ValueAct Holdings, L.P.: TOAST INC (TOST): Quarterly 13F Position History
As of Q2 2026, ValueAct Holdings, L.P. reported 14,134,038 shares of TOAST INC (TOST), worth $393.2M and representing 7.0% of its 13F equity book. Quarter-over-quarter share count change: + 1,238,600 (+9.6%) . The position first appeared in Q4 2024 and has been disclosed across 7 13F-HR filings in Pactolio's tracked window.
- 14,134,038Shares Held (Latest Filing)
- $393.2MReported Market Value (Latest Filing)
- 7.0%Portfolio Weight (% of 13F Equity Book)
- +1,238,600Quarter-over-Quarter Share Change
- +$51.4MQuarter-over-Quarter Value Change
- 14,134,038Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 7 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q2 2026 | 14,134,038 | +1,238,600 | +9.6% | $393.2M | 7.0% | $27.8 |
| Q1 2026 | 12,895,438 | +4,880,161 | +60.9% | $341.9M | 6.0% | $26.5 |
| Q4 2025 | 8,015,277 | +4,618,077 | +135.9% | $284.6M | 4.1% | $35.5 |
| Q3 2025 | 3,397,200 | +3,397,200 | – | $124.0M | 2.1% | $36.5 |
| Q2 2025 | 0 | 2,597,200 | -100.0% | $0 | 0.0% | – |
| Q1 2025 | 2,597,200 | 5,951,400 | -69.6% | $86.1M | 1.9% | $33.2 |
| Q4 2024 | 8,548,600 | – | – | $311.6M | 7.1% | $36.5 |
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 rather than the manager's cost basis. See the full methodology document for the normalization rules.
When did ValueAct Holdings, L.P. first disclose a TOST position in 13F-HR filings?
ValueAct Holdings, L.P. first reported TOAST INC (TOST) on its 13F-HR filing for the period ending 2024-12-31 (Q4 2024). The position has appeared on 7 reported quarters within Pactolio's tracked window.
What was ValueAct Holdings, L.P.'s most recent quarter-over-quarter share-count change in TOST?
Between Q1 2026 and Q2 2026, ValueAct Holdings, L.P. added 1,238,600 shares of TOST (+9.6%), bringing the total reported position to 14,134,038 shares at a market value of $393.2M.
Does the implied price-per-share represent ValueAct Holdings, L.P.'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.