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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 76 closing their positions.

New
Increased
Maintained
Reduced
Closed

96% more first-time investments, than exits

New positions opened: 149 | Existing positions closed: 76

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: 738799 (+61)

0.76% more ownership

Funds ownership: 86.13%86.89% (+0.76%)

1% less capital invested

Capital invested by funds: $16B → $15.9B (-$152M)

Holders
799
Holders Change
+61
Holders Change %
+8.27%
% 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
76
Calls
$615M
Puts
$528M
Net Calls
+$87.3M
Net Calls Change
-$38.8M
Name Holding Trade Value Shares
Change
Change in
Stake
VSQM
651
V-Square Quantitative Management
Illinois
$22.9K +$23.2K +644 New
AAP
652
Arax Advisory Partners
Colorado
$21.3K -$7.97K -221 -27%
AW
653
Avion Wealth
Texas
$21K -$1.08K -30 -5%
WTC
654
WhitTier Trust Company
Nevada
$20.6K -$72 -2 -0.3%
MA
655
Montag & Associates
Georgia
$19K -$8.9K -247 -32%
VIS
656
Vega Investment Solutions
France
$18.9K +$19.2K +532 New
RCM
657
Raleigh Capital Management
North Carolina
$18.3K -$1.08K -30 -6%
AA
658
Ancora Advisors
Ohio
$18.3K
HIA
659
Harbor Investment Advisory
Maryland
$17.8K -$332K -9,200 -95%
HNW
660
High Note Wealth
Minnesota
$17.4K -$108 -3 -0.6%
WA
661
WPG Advisers
Maryland
$17.2K -$433 -12 -2%
CSB
662
City State Bank
Iowa
$16.7K +$6.13K +170 +57%
FF
663
Finley Financial
Nevada
$16.7K +$9.23K +256 +120%
CFB
664
Cullen/Frost Bankers
Texas
$16K -$29K -804 -64%
ZBNA
665
Zions Bancorporation, National Association
Utah
$15.6K +$15.8K +438 New
RAM
666
Reflection Asset Management
South Carolina
$15.5K +$15.7K +436 New
GC
667
Gould Capital
Washington
$14.7K +$4.9K +136 +49%
RS
668
Rakuten Securities
Japan
$14.6K +$6.67K +185 +82%
TFA
669
Transamerica Financial Advisors
Florida
$14.2K +$5.05K +140 +54%
BCM
670
Berbice Capital Management
New York
$14.2K
RIAS
671
Rachor Investment Advisory Services
Michigan
$14.1K +$14.3K +398 New
SIC
672
SJS Investment Consulting
Ohio
$13.2K +$10.1K +279 +297%
SL
673
Salomon & Ludwin
Virginia
$12.8K
RBI
674
Raiffeisen Bank International
Austria
$12.4K
AUB
675
Atlantic Union Bankshares
Virginia
$12.3K -$6.34K -176 -34%