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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 $13.3B 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
−$137.2M (−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: 441 institutionsQ1 2024: 473 institutionsQ2 2024: 505 institutionsQ3 2024: 519 institutionsQ4 2024: 631 institutionsQ1 2025: 658 institutionsQ2 2025: 750 institutionsQ3 2025: 740 institutionsQ4 2025: 804 institutionsQ1 2026: 761 institutionsQ2 2026: 774 institutions
Value heldQ4 2025: $15.9B
Q1 2021: $0Q2 2021: $0Q3 2021: $2.37BQ4 2021: $4.80BQ1 2022: $3.63BQ2 2022: $3.05BQ3 2022: $4.47BQ4 2022: $5.41BQ1 2023: $5.44BQ2 2023: $7.40BQ3 2023: $6.50BQ4 2023: $6.35BQ1 2024: $9.06BQ2 2024: $9.92BQ3 2024: $11.6BQ4 2024: $15.2BQ1 2025: $14.1BQ2 2025: $19.6BQ3 2025: $16.0BQ4 2025: $15.9BQ1 2026: $11.9BQ2 2026: $13.3B
Institutions holding TOST and their total value by quarter
QuarterHoldersValue
Q2 2026774$13.3B
Q1 2026761$11.9B
Q4 2025804$15.9B
Q3 2025740$16.0B
Q2 2025750$19.6B
Q1 2025658$14.1B
Q4 2024631$15.2B
Q3 2024519$11.6B
Q2 2024505$9.92B
Q1 2024473$9.06B
Q4 2023441$6.35B
Q3 2023416$6.50B
Q2 2023395$7.40B
Q1 2023365$5.44B
Q4 2022345$5.41B
Q3 2022285$4.47B
Q2 2022239$3.05B
Q1 2022183$3.63B
Q4 2021161$4.80B
Q3 2021121$2.37B
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
TrimTabs Asset Management, LLC153,730$5.46M0.71%−200,542−56.6%Reduced
Primecap Management Co156,000$5.54M0.00%+75,500+93.8%Added
Night Squared LP156,326$5.55M1.56%+20,577+15.2%Added
Panagora Asset Management Inc156,867$5.57M0.02%−843,603−84.3%Reduced
Bank Julius Baer & Co. Ltd, Zurich155,963$5.60M0.02%−10,723−6.4%Reduced
Dnca Finance158,300$5.62M0.33%−37,350−19.1%Reduced
Mediolanum International Funds Ltd155,621$5.65M0.06%−32,244−17.2%Reduced
OP Asset Management Ltd159,051$5.65M0.07%+83,581+110.7%Added
Ameriprise Financial Inc161,511$5.74M0.00%+46,233+40.1%Added
State of New Jersey Common Pension Fund D161,593$5.74M0.02%+1,209+0.8%Added
Natixis Advisors, L.P.163,802$5.82M0.01%+27,328+20.0%Added
Thrivent Financial for Lutherans164,956$5.86M0.01%+25,208+18.0%Added
WCG Wealth Advisors LLC165,435$5.87M0.16%+165,435New
Cerity Partners LLC166,312$5.91M0.01%+82,505+98.4%Added
Macquarie Group Ltd168,358$5.98M0.03%−1,737,362−91.2%Reduced
Mn Services Vermogensbeheer B.V.168,483$5.98M0.04%+2,283+1.4%Added
Rockefeller Capital Management L.P.169,122$6.01M0.01%+8,676+5.4%Added
KLP Kapitalforvaltning AS171,400$6.09M0.02%+1,900+1.1%Added
Pictet Asset Management Holding SA172,015$6.11M0.01%+2,180+1.3%Added
Winton Group Ltd172,180$6.11M0.21%+172,180New
Lord, Abbett & Co. LLC172,359$6.12M0.02%−3,148,033−94.8%Reduced
Asset Management One Co.,Ltd.168,180$6.14M0.02%−4,271−2.5%Reduced
Squarepoint Ops LLC173,041$6.14M0.01%−1,189,628−87.3%Reduced
Mercer Global Advisors Inc181,327$6.27M0.01%+51,079+39.2%Added
Rothschild Investment LLC176,589$6.27M0.35%+176,114+37,076.6%Added
McGowan Group Asset Management, Inc.176,622$6.27M0.78%+361+0.2%Added
Walleye Capital LLC177,369$6.30M0.04%+167,464+1,690.7%Added
HSBC Holdings PLC181,371$6.45M0.00%+26,032+16.8%Added
State of Michigan Retirement System183,000$6.50M0.03%00.0%Unchanged
Advisor Group Holdings, Inc.183,964$6.53M0.01%−97,843−34.7%Reduced
Partners Group Holding AG185,085$6.57M0.44%+185,085New
PDT Partners, LLC190,422$6.76M0.44%+53,366+38.9%Added
HighTower Advisors, LLC191,706$6.81M0.01%+17,707+10.2%Added
Miracle Mile Advisors, LLC191,954$6.82M0.10%+540.0%Added
MML Investors Services, LLC192,733$6.84M0.02%+30,853+19.1%Added
Great West Life Assurance Co192,707$6.84M0.01%−44,986−18.9%Reduced
Nomura Holdings Inc193,562$6.87M0.02%−6,679−3.3%Reduced
Treasurer of the State of North Carolina194,071$6.89M0.02%−9,031−4.4%Reduced
UBS Oconnor LLC200,000$7.10M0.19%+120,000+150.0%Added
Jain Global LLC201,523$7.16M0.07%−70,191−25.8%Reduced
