Realreal Inc/the (REAL) Quarterly Institutional 13F Update (Q2 2026)

REAL ranks #2456 out of 37501 tracked stocks by institutional interest — one of the most closely watched names in our coverage.

REAL is a disclosed holding of David Shaw (D. E. Shaw & Co.), one of the tracked superinvestors on AlphaSMO — it makes up 0.0% of that fund's own 13F portfolio.

REAL is a top-conviction position for Crestwood Capital Management, L.P. — at 10.0% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.

The largest dollar stake in REAL belongs to BlackRock, Inc., but the position matters far more to Crestwood Capital Management, L.P., who has 10.0% of their own portfolio riding on it — a reminder that the biggest holder by size and the holder with the biggest bet aren't always the same fund.

Cliff Asness has added to its REAL position for two straight quarters, increasing it by $22.5M to reach $25.4M today.

Fidelity has trimmed its REAL position for two straight quarters, cutting it by $137.1M while still holding $59.5M.

REAL is down 2.2% today, but institutions show net buying of $18.3M this quarter — a divergence between today's price move and the underlying institutional flow.

REAL reported a net loss of $81.1M over the trailing twelve months.

• Not yet profitable — net loss of $81.1M over the trailing twelve months
• Revenue grew 17.7% year over year
• Net income declined year over year, from -$35.4M to -$81.1M
• Generated $37.0M in positive operating cash flow
• Current ratio of 0.86x — below the conventional 1.5x liquidity buffer