Trade Desk
945 hedge funds and large institutions have $13.7B invested in Trade Desk in 2025 Q4 according to their latest regulatory filings, with 177 funds opening new positions, 254 increasing their positions, 405 reducing their positions, and 178 closing their positions.
0.39% less ownership
Funds ownership: 82.57% → 82.18% (-0.39%)
1% less first-time investments, than exits
New positions opened: 177 | Existing positions closed: 178
5% less call options, than puts
Call options by funds: $1.21B | Put options by funds: $1.28B
2% less funds holding
Funds holding: 964 → 945 (-19)
24% less capital invested
Capital invested by funds: $18.1B → $13.7B (-$4.31B)
37% less repeat investments, than reductions
Existing positions increased: 254 | Existing positions reduced: 405
50% less funds holding in top 10
Funds holding in top 10: 8 → 4 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Two Sigma Advisers
New York
|
+$256M |
| 2 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
+$191M |
| 3 |
Millennium Management
New York
|
+$179M |
| 4 |
Two Sigma Investments
New York
|
+$169M |
| 5 |
Voloridge Investment Management
Jupiter,
Florida
|
+$163M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Brown Advisory
Baltimore,
Maryland
|
-$322M |
| 2 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
-$302M |
| 3 |
JP Morgan Chase
New York
|
-$254M |
| 4 |
State Street
Boston,
Massachusetts
|
-$235M |
| 5 |
JCAM
Jericho Capital Asset Management
New York
|
-$199M |
TTD Hedge Fund Activity: Q4 2025 in Review
945 of the 8,284 institutional investors tracked by Wall St. Rank reported a position in Trade Desk (TTD) for Q4 2025, worth a combined $13.7B — down 24% from $18.1B a quarter earlier.
Sellers outnumbered buyers: 178 funds closed out of TTD and 177 opened new positions — a net loss of 1 holder — while 405 trimmed existing stakes and 254 added.
The largest buyer was Two Sigma Advisers, adding an estimated $256M. The largest seller was Brown Advisory, cutting an estimated $322M.
- 945 institutional investors held Trade Desk (TTD) as of Q4 2025, down from 964 in Q3 2025.
- Funds reported $13.7B of Trade Desk stock for Q4 2025, down 24% quarter-over-quarter.
- 177 funds opened new Trade Desk positions in Q4 2025 and 178 closed out, a net change of -1 holder.
- The largest Trade Desk buyer in Q4 2025 was Two Sigma Advisers, an estimated $256M added.
- The largest Trade Desk seller in Q4 2025 was Brown Advisory, an estimated $322M sold.
Based on aggregated 13F filings for Q4 2025.