Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

The Realreal Inc (REAL)

244 + Investors. Track Smart Money conviction in REAL. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +10
Streak
3Q ▲
Buyers last Q
54%

Smart Money Signals — REAL

Based on 246 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 3 quarters in a row

last 6Q
For 3 consecutive quarters, more hedge funds added REAL than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
246 hedge funds hold REAL right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📶

Steady growth — +15% more funds vs a year ago

fund count last 6Q
+32 new funds entered over the past year (+15% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 54% buying

145 buying126 selling
Last quarter: 145 funds bought or added vs 126 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
📈

More new buyers each quarter (+9 vs last Q)

new funds entering per quarter
Funds opening a new REAL position: 31 → 55 → 47 → 56. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

52% of holders stayed for 2+ years

■ 52% conviction (2yr+) ■ 23% medium ■ 25% new
129 out of 246 hedge funds have held REAL for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💎

Buying through price weakness — shares +2%, value -41%

Value
-40%
Shares
+2%
Last quarter: funds added +2% more shares while total portfolio value only changed -41%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📈

Growing discovery — still being found

54 → 31 → 55 → 47 → 56 new funds/Q
New funds entering each quarter: 31 → 55 → 47 → 56. A growing number of institutions are discovering REAL each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 63% veterans vs 26% newcomers

■ 63% veterans ■ 11% 1-2yr ■ 26% new
Entry-cohort mix of 261 holders: 164 (63%) are 2+ year veterans, 29 entered 1–2 years ago, and 68 (26%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 40% AUM from top-100 funds

40% from top-100 AUM funds
42 of 243 holders are among the 100 largest funds by AUM, controlling 40% of total institutional value in REAL. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.9
out of 10
Low Exit Risk
Exit risk score 3.9/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — REAL

In 2026 Q1, 145 hedge funds were net buyers of REAL (56 opened a new position, 89 added to an existing one), while 126 reduced or exited (80 trimmed, 46 sold completely) — a 54% buyer ratio, indicating a slight buying edge. This marks 3 consecutive quarters of net institutional buying — a persistent conviction signal. 40% of total institutional value in REAL is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +10 funds (more new holders than closures). Total institutional holders: 246.

Hedge Fund Ownership: REAL

How many hedge funds hold REAL — quarterly history vs. share price
Quarterly hedge fund ownership of REAL vs. share price

Market Analysis: REAL

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: REAL

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy The Realreal Inc (REAL) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much REAL has moved relative to its sector benchmark (XLY) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 77d ago
REAL
+21.9%
XLY
+8.9%

REAL outperformed XLY by +13.0% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 32d ago
REAL
+22.2%
XLY
+1.9%

Since the filing became public, REAL outperformed XLY by +20.3% .

Interpretation: The stock has meaningfully outrun its sector. The trade has partially played out; entry is at a premium to the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

25 top-rated funds 0 high-conviction
Consensus
6.1
/ 10
breadth
×
Elite
0.9
/ 10
conviction
Hedge Fund Positioning: REAL
244 + Investors

Track Smart Money conviction in REAL. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 244 236 3.39%
13F Shares 124M 121M 2.06%
Total Value $1.13B $1.90B -40.58%
New Positions 55 47 +8
Increased Positions 83 90 -7
Closed Positions 47 37 +10
Reduced Positions 77 77 -
Total Calls 11 9 22.22%
Total Puts 7 12 -41.67%
PUT/CALL Ratio 0.64 1.33 Bullish

Statistics: REAL

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Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
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PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

244 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in REAL. Verified SEC 13F-HR filings.

QUARTER:
Top 25 REAL holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Crestwood Capital Management, L.P. 8.85% 1,418,081 $12.9M
2 Kanen Wealth Management LLC 4.55% 1,391,907 $12.6M
3 Woodson Capital Management, LP 3.81% 2,669,420 $24.2M
4 Archon Capital Management LLC 1.69% 329,075 $3.0M
5 Divisadero Street Capital Management, LP 1.65% 4,342,757 $39.4M
6 AWM Investment Company, Inc. 1.49% 1,483,847 $13.5M
7 Anthracite Investment Company, Inc. 1.01% 417,706 $2.0M
8 G2 Investment Partners Management LLC 0.81% 362,525 $3.3M
9 Capricorn Fund Managers Ltd 0.78% 548,730 $5.0M
10 Counterpoint Mutual Funds LLC 0.67% 492,806 $4.5M
11 Manatuck Hill Partners, LLC 0.62% 252,769 $2.3M
12 Masters Capital Management LLC 0.60% 2,000,000 $18.2M
13 Masters Capital Management LLC 0.60% 2,000,000 $18.2M
14 Atika Capital Management LLC 0.51% 451,055 $4.1M
15 MYDA Advisors LLC 0.51% 340,000 $3.1M
16 Kingdon Capital Management, L.L.C. 0.40% 400,000 $3.6M
17 Quantum Private Wealth, LLC 0.37% 133,506 $1.2M
18 Interval Partners, LP 0.22% 918,033 $8.3M
19 Shay Capital LLC 0.20% 268,911 $2.4M
20 Capital Financial Group Inc\co\ /Adv 0.20% 39,663 $360K
21 nVerses Capital, LLC 0.18% 21,538 $196K
22 Crawford Fund Management, LLC 0.16% 93,400 $848K
23 Driehaus Capital Management LLC 0.16% 2,340,520 $21.3M
24 Cannell Capital LLC 0.15% 27,504 $250K
25 Penn Capital Management Company, LLC 0.15% 206,440 $1.9M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — The Realreal Inc (REAL)

What does the Smart Money Trend signal show for REAL?

Buying streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds added REAL than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for REAL?

Slight buying edge — 54% buying: Last quarter: 145 funds bought or added vs 126 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for REAL holders?

Elite ownership — 40% AUM from top-100 funds: 42 of 243 holders are among the 100 largest funds by AUM, controlling 40% of total institutional value in REAL. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held REAL?

52% of holders stayed for 2+ years: 129 out of 246 hedge funds have held REAL for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy The Realreal Inc (REAL) following the 2026 Q1 hedge fund 13F filings?

As of today, REAL has moved +22.2% since the 2026 Q1 13F filing date (May 15, 2026), compared to +1.9% for the XLY sector ETF — an outperformance of +20.3%. Since the quarter end (March 31, 2026), REAL has gained +21.9% vs +8.9% for XLY. The stock has meaningfully outrun its sector. The trade has partially played out; entry is at a premium to the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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