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738 hedge funds and large institutions have $16B invested in Toast in 2025 Q3 according to their latest regulatory filings, with 116 funds opening new positions, 288 increasing their positions, 216 reducing their positions, and 119 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more repeat investments, than reductions

Existing positions increased: 288 | Existing positions reduced: 216

25% more call options, than puts

Call options by funds: $628M | Put options by funds: $502M

3% less first-time investments, than exits

New positions opened: 116 | Existing positions closed: 119

1% less funds holding

Funds holding: 749738 (-11)

2.92% less ownership

Funds ownership: 89.05%86.13% (-2.9%)

18% less capital invested

Capital invested by funds: $19.6B → $16B (-$3.59B)

47% less funds holding in top 10

Funds holding in top 10: 179 (-8)

Holders
738
Holders Change
-11
Holders Change %
-1.47%
% of All Funds
9.69%
Holding in Top 10
9
Holding in Top 10 Change
-8
Holding in Top 10 Change %
-47.06%
% of All Funds
0.12%
New
116
Increased
288
Reduced
216
Closed
119
Calls
$628M
Puts
$502M
Net Calls
+$126M
Net Calls Change
+$41.6M
Name Holding Trade Value Shares
Change
Change in
Stake
Capital International Investors
1
Capital International Investors
California
$1.77B +$145M +3,351,545 +7%
Vanguard Group
2
Vanguard Group
Pennsylvania
$1.63B +$15.3M +352,435 +0.8%
Fidelity Investments
3
Fidelity Investments
Massachusetts
$999M +$28.5M +656,750 +2%
BlackRock
4
BlackRock
New York
$967M +$32.4M +747,469 +3%
Jennison Associates
5
Jennison Associates
New York
$548M +$278M +6,398,674 +74%
T. Rowe Price Investment Management
6
T. Rowe Price Investment Management
Maryland
$390M -$154M -3,542,804 -25%
JP Morgan Chase
7
JP Morgan Chase
New York
$362M -$21.3M -491,204 -5%
Morgan Stanley
8
Morgan Stanley
New York
$355M +$2.64M +60,911 +0.6%
State Street
9
State Street
Massachusetts
$348M +$14.1M +325,423 +4%
Geode Capital Management
10
Geode Capital Management
Massachusetts
$310M +$26.2M +603,307 +8%
AllianceBernstein
11
AllianceBernstein
Tennessee
$300M +$343M +7,891,383 +2,433%
Sumitomo Mitsui Trust Group
12
Sumitomo Mitsui Trust Group
Japan
$274M +$86.1M +1,982,566 +36%
Qube Research & Technologies (QRT)
13
Qube Research & Technologies (QRT)
United Kingdom
$238M -$9.21M -212,128 -3%
DCP
14
Durable Capital Partners
Maryland
$232M -$169M -3,884,826 -38%
XL
15
XN LP
New York
$218M +$32.4M +746,562 +14%
Bank of America
16
Bank of America
North Carolina
$216M -$17.4M -399,674 -6%
Principal Financial Group
17
Principal Financial Group
Iowa
$216M +$6.61M +152,198 +3%
T. Rowe Price Associates
18
T. Rowe Price Associates
Maryland
$191M -$297M -6,849,955 -57%
Marshall Wace
19
Marshall Wace
United Kingdom
$186M -$121M -2,793,624 -35%
GGHC
20
Gilder Gagnon Howe & Co
New York
$167M +$9.08M +209,153 +5%
UBS Group
21
UBS Group
Switzerland
$164M -$69.3M -1,597,111 -26%
Arrowstreet Capital
22
Arrowstreet Capital
Massachusetts
$159M +$37.6M +865,326 +25%
NAMA
23
Nikko Asset Management Americas
New York
$156M -$16.6M -383,321 -8%
BNP Paribas Asset Management
24
BNP Paribas Asset Management
France
$148M +$25.5M +587,294 +17%
Federated Hermes
25
Federated Hermes
Pennsylvania
$129M -$21.6M -498,248 -12%