TON Strategy Co
TONX- Exchange
- Nasdaq
- Industry
- Finance Services
- SEC CIK
- 0001566610
In the last 90 days, TON Strategy Co insiders filed 1 open-market purchase and 2 sales; 40 institutions reported holding it in 13F filings for Q2 2026, worth $86.3M in total; no superinvestor holds it.
13F holders, Q4 2025
Institutional positions in TON Strategy Co as of Dec 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works
- Institutional holders
- 51
- +5 vs. Q3 2025
- Shares held
- 13.7M
- −3.26M (−19.2%) vs. Q3 2025
- Total value
- $27.2M
- −$91.7M (−77.1%) vs. Q3 2025
- New holders
- 17
- 12 more added
- Sold out
- 12
- 13 more reduced
1 institution that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q3 2025: new holders, sold out and not filed yet
Holders and value by quarter
Institutions reporting TONX on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 40 | $86.3M |
| Q1 2026 | 40 | $38.2M |
| Q4 2025 | 51 | $27.2M |
| Q3 2025 | 47 | $120.8M |
| Q2 2025 | 10 | $325.3K |
| Q1 2025 | 5 | $77.3K |
| Q4 2024 | 8 | $224.9K |
| Q3 2024 | 26 | $183.8K |
| Q2 2024 | 25 | $283.4K |
| Q1 2024 | 21 | $116.1K |
| Q4 2023 | 17 | $55.9K |
| Q3 2023 | 16 | $118.3K |
| Q2 2023 | 15 | $253.8K |
| Q1 2023 | 33 | $2.11M |
| Q4 2022 | 32 | $1.34M |
| Q3 2022 | 29 | $3.56M |
| Q2 2022 | 29 | $3.89M |
| Q1 2022 | 31 | $5.69M |
| Q4 2021 | 34 | $8.79M |
| Q3 2021 | 35 | $11.3M |
| Q2 2021 | 33 | $9.88M |
| Q1 2021 | 29 | $5.46M |
Institutions, Q4 2025
Shares, value and share of portfolio for each institution holding TON Strategy Co; share changes are against Q3 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Aristeia Capital LLC | 4,849,363 | $9.65M | 0.27% | +2,425,887+100.1% | Added |
| Ribbit Management Company, LLC | 1,577,287 | $3.14M | 0.16% | 00.0% | Unchanged |
| Saba Capital Management, L.P. | 827,995 | $1.65M | 0.06% | +339,732+69.6% | Added |
| DRW Securities, LLC | 810,147 | $1.61M | 0.12% | −156,196−16.2% | Reduced |
| Vanguard Group Inc | 770,753 | $1.53M | 0.00% | 00.0% | Unchanged |
| BlackRock, Inc. | 732,082 | $1.46M | 0.00% | +20,120+2.8% | Added |
| Yorkville Advisors Global, LP | 600,000 | $1.19M | 0.80% | −300,000−33.3% | Reduced |
| Geode Capital Management, LLC | 553,774 | $1.10M | 0.00% | +2,743+0.5% | Added |
| Arrington Capital Management, LLC | 378,549 | $753.3K | 0.83% | +378,549 | New |
| Marshall Wace, LLP | 311,433 | $619.8K | 0.00% | +311,433 | New |
| Charles Schwab Investment Management Inc | 229,037 | $455.8K | 0.00% | −57,400−20.0% | Reduced |
| Millennium Management LLC | 226,672 | $451.1K | 0.00% | +204,209+909.1% | Added |
| State Street Corp | 213,456 | $424.8K | 0.00% | −19,424−8.3% | Reduced |
| Ieq Capital, LLC | 147,476 | $293.5K | 0.00% | 00.0% | Unchanged |
| Cable Car Capital LLC | 110,000 | $218.9K | 0.01% | 00.0% | Unchanged |
| Renaissance Technologies LLC | 109,400 | $217.7K | 0.00% | +109,400 | New |
| Goldman Sachs Group Inc | 105,517 | $210.0K | 0.00% | +105,517 | New |
| Omers Administration Corp | 102,800 | $204.6K | 0.00% | +102,800 | New |
| Northern Trust Corp | 96,763 | $192.6K | 0.00% | +426+0.4% | Added |
| Verition Fund Management LLC | 93,396 | $185.9K | 0.00% | −445,461−82.7% | Reduced |
