Rowan Street Capital’s third-quarter 2025 investor letter shows a fund performance of +0.22%, with YTD returns at +20.4% net of fees, outperforming the S&P 500’s +14.8% year-to-date gain. Top holdings include The Trade Desk, Inc. (NASDAQ:TTD), a technology company with a 14.98% one-month return and $26.349 billion market capitalization.

In its investor letter, Rowan Street Capital discussed its investment in The Trade Desk, Inc. (NASDAQ:TTD), noting a 20% annual compound since 2020. Despite a recent decline of over 50%, concerns arose over management communication. CEO Jeff Green’s handling of earnings calls raised doubts, shrinking the position to 4.5% of the portfolio.

The Trade Desk, Inc. (NASDAQ:TTD) is held by 60 hedge fund portfolios, down from 61 in the previous quarter. While acknowledging its potential, Rowan Street Capital believes other AI stocks offer more upside with less risk. Investors seeking undervalued AI stocks can explore the free report on the best short-term AI stock for potential opportunities.

Read more at Yahoo Finance: Here are Rowan Street Capital’s Updates on The Trade Desk (TTD)