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660 hedge funds and large institutions have $14.1B invested in Toast in 2025 Q1 according to their latest regulatory filings, with 115 funds opening new positions, 283 increasing their positions, 172 reducing their positions, and 81 closing their positions.

New
Increased
Maintained
Reduced
Closed

65% more repeat investments, than reductions

Existing positions increased: 283 | Existing positions reduced: 172

42% more first-time investments, than exits

New positions opened: 115 | Existing positions closed: 81

30% more call options, than puts

Call options by funds: $440M | Put options by funds: $338M

5% more funds holding

Funds holding: 631660 (+29)

2.49% less ownership

Funds ownership: 88.48%86% (-2.5%)

7% less capital invested

Capital invested by funds: $15.2B → $14.1B (-$1.09B)

19% less funds holding in top 10

Funds holding in top 10: 1613 (-3)

Holders
660
Holders Change
+29
Holders Change %
+4.6%
% of All Funds
8.85%
Holding in Top 10
13
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-18.75%
% of All Funds
0.17%
New
115
Increased
283
Reduced
172
Closed
81
Calls
$440M
Puts
$338M
Net Calls
+$102M
Net Calls Change
+$11.8M
Name Holding Trade Value Shares
Change
Change in
Stake
P8IP
301
Pier 88 Investment Partners
California
$1.14M -$379K -10,130 -23%
RL
302
Retireful LLC
Michigan
$1.11M +$1.23M +32,949 New
CAPTRUST Financial Advisors
303
CAPTRUST Financial Advisors
North Carolina
$1.09M +$91.3K +2,439 +8%
SAM
304
Silvercrest Asset Management
New York
$1.09M +$30.2K +806 +3%
SSIM
305
Sheets Smith Investment Management
Texas
$1.09M -$395K -10,561 -24%
AB
306
Amalgamated Bank
New York
$1.09M +$80.7K +2,154 +7%
SRL
307
Scientech Research LLC
New Jersey
$1.06M +$1.2M +32,104 New
LAM
308
Lewis Asset Management
California
$1.05M -$191K -5,093 -14%
ALMGDA
309
AG2R La Mondiale Gestion d'Actifs
France
$1.01M +$901K +24,061 New
PAG
310
Private Advisor Group
New Jersey
$1.01M +$54.9K +1,466 +5%
VFA
311
Values First Advisors
Tennessee
$1M +$93.4K +2,495 +9%
BC
312
Bayforest Capital
United Kingdom
$999K +$768K +20,518 +214%
CM
313
Churchill Management
California
$998K -$118K -3,150 -9%
BP
314
BBR Partners
New York
$995K -$101K -2,692 -8%
SLAM
315
Swiss Life Asset Management
$976K +$171K +4,561 +18%
VPIM
316
Vanguard Personalized Indexing Management
California
$975K +$179K +4,777 +19%
FPW
317
Fairvoy Private Wealth
Alabama
$967K +$102K +2,731 +10%
KIA
318
Knollwood Investment Advisory
Maryland
$963K
AC
319
AXQ Capital
New Jersey
$959K +$340K +9,078 +46%
JFG
320
Jefferies Financial Group
New York
$953K +$37.1K +991 +4%
MIM
321
MetLife Investment Management
New Jersey
$944K +$20.3K +543 +2%
SO
322
STRS Ohio
Ohio
$920K -$73K -1,950 -7%
SG Americas Securities
323
SG Americas Securities
New York
$877K +$989K +26,425 New
LA
324
Legacy Advisors
Pennsylvania
$873K +$16.4K +438 +2%
Bank of Montreal
325
Bank of Montreal
Ontario, Canada
$868K +$63.2K +1,689 +7%

TOST Hedge Fund Activity: Q1 2025 in Review

660 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in Toast (TOST) for Q1 2025, worth a combined $14.1B — down 7.2% from $15.2B a quarter earlier.

Buyers outnumbered sellers: 115 funds opened new TOST positions and 81 closed out — a net gain of 34 holders — while 283 added to existing stakes and 172 trimmed.

The largest buyer was Bank of America, adding an estimated $246M. The largest seller was ValueAct Holdings, cutting an estimated $223M.

  • 660 institutional investors held Toast (TOST) as of Q1 2025, up from 631 in Q4 2024.
  • Funds reported $14.1B of Toast stock for Q1 2025, down 7.2% quarter-over-quarter.
  • 115 funds opened new Toast positions in Q1 2025 and 81 closed out, a net change of +34 holders.
  • The largest Toast buyer in Q1 2025 was Bank of America, an estimated $246M added.
  • The largest Toast seller in Q1 2025 was ValueAct Holdings, an estimated $223M sold.

Based on aggregated 13F filings for Q1 2025.