- Blueshift Asset Management, LLC$2M
- Fund 1 Investments, LLC$2M
Full exits 17
- HRT FINANCIAL LP$5M
- Hudson Bay Capital Management LP$5M
- Trexquant Investment LP$3M
- G2 Investment Partners Management LLC$3M
- VOLORIDGE INVESTMENT MANAGEMENT, LLC$3M
- Connor, Clark & Lunn Investment Management Ltd.$3M
Largest adds
- Divisadero Street Capital Management, LP$69M
- BlackRock, Inc.$52M
- D. E. Shaw & Co., Inc.$18M
- AMERICAN CENTURY COMPANIES INC$17M
- Woodson Capital Management, LP$15M
- VANGUARD CAPITAL MANAGEMENT LLC$14M
Largest trims
- FMR LLC$29M
- JANE STREET GROUP, LLC$18M
- Qube Research & Technologies Ltd$13M
- BNP PARIBAS FINANCIAL MARKETS$10M
- RENAISSANCE TECHNOLOGIES LLC$9M
- Point72 Asset Management, L.P.$8M
Institutional holders
One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| BlackRock, Inc. added | 11,408,817 | $135M | 10.4% | 2026-Q2 |
| Divisadero Street Capital Management, LP added | 9,198,248 | $108M | 8.4% | 2026-Q2 |
| FMR LLC trimmed | 5,045,191 | $59M | 4.6% | 2026-Q2 |
| D. E. Shaw & Co., Inc. added | 4,881,501 | $58M | 4.5% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC added | 4,713,711 | $56M | 4.3% | 2026-Q2 |
| TWO SIGMA INVESTMENTS, LP trimmed | 3,996,366 | $47M | 3.7% | 2026-Q2 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP trimmed | 3,936,756 | $46M | 3.6% | 2026-Q2 |
| AMERICAN CENTURY COMPANIES INC added | 3,718,683 | $44M | 3.4% | 2026-Q2 |
| Woodson Capital Management, LP added | 3,300,000 | $39M | 3.0% | 2026-Q2 |
| STATE STREET CORP added | 3,161,327 | $37M | 2.9% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC trimmed | 2,847,301 | $34M | 2.6% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 2,716,327 | $32M | 2.5% | 2026-Q2 |
| Nuveen, LLC added | 2,348,701 | $28M | 2.1% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC added | 2,157,706 | $25M | 2.0% | 2026-Q2 |
| AWM Investment Company, Inc. added | 1,803,647 | $21M | 1.7% | 2026-Q2 |
| CITADEL ADVISORS LLC added | 1,726,164 | $20M | 1.6% | 2026-Q2 |
| UBS Group AG added | 1,602,187 | $19M | 1.5% | 2026-Q2 |
| Kanen Wealth Management LLC added | 1,589,448 | $19M | 1.5% | 2026-Q2 |
| MASTERS CAPITAL MANAGEMENT LLC trimmed | 1,500,000 | $18M | 1.4% | 2026-Q2 |
| Qube Research & Technologies Ltd trimmed | 1,363,859 | $16M | 1.2% | 2026-Q2 |
| Crestwood Capital Management, L.P. trimmed | 1,300,404 | $15M | 1.2% | 2026-Q2 |
| ROYCE & ASSOCIATES LP added | 1,271,708 | $15M | 1.2% | 2026-Q2 |
| VANGUARD PORTFOLIO MANAGEMENT LLC added | 1,245,688 | $15M | 1.1% | 2026-Q2 |
| BALYASNY ASSET MANAGEMENT L.P. added | 1,188,210 | $14M | 1.1% | 2026-Q2 |
| Driehaus Capital Management LLC trimmed | 1,171,568 | $14M | 1.1% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ trimmed | 1,073,326 | $13M | 1.0% | 2026-Q2 |
| GILDER GAGNON HOWE & CO LLC added | 1,014,304 | $12M | 0.9% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 971,419 | $12M | 0.9% | 2026-Q2 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 957,158 | $11M | 0.9% | 2026-Q2 |
| NORTHERN TRUST CORP added | 956,478 | $11M | 0.9% | 2026-Q2 |
| BNP PARIBAS FINANCIAL MARKETS trimmed | 947,893 | $11M | 0.9% | 2026-Q2 |
| Atika Capital Management LLC added | 940,000 | $11M | 0.9% | 2026-Q2 |
| Squarepoint Ops LLC trimmed | 833,630 | $10M | 0.8% | 2026-Q2 |
| KINGDON CAPITAL MANAGEMENT, L.L.C. added | 813,000 | $10M | 0.7% | 2026-Q2 |
| MARSHALL WACE, LLP trimmed | 804,431 | $9M | 0.7% | 2026-Q2 |
| NOMURA HOLDINGS INC added | 759,795 | $9M | 0.7% | 2026-Q2 |
| Point72 Asset Management, L.P. trimmed | 750,960 | $9M | 0.7% | 2026-Q2 |
| TUDOR INVESTMENT CORP ET AL trimmed | 715,733 | $8M | 0.7% | 2026-Q2 |
| BARCLAYS PLC added | 713,631 | $8M | 0.7% | 2026-Q2 |
| VANGUARD FIDUCIARY TRUST CO added | 695,907 | $8M | 0.6% | 2026-Q2 |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. added | 673,173 | $8M | 0.6% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN trimmed | 633,324 | $7M | 0.6% | 2026-Q2 |
| JUPITER ASSET MANAGEMENT LTD trimmed | 607,064 | $7M | 0.6% | 2026-Q2 |
| MORGAN STANLEY trimmed | 594,122 | $7M | 0.5% | 2026-Q2 |
| Interval Partners, LP trimmed | 590,196 | $7M | 0.5% | 2026-Q2 |
| Walleye Capital LLC added | 587,699 | $7M | 0.5% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 581,852 | $7M | 0.5% | 2026-Q2 |
| Capricorn Fund Managers Ltd added | 581,571 | $7M | 0.5% | 2026-Q2 |
| Shay Capital LLC added | 563,162 | $7M | 0.5% | 2026-Q2 |
| POLEN CAPITAL MANAGEMENT LLC added | 496,556 | $6M | 0.5% | 2026-Q2 |
| Hillsdale Investment Management Inc. added | 495,800 | $6M | 0.5% | 2026-Q2 |
| RENAISSANCE TECHNOLOGIES LLC trimmed | 483,900 | $6M | 0.4% | 2026-Q2 |
| Portolan Capital Management, LLC new | 478,194 | $6M | 0.4% | 2026-Q2 |
| FRANKLIN RESOURCES INC added | 459,906 | $5M | 0.4% | 2026-Q2 |
| FEDERATED HERMES, INC. trimmed | 450,752 | $5M | 0.4% | 2026-Q2 |
| JANE STREET GROUP, LLC trimmed | 423,258 | $5M | 0.4% | 2026-Q2 |
| PANAGORA ASSET MANAGEMENT INC added | 407,357 | $5M | 0.4% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 406,014 | $5M | 0.4% | 2026-Q2 |
| FIRST TRUST ADVISORS LP added | 404,193 | $5M | 0.4% | 2026-Q2 |
| Bank of New York Mellon Corp added | 383,708 | $5M | 0.4% | 2026-Q2 |
| MILLENNIUM MANAGEMENT LLC trimmed | 354,514 | $4M | 0.3% | 2026-Q2 |
| MYDA Advisors LLC | 340,000 | $4M | 0.3% | 2026-Q2 |
