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799 hedge funds and large institutions have $15.9B invested in Toast in 2025 Q4 according to their latest regulatory filings, with 149 funds opening new positions, 292 increasing their positions, 249 reducing their positions, and 75 closing their positions.

New
Increased
Maintained
Reduced
Closed

99% more first-time investments, than exits

New positions opened: 149 | Existing positions closed: 75

78% more funds holding in top 10

Funds holding in top 10: 916 (+7)

17% more repeat investments, than reductions

Existing positions increased: 292 | Existing positions reduced: 249

17% more call options, than puts

Call options by funds: $615M | Put options by funds: $528M

8% more funds holding

Funds holding: 737799 (+62)

0.76% more ownership

Funds ownership: 86.12%86.89% (+0.76%)

1% less capital invested

Capital invested by funds: $16B → $15.9B (-$151M)

Holders
799
Holders Change
+62
Holders Change %
+8.41%
% of All Funds
9.72%
Holding in Top 10
16
Holding in Top 10 Change
+7
Holding in Top 10 Change %
+77.78%
% of All Funds
0.19%
New
149
Increased
292
Reduced
249
Closed
75
Calls
$615M
Puts
$528M
Net Calls
+$87.3M
Net Calls Change
-$38.8M
Name Holding Trade Value Shares
Change
Change in
Stake
NAMA
26
Nikko Asset Management Americas
New York
$135M -$17.2M -477,176 -11%
Qube Research & Technologies (QRT)
27
Qube Research & Technologies (QRT)
United Kingdom
$130M -$103M -2,856,316 -44%
Renaissance Technologies
28
Renaissance Technologies
New York
$123M +$35.8M +993,116 +40%
T. Rowe Price Associates
29
T. Rowe Price Associates
Maryland
$121M -$65.2M -1,807,440 -35%
Federated Hermes
30
Federated Hermes
Pennsylvania
$116M -$9.29M -257,624 -7%
Northern Trust
31
Northern Trust
Illinois
$115M +$4.27M +118,317 +4%
WorldQuant Millennium Advisors
32
WorldQuant Millennium Advisors
New York
$104M -$15.5M -430,924 -13%
CIP
33
Champlain Investment Partners
Vermont
$103M +$16.9M +468,953 +19%
Amundi
34
Amundi
France
$94.9M +$11.9M +330,003 +14%
EAM
35
Eventide Asset Management
Massachusetts
$88.3M +$161K +4,465 +0.2%
Charles Schwab
36
Charles Schwab
California
$88.1M +$5.03M +139,578 +6%
DCP
37
Durable Capital Partners
Maryland
$81.6M -$146M -4,061,875 -64%
Millennium Management
38
Millennium Management
New York
$80.4M +$2.67M +73,990 +3%
AIM
39
ARK Investment Management
Florida
$69.8M -$3.5M -97,090 -5%
GC
40
Greenvale Capital
United Kingdom
$67.5M +$68.5M +1,900,000 New
UBS AM
41
UBS AM
Illinois
$67.1M -$195K -5,403 -0.3%
GF
42
Greenhouse Funds
Maryland
$66.1M +$67.1M +1,860,143 New
ZCI
43
Zevenbergen Capital Investments
Washington
$65.9M -$9.46M -262,314 -12%
1WCM
44
12 West Capital Management
New York
$65.6M +$2.34M +65,000 +4%
BNP Paribas Financial Markets
45
BNP Paribas Financial Markets
France
$64.8M +$9.97M +276,584 +18%
NAMI
46
Nomura Asset Management International
Pennsylvania
$64.1M +$65M +1,803,846 New
SIMG
47
Stephens Investment Management Group
Texas
$62.1M +$297K +8,237 +0.5%
William Blair & Company
48
William Blair & Company
Illinois
$58.9M +$1.53M +42,412 +3%
Goldman Sachs
49
Goldman Sachs
New York
$56.8M -$29.7M -824,846 -34%
Vontobel Holding
50
Vontobel Holding
Switzerland
$55.6M +$16.8M +465,926 +42%