Capital Fund Management S.A.202,395$7.19M0.07%−69,514−25.6%Reduced
LPL Financial LLC218,936$7.77M0.00%−31,195−12.5%Reduced
Armistice Capital, LLC227,753$8.09M0.20%−58,283−20.4%Reduced
Forsta Ap-Fonden231,800$8.23M0.05%−65,000−21.9%Reduced
Westbourne Investment Advisors, Inc.233,453$8.29M2.29%+27,376+13.3%Added
Ieq Capital, LLC236,181$8.39M0.03%−19,498−7.6%Reduced
Ensign Peak Advisors, Inc236,412$8.39M0.01%−100,388−29.8%Reduced
Abn Amro Investment Solutions238,415$8.47M0.13%+80,985+51.4%Added
Arohi Asset Management PTE Ltd.241,500$8.58M2.57%+241,500New
Apis Capital Advisors, LLC242,000$8.59M1.50%+242,000New
Danske Bank A/S247,728$8.80M0.02%+5,900+2.4%Added
Independent Family Office, LLC250,000$8.88M3.71%−20,000−7.4%Reduced
Crawford Fund Management, LLC253,936$9.02M2.89%+127,886+101.5%Added
Two Sigma Advisers, LP254,100$9.02M0.02%−223,600−46.8%Reduced
AQR Capital Management LLC254,344$9.03M0.00%+26,780+11.8%Added
Philadelphia Financial Management of San Francisco, LLC257,848$9.16M1.89%+257,848New
Stifel Financial Corp262,687$9.33M0.01%−122,428−31.8%Reduced
ExodusPoint Capital Management, LP264,785$9.40M0.10%+264,785New
Campbell Capital Management Inc276,315$9.81M3.32%+276,315New
Penserra Capital Management LLC279,287$9.92M0.12%−1,477−0.5%Reduced
SG Americas Securities, LLC288,286$10.2M0.01%+213,459+285.3%Added
Motley Fool Asset Management LLC288,699$10.3M0.40%−9,962−3.3%Reduced
Mirae Asset Global ETFs Holdings Ltd.291,169$10.3M0.02%−12,478−4.1%Reduced
Candriam Luxembourg S.C.A.296,975$10.5M0.05%−305,225−50.7%Reduced
SCS Capital Management LLC299,501$10.6M0.11%−37,129−11.0%Reduced
Bienville Capital Management, LLC299,988$10.7M1.69%+299,988New
Motley Fool Wealth Management, LLC300,599$10.7M0.83%−47,835−13.7%Reduced
Sands Capital Ventures, LLC301,647$10.7M2.07%+145,043+92.6%Added
Zacks Investment Management309,088$11.0M0.09%−6,670−2.1%Reduced
Mariner, LLC317,101$11.3M0.01%+1,647+0.5%Added
Barclays PLC318,804$11.3M0.00%+40,218+14.4%Added
Assenagon Asset Management S.A.318,960$11.3M0.02%−21,460−6.3%Reduced
Korea Investment CORP327,347$11.6M0.02%−19,112−5.5%Reduced
Mitsubishi UFJ Trust & Banking Corp333,999$11.9M0.03%+21,633+6.9%Added
Whetstone Capital Advisors, LLC336,049$11.9M3.72%+1,086+0.3%Added
Longaeva Partners L.P.340,925$12.1M1.44%+340,925New
State of Wisconsin Investment Board342,230$12.2M0.03%−44,717−11.6%Reduced
Voleon Capital Management LP367,389$13.0M0.28%+236,891+181.5%Added
Aviva PLC372,672$13.2M0.02%+22,595+6.5%Added
Russell Investments Group, Ltd.382,713$13.6M0.01%−89,186−18.9%Reduced
Cander Asset Management LP383,942$13.6M2.52%+383,942New
Engineers Gate Manager LP384,410$13.7M0.16%+163,269+73.8%Added
State Board of Administration of Florida Retirement System411,939$14.6M0.03%−3,830−0.9%Reduced
Man Group plc414,674$14.7M0.03%−361,903−46.6%Reduced
Dark Forest Capital Management LP418,286$14.9M0.68%+344,440+466.4%Added
Sora Investors LLC419,103$14.9M1.28%+419,103New
Hamilton Lane Advisors LLC444,091$15.8M8.69%+444,091New
Allianz Asset Management GmbH469,816$16.7M0.02%+107,051+29.5%Added
Natixis471,212$16.7M0.07%+155,019+49.0%Added
Glynn Capital Management LLC486,583$17.3M5.93%+119,262+32.5%Added
Janney Montgomery Scott LLC489,779$17.4M0.04%+48,840+11.1%Added
Neuberger Berman Group LLC497,476$17.7M0.01%−1,172,709−70.2%Reduced
New York State Common Retirement Fund508,239$18.0M0.02%+9,000+1.8%Added
Zurcher Kantonalbank (Zurich Cantonalbank)514,992$18.3M0.04%+52,959+11.5%Added
Mitsubishi UFJ Kokusai Asset Management Co., Ltd.540,243$18.4M0.01%+39,300+7.8%Added
Voya Investment Management LLC527,495$18.7M0.02%−962,228−64.6%Reduced
Canada Pension Plan Investment Board529,700$18.8M0.01%+256,700+94.0%Added
Envestnet Asset Management Inc557,054$19.8M0.01%−60,756−9.8%Reduced
TD Asset Management Inc574,916$20.4M0.02%−278,673−32.6%Reduced
Andra AP-fonden594,200$21.1M0.26%+10,300+1.8%Added