State Street Corporation and SSGA Funds Management, Inc. report beneficial ownership of 10.4% of Trade Desk Inc. common stock, totaling 44,947,239 shares as shown in the filing dated 03/31/2026. The filing lists shared voting power of 37,430,272 shares and shared dispositive power of 44,933,369 shares, reflecting institutional holdings reported on behalf of multiple State Street investment-advisory entities.
Positive
None.
Negative
None.
Insights
Large passive stake disclosed by State Street affiliates; typical institutional holding disclosure.
State Street affiliates are reported as holding 10.4% of Trade Desk common stock, with shared voting and dispositive powers listed across advisory entities. This is a disclosure of ownership rather than an active trading event.
Investor implications depend on fund mandates and client redemptions; subsequent filings may show changes to voting or dispositive allocations among the listed advisory subsidiaries.
Disclosure confirms collective shared control of votes and disposition across multiple State Street entities.
The schedule enumerates shared voting power of 37,430,272 and shared dispositive power of 44,933,369, allocated among named subsidiaries and investment-advisory affiliates. The filing follows Schedule 13G reporting conventions for institutional investors.
Watch for any future amendments or Form 13D if the reported purpose shifts from passive to activist, which would change filing classification.
Key Figures
Beneficial ownership:44,947,239 sharesPercent of class:10.4%Shared voting power:37,430,272 shares
3 metrics
Beneficial ownership44,947,239 sharesreported on 03/31/2026
Percent of class10.4%Schedule 13G ownership percentage
Shared voting power37,430,272 sharesallocated among State Street advisory entities
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Shared dispositive powerregulatory
"Shared power to dispose or to direct the disposition of: 44,933,369"
Schedule 13Gregulatory
"Item 1. | (a) | Name of issuer: TRADE DESK INC/THE"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
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What stake does State Street report in Trade Desk (TTD)?
State Street reports beneficial ownership of 44,947,239 shares (10.4%). The filing shows shared voting power of 37,430,272 and shared dispositive power of 44,933,369, reported on the 03/31/2026 cover date.
Which entities filed the Schedule 13G for TTD?
The filing was made by SSGA Funds Management, Inc. and State Street Corporation. It lists multiple State Street advisory subsidiaries as holders and servicers of the reported positions on the Schedule 13G.
Does the Schedule 13G indicate active trading or an activist intent?
No; the Schedule 13G format signals an institutional, passive reporting status rather than activist intent. The filing lists ownership and shared powers without stating an active change of purpose.
How are voting and dispositive powers allocated in the filing?
The schedule shows shared voting power of 37,430,272 shares and shared dispositive power of 44,933,369 shares, allocated across named State Street advisory entities as the reporting persons indicate.
When should investors expect an update to this ownership filing?
Updates occur if ownership crosses reporting thresholds, changes purpose, or at required amendment intervals; any material change would be reflected in a subsequent Schedule 13G/A or Form 13D filing.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
TRADE DESK INC/THE
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
88339J105
(CUSIP Number)
03/31/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
88339J105
1
Names of Reporting Persons
STATE STREET CORPORATION
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
MASSACHUSETTS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
37,430,272.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
44,933,369.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
44,947,239.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
10.4 %
12
Type of Reporting Person (See Instructions)
HC
SCHEDULE 13G
CUSIP Number(s):
88339J105
1
Names of Reporting Persons
SSGA FUNDS MANAGEMENT, INC.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
MASSACHUSETTS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
31,139,949.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
31,217,805.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
31,219,405.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
7.2 %
12
Type of Reporting Person (See Instructions)
IA
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
TRADE DESK INC/THE
(b)
Address of issuer's principal executive offices:
42 NORTH CHESTNUT STREET, VENTURA, CALIFORNIA, 93001
Item 2.
(a)
Name of person filing:
SSGA FUNDS MANAGEMENT, INC.;STATE STREET CORPORATION;
(b)
Address or principal business office or, if none, residence:
ONE CONGRESS STREET, SUITE 1, BOSTON MA 02114, UNITED STATES (FOR ALL REPORTING PERSONS)
(c)
Citizenship:
MA
(d)
Title of class of securities:
COMMON STOCK
(e)
CUSIP Number(s):
88339J105
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
44947239.00
(b)
Percent of class:
10.4 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
0
(ii) Shared power to vote or to direct the vote:
37,430,272
(iii) Sole power to dispose or to direct the disposition of:
0
(iv) Shared power to dispose or to direct the disposition of:
44,933,369
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
NOT APPLICABLE
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
SSGA FUNDS MANAGEMENT, INC. (IA);STATE STREET GLOBAL ADVISORS (JAPAN) CO., LTD. (IA);STATE STREET GLOBAL ADVISORS ASIA LIMITED (IA);STATE STREET GLOBAL ADVISORS EUROPE LIMITED (IA);STATE STREET GLOBAL ADVISORS LIMITED (IA);STATE STREET GLOBAL ADVISORS SINGAPORE LIMITED (IA);STATE STREET GLOBAL ADVISORS TRUST COMPANY (IA);STATE STREET GLOBAL ADVISORS, AUSTRALIA, LIMITED (IA);STATE STREET GLOBAL ADVISORS, LTD. (IA);
Item 8.
Identification and Classification of Members of the Group.
If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(K), so indicate under Item 3(k) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group.
NOT APPLICABLE
Item 9.
Notice of Dissolution of Group.
Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5.
NOT APPLICABLE
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
