TOST
Toast, Inc. · Technology · Software - Infrastructure
Momentum inputs (comparable managers):
holder breadth +9.5% ·
share flow -2.2% ·
net new positions +4.3%
— formula
Ownership fragmentation — more holders, smaller aggregate stake
All ownership figures: tracked 13F managers only, common-stock positions, reporting period Q3 2025
| Quarter | Holders | Δ | Shares | Reported value | New | Exits |
|---|---|---|---|---|---|---|
| Q2 2026 | 151 | -2 | 360.78M | $10.05B | +3 | −6 |
| Q1 2026 | 157 | 0 | 329.37M | $8.89B | +1 | −2 |
| Q4 2025 | 156 | +1 | 351.65M | $12.49B | +2 | — |
| Q3 2025 | 23 | +2 | 177.88M | $6.49B | +2 | −1 |
| Q2 2025 | 19 | -2 | 154.83M | $6.86B | — | −2 |
| Q1 2025 | 18 | 0 | 65.67M | $2.18B | +1 | −1 |
| Q4 2024 | 18 | +2 | 77.23M | $2.81B | +3 | −1 |
| Q3 2024 | 15 | +1 | 67.13M | $1.90B | +1 | — |
| Q2 2024 | 14 | — | 49.82M | $1.28B | — | — |
| # | Manager | Shares | Δ shares | Value | Their weight | Held | ||
|---|---|---|---|---|---|---|---|---|
| 1 | The Vanguard Group ✦ (passive) | 44.76M | +0.8% | $1.63B | 0.0% | ▲ Add | 2 | SEC ↗ ×6 |
| 2 | Fidelity (FMR) ✦ | 27.35M | +2.5% | $998.52M | 0.1% | ▲ Add | 2 | SEC ↗ ×6 |
| 3 | BlackRock ✦ (passive) | 26.48M | +2.9% | $966.69M | 0.0% | ▲ Add | 2 | SEC ↗ ×21 |
| 4 | JPMorgan Chase ✦ | 19.83M | — | $723.96M | 0.0% | n/c | 1 | SEC ↗ ×34 |
| 5 | Morgan Stanley ✦ | 9.72M | — | $354.85M | 0.0% | n/c | 1 | SEC ↗ ×13 |
| 6 | State Street Global Advisors ✦ (passive) | 9.54M | +3.5% | $348.24M | 0.0% | ▲ Add | 4 | SEC ↗ |
| 7 | Geode Capital Management ✦ (passive) | 8.51M | +7.6% | $309.67M | 0.0% | ▲ Add | 6 | SEC ↗ ×2 |
| 8 | T. Rowe Price ✦ | 5.22M | -56.8% | $190.64M | 0.0% | ▼ Trim | 6 | SEC ↗ ×2 |
| 9 | Marshall Wace ✦ | 5.09M | -35.4% | $185.97M | 0.2% | ▼ Trim | 6 | SEC ↗ ×2 |
| 10 | Arrowstreet Capital ✦ | 4.34M | +24.9% | $158.58M | 0.1% | ▲ Add | 4 | SEC ↗ |
| 11 | ValueAct Capital ✦ | 3.40M | New | $124.03M | 2.1% | New | 1 | SEC ↗ |
| 12 | Renaissance Technologies ✦ | 2.46M | +0.7% | $89.84M | 0.1% | ▲ Add | 6 | SEC ↗ |
| 13 | Goldman Sachs Group ✦ | 2.42M | — | $88.49M | 0.0% | n/c | 1 | SEC ↗ ×4 |
| 14 | Millennium Management ✦ | 2.19M | +8.5% | $79.91M | 0.1% | ▲ Add | 6 | SEC ↗ |
| 15 | ARK Investment Management ✦ | 2.06M | +9.9% | $75.34M | 0.4% | ▲ Add | 6 | SEC ↗ |
| 16 | Two Sigma Investments ✦ | 1.92M | +5.8% | $69.95M | 0.1% | ▲ Add | 6 | SEC ↗ |
| 17 | D. E. Shaw & Co. ✦ | 1.23M | -57.3% | $45.08M | 0.0% | ▼ Trim | 4 | SEC ↗ ×2 |
| 18 | Bridgewater Associates ✦ | 389.35K | -43.9% | $14.22M | 0.1% | ▼ Trim | 6 | SEC ↗ |
| 19 | Citadel Advisors ✦ | 330.36K | -18.2% | $12.06M | 0.0% | ▼ Trim | 6 | SEC ↗ ×2 |
| 20 | AQR Capital Management ✦ | 227.56K | +18.5% | $8.29M | 0.0% | ▲ Add | 6 | SEC ↗ ×5 |
| 21 | Wellington Management ✦ | 198.37K | +1447.7% | $7.24M | 0.0% | ▲ Add | 6 | SEC ↗ ×2 |
| 22 | Gotham Asset Management ✦ | 123.06K | -18.2% | $4.49M | 0.0% | ▼ Trim | 6 | SEC ↗ |
| 23 | PRIMECAP Management ✦ | 80.50K | New | $2.94M | 0.0% | New | 1 | SEC ↗ |
“Their weight” = the position's share of that manager's reported 13F equity value — the conviction measure. ✦ = curated manager.
New buyers
| ValueAct Capital | $124.03M | 2.1% |
| PRIMECAP Management | $2.94M | 0.0% |
Exited
| Norges Bank | $219.32M | was 0.0% |
Full-market context: across ALL 13F filers (SEC structured data, Q1 2026): 1 holders, 242.60K shares, $6,431 reported. This is a different, older period than the tracked-universe figures above and the two are never mixed.
What else this security's tracked holders most often hold — shared-ownership counts, not fundamental relationships.
Open-market purchases (P)
No open-market insider purchases in our coverage window.
Open-market sales (S)
Officer · 7.62K sh · $230,169
Officer · 6.51K sh · $191,006
Officer · 11.89K sh · $348,902
Officer, Director · 9.37K sh · $274,988
Officer · 9.18K sh · $312,992
Officer · 5.10K sh · $171,064
Officer · 85.28K sh · $3.10M
Officer · 13.80K sh · $496,858
Officer, Director · 119.84K sh · $4.24M
Officer · 5.76K sh · $203,772
Awards, exercises and tax withholding are never counted as buys or sales here. Methodology