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 ($149.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $97.61. Options: 54 managers hold calls ($955.6m notional), 47 hold puts ($1.2bn).
Trends to Q2 2024
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 |
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 |
| Q3 2023 | 430 | 407 |
| Q4 2023 | 436 | 403 |
| Q1 2024 | 486 | 418 |
| Q2 2024 | 551 | 396 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $794.3m | $792.4m | 1.00 |
| Q4 2023 | $739.0m | $771.1m | 1.04 |
| Q1 2024 | $933.5m | $1.2bn | 1.24 |
| Q2 2024 | $955.6m | $1.2bn | 1.26 |
Biggest buyers
| JPMORGAN CHASE & CO | Added | +5.3m |
| EDGEWOOD MANAGEMENT LLC | New | +4.3m |
| JENNISON ASSOCIATES LLC | Added | +4.0m |
| LORD, ABBETT & CO. LLC | Added | +2.6m |
| WELLINGTON MANAGEMENT GROUP LLP | New | +997.5k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +884.3k |
| MARSHALL WACE, LLP | Added | +872.6k |
| VANGUARD GROUP INC | Added | +793.1k |
| TWINBEECH CAPITAL LP | New | +673.4k |
| BlackRock Inc. | Added | +589.6k |
Biggest sellers
| MORGAN STANLEY | Reduced | -42.6m |
| BAILLIE GIFFORD & CO | Reduced | -1.5m |
| GOLDMAN SACHS GROUP INC | Reduced | -1.4m |
| CITADEL ADVISORS LLC | Reduced | -1.2m |
| D. E. Shaw & Co., Inc. | Reduced | -1.2m |
| JANE STREET GROUP, LLC | Reduced | -896.2k |
| Qube Research & Technologies Ltd | Reduced | -813.2k |
| Ensign Peak Advisors, Inc | Reduced | -568.6k |
| Balyasny Asset Management L.P. | Reduced | -495.2k |
| JUPITER ASSET MANAGEMENT LTD | Sold out | -480.1k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $171.2m1.8m shares |
| CITADEL ADVISORS LLC | Reduced | $156.4m1.6m shares |
| One River Asset Management, LLC | Added | $82.5m844.9k shares |
| IMC-Chicago, LLC | Added | $53.2m545.1k shares |
| JANE STREET GROUP, LLC | Reduced | $47.4m484.8k shares |
| PEAK6 Investments LLC | Reduced | $40.2m411.3k shares |
| D. E. Shaw & Co., Inc. | Added | $37.9m388.2k shares |
| Twin Tree Management, LP | Added | $34.7m354.8k shares |
| SIMPLEX TRADING, LLC | Reduced | $33.8m345.8k shares |
| Walleye Trading LLC | Reduced | $27.5m281.7k shares |
Biggest puts
| Twin Tree Management, LP | Added | $160.6m1.6m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $144.4m1.5m shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $127.5m1.3m shares |
| CITADEL ADVISORS LLC | Reduced | $94.1m963.0k shares |
| JANE STREET GROUP, LLC | Reduced | $92.2m944.5k shares |
| Walleye Trading LLC | Added | $53.2m545.2k shares |
| UBS Group AG | Reduced | $50.2m514.2k shares |
| One River Asset Management, LLC | Reduced | $48.5m496.9k shares |
| Walleye Capital LLC | Added | $39.0m399.1k shares |
| SIMPLEX TRADING, LLC | Reduced | $38.6m395.0k 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 2024
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 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 |
| Q3 2023 | 0 | — | 6 | $25.7m | $25.5m |
| Q4 2023 | 0 | — | 4 | $33.0m | $33.0m |
| Q1 2024 | 0 | — | 6 | $53.3m | $43.6m |
| Q2 2024 | 0 | — | 4 | $48.8m | $48.8m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-06-28 | GRANT JAY R Chief Legal Officer | Sold plan | $13.8m141.4k shares |
| 2024-06-21 | Rajaram Gokul Director | Sold plan | $236.5k2.4k shares |
| 2024-06-14 | Schenkein Laura Chief Financial Officer | Sold plan | $4.2m43.7k shares |
| 2024-04-30 | Green Jeffrey Terry President and CEO, director · See Footnote | Sold plan | $5.4m63.9k shares |
| 2024-04-29 | Green Jeffrey Terry President and CEO, director · See Footnote | Sold plan | $6.3m75.0k shares |
| 2024-04-26 | Green Jeffrey Terry President and CEO, director · See Footnote | Sold plan | $6.4m75.0k shares |
| 2024-04-15 | Green Jeffrey Terry President and CEO, director · See Footnote | Sold plan | $224.7k2.6k shares |
| 2024-04-04 | Green Jeffrey Terry President and CEO, director · See Footnote | Sold plan | $6.5m75.0k shares |
| 2024-04-03 | Green Jeffrey Terry President and CEO, director · See Footnote | Sold plan | $5.8m66.0k 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 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.08% of their portfolio | 42.3m $4.1bn | Added +793.1k |
| BAILLIE GIFFORD & CO 2.81% of their portfolio | 37.0m $3.6bn | Reduced -1.5m |
| JPMORGAN CHASE & CO 0.15% of their portfolio | 35.3m $3.4bn | Added +5.3m |
| BlackRock Inc. 0.05% of their portfolio | 24.4m $2.4bn | Added +589.6k |
| MORGAN STANLEY 0.15% of their portfolio | 19.7m $1.9bn | Reduced -42.6m |
| JENNISON ASSOCIATES LLC 1.15% of their portfolio | 18.3m $1.8bn | Added +4.0m |
| T. Rowe Price Investment Management, Inc. 0.92% of their portfolio | 14.9m $1.5bn | Added +84.8k |
| STATE STREET CORP 0.04% of their portfolio | 9.7m $950.9m | Reduced -221.9k |
| GEODE CAPITAL MANAGEMENT, LLC 0.07% of their portfolio | 8.2m $802.6m | Added +209.2k |
| Invesco Ltd. 0.15% of their portfolio | 7.5m $732.5m | Added +288.7k |
| NORGES BANK 0.07% of their portfolio | 4.8m $464.3m | Added +220.1k |
| EDGEWOOD MANAGEMENT LLC 1.13% of their portfolio | 4.3m $415.9m | New |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.04% of their portfolio | 3.2m $309.0m | Added +884.3k |
| D. E. Shaw & Co., Inc. 0.42% of their portfolio | 3.1m $301.9m | Reduced -1.2m |
| 1832 Asset Management L.P. 0.50% of their portfolio | 2.9m $278.6m | Added +270.8k |
| NORTHERN TRUST CORP 0.05% of their portfolio | 2.8m $275.3m | Added +130.9k |
| LORD, ABBETT & CO. LLC 0.45% of their portfolio | 2.8m $273.8m | Added +2.6m |
| MILLENNIUM MANAGEMENT LLC 0.22% of their portfolio | 2.8m $272.7m | Added +109.2k |
| BANK OF AMERICA CORP /DE/ 0.03% of their portfolio | 2.7m $263.0m | Added +43.4k |
| FMR LLC 0.02% of their portfolio | 2.6m $252.3m | Added +95.3k |
| MACQUARIE GROUP LTD 0.28% of their portfolio | 2.5m $246.9m | Reduced -380.5k |
| Jericho Capital Asset Management L.P. 7.11% of their portfolio | 2.4m $236.3m | Unchanged |
| AMERIPRISE FINANCIAL INC 0.06% of their portfolio | 2.3m $220.3m | Reduced -49.9k |
| ZEVENBERGEN CAPITAL INVESTMENTS LLC 4.70% of their portfolio | 2.2m $219.4m | Reduced -145.0k |
| VOYA INVESTMENT MANAGEMENT LLC 0.20% of their portfolio | 2.1m $203.2m | Added +80.1k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.06% of their portfolio | 2.0m $199.4m | Added +441.5k |
| Bank of New York Mellon Corp 0.04% of their portfolio | 2.0m $197.9m | Added +2.1k |
| Amundi 0.08% of their portfolio | 2.0m $196.1m | Reduced -408.4k |
