Toast
TOST
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.
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: 631 → 660 (+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: 16 → 13 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$246M |
| 2 |
Principal Financial Group
Des Moines,
Iowa
|
+$204M |
| 3 |
JP Morgan Chase
New York
|
+$187M |
| 4 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$131M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$99.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VH
ValueAct Holdings
San Francisco,
California
|
-$223M |
| 2 |
WRCM
Whale Rock Capital Management
Boston,
Massachusetts
|
-$220M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$177M |
| 4 |
DCP
Durable Capital Partners
Bethesda,
Maryland
|
-$173M |
| 5 |
Goldman Sachs
New York
|
-$113M |
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.