BlackRock Discloses 6.2% Passive Stake in The Trade Desk
Ticker: TTD · Form: SC 13G · Filed: 2024-01-31T00:00:00.000Z
Sentiment: neutral
Topics: institutional-ownership, passive-investment, form-13G
TL;DR
**BlackRock just revealed a 6.2% passive stake in The Trade Desk as of year-end 2023.**
AI Summary
BlackRock Inc. reported on January 31, 2024, that as of December 31, 2023, it beneficially owns 30,501,406 shares of Class A Common Stock in The Trade Desk, Inc. This represents a 6.2% ownership stake in the ad-tech company. This filing indicates BlackRock's significant, but passive, investment in The Trade Desk, suggesting confidence in the company's long-term prospects without seeking to influence management. For investors, this means a major institutional player sees value in The Trade Desk, which can be a positive signal, but it doesn't imply any immediate strategic changes or activist involvement.
Why It Matters
This filing shows a major institutional investor, BlackRock, holds a significant stake in The Trade Desk, signaling their belief in the company's value and potentially influencing other investors.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of a passive investment by a large institutional investor, posing minimal risk to the company or its shareholders.
Analyst Insight
A smart investor would view BlackRock's 6.2% passive stake as a vote of confidence from a major institution, but recognize it doesn't signal any immediate operational changes or activist pressure on The Trade Desk. It's a data point for long-term conviction, not a short-term trading signal.
Key Numbers
- 30,501,406 — Shares Beneficially Owned (Represents BlackRock's total holding in Trade Desk Class A Common Stock.)
- 6.2% — Ownership Percentage (Indicates BlackRock's significant, but non-controlling, stake in The Trade Desk.)
- December 31, 2023 — Date of Event (The snapshot date for the reported ownership.)
Key Players & Entities
- BlackRock Inc. (company) — reporting person and institutional investor
- Trade Desk, Inc. (company) — subject company (issuer)
- 30,501,406 (dollar_amount) — shares beneficially owned by BlackRock Inc.
- 6.2% (dollar_amount) — percentage of Class A Common Stock owned by BlackRock Inc.
- December 31, 2023 (dollar_amount) — date of event requiring the filing
- January 31, 2024 (dollar_amount) — filing date
Forward-Looking Statements
- BlackRock will maintain a passive investment stance in The Trade Desk for the foreseeable future. (BlackRock Inc.) — high confidence, target: December 31, 2024
- The Trade Desk's stock price will not experience significant volatility directly due to this passive filing. (Trade Desk, Inc.) — high confidence, target: February 29, 2024
FAQ
What is the purpose of an SC 13G filing?
An SC 13G filing is used by institutional investors, like BlackRock Inc., to report beneficial ownership of more than 5% of a company's stock when they hold the shares passively, meaning they do not intend to influence or control the company's management or policies. This specific filing by BlackRock Inc. for The Trade Desk, Inc. is filed under Rule 13d-1(b), confirming its passive nature.
Which company is the subject of this SC 13G filing?
The subject company, or issuer, for this SC 13G filing is The Trade Desk, Inc., identified by the CUSIP Number 88339J105 and the Central Index Key (CIK) 0001671933.
Who is the reporting person in this SC 13G filing?
The reporting person in this SC 13G filing is BlackRock Inc., with the Central Index Key (CIK) 0001364742, indicating they are the entity disclosing their ownership stake.
What type of securities does BlackRock Inc. own in The Trade Desk, Inc.?
BlackRock Inc. owns Class A Common Stock of The Trade Desk, Inc., as specified in the 'Title of Class of Securities' section of the Schedule 13G.
What was the 'Date of Event Which Requires Filing of this Statement' for BlackRock's ownership in The Trade Desk?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, meaning the reported ownership stake reflects BlackRock's holdings as of that date.
From the Filing
EDGAR Filing Documents for 0001086364-24-005989 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G - Statement of Beneficial Ownership by Certain Investors: SEC Accession No. 0001086364-24-005989 Filing Date 2024-01-31 Accepted 2024-01-31 14:08:28 Documents 1 Document Format Files Seq Description Document Type Size 1 us88339j1051_013124.txt SC 13G 12042 Complete submission text file 0001086364-24-005989.txt 13837 Mailing Address 50 HUDSON YARDS NEW YORK NY 10001 Business Address 50 HUDSON YARDS NEW YORK NY 10001 212-810-5300 BlackRock Inc. (Filed by) CIK : 0001364742 (see all company filings) EIN. : 320174431 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G SIC : 6211 Security Brokers, Dealers & Flotation Companies (CF Office: 02 Finance) Mailing Address 42 N. CHESTNUT STREET VENTURA CA 93001 Business Address 42 N. CHESTNUT STREET VENTURA CA 93001 (805) 585-3434 Trade Desk, Inc. (Subject) CIK : 0001671933 (see all company filings) EIN. : 271887399 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G | Act: 34 | File No.: 005-89645 | Film No.: 24582168 SIC : 7370 Services-Computer Programming, Data Processing, Etc. (CF Office: 06 Technology)