| Legal & General Group Plc 0.05% of their portfolio | 2.0m $191.4m | Reduced -15.6k |
| Nuveen Asset Management, LLC 0.06% of their portfolio | 1.9m $189.6m | Added +340.7k |
| BAMCO INC /NY/ 0.53% of their portfolio | 1.9m $183.6m | Reduced -21.4k |
| ARK Investment Management LLC 1.58% of their portfolio | 1.8m $177.6m | Reduced -239.0k |
| Sumitomo Mitsui Trust Group, Inc. 0.13% of their portfolio | 1.8m $171.3m | Reduced -144.6k |
| GOLDMAN SACHS GROUP INC 0.03% of their portfolio | 1.7m $170.7m | Reduced -1.4m |
| WELLS FARGO & COMPANY/MN 0.04% of their portfolio | 1.7m $170.3m | Added +295.2k |
| MARSHALL WACE, LLP 0.24% of their portfolio | 1.7m $170.3m | Added +872.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.03% of their portfolio | 1.7m $169.8m | Added +71.9k |
| VICTORY CAPITAL MANAGEMENT INC 0.16% of their portfolio | 1.6m $159.2m | Added +177.8k |
| TD Asset Management Inc 0.15% of their portfolio | 1.6m $155.5m | Added +153.7k |
| AMERICAN CENTURY COMPANIES INC 0.09% of their portfolio | 1.6m $154.1m | Added +159.9k |
| EAGLE ASSET MANAGEMENT INC 0.75% of their portfolio | 1.4m $139.8m | Reduced -70.0k |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 0.33% of their portfolio | 1.4m $136.8m | Reduced -48.0k |
| TCW GROUP INC 1.21% of their portfolio | 1.4m $135.6m | Added +33.0k |
| LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA 1.27% of their portfolio | 1.4m $138.0m | Reduced -28.9k |
| Swiss National Bank 0.09% of their portfolio | 1.3m $128.6m | Reduced -19.6k |
| EVENTIDE ASSET MANAGEMENT, LLC 2.18% of their portfolio | 1.3m $127.3m | Reduced -210.6k |
| ROYAL BANK OF CANADA 0.03% of their portfolio | 1.2m $121.0m | Added +208.5k |
| Mitsubishi UFJ Trust & Banking Corp 0.26% of their portfolio | 1.1m $110.5m | Reduced -167.1k |
| NOMURA ASSET MANAGEMENT CO LTD 0.35% of their portfolio | 1.1m $103.9m | Added +527.8k |
| US BANCORP \DE\ 0.13% of their portfolio | 1.0m $99.0m | Added +43.1k |
| CONGRESS ASSET MANAGEMENT CO 0.70% of their portfolio | 1.0m $98.0m | Added +19.4k |
| WELLINGTON MANAGEMENT GROUP LLP 0.02% of their portfolio | 997.5k $97.4m | New |
| PARNASSUS INVESTMENTS, LLC 0.21% of their portfolio | 995.5k $97.2m | Reduced -124.3k |
| Williams Jones Wealth Management, LLC. 1.18% of their portfolio | 974.4k $95.2m | Reduced -5.0k |
| STEADFAST CAPITAL MANAGEMENT LP 2.22% of their portfolio | 954.2k $93.2m | Reduced -28.8k |
| UBS Group AG 0.03% of their portfolio | 954.2k $93.2m | Added +75.1k |
| Polar Capital Holdings Plc 0.53% of their portfolio | 917.5k $89.6m | Reduced -103.6k |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.80% of their portfolio | 830.8k $81.1m | Added +81.8k |
| NORDEA INVESTMENT MANAGEMENT AB 0.09% of their portfolio | 769.8k $74.9m | Added +86.2k |
| DEUTSCHE BANK AG\ 0.03% of their portfolio | 764.1k $74.6m | Reduced -39.8k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 761.0k $74.3m | Reduced -3.7k |
| Amova Asset Management Americas, Inc. 0.85% of their portfolio | 756.8k $73.9m | Reduced -50.7k |
| California Public Employees Retirement System 0.05% of their portfolio | 748.6k $73.1m | Reduced -17.9k |