| Meteora Capital, LLC | 87,716 | $174.6K | 0.01% | −95,700−52.2% | Reduced |
| UBS Group AG | 76,943 | $153.1K | 0.00% | +67,607+724.2% | Added |
| ExodusPoint Capital Management, LP | 72,013 | $143.3K | 0.00% | +72,013 | New |
| Two Sigma Investments, LP | 70,937 | $141.2K | 0.00% | +70,937 | New |
| Jane Street Group, LLC | 59,644 | $118.7K | 0.00% | +43,627+272.4% | Added |
| Schonfeld Strategic Advisors LLC | 51,506 | $102.5K | 0.00% | +51,506 | New |
| Aristides Capital LLC | 46,900 | $93.3K | 0.03% | +46,900 | New |
| Luxor Capital Group, LP | 45,510 | $90.6K | 0.01% | −531,585−92.1% | Reduced |
| Boothbay Fund Management, LLC | 43,682 | $86.9K | 0.00% | −48,063−52.4% | Reduced |
| Summit Trail Advisors, LLC | 36,090 | $71.8K | 0.00% | −20,593−36.3% | Reduced |
| Gsa Capital Partners LLP | 28,238 | $56.0K | 0.00% | +28,238 | New |
| Quadrature Capital Ltd | 27,849 | $55.4K | 0.00% | +27,849 | New |
| Pantera Capital Partners LP | 27,051 | $53.8K | 0.03% | −840,457−96.9% | Reduced |
| Jump Financial, LLC | 22,711 | $45.2K | 0.00% | +22,711 | New |
| Group One Trading, L.P. | 21,551 | $42.9K | 0.00% | +13,157+156.7% | Added |
| Capital Investment Advisors, LLC | 21,030 | $41.9K | 0.00% | 00.0% | Unchanged |
| GTS Securities LLC | 20,006 | $39.8K | 0.00% | +20,006 | New |
| Marex Group plc | 20,000 | $39.8K | 0.00% | +10,000+100.0% | Added |
| Jefferies Financial Group Inc. | 12,255 | $24.4K | 0.00% | −645−5.0% | Reduced |
| Simplex Trading, LLC | 7,768 | $15.5K | 0.00% | +2,817+56.9% | Added |
| Brooklands Fund Management Ltd | 4,000 | $10.4K | 0.01% | +4,000 | New |
| Tower Research Capital LLC (TRC) | 4,796 | $9.54K | 0.00% | +4,796 | New |
| Morgan Stanley | 4,098 | $8.15K | 0.00% | +2,268+123.9% | Added |
| Bank of America Corp | 2,735 | $5.44K | 0.00% | −9,326−77.3% | Reduced |
| Advisor Group Holdings, Inc. | 2,400 | $4.78K | 0.00% | 00.0% | Unchanged |
| SBI Securities Co., Ltd. | 1,128 | $2.25K | 0.00% | −221−16.4% | Reduced |
| International Assets Investment Management, LLC | 725 | $1.44K | 0.00% | +725 | New |
| Bogart Wealth, LLC | 100 | $199 | 0.00% | 00.0% | Unchanged |
| Global Retirement Partners, LLC | 4 | $8 | 0.00% | 00.0% | Unchanged |
| Flagship Harbor Advisors, LLC | 2 | $4 | 0.00% | +2 | New |
| Allworth Financial LP | 1 | $2 | 0.00% | 00.0% | Unchanged |
| TOMS Capital Investment Management LP | 0 | $0 | 0.00% | −2,318,522−100.0% | Sold out |
| Polar Asset Management Partners Inc. | 0 | $0 | 0.00% | −992,269−100.0% | Sold out |
| One Fin Capital Management LP | 0 | $0 | 0.00% | −700,000−100.0% | Sold out |
| Alyeska Investment Group, L.P. | 0 | $0 | 0.00% | −679,597−100.0% | Sold out |
| Empyrean Capital Partners, LP | 0 | $0 | 0.00% | −192,621−100.0% | Sold out |
| Tekne Capital Management, LLC | 0 | $0 | 0.00% | −157,810−100.0% | Sold out |
| XTX Topco Ltd | 0 | $0 | 0.00% | −59,138−100.0% | Sold out |
| Citadel Advisors LLC | 0 | $0 | 0.00% | −52,405−100.0% | Sold out |
| Virtu Financial LLC | 0 | $0 | 0.00% | −45,319−100.0% | Sold out |
| Squarepoint Ops LLC | 0 | $0 | 0.00% | −22,880−100.0% | Sold out |
| GWM Advisors LLC | 0 | $0 | 0.00% | −1−100.0% | Sold out |
| Royal Bank of Canada | 0 | $0 | 0.00% | −15−100.0% | Sold out |
| Maso Capital Partners Ltd | – | – | – | – | Not filed |