Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in TOST held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | FMR LLC | 31.7M | $841.2M | +6.5% | 5.471% | 0.05% |
| 2 | Capital International Investors | 30.6M | $811.2M | -32.6% | 5.276% | 0.19% |
| 3 | BlackRock, Inc. | 27.2M | $720.1M | +1.0% | 4.684% | 0.01% |
| 4 | ALLIANCEBERNSTEIN L.P. | 18.2M | $645.3M | +94.8% | 3.133% | 0.21% |
| 5 | VANGUARD CAPITAL MANAGEMENT LLC | 22.1M | $584.9M | — | 3.804% | 0.01% |
| 6 | VANGUARD PORTFOLIO MANAGEMENT LLC | 20.3M | $537.1M | — | 3.493% | 0.03% |
| 7 | ValueAct Holdings, L.P. | 12.9M | $341.9M | +60.9% | 2.223% | 5.98% |
| 8 | MORGAN STANLEY | 11.7M | $309.1M | +12.4% | 2.010% | 0.02% |
| 9 | STATE STREET CORP | 10.1M | $269.0M | +3.3% | 1.750% | 0.01% |
| 10 | GEODE CAPITAL MANAGEMENT, LLC | 9.0M | $237.6M | +3.6% | 1.549% | 0.01% |
| 11 | PRINCIPAL FINANCIAL GROUP INC | 8.0M | $211.5M | +36.0% | 1.375% | 0.11% |
| 12 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 6.9M | $184.1M | +25.5% | 1.197% | 0.02% |
| 13 | Sumitomo Mitsui Trust Holdings, Inc. | 6.9M | $181.8M | -2.5% | 1.183% | 0.12% |
| 14 | UBS Group AG | 6.6M | $174.8M | +17.5% | 1.137% | 0.03% |
| 15 | XN LP | 6.5M | $172.6M | -27.6% | 1.122% | 6.34% |
| 16 | GOLDMAN SACHS GROUP INC | 5.3M | $139.8M | -29.7% | 0.910% | 0.02% |
| 17 | BANK OF AMERICA CORP /DE/ | 4.9M | $129.0M | +10.6% | 0.839% | 0.01% |
| 18 | BNP Paribas Asset Management Holding S.A. | 4.6M | $123.2M | +6.3% | 0.801% | 0.14% |
| 19 | Qube Research & Technologies Ltd | 4.5M | $119.7M | +15.3% | 0.779% | 0.14% |
| 20 | RENAISSANCE TECHNOLOGIES LLC | 4.3M | $114.6M | +25.1% | 0.745% | 0.18% |
| 21 | GILDER GAGNON HOWE & CO LLC | 4.1M | $107.9M | -7.3% | 0.702% | 1.29% |
| 22 | WORLDQUANT MILLENNIUM ADVISORS LLC | 3.9M | $104.4M | +34.0% | 0.679% | 0.40% |
| 23 | Nikko Asset Management Americas, Inc. | 3.8M | $101.2M | +0.4% | 0.658% | 1.43% |
| 24 | HMI Capital Management, L.P. | 3.8M | $101.1M | -11.3% | 0.658% | 13.41% |
| 25 | WELLS FARGO & COMPANY/MN | 3.7M | $97.6M | — | 0.635% | 0.02% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in TOST — a direct measure of their conviction.
Filings activity in TOST during Q1 2026, grouped by how each filer changed its position.
8 quarters of 13F filings · Δ columns show change vs prior quarter
| Quarter | Inst. Holders | Δ Holders | Ownership % | Δ Ownership | Total 13F Value | Δ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 742 | 4.4% | 78.03% | 31.57 pp | $11.23B | 29% |
| Q4 2025 | 776 | +9.4% | 109.60% | +1.90 pp | $15.78B | +1.8% |
| Q3 2025 | 709 | 2.7% | 107.70% | 21.17 pp | $15.50B | 16% |
| Q2 2025 | 729 | +14% | 128.87% | +42.38 pp | $18.55B | +49% |
| Q1 2025 | 638 | +3.4% | 86.49% | 13.64 pp | $12.45B | 14% |
| Q4 2024 | 617 | +23% | 100.13% | +33.24 pp | $14.41B | +50% |
| Q3 2024 | 500 | +2.0% | 66.89% | +4.76 pp | $9.63B | +7.7% |
| Q2 2024 | 490 | — | 62.13% | — | $8.94B | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying TOST stock.
Based on Q1 2026 13F filings, institutional ownership of Toast, Inc. stands at 78.0%, held across 742 reporting institutions.
FMR LLC is the largest reported institutional holder of TOST, with approximately 31,731,204 shares worth $0.84B as of Q1 2026.
Yes — 2 widely-followed marquee investors appear among the top 25 institutional holders of TOST, including SUSQUEHANNA INTERNATIONAL GROUP, LLP, RENAISSANCE TECHNOLOGIES LLC.
Our composite Smart Money Score for TOST is 35 out of 100 (Bearish). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
118 institutions opened new positions in TOST during Q1 2026, while 152 fully exited. 134 added to existing positions and 487 trimmed.
TOST institutional ownership fell by 31.57 percentage points quarter-over-quarter, with a net change of -34 holders.
The top 10 institutions account for 47.2% of all reported 13F value in TOST, and the top 25 account for 65.5%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
Toast, Inc. (TOST) Institutional Ownership