We are live on ! Find out more

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
Wealth Enhancement Advisory Services
326
Wealth Enhancement Advisory Services
Minnesota
$866K +$126K +3,355 +15%
RBC
327
Romano Brothers & Co
Illinois
$829K
Truist Financial
328
Truist Financial
North Carolina
$827K -$142K -3,780 -13%
OSAM
329
O'Shaughnessy Asset Management
Connecticut
$825K +$68.6K +1,833 +8%
URS
330
Utah Retirement Systems
Utah
$823K +$15.2K +406 +2%
PCA
331
Pallas Capital Advisors
Massachusetts
$816K +$922K +24,613 New
Schroder Investment Management Group
332
Schroder Investment Management Group
United Kingdom
$816K -$46.1K -1,231 -5%
TI
333
Tidal Investments
Wisconsin
$805K -$1.9M -50,694 -68%
Calamos Advisors
334
Calamos Advisors
Illinois
$792K +$894K +23,865 New
Kovitz Investment Group Partners
335
Kovitz Investment Group Partners
Illinois
$782K +$882K +23,568 New
TWM
336
Trevian Wealth Management
Massachusetts
$772K
TC
337
TownSquare Capital
Utah
$767K +$547K +14,608 +171%
DT
338
Diversified Trust
Tennessee
$764K +$62K +1,656 +8%
VIM
339
Vinva Investment Management
Australia
$758K -$1.25M -33,476 -60%
CIA
340
Concurrent Investment Advisors
Florida
$757K +$854K +22,808 New
QCM
341
Quantinno Capital Management
New York
$748K +$525K +14,012 +164%
Manulife (Manufacturers Life Insurance)
342
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$746K -$1.83M -48,764 -68%
EI
343
Ethic Inc
New York
$744K +$470K +12,559 +137%
CMF
344
Counterpoint Mutual Funds
California
$721K +$135K +3,603 +20%
AI
345
Atria Investments
North Carolina
$716K +$92.1K +2,460 +13%
MSRPS
346
Maryland State Retirement & Pension System
Maryland
$702K -$157K -4,180 -16%
AG
347
Ascent Group
Virginia
$697K +$60.8K +1,624 +8%
BMO
348
Beck Mack & Oliver
New York
$694K
SPC
349
Sigma Planning Corp
Michigan
$694K +$783K +20,912 New
GIBU
350
Gulf International Bank (UK)
United Kingdom
$681K

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.