Toast, Inc. - Class A Stock (TOST) Institutional Ownership

13F Institutional Holders and Ownership History from Q3 2021 to Q4 2025

Type / Class
Equity / Class A Stock
Symbol
TOST on NYSE
Shares outstanding
510,088,529
Price per share
$35.51
All holders as of 30 Sep 2025
Q3 2025
Total 13F shares
439,022,245
Total reported value
$16,028,465,126
% of total 13F portfolios
0.01%
Share change
-5,271,861
Value change
-$337,185,078
Number of holders
724
Price from insider filings
$35.51
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors

Significant Owners of Toast, Inc. - Class A Stock (TOST) based on Schedule 13D/G filings

Filer Ownership Change % Holdings Value Net Change Nb Shares Change % Reporting Name Report Period
Technology Investment Dining Group, LLC 6.4% $1,194,901,325 32,728,056 Technology Investment Dining Group, LLC 30 Sep 2025
Fredette Stephen 5.9% $1,043,476,333 30,618,437 Stephen Fredette 31 Dec 2024
FMR LLC 6.5% $1,042,704,321 30,595,784 FMR LLC 31 Dec 2024
BlackRock, Inc. 5.1% +2% $923,775,428 +$48,725,757 26,014,515 +5.6% BlackRock, Inc. 31 Dec 2025
PRICE T ROWE ASSOCIATES INC /MD/ 4.2% $680,356,864 19,963,523 T. Rowe Price Associates, Inc. 31 Dec 2024

As of 30 Sep 2025, 724 institutional investors reported holding 439,022,245 shares of Toast, Inc. - Class A Stock (TOST). This represents 86% of the company’s total 510,088,529 outstanding shares.

Top 25 Institutional Shareholders

The largest institutional shareholders of Toast, Inc. - Class A Stock (TOST) together control 57% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.

Institution Ownership % Shares Held Share Change % Portfolio % Holdings Value
Capital International Investors 9.5% 48,428,060 +7.4% 0.29% $1,768,256,309
VANGUARD GROUP INC 8.8% 44,764,157 +0.79% 0.02% $1,634,339,372
FMR LLC 5.4% 27,349,179 +2.5% 0.05% $998,518,529
BlackRock, Inc. 5.2% 26,477,381 +2.9% 0.02% $966,689,161
JENNISON ASSOCIATES LLC 2.9% 15,000,561 +74% 0.32% $547,670,465
T. Rowe Price Investment Management, Inc. 2.1% 10,688,479 -25% 0.24% $390,237,000
JPMORGAN CHASE & CO 1.9% 9,914,507 -4.7% 0.02% $361,982,265
MORGAN STANLEY 1.9% 9,719,139 +0.63% 0.02% $354,845,819
STATE STREET CORP 1.9% 9,538,312 +3.5% 0.01% $348,243,771
GEODE CAPITAL MANAGEMENT, LLC 1.7% 8,505,826 +7.6% 0.02% $309,673,098
ALLIANCEBERNSTEIN L.P. 1.6% 8,215,758 +2433% 0.09% $299,957,325
Sumitomo Mitsui Trust Group, Inc. 1.5% 7,517,216 +36% 0.16% $274,453,556
Qube Research & Technologies Ltd 1.3% 6,519,461 -3.2% 0.34% $238,025,521
Durable Capital Partners LP 1.2% 6,360,898 -38% 1.7% $232,236,386
XN LP 1.2% 5,958,530 +14% 6.4% $217,545,930
BANK OF AMERICA CORP /DE/ 1.2% 5,927,355 -6.3% 0.02% $216,407,738
PRINCIPAL FINANCIAL GROUP INC 1.2% 5,909,100 +2.6% 0.11% $215,742,563
PRICE T ROWE ASSOCIATES INC /MD/ 1% 5,221,491 -57% 0.02% $190,637,000
MARSHALL WACE, LLP 1% 5,093,785 -35% 0.2% $185,974,089
GILDER GAGNON HOWE & CO LLC 0.9% 4,585,760 +4.8% 1.7% $167,426,098
UBS Group AG 0.88% 4,494,787 -26% 0.03% $164,104,674
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.85% 4,343,474 +25% 0.1% $158,580,236
Amova Asset Management Americas, Inc. 0.84% 4,278,523 -8.2% 1.5% $156,123,304
BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.79% 4,044,838 +17% 0.38% $147,677,000
FEDERATED HERMES, INC. 0.69% 3,526,694 -12% 0.23% $128,759,598

Institutional Holders of Toast, Inc. - Class A Stock (TOST) across Reporting Periods

Period Reported Shares, Excl. Options Value, Excl. Options Value Change Price (Median) Investors
2025 Q4 7,968,776 $282,509,193 +$12,920,225 $35.51 115
2025 Q3 439,022,245 $16,028,465,126 -$337,185,078 $36.51 724
2025 Q2 443,277,990 $19,619,174,612 +$1,197,017,132 $44.29 740
2025 Q1 418,678,227 $13,888,171,761 +$68,672,953 $33.17 644
2024 Q4 416,318,658 $15,174,797,398 +$369,192,843 $36.45 620
2024 Q3 404,160,624 $11,441,698,813 +$580,793,942 $28.31 517
2024 Q2 384,953,871 $9,919,105,920 +$703,653,196 $25.77 505
2024 Q1 357,338,214 $8,903,293,544 +$347,608,456 $24.92 472
2023 Q4 446,933 $8,160,997 -$9,666,935 $18.26 5
2023 Q3 342,998,674 $6,423,675,240 +$323,482,876 $18.73 404
2023 Q2 322,443,948 $7,277,813,838 +$451,745,977 $22.57 383
2023 Q1 305,614,084 $5,422,139,007 +$103,502,636 $17.75 356
2022 Q4 299,855,994 $5,405,846,066 +$598,948,777 $18.03 337
2022 Q3 264,038,693 $4,418,082,898 +$454,747,357 $16.72 265
2022 Q2 231,496,211 $2,993,479,129 +$829,271,267 $12.94 218
2022 Q1 167,080,634 $3,629,234,471 +$299,432,407 $21.73 173
2021 Q4 140,860,552 $4,795,980,866 +$2,826,386,091 $34.71 156
2021 Q3 50,060,052 $2,373,516,098 +$2,367,614,173 $49.95 120