Allspring Global Investments Trims Stake in The RealReal

Asset manager reduces position in luxury resale platform by over 50%

Apr. 7, 2026 at 7:13am by Ben Kaplan

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An extreme close-up of gleaming, industrial banking equipment and mechanisms, conveying the institutional financial underpinnings of the luxury resale market.The complex financial machinery behind the luxury resale industry faces increasing scrutiny as major investors reevaluate their stakes.San Francisco Today

Allspring Global Investments Holdings LLC, a major institutional investor, has reduced its stake in The RealReal, Inc. (NASDAQ: REAL) by 53.8% during the fourth quarter of 2025. The firm previously owned 425,624 shares of the luxury resale platform, but has now sold off nearly 500,000 shares.

Why it matters

The RealReal has faced challenges in recent years as it navigates the evolving luxury resale market. This significant reduction in ownership by a major institutional investor could signal broader concerns about the company's long-term prospects among the financial community.

The details

According to a recent 13F filing, Allspring Global Investments sold 494,741 shares of The RealReal stock during the fourth quarter of 2025. The firm now owns 425,624 shares, representing about 0.36% of the company's outstanding stock. The RealReal, an online marketplace for authenticated luxury goods, has struggled with profitability and faced increased competition from rivals like Poshmark and ThredUp.

  • Allspring Global Investments reduced its stake in The RealReal during the fourth quarter of 2025.
  • The firm previously owned 425,624 shares of The RealReal as of the end of the reporting period.

The players

Allspring Global Investments Holdings LLC

A major institutional investment firm that has reduced its stake in The RealReal by over 50%.

The RealReal, Inc.

An online luxury resale platform that has faced challenges in recent years as it navigates the evolving secondhand luxury market.

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The takeaway

This reduction in ownership by a prominent institutional investor highlights the ongoing uncertainty surrounding The RealReal's long-term viability in the competitive luxury resale space. As the company continues to navigate industry headwinds, its ability to attract and retain major financial backers will be a key indicator of its future prospects.