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Trade Desk

1,072 hedge funds and large institutions have $25.3B invested in Trade Desk in 2025 Q2 according to their latest regulatory filings, with 170 funds opening new positions, 414 increasing their positions, 360 reducing their positions, and 133 closing their positions.

New
Increased
Maintained
Reduced
Closed

34% more capital invested

Capital invested by funds: $18.9B → $25.3B (+$6.37B)

33% more funds holding in top 10

Funds holding in top 10: 912 (+3)

28% more first-time investments, than exits

New positions opened: 170 | Existing positions closed: 133

15% more repeat investments, than reductions

Existing positions increased: 414 | Existing positions reduced: 360

2% more funds holding

Funds holding: 1,0461,072 (+26)

5% more call options, than puts

Call options by funds: $1.53B | Put options by funds: $1.46B

0.65% more ownership

Funds ownership: 76.52%77.17% (+0.65%)

Holders
1,072
Holders Change
+26
Holders Change %
+2.49%
% of All Funds
14.11%
Holding in Top 10
12
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+33.33%
% of All Funds
0.16%
New
170
Increased
414
Reduced
360
Closed
133
Calls
$1.53B
Puts
$1.46B
Net Calls
+$69.1M
Net Calls Change
-$26M
Name Holding Trade Value Shares
Change
Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$3.21B +$20.2M +317,107 +0.7%
Baillie Gifford & Co
2
Baillie Gifford & Co
United Kingdom
$2.21B -$45.4M -711,308 -2%
BlackRock
3
BlackRock
New York
$1.92B -$19.7M -308,666 -1%
Jennison Associates
4
Jennison Associates
New York
$1.03B +$139M +2,169,252 +18%
Edgewood Management
5
Edgewood Management
Connecticut
$983M -$69.6M -1,089,779 -7%
Morgan Stanley
6
Morgan Stanley
New York
$910M +$455M +7,122,976 +129%
Geode Capital Management
7
Geode Capital Management
Massachusetts
$885M +$269M +4,218,975 +52%
State Street
8
State Street
Massachusetts
$705M -$7.39M -115,801 -1%
JP Morgan Chase
9
JP Morgan Chase
New York
$621M -$425M -6,657,668 -44%
Brown Advisory
10
Brown Advisory
Maryland
$599M +$14.1M +221,228 +3%
T. Rowe Price Investment Management
11
T. Rowe Price Investment Management
Maryland
$570M -$127M -1,991,730 -20%
BC
12
Broadwater Capital
Massachusetts
$432M +$27.2M +425,940 +7,099%
Bank of America
13
Bank of America
North Carolina
$293M -$2.96M -46,282 -1%
Invesco
14
Invesco
Georgia
$244M +$39.5M +618,787 +22%
Northern Trust
15
Northern Trust
Illinois
$209M -$7.76M -121,463 -4%
Norges Bank
16
Norges Bank
Norway
$197M -$66.7M -1,044,548 -28%
Viking Global Investors
17
Viking Global Investors
Connecticut
$193M +$171M +2,674,320 New
UBS AM
18
UBS AM
Illinois
$174M +$15.7M +245,227 +11%
Jane Street
19
Jane Street
New York
$167M +$13.5M +210,980 +10%
N
20
Nuveen
North Carolina
$166M -$76.4M -1,197,164 -34%
VOYA Investment Management
21
VOYA Investment Management
Georgia
$163M +$56.6M +885,978 +64%
Franklin Resources
22
Franklin Resources
California
$159M +$2.34M +36,582 +2%
JCAM
23
Jericho Capital Asset Management
New York
$157M +$38.4M +602,000 +38%
ZCI
24
Zevenbergen Capital Investments
Washington
$156M -$37K -579 -0%
Fidelity Investments
25
Fidelity Investments
Massachusetts
$156M +$2.1M +32,918 +2%

TTD Hedge Fund Activity: Q2 2025 in Review

1,072 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Trade Desk (TTD) for Q2 2025, worth a combined $25.3B — up 34% from $18.9B a quarter earlier.

Buyers outnumbered sellers: 170 funds opened new TTD positions and 133 closed out — a net gain of 37 holders — while 414 added to existing stakes and 360 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $455M. The largest seller was JP Morgan Chase, cutting an estimated $425M.

  • 1,072 institutional investors held Trade Desk (TTD) as of Q2 2025, up from 1,046 in Q1 2025.
  • Funds reported $25.3B of Trade Desk stock for Q2 2025, up 34% quarter-over-quarter.
  • 170 funds opened new Trade Desk positions in Q2 2025 and 133 closed out, a net change of +37 holders.
  • The largest Trade Desk buyer in Q2 2025 was Morgan Stanley, an estimated $455M added.
  • The largest Trade Desk seller in Q2 2025 was JP Morgan Chase, an estimated $425M sold.

Based on aggregated 13F filings for Q2 2025.