TOAST INC TOST
CL A · Common Stock · CUSIP 888787108 · ISIN US8887871080
Cloud-based restaurant software company
- SectorTechnology
- IndustryServices-Computer Processing & Data Preparation
- HeadquartersBoston, MA
- Founded2012
- Websitepos.toasttab.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($130.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $27.84. Options: 32 managers hold calls ($525.2m notional), 27 hold puts ($386.7m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 285 |
| Q4 2022 | 345 |
| Q1 2023 | 366 |
| Q2 2023 | 396 |
| Q3 2023 | 417 |
| Q4 2023 | 442 |
| Q1 2024 | 473 |
| Q2 2024 | 506 |
| Q3 2024 | 519 |
| Q4 2024 | 632 |
| Q1 2025 | 661 |
| Q2 2025 | 751 |
| Q3 2025 | 739 |
| Q4 2025 | 802 |
| Q1 2026 | 760 |
| Q2 2026 | 767 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 255 | 226 |
| Q4 2024 | 345 | 225 |
| Q1 2025 | 385 | 250 |
| Q2 2025 | 469 | 234 |
| Q3 2025 | 396 | 335 |
| Q4 2025 | 394 | 323 |
| Q1 2026 | 406 | 364 |
| Q2 2026 | 413 | 354 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $650.3m | $504.0m | 0.77 |
| Q4 2025 | $622.5m | $528.7m | 0.85 |
| Q1 2026 | $450.2m | $275.5m | 0.61 |
| Q2 2026 | $525.2m | $386.7m | 0.74 |
Biggest buyers
| BlackRock, Inc. | Added | +21.6m |
| PRINCIPAL FINANCIAL GROUP INC | Added | +7.2m |
| STATE STREET CORP | Added | +6.7m |
| CITADEL ADVISORS LLC | Added | +6.3m |
| Balyasny Asset Management L.P. | Added | +4.9m |
| Junto Capital Management LP | New | +2.0m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +1.8m |
| VANGUARD PORTFOLIO MANAGEMENT LLC | Added | +1.8m |
| FMR LLC | Added | +1.8m |
| Lead Edge Capital Management, LLC | Added | +1.7m |
Biggest sellers
| ALLIANCEBERNSTEIN L.P. | Reduced | -7.3m |
| Qube Research & Technologies Ltd | Sold out | -4.2m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -4.1m |
| JANE STREET GROUP, LLC | Reduced | -4.0m |
| WORLDQUANT MILLENNIUM ADVISORS LLC | Reduced | -3.9m |
| Capital International Investors | Reduced | -3.9m |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -2.4m |
| XN LP | Reduced | -2.1m |
| Greenvale Capital LLP | Sold out | -2.0m |
| Greenhouse Funds LLLP | Sold out | -2.0m |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $148.7m5.3m shares |
| JANE STREET GROUP, LLC | Added | $123.4m4.4m shares |
| Freemont Management S.A. | Added | $37.6m1.4m shares |
| WELLS FARGO & COMPANY/MN | Unchanged | $33.4m1.2m shares |
| Walleye Trading LLC | Reduced | $32.8m1.2m shares |
| CITADEL ADVISORS LLC | Reduced | $31.4m1.1m shares |
| IMC-Chicago, LLC | Added | $26.1m939.8k shares |
| HRT FINANCIAL LP | Added | $17.8m640.7k shares |
| Optiver Holding B.V. | Reduced | $14.4m516.9k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $9.9m356.8k shares |
Biggest puts
| GOLDMAN SACHS GROUP INC | Added | $120.8m4.3m shares |
| JANE STREET GROUP, LLC | Reduced | $69.6m2.5m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $48.1m1.7m shares |
| WELLS FARGO & COMPANY/MN | Unchanged | $41.7m1.5m shares |
| CITADEL ADVISORS LLC | Added | $19.8m711.0k shares |
| IMC-Chicago, LLC | Added | $17.5m630.2k shares |
| Optiver Holding B.V. | Added | $17.3m622.0k shares |
| UBS Group AG | Added | $10.0m358.9k shares |
| SIMPLEX TRADING, LLC | Added | $8.9m320.7k shares |
| Walleye Trading LLC | Added | $7.3m262.6k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| BlackRock, Inc. 13G · institution +0.7 pts · filed 2026-10-05 | 10.0% |
| FMR LLC 13G · institution filed 2025-02-12 | 6.5% |
| Capital International Investors 13G · institution filed 2026-05-14 | 5.9% |
| Fredette Stephen 13G · exempt (held before listing) filed 2025-02-13 | 5.9% |
Fell to 5% or below in the last year: Technology Investment Dining Group, LLC (4.3%, 2026-05-15), VANGUARD GROUP INC (0.0%, 2026-03-27)
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 9 | $96.3m | $62.6m |
