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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
DIM
401
DC Investments Management
Virginia
$428K +$483K +12,902 New
FAIM
402
Financial Advocates Investment Management
Washington
$426K -$9.92K -265 -2%
CSP
403
Cary Street Partners
Virginia
$415K -$3.67K -98 -0.8%
KP
404
Keel Point
Alabama
$413K +$6.55K +175 +1%
RCG
405
Regatta Capital Group
California
$411K +$41K +1,094 +10%
QI
406
Qtron Investments
Massachusetts
$407K
PTC
407
Petrus Trust Company
Texas
$407K +$459K +12,262 New
TFA
408
Trinity Financial Advisors
Ohio
$405K -$7.04K -188 -1%
PNC Financial Services Group
409
PNC Financial Services Group
Pennsylvania
$397K +$187K +4,989 +71%
AAM
410
AR Asset Management
California
$391K
SA
411
Sanctuary Advisors
Indiana
$387K +$57.1K +1,524 +15%
Janus Henderson Group
412
Janus Henderson Group
United Kingdom
$386K
FDCDDQ
413
Federation des caisses Desjardins du Quebec
Quebec, Canada
$383K +$218K +5,813 +101%
JG
414
Jain Global
New York
$381K -$3.04M -81,116 -88%
WWM
415
Western Wealth Management
Colorado
$381K +$431K +11,498 New
PA
416
Pinnacle Associates
New York
$377K +$187 +5 +0%
LOAMS
417
Lombard Odier Asset Management (Switzerland)
Switzerland
$375K +$424K +11,314 New
RIM
418
Rakuten Investment Management
Japan
$371K +$414K +11,047 New
SMA
419
Seven Mile Advisory
New Jersey
$367K +$2.25K +60 +0.5%
P
420
&Partners
Tennessee
$361K -$39.5K -1,055 -9%
Lido Advisors
421
Lido Advisors
California
$360K +$407K +10,857 New
WPC
422
Wedmont Private Capital
Pennsylvania
$358K +$393K +10,506 New
HWM
423
HB Wealth Management
Georgia
$357K +$403K +10,752 New
SCA
424
STALEY CAPITAL ADVISERS
Pennsylvania
$352K
CIG
425
Cascade Investment Group
Colorado
$349K -$374 -10 -0.1%

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.