TheRealReal, Inc. - Common Stock, par value $0.00001 per share (REAL) Institutional Ownership

13F Institutional Holders and Ownership History from Q1 2019 to Q4 2025

Type / Class: Equity / Common Stock, par value $0.00001 per share
Symbol: REAL on Nasdaq
Shares outstanding: 118,367,347
Price per share: $15.78
All holders as of 30 Sep 2025: Q3 2025
Total 13F shares: 102,420,892
Total reported value: $1,088,499,061
% of total 13F portfolios: 0.01%
Share change: +6,227,796
Value change: +$89,678,096
Number of holders: 219
Price from insider filings: $15.78

Reported Shares, Excluding Options vs Price

Reported Value, Excluding Options

Total Investors

Significant Owners of TheRealReal, Inc. - Common Stock, par value $0.00001 per share (REAL) based on Schedule 13D/G filings

Filer	Ownership	Change %	Holdings Value	Net Change	Nb Shares	Change %	Reporting Name	Report Period
FMR LLC	11%		$198,722,721		12,593,089		FMR LLC	31 Dec 2025
VANGUARD GROUP INC	5.1%		$63,033,848		5,929,807		The Vanguard Group	30 Sep 2025
RILEY TIMOTHY M	4.9%		$91,524,000		5,800,000		Timothy M. Riley	07 Jan 2026
Philotimo Fund, LP	3.9%	-32%	$23,371,072	-$11,066,940	4,296,153	-32%	Kanen David	28 Jan 2025
Woodson Capital Management, LP	3%	-48%	$37,205,000	-$28,154,926	3,500,000	-43%	Woodson Capital Management, LP	10 Sep 2025

As of 30 Sep 2025, 219 institutional investors reported holding 102,420,892 shares of TheRealReal, Inc. - Common Stock, par value $0.00001 per share (REAL). This represents 87% of the company’s total 118,367,347 outstanding shares.

Top 25 Institutional Shareholders

The largest institutional shareholders of TheRealReal, Inc. - Common Stock, par value $0.00001 per share (REAL) together control 59% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.

Institution	Ownership %	Shares Held	Share Change %	Portfolio %	Holdings Value
BlackRock, Inc.	7.4%	8,706,785	+5.2%	0%	$92,553,125
VANGUARD GROUP INC	5%	5,929,807	+7.7%	0%	$63,033,848
Kanen Wealth Management LLC	3.5%	4,197,130	-11%	15%	$44,628,499
D. E. Shaw & Co., Inc.	3.5%	4,190,904	+54%	0.04%	$44,549,310
MARSHALL WACE, LLP	3.2%	3,766,825	-13%	0.04%	$40,041,351
Woodson Capital Management, LP	3%	3,500,000	-45%	7.2%	$37,205,000
GOLDMAN SACHS GROUP INC	2.7%	3,200,270	-2.9%	0%	$34,018,871
Driehaus Capital Management LLC	2.6%	3,094,432	+85%	0.24%	$32,893,812
STATE STREET CORP	2.2%	2,634,561	+1.8%	0%	$28,005,383
TWO SIGMA INVESTMENTS, LP	2.2%	2,628,770	+6.6%	0.04%	$27,943,825
Divisadero Street Capital Management, LP	2.2%	2,599,801	+652%	1.3%	$27,635,885
BNP PARIBAS FINANCIAL MARKETS	2.1%	2,542,013	0%	0.02%	$27,021,598
TWO SIGMA ADVISERS, LP	2%	2,404,500	+1.5%	0.05%	$25,559,835
GEODE CAPITAL MANAGEMENT, LLC	2%	2,393,615	+4%	0%	$25,448,008
Nuveen, LLC	1.7%	2,034,996	+459%	0.01%	$21,632,008
MORGAN STANLEY	1.7%	1,966,753	+84%	0%	$20,906,584
JUPITER ASSET MANAGEMENT LTD	1.7%	1,961,057	+501%	0.18%	$20,846,036
CITADEL ADVISORS LLC	1.6%	1,921,364	+54%	0.02%	$20,424,099
AMERICAN CENTURY COMPANIES INC	1.6%	1,837,907	+3475%	0.01%	$19,536,967
Squarepoint Ops LLC	1.4%	1,602,659	-17%	0.04%	$17,036,265
Jump Financial, LLC	1.2%	1,468,000	+36%	0.2%	$15,604,840
Crestwood Capital Management, L.P.	1.2%	1,443,081	-8%	11%	$15,339,951
AWM Investment Company, Inc.	1.2%	1,433,847	0%	1.4%	$15,241,794
Manatuck Hill Partners, LLC	1.1%	1,278,955	-21%	4.6%	$13,595,292
JPMORGAN CHASE & CO	1.1%	1,263,601	+5.1%	0%	$13,432,079

