Harbor Capital Appreciation Fund released its Q3 2025 investor letter, focusing on US equities and a 5.11% return in the quarter. They highlighted Toast, Inc. as a strong stock pick, with a one-month return of 8.80% and a market cap of $21.456 billion. The fund sees Toast’s potential for profitable growth in the restaurant tech sector.

Toast, Inc. (TOST) experienced a 7.1% decline amid a broader market downturn. While 56 hedge fund portfolios held Toast, Inc. (TOST) at the end of Q3, down from 67 in the previous quarter, the company is not among the 30 most popular stocks among hedge funds. Despite this, Toast, Inc. (TOST) is seen as a potential investment in AI stocks.

Harbor Capital Appreciation Fund expressed confidence in Toast, Inc. (TOST) in its Q3 2025 investor letter, citing the company’s leadership in cloud-based restaurant technology and its potential for growth in enterprise and international markets. The fund sees Toast’s integrated platform as a way to improve efficiency and enhance customer experience in the restaurant industry.

Read more at Yahoo Finance: Does Toast (TOST) Have Profitable Growth Potential?