What smart money is saying about The Trade Desk, Inc.
5 funds in our archive have pitched The Trade Desk, Inc. — most recently Saga Partners in December 2025.
Trade Desk, Inc. operates as a technology company in the United States and internationally. The company operates a self-service cloud-based platform that allows buyers to create, manage, and optimize data-driven digital advertising campaigns across various ad formats and channels, including display, video, audio, native, and social on various devices, such as computers, mobile devices, and connected TV. It also provides data and other value-added services. The company serves advertising agencies and other service providers for advertisers. The Trade Desk, Inc. was incorporated in 2009 and is headquartered in Ventura, California.
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Position history
Between Q2 2025 and Q1 2026, 2 fund letters reported a position in The Trade Desk, Inc. — 1 trimmed or exited.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q1 2026 | 2 | 0 | 1 | 0 |
| Q4 2025 | 0 | 0 | 0 | 2 |
| Q3 2025 | 0 | 0 | 0 | 2 |
| Q2 2025 | 0 | 0 | 0 | 1 |
Fund activity · 2 positions · 1 move
- ExitedLarge-Cap GrowthMarch 2026
“We chose to exit The Trade Desk (TTD) following a period of increased uncertainty driven by ongoing negative headlines and evolving competitive dynamics and swap into Spotify.”
Read the letterThe Trade Desk, Inc. - HoldsBrown Advisory Mid‑Cap GrowthMarch 2026
“Persistent negative headlines continued to weigh on The Trade Desk’s (TTD) stock.”
Read the letterThe Trade Desk, Inc.
Fund coverage · 5 theses
- Saga PartnersDecember 2025
The Trade Desk is a scaled independent DSP aligned with advertisers, positioned to gain share as it optimizes open-internet ad spend despite cyclical headwinds.
Read the full thesis - Rowan StreetDecember 2025
The Trade Desk is an independent, asset-light ad-tech platform with network effects and profitability, but recent execution and communication issues have tempered conviction pending improvement.
Read the full thesis - Harding Loevner Global Developed Markets EquitySeptember 2025
The Trade Desk is a digital advertising platform poised for growth despite competitive challenges, benefiting from the shift in ad spending from traditional TV to digital channels.
Read the full thesis - Vision CapitalSeptember 2025
The Trade Desk is the leading independent programmatic digital advertising platform well-positioned to benefit from the increasing connected TV ad spend, despite recent challenges and competition from Amazon DSP.
Read the full thesis - Baron Opportunity FundJune 2025
The Trade Desk is a leading independent platform for digital advertising that holds significant potential for future growth in the under-penetrated programmatic advertising market.
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