Trade Desk, Inc.: which funds bought and sold
Institutions that bought and sold Trade Desk shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.
Between March 31, 2026 and June 30, 2026, 317 institutions that filed 13F reports for both quarters added to or opened positions in Trade Desk, and 444 cut or closed them. Together they added a net 7.0M shares, +1.9% on what they held at the start of the quarter. Active managers and hedge funds on our list were net buyers of 17.7M shares (+21.3%); index fund managers were net sellers of 20.5M shares (−12.9%). 93 opened a new position and 189 sold out entirely.
Bought, Q2 2026 317 institutions, 93 of them new holders Sold, Q2 2026 444 institutions, 189 of them sold out
Net change, all compared +7.0M shares (+1.9%)
Net change, active managers +17.7M shares (+21.3%), 35 bought, 31 sold
Buyers versus sellers
317 bought 86 444 sold
Active managers and hedge funds 35 bought · 31 sold · +17.7M
Index fund managers 5 bought · 7 sold · −20.5M
Other institutions 277 bought · 406 sold · +9.9M
Biggest buyers
| Institution | Change in shares | Shares June 30, 2026 | Value |
|---|---|---|---|
| Jericho Capital Asset Management L.P. Hedge fund | +9.4M New position | 9.4M | $170M |
| Alyeska Investment Group, L.P. Hedge fund | +5.5M +97.5% | 11.1M | $201M |
| Invesco Ltd. | +5.4M +64.2% | 13.8M | $249M |
| Goldman Sachs Group Inc | +4.7M +54.3% | 13.5M | $243M |
| Amundi | +3.4M +111.8% | 6.5M | $117M |
| D. E. Shaw & Co., Inc. Hedge fund | +3.3M +68.4% | 8.0M | $146M |
| Federated Hermes, Inc. Active manager | +3.2M +42.6% | 10.9M | $197M |
| Two Sigma Investments, LP Hedge fund | +2.9M +20.4% | 17.1M | $308M |
| Geode Capital Management, LLC Index funds | +2.1M +15.3% | 16.1M | $292M |
| Assenagon Asset Management S.A. | +2.0M +61.0% | 5.2M | $93.7M |
| BNP Paribas Financial Markets | +1.8M +44.1% | 6.0M | $108M |
| Capital Fund Management S.A. Hedge fund | +1.6M +797.4% | 1.8M | $32.8M |
| Renaissance Technologies LLC Hedge fund | +1.6M +29.1% | 7.0M | $127M |
| SG Americas Securities, LLC | +1.3M +136.2% | 2.2M | $39.4M |
| Neuberger Berman Group LLC Active manager | +1.2M +2059.9% | 1.2M | $22.2M |
| Deutsche Bank Ag\ | +1.2M +35.8% | 4.4M | $79.2M |
| Jane Street Group, LLC | +1.1M +296.8% | 1.5M | $27.5M |
| Morgan Stanley | +1.1M +12.3% | 9.8M | $178M |
| Omers Administration Corp | +1.1M +1238.9% | 1.2M | $21.1M |
| Bank Of America Corp | +1.1M +23.6% | 5.6M | $102M |
| Institution | Change in shares | Shares June 30, 2026 | Value |
|---|---|---|---|
| Jericho Capital Asset Management L.P. Hedge fund | +9.4M New position | 9.4M | $170M |
| Alyeska Investment Group, L.P. Hedge fund | +5.5M +97.5% | 11.1M | $201M |
| D. E. Shaw & Co., Inc. Hedge fund | +3.3M +68.4% | 8.0M | $146M |
| Federated Hermes, Inc. Active manager | +3.2M +42.6% | 10.9M | $197M |
| Two Sigma Investments, LP Hedge fund | +2.9M +20.4% | 17.1M | $308M |
| Capital Fund Management S.A. Hedge fund | +1.6M +797.4% | 1.8M | $32.8M |
| Renaissance Technologies LLC Hedge fund | +1.6M +29.1% | 7.0M | $127M |
| Neuberger Berman Group LLC Active manager | +1.2M +2059.9% | 1.2M | $22.2M |
| Qube Research & Technologies Ltd Hedge fund | +845K +243.7% | 1.2M | $21.6M |
| Voloridge Investment Management, LLC Hedge fund | +744K +13.5% | 6.3M | $113M |
Biggest sellers
| Institution | Change in shares | Shares June 30, 2026 | Value |
|---|---|---|---|
| State Street Corp Index funds | −13.6M −30.4% | 31.3M | $566M |
| Blackrock, Inc. Index funds | −4.9M −12.9% | 32.7M | $591M |
| Worldquant Millennium Advisors LLC Hedge fund | −3.6M −63.1% | 2.1M | $38M |
