Toast
TOST
415 hedge funds and large institutions have $6.5B invested in Toast in 2023 Q3 according to their latest regulatory filings, with 91 funds opening new positions, 175 increasing their positions, 98 reducing their positions, and 66 closing their positions.
79% more repeat investments, than reductions
Existing positions increased: 175 | Existing positions reduced: 98
38% more first-time investments, than exits
New positions opened: 91 | Existing positions closed: 66
5% more funds holding
Funds holding: 395 → 415 (+20)
5.9% less ownership
Funds ownership: 90.18% → 84.28% (-5.9%)
12% less funds holding in top 10
Funds holding in top 10: 17 → 15 (-2)
12% less capital invested
Capital invested by funds: $7.4B → $6.5B (-$899M)
18% less call options, than puts
Call options by funds: $91.6M | Put options by funds: $112M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$156M |
| 2 |
ESCM
Echo Street Capital Management
New York
|
+$86.2M |
| 3 |
Capital International Investors
Los Angeles,
California
|
+$78M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$75.9M |
| 5 |
Two Sigma Investments
New York
|
+$42.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GIM
Generation Investment Management
London,
United Kingdom
|
-$86M |
| 2 |
FAM
Foxhaven Asset Management
Charlottesville,
Virginia
|
-$73.5M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$53.3M |
| 4 |
Goldman Sachs
New York
|
-$38.5M |
| 5 |
GCP
Greenoaks Capital Partners
Orinda,
California
|
-$38.2M |
TOST Hedge Fund Activity: Q3 2023 in Review
415 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Toast (TOST) for Q3 2023, worth a combined $6.5B — down 12% from $7.4B a quarter earlier.
Buyers outnumbered sellers: 91 funds opened new TOST positions and 66 closed out — a net gain of 25 holders — while 175 added to existing stakes and 98 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $156M. The largest seller was Generation Investment Management, cutting an estimated $86M.
- 415 institutional investors held Toast (TOST) as of Q3 2023, up from 395 in Q2 2023.
- Funds reported $6.5B of Toast stock for Q3 2023, down 12% quarter-over-quarter.
- 91 funds opened new Toast positions in Q3 2023 and 66 closed out, a net change of +25 holders.
- The largest Toast buyer in Q3 2023 was Morgan Stanley, an estimated $156M added.
- The largest Toast seller in Q3 2023 was Generation Investment Management, an estimated $86M sold.
Based on aggregated 13F filings for Q3 2023.