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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
MFG
451
Merit Financial Group
Georgia
$262K +$55.5K +1,483 +23%
BBHC
452
Brown Brothers Harriman & Co
New York
$259K
SAM
453
SP Asset Management
California
$259K
SI
454
Stonekeep Investments
New Mexico
$258K +$11.1K +297 +4%
PWPS
455
Pinnacle Wealth Planning Services
Ohio
$258K +$4.42K +118 +2%
VI
456
Vestcor Inc
New Brunswick, Canada
$257K +$974 +26 +0.3%
DAM
457
Delta Asset Management
Tennessee
$255K
AWM
458
Aries Wealth Management
Maine
$254K
YMRC
459
Yorktown Management & Research Company
Virginia
$252K +$285K +7,600 New
DJSG
460
D.J. St. Germain
Massachusetts
$249K
PDM
461
Penn Davis McFarland
Texas
$249K
UM
462
UniSuper Management
Australia
$249K
CG
463
Caprock Group
Idaho
$247K +$43.8K +1,169 +19%
SWM
464
SeaCrest Wealth Management
New York
$247K +$2.85K +76 +1%
HPC
465
HM Payson & Co
Maine
$247K -$30K -800 -10%
MIA
466
MeadowBrook Investment Advisors
Michigan
$246K +$95.9K +2,560 +53%
FIM
467
Freedom Investment Management
Connecticut
$245K -$12.5K -333 -4%
1WM
468
1858 Wealth Management
Ohio
$245K
HF
469
HRT Financial
New York
$242K +$273K +7,302 New
IFG
470
Independent Financial Group
California
$242K -$115K -3,061 -30%
PA
471
Procyon Advisors
Connecticut
$242K +$273K +7,287 New
CTA
472
Colonial Trust Advisors
South Carolina
$236K +$97.4K +2,600 +58%
WCM
473
Wallace Capital Management
Texas
$235K
Jones Financial Companies
474
Jones Financial Companies
Missouri
$234K +$126K +3,354 +93%
JGC
475
J. Goldman & Co
New York
$234K -$7.57M -202,234 -97%

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.