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Equity Research Database
Institutional Investment Pitches
Explore thousands of hedge fund pitches, high-conviction equity research memos, and portfolio manager commentary extracted from quarterly letters.
Explore thousands of hedge fund pitches, high-conviction equity research memos, and portfolio manager commentary extracted from quarterly letters.
The Trade Desk is the leading internet advertising demand-side platform (DSP), enabling agencies to efficiently purchase digital advertising across Connected TV (CTV), PC, mobile, and online video channels. Shares declined 31.9%...
— Alex Umansky
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Other investors who've written on The Trade Desk, Inc.
The Trade Desk, Inc. ($TTD) operates an independent demand-side digital advertising platform enabling buyers to purchase programmatic ad inventory across digital channels. The manager liquidated...
The Trade Desk has delivered an annualized return of approximately 55% over four years for the fund, benefiting from 30%+ annual growth in revenues and operating earnings. Market leadership in...
The manager defends the investment in The Trade Desk despite its recent growth slowdown, arguing that competitive threats from Amazon and AI disruptions are overstated. He explains that...
More institutional theses from Baron Fifth Avenue Growth Fund
Shares of Cloudflare, Inc., which operates one of the world's largest networks, delivering security, performance, and developer solutions, rose 41.5% during the quarter as investors increasingly view the company as foundational infrastructure for the agentic internet. In the second...
Shares of Meta Platforms, Inc., the owner of Facebook, Instagram, WhatsApp, and Threads, contributed during the quarter, rising 28.8%. Second quarter results...
Tesla, Inc. manufactures electric vehicles, solar products, and energy storage solutions and develops real-world AI technologies. Shares fell 15.6%...