Letters by company
Trade Desk, Inc.
2 letters discussing TTD. Everything written about it on this site is on its ticker page.
- Rowan Street Capital Rowan Street 2025 Year-End Letter Meta Platforms remains Rowan Street’s largest holding, with the firm retaining its stake to preserve long-term compounding despite elevated investment spending. Rowan Street maintained Shopify through valuation compression, reduced its practical exposure to The Trade Desk by not adding during its decline, and initiated Tesla as a new core holding amid pessimistic sentiment. 2025 +11.1% META $1.4TSHOP $192BTSLA $1.4TTTD $6.3B
- Rowan Street Capital Rowan Street Q2 2025 Letter Rowan Street Capital argues that holding Meta Platforms and Spotify through severe drawdowns, rather than trading around sentiment, reflects its edge in backing durable businesses. The portfolio also includes Netflix, The Trade Desk, Topicus, Shopify, Adyen and Dino Polska, while the firm says AI will not replace investor temperament and patience. The first half of 2025 +20.1% META $1.4TSPOT $110BADYEY $39BDNOPF $9.2B