| NICHOLAS COMPANY, INC. 1.20% of their portfolio | 736.6k $71.9m | Reduced -108.2k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.27% of their portfolio | 733.3k $71.6m | Reduced -105.8k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.08% of their portfolio | 709.4k $69.3m | Added +5.1k |
| LPL Financial LLC 0.03% of their portfolio | 677.0k $66.1m | Added +35.7k |
| ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio | 676.9k $66.1m | Added +45.6k |
| TWINBEECH CAPITAL LP 1.29% of their portfolio | 673.4k $65.8m | New |
| CIBC Private Wealth Group LLC 0.12% of their portfolio | 669.1k $66.3m | Added +59.7k |
| Allspring Global Investments Holdings, LLC 0.10% of their portfolio | 649.0k $63.4m | Added +7.6k |
| BANK OF MONTREAL /CAN/ 0.02% of their portfolio | 644.8k $63.1m | Added +243.8k |
| FIRST TRUST ADVISORS LP 0.06% of their portfolio | 643.9k $62.9m | Added +70.6k |
| BARCLAYS PLC 0.03% of their portfolio | 640.2k $62.5m | Reduced -101.9k |
| National Pension Service 0.07% of their portfolio | 629.5k $61.5m | Reduced -48.9k |
| RHUMBLINE ADVISERS 0.06% of their portfolio | 611.6k $59.7m | Reduced -23.1k |
| NEUBERGER BERMAN GROUP LLC 0.05% of their portfolio | 606.9k $59.3m | Added +43.8k |
| STRS OHIO 0.23% of their portfolio | 583.5k $57.0m | Added +50.0k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.06% of their portfolio | 579.4k $56.6m | Added +71.1k |
| JANE STREET GROUP, LLC 0.06% of their portfolio | 564.1k $55.1m | Reduced -896.2k |
| SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC 2.53% of their portfolio | 561.8k $54.9m | Reduced -139.1k |
| Chicago Capital, LLC 1.53% of their portfolio | 527.9k $51.6m | Added +53.6k |
| WESTFIELD CAPITAL MANAGEMENT CO LP 0.25% of their portfolio | 512.8k $50.1m | New |
| BNP PARIBAS FINANCIAL MARKETS 0.05% of their portfolio | 489.6k $47.8m | Reduced -124.0k |
| MISSION WEALTH MANAGEMENT, LP 1.28% of their portfolio | 483.1k $47.2m | Reduced -30.6k |
| Clearbridge Investments, LLC 0.04% of their portfolio | 479.0k $46.8m | Added +23.1k |
| FRED ALGER MANAGEMENT, LLC 0.22% of their portfolio | 462.6k $45.2m | Added +241.2k |
| ACADIAN ASSET MANAGEMENT LLC 0.14% of their portfolio | 449.0k $43.8m | Added +438.0k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.08% of their portfolio | 442.6k $43.2m | Added +58.5k |
| RIVERBRIDGE PARTNERS LLC 0.59% of their portfolio | 442.2k $43.2m | Reduced -5.9k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.08% of their portfolio | 439.0k $42.9m | Reduced -46.6k |
| PEREGRINE CAPITAL MANAGEMENT LLC 1.25% of their portfolio | 437.7k $42.7m | Added +57.1k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.10% of their portfolio | 433.9k $42.4m | First filing |
| RAYMOND JAMES & ASSOCIATES 0.03% of their portfolio | 421.4k $41.2m | Added +172.5k |
| NATIXIS ADVISORS, LLC 0.09% of their portfolio | 420.0k $41.0m | Reduced -115.7k |
| CITIGROUP INC 0.04% of their portfolio | 384.5k $37.6m | Added +72.6k |
| ProShare Advisors LLC 0.10% of their portfolio | 382.6k $37.4m | Reduced -51.9k |
| PANAGORA ASSET MANAGEMENT INC 0.19% of their portfolio | 378.1k $36.9m | Added +229.3k |
| PRIMECAP MANAGEMENT CO/CA/ 0.03% of their portfolio | 374.1k $36.5m | Reduced -158.9k |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.32% of their portfolio | 367.7k $35.9m | Reduced -23.5k |