Trade Desk
963 hedge funds and large institutions have $18.1B invested in Trade Desk in 2025 Q3 according to their latest regulatory filings, with 150 funds opening new positions, 347 increasing their positions, 341 reducing their positions, and 250 closing their positions.
5.49% more ownership
Funds ownership: 77.07% → 82.57% (+5.5%)
2% more repeat investments, than reductions
Existing positions increased: 347 | Existing positions reduced: 341
2% less call options, than puts
Call options by funds: $1.71B | Put options by funds: $1.75B
10% less funds holding
Funds holding: 1,073 → 963 (-110)
27% less capital invested
Capital invested by funds: $24.9B → $18.1B (-$6.81B)
33% less funds holding in top 10
Funds holding in top 10: 12 → 8 (-4)
40% less first-time investments, than exits
New positions opened: 150 | Existing positions closed: 250
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State Street
Boston,
Massachusetts
|
+$1.69B |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$782M |
| 3 |
BlackRock
New York
|
+$590M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$217M |
| 5 |
Geode Capital Management
Boston,
Massachusetts
|
+$176M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jennison Associates
New York
|
-$899M |
| 2 |
Edgewood Management
Greenwich,
Connecticut
|
-$866M |
| 3 |
Viking Global Investors
Stamford,
Connecticut
|
-$193M |
| 4 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
-$167M |
| 5 |
JP Morgan Chase
New York
|
-$146M |
TTD Hedge Fund Activity: Q3 2025 in Review
963 of the 7,638 institutional investors tracked by Wall St. Rank reported a position in Trade Desk (TTD) for Q3 2025, worth a combined $18.1B — down 27% from $24.9B a quarter earlier.
Sellers outnumbered buyers: 250 funds closed out of TTD and 150 opened new positions — a net loss of 100 holders — while 341 trimmed existing stakes and 347 added.
The largest buyer was State Street, adding an estimated $1.69B. The largest seller was Jennison Associates, cutting an estimated $899M.
- 963 institutional investors held Trade Desk (TTD) as of Q3 2025, down from 1,073 in Q2 2025.
- Funds reported $18.1B of Trade Desk stock for Q3 2025, down 27% quarter-over-quarter.
- 150 funds opened new Trade Desk positions in Q3 2025 and 250 closed out, a net change of -100 holders.
- The largest Trade Desk buyer in Q3 2025 was State Street, an estimated $1.69B added.
- The largest Trade Desk seller in Q3 2025 was Jennison Associates, an estimated $899M sold.
Based on aggregated 13F filings for Q3 2025.