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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
SOMRS
176
State of Michigan Retirement System
Michigan
$6.5M
HSBC Holdings
177
HSBC Holdings
United Kingdom
$6.45M +$938K +26,032 +17%
Walleye Capital
178
Walleye Capital
New York
$6.3M +$6.04M +167,464 +1,691%
MGAM
179
McGowan Group Asset Management
Texas
$6.27M +$13K +361 +0.2%
RIL
180
Rothschild Investment LLC
Illinois
$6.27M +$6.35M +176,114 +37,077%
Mercer Global Advisors
181
Mercer Global Advisors
Colorado
$6.27M +$1.84M +51,079 +39%
Squarepoint
182
Squarepoint
New York
$6.14M -$42.9M -1,189,628 -87%
Asset Management One
183
Asset Management One
Japan
$6.14M -$154K -4,271 -2%
Lord, Abbett & Co
184
Lord, Abbett & Co
New Jersey
$6.12M -$113M -3,148,033 -95%
WG
185
Winton Group
United Kingdom
$6.11M +$6.21M +172,180 New
Pictet Asset Management
186
Pictet Asset Management
Switzerland
$6.11M +$78.6K +2,180 +1%
KK
187
KLP Kapitalforvaltning
Norway
$6.09M +$68.5K +1,900 +1%
Rockefeller Capital Management
188
Rockefeller Capital Management
New York
$6.01M +$313K +8,676 +5%
MSV
189
MN Services Vermogensbeheer
Netherlands
$5.98M +$82.3K +2,283 +1%
Macquarie Group
190
Macquarie Group
Australia
$5.98M -$62.6M -1,737,362 -91%
Cerity Partners
191
Cerity Partners
New York
$5.91M +$2.97M +82,505 +98%
WWA
192
WCG Wealth Advisors
Nevada
$5.87M +$5.96M +165,435 New
Thrivent Financial for Lutherans
193
Thrivent Financial for Lutherans
Minnesota
$5.86M +$909K +25,208 +18%
Natixis Advisors
194
Natixis Advisors
Massachusetts
$5.82M +$985K +27,328 +20%
State of New Jersey Common Pension Fund D
195
State of New Jersey Common Pension Fund D
New Jersey
$5.74M +$43.6K +1,209 +0.8%
Ameriprise
196
Ameriprise
Minnesota
$5.74M +$1.67M +46,233 +40%
OAM
197
OP Asset Management
$5.65M +$3.01M +83,581 +111%
MIF
198
Mediolanum International Funds
Ireland
$5.65M -$1.16M -32,244 -17%
DF
199
DNCA Finance
France
$5.62M -$1.35M -37,350 -19%
Bank Julius Baer & Co
200
Bank Julius Baer & Co
Switzerland
$5.6M -$387K -10,723 -6%