ValueAct Holdings, L.P. — TOAST INC TOST: Quarterly 13F Position History
ValueAct Holdings, L.P. has reported TOAST INC (TOST) on 6 13F-HR filings in Pactolio's tracked window, first appearing in Q4 2024. As of Q1 2026, the position is sized at 12,895,438 shares ($341.9M market value, 5.98% of the equity book). Quarter-over-quarter share count change: + 4,880,161 (+60.9%) .
- 12,895,438Shares Held (Latest Filing)
- $341.9MReported Market Value (Latest Filing)
- 5.98%Portfolio Weight (% of 13F Equity Book)
- +4,880,161Quarter-over-Quarter Share Change
- +$57.2MQuarter-over-Quarter Value Change
- 12,895,438Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 6 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 12,895,438 | +4,880,161 | +60.9% | $341.9M | 5.98% | $26.51 |
| Q4 2025 | 8,015,277 | +4,618,077 | +135.9% | $284.6M | 4.05% | $35.51 |
| Q3 2025 | 3,397,200 | +3,397,200 | — | $124.0M | 2.09% | $36.51 |
| Q2 2025 | 0 | 2,597,200 | -100.0% | $0 | 0.00% | — |
| Q1 2025 | 2,597,200 | 5,951,400 | -69.6% | $86.1M | 1.88% | $33.17 |
| Q4 2024 | 8,548,600 | — | — | $311.6M | 7.10% | $36.45 |
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 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 6 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 Q4 2025 and Q1 2026, ValueAct Holdings, L.P. added 4,880,161 shares of TOST (+60.9%), bringing the total reported position to 12,895,438 shares at a market value of $341.9M.
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.