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Toast, Inc.

TOST
Exchange
NYSE
Industry
Services-Computer Processing & Data Preparation
SEC CIK
0001650164

In the last 90 days, Toast, Inc. insiders filed 0 open-market purchases and 18 sales; 774 institutions reported holding it in 13F filings for Q2 2026, worth $13.4B in total; superinvestors ValueAct Capital and ARK Invest hold it.

13F holders, Q4 2025

Institutional positions in Toast, Inc. as of Dec 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
804
+77 vs. Q3 2025
Shares held
447.5M
+8.50M (+1.9%) vs. Q3 2025
Total value
$15.9B
−$141.5M (−0.9%) vs. Q3 2025
New holders
153
292 more added
Sold out
76
249 more reduced

13 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q3 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting TOST on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ4 2025: 804 institutions
Q1 2021: 0 institutionsQ2 2021: 0 institutionsQ3 2021: 121 institutionsQ4 2021: 161 institutionsQ1 2022: 183 institutionsQ2 2022: 239 institutionsQ3 2022: 285 institutionsQ4 2022: 345 institutionsQ1 2023: 365 institutionsQ2 2023: 395 institutionsQ3 2023: 416 institutionsQ4 2023: 442 institutionsQ1 2024: 473 institutionsQ2 2024: 505 institutionsQ3 2024: 519 institutionsQ4 2024: 631 institutionsQ1 2025: 659 institutionsQ2 2025: 750 institutionsQ3 2025: 740 institutionsQ4 2025: 804 institutionsQ1 2026: 761 institutionsQ2 2026: 774 institutions
Value heldQ4 2025: $16.1B
Q1 2021: $0Q2 2021: $0Q3 2021: $2.38BQ4 2021: $4.80BQ1 2022: $3.63BQ2 2022: $3.05BQ3 2022: $4.48BQ4 2022: $5.47BQ1 2023: $5.98BQ2 2023: $7.44BQ3 2023: $6.51BQ4 2023: $6.50BQ1 2024: $9.45BQ2 2024: $10.1BQ3 2024: $11.7BQ4 2024: $15.2BQ1 2025: $14.1BQ2 2025: $19.7BQ3 2025: $16.4BQ4 2025: $16.1BQ1 2026: $11.9BQ2 2026: $13.4B
Institutions holding TOST and their total value by quarter
QuarterHoldersValue
Q2 2026774$13.4B
Q1 2026761$11.9B
Q4 2025804$16.1B
Q3 2025740$16.4B
Q2 2025750$19.7B
Q1 2025659$14.1B
Q4 2024631$15.2B
Q3 2024519$11.7B
Q2 2024505$10.1B
Q1 2024473$9.45B
Q4 2023442$6.50B
Q3 2023416$6.51B
Q2 2023395$7.44B
Q1 2023365$5.98B
Q4 2022345$5.47B
Q3 2022285$4.48B
Q2 2022239$3.05B
Q1 2022183$3.63B
Q4 2021161$4.80B
Q3 2021121$2.38B
Q2 20210$0
Q1 20210$0

Institutions, Q4 2025

Shares, value and share of portfolio for each institution holding Toast, Inc.; share changes are against Q3 2025.

