THE TRADE DESK INC TTD
COM CL A · Common Stock · CUSIP 88339J105 · ISIN US88339J1051
American technology company
- SectorTechnology
- IndustryServices-Computer Programming, Data Processing, Etc.
- HeadquartersVentura, CA
- Founded2009
- Websitethetradedesk.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($49.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $18.09. Options: 48 managers hold calls ($600.2m notional), 36 hold puts ($510.1m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 742 |
| Q4 2022 | 737 |
| Q1 2023 | 776 |
| Q2 2023 | 862 |
| Q3 2023 | 899 |
| Q4 2023 | 927 |
| Q1 2024 | 966 |
| Q2 2024 | 1,021 |
| Q3 2024 | 1,060 |
| Q4 2024 | 1,210 |
| Q1 2025 | 1,051 |
| Q2 2025 | 1,075 |
| Q3 2025 | 962 |
| Q4 2025 | 944 |
| Q1 2026 | 778 |
| Q2 2026 | 684 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 513 | 449 |
| Q4 2024 | 581 | 432 |
| Q1 2025 | 565 | 633 |
| Q2 2025 | 569 | 498 |
| Q3 2025 | 485 | 586 |
| Q4 2025 | 369 | 580 |
| Q1 2026 | 376 | 524 |
| Q2 2026 | 319 | 448 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $1.8bn | $1.8bn | 1.04 |
| Q4 2025 | $1.2bn | $1.3bn | 1.06 |
| Q1 2026 | $774.7m | $680.3m | 0.88 |
| Q2 2026 | $600.2m | $510.1m | 0.85 |
Biggest buyers
| Jericho Capital Asset Management L.P. | New | +9.4m |
| Alyeska Investment Group, L.P. | Added | +5.5m |
| Invesco Ltd. | Added | +5.4m |
| GOLDMAN SACHS GROUP INC | Added | +4.7m |
| Amundi | Added | +3.4m |
| D. E. Shaw & Co., Inc. | Added | +3.3m |
| FEDERATED HERMES, INC. | Added | +3.2m |
| TWO SIGMA INVESTMENTS, LP | Added | +2.9m |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +2.1m |
| Assenagon Asset Management S.A. | Added | +2.0m |
Biggest sellers
| STATE STREET CORP | Reduced | -13.6m |
| BlackRock, Inc. | Reduced | -4.9m |
| WORLDQUANT MILLENNIUM ADVISORS LLC | Reduced | -3.6m |
| VANGUARD PORTFOLIO MANAGEMENT LLC | Reduced | -3.1m |
| MARSHALL WACE, LLP | Reduced | -2.0m |
| JACOBS LEVY EQUITY MANAGEMENT, INC | Reduced | -1.8m |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | Reduced | -1.8m |
| BARCLAYS PLC | Reduced | -1.4m |
| Legal & General Group Plc | Reduced | -1.4m |
| BANK OF NOVA SCOTIA | Sold out | -1.4m |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $167.0m9.2m shares |
| CITADEL ADVISORS LLC | Reduced | $101.5m5.6m shares |
| JANE STREET GROUP, LLC | Added | $82.1m4.5m shares |
| IMC-Chicago, LLC | Reduced | $32.0m1.8m shares |
| Qube Research & Technologies Ltd | Reduced | $22.2m1.2m shares |
| PEAK6 LLC | Added | $19.3m1.1m shares |
| SIMPLEX TRADING, LLC | Reduced | $17.0m941.8k shares |
| Freemont Management S.A. | Added | $16.3m900.0k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $14.2m783.0k shares |
| Point72 Asset Management, L.P. | Reduced | $14.1m780.7k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $120.0m6.6m shares |
| JANE STREET GROUP, LLC | Reduced | $92.9m5.1m shares |
| CITADEL ADVISORS LLC | Added | $59.6m3.3m shares |
| IMC-Chicago, LLC | Added | $30.8m1.7m shares |
| MARSHALL WACE, LLP | Added | $27.5m1.5m shares |
| Point72 Asset Management, L.P. | Reduced | $24.7m1.4m shares |
| PEAK6 LLC | Reduced | $18.1m999.5k shares |
| D. E. Shaw & Co., Inc. | Reduced | $17.1m946.6k shares |
