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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
LSA
551
Leonteq Securities AG
Switzerland
$32.5K +$6.48K +173 +21%
PPC
552
Park Place Capital
Alabama
$32.1K
AF
553
Allworth Financial
California
$28.7K -$86.9K -2,322 -74%
SAM
554
Smartleaf Asset Management
Massachusetts
$26.5K -$1.42K -38 -5%
SFGP
555
Stonebridge Financial Group (Pennsylvania)
Pennsylvania
$26.2K -$5.35K -143 -15%
SWM
556
Spire Wealth Management
Virginia
$24.9K -$16.8K -450 -38%
HIA
557
Harbor Investment Advisory
Maryland
$24.9K
EB
558
Eastern Bank
Massachusetts
$21.6K
CPG
559
Cornerstone Planning Group
New Jersey
$21.5K +$674 +18 +3%
RCM
560
Raleigh Capital Management
North Carolina
$21.4K -$31.3K -836 -56%
RS
561
Rakuten Securities
Japan
$21.2K +$19.3K +515 +412%
GWM
562
Geneos Wealth Management
Colorado
$18.7K +$10K +268 +339%
AW
563
Avion Wealth
Texas
$18K
TRCT
564
Tower Research Capital (TRC)
New York
$17.8K -$145K -3,874 -88%
QC
565
Quent Capital
New York
$17.1K
AA
566
Ancora Advisors
Ohio
$17K
BOJHT
567
Bank of Jackson Hole Trust
Wyoming
$16.6K +$16.1K +430 New
GM
568
GeoWealth Management
Illinois
$16.3K +$4.23K +113 +30%
TPCW
569
TD Private Client Wealth
New York
$16.1K +$524 +14 +3%
MPWT
570
MassMutual Private Wealth & Trust
Connecticut
$16.1K +$14K +375 +341%
ST
571
Smithfield Trust
Pennsylvania
$16K +$18.4K +492 New
PA
572
PSI Advisors
Florida
$13.9K
BCMLT
573
Beacon Capital Management LLC (Tennessee)
Tennessee
$13.6K -$749 -20 -5%
BCM
574
Berbice Capital Management
New York
$13.3K +$3.74K +100 +33%
CTC
575
Central Trust Company
Missouri
$13.3K +$15K +400 New

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.