732 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, 287 increasing their positions, 213 reducing their positions, and 119 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:

2.92% less ownership

Funds ownership: 89.02%86.09% (-2.9%)

18% less capital invested

Capital invested by funds: $19.6B → $16B (-$3.59B)

47% less funds holding in top 10

Funds holding in top 10: 179 (-8)

Holders
732
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
Fiera Capital (Canada)
76
Fiera Capital (Canada)
Quebec, Canada
$37M
CB
77
Commerce Bank
Missouri
$36.5M
PAM
78
Panagora Asset Management
Massachusetts
$36.5M
Susquehanna International Group
79
Susquehanna International Group
Pennsylvania
$36.1M
RP
80
Riverbridge Partners
Minnesota
$35.2M
Robeco Institutional Asset Management
81
Robeco Institutional Asset Management
Netherlands
$33.4M
Alkeon Capital Management
82
Alkeon Capital Management
New York
$32.9M
California Public Employees Retirement System
83
California Public Employees Retirement System
California
$32.4M
TD Asset Management
84
TD Asset Management
Ontario, Canada
$31.2M
Kayne Anderson Rudnick Investment Management
85
Kayne Anderson Rudnick Investment Management
California
$30.9M
TI
86
Trexquant Investment
Connecticut
$30.1M
Victory Capital Management
87
Victory Capital Management
Texas
$28.4M
Man Group
88
Man Group
United Kingdom
$28.4M
RhumbLine Advisers
89
RhumbLine Advisers
Massachusetts
$27.4M
Raymond James Financial
90
Raymond James Financial
Florida
$27.2M
Janus Henderson Group
91
Janus Henderson Group
United Kingdom
$26.4M
California State Teachers Retirement System (CalSTRS)
92
California State Teachers Retirement System (CalSTRS)
California
$24.9M
CII
93
Capital International Inc
California
$23.9M
TCMX
94
Technology Crossover Management X
California
$22.8M
IC
95
Iconiq Capital
California
$22.6M
Envestnet Asset Management
96
Envestnet Asset Management
Illinois
$22.6M
CS
97
Candriam SCA
Luxembourg
$22M
AAF
98
Andra AP-fonden
Sweden
$21.3M
Mackenzie Financial
99
Mackenzie Financial
Ontario, Canada
$21.1M
PWAM
100
Park West Asset Management
California
$20.5M