| Vanguard Portfolio Management LLC Index funds | −3.1M −13.6% | 19.4M | $350M |
| Marshall Wace, LLP Hedge fund | −2.0M −86.5% | 308K | $5.6M |
| Jacobs Levy Equity Management, Inc Active manager | −1.8M −56.8% | 1.4M | $24.5M |
| BNP Paribas Asset Management Holding S.A. | −1.8M −99.5% | 8,188 | $148,039 |
| Barclays PLC | −1.4M −30.5% | 3.2M | $58.6M |
| Legal & General Group PLC | −1.4M −55.1% | 1.2M | $20.8M |
| Bank Of Nova Scotia | −1.4M Sold out | 0 | — |
| Retirement Systems Of Alabama | −1.2M −93.1% | 90K | $1.6M |
| Jpmorgan Chase & Co | −1.1M −45.3% | 1.3M | $24.7M |
| Harding Loevner LP Active manager | −1.1M Sold out | 0 | — |
| Raymond James Financial Inc | −1.0M −90.1% | 113K | $2M |
| FMR LLC Active manager | −1.0M −38.5% | 1.6M | $29.8M |
| UBS Am, A Distinct Business Unit Of UBS Asset Management Americas LLC | −864K −44.1% | 1.1M | $19.8M |
| Sumitomo Mitsui Trust Group, Inc. | −844K −89.1% | 103K | $1.9M |
| Vanguard Capital Management LLC Index funds | −746K −2.6% | 27.9M | $504M |
| Millennium Management LLC Hedge fund | −703K −14.3% | 4.2M | $76.1M |
| Tudor Investment Corp Et Al Hedge fund | −544K −63.6% | 311K | $5.6M |
| Institution | Change in shares | Shares June 30, 2026 | Value |
|---|---|---|---|
| Worldquant Millennium Advisors LLC Hedge fund | −3.6M −63.1% | 2.1M | $38M |
| Marshall Wace, LLP Hedge fund | −2.0M −86.5% | 308K | $5.6M |
| Jacobs Levy Equity Management, Inc Active manager | −1.8M −56.8% | 1.4M | $24.5M |
| Harding Loevner LP Active manager | −1.1M Sold out | 0 | — |
| FMR LLC Active manager | −1.0M −38.5% | 1.6M | $29.8M |
| Millennium Management LLC Hedge fund | −703K −14.3% | 4.2M | $76.1M |
| Tudor Investment Corp Et Al Hedge fund | −544K −63.6% | 311K | $5.6M |
| Acadian Asset Management LLC Active manager | −534K −23.9% | 1.7M | $30.8M |
| Primecap Management Co Active manager | −500K −40.6% | 732K | $13.2M |
| AQR Capital Management LLC Hedge fund | −476K −80.6% | 114K | $2M |
New positions
| Institution | Shares | Value June 30, 2026 |
|---|---|---|
| Jericho Capital Asset Management L.P.Hedge fund | 9.4M | $170M |
| Vega Investment Solutions | 566K | $10.2M |
| Nearwater Capital Markets, Ltd | 532K | $9.6M |
| Sih Partners, LLLP | 374K | $6.8M |
| Capitolis Liquid Global Markets LLC | 278K | $5M |
| Waterloo Capital, L.P. | 135K | $2.4M |
| Logan Capital Management Inc | 134K | $2.4M |
| Susquehanna Fundamental Investments, LLC | 117K | $2.1M |
| Deane Retirement Strategies, Inc. | 116K | $2.1M |
| Schonfeld Strategic Advisors LLCHedge fund | 83K | $1.5M |
Sold out
| Institution | Shares | Value March 31, 2026 |
|---|---|---|
| Bank Of Nova Scotia | 1.4M | $31.6M |
| Harding Loevner LPActive manager | 1.1M | $24.3M |
| Jupiter Asset Management LtdActive manager | 449K | $10.2M |
| Frontier Capital Management Co LLCActive manager | 321K | $7.3M |
| Brookstone Capital Management | 251K | $5.7M |
| Capital Impact Advisors, LLC | 225K | $5.1M |
| Parallax Volatility Advisers, L.P. | 224K | $5.1M |
| Australiansuper Pty Ltd | 219K | $5M |
| Korea Investment Corp | 205K | $4.7M |
| Erste Asset Management Gmbh | 200K | $4.4M |
Who holds the shares
- Institutions reporting
- 676
- Ten largest holders
- 51.0% of 13F-reported shares
- Index fund managers
- 36.4% of 13F-reported shares
- Active managers and hedge funds
- 26.5% of 13F-reported shares
| Type | Bought | Sold | New | Sold out | Net change in shares | Net % |
|---|---|---|---|---|---|---|
| Active managers and hedge funds | 35 | 31 | 7 | 12 | +17.7M | +21.3% |
| Index fund managers | 5 | 7 | 0 | 0 | −20.5M | −12.9% |
| Other institutions | 277 | 406 | 86 | 177 | +9.9M | +7.7% |