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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
Two Sigma Advisers
151
Two Sigma Advisers
New York
$9.02M -$8.06M -223,600 -47%
CFM
152
Crawford Fund Management
Massachusetts
$9.02M +$4.61M +127,886 +101%
IFO
153
Independent Family Office
New York
$8.88M -$721K -20,000 -7%
DB
154
Danske Bank
Denmark
$8.8M +$213K +5,900 +2%
ACA
155
Apis Capital Advisors
New York
$8.59M +$8.72M +242,000 New
AAM
156
Arohi Asset Management
Singapore
$8.58M +$8.71M +241,500 New
AAIS
157
ABN AMRO Investment Solutions
$8.47M +$2.92M +80,985 +51%
Ensign Peak Advisors
158
Ensign Peak Advisors
Utah
$8.39M -$3.62M -100,388 -30%
IC
159
IEQ Capital
California
$8.39M -$703K -19,498 -8%
WIA
160
Westbourne Investment Advisors
Maryland
$8.29M +$987K +27,376 +13%
FAF
161
Första AP-fonden
Sweden
$8.23M -$2.34M -65,000 -22%
AC
162
Armistice Capital
New York
$8.09M -$2.1M -58,283 -20%
LPL Financial
163
LPL Financial
California
$7.77M -$1.12M -31,195 -12%
Capital Fund Management (CFM)
164
Capital Fund Management (CFM)
France
$7.19M -$2.51M -69,514 -26%
JG
165
Jain Global
New York
$7.16M -$2.53M -70,191 -26%
UOC
166
UBS O'Connor
Illinois
$7.1M +$4.33M +120,000 +150%
Treasurer of the State of North Carolina
167
Treasurer of the State of North Carolina
North Carolina
$6.89M -$326K -9,031 -4%
Nomura Holdings
168
Nomura Holdings
Japan
$6.87M -$241K -6,679 -3%
Canada Life
169
Canada Life
Manitoba, Canada
$6.84M -$1.62M -44,986 -19%
MML Investors Services
170
MML Investors Services
Massachusetts
$6.84M +$1.11M +30,853 +19%
MMA
171
Miracle Mile Advisors
California
$6.82M +$1.95K +54 +0%
HighTower Advisors
172
HighTower Advisors
Illinois
$6.81M +$638K +17,707 +10%
PP
173
PDT Partners
New York
$6.76M +$1.92M +53,366 +39%
PGH
174
Partners Group Holding
Switzerland
$6.57M +$6.67M +185,085 New
Osaic Holdings
175
Osaic Holdings
Arizona
$6.53M -$3.53M -97,843 -35%