Benchmark Upgrades Trade Desk Outlook: Fund Sentiment on the Rise

Fintel reports that on March 7, 2025, Benchmark upgraded their outlook for Trade Desk (LSE:0LF5) from Sell to Hold.

Current Fund Sentiment Surrounding Trade Desk

There are currently 1,912 funds and institutions reporting positions in Trade Desk. This marks an increase of 195 owners, which is an 11.36% rise over the last quarter. The average portfolio weight of all funds dedicated to 0LF5 is 0.46%, reflecting a substantial growth of 103.45%. Additionally, total institutional shares owned increased by 7.31% in the past three months, reaching 433,298K shares.

Actions by Other Shareholders

Baillie Gifford holds 35,179K shares, representing 7.78% of the company. In its previous filing, the firm reported owning 38,716K shares, indicating a decrease of 10.05%. However, Baillie Gifford slightly increased its portfolio allocation in 0LF5 by 0.01% over the last quarter.

JPMorgan Chase’s holding of 17,715K shares translates to 3.92% ownership. This reflects a rise from 16,797K shares reported previously, marking a 5.18% increase. The firm also increased its portfolio allocation in 0LF5 by 10.77% this past quarter.

The Vanguard Total Stock Market Index Fund Investor Shares (VTSMX) owns 14,092K shares, equating to 3.11% ownership. Their last report showed a slight decrease from 14,192K shares, which corresponds to a 0.71% reduction. Nevertheless, Vanguard has increased its portfolio allocation in 0LF5 by 4.88% over the quarter.

Jennison Associates reported 13,883K shares, accounting for 3.07% ownership. This is a considerable drop from the 20,321K shares they held previously, representing a 46.37% decrease. As a result, the allocation to 0LF5 was decreased by 61.98% during the last quarter.

T. Rowe Price Investment Management holds 13,812K shares, or 3.05% ownership. Their prior filing indicated 14,399K shares, reflecting a 4.25% decrease. However, T. Rowe Price also increased its portfolio allocation in 0LF5 by 5.17% over the last quarter.

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This story originally appeared on Fintel.

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