Institutions holding TOST in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Capital International Investors45,391,459$1.61B0.25%−3,036,601−6.3%Reduced
Vanguard Group Inc44,692,350$1.59B0.02%−71,807−0.2%Reduced
FMR LLC29,805,019$1.06B0.05%+2,455,840+9.0%Added
BlackRock, Inc.26,900,052$955.2M0.02%+422,671+1.6%Added
Jennison Associates LLC15,157,955$538.3M0.32%+157,394+1.0%Added
Morgan Stanley10,372,626$368.3M0.02%+653,487+6.7%Added
State Street Corp9,820,594$348.7M0.01%+282,282+3.0%Added
JPMorgan Chase & Co9,378,658$333.0M0.02%−535,849−5.4%Reduced
Alliancebernstein L.P.9,331,266$331.4M0.10%+1,115,508+13.6%Added
XN LP8,988,386$319.2M8.94%+3,029,856+50.8%Added
Geode Capital Management, LLC8,675,056$307.2M0.02%+169,230+2.0%Added
ValueAct Holdings, L.P.SuperinvestorValueAct Capital8,015,277$284.6M4.05%+4,618,077+135.9%Added
T. Rowe Price Investment Management, Inc.7,167,843$254.5M0.16%−3,520,636−32.9%Reduced
Sumitomo Mitsui Trust Holdings, Inc.7,032,895$249.7M0.15%−484,321−6.4%Reduced
Principal Financial Group Inc5,866,235$208.3M0.11%−42,865−0.7%Reduced
Norges Bank5,711,282$202.8M0.02%+5,711,282New
Marshall Wace, LLP5,292,568$187.9M0.18%+198,783+3.9%Added
Arrowstreet Capital, Limited Partnership4,579,046$162.6M0.10%+235,572+5.4%Added
Bank of America Corp4,401,191$156.3M0.01%−1,526,164−25.7%Reduced
Gilder Gagnon Howe & Co LLC4,390,564$155.9M1.65%−195,196−4.3%Reduced
BNP PARIBAS ASSET MANAGEMENT Holding S.A.4,373,306$155.3M0.18%+328,468+8.1%Added
HMI Capital Management, L.P.4,303,483$152.8M12.54%+961,100+28.8%Added
UBS Group AG4,210,504$149.5M0.03%−284,283−6.3%Reduced
1832 Asset Management L.P.4,064,200$144.3M0.18%+4,064,200New
Balyasny Asset Management LLC4,031,705$143.2M0.27%+4,021,923+41,115.5%Added
Nikko Asset Management Americas, Inc.3,801,347$135.0M1.56%−477,176−11.2%Reduced
Qube Research & Technologies Ltd3,663,145$130.1M0.19%−2,856,316−43.8%Reduced
Renaissance Technologies LLC3,453,928$122.6M0.19%+993,116+40.4%Added
Price T Rowe Associates Inc3,414,051$121.2M0.01%−1,807,440−34.6%Reduced
Federated Hermes, Inc.3,269,070$116.1M0.19%−257,624−7.3%Reduced
Northern Trust Corp3,236,660$114.9M0.01%+118,317+3.8%Added
Worldquant Millennium Advisors LLC2,939,912$104.4M0.41%−430,924−12.8%Reduced
Champlain Investment Partners, LLC2,905,648$103.2M1.04%+468,953+19.2%Added
Amundi2,673,489$94.9M0.03%+330,003+14.1%Added
Eventide Asset Management, LLC2,486,040$88.3M1.38%+4,465+0.2%Added
Charles Schwab Investment Management Inc2,479,983$88.1M0.01%+139,578+6.0%Added
Durable Capital Partners LP2,299,023$81.6M0.77%−4,061,875−63.9%Reduced
Millennium Management LLC2,262,768$80.4M0.06%+73,990+3.4%Added
ARK Investment Management LLCSuperinvestorARK Invest1,966,366$69.8M0.46%−97,090−4.7%Reduced
Greenvale Capital LLP1,900,000$67.5M6.32%+1,900,000New
UBS Asset Management Americas Inc1,889,474$67.1M0.01%−5,403−0.3%Reduced
Greenhouse Funds LLLP1,860,143$66.1M2.55%+1,860,143New
Zevenbergen Capital Investments LLC1,854,996$65.9M1.46%−262,314−12.4%Reduced
12 West Capital Management LP1,847,840$65.6M7.81%+65,000+3.6%Added
BNP Paribas Arbitrage, SA1,824,558$64.8M0.04%+276,584+17.9%Added
Nomura Asset Management International Inc.1,803,846$64.1M0.10%+1,803,846New
Stephens Investment Management Group LLC1,749,414$62.1M0.81%+8,237+0.5%Added
Blair William & Co1,658,477$58.9M0.16%+42,412+2.6%Added
Goldman Sachs Group Inc1,598,787$56.8M0.01%−824,846−34.0%Reduced
