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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
Invesco Ltd.647,508$23.0M0.00%−1,962,147−75.2%Reduced
California State Teachers Retirement System656,499$23.3M0.02%−25,434−3.7%Reduced
Capital International Inc668,756$23.7M0.19%+15,405+2.4%Added
Greenoaks Capital Partners LLC680,317$24.2M0.81%−801,540−54.1%Reduced
Royal Bank of Canada691,585$24.6M0.00%−961,825−58.2%Reduced
Allspring Global Investments Holdings, LLC722,672$24.6M0.04%−683,692−48.6%Reduced
KBC Group NV697,544$24.8M0.06%−406,013−36.8%Reduced
Victory Capital Management Inc697,936$24.8M0.01%−79,925−10.3%Reduced
Susquehanna International Group, LLP698,063$24.8M0.03%−291,923−29.5%Reduced
Park West Asset Management LLC719,575$25.6M2.15%+159,000+28.4%Added
Rhumbline Advisers729,690$25.9M0.02%−20,990−2.8%Reduced
Janus Henderson Group PLC736,205$26.1M0.01%+14,057+1.9%Added
Riverbridge Partners LLC755,052$26.8M0.50%−207,700−21.6%Reduced
Edmond de Rothschild Holding S.A.771,397$27.4M0.39%+279,659+56.9%Added
Congress Asset Management Co776,735$27.6M0.19%−439,377−36.1%Reduced
SEI Investments Co779,097$27.7M0.03%−379,041−32.7%Reduced
Jump Financial, LLC798,619$28.4M0.36%+326,461+69.1%Added
Raymond James Financial Inc807,291$28.7M0.01%+61,791+8.3%Added
Schonfeld Strategic Advisors LLC809,331$28.7M0.14%+809,331New
AustralianSuper Pty Ltd846,547$30.1M0.14%−253,709−23.1%Reduced
California Public Employees Retirement System848,923$30.1M0.02%−38,884−4.4%Reduced
Commerce Bank849,937$30.2M0.17%−150,546−15.0%Reduced
Mane Global Capital Management LP934,538$33.2M1.82%+927,498+13,174.7%Added
Trexquant Investment LP969,232$34.4M0.31%+145,201+17.6%Added
Robeco Institutional Asset Management B.V.972,230$34.5M0.05%+57,512+6.3%Added
Franklin Resources Inc983,402$34.9M0.01%−1,323,077−57.4%Reduced
Northwestern Mutual Wealth Management Co985,653$35.0M0.02%+936,987+1,925.3%Added
Caisse de Depot Et Placement du Quebec1,023,005$36.3M0.06%−213,529−17.3%Reduced
Legal & General Group Plc1,032,069$36.6M0.01%−46,844−4.3%Reduced
Granahan Investment Management Inc1,037,146$36.8M1.58%−200,466−16.2%Reduced
Mackenzie Financial Corp1,060,853$38.4M0.05%+483,822+83.8%Added
Deutsche Bank AG1,099,199$39.0M0.01%+3260.0%Added
Freestone Grove Partners LP1,102,638$39.2M0.28%+1,102,638New
Kayne Anderson Rudnick Investment Management LLC1,103,561$39.2M0.11%+256,513+30.3%Added
Employees Retirement System of Texas1,114,408$39.6M0.32%+1,109,600+23,078.2%Added
Bridgewater Associates, LP1,127,052$40.0M0.15%+737,699+189.5%Added
Delta Global Management LP1,141,872$40.5M2.95%+96,071+9.2%Added
Alkeon Capital Management LLC1,150,000$40.8M0.18%+250,000+27.8%Added
Wells Fargo & Company1,151,571$40.9M0.01%+131,375+12.9%Added
First Trust Advisors LP1,219,787$43.3M0.03%−420,703−25.6%Reduced
Two Sigma Investments, LP1,233,041$43.8M0.07%−682,860−35.6%Reduced
Citigroup Inc1,233,917$43.8M0.03%+191,815+18.4%Added
Bank of Nova Scotia1,247,037$44.3M0.07%+1,240,222+18,198.4%Added
Swiss National Bank1,257,800$44.7M0.03%−34,200−2.6%Reduced
Westfield Capital Management Co LP1,268,337$45.0M0.19%+234,032+22.6%Added
NZS Capital, LLC1,296,518$46.0M1.41%+10,234+0.8%Added
Nordea Investment Management AB1,307,158$46.9M0.04%+1,168,539+843.0%Added
D. E. Shaw & Co., Inc.1,328,195$47.2M0.04%+93,328+7.6%Added
Fiera Capital Corp1,349,004$47.9M0.15%+335,503+33.1%Added
Capital Impact Advisors, LLC1,409,764$50.1M3.92%+1,171,802+492.4%Added
