ThredUp Inc.

TDUP • NASDAQ

ThredUp Inc. is a specialty retail company in the consumer cyclical sector on NASDAQ, led by James Reinhart, with a market cap of $1.0B. As of Q3 2025, 73% of shares are held by 174 institutional investors, with Capital World Investors as the largest holder at 7.07%.

Chief Executive OfficerJames Reinhart

Market Cap$1.0B

Specialty Retail

Consumer Cyclical

Employees2.4K

Websitethredup.com

Country

United States of America

Overview

Overview of institutional ownership in TDUP as of Q3 2025 with a market cap of $1.2B

All Institutions

Institutions: 174
Value Held: $845.1M
Shares Held: 89.4M
Avg Position: $4.9M
Median Position: $491.0K

Hedge Funds

Hedge Funds: 36
Value Held: $245.7M
Shares Held: 26.0M
Avg Position: $6.8M
Median Position: $3.6M

Ownership Breakdown

Institutional (non-HF)

51.5%

$599.4M

Hedge Funds

21.11%

$245.7M

Retail & Other

27.39%

$318.8M

Based on market cap of $1.2B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in TDUP as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
C Capital World Investors Institution	-	$82.3M 0.01% of portfolio	7.07% 8.7M shares	Q3 2021 Held for 4y 2m	$730.00B
B BlackRock, Inc. Institution	-	$73.8M 0.00% of portfolio	6.34% 7.8M shares	Q1 2021 Held for 4y 8m	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$65.3M 0.00% of portfolio	5.61% 6.9M shares	Q1 2021 Held for 4y 8m	$6.69T
NEEDHAM INVESTMENT MANAGEMENT LLC Hedge Fund•Long/Short	George Austin Needham CEO	$53.6M 3.74% of portfolio	4.61% 5.7M shares	Q3 2021 Held for 4y 2m	$1.4B
Marshall Wace LLP Institution	Diana Lj Harrison President	$40.8M 0.05% of portfolio	3.50% 4.3M shares	Q1 2023 Held for 2y 8m	$90.3B
PRUDENTIAL FINANCIAL INC Institution	Andrew F. Sullivan CEO	$29.4M 0.03% of portfolio	2.53% 3.1M shares	Q1 2025 Held for 8 months	$84.1B
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	Dan Michael Berkovitz Chairman	$25.9M 0.02% of portfolio	2.23% 2.7M shares	Q1 2021 Held for 4y 8m	$121.98B
DRIEHAUS CAPITAL MANAGEMENT LLC Hedge Fund•Event Driven	Stephen Thomas Weber CEO	$23.6M 0.17% of portfolio	2.03% 2.5M shares	Q2 2025 Held for 5 months	$13.9B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$21.6M 0.00% of portfolio	1.86% 2.3M shares	Q2 2021 Held for 4y 5m	$2.88T
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	Peter Fitzhugh Brown CEO	$21.6M 0.03% of portfolio	1.85% 2.3M shares	Q3 2022 Held for 3y 2m	$75.8B

Net Capital Flow

Institutional buying and selling activity for TDUP in Q3 2025

Traded: +$142.6M
Buyers: 116
Sellers: 77
Total Bought: +$200.2M
Total Sold: −$57.6M
Avg Position: $4.0M

Biggest Buyers

Institution	Net Bought	Current Position
PRUDENTIAL FINANCIAL INC Institution	+$17.8M +1.9M shares	$29.4M 3.1M shares
GOLDMAN SACHS GROUP INC Institution	+$15.5M +1.6M shares	$18.3M 1.9M shares
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	+$14.1M +1.5M shares	$19.4M 2.1M shares
GILDER GAGNON HOWE & CO LLC RIA/Wealth	+$11.5M +1.2M shares	$12.1M 1.3M shares
DRIEHAUS CAPITAL MANAGEMENT LLC Hedge Fund•Event Driven	+$10.7M +1.1M shares	$23.6M 2.5M shares
FMR LLC Institution	+$10.3M +1.1M shares	$20.2M 2.1M shares
D Divisadero Street Capital Management, LP Hedge Fund•Long/Short	+$9.4M +994.2K shares	$9.4M 994.2K shares
B BlackRock, Inc. Institution	+$9.0M +956.6K shares	$73.8M 7.8M shares
LANDSCAPE CAPITAL MANAGEMENT, L.L.C. Hedge Fund•Market Neutral	+$7.4M +782.0K shares	$7.4M 782.0K shares
LORD, ABBETT & CO. LLC Long Only Manager	+$7.0M +742.0K shares	$7.0M 742.0K shares

Biggest Sellers

Institution	Net Sold	Current Position
B BLAIR WILLIAM & CO/IL Institution	−$11.4M −1.2M shares	$13.6M 1.4M shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$7.4M −784.6K shares	$7.9M 839.6K shares
F FIL Ltd Institution	−$5.1M −675.0K shares	Sold Off 0 shares
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	−$4.9M −515.1K shares	$668.2K 70.7K shares
MORGAN STANLEY RIA/Wealth	−$3.5M −374.1K shares	$13.8M 1.5M shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	−$3.0M −316.8K shares	$5.8M 619.0K shares
NEEDHAM INVESTMENT MANAGEMENT LLC Hedge Fund•Long/Short	−$1.9M −200.0K shares	$53.6M 5.7M shares
SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC Hedge Fund•Long/Short	−$1.7M −230.0K shares	Sold Off 0 shares
S SIMPLEX TRADING, LLC Institution	−$1.4M −186.1K shares	Sold Off 0 shares
EAM Investors, LLC Long Only Manager	−$1.4M −149.0K shares	$4.1M 434.3K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited TDUP in Q3 2025

