Thredup Inc.: which funds bought and sold

Institutions that bought and sold Thredup shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 110 institutions that filed 13F reports for both quarters added to or opened positions in Thredup, and 70 cut or closed them. Together they added a net 5.4M shares, +5.3% on what they held at the start of the quarter. Active managers and hedge funds on our list were net sellers of 2.4M shares (−5.5%); index fund managers were net buyers of 3.3M shares (+14.5%). 30 opened a new position and 24 sold out entirely.

Bought, Q2 2026 110 institutions, 30 of them new holders Sold, Q2 2026 70 institutions, 24 of them sold out

Net change, all compared +5.4M shares (+5.3%)

Net change, active managers −2.4M shares (−5.5%), 18 bought, 18 sold

Buyers versus sellers

institutions compared, 201

110 bought 21 70 sold

Active managers and hedge funds 18 bought · 18 sold · −2.4M

Index fund managers 9 bought · 2 sold · +3.3M

Other institutions 83 bought · 50 sold · +4.5M

Biggest buyers

by change in shares held

Biggest buyers
Institution	Change in shares	Shares June 30, 2026	Value
AQR Capital Management LLC Hedge fund	+4.1M +373.4%	5.2M	$35.3M
Blackrock, Inc. Index funds	+2.7M +33.0%	11.0M	$75.1M
Divisadero Street Capital Management, LP	+2.6M +265.0%	3.6M	$24.9M
Gilder Gagnon Howe & Co LLC Active manager	+1.8M +74.6%	4.1M	$28.4M
D. E. Shaw & Co., Inc. Hedge fund	+1.7M +2359.0%	1.8M	$12.4M
Readystate Asset Management LP	+1.0M +197.4%	1.5M	$10.3M
Goldman Sachs Group Inc	+973K +46.7%	3.1M	$20.9M
Needham Investment Management LLC	+900K +9.7%	10.2M	$69.7M
Gmt Capital Corp	+585K +83.3%	1.3M	$8.8M
Nuveen, LLC	+567K +43.7%	1.9M	$12.8M
Landscape Capital Management, L.L.C.	+454K +1128.0%	494K	$3.4M
Arrowstreet Capital, Limited Partnership Hedge fund	+390K +13.1%	3.4M	$23M
Geode Capital Management, LLC Index funds	+331K +14.1%	2.7M	$18.4M
Ieq Capital, LLC	+318K +443.9%	390K	$2.7M
Fil Ltd Active manager	+250K +25.0%	1.3M	$8.6M
Capital World Investors Active manager	+232K +2.7%	8.9M	$61.2M
CI Investments Inc.	+219K +12.1%	2.0M	$13.9M
Mariner, LLC	+218K +820.1%	244K	$1.7M
Cerity Partners LLC	+159K +449.1%	195K	$1.3M
State Street Corp Index funds	+126K +4.1%	3.2M	$22.1M

Biggest buyers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
AQR Capital Management LLC Hedge fund	+4.1M +373.4%	5.2M	$35.3M
Gilder Gagnon Howe & Co LLC Active manager	+1.8M +74.6%	4.1M	$28.4M
D. E. Shaw & Co., Inc. Hedge fund	+1.7M +2359.0%	1.8M	$12.4M
Arrowstreet Capital, Limited Partnership Hedge fund	+390K +13.1%	3.4M	$23M
Fil Ltd Active manager	+250K +25.0%	1.3M	$8.6M
Capital World Investors Active manager	+232K +2.7%	8.9M	$61.2M
Man Group PLC Hedge fund	+107K +45.4%	344K	$2.4M
Algert Global LLC Hedge fund	+90K New position	90K	$618,486
Polen Capital Management LLC Active manager	+75K New position	75K	$515,743
Boothbay Fund Management, LLC Hedge fund	+70K New position	70K	$477,048

