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HomeStocksREALInstitutional Holders

REAL logoThe RealReal, Inc. (REAL) Institutional Ownership

Q2 2026 13F Data|Updated 2026-11-07

✨

Institutional ownership decreased this quarter (-5.37 pp), representing a broadly distributed shareholder base.

Institutional Ownership
Can exceed 100% due to securities lending, short interest, and reporting timing differences.
96.6%$1.4B total value · ▼ 5.37 pp vs prior quarter
Smart Money Score
Based on ownership concentration, fund quality, buying/selling activity, ownership indicators, and institutional trend.
52 / 100Neutral
Institutions & Flow254 holders+6 net flow (+46 / -40)

AI Insights & Key Takeaways

  • Positive Institutional Flow (+6)
  • Marquee funds including Two Sigma Investments, Lp and Citadel Advisors Llc maintain significant positions
  • Top 10 holders control 46.0% of institutional value
  • No Insider Signal

Top Institutional Holders of REAL

Ranked by reported Q2 2026 13F market value

Top 10 Holders
46.0%
Top 25 Holders
69.7%

Share of total reported institutional value in REAL held by the largest 10 / 25 filers.

#InstitutionShares HeldMarket ValueQoQ ChangeOwnership %% of Fund
1BlackRock, Inc.11.4M$134.5M+25.2%9.469%0.00%
2Divisadero Street Capital Management, LP9.2M$108.4M+111.8%7.634%2.46%
3FMR LLC5.0M$59.5M-53.8%4.187%0.00%

Quarterly Institutional Activity

Filings activity in REAL during Q2 2026, grouped by how each filer changed its position.

OverviewNew Buyers46Added To163Trimmed40Exited40
  • Hudson Bay Capital Management LP$4.9M
  • Trexquant Investment LP$3.5M

REAL Institutional Ownership by Quarter

8 quarters of 13F filings · Δ columns show change vs prior quarter

QuarterInst. HoldersΔ HoldersOwnership %Δ OwnershipTotal 13F ValueΔ Value
Q2 2026254+2.0%96.58%5.37 pp$1.37B+25%
Q1 2026249+4.6%101.95%1.41 pp$1.09B41%
Q4 2025238+5.3%103.36%+10.42 pp$1.86B+65%
Q3 2025226+14%92.94%+7.13 pp$1.13B+143%
Q2 20251992.9%85.81%+3.59 pp$465M4.5%
Q1 2025205

REAL — Frequently Asked Questions

Quick answers to the most common questions about buying REAL stock.

What percentage of REAL is owned by institutions?

Based on Q2 2026 13F filings, institutional ownership of The RealReal, Inc. stands at 96.6%, held across 254 reporting institutions.

Who is the largest institutional holder of REAL?

BlackRock, Inc. is the largest reported institutional holder of REAL, with approximately 11,408,817 shares worth $0.13B as of Q2 2026.

Is REAL a hedge fund favorite?

Yes — 3 widely-followed marquee investors appear among the top 25 institutional holders of REAL, including TWO SIGMA INVESTMENTS, LP, CITADEL ADVISORS LLC, SUSQUEHANNA INTERNATIONAL GROUP, LLP.

What is REAL's Smart Money Score?

Our composite Smart Money Score for REAL is 52 out of 100 (Neutral). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.

How many institutions bought REAL this quarter?
4D. E. Shaw & Co., Inc.4.9M$57.6M+11.3%4.051%0.03%
5VANGUARD CAPITAL MANAGEMENT LLC4.7M$55.6M+3.8%3.912%0.00%
6TWO SIGMA INVESTMENTS, LP4.0M$47.1M-10.6%3.317%0.03%
7ARROWSTREET CAPITAL, LIMITED PARTNERSHIP3.9M$46.4M-2.8%3.267%0.02%
8AMERICAN CENTURY COMPANIES INC3.7M$43.8M+24.2%3.086%0.02%
9Woodson Capital Management, LP3.3M$38.9M+23.6%2.739%6.51%
10STATE STREET CORP3.2M$37.3M+13.4%2.624%0.00%
11GEODE CAPITAL MANAGEMENT, LLC2.8M$33.6M-0.2%2.363%0.00%
12GOLDMAN SACHS GROUP INC2.7M$32.0M+23.1%2.254%0.00%
13CITADEL ADVISORS LLC2.4M$28.2M-2.8%1.988%0.00%
14UBS Group AG2.4M$27.8M+9.0%1.959%0.00%
15Nuveen, LLC2.3M$27.7M+5.4%1.949%0.01%
16AQR CAPITAL MANAGEMENT LLC2.2M$25.4M+57.4%1.791%0.01%
17AWM Investment Company, Inc.1.8M$21.3M+21.6%1.497%1.85%
18Kanen Wealth Management LLC1.6M$18.9M+14.2%1.319%4.59%
19MASTERS CAPITAL MANAGEMENT LLC1.5M$17.7M-62.5%1.245%0.45%
20SUSQUEHANNA INTERNATIONAL GROUP, LLP1.4M$16.1M-36.2%1.136%0.00%
21Qube Research & Technologies Ltd1.4M$16.1M-57.3%1.132%0.01%
22Crestwood Capital Management, L.P.1.3M$15.3M-8.3%1.079%10.04%
23ROYCE & ASSOCIATES LP1.3M$15.0M+122.8%1.056%0.12%
24VANGUARD PORTFOLIO MANAGEMENT LLC1.2M$14.7M+20.6%1.034%0.00%
25BALYASNY ASSET MANAGEMENT L.P.1.2M$14.0M—0.986%0.02%

denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in REAL — a direct measure of their conviction.

G2 Investment Partners Management LLC
$3.3M
  • VOLORIDGE INVESTMENT MANAGEMENT, LLC$3.0M
  • Connor, Clark & Lunn Investment Management Ltd.$2.8M
  • HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND$1.9M
  • Penn Capital Management Company, LLC$1.9M
  • CANADA PENSION PLAN INVESTMENT BOARD$1.6M
  • CASTLEARK MANAGEMENT LLC$1.4M
  • BIT Capital GmbH$1.4M
  • Freestone Grove Partners LP$677K
  • OCCUDO QUANTITATIVE STRATEGIES LP$653K
  • +9.6%
    82.22%
    +14.00 pp
    $487M
    52%
    Q4 2024187+23%68.22%+1.32 pp$1.01B+350%
    Q3 2024152—66.90%—$225M—

    Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.

    46 institutions opened new positions in REAL during Q2 2026, while 40 fully exited. 163 added to existing positions and 40 trimmed.

    How is institutional ownership of REAL changing?

    REAL institutional ownership fell by 5.37 percentage points quarter-over-quarter, with a net change of +5 holders.

    How concentrated is REAL ownership among the top holders?

    The top 10 institutions account for 46.0% of all reported 13F value in REAL, and the top 25 account for 69.7%.

    Where does this REAL institutional ownership data come from?

    All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.

    REALThe RealReal, Inc.
    $12.87$1.6B
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