New Positions: 35
New Value: $28.7M
Exited Positions: 34
Exited Value: $14.1M

New Positions

Institution	Position Value
D Divisadero Street Capital Management, LP Hedge Fund•Long/Short	$9.4M 994.2K shares
LORD, ABBETT & CO. LLC Long Only Manager	$7.0M 742.0K shares
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	$6.1M 640.4K shares
H HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Institution	$1.5M 160.1K shares
Calamos Advisors LLC Long Only Manager	$1.0M 106.8K shares
CWM Advisors, LLC ETF Provider	$456.8K 48.3K shares
Harbour Capital Advisors, LLC Family Office	$403.2K 45.3K shares
B Brevan Howard Capital Management LP Institution	$396.5K 42.0K shares
E Entropy Technologies, LP Hedge Fund•Quant Macro	$387.0K 41.0K shares
HENDERSON GROUP PLC Institution	$372.2K 39.3K shares

Exited Positions

Institution	Previous Position
F FIL Ltd Institution	$5.1M 675.0K shares
SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC Hedge Fund•Long/Short	$1.7M 230.0K shares
S SIMPLEX TRADING, LLC Institution	$1.4M 186.1K shares
VOLORIDGE INVESTMENT MANAGEMENT, LLC Hedge Fund•Multi-Strategy	$968.8K 129.4K shares
AMERIPRISE FINANCIAL INC Institution	$693.6K 92.6K shares
B BRIDGEWAY CAPITAL MANAGEMENT INC Long Only Manager	$651.6K 87.0K shares
JACOBS LEVY EQUITY MANAGEMENT, INC Hedge Fund•Quant	$593.8K 79.3K shares
O OPTIONS SOLUTIONS, LLC Hedge Fund•Sector	$396.9K 53.0K shares
B Bayesian Capital Management, LP Hedge Fund•Quant	$382.0K 51.0K shares
BAILARD, INC. RIA/Wealth	$244.9K 32.7K shares

Options Activity

Institutions with the largest Call and Put options positions in TDUP as of Q3 2025

Call Positions: 6
Call Value: $8.3M
Put Positions: 6
Put Value: $1.4M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$4.1M 4.4K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$2.3M 2.5K contracts
Walleye Trading LLC RIA/Wealth	$820.3K 868.0 contracts
J JANE STREET GROUP, LLC Institution	$773.0K 818.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$217.4K 230.0 contracts
B Belvedere Trading LLC Institution	- - contracts

Put Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$807.0K 854.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$269.3K 285.0 contracts
P PEAK6 LLC Institution	$260.8K 276.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$32.1K 34.0 contracts
Walleye Trading LLC RIA/Wealth	$3.8K 4.0 contracts
J JANE STREET GROUP, LLC Institution	- - contracts

Most Committed Institutions

Institutions with TDUP as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
NEEDHAM INVESTMENT MANAGEMENT LLC Hedge Fund•Long/Short	George Austin Needham CEO	3.74% $53.6M	4.61% 5.7M shares	Q3 2021 Held for 4y 2m	$1.4B
Archon Capital Management LLC Hedge Fund•Long/Short	Constantinos John Christofilis Managing Partner	1.39% $2.3M	0.20% 246.5K shares	Q4 2024 Held for 11 months	$167.6M
DIKER MANAGEMENT LLC RIA/Wealth	Lawrence Howard Levy Managing Partner	1.10% $1.4M	0.12% 143.6K shares	Q3 2023 Held for 2y 2m	$123.8M
BloombergSen Inc. Institution	Jack "Nmn" Tabacinic CEO	0.71% $8.3M	0.72% 880.9K shares	Q2 2024 Held for 1y 5m	$1.2B
G G2 Investment Partners Management LLC Hedge Fund•Long/Short	Joshua M Goldberg Managing Partner	0.71% $3.3M	0.28% 349.4K shares	Q3 2025 Held for 2 months	$467.4M
B Byrne Asset Management LLC RIA/Wealth	Brendan Thomas Byrne Managing Partner	0.68% $1.0M	0.09% 110.9K shares	Q2 2025 Held for 5 months	$154.4M
R READYSTATE ASSET MANAGEMENT LP Hedge Fund•Multi-Strategy	David Barnett Grossman Managing Partner	0.68% $6.8M	0.58% 716.5K shares	Q2 2025 Held for 5 months	$1.0B
LANDSCAPE CAPITAL MANAGEMENT, L.L.C. Hedge Fund•Market Neutral	George Demetrios Papadopoulos CFO	0.47% $7.4M	0.63% 782.0K shares	Q3 2025 Held for 2 months	$1.6B
EAM Investors, LLC Long Only Manager	Derek John Gaertner CEO	0.46% $4.1M	0.35% 434.3K shares	Q1 2025 Held for 8 months	$873.4M
D Divisadero Street Capital Management, LP Hedge Fund•Long/Short	William Zolezzi Managing Partner	0.44% $9.4M	0.81% 994.2K shares	Q3 2025 Held for 2 months	$2.1B

Hedge Fund Spotlight

Discover hedge funds investing in TDUP

MAVERICK CAPITAL LTD

Hedge Fund • Long/Short

Portfolio ManagerJessica Opland

Portfolio Value: $7.6B
Positions: 201
Last Reported: Q3 2025

Sector Allocation

Position in ThredUp Inc.

Market Value: $4.0M
Shares Held: 423.0K
Portfolio Weight: 0.05%
Owned Since: 2025-Q2

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