Portman Square Capital 13F: Adds $23M to Reddit (RDDT) Stake

Portman Square Capital has boosted its stake in Reddit, Inc. (RDDT) according to a filing on October 15, 2026. The firm added 164,901 shares, increasing its total holdings to 478,773 shares, valued at about $68,196,426. This represents a 52.5% increase in its position.

Other Institutional Activity in Reddit, Inc.

Several other institutional investors have also adjusted their stakes in Reddit recently. BlackRock Inc. grew its holdings by 341,740 shares, bringing its total to over 8 million shares valued at approximately $1.25 billion. Vanguard Portfolio Management LLC added 204,023 shares, now holding about 6.9 million shares worth roughly $1.08 billion. Meanwhile, Capital World Investors increased its position by 10,172 shares, totaling about 4.4 million shares valued at around $692 million.

Reddit, Inc. Stock Up 3.7%

As of October 16, 2026, Reddit shares are trading around $154.10, which is about equal to its 50-day moving average but 6.9% below its 200-day moving average. The stock is down approximately 41.5% from its 52-week high of $263.50, while still remaining 29.2% above its 52-week low of $119.27.

Recent Earnings

For the trailing twelve months, Reddit reported total revenue of about $2.78 billion and a net income margin of 31.3%. The company has an impressive revenue growth rate of 61.1% year-over-year. The next earnings report is expected on October 29, 2026.

Insider Buying and Selling at Reddit, Inc.

Insider trading activity has seen Chief Executive Officer Steve Ladd Huffman sell 17,308 shares on multiple occasions recently. On September 15 and September 29, he sold shares worth around $2.77 million and $2.51 million, respectively. On October 13, he sold another 17,308 shares under a planned transaction, valued at approximately $2.74 million, at an average price of $158.57.

Analysts Set New Price Targets

Analysts have maintained various ratings for Reddit. On October 9, 2026, Needham reiterated its 'Buy' rating with a price target of $300. Additionally, JP Morgan and Oppenheimer have retained their ratings with targets of $185 and $200, respectively. The consensus price target across analysts stands at $213.71 based on 33 opinions.

About Reddit, Inc.

Reddit, Inc. operates a well-known online platform where users can share information and engage in discussions on various topics. The company focuses on connecting communities and facilitating conversations, making it a popular choice for those seeking to explore interests and share experiences.

Bottom Line

Portman Square Capital’s filing sheds light on its increasing confidence in Reddit, Inc. as it continues to grow its position. With the next earnings report on October 29, 2026, investors will be looking for updates on the company's financial health and future prospects. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.