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 ($32.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $77.12. Options: 35 managers hold calls ($761.8m notional), 33 hold puts ($726.5m).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 742 |
| Q4 2022 | 737 |
| Q1 2023 | 776 |
| Q2 2023 | 862 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 335 | 369 |
| Q1 2023 | 392 | 336 |
| Q2 2023 | 412 | 360 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $866.6m | $976.0m | 1.13 |
| Q4 2022 | $714.3m | $625.5m | 0.88 |
| Q1 2023 | $655.1m | $827.4m | 1.26 |
| Q2 2023 | $761.8m | $726.5m | 0.95 |
Biggest buyers
| Invesco Ltd. | Added | +1.7m |
| JANE STREET GROUP, LLC | Added | +1.1m |
| Balyasny Asset Management L.P. | New | +867.1k |
| MARSHALL WACE, LLP | Added | +834.3k |
| CIBC Private Wealth Group LLC | Added | +806.9k |
| NORGES BANK | Added | +748.7k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | +680.8k |
| MILLENNIUM MANAGEMENT LLC | Added | +673.9k |
| HRT FINANCIAL LP | New | +660.8k |
| BlackRock Inc. | Added | +499.2k |
Biggest sellers
| FMR LLC | Reduced | -3.2m |
| Harding Loevner LP | Sold out | -2.7m |
| MORGAN STANLEY | Reduced | -2.1m |
| BANK OF AMERICA CORP /DE/ | Reduced | -1.0m |
| D. E. Shaw & Co., Inc. | Reduced | -940.0k |
| STRS OHIO | Reduced | -889.4k |
| ENVESTNET ASSET MANAGEMENT INC | Reduced | -652.8k |
| RENAISSANCE TECHNOLOGIES LLC | Sold out | -482.6k |
| NORDEA INVESTMENT MANAGEMENT AB | Reduced | -460.7k |
| Schonfeld Strategic Advisors LLC | Reduced | -443.9k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $184.0m2.4m shares |
| CITADEL ADVISORS LLC | Reduced | $132.9m1.7m shares |
| PEAK6 Investments LLC | Added | $80.7m1.0m shares |
| JANE STREET GROUP, LLC | Added | $60.0m776.8k shares |
| Squarepoint Ops LLC | Added | $53.8m696.7k shares |
| Walleye Trading LLC | Added | $43.4m562.2k shares |
| SIMPLEX TRADING, LLC | Reduced | $38.4m497.4k shares |
| IMC-Chicago, LLC | Reduced | $27.6m356.9k shares |
| D. E. Shaw & Co., Inc. | Added | $26.1m337.9k shares |
| CTC LLC | Reduced | $24.8m3.2k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $175.0m2.3m shares |
| CITADEL ADVISORS LLC | Reduced | $93.8m1.2m shares |
| JANE STREET GROUP, LLC | Added | $50.8m658.0k shares |
| Walleye Trading LLC | Reduced | $50.0m647.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $44.9m581.0k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $43.4m562.1k shares |
| Squarepoint Ops LLC | Added | $39.7m514.6k shares |
| PEAK6 Investments LLC | Reduced | $38.0m491.7k shares |
| WOLVERINE TRADING, LLC | Added | $24.4m315.0k shares |
| CLEAR STREET LLC | New | $22.8m295.8k 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 in Q2 2023
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 |
|---|---|---|---|---|---|
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 4 | $37.2m | — |
| Q1 2022 | 0 | — | 2 | $2.3m | — |
| Q2 2022 | 1 | $801.7k | 0 | — | — |
| Q3 2022 | 0 | — | 1 | $351.7k | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 0 | — | 2 | $98.9m | $69.8m |
| Q2 2023 | 0 | — | 6 | $6.6m | $4.7m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2023-06-21 | Rajaram Gokul Director | Sold plan | $227.8k3.0k shares |
| 2023-06-15 | GRANT JAY R Chief Legal Officer | Sold plan | $419.2k5.5k shares |