Biggest sellers

by change in shares held

Biggest sellers
Institution	Change in shares	Shares June 30, 2026	Value
Qube Research & Technologies Ltd Hedge fund	−2.0M −72.1%	763K	$5.2M
Marshall Wace, LLP Hedge fund	−1.4M −28.3%	3.5M	$24.1M
Acadian Asset Management LLC Active manager	−1.2M −41.7%	1.7M	$11.8M
Squarepoint Ops LLC Hedge fund	−1.2M −72.6%	452K	$3.1M
FMR LLC Active manager	−937K −30.6%	2.1M	$14.6M
Trexquant Investment LP Hedge fund	−932K −70.7%	386K	$2.6M
Federated Hermes, Inc. Active manager	−916K −82.4%	196K	$1.3M
Citadel Advisors LLC Hedge fund	−760K −78.9%	203K	$1.4M
Millennium Management LLC Hedge fund	−748K −44.4%	936K	$6.4M
UBS Group AG	−679K −49.5%	693K	$4.7M
Renaissance Technologies LLC Hedge fund	−573K −40.6%	838K	$5.7M
Morgan Stanley	−480K −72.9%	178K	$1.2M
Xtx Topco Ltd	−375K −85.5%	64K	$436,633
Empowered Funds, LLC	−355K −87.0%	53K	$362,790
Zweig-Dimenna Associates LLC	−301K −20.7%	1.2M	$7.9M
BNP Paribas Financial Markets	−295K −94.4%	18K	$120,697
Los Angeles Capital Management LLC Active manager	−294K −100.0%	90	$617
Dynamic Technology Lab Private Ltd	−249K Sold out	0	—
Engineers Gate Manager LP Hedge fund	−216K Sold out	0	—
Connor, Clark & Lunn Investment Management Ltd.	−214K −21.5%	782K	$5.4M

Biggest sellers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Qube Research & Technologies Ltd Hedge fund	−2.0M −72.1%	763K	$5.2M
Marshall Wace, LLP Hedge fund	−1.4M −28.3%	3.5M	$24.1M
Acadian Asset Management LLC Active manager	−1.2M −41.7%	1.7M	$11.8M
Squarepoint Ops LLC Hedge fund	−1.2M −72.6%	452K	$3.1M
FMR LLC Active manager	−937K −30.6%	2.1M	$14.6M
Trexquant Investment LP Hedge fund	−932K −70.7%	386K	$2.6M
Federated Hermes, Inc. Active manager	−916K −82.4%	196K	$1.3M
Citadel Advisors LLC Hedge fund	−760K −78.9%	203K	$1.4M
Millennium Management LLC Hedge fund	−748K −44.4%	936K	$6.4M
Renaissance Technologies LLC Hedge fund	−573K −40.6%	838K	$5.7M

New positions

largest by value

Institution	Shares	Value June 30, 2026
Algert Global LLCHedge fund	90K	$618,486
Polen Capital Management LLCActive manager	75K	$515,743
Boothbay Fund Management, LLCHedge fund	70K	$477,048
Aquatic Capital Management LLC	64K	$435,509
Levin Capital Strategies, L.P.Active manager	50K	$342,500
Winton Group LtdHedge fund	47K	$320,196
HSBC Holdings PLC	45K	$307,057
Quantbot Technologies LPHedge fund	40K	$276,336
Brighton Jones LLC	37K	$251,539
Merit Financial Group, LLC	33K	$225,139

Sold out

largest by value

Institution	Shares	Value March 31, 2026
Dynamic Technology Lab Private Ltd	249K	$816,366
Engineers Gate Manager LPHedge fund	216K	$708,624
Gsa Capital Partners LLP	201K	$658,000
Jane Street Group, LLC	180K	$591,420
Jump Financial, LLC	85K	$277,429
Cetera Investment Advisers	67K	$218,697
Round Rock Advisors LLC	60K	$195,163
Axq Capital, LP	57K	$188,574
Allegheny Financial Group	47K	$154,117
Centiva Capital, LPHedge fund	25K	$81,606

Who holds the shares

13F holdings at June 30, 2026

Institutions reporting: 180
Ten largest holders: 53.4%
Index fund managers: 24.5%
Active managers and hedge funds: 38.8%

Buying and selling by type of institution, March 31, 2026 to June 30, 2026
Type	Bought	Sold	New	Sold out	Net change in shares	Net %
Active managers and hedge funds	18	18	6	3	−2.4M	−5.5%
Index fund managers	9	2	0	0	+3.3M	+14.5%
Other institutions	83	50	24	21	+4.5M	+12.9%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

What these filings can and cannot tell you

Form 13F lists the long positions in US-listed shares held by investment managers with more than $100 million in such holdings. Managers file it up to 45 days after each quarter ends, so this page shows what funds held at the end of each quarter, not what they are doing now: a position may have changed since. Short positions, most derivatives and smaller managers are not included, and a cut can mean a fund lost clients or rebalanced rather than a view on Thredup.

Only managers that filed a holdings report for both quarters are compared (201 here). 6 other holders are left out: first-time or late filers, firms that changed their SEC registration, and filings that withheld positions under confidential treatment, any of which would otherwise look like a new position or a sale. Figures are as reported by each manager in the SEC's quarterly 13F data sets; option positions are excluded.

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