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Trade Desk

1,046 hedge funds and large institutions have $18.9B invested in Trade Desk in 2025 Q1 according to their latest regulatory filings, with 146 funds opening new positions, 437 increasing their positions, 346 reducing their positions, and 291 closing their positions.

New
Increased
Maintained
Reduced
Closed

26% more repeat investments, than reductions

Existing positions increased: 437 | Existing positions reduced: 346

11% more call options, than puts

Call options by funds: $1,000M | Put options by funds: $905M

2.36% less ownership

Funds ownership: 78.88%76.52% (-2.4%)

13% less funds holding

Funds holding: 1,2091,046 (-163)

50% less first-time investments, than exits

New positions opened: 146 | Existing positions closed: 291

55% less capital invested

Capital invested by funds: $42B → $18.9B (-$23B)

64% less funds holding in top 10

Funds holding in top 10: 259 (-16)

Holders
1,046
Holders Change
-163
Holders Change %
-13.48%
% of All Funds
14.03%
Holding in Top 10
9
Holding in Top 10 Change
-16
Holding in Top 10 Change %
-64%
% of All Funds
0.12%
New
146
Increased
437
Reduced
346
Closed
291
Calls
$1,000M
Puts
$905M
Net Calls
+$95.1M
Net Calls Change
+$270M
Name Holding Trade Value Shares
Change
Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$2.42B +$142M +1,567,491 +4%
Baillie Gifford & Co
2
Baillie Gifford & Co
United Kingdom
$1.72B -$341M -3,764,987 -11%
BlackRock
3
BlackRock
New York
$1.48B -$236M -2,604,390 -9%
JP Morgan Chase
4
JP Morgan Chase
New York
$836M -$220M -2,430,911 -14%
Edgewood Management
5
Edgewood Management
Connecticut
$807M +$474M +5,238,231 +55%
Jennison Associates
6
Jennison Associates
New York
$662M -$162M -1,785,169 -13%
State Street
7
State Street
Massachusetts
$542M -$5.97M -66,002 -0.7%
T. Rowe Price Investment Management
8
T. Rowe Price Investment Management
Maryland
$542M -$353M -3,902,477 -28%
Brown Advisory
9
Brown Advisory
Maryland
$443M +$487M +5,387,339 +198%
Geode Capital Management
10
Geode Capital Management
Massachusetts
$442M +$38.5M +425,274 +6%
Morgan Stanley
11
Morgan Stanley
New York
$302M -$1B -11,096,994 -67%
D.E. Shaw & Co
12
D.E. Shaw & Co
New York
$239M +$160M +1,767,290 +68%
Bank of America
13
Bank of America
North Carolina
$225M +$47.8M +528,729 +15%
Norges Bank
14
Norges Bank
Norway
$207M -$61M -673,954 -15%
N
15
Nuveen
North Carolina
$192M +$60M +663,557 +23%
Qube Research & Technologies (QRT)
16
Qube Research & Technologies (QRT)
United Kingdom
$191M +$170M +1,876,002 +116%
Northern Trust
17
Northern Trust
Illinois
$165M -$6.18M -68,327 -2%
Invesco
18
Invesco
Georgia
$151M -$466M -5,148,822 -65%
Goldman Sachs
19
Goldman Sachs
New York
$129M +$50.6M +558,946 +31%
Franklin Resources
20
Franklin Resources
California
$119M +$28.1M +311,034 +17%
ZCI
21
Zevenbergen Capital Investments
Washington
$119M +$7.05M +77,890 +4%
UBS AM
22
UBS AM
Illinois
$119M -$2.96M -32,691 -1%
Fidelity Investments
23
Fidelity Investments
Massachusetts
$116M -$150M -1,659,921 -44%
Jane Street
24
Jane Street
New York
$116M +$29.1M +321,804 +18%
Legal & General Group
25
Legal & General Group
United Kingdom
$113M +$3.84M +42,422 +2%

TTD Hedge Fund Activity: Q1 2025 in Review

1,046 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in Trade Desk (TTD) for Q1 2025, worth a combined $18.9B — down 55% from $42B a quarter earlier.

Sellers outnumbered buyers: 291 funds closed out of TTD and 146 opened new positions — a net loss of 145 holders — while 346 trimmed existing stakes and 437 added.

The largest buyer was Brown Advisory, adding an estimated $487M. The largest seller was Morgan Stanley, cutting an estimated $1B.

  • 1,046 institutional investors held Trade Desk (TTD) as of Q1 2025, down from 1,209 in Q4 2024.
  • Funds reported $18.9B of Trade Desk stock for Q1 2025, down 55% quarter-over-quarter.
  • 146 funds opened new Trade Desk positions in Q1 2025 and 291 closed out, a net change of -145 holders.
  • The largest Trade Desk buyer in Q1 2025 was Brown Advisory, an estimated $487M added.
  • The largest Trade Desk seller in Q1 2025 was Morgan Stanley, an estimated $1B sold.

Based on aggregated 13F filings for Q1 2025.