| 2023-06-13 | Buyer Lise J Director | Sold | $304.4k4.0k shares |
| 2023-06-09 | Buyer Lise J Director | Sold | $752.0k10.0k shares |
| 2023-06-08 | Buyer Lise J Director | Sold | $751.2k10.0k shares |
| 2023-06-07 | Cunningham Andrea Lee Director | Sold | $146.0k1.9k shares |
| 2023-06-01 | Pickles David Randall Chief Technology Officer, director | Sold plan | $149.8k2.1k shares |
| 2023-05-30 | Pickles David Randall Chief Technology Officer, director | Sold plan | $1.6m22.3k shares |
| 2023-05-30 | WELLS DAVID B Director | Sold plan | $1.4m20.0k shares |
| 2023-05-30 | Rajaram Gokul Director | Sold plan | $207.0k3.0k shares |
| 2023-05-15 | Pickles David Randall Chief Technology Officer, director | Sold plan | $125.8k2.0k shares |
| 2023-05-01 | Pickles David Randall Chief Technology Officer, director | Sold plan | $131.2k2.1k shares |
| 2023-04-19 | Rajaram Gokul Director | Sold plan | $182.7k3.0k shares |
| 2023-04-17 | Pickles David Randall Chief Technology Officer, director | Sold plan | $122.6k2.0k shares |
| 2023-04-03 | Pickles David Randall Chief Technology Officer, director | Sold plan | $123.0k2.0k 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 2023
| Manager | Shares | Change |
|---|---|---|
| BAILLIE GIFFORD & CO 2.99% of their portfolio | 45.5m $3.5bn | Reduced -340.0k |
| VANGUARD GROUP INC 0.08% of their portfolio | 41.1m $3.2bn | Reduced -29.8k |
| MORGAN STANLEY 0.25% of their portfolio | 33.2m $2.6bn | Reduced -2.1m |
| BlackRock Inc. 0.05% of their portfolio | 22.3m $1.7bn | Added +499.2k |
| JPMORGAN CHASE & CO 0.17% of their portfolio | 19.4m $1.5bn | Reduced -201.1k |
| T. Rowe Price Investment Management, Inc. 0.78% of their portfolio | 14.8m $1.1bn | Added +337.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.14% of their portfolio | 12.9m $994.2m | Reduced -208.9k |
| STATE STREET CORP 0.04% of their portfolio | 8.9m $684.7m | Reduced -73.7k |
| JENNISON ASSOCIATES LLC 0.47% of their portfolio | 7.4m $569.0m | Reduced -329.1k |
| GEODE CAPITAL MANAGEMENT, LLC 0.06% of their portfolio | 6.4m $495.3m | Added +178.7k |
| Invesco Ltd. 0.11% of their portfolio | 5.4m $415.6m | Added +1.7m |
| VOYA INVESTMENT MANAGEMENT LLC 0.35% of their portfolio | 4.4m $337.7m | Reduced -213.7k |
| GOLDMAN SACHS GROUP INC 0.08% of their portfolio | 4.3m $329.6m | Added +404.2k |
| 1832 Asset Management L.P. 0.51% of their portfolio | 3.4m $262.1m | Reduced -243.5k |
| LORD, ABBETT & CO. LLC 0.44% of their portfolio | 3.3m $253.9m | Added +64.1k |
| MACQUARIE GROUP LTD 0.29% of their portfolio | 3.2m $250.5m | Reduced -288.6k |
| NORGES BANK 0.05% of their portfolio | 3.0m $232.1m | Added +748.7k |
| ZEVENBERGEN CAPITAL INVESTMENTS LLC 5.30% of their portfolio | 2.9m $222.6m | Reduced -356.4k |
| FMR LLC 0.02% of their portfolio | 2.9m $221.9m | Reduced -3.2m |
| NORTHERN TRUST CORP 0.04% of their portfolio | 2.8m $213.3m | Reduced -82.6k |
| Legal & General Group Plc 0.06% of their portfolio | 2.4m $182.6m | Added +9.4k |
| AMERIPRISE FINANCIAL INC 0.05% of their portfolio | 2.2m $170.0m | Reduced -372.1k |
| Amundi 0.09% of their portfolio | 2.2m $168.5m | Added +338.6k |
| Bank of New York Mellon Corp 0.03% of their portfolio | 2.0m $156.1m | Reduced -67.5k |
| FRED ALGER MANAGEMENT, LLC 0.79% of their portfolio | 2.0m $155.5m | Added +247.0k |
| BAMCO INC /NY/ 0.40% of their portfolio | 1.9m $143.8m | Added +15.5k |
