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Optimist Fund's investment thesis on ThredUp ($TDUP) — Q3 2025 | Buyside Digest

$TDUPNASDAQThredUp

BULL

Optimist Fund—TDUP

Fund Letter

Q3 2025

Published October 21, 2025

$2.12USD

-22.1% vs last month

$8.93Pitched

-76.3% since pitch

Market Cap$412.8M

P/E (TTM)N/A

52-Wk RangeN/A

Div. YieldN/A

In Q3 2025, the Optimist Fund gained +9.1% compared to 7.9% for its benchmark, bringing its YTD returns to 44.5%. Major performance contributors...

— Jordan McNamee

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Other investors who've written on ThredUp

ThredUp's share price has been extremely weak over the past six months despite continued strength in the underlying business.