12 West Capital Management LP: TOAST INC (TOST): Quarterly 13F Position History
As of Q1 2026, 12 West Capital Management LP reported 1,247,840 shares of TOAST INC (TOST), worth $33.1M and representing 5.6% of its 13F equity book. Quarter-over-quarter share count change: 600,000 (-32.5%) . The position first appeared in Q4 2021 and has been disclosed across 18 13F-HR filings in Pactolio's tracked window.
- 1,247,840Shares Held (Latest Filing)
- $33.1MReported Market Value (Latest Filing)
- 5.6%Portfolio Weight (% of 13F Equity Book)
- 600,000Quarter-over-Quarter Share Change
- -$32.5MQuarter-over-Quarter Value Change
- 5,771,340Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 18 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 1,247,840 | 600,000 | -32.5% | $33.1M | 5.6% | $26.5 |
| Q4 2025 | 1,847,840 | +65,000 | +3.6% | $65.6M | 7.8% | $35.5 |
| Q3 2025 | 1,782,840 | +20,000 | +1.1% | $65.1M | 6.8% | $36.5 |
| Q2 2025 | 1,762,840 | 0 | — | $78.1M | 8.3% | $44.3 |
| Q1 2025 | 1,762,840 | 1,312,000 | -42.7% | $58.5M | 8.6% | $33.2 |
| Q4 2024 | 3,074,840 | 680,000 | -18.1% | $112.1M | 11.7% | $36.5 |
| Q3 2024 | 3,754,840 | 0 | — | $106.3M | 10.9% | $28.3 |
| Q2 2024 | 3,754,840 | 16,500 | -0.4% | $96.8M | 9.9% | $25.8 |
| Q1 2024 | 3,771,340 | 2,000,000 | -34.7% | $94.0M | 8.6% | $24.9 |
| Q4 2023 | 5,771,340 | +2,000,000 | +53.0% | $105.4M | 9.9% | $18.3 |
| Q3 2023 | 3,771,340 | 0 | — | $70.6M | 6.4% | $18.7 |
| Q2 2023 | 3,771,340 | +500,000 | +15.3% | $85.1M | 7.3% | $22.6 |
| Q1 2023 | 3,271,340 | 1,500,000 | -31.4% | $58.1M | 5.0% | $17.8 |
| Q4 2022 | 4,771,340 | 0 | — | $86.0M | 8.7% | $18.0 |
| Q3 2022 | 4,771,340 | +1,457,869 | +44.0% | $79.8M | 7.0% | $16.7 |
| Q2 2022 | 3,313,471 | 0 | — | $42.9M | 3.7% | $12.9 |
| Q1 2022 | 3,313,471 | +2,730,091 | +468.0% | $72.0M | 4.4% | $21.7 |
| Q4 2021 | 583,380 | — | — | $20.2M | 0.9% | $34.7 |
Methodology & FAQ
How This Position History Is Sourced
Each row is one SEC Form 13F-HR filing disclosing this position. Share count, market value, and reported quarter are taken verbatim from the filing; portfolio weight is recomputed against the same filing's total reported equity book. Implied price-per-share is market value divided by shares — a quarter-end mark, not the manager's cost basis. See the full methodology document for the normalization rules.
When did 12 West Capital Management LP first disclose a TOST position in 13F-HR filings?
12 West Capital Management LP first reported TOAST INC (TOST) on its 13F-HR filing for the period ending 2021-12-31 (Q4 2021). The position has appeared on 18 reported quarters within Pactolio's tracked window.
What was 12 West Capital Management LP's most recent quarter-over-quarter share-count change in TOST?
Between Q4 2025 and Q1 2026, 12 West Capital Management LP reduced its TOST position by 600,000 shares (-32.5%), leaving 1,247,840 shares at a market value of $33.1M.
Does the implied price-per-share represent 12 West Capital Management LP's cost basis in TOST?
No. The implied price-per-share column is the 13F-HR reported market value divided by reported share count on the filing date (end of quarter). It is a quarter-end mark, not a cost basis or transaction price. Use it as a sanity check on the value column, not as an indicator of the manager's entry or exit price.