Institutional Holders of TheRealReal, Inc. - Common Stock, par value $0.00001 per share (REAL) across Reporting Periods

Period	Reported Shares, Excl. Options	Value, Excl. Options	Value Change	Puts Notional Value	Calls Notional Value	Price (Median)	Investors
2025 Q4	1,301,083	$20,538,932	-$14,898,891			$15.78	14
2025 Q3	102,420,892	$1,088,499,061	+$89,678,096	$15,712,445	$35,652,830	$10.63	219
2025 Q2	94,883,554	$454,565,461	+$18,385,453	$6,695,153	$15,578,198	$4.79	200
2025 Q1	90,973,451	$490,360,763	+$42,551,963	$7,653,855	$23,804,319	$5.39	207
2024 Q4	76,693,511	$838,458,634	+$70,838,257	$16,417,400	$99,633,841	$10.93	187
2024 Q3	72,816,351	$228,632,470	+$9,249,137	$1,062,198	$22,629,637	$3.14	157
2024 Q2	69,642,160	$222,169,684	+$20,912,115	$1,537,580	$22,215,303	$3.19	152
2024 Q1	62,373,902	$243,864,856	+$43,136,023	$10,471,758	$29,166,039	$3.91	155
2023 Q4	279,350	$561,494	+$158,738			$2.01	2
2023 Q3	45,685,331	$96,393,574	-$354,078	$2,490,011	$2,597,566	$2.11	133
2023 Q2	45,236,138	$100,455,256	-$9,601,797	$775,002	$2,302,752	$2.22	123
2023 Q1	53,236,504	$67,020,722	-$2,117,904	$149,310	$368,274	$1.26	131
2022 Q4	57,779,324	$72,248,067	-$10,999,444	$172,625	$479,375	$1.25	128
2022 Q3	63,966,176	$95,991,218	-$29,487,018	$436,000	$2,329,000	$1.50	130
2022 Q2	78,227,737	$194,929,823	-$44,853,288	$1,329,000	$9,826,000	$2.49	161
2022 Q1	76,762,686	$559,288,511	+$13,279,498	$2,923,300	$8,269,944	$7.26	170
2021 Q4	81,137,201	$942,095,404	-$56,725,441	$10,212,000	$29,326,000	$11.61	173
2021 Q3	84,339,613	$1,111,785,632	-$135,941,917	$19,146,000	$19,154,000	$13.18	165
2021 Q2	90,414,181	$1,786,229,453	+$65,322,073	$11,570,000	$44,143,272	$19.76	171
2021 Q1	84,944,242	$1,921,880,935	+$234,129,909	$12,148,000	$26,978,562	$22.63	172
2020 Q4	72,887,134	$1,424,225,802	+$66,228,688	$6,936,000	$25,171,000	$19.54	166
2020 Q3	71,581,834	$1,035,832,433	+$38,233,695	$5,218,000	$8,627,000	$14.47	137
2020 Q2	69,315,535	$886,567,935	+$146,251,980	$4,149,000	$9,262,000	$12.79	128
2020 Q1	61,317,720	$429,842,211	-$84,185,788	$3,224,000	$1,601,000	$7.01	114
2019 Q4	54,822,701	$1,033,148,607	+$47,070,626	$42,413,000	$12,360,000	$18.85	100
2019 Q3	42,728,336	$954,514,434	+$334,845,521	$25,335,001	$18,080,000	$22.36	107
2019 Q2	26,543,064	$767,078,922	+$767,077,964			$28.90	99
2019 Q1	29	$1,000	$0			$34.48	1