Vontobel Holding Ltd.1,566,458$55.6M0.18%+465,926+42.3%Added
American Century Companies Inc1,536,698$54.6M0.03%+51,097+3.4%Added
Bank of New York Mellon Corp1,506,142$53.5M0.01%−49,155−3.2%Reduced
Dimensional Fund Advisors LP1,460,825$51.9M0.01%+133,562+10.1%Added
Nuveen, LLC1,412,023$50.1M0.01%+148,942+11.8%Added
Capital Impact Advisors, LLC1,409,764$50.1M3.92%+1,171,802+492.4%Added
Fiera Capital Corp1,349,004$47.9M0.15%+335,503+33.1%Added
D. E. Shaw & Co., Inc.1,328,195$47.2M0.04%+93,328+7.6%Added
Nordea Investment Management AB1,307,158$46.9M0.04%+1,168,539+843.0%Added
NZS Capital, LLC1,296,518$46.0M1.41%+10,234+0.8%Added
Westfield Capital Management Co LP1,268,337$45.0M0.19%+234,032+22.6%Added
Swiss National Bank1,257,800$44.7M0.03%−34,200−2.6%Reduced
Bank of Nova Scotia1,247,037$44.3M0.07%+1,240,222+18,198.4%Added
Citigroup Inc1,233,917$43.8M0.03%+191,815+18.4%Added
Two Sigma Investments, LP1,233,041$43.8M0.07%−682,860−35.6%Reduced
First Trust Advisors LP1,219,787$43.3M0.03%−420,703−25.6%Reduced
Wells Fargo & Company1,151,571$40.9M0.01%+131,375+12.9%Added
Alkeon Capital Management LLC1,150,000$40.8M0.18%+250,000+27.8%Added
Delta Global Management LP1,141,872$40.5M2.95%+96,071+9.2%Added
Bridgewater Associates, LP1,127,052$40.0M0.15%+737,699+189.5%Added
Employees Retirement System of Texas1,114,408$39.6M0.32%+1,109,600+23,078.2%Added
Kayne Anderson Rudnick Investment Management LLC1,103,561$39.2M0.11%+256,513+30.3%Added
Freestone Grove Partners LP1,102,638$39.2M0.28%+1,102,638New
Deutsche Bank AG1,099,199$39.0M0.01%+3260.0%Added
Mackenzie Financial Corp1,060,853$38.4M0.05%+483,822+83.8%Added
Granahan Investment Management Inc1,037,146$36.8M1.58%−200,466−16.2%Reduced
Legal & General Group Plc1,032,069$36.6M0.01%−46,844−4.3%Reduced
Caisse de Depot Et Placement du Quebec1,023,005$36.3M0.06%−213,529−17.3%Reduced
Northwestern Mutual Wealth Management Co985,653$35.0M0.02%+936,987+1,925.3%Added
Franklin Resources Inc983,402$34.9M0.01%−1,323,077−57.4%Reduced
Robeco Institutional Asset Management B.V.972,230$34.5M0.05%+57,512+6.3%Added
Trexquant Investment LP969,232$34.4M0.31%+145,201+17.6%Added
Mane Global Capital Management LP934,538$33.2M1.82%+927,498+13,174.7%Added
Commerce Bank849,937$30.2M0.17%−150,546−15.0%Reduced
California Public Employees Retirement System848,923$30.1M0.02%−38,884−4.4%Reduced
AustralianSuper Pty Ltd846,547$30.1M0.14%−253,709−23.1%Reduced
Schonfeld Strategic Advisors LLC809,331$28.7M0.14%+809,331New
Raymond James Financial Inc807,291$28.7M0.01%+61,791+8.3%Added
Jump Financial, LLC798,619$28.4M0.36%+326,461+69.1%Added
SEI Investments Co779,097$27.7M0.03%−379,041−32.7%Reduced
Congress Asset Management Co776,735$27.6M0.19%−439,377−36.1%Reduced
Edmond de Rothschild Holding S.A.771,397$27.4M0.39%+279,659+56.9%Added
Riverbridge Partners LLC755,052$26.8M0.50%−207,700−21.6%Reduced
Janus Henderson Group PLC736,205$26.1M0.01%+14,057+1.9%Added
Rhumbline Advisers729,690$25.9M0.02%−20,990−2.8%Reduced
Park West Asset Management LLC719,575$25.6M2.15%+159,000+28.4%Added
Susquehanna International Group, LLP698,063$24.8M0.03%−291,923−29.5%Reduced
Victory Capital Management Inc697,936$24.8M0.01%−79,925−10.3%Reduced
KBC Group NV697,544$24.8M0.06%−406,013−36.8%Reduced
Allspring Global Investments Holdings, LLC722,672$24.6M0.04%−683,692−48.6%Reduced
Royal Bank of Canada691,585$24.6M0.00%−961,825−58.2%Reduced