| Man Group plc added | 328,928 | $4M | 0.3% | 2026-Q2 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed | 298,986 | $4M | 0.3% | 2026-Q2 |
| Allspring Global Investments Holdings, LLC added | 289,651 | $4M | 0.3% | 2026-Q2 |
| RBF Capital, LLC trimmed | 255,000 | $3M | 0.2% | 2026-Q2 |
| FIFTH THIRD BANCORP added | 251,106 | $3M | 0.2% | 2026-Q2 |
| ESSEX INVESTMENT MANAGEMENT CO LLC new | 230,657 | $3M | 0.2% | 2026-Q2 |
| Archon Capital Management LLC trimmed | 229,075 | $3M | 0.2% | 2026-Q2 |
| Swiss National Bank added | 220,800 | $3M | 0.2% | 2026-Q2 |
| STATE OF WISCONSIN INVESTMENT BOARD trimmed | 198,157 | $2M | 0.2% | 2026-Q2 |
| Blueshift Asset Management, LLC trimmed | 195,427 | $2M | 0.2% | 2026-Q2 |
| ZAZOVE ASSOCIATES LLC added | 185,000 | $2M | 0.2% | 2026-Q2 |
| ALGERT GLOBAL LLC added | 175,470 | $2M | 0.2% | 2026-Q2 |
| CITIGROUP INC added | 169,178 | $2M | 0.2% | 2026-Q2 |
| PRICE T ROWE ASSOCIATES INC /MD/ added | 160,659 | $2M | 0.1% | 2026-Q2 |
| MACKENZIE FINANCIAL CORP added | 157,013 | $2M | 0.1% | 2026-Q2 |
| RHUMBLINE ADVISERS added | 145,278 | $2M | 0.1% | 2026-Q2 |
| Fund 1 Investments, LLC new | 142,618 | $2M | 0.1% | 2026-Q2 |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC added | 140,000 | $2M | 0.1% | 2026-Q2 |
| PDT Partners, LLC | 133,473 | $2M | 0.1% | 2026-Q2 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM trimmed | 133,065 | $2M | 0.1% | 2026-Q2 |
| Manatuck Hill Partners, LLC trimmed | 132,769 | $2M | 0.1% | 2026-Q2 |
| Quantum Private Wealth, LLC trimmed | 128,506 | $2M | 0.1% | 2026-Q2 |
| LOS ANGELES CAPITAL MANAGEMENT LLC trimmed | 127,233 | $2M | 0.1% | 2026-Q2 |
| Mariner, LLC added | 123,367 | $1M | 0.1% | 2026-Q2 |
| SEI INVESTMENTS CO added | 122,302 | $1M | 0.1% | 2026-Q2 |
| Verition Fund Management LLC added | 119,995 | $1M | 0.1% | 2026-Q2 |
| BOOTHBAY FUND MANAGEMENT, LLC trimmed | 118,710 | $1M | 0.1% | 2026-Q2 |
| DEUTSCHE BANK AG\ trimmed | 117,620 | $1M | 0.1% | 2026-Q2 |
| Aquatic Capital Management LLC trimmed | 116,548 | $1M | 0.1% | 2026-Q2 |
| Diametric Capital, LP added | 115,561 | $1M | 0.1% | 2026-Q2 |
| ExodusPoint Capital Management, LP trimmed | 109,908 | $1M | 0.1% | 2026-Q2 |
| ANGELES WEALTH MANAGEMENT, LLC new | 109,420 | $1M | 0.1% | 2026-Q2 |
| INDEPENDENT FINANCIAL GROUP, LLC added | 108,550 | $1M | 0.1% | 2026-Q2 |
| IEQ CAPITAL, LLC added | 100,904 | $1M | 0.1% | 2026-Q2 |
| Atom Investors LP added | 100,669 | $1M | 0.1% | 2026-Q2 |
| Jump Financial, LLC trimmed | 99,309 | $1M | 0.1% | 2026-Q2 |
| SIERRA SUMMIT ADVISORS LLC new | 95,316 | $1M | 0.1% | 2026-Q2 |
| Lighthouse Investment Partners, LLC added | 89,588 | $1M | 0.1% | 2026-Q2 |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.