Swiss National Bank Reduces Stake in Toast, Inc.

The bank cut its position in the restaurant tech company by 4% in the third quarter.

Mar. 13, 2026 at 9:54am

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According to a recent 13F filing, Swiss National Bank reduced its stake in Toast, Inc. (NYSE: TOST) by 4% during the third quarter. The bank previously owned 1,292,000 shares of the restaurant technology company, valued at $47.17 million. After selling 53,800 shares, Swiss National Bank now owns a 0.25% stake in Toast.

Why it matters

Toast is a fast-growing company providing cloud-based point-of-sale systems and other software to restaurants. The reduction in Swiss National Bank's position could signal a shift in investor sentiment around the stock, which has seen its share price decline from a 52-week high.

The details

In its 13F filing, Swiss National Bank reported selling 53,800 shares of Toast during the third quarter. This reduced the bank's total position to 1,292,000 shares, worth $47.17 million as of the end of the quarter. The sale represented a 4% decrease in Swiss National Bank's stake in Toast.

  • Swiss National Bank filed its 13F report for the third quarter of 2026 on March 13, 2026.

The players

Swiss National Bank

The central bank of Switzerland, which manages the country's monetary policy and currency.

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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The takeaway

The reduction in Swiss National Bank's Toast position could signal broader investor concerns about the company's stock performance, which has declined from its 52-week high. However, Toast remains a major player in the growing restaurant technology market, and its long-term prospects will depend on its ability to continue innovating and expanding its customer base.