718 hedge funds and large institutions have $16B invested in Toast in 2025 Q3 according to their latest regulatory filings, with 115 funds opening new positions, 278 increasing their positions, 210 reducing their positions, and 116 closing their positions.

New
Increased
Maintained
Reduced
Closed

more repeat investments, than reductions

Existing positions increased: | Existing positions reduced:

more call options, than puts

Call options by funds: $ | Put options by funds: $

less first-time investments, than exits

New positions opened: | Existing positions closed:

less funds holding

Funds holding:

3.13% less ownership

Funds ownership: 88.95%85.82% (-3.1%)

18% less capital invested

Capital invested by funds: $19.6B → $16B (-$3.62B)

47% less funds holding in top 10

Funds holding in top 10: 179 (-8)

Holders
718
Holders Change
Holders Change %
% of All Funds
Holding in Top 10
9
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
Increased
Reduced
Closed
Calls
$628M
Puts
$502M
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
CB
76
Commerce Bank
Missouri
$36.5M
PAM
77
Panagora Asset Management
Massachusetts
$36.5M
Susquehanna International Group
78
Susquehanna International Group
Pennsylvania
$36.1M
RP
79
Riverbridge Partners
Minnesota
$35.2M
Robeco Institutional Asset Management
80
Robeco Institutional Asset Management
Netherlands
$33.4M
Alkeon Capital Management
81
Alkeon Capital Management
New York
$32.9M
California Public Employees Retirement System
82
California Public Employees Retirement System
California
$32.4M
TD Asset Management
83
TD Asset Management
Ontario, Canada
$31.2M
Kayne Anderson Rudnick Investment Management
84
Kayne Anderson Rudnick Investment Management
California
$30.9M
TI
85
Trexquant Investment
Connecticut
$30.1M
Victory Capital Management
86
Victory Capital Management
Texas
$28.4M
Man Group
87
Man Group
United Kingdom
$28.4M
RhumbLine Advisers
88
RhumbLine Advisers
Massachusetts
$27.4M
Raymond James Financial
89
Raymond James Financial
Florida
$27.2M
Janus Henderson Group
90
Janus Henderson Group
United Kingdom
$26.4M
California State Teachers Retirement System (CalSTRS)
91
California State Teachers Retirement System (CalSTRS)
California
$24.9M
CII
92
Capital International Inc
California
$23.9M
TCMX
93
Technology Crossover Management X
California
$22.8M
IC
94
Iconiq Capital
California
$22.6M
Envestnet Asset Management
95
Envestnet Asset Management
Illinois
$22.6M
CS
96
Candriam SCA
Luxembourg
$22M
AAF
97
Andra AP-fonden
Sweden
$21.3M
Mackenzie Financial
98
Mackenzie Financial
Ontario, Canada
$21.1M
PWAM
99
Park West Asset Management
California
$20.5M
TC
100
TwinBeech Capital
New York
$18.9M