| Q1 2025 | 0 | — | 7 | $19.8m | $17.3m |
| Q2 2025 | 0 | — | 9 | $69.4m | $67.2m |
| Q3 2025 | 0 | — | 6 | $3.8m | $1.5m |
| Q4 2025 | 0 | — | 5 | $1.7m | — |
| Q1 2026 | 0 | — | 6 | $3.8m | $2.5m |
| Q2 2026 | 0 | — | 5 | $3.8m | $2.8m |
| Q3 2026 | 0 | — | 6 | $18.6m | $17.1m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-09-02 | Vassil Jonathan Chief Revenue Officer | Sold plan | $484.1k14.3k shares |
| 2026-08-21 | Vassil Jonathan Chief Revenue Officer | Sold plan | $3.1m85.3k shares |
| 2026-08-19 | Vassil Jonathan Chief Revenue Officer | Sold plan | $501.7k13.9k shares |
| 2026-08-11 | Vassil Jonathan Chief Revenue Officer | Sold plan | $496.8k13.8k shares |
| 2026-08-10 | Narang Aman CEO, director · Starlight 2026 Charitable Remainder Trust | Sold plan | $4.2m119.8k shares |
| 2026-08-10 | Gomez Elena President, CFO | Sold plan | $203.8k5.8k shares |
| 2026-08-07 | Narang Aman CEO, director · Starlight 2026 Charitable Remainder Trust | Sold plan | $1.5m42.1k shares |
| 2026-08-07 | Gomez Elena President, CFO | Sold plan | $75.9k2.2k shares |
| 2026-08-06 | Narang Aman CEO, director · Starlight 2026 Charitable Remainder Trust | Sold plan | $473.1k13.5k shares |
| 2026-08-06 | Gomez Elena President, CFO | Sold plan | $31.5k900 shares |
| 2026-08-05 | Narang Aman CEO, director · Starlight 2026 Charitable Remainder Trust | Sold plan | $4.4m124.5k shares |
| 2026-08-05 | Gomez Elena President, CFO | Sold plan | $570.9k16.2k shares |
| 2026-08-05 | Vassil Jonathan Chief Revenue Officer | Sold plan | $169.3k4.7k shares |
| 2026-08-04 | Niola Rossana Principal Accounting Officer | Sold | $76.9k2.3k shares |
| 2026-08-03 | Vassil Jonathan Chief Revenue Officer | Sold plan | $469.7k14.3k shares |
| 2026-07-14 | Vassil Jonathan Chief Revenue Officer | Sold plan | $60.0k2.0k shares |
| 2026-07-13 | Vassil Jonathan Chief Revenue Officer | Sold plan | $276.8k9.2k shares |
| 2026-07-07 | Vassil Jonathan Chief Revenue Officer | Sold plan | $94.6k3.1k shares |
| 2026-07-02 | Narang Aman CEO, director | Sold | $414.4k14.4k shares |
| 2026-07-02 | Gomez Elena President, CFO | Sold | $334.8k11.6k shares |
| 2026-07-02 | Fredette Stephen President, director | Sold | $263.9k9.1k shares |
| 2026-07-02 | Vassil Jonathan Chief Revenue Officer | Sold | $191.8k6.6k shares |
| 2026-07-02 | Elworthy Brian R General Counsel | Sold | $183.3k6.4k shares |
| 2026-05-29 | Elworthy Brian R General Counsel | Sold plan | $2.8m108.0k shares |
| 2026-04-02 | Narang Aman CEO, director | Sold | $352.6k13.5k shares |
| 2026-04-02 | Gomez Elena President, CFO | Sold | $233.9k8.9k shares |
| 2026-04-02 | Fredette Stephen President, director | Sold | $190.9k7.3k shares |
| 2026-04-02 | Vassil Jonathan Chief Revenue Officer | Sold | $168.6k6.4k shares |
| 2026-04-02 | Elworthy Brian R General Counsel | Sold | $96.0k3.7k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.02% of their portfolio | 48.7m $1.4bn | Added +21.6m |
| FMR LLC 0.04% of their portfolio | 33.5m $932.8m | Added +1.8m |
| Capital International Investors 0.15% of their portfolio | 26.7m $744.0m | Reduced -3.9m |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.03% of their portfolio | 22.1m $614.4m | Added +1.8m |
| VANGUARD CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 21.9m $609.4m | Reduced -157.6k |
| STATE STREET CORP 0.01% of their portfolio | 16.9m $469.8m | Added +6.7m |
| JPMORGAN CHASE & CO 0.03% of their portfolio | 16.8m $475.0m | Added +59.6k |
| PRINCIPAL FINANCIAL GROUP INC 0.21% of their portfolio | 15.2m $421.9m | Added +7.2m |
| ValueAct Holdings, L.P. 6.98% of their portfolio | 14.1m $393.2m | Added +1.2m |
| MORGAN STANLEY 0.02% of their portfolio | 11.4m $316.9m | Reduced -266.9k |
| ALLIANCEBERNSTEIN L.P. 0.10% of their portfolio | 10.9m $288.8m | Reduced -7.3m |
| GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 9.8m $289.8m | Added +768.7k |
| Balyasny Asset Management L.P. 0.36% of their portfolio | 7.1m $198.3m | Added +4.9m |
| CITADEL ADVISORS LLC 0.11% of their portfolio | 6.9m $191.0m | Added +6.3m |
| Sumitomo Mitsui Trust Group, Inc. 0.11% of their portfolio | 6.9m $190.9m | Added +2.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.02% of their portfolio | 6.3m $176.6m | Added +1.8m |
| UBS Group AG 0.03% of their portfolio | 5.8m $161.8m | Reduced -767.5k |
| NORGES BANK 0.02% of their portfolio | 5.8m $160.4m | Not comparable |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 5.1m $142.2m | Added +245.5k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.13% of their portfolio | 4.7m $132.0m | Added +96.4k |
| XN LP 3.21% of their portfolio | 4.4m $122.1m | Reduced -2.1m |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 4.2m $117.8m | Added +1.4m |
| NORTHERN TRUST CORP 0.01% of their portfolio | 4.1m $114.4m | Added +1.2m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.05% of their portfolio | 4.1m $112.8m | Added +591.6k |
| GILDER GAGNON HOWE & CO LLC 1.14% of their portfolio | 4.0m $110.1m | Reduced -112.1k |
| Amova Asset Management Americas, Inc. 1.35% of their portfolio | 3.8m $104.9m | Reduced -48.8k |
| HMI Capital Management, L.P. 14.21% of their portfolio | 3.5m $97.5m | Reduced -310.2k |
| Amundi 0.02% of their portfolio | 3.5m $97.3m | Added +168.5k |
| Meritage Group LP 3.68% of their portfolio | 3.4m $95.5m | Added +21.8k |
| NORDEA INVESTMENT MANAGEMENT AB 0.07% of their portfolio | 3.3m $91.4m | Added +1.1m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 3.1m $85.1m | Added +321.8k |
| VANGUARD FIDUCIARY TRUST CO 0.02% of their portfolio | 3.1m $85.0m | Added +16.4k |
| Lead Edge Capital Management, LLC 15.27% of their portfolio | 3.0m $84.1m | Added +1.7m |
| JENNISON ASSOCIATES LLC 0.05% of their portfolio | 2.7m $76.0m | Reduced -495.7k |
| FEDERATED HERMES, INC. 0.11% of their portfolio | 2.7m $74.9m | Reduced -362.4k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 2.6m $72.3m | Added +1.1m |
| AMERICAN CENTURY COMPANIES INC 0.03% of their portfolio | 2.5m $69.5m | Reduced -99.4k |
| EVENTIDE ASSET MANAGEMENT, LLC 0.93% of their portfolio | 2.5m $69.4m | Added +6.0k |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 2.5m $68.3m | Added +1.4m |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 2.2m $61.7m | Added +1.2m |
| Stephens Investment Management Group LLC 0.65% of their portfolio | 2.2m $60.4m | Added +161.4k |
| EDMOND DE ROTHSCHILD HOLDING S.A. 0.77% of their portfolio | 2.1m $58.8m | Added +50.0k |
| CITIGROUP INC 0.03% of their portfolio | 2.1m $57.3m | Added +716.3k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 2.0m $55.4m | Added +149.7k |
| ZEVENBERGEN CAPITAL INVESTMENTS LLC 1.27% of their portfolio | 2.0m $55.4m | Added +217.4k |
| Junto Capital Management LP 1.00% of their portfolio | 2.0m $54.3m | New |
| Assenagon Asset Management S.A. 0.04% of their portfolio | 1.9m $54.0m | Added +1.3m |
| RENAISSANCE TECHNOLOGIES LLC 0.07% of their portfolio | 1.9m $53.8m | Reduced -2.4m |
| ARK Investment Management LLC 0.34% of their portfolio | 1.9m $51.7m | Added +49.1k |
| BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio | 1.8m $49.5m | Reduced -300.9k |
| KENSICO CAPITAL MANAGEMENT CORP 0.79% of their portfolio | 1.7m $46.2m | New |
| Park West Asset Management LLC 3.12% of their portfolio | 1.6m $45.7m | Added +899.9k |
| SG Americas Securities, LLC 0.03% of their portfolio | 1.6m $45.1m | Added +1.2m |
| NZS Capital, LLC 1.16% of their portfolio | 1.6m $44.8m | Added +134.8k |
| BARCLAYS PLC 0.01% of their portfolio | 1.5m $41.2m | Added +461.3k |
| MARSHALL WACE, LLP 0.03% of their portfolio | 1.5m $40.9m | Reduced -1.4m |
