Toast Inc (TOST) Hedge Fund Ownership (Q2 2026)

Q: Is it too late to buy Toast Inc (TOST) following the 2026 Q2 hedge fund 13F filings?

As of today, TOST has moved -12.8% since the 2026 Q2 13F filing date (August 14, 2026), compared to -0.2% for the XLK sector ETF — an outperformance of -12.6%. Since the quarter end (June 30, 2026), TOST gained +8.9% vs -0.5% for XLK. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Toast Inc (TOST)

756 + Investors. Track Smart Money conviction in TOST. See who's accumulating, reducing, or initiating positions.

Smart Money Signals — TOST

Based on 775 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q

For 1 consecutive quarter, more hedge funds added TOST than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

🏔️

At the ownership peak (97% of max)

97% of all-time peak

775 hedge funds hold TOST right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.

📶

Steady growth — +4% more funds vs a year ago

fund count last 6Q

+28 new funds entered over the past year (+4% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.

🟡

Slight buying edge — 54% buying

442 buying380 selling

Last quarter: 442 funds bought or added vs 380 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

📈

More new buyers each quarter (+18 vs last Q)

new funds entering per quarter

Funds opening a new TOST position: 118 → 154 → 115 → 133. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.

🔒

47% of holders stayed for 2+ years

■ 47% conviction (2yr+) ■ 27% medium ■ 26% new

361 out of 775 hedge funds have held TOST for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

➡️

Steady discovery — ~133 new funds/quarter

157 → 118 → 154 → 115 → 133 new funds/Q

New funds entering each quarter: 118 → 154 → 115 → 133. Consistent flow of new institutional buyers without clear acceleration or slowdown.

🏛️

Veteran-anchored — 52% veterans vs 31% newcomers

■ 52% veterans ■ 17% 1-2yr ■ 31% new

Entry-cohort mix of 814 holders: 422 (52%) are 2+ year veterans, 140 entered 1–2 years ago, and 252 (31%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.

🏆

Elite ownership — 62% AUM from top-100 funds

62% from top-100 AUM funds

67 of 765 holders are among the 100 largest funds by AUM, controlling 62% of total institutional value in TOST. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

3.5

out of 10

Low Exit Risk

Exit risk score 3.5/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Metric	All 13F Filers (2026 Q2)	Prior (2026 Q1)	Change
Funds Holding	756	765	-1.18%
13F Shares	506M	455M	11.16%
Total Value	$13.75B	$12.02B	14.38%
New Positions	127	115	+12
Increased Positions	295	307	-12
Closed Positions	126	146	-20
Reduced Positions	244	230	+14
Total Calls	25	27	-7.41%
Total Puts	23	15	53.33%
PUT/CALL Ratio	0.92	0.56	Neutral

Metric

All 13F Filers (2026 Q2)

Prior (2026 Q1)

Change

Funds Holding

756

765

-1.18%

13F Shares

506M

455M

11.16%

Total Value

$13.75B

$12.02B

14.38%

New Positions

127

115

+12

Increased Positions

295

307

-12

Closed Positions

126

146

-20

Reduced Positions

244

230

+14

Total Calls

-7.41%

Total Puts

53.33%

PUT/CALL Ratio

0.92

0.56

Neutral

Institutional Holders (2026 Q2)

756 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in TOST. Verified SEC 13F-HR filings.

QUARTER:

FILTER:All New Added To Reduced No Change | Overweight >5%

Top 25 TOST holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Lead Edge Capital Management, LLC	15.27%	3,021,216	$84.1M
2	HMI Capital Management, L.P.	13.69%	3,504,744	$97.5M
3	Mayar Capital Ltd.	8.06%	258,200	$7.2M
4	Hamilton Lane Advisors LLC	7.50%	400,490	$11.1M
5	ValueAct Holdings, L.P.	6.98%	14,134,038	$393.2M
6	12 West Capital Management LP	6.49%	1,247,840	$34.7M
7	Keenan Capital, LLC	6.14%	1,115,979	$31.0M
8	Nixon Capital, LLC	5.45%	622,725	$17.3M
9	TFJ Management, LLC	4.73%	350,565	$9.8M
10	Triavera Capital LLC	4.24%	280,000	$7.8M
11	Arohi Asset Management PTE Ltd.	4.23%	415,737	$11.6M
12	Meritage Group LP	3.68%	3,432,027	$95.5M
13	Great Point Wealth Advisors, LLC	3.62%	806,646	$22.4M
14	Light Street Capital Management, LLC	3.60%	1,167,500	$32.5M
15	Crawford Fund Management, LLC	3.31%	775,836	$21.6M
16	Xn LP	3.21%	4,389,160	$122.1M
17	Flight Deck Capital, LP	3.19%	236,062	$6.6M
18	Park West Asset Management LLC	3.11%	1,642,010	$45.7M
19	LB Partners LLC	2.94%	155,000	$4.3M
20	Terril Brothers, INC.	2.90%	404,955	$11.3M
21	Independent Family Office, LLC	2.79%	250,000	$7.0M
22	Campbell Capital Management Inc	2.74%	274,436	$7.6M
23	Caden Capital Partners, LP	2.63%	7,841	$218K
24	Whetstone Capital Advisors, LLC	2.46%	336,853	$9.4M
25	Arkfeld Wealth Strategies, L.L.C.	2.33%	264,821	$7.8M

Investor	Ownership History	% of Portfolio	Prev %	Rank	Conviction	Avg Buy Price	13F Score™ 3Y / 7Y	Sell Timing	Shares	Mkt Value	Change	Change %	Source	Quarter	Filed

Frequently Asked Questions — Toast Inc (TOST)

What does the Smart Money Trend signal show for TOST?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added TOST than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for TOST?

Slight buying edge — 54% buying: Last quarter: 442 funds bought or added vs 380 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for TOST holders?

Elite ownership — 62% AUM from top-100 funds: 67 of 765 holders are among the 100 largest funds by AUM, controlling 62% of total institutional value in TOST. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held TOST?

47% of holders stayed for 2+ years: 361 out of 775 hedge funds have held TOST for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Toast Inc (TOST) following the 2026 Q2 hedge fund 13F filings?

As of today, TOST has moved -12.8% since the 2026 Q2 13F filing date (August 14, 2026), compared to -0.2% for the XLK sector ETF — an outperformance of -12.6%. Since the quarter end (June 30, 2026), TOST has gained +8.9% vs -0.5% for XLK. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

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Toast Inc (TOST)

Smart Money Signals — TOST

Buying streak — 1 quarter in a row

At the ownership peak (97% of max)

Steady growth — +4% more funds vs a year ago

Slight buying edge — 54% buying

More new buyers each quarter (+18 vs last Q)

47% of holders stayed for 2+ years

Steady discovery — ~133 new funds/quarter

Veteran-anchored — 52% veterans vs 31% newcomers

Elite ownership — 62% AUM from top-100 funds

Institutional Sentiment Summary — TOST

Hedge Fund Ownership: TOST

Market Analysis: TOST

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: TOST

Is It Too Late to Buy Toast Inc (TOST) Based on Hedge Fund 13F Filings?

Hedge Fund Positioning: TOST

Statistics: TOST

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q2)

Frequently Asked Questions — Toast Inc (TOST)

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