Nuveen, LLC1,412,023$50.1M0.01%+148,942+11.8%Added
Dimensional Fund Advisors LP1,460,825$51.9M0.01%+133,562+10.1%Added
Bank of New York Mellon Corp1,506,142$53.5M0.01%−49,155−3.2%Reduced
American Century Companies Inc1,536,698$54.6M0.03%+51,097+3.4%Added
Vontobel Holding Ltd.1,566,458$55.6M0.18%+465,926+42.3%Added
Goldman Sachs Group Inc1,598,787$56.8M0.01%−824,846−34.0%Reduced
Blair William & Co1,658,477$58.9M0.16%+42,412+2.6%Added
Stephens Investment Management Group LLC1,749,414$62.1M0.81%+8,237+0.5%Added
Nomura Asset Management International Inc.1,803,846$64.1M0.10%+1,803,846New
BNP Paribas Arbitrage, SA1,824,558$64.8M0.04%+276,584+17.9%Added
12 West Capital Management LP1,847,840$65.6M7.81%+65,000+3.6%Added
Zevenbergen Capital Investments LLC1,854,996$65.9M1.46%−262,314−12.4%Reduced
Greenhouse Funds LLLP1,860,143$66.1M2.55%+1,860,143New
UBS Asset Management Americas Inc1,889,474$67.1M0.01%−5,403−0.3%Reduced
Greenvale Capital LLP1,900,000$67.5M6.32%+1,900,000New
ARK Investment Management LLCSuperinvestorARK Invest1,966,366$69.8M0.46%−97,090−4.7%Reduced
Millennium Management LLC2,262,768$80.4M0.06%+73,990+3.4%Added
Durable Capital Partners LP2,299,023$81.6M0.77%−4,061,875−63.9%Reduced
Charles Schwab Investment Management Inc2,479,983$88.1M0.01%+139,578+6.0%Added
Eventide Asset Management, LLC2,486,040$88.3M1.38%+4,465+0.2%Added
Amundi2,673,489$94.9M0.03%+330,003+14.1%Added
Champlain Investment Partners, LLC2,905,648$103.2M1.04%+468,953+19.2%Added
Worldquant Millennium Advisors LLC2,939,912$104.4M0.41%−430,924−12.8%Reduced
Northern Trust Corp3,236,660$114.9M0.01%+118,317+3.8%Added
Federated Hermes, Inc.3,269,070$116.1M0.19%−257,624−7.3%Reduced
Price T Rowe Associates Inc3,414,051$121.2M0.01%−1,807,440−34.6%Reduced
Renaissance Technologies LLC3,453,928$122.6M0.19%+993,116+40.4%Added
Qube Research & Technologies Ltd3,663,145$130.1M0.19%−2,856,316−43.8%Reduced
Nikko Asset Management Americas, Inc.3,801,347$135.0M1.56%−477,176−11.2%Reduced
Balyasny Asset Management LLC4,031,705$143.2M0.27%+4,021,923+41,115.5%Added
1832 Asset Management L.P.4,064,200$144.3M0.18%+4,064,200New
UBS Group AG4,210,504$149.5M0.03%−284,283−6.3%Reduced
HMI Capital Management, L.P.4,303,483$152.8M12.54%+961,100+28.8%Added
BNP PARIBAS ASSET MANAGEMENT Holding S.A.4,373,306$155.3M0.18%+328,468+8.1%Added
Gilder Gagnon Howe & Co LLC4,390,564$155.9M1.65%−195,196−4.3%Reduced
Bank of America Corp4,401,191$156.3M0.01%−1,526,164−25.7%Reduced
Arrowstreet Capital, Limited Partnership4,579,046$162.6M0.10%+235,572+5.4%Added
Marshall Wace, LLP5,292,568$187.9M0.18%+198,783+3.9%Added
Norges Bank5,711,282$202.8M0.02%+5,711,282New
Principal Financial Group Inc5,866,235$208.3M0.11%−42,865−0.7%Reduced
Sumitomo Mitsui Trust Holdings, Inc.7,032,895$249.7M0.15%−484,321−6.4%Reduced
T. Rowe Price Investment Management, Inc.7,167,843$254.5M0.16%−3,520,636−32.9%Reduced
ValueAct Holdings, L.P.SuperinvestorValueAct Capital8,015,277$284.6M4.05%+4,618,077+135.9%Added
Geode Capital Management, LLC8,675,056$307.2M0.02%+169,230+2.0%Added
XN LP8,988,386$319.2M8.94%+3,029,856+50.8%Added
Alliancebernstein L.P.9,331,266$331.4M0.10%+1,115,508+13.6%Added
JPMorgan Chase & Co9,378,658$333.0M0.02%−535,849−5.4%Reduced
State Street Corp9,820,594$348.7M0.01%+282,282+3.0%Added
Morgan Stanley10,372,626$368.3M0.02%+653,487+6.7%Added
Jennison Associates LLC15,157,955$538.3M0.32%+157,394+1.0%Added