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
MML Investors Services
176
MML Investors Services
Massachusetts
$5.91M
Rockefeller Capital Management
177
Rockefeller Capital Management
New York
$5.86M
State of New Jersey Common Pension Fund D
178
State of New Jersey Common Pension Fund D
New Jersey
$5.86M
SFI
179
Susquehanna Fundamental Investments
Pennsylvania
$5.82M
AAIS
180
ABN AMRO Investment Solutions
$5.75M
SCV
181
Sands Capital Ventures
Virginia
$5.72M
HSBC Holdings
182
HSBC Holdings
United Kingdom
$5.62M
GC
183
Globeflex Capital
California
$5.36M
Daiwa Securities Group
184
Daiwa Securities Group
Japan
$5.25M
Ohio Public Employees Retirement System (OPERS)
185
Ohio Public Employees Retirement System (OPERS)
Ohio
$5.18M
Thrivent Financial for Lutherans
186
Thrivent Financial for Lutherans
Minnesota
$5.1M
RAM
187
Resona Asset Management
Japan
$5.09M
PP
188
PDT Partners
New York
$5M
Nordea Investment Management
189
Nordea Investment Management
Sweden
$4.99M
Natixis Advisors
190
Natixis Advisors
Massachusetts
$4.98M
Nomura Asset Management
191
Nomura Asset Management
Japan
$4.96M
NS
192
Night Squared
New York
$4.96M
EF
193
Empowered Funds
Pennsylvania
$4.92M
LF
194
Lansforsakringar Fondforvaltning
Sweden
$4.9M
KIG
195
Kessler Investment Group
Indiana
$4.87M
IMCOOI
196
Investment Management Corp of Ontario (IMCO)
Canada
$4.87M
ASRS
197
Arizona State Retirement System
Arizona
$4.83M
Bank of Montreal
198
Bank of Montreal
Ontario, Canada
$4.79M
VCM
199
Voleon Capital Management
California
$4.76M
Mercer Global Advisors
200
Mercer Global Advisors
Colorado
$4.76M