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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 75 closing their positions.

New
Increased
Maintained
Reduced
Closed

99% more first-time investments, than exits

New positions opened: 149 | Existing positions closed: 75

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: 737799 (+62)

0.76% more ownership

Funds ownership: 86.12%86.89% (+0.76%)

1% less capital invested

Capital invested by funds: $16B → $15.9B (-$151M)

Holders
799
Holders Change
+62
Holders Change %
+8.41%
% 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
75
Calls
$615M
Puts
$528M
Net Calls
+$87.3M
Net Calls Change
-$38.8M
Name Holding Trade Value Shares
Change
Change in
Stake
Capital International Investors
1
Capital International Investors
California
$1.61B -$109M -3,036,601 -6%
Vanguard Group
2
Vanguard Group
Pennsylvania
$1.59B -$2.59M -71,807 -0.2%
Fidelity Investments
3
Fidelity Investments
Massachusetts
$1.06B +$88.5M +2,455,840 +9%
BlackRock
4
BlackRock
New York
$955M +$15.2M +422,671 +2%
Jennison Associates
5
Jennison Associates
New York
$538M +$5.67M +157,394 +1%
Morgan Stanley
6
Morgan Stanley
New York
$368M +$23.6M +653,487 +7%
State Street
7
State Street
Massachusetts
$349M +$10.2M +282,282 +3%
JP Morgan Chase
8
JP Morgan Chase
New York
$333M -$19.3M -535,849 -5%
AllianceBernstein
9
AllianceBernstein
Tennessee
$331M +$40.2M +1,115,508 +14%
XL
10
XN LP
New York
$319M +$109M +3,029,856 +51%
Geode Capital Management
11
Geode Capital Management
Massachusetts
$307M +$6.1M +169,230 +2%
VH
12
ValueAct Holdings
California
$285M +$166M +4,618,077 +136%
T. Rowe Price Investment Management
13
T. Rowe Price Investment Management
Maryland
$255M -$127M -3,520,636 -33%
Sumitomo Mitsui Trust Group
14
Sumitomo Mitsui Trust Group
Japan
$250M -$17.5M -484,321 -6%
Principal Financial Group
15
Principal Financial Group
Iowa
$208M -$1.55M -42,865 -0.7%
Norges Bank
16
Norges Bank
Norway
$203M +$206M +5,711,282 New
Marshall Wace
17
Marshall Wace
United Kingdom
$188M +$7.17M +198,783 +4%
Arrowstreet Capital
18
Arrowstreet Capital
Massachusetts
$163M +$8.49M +235,572 +5%
Bank of America
19
Bank of America
North Carolina
$156M -$55M -1,526,164 -26%
GGHC
20
Gilder Gagnon Howe & Co
New York
$156M -$7.04M -195,196 -4%
BNP Paribas Asset Management
21
BNP Paribas Asset Management
France
$155M +$11.8M +328,468 +8%
HCM
22
HMI Capital Management
California
$153M +$34.6M +961,100 +29%
UBS Group
23
UBS Group
Switzerland
$150M -$10.2M -284,283 -6%
1832 Asset Management
24
1832 Asset Management
Ontario, Canada
$144M +$147M +4,064,200 New
Balyasny Asset Management
25
Balyasny Asset Management
Illinois
$143M +$145M +4,021,923 +41,116%