D1 Capital Partners L.P. 13F: Adds $59M to Reddit (RDDT) Stake
D1 Capital Partners boosted its holdings in Reddit, Inc. by 16.1%, bringing its total stake to 2.46 million shares.
Reviewed by automated data checks against the source filing. How we make and check alerts
D1 Capital Partners L.P. added 340,554 shares to its stake in Reddit, Inc. ($RDDT), a 16.07% increase, according to a 13F filing with the SEC dated May 15, 2026. It reported 2,459,151 shares worth $428.85 million at the end of the quarter.
Since the filing, $RDDT is down 10.4% after 1 week, up 15.0% after 1 month and down 1.3% to date (from the $158.17 close on May 15, 2026).
Find the original: D1 Capital Partners L.P. 13F filings on SEC EDGAR
RDDT
Reddit, Inc.
Key Points
- D1 Capital Partners increased its Reddit, Inc. stake by 340,554 shares, growing its position 16.1% to 2,459,151 shares worth approximately $428.9 million.
- Reddit shares trade around $174.39, sitting above their 50-day moving average of $154.21 as analysts project a mean target price of $213.71.
- Company insiders recently completed several stock transactions, including CEO Steve Huffman purchasing 18,000 shares in June and later selling 17,308 shares in October.
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D1 Capital Partners Expands Position in Reddit Shares
D1 Capital Partners grew its investment in Reddit, Inc. (NYSE:RDDT) during the period, adding 340,554 shares to its portfolio. The filing shows the fund went from holding 2,118,597 shares up to 2,459,151 shares. That 16.1% increase brings the reported value of the stake to roughly $428.9 million. Institutional 13F filings look backward at holdings from the end of the reporting period and may not show current positions today.
Reddit Stock Trades Above Key Moving Averages
Reddit shares trade near $174.39, resting above the 50-day moving average of $154.21 and near the 200-day moving average of $165.58. The stock has seen a 52-week low of $119.27 and a high of $263.50. The company carries a forward P/E ratio of 16.46 alongside a beta of 2.05, pointing to higher-than-average price swings compared to the broader market.
Insider Buying and Selling at Reddit, Inc.
Company insiders have traded shares across several dates. On June 15, CEO and President Steve Huffman bought 18,000 shares at a price of $25.29 for a total value of $455,220 in an unplanned trade. Later on October 13, Huffman sold 17,308 shares at $158.57 per share for a total value of $2.74 million under a Rule 10b5-1 plan. Chief Operating Officer Jennifer Wong also sold 39,166 shares on June 16 at an average price of $176.94, totaling about $6.93 million in a planned transaction.
Analysts Set New Price Targets
Wall Street firms maintain various outlooks on the stock. On October 9, Needham reiterated its Buy rating with a $300.00 price target. Earlier, DA Davidson maintained its Buy rating on September 18 while lowering its target from $200.00 to $185.00. Morgan Stanley kept an Overweight rating on August 21 with a target moved to $210.00 from $240.00. Across the broader analyst community, the stock holds a consensus Buy recommendation and an average price target of $213.71 based on 33 analyst opinions.
Understanding Reddit's Digital Community
Headquartered in San Francisco, Reddit operates online platforms that connect users around shared interests, discussions, and content creation. The company organizes digital spaces where people can exchange ideas, upload media, and build communities. This filing highlights how major institutional investors manage large positions in the internet content sector.
What to Watch Next for Investors
The fund's next moves will appear in subsequent quarterly SEC disclosures. Meanwhile, investors can look toward Reddit's upcoming earnings report scheduled for October 29, 2026, to gauge ongoing revenue growth and financial performance.
Related Filing Alerts
Source: D1 Capital Partners L.P.'s 13F filing on $RDDT (May 15, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: D1 Capital Partners L.P. 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts