726 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, 284 increasing their positions, 211 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:

3.14% less ownership

Funds ownership: 89.01%85.87% (-3.1%)

18% less capital invested

Capital invested by funds: $19.6B → $16B (-$3.63B)

47% less funds holding in top 10

Funds holding in top 10: 179 (-8)

Holders
726
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
MSV
176
MN Services Vermogensbeheer
Netherlands
$6.07M
MML Investors Services
177
MML Investors Services
Massachusetts
$5.91M
Rockefeller Capital Management
178
Rockefeller Capital Management
New York
$5.86M
State of New Jersey Common Pension Fund D
179
State of New Jersey Common Pension Fund D
New Jersey
$5.86M
SFI
180
Susquehanna Fundamental Investments
Pennsylvania
$5.82M
AAIS
181
ABN AMRO Investment Solutions
$5.75M
SCV
182
Sands Capital Ventures
Virginia
$5.72M
HSBC Holdings
183
HSBC Holdings
United Kingdom
$5.62M
GC
184
Globeflex Capital
California
$5.36M
Daiwa Securities Group
185
Daiwa Securities Group
Japan
$5.25M
Ohio Public Employees Retirement System (OPERS)
186
Ohio Public Employees Retirement System (OPERS)
Ohio
$5.18M
Thrivent Financial for Lutherans
187
Thrivent Financial for Lutherans
Minnesota
$5.1M
RAM
188
Resona Asset Management
Japan
$5.09M
PP
189
PDT Partners
New York
$5M
Nordea Investment Management
190
Nordea Investment Management
Sweden
$4.99M
Natixis Advisors
191
Natixis Advisors
Massachusetts
$4.98M
Nomura Asset Management
192
Nomura Asset Management
Japan
$4.96M
NS
193
Night Squared
New York
$4.96M
EF
194
Empowered Funds
Pennsylvania
$4.92M
LF
195
Lansforsakringar Fondforvaltning
Sweden
$4.9M
KIG
196
Kessler Investment Group
Indiana
$4.87M
IMCOOI
197
Investment Management Corp of Ontario (IMCO)
Canada
$4.87M
ASRS
198
Arizona State Retirement System
Arizona
$4.83M
Bank of Montreal
199
Bank of Montreal
Ontario, Canada
$4.79M
VCM
200
Voleon Capital Management
California
$4.76M