What smart money is saying about The Trade Desk
6 funds in our archive have pitched The Trade Desk — most recently Saga Portfolio in March 2026.
The Trade Desk, Inc. is a global technology company that provides a self-service, cloud-based platform. This platform enables advertising buyers to efficiently create, manage, and optimize data-driven digital ad campaigns across diverse formats and channels, including display, video, audio, native, and social media, reaching audiences on computers, mobile devices, and connected TVs. In addition to the platform, the company offers various data and value-added services. Their primary clients are advertising agencies and other service providers who represent advertisers. The Trade Desk was founded in 2009 and is headquartered in Ventura, California.
Get an email when a fund writes about it
Position history
Between Q2 2025 and Q1 2026, 2 fund letters reported a position in The Trade Desk — 1 trimmed or exited.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q1 2026 | 2 | 0 | 1 | 1 |
| Q4 2025 | 0 | 0 | 0 | 2 |
| Q3 2025 | 0 | 0 | 0 | 2 |
| Q2 2025 | 0 | 0 | 0 | 1 |
Fund activity · 2 positions · 1 move
- March 2026
“Persistent negative headlines continued to weigh on The Trade Desk’s (TTD) stock.”
The Trade Desk - 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.”
The Trade Desk
Fund coverage · 6 theses
- Saga PortfolioMarch 2026
The Trade Desk is viewed as the leading independent DSP with structural advantages, long-term growth potential, and a valuation that appears unusually attractive despite recent slowdown and AI/competition concerns.
Read the full thesis - 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 - 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 - 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 - 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.
Read the full thesis
Read every full thesis on The Trade Desk
Unlock all 6 theses — the full reasoning behind what funds are buying, plus unlimited access to the entire archive.
View plans→