| Qube Research & Technologies Ltd | Reduced | $12.9m711.7k shares |
| SIMPLEX TRADING, LLC | Reduced | $12.1m669.9k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| BlackRock, Inc. 13G · institution +3.8 pts · filed 2026-10-05 | 11.4% |
| Green Jeffrey Terry 13G · exempt (held before listing) filed 2026-05-15 | 11.3% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 7.6% |
Fell to 5% or below in the last year: STATE STREET CORP (3.3%, 2026-10-07), VANGUARD PORTFOLIO MANAGEMENT LLC (4.6%, 2026-07-31; now reported by VANGUARD CAPITAL MANAGEMENT LLC), BAILLIE GIFFORD & CO (0.0%, 2026-04-02), VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 5 | $69.9m | $69.9m |
| Q1 2025 | 0 | — | 2 | $182.4m | $182.4m |
| Q2 2025 | 0 | — | 3 | $5.5m | $3.2m |
| Q3 2025 | 0 | — | 2 | $4.7m | $4.7m |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 1 | $148.1m | 1 | $4.7m | — |
| Q2 2026 | 0 | — | 1 | $1.1m | — |
| Q3 2026 | 0 | — | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-05-28 | Jacobson Samantha Director | Sold | $1.1m53.7k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.01% of their portfolio | 32.7m $590.6m | Reduced -4.9m |
| STATE STREET CORP 0.02% of their portfolio | 31.3m $565.6m | Reduced -13.6m |
| VANGUARD CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 27.9m $504.4m | Reduced -745.6k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.02% of their portfolio | 19.4m $350.4m | Reduced -3.1m |
| TWO SIGMA INVESTMENTS, LP 0.23% of their portfolio | 17.1m $308.3m | Added +2.9m |
| GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 16.1m $291.5m | Added +2.1m |
| Invesco Ltd. 0.02% of their portfolio | 13.8m $248.8m | Added +5.4m |
| GOLDMAN SACHS GROUP INC 0.03% of their portfolio | 13.5m $243.5m | Added +4.7m |
| Alyeska Investment Group, L.P. 0.52% of their portfolio | 11.1m $201.0m | Added +5.5m |
| FEDERATED HERMES, INC. 0.28% of their portfolio | 10.9m $196.7m | Added +3.2m |
| MORGAN STANLEY 0.01% of their portfolio | 9.8m $178.1m | Added +1.1m |
| Jericho Capital Asset Management L.P. 1.40% of their portfolio | 9.4m $169.9m | New |
| D. E. Shaw & Co., Inc. 0.09% of their portfolio | 8.0m $145.5m | Added +3.3m |
| RENAISSANCE TECHNOLOGIES LLC 0.17% of their portfolio | 7.0m $127.0m | Added +1.6m |
| Amundi 0.03% of their portfolio | 6.5m $117.0m | Added +3.4m |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.48% of their portfolio | 6.3m $113.4m | Added +744.0k |
| BNP PARIBAS FINANCIAL MARKETS 0.06% of their portfolio | 6.0m $107.8m | Added +1.8m |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 5.6m $101.7m | Added +1.1m |
| Assenagon Asset Management S.A. 0.06% of their portfolio | 5.2m $93.7m | Added +2.0m |
| CITIGROUP INC 0.04% of their portfolio | 4.9m $89.1m | Added +18.4k |
| DEUTSCHE BANK AG\ 0.02% of their portfolio | 4.4m $79.2m | Added +1.2m |
| MILLENNIUM MANAGEMENT LLC 0.05% of their portfolio | 4.2m $76.1m | Reduced -703.2k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 3.8m $68.7m | Added +294.2k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 3.5m $63.8m | Reduced -392.1k |
| BARCLAYS PLC 0.02% of their portfolio | 3.2m $58.6m | Reduced -1.4m |