| JANE STREET GROUP, LLC 0.19% of their portfolio | 1.8m $142.6m | Added +1.1m |
| TCW GROUP INC 1.57% of their portfolio | 1.8m $141.3m | Added +12.7k |
| Mitsubishi UFJ Trust & Banking Corp 0.32% of their portfolio | 1.8m $140.1m | Reduced -19.8k |
| BANK OF AMERICA CORP /DE/ 0.02% of their portfolio | 1.8m $139.9m | Reduced -1.0m |
| D. E. Shaw & Co., Inc. 0.22% of their portfolio | 1.8m $138.3m | Reduced -940.0k |
| Nuveen Asset Management, LLC 0.04% of their portfolio | 1.6m $127.4m | Added +55.0k |
| Swiss National Bank 0.08% of their portfolio | 1.6m $123.8m | Reduced -163.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.05% of their portfolio | 1.6m $96.9m | Unchanged |
| AMERICAN CENTURY COMPANIES INC 0.09% of their portfolio | 1.6m $120.5m | Reduced -17.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.03% of their portfolio | 1.6m $120.0m | Added +19.1k |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 0.33% of their portfolio | 1.5m $116.6m | Reduced -27.8k |
| WELLS FARGO & COMPANY/MN 0.03% of their portfolio | 1.5m $113.3m | Added +358.8k |
| LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA 1.21% of their portfolio | 1.5m $112.9m | Reduced -43.9k |
| TD Asset Management Inc 0.12% of their portfolio | 1.4m $106.4m | Added +28.6k |
| Sumitomo Mitsui Trust Group, Inc. 0.08% of their portfolio | 1.3m $103.5m | Reduced -167.6k |
| MARSHALL WACE, LLP 0.21% of their portfolio | 1.3m $98.3m | Added +834.3k |
| WESTWOOD MANAGEMENT CORP /IL/ 12.06% of their portfolio | 1.2m $93.6m | Reduced -188.2k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.14% of their portfolio | 1.1m $84.7m | Added +680.8k |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.75% of their portfolio | 1.0m $78.4m | Reduced -30.3k |
| EVENTIDE ASSET MANAGEMENT, LLC 1.31% of their portfolio | 1.0m $77.7m | Added +2.3k |
| SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC 3.92% of their portfolio | 1.0m $77.2m | Added +438.5k |
| Williams Jones Wealth Management, LLC. 1.15% of their portfolio | 993.2k $76.7m | Added +9.1k |
| Balyasny Asset Management L.P. 0.19% of their portfolio | 867.1k $67.0m | New |
| ROYAL BANK OF CANADA 0.02% of their portfolio | 856.8k $66.2m | Added +324.4k |
| CONGRESS ASSET MANAGEMENT CO 0.56% of their portfolio | 830.4k $64.1m | Added +52.1k |
| CIBC Private Wealth Group LLC 0.07% of their portfolio | 820.7k $63.4m | Added +806.9k |
| US BANCORP \DE\ 0.10% of their portfolio | 818.5k $63.2m | Reduced -49.2k |
| California Public Employees Retirement System 0.05% of their portfolio | 797.2k $61.6m | Reduced -33.5k |
| MILLENNIUM MANAGEMENT LLC 0.06% of their portfolio | 774.9k $59.8m | Added +673.9k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.08% of their portfolio | 717.8k $55.4m | Reduced -18.2k |
| NEUBERGER BERMAN GROUP LLC 0.05% of their portfolio | 690.5k $53.3m | Reduced -111.5k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 684.6k $52.9m | Added +11.7k |
| Korea Investment CORP 0.15% of their portfolio | 672.1k $51.9m | Reduced -226.2k |
| HRT FINANCIAL LP 0.49% of their portfolio | 660.8k $51.0m | New |
| VICTORY CAPITAL MANAGEMENT INC 0.06% of their portfolio | 660.7k $51.0m | Added +59.9k |
| PEREGRINE CAPITAL MANAGEMENT LLC 1.36% of their portfolio | 646.8k $49.9m | Reduced -7.2k |
