TD Asset Management Inc Decreases Stake in Toast, Inc.

The institutional investor sold 275,912 shares of the restaurant technology company in the third quarter.

Published on Mar. 3, 2026

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TD Asset Management Inc. reduced its holdings in Toast, Inc. (NYSE:TOST) by 24.4% in the third quarter, according to the company's recent Form 13F filing with the Securities and Exchange Commission. The institutional investor now owns 853,589 shares of the company's stock, worth approximately $31.17 million.

Why it matters

This filing indicates that one of Toast's major institutional investors has decreased its stake in the company, which could signal a shift in market sentiment or investment strategy. As a leading provider of restaurant technology solutions, Toast's performance is closely watched by industry analysts and investors.

The details

According to the 13F filing, TD Asset Management sold 275,912 shares of Toast stock during the third quarter. The firm now owns approximately 0.17% of Toast's outstanding shares. The filing does not provide specific reasons for the decrease in stake, but it could be due to a variety of factors such as portfolio rebalancing, concerns about the company's outlook, or broader market conditions.

  • TD Asset Management filed the 13F report disclosing the stake decrease on February 28, 2026.
  • The stake reduction occurred during the third quarter of the previous year.

The players

TD Asset Management Inc.

A Canadian investment management firm that serves institutional and retail clients.

Toast, Inc.

A Boston-based technology company that provides cloud-based point-of-sale systems and other software solutions for the restaurant industry.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

The takeaway

This filing highlights the volatility and uncertainty surrounding Toast's stock performance, as a major institutional investor has reduced its position. It underscores the need for close monitoring of key developments and market trends affecting the restaurant technology sector.