| CITADEL ADVISORS LLC 0.03% of their portfolio | 3.1m $56.3m | Reduced -254.1k |
| UBS Group AG 0.01% of their portfolio | 3.1m $56.1m | Reduced -439.7k |
| NORGES BANK 0.00% of their portfolio | 2.6m $46.8m | Not comparable |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.04% of their portfolio | 2.5m $45.3m | Added +235.6k |
| VANGUARD FIDUCIARY TRUST CO 0.01% of their portfolio | 2.4m $43.6m | Reduced -130.5k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 2.2m $39.7m | Added +11.5k |
| SG Americas Securities, LLC 0.02% of their portfolio | 2.2m $39.4m | Added +1.3m |
| WORLDQUANT MILLENNIUM ADVISORS LLC 0.13% of their portfolio | 2.1m $38.0m | Reduced -3.6m |
| CAPITAL FUND MANAGEMENT S.A. 0.23% of their portfolio | 1.8m $32.8m | Added +1.6m |
| ACADIAN ASSET MANAGEMENT LLC 0.04% of their portfolio | 1.7m $30.8m | Reduced -533.5k |
| FMR LLC 0.00% of their portfolio | 1.6m $29.8m | Reduced -1.0m |
| JANE STREET GROUP, LLC 0.02% of their portfolio | 1.5m $27.5m | Added +1.1m |
| CANADA PENSION PLAN INVESTMENT BOARD 0.02% of their portfolio | 1.5m $27.3m | Reduced -455.6k |
| Squarepoint Ops LLC 0.05% of their portfolio | 1.5m $27.2m | Reduced -434.6k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 1.4m $25.8m | Added +427.8k |
| COATUE MANAGEMENT LLC 0.05% of their portfolio | 1.4m $25.1m | Unchanged |
| Clear Street Group Inc. 0.08% of their portfolio | 1.4m $24.8m | Added +669.7k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.09% of their portfolio | 1.4m $24.5m | Reduced -1.8m |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.3m $24.7m | Reduced -1.1m |
| NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio | 1.2m $22.2m | Added +1.2m |
| Nuveen, LLC 0.01% of their portfolio | 1.2m $21.9m | Added +151.3k |
| Qube Research & Technologies Ltd 0.02% of their portfolio | 1.2m $21.6m | Added +845.4k |
| OMERS ADMINISTRATION Corp 0.13% of their portfolio | 1.2m $21.1m | Added +1.1m |
| Legal & General Group Plc 0.00% of their portfolio | 1.2m $20.8m | Reduced -1.4m |
| NATIXIS 0.10% of their portfolio | 1.1m $20.4m | Added +788.3k |
| IMC-Chicago, LLC 0.19% of their portfolio | 1.1m $20.2m | Added +589.1k |
| Voleon Capital Management LP 0.36% of their portfolio | 1.1m $19.9m | Added +79.2k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 1.1m $19.8m | Reduced -863.6k |
| Vanguard Global Advisers, LLC 0.01% of their portfolio | 1.0m $18.6m | Added +62.3k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.01% of their portfolio | 1.0m $18.6m | Added +261.0k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 1.0m $18.1m | Reduced -446.2k |
| Quantinno Capital Management LP 0.02% of their portfolio | 979.3k $17.7m | Reduced -517.5k |
| Distillate Capital Partners LLC 0.82% of their portfolio | 868.3k $15.7m | Added +337.7k |
| Jump Financial, LLC 0.14% of their portfolio | 865.8k $15.7m | Added +2.7k |
| Trexquant Investment LP 0.10% of their portfolio | 860.1k $15.6m | Added +469.4k |
| Susquehanna Portfolio Strategies, LLC 0.25% of their portfolio | 850.2k $15.4m | Added +726.0k |
| Swiss National Bank 0.01% of their portfolio | 836.2k $15.1m | Reduced -456.0k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 824.6k $14.9m | Reduced -123.5k |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 822.1k $14.8m | Reduced -261.5k |
