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738 hedge funds and large institutions have $16B invested in Toast in 2025 Q3 according to their latest regulatory filings, with 116 funds opening new positions, 288 increasing their positions, 216 reducing their positions, and 119 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more repeat investments, than reductions

Existing positions increased: 288 | Existing positions reduced: 216

25% more call options, than puts

Call options by funds: $628M | Put options by funds: $502M

3% less first-time investments, than exits

New positions opened: 116 | Existing positions closed: 119

1% less funds holding

Funds holding: 749738 (-11)

2.92% less ownership

Funds ownership: 89.05%86.13% (-2.9%)

18% less capital invested

Capital invested by funds: $19.6B → $16B (-$3.59B)

47% less funds holding in top 10

Funds holding in top 10: 179 (-8)

Holders
738
Holders Change
-11
Holders Change %
-1.47%
% of All Funds
9.69%
Holding in Top 10
9
Holding in Top 10 Change
-8
Holding in Top 10 Change %
-47.06%
% of All Funds
0.12%
New
116
Increased
288
Reduced
216
Closed
119
Calls
$628M
Puts
$502M
Net Calls
+$126M
Net Calls Change
+$41.6M
Name Holding Trade Value Shares
Change
Change in
Stake
VH
26
ValueAct Holdings
California
$124M +$147M +3,397,200 New
WorldQuant Millennium Advisors
27
WorldQuant Millennium Advisors
New York
$123M +$68.5M +1,578,627 +88%
HCM
28
HMI Capital Management
California
$122M +$22.7M +522,200 +19%
Lord, Abbett & Co
29
Lord, Abbett & Co
New Jersey
$121M +$949K +21,853 +0.7%
Northern Trust
30
Northern Trust
Illinois
$114M +$11.2M +256,867 +9%
Invesco
31
Invesco
Georgia
$95.3M -$31.2M -719,157 -22%
EAM
32
Eventide Asset Management
Massachusetts
$90.6M +$312K +7,177 +0.3%
Renaissance Technologies
33
Renaissance Technologies
New York
$89.8M +$738K +17,000 +0.7%
CIP
34
Champlain Investment Partners
Vermont
$89M -$20.7M -477,777 -16%
Goldman Sachs
35
Goldman Sachs
New York
$88.5M -$24.3M -558,772 -19%
Amundi
36
Amundi
France
$86.6M +$22.2M +511,711 +28%
Charles Schwab
37
Charles Schwab
California
$85.4M -$41.7M -959,889 -29%
Franklin Resources
38
Franklin Resources
California
$84.2M +$12.9M +297,295 +15%
Millennium Management
39
Millennium Management
New York
$79.9M +$7.48M +172,207 +9%
ZCI
40
Zevenbergen Capital Investments
Washington
$77.3M -$1.69M -38,857 -2%
AIM
41
ARK Investment Management
Florida
$75.3M +$8.06M +185,574 +10%
Two Sigma Investments
42
Two Sigma Investments
New York
$69.9M +$4.58M +105,513 +6%
Macquarie Group
43
Macquarie Group
Australia
$69.6M +$5.47M +126,019 +7%
UBS AM
44
UBS AM
Illinois
$69.2M -$18.9M -434,849 -19%
1WCM
45
12 West Capital Management
New York
$65.1M +$868K +20,000 +1%
SIMG
46
Stephens Investment Management Group
Texas
$63.6M -$6.56M -151,064 -8%
Neuberger Berman Group
47
Neuberger Berman Group
New York
$61M +$8.58M +197,547 +13%
Royal Bank of Canada
48
Royal Bank of Canada
Ontario, Canada
$60.4M +$35M +805,769 +95%
First Trust Advisors
49
First Trust Advisors
Illinois
$59.9M -$10.4M -239,668 -13%
William Blair & Company
50
William Blair & Company
Illinois
$59M +$172K +3,966 +0.2%