| Bridgewater Associates, LP 0.16% of their portfolio | 1.4m $39.8m | Added +1.1m |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 1.4m $39.4m | Reduced -107.0k |
| BLAIR WILLIAM & CO/IL 0.10% of their portfolio | 1.4m $39.1m | Reduced -133.3k |
| WESTFIELD CAPITAL MANAGEMENT CO LP 0.12% of their portfolio | 1.4m $38.2m | Reduced -417.7k |
| Capital Impact Advisors, LLC 2.09% of their portfolio | 1.3m $37.2m | Added +1.1m |
| Swiss National Bank 0.02% of their portfolio | 1.3m $36.8m | Reduced -36.0k |
| Nuveen, LLC 0.01% of their portfolio | 1.3m $36.8m | Reduced -261.6k |
| Champlain Investment Partners, LLC 0.94% of their portfolio | 1.3m $36.6m | Reduced -1.8m |
| 12 West Capital Management LP 6.49% of their portfolio | 1.2m $34.7m | Unchanged |
| ALKEON CAPITAL MANAGEMENT LLC 0.13% of their portfolio | 1.2m $34.4m | Unchanged |
| CONGRESS ASSET MANAGEMENT CO 0.21% of their portfolio | 1.2m $33.4m | Added +108.3k |
| FIRST TRUST ADVISORS LP 0.02% of their portfolio | 1.2m $32.9m | Added +149.7k |
| LIGHT STREET CAPITAL MANAGEMENT, LLC 3.82% of their portfolio | 1.2m $32.5m | New |
| Philosophy Capital Management LLC 3.07% of their portfolio | 1.1m $32.0m | New |
| Keenan Capital, LLC 6.14% of their portfolio | 1.1m $31.0m | New |
| VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio | 1.1m $30.2m | Added +153.6k |
| Legal & General Group Plc 0.01% of their portfolio | 1.1m $29.9m | Added +18.2k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.06% of their portfolio | 1.1m $29.6m | Added +540.1k |
| D. E. Shaw & Co., Inc. 0.02% of their portfolio | 1.0m $28.9m | Reduced -1.4m |
| Man Group plc 0.05% of their portfolio | 1.0m $28.8m | Reduced -45.1k |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 1.0m $28.6m | Added +127.2k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 1.0m $28.0m | Added +278.7k |
| Invesco Ltd. 0.00% of their portfolio | 979.0k $27.2m | Added +322.7k |
| Trexquant Investment LP 0.16% of their portfolio | 956.7k $26.6m | Reduced -922.3k |
| CAPITAL FUND MANAGEMENT S.A. 0.19% of their portfolio | 949.1k $26.4m | Reduced -33.4k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 900.3k $25.0m | Added +25.5k |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.46% of their portfolio | 879.9k $24.5m | Added +340.8k |
| Longaeva Partners L.P. 0.70% of their portfolio | 873.0k $24.3m | Reduced -68.0k |
| Stony Point Capital LLC 1.54% of their portfolio | 848.3k $23.6m | Added +28.0k |
| ARMISTICE CAPITAL, LLC 0.62% of their portfolio | 810.8k $22.6m | Added +233.4k |
| Great Point Wealth Advisors, LLC 3.62% of their portfolio | 806.6k $22.4m | New |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 787.9k $21.9m | Added +101.6k |
| Crawford Fund Management, LLC 6.62% of their portfolio | 775.8k $21.6m | Added +252.0k |
| Fiera Capital Corp 0.08% of their portfolio | 774.8k $21.6m | Reduced -575.5k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.01% of their portfolio | 759.4k $21.1m | Reduced -30.6k |
| California Public Employees Retirement System 0.01% of their portfolio | 722.5k $20.1m | Added +50.6k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 691.1k $19.2m | Added +56.1k |
| Jupiter Topco LLC 0.01% of their portfolio | 686.7k $19.1m | First filing |
| Granahan Investment Management, LLC 0.68% of their portfolio | 685.8k $19.1m | Added +286.7k |
| PRIMECAP MANAGEMENT CO/CA/ 0.01% of their portfolio | 674.3k $18.8m | Added +197.8k |
| Apis Capital Advisors, LLC 1.79% of their portfolio | 662.0k $18.4m | Added +32.0k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.01% of their portfolio | 653.4k $18.2m | Added +71.7k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 643.6k $17.9m | Reduced -9.2k |
| Delta Global Management LP 1.93% of their portfolio | 638.5k $17.8m | Reduced -300.3k |