| DEUTSCHE BANK AG\ 0.03% of their portfolio | 640.6k $49.5m | Added +69.1k |
| PRIMECAP MANAGEMENT CO/CA/ 0.04% of their portfolio | 637.0k $49.2m | Reduced -130.8k |
| National Pension Service 0.08% of their portfolio | 635.6k $49.2m | Reduced -22.8k |
| RHUMBLINE ADVISERS 0.05% of their portfolio | 615.1k $47.5m | Added +64.6k |
| ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio | 603.4k $46.6m | Reduced -652.8k |
| NATIXIS ADVISORS, LLC 0.14% of their portfolio | 572.8k $44.2m | Added +1.2k |
| LPL Financial LLC 0.03% of their portfolio | 509.1k $39.3m | Added +2.0k |
| MISSION WEALTH MANAGEMENT, LP 1.46% of their portfolio | 496.6k $38.3m | Added +172.7k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.05% of their portfolio | 496.1k $38.3m | Reduced -2.0k |
| STRS OHIO 0.16% of their portfolio | 478.6k $37.0m | Reduced -889.4k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.08% of their portfolio | 472.3k $36.5m | Reduced -13.3k |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.33% of their portfolio | 438.0k $33.8m | Unchanged |
| CREDIT SUISSE AG/ 0.03% of their portfolio | 431.9k $33.4m | Reduced -107 |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.05% of their portfolio | 426.2k $32.9m | Reduced -33.6k |
| NICHOLAS COMPANY, INC. 0.62% of their portfolio | 422.0k $32.6m | Added +27.0k |
| Qube Research & Technologies Ltd 0.12% of their portfolio | 405.9k $31.3m | Added +199.6k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 399.7k $30.9m | Added +32.5k |
| UBS Group AG 0.01% of their portfolio | 397.2k $30.7m | Reduced -164.3k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 393.3k $30.4m | Reduced -47.8k |
| OSAIC HOLDINGS, INC. 0.05% of their portfolio | 390.9k $30.2m | Added +13.0k |
| NORDEA INVESTMENT MANAGEMENT AB 0.04% of their portfolio | 384.8k $30.2m | Reduced -460.7k |
| BARCLAYS PLC 0.02% of their portfolio | 374.6k $28.9m | Added +22.7k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.04% of their portfolio | 359.3k $27.7m | Reduced -118.1k |
| FIRST TRUST ADVISORS LP 0.03% of their portfolio | 346.0k $26.7m | Added +9.0k |
| SEI INVESTMENTS CO 0.04% of their portfolio | 327.1k $25.3m | Reduced -18.7k |
| LOGAN CAPITAL MANAGEMENT INC 1.21% of their portfolio | 326.9k $25.2m | Reduced -13.1k |
| Allspring Global Investments Holdings, LLC 0.04% of their portfolio | 322.4k $24.9m | Added +64.1k |
| JAG CAPITAL MANAGEMENT, LLC 2.70% of their portfolio | 302.6k $23.4m | Added +11.0k |
| Arthedge Capital Management, LLC 18.75% of their portfolio | 296.0k $22.9m | Unchanged |
| CLEAR STREET LLC 0.54% of their portfolio | 295.8k $22.8m | New |
| PARNASSUS INVESTMENTS, LLC 0.05% of their portfolio | 285.4k $22.0m | Unchanged |
| FORTE CAPITAL LLC /ADV 3.11% of their portfolio | 279.4k $21.6m | Reduced -1.4k |
| CITADEL ADVISORS LLC 0.02% of their portfolio | 279.2k $21.6m | Added +221.8k |
| BNP PARIBAS FINANCIAL MARKETS 0.04% of their portfolio | 278.5k $21.5m | Added +170.6k |
| Amova Asset Management Americas, Inc. 0.23% of their portfolio | 277.4k $21.4m | Reduced -6.1k |
| BRAUN STACEY ASSOCIATES INC 0.97% of their portfolio | 271.4k $21.0m | New |
| State of New Jersey Common Pension Fund D 0.07% of their portfolio | 264.5k $20.4m | Unchanged |
| Ensign Peak Advisors, Inc 0.04% of their portfolio | 263.2k $20.3m | Added +24.7k |