Philippe Laffont's hedge fund, Coatue Management, significantly increased its stake in The Trade Desk (TTD) in the second quarter of 2025, purchasing 998,900 shares, according to Yahoo Finance. This action comes after TTD's stock declined sharply following disappointing Q2 financial results, although it still beat analyst estimates. The purchase was a small, less than 0.5% position in Laffont's portfolio, suggesting it may not be a sign of high conviction, notes Webull.
Details of the Trade
- Company: The Trade Desk (TTD)
- Investor: Philippe Laffont's Coatue Management
- Action: Purchased 998,900 shares of TTD
- Timing: During the second quarter of 2025
- Context: This was in addition to selling shares of Meta Platforms (META) and occurred after TTD's stock dropped significantly due to competitive pressures from Amazon.
Implications
- The purchase could be a strategic move to initiate a position in a stock that had dropped significantly, which Laffont may believe is undervalued or set for future growth despite current concerns, according to Webull.
- The small size of the new TTD position suggests it is not a large bet and should not be interpreted as a strong signal of conviction from the billionaire investor.
- The purchase is notable given the concerns surrounding TTD's slowing sales growth compared to competitors like Meta and Amazon, says Webull.
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