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: 116,602,675
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: +$89,678,095
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
Philotimo Fund, LP	3.9%	-32%	$26,206,533	-$12,409,620	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 88% of the company’s total 116,602,675 outstanding shares.

Top 25 Institutional Shareholders

The largest institutional shareholders of TheRealReal, Inc. - Common Stock, par value $0.00001 per share (REAL) together control 60% 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.	7.5%	8,706,785	+5.2%	0%	$92,553,125
VANGUARD GROUP INC	5.1%	5,929,807	+7.7%	0%	$63,033,848
Kanen Wealth Management LLC	3.6%	4,197,130	-11%	15%	$44,628,499
D. E. Shaw & Co., Inc.	3.6%	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	2.7%	3,094,432	+85%	0.24%	$32,893,812
STATE STREET CORP	2.3%	2,634,561	+1.8%	0%	$28,005,383
TWO SIGMA INVESTMENTS, LP	2.3%	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	2.2%	2,542,013	0%	0.02%	$27,021,598
TWO SIGMA ADVISERS, LP	2.1%	2,404,500	+1.5%	0.05%	$25,559,835
GEODE CAPITAL MANAGEMENT, LLC	2.1%	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	1.3%	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	449,853	$7,098,709	+$5,259,375			$15.78	5
2025 Q3	102,420,892	$1,088,499,061	+$89,678,095	$15,712,445	$35,652,830	$10.63	219
2025 Q2	94,883,554	$454,565,461	+$18,385,426	$6,695,153	$15,578,198	$4.79	200
2025 Q1	90,973,451	$490,360,797	+$42,551,968	$7,653,855	$23,804,319	$5.39	207
2024 Q4	76,943,468	$841,191,134	+$73,569,971	$16,417,400	$99,633,841	$10.93	187
2024 Q3	72,816,351	$228,632,008	+$9,249,262	$1,062,198	$22,629,637	$3.14	154
2024 Q2	69,642,160	$222,170,008	+$20,910,785	$1,537,580	$22,215,303	$3.19	151
2024 Q1	62,373,902	$243,864,856	+$40,929,279	$10,463,942	$29,166,039	$3.91	149
2023 Q4	54,347,770	$109,234,702	+$18,264,704	$9,134,847	$1,190,925	$2.01	130
2023 Q3	45,732,247	$96,492,574	+$553,174	$2,490,011	$2,596,566	$2.11	135
2023 Q2	45,266,681	$100,522,167	-$9,677,093	$775,002	$2,302,752	$2.22	127
2023 Q1	53,432,570	$67,266,980	-$5,608,252	$149,310	$365,274	$1.26	133
2022 Q4	58,013,119	$72,539,803	-$10,850,634	$172,625	$478,375	$1.25	131
2022 Q3	65,140,268	$97,754,050	-$33,883,048	$424,000	$2,319,000	$1.50	140
2022 Q2	80,873,964	$201,517,823	-$42,790,813	$1,329,000	$9,827,000	$2.49	166
2022 Q1	82,842,296	$603,427,511	-$12,608,933	$2,935,300	$8,248,944	$7.26	172
2021 Q4	81,322,663	$944,225,404	-$57,915,229	$11,028,000	$30,463,000	$11.61	177
2021 Q3	84,299,878	$1,110,952,632	-$138,187,421	$19,105,000	$19,116,000	$13.18	162
2021 Q2	90,415,500	$1,786,298,453	+$84,911,078	$11,570,000	$45,141,272	$19.76	172
2021 Q1	85,513,855	$1,934,771,709	+$237,862,318	$12,148,000	$28,132,562	$22.63	177
2020 Q4	75,576,685	$1,476,779,014	+$64,466,584	$6,659,000	$24,894,000	$19.54	171
2020 Q3	74,455,622	$1,079,468,433	+$39,760,239	$5,218,000	$8,627,000	$14.47	143
2020 Q2	72,078,784	$921,916,935	+$154,312,580	$4,149,000	$9,254,000	$12.79	133
2020 Q1	63,108,894	$442,397,211	-$83,044,077	$3,224,000	$1,601,000	$7.01	117
2019 Q4	55,738,717	$1,050,414,607	+$53,216,981	$42,413,000	$12,360,000	$18.85	102
2019 Q3	42,728,336	$954,673,275	+$334,438,226	$25,336,000	$17,523,000	$22.36	107
2019 Q2	26,543,064	$767,078,922	+$767,077,923			$28.90	99
2019 Q1	29	$1,000				$34.48	1