Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Thredup Inc (TDUP)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -21
Streak
1Q ▼
Buyers last Q
48%

Smart Money Signals — TDUP

Based on 170 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their TDUP positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 89% of 3.0Y peak

89% of all-time peak
170 funds currently hold this stock — 89% of the 3.0-year high of 191 funds (reached 2025 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
🚀

Fast accumulation — +49% more funds vs a year ago

fund count last 6Q
+56 new funds entered over the past year (+49% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟠

More sellers than buyers — 48% buying

94 buying101 selling
Last quarter: 101 funds reduced or exited vs 94 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
⚠️

Fewer new buyers each quarter (-14 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 54 → 51 → 41 → 27. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
📌

Mixed — 39% long-term, 32% new

■ 39% conviction (2yr+) ■ 28% medium ■ 32% new
Of the 170 current holders: 67 (39%) held >2 years, 48 held 1–2 years, and 55 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.
💎

Buying through price weakness — shares +0%, value -50%

Value
-49%
Shares
+0%
Last quarter: funds added +0% more shares while total portfolio value only changed -50%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📊

Peak discovery — momentum slowing

27 → 54 → 51 → 41 → 27 new funds/Q
New funds entering each quarter: 54 → 51 → 41 → 27. TDUP is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Veteran-anchored — 52% veterans vs 37% newcomers

■ 52% veterans ■ 11% 1-2yr ■ 37% new
Entry-cohort mix of 174 holders: 90 (52%) are 2+ year veterans, 19 entered 1–2 years ago, and 65 (37%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 36% AUM from major funds

36% from top-100 AUM funds
40 of 169 holders rank in the top 100 by AUM, accounting for 36% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.8
out of 10
Low Exit Risk
Exit risk score 3.8/10 — 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 — TDUP

In 2026 Q1, 94 hedge funds were net buyers of TDUP (27 opened a new position, 67 added to an existing one), while 101 reduced or exited (53 trimmed, 48 sold completely) — a 48% buyer ratio, indicating roughly balanced activity. 36% of total institutional value in TDUP is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -21 funds (more exits than new entries). Total institutional holders: 170.

Hedge Fund Ownership: TDUP

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

Market Analysis: TDUP

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: TDUP

-- --

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

Is It Too Late to Buy Thredup Inc (TDUP) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much TDUP 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 · 85d ago
TDUP
+98.0%
XLY
+6.9%

TDUP outperformed XLY by +91.1% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 40d ago
TDUP
+58.4%
XLY
-0.1%

Since the filing became public, TDUP outperformed XLY by +58.5% .

Interpretation: The stock has significantly outperformed its sector benchmark — the original entry opportunity has largely been captured by earlier investors. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

17 top-rated funds 0 high-conviction
Consensus
5.5
/ 10
breadth
×
Elite
0.7
/ 10
conviction
Hedge Fund Positioning: TDUP
169 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 169 191 -11.52%
13F Shares 96M 96M 0.1%
Total Value $306M $611M -49.92%
New Positions 26 41 -15
Increased Positions 67 76 -9
Closed Positions 48 25 +23
Reduced Positions 50 50 -
Total Calls 2 4 -50.0%
Total Puts 3 5 -40.0%
PUT/CALL Ratio 1.5 1.25 Bearish

Statistics: TDUP

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Valuation Measures Data as of: --

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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)

169 + investors

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

QUARTER:
Top 25 TDUP holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Archon Capital Management LLC 2.29% 1,238,125 $4.1M
2 Needham Investment Management LLC 1.55% 9,275,000 $30.4M
3 Woodson Capital Management, LP 0.87% 1,695,000 $5.6M
4 Zweig-DiMenna Associates LLC 0.66% 1,454,500 $4.8M
5 Onex Canada Asset Management Inc. 0.47% 862,482 $2.8M
6 Diker Management LLC 0.47% 160,555 $527K
7 BloombergSen Inc. 0.34% 1,351,246 $4.4M
8 Axim Planning & Wealth 0.31% 77,340 $254K
9 Byrne Asset Management LLC 0.21% 110,000 $361K
10 Divisadero Street Capital Management, LP 0.14% 993,949 $3.3M
11 Dynamic Technology Lab Private Ltd 0.13% 248,892 $816K
12 Gmt Capital Corp 0.11% 701,600 $2.3M
13 Gilder Gagnon Howe & Co LLC 0.09% 2,375,124 $7.8M
14 Readystate Asset Management LP 0.07% 507,254 $1.7M
15 Crawford Fund Management, LLC 0.04% 70,100 $230K
16 Tocqueville Asset Management L.P. 0.04% 880,000 $2.9M
17 Inspire Investing, LLC 0.04% 158,228 $519K
18 Trexquant Investment LP 0.03% 1,318,200 $4.3M
19 Round Rock Advisors LLC 0.03% 59,501 $195K
20 Ci Investments INC. 0.03% 1,810,000 $5.9M
21 Net Worth Advisory Group 0.03% 40,177 $132K
22 XTX Topco Ltd 0.03% 438,467 $1.4M
23 Axq Capital, LP 0.02% 57,492 $189K
24 Allegheny Financial Group 0.02% 46,987 $154K
25 Blair William & Co/Il 0.02% 2,082,554 $6.8M
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 — Thredup Inc (TDUP)

What does the Smart Money Trend signal show for TDUP?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their TDUP positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for TDUP?

More sellers than buyers — 48% buying: Last quarter: 101 funds reduced or exited vs 94 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for TDUP holders?

Strong quality — 36% AUM from major funds: 40 of 169 holders rank in the top 100 by AUM, accounting for 36% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held TDUP?

Mixed — 39% long-term, 32% new: Of the 170 current holders: 67 (39%) held >2 years, 48 held 1–2 years, and 55 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.

Is it too late to buy Thredup Inc (TDUP) following the 2026 Q1 hedge fund 13F filings?

As of today, TDUP has moved +58.4% since the 2026 Q1 13F filing date (May 15, 2026), compared to -0.1% for the XLY sector ETF — an outperformance of +58.5%. Since the quarter end (March 31, 2026), TDUP has gained +98.0% vs +6.9% for XLY. The stock has significantly outperformed its sector benchmark — the original entry opportunity has largely been captured by earlier investors.

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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