About

StockToast shows what the smart money is doing

Company insiders and big funds have to tell the SEC when they buy and sell. Those filings are public, but they are hard to read and mostly noise. StockToast reads every one, drops the routine ones, and shows what is left in plain pictures.

Where the data comes from

• Insider trades come from Form 4. Insiders file within 2 business days of a trade.
• Fund holdings come from Form 13F. It is a snapshot of long positions on the last day of each quarter, filed up to 45 days later. It does not show short positions.
• Activist stakes come from Schedules 13D and 13G, filed when someone owns more than 5% of a company.
• Company results come from the XBRL financial data in each 10-Q and 10-K.

What "real" means

A real trade is an open-market buy or sale by an officer or director. We leave out stock grants, shares withheld to pay tax, option exercises, gifts, and sales planned months ahead under a 10b5-1 plan. Those happen on a schedule and say little about what an insider thinks.

Not advice

StockToast shows data. It does not tell anyone to buy or sell anything.