Vanguard's 5.3% passive stake is consistent with index fund management. No prior 13G from Vanguard was in the cross-filing context, so this appears to be a new crossing of the 5% threshold. Monitor for any subsequent 13D conversion, though unlikely given the passive certification.
Price Chart
Executive Summary
Vanguard Capital Management LLC filed an amended Schedule 13G disclosing a passive 5.3% stake (22,625,743 shares) in Trade Desk, Inc. as of September 30, 2026. This is a routine update by a large index fund manager, with no indication of activist intent.
Key Financial Metrics
Key Facts
- Vanguard Capital Management LLC disclosed beneficial ownership of 22,625,743 shares of Trade Desk common stock.
- The stake represents 5.3% of shares outstanding as of September 30, 2026.
- The filing is made under Rule 13d-1(b), confirming passive intent.
- The filing includes shares held by Vanguard affiliates and managed accounts.
Financial Impact
Stake valued at approximately $318M based on $6.0B market cap and 5.3% ownership.
Risk Factors
- No share count or stake value explicitly stated in the filing; figures derived from market cap and percentage.
- Passive certification means Vanguard disclaims any intent to influence control; no activist pressure expected.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13G/A Filing (Primary) | 0002100119-26-001637 |
| Document: 0002100119-26-001637-index.html | 0002100119-26-001637 |
| Document: 0002100119-26-001637.txt | 0002100119-26-001637 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 30, 2026 2d ago | SC 13G | $12.30 | awaiting T+5 | awaiting T+5 | $12.29 (−0.08%) |
Oct 30, 2026 2d ago | SC 13G/A | $12.43 | awaiting T+5 | awaiting T+5 | $12.29 (−1.09%) |
Oct 23, 2026 9d ago | Institutional Cluster | $13.00 $12.29 | ▲ +5.46% | ▲ +4.90% | $12.29 (+5.46%) |
Oct 20, 2026 12d ago | 8-K | $12.65 $12.70 | ▲ +0.40% | ▲ +0.32% | $12.29 (−2.85%) |
Oct 7, 2026 25d ago | DEFA14A | $12.34 $13.13 | ▲ +6.40% | ▲ +6.68% | $12.29 (−0.41%) |
Oct 7, 2026 25d ago | SC 13G | $12.09 $12.18 | ▲ +0.74% | ▲ +1.72% | $12.29 (+1.65%) |
Oct 5, 2026 27d ago | SC 13G/A | $11.98 $11.94 | ▼ −0.33% | ▼ −0.76% | $12.29 (+2.59%) |
Sep 18, 2026 6w ago | DEF 14A | $13.92 $12.60 | ▼ −9.48% | ▼ −10.75% | $12.29 (−11.71%) |
Sep 4, 2026 8w ago | 8-K | $14.43 $14.97 | ▲ +3.74% | ▲ +4.95% | $12.29 (−14.83%) |
Jul 13, 2026 15w ago | 8-K | $19.79 $18.59 | ▼ −6.06% | ▼ −5.28% | $12.29 (−37.90%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers