The Trade Desk, Inc.

TTDRank #247 of 316

Reference Jun 30, 2026 close implied by Form 13F filings

Circulating market cap

$7.72B

Upper bound: lock-ups and restricted stock not reviewed yet.

Traditional market cap: $8.50B
Fully diluted value: $8.52B
Free float market cap: -
Gap to traditional: $779.40M (9.2%)

Circulating supply426.77M / 469.88M

Free float
Locked team
Other restricted

Circulating: 426.77M · 90.8%
Free float: -
Locked team: n/r
Other restricted: 43.11M · 9.2%
Total outstanding: 469,880,194

Lock-ups and restricted stock for this company have not been reviewed yet. Only unlisted share classes are excluded, so circulating supply is an upper bound.

Supply breakdown

Shares as of Jul 31, 2026

Circulating90.8%426.77M shares

Category	Shares	%	Value	Status
Circulating	426.77M	90.8%	$7.72B	Estimated
Free float	-	-	-	Unavailable
Insider-held, unrestricted	-	-	-	Unavailable
Locked team funds	-	-	-	Unavailable
Other restricted (unlisted classes only)	43.11M	9.2%	$779.40M	Verified
Total outstanding	469.88M	100.0%	$8.50B	Verified
Ownership views (overlap the categories above, never added)
Institutional holdings (13F)	376.93M	80.2%	$6.81B	Estimated
Insider-held, all (Forms 3, 4, 5)	-	-	-	Unavailable

Institutional and insider holdings can include both tradable and locked shares, so they are shown for reference and never added to the total. Check: no class has more shares deducted than it has outstanding, and the review found no shares that may be counted twice: reconciles.

Valuation

Traditional$8.50B
Fully diluted$8.52B
Circulating$7.72B
Free float-
Locked team value$0
Other restricted value$779.40M

Locked and restricted shares

1 item

Class B (not listed on any exchange)

43,108,629 shares

9.2% of total · $779.40M

Class B shares are not listed on any exchange and cannot be traded as they are. A holder must first convert them into Class A shares, which can then be sold. FloatCap counts them outside circulating supply until converted.

Verified10-Q, Cover page: shares outstanding by class; the class has no trading symbolApplied automatically to every unlisted class.

Institutional holders

13F, quarter ended Jun 30, 2026

Holder	Shares	% of total
BlackRock, Inc.	32.67M	6.95%
STATE STREET CORP	31.29M	6.66%
VANGUARD CAPITAL MANAGEMENT LLC	27.90M	5.94%
VANGUARD PORTFOLIO MANAGEMENT LLC	19.38M	4.12%
TWO SIGMA INVESTMENTS, LP	17.05M	3.63%
GEODE CAPITAL MANAGEMENT, LLC	16.13M	3.43%
Invesco Ltd.	13.76M	2.93%
GOLDMAN SACHS GROUP INC	13.47M	2.87%
Alyeska Investment Group, L.P.	11.12M	2.37%
FEDERATED HERMES, INC.	10.88M	2.32%

Sum of long share positions in Form 13F reports for the quarter. 13F covers managers with over $100M in US equities; some positions are reported by more than one filer.

Insiders

Forms 3, 4 and 5

Form 4 aggregation pending

Share classes

Class	Listing	Shares outstanding	As of
Class A	TTD on Nasdaq	426,771,565	Jul 31, 2026
Class B	Not listed (valued at TTD)	43,108,629	Jul 31, 2026

Notes and sources

Trade Desk, Inc. 10-Q for period ended 2026-06-30, Cover page (0001671933-26-000086)
Trade Desk, Inc. 10-Q for period ended 2026-06-30, Cover page: shares outstanding by class; the class has no trading symbol (0001671933-26-000086)
SEC public float (non-affiliates): $32.05B as of Jun 30, 2025, from the 10-K cover. It is a dollar value at a past date, not circulating supply.