| PFA Pension, Forsikringsaktieselskab 0.04% of their portfolio | 797.2k $14.4m | Added +348.1k |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 791.2k $14.3m | Added +320.2k |
| FORA Capital, LLC 0.96% of their portfolio | 774.9k $14.0m | Added +181.5k |
| LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA 0.14% of their portfolio | 772.7k $14.0m | Reduced -148.6k |
| California Public Employees Retirement System 0.01% of their portfolio | 750.4k $13.6m | Added +45.4k |
| PRIMECAP MANAGEMENT CO/CA/ 0.01% of their portfolio | 732.5k $13.2m | Reduced -500.1k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 646.7k $11.7m | Added +494 |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 604.6k $10.9m | Added +255.1k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 603.7k $10.9m | Reduced -429.1k |
| VEGA INVESTMENT SOLUTIONS 1.45% of their portfolio | 566.2k $10.2m | New |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 561.5k $10.2m | Reduced -149.5k |
| HRT FINANCIAL LP 0.02% of their portfolio | 544.3k $9.8m | Added +340.2k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.01% of their portfolio | 533.0k $9.6m | Reduced -462.6k |
| Nearwater Capital Markets, Ltd 0.17% of their portfolio | 532.0k $9.6m | New |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 526.5k $11.9m | Added +77.3k |
| Pacer Advisors, Inc. 0.02% of their portfolio | 508.7k $9.2m | Added +137.2k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 505.4k $9.1m | Reduced -27.7k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 481.4k $8.7m | Reduced -186.6k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.02% of their portfolio | 460.3k $8.3m | Added +49.1k |
| Caisse de depot et placement du Quebec 0.01% of their portfolio | 456.9k $8.3m | Added +224.0k |
| Y-Intercept (Hong Kong) Ltd 0.16% of their portfolio | 452.4k $8.2m | Added +365.2k |
| ALGERT GLOBAL LLC 0.09% of their portfolio | 417.6k $7.5m | Added +377.7k |
| GLENMEDE TRUST CO NA 0.03% of their portfolio | 409.4k $7.4m | Reduced -19.6k |
| Walleye Capital LLC 0.03% of their portfolio | 392.4k $7.1m | Added +346.5k |
| Man Group plc 0.01% of their portfolio | 388.1k $7.0m | Reduced -425.1k |
| LPL Financial LLC 0.00% of their portfolio | 386.6k $7.0m | Reduced -95.1k |
| PEAK6 LLC 0.17% of their portfolio | 385.7k $7.0m | Reduced -46.3k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.01% of their portfolio | 380.6k $6.9m | Reduced -12.2k |
| CAXTON ASSOCIATES LLP 0.13% of their portfolio | 380.3k $6.9m | Added +181.6k |
| VAN ECK ASSOCIATES CORP 0.00% of their portfolio | 377.4k $6.8m | Added +316.8k |
| SIH Partners, LLLP 0.28% of their portfolio | 374.0k $6.8m | New |
| NATIONAL BANK OF CANADA /FI/ 0.01% of their portfolio | 370.8k $6.7m | Added +6.2k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio | 370.1k $6.7m | Reduced -31.8k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.01% of their portfolio | 364.9k $6.6m | Added +337.2k |
| Gotham Asset Management, LLC 0.01% of their portfolio | 349.4k $6.3m | Added +209.3k |
| JACOBSON & SCHMITT ADVISORS, LLC 1.01% of their portfolio | 342.3k $6.2m | Added +17.4k |