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 |
|---|---|---|---|---|---|
| Allworth Financial LP | 1 | $2 | 0.00% | 00.0% | Unchanged |
| Flagship Harbor Advisors, LLC | 2 | $4 | 0.00% | +2 | New |
| Global Retirement Partners, LLC | 4 | $8 | 0.00% | 00.0% | Unchanged |
| Bogart Wealth, LLC | 100 | $199 | 0.00% | 00.0% | Unchanged |
| International Assets Investment Management, LLC | 725 | $1.44K | 0.00% | +725 | New |
| SBI Securities Co., Ltd. | 1,128 | $2.25K | 0.00% | −221−16.4% | Reduced |
| Advisor Group Holdings, Inc. | 2,400 | $4.78K | 0.00% | 00.0% | Unchanged |
| Bank of America Corp | 2,735 | $5.44K | 0.00% | −9,326−77.3% | Reduced |
| Morgan Stanley | 4,098 | $8.15K | 0.00% | +2,268+123.9% | Added |
| Tower Research Capital LLC (TRC) | 4,796 | $9.54K | 0.00% | +4,796 | New |
| Brooklands Fund Management Ltd | 4,000 | $10.4K | 0.01% | +4,000 | New |
| Simplex Trading, LLC | 7,768 | $15.5K | 0.00% | +2,817+56.9% | Added |
| Jefferies Financial Group Inc. | 12,255 | $24.4K | 0.00% | −645−5.0% | Reduced |
| Marex Group plc | 20,000 | $39.8K | 0.00% | +10,000+100.0% | Added |
| GTS Securities LLC | 20,006 | $39.8K | 0.00% | +20,006 | New |
| Capital Investment Advisors, LLC | 21,030 | $41.9K | 0.00% | 00.0% | Unchanged |
| Group One Trading, L.P. | 21,551 | $42.9K | 0.00% | +13,157+156.7% | Added |
| Jump Financial, LLC | 22,711 | $45.2K | 0.00% | +22,711 | New |
| Pantera Capital Partners LP | 27,051 | $53.8K | 0.03% | −840,457−96.9% | Reduced |
| Quadrature Capital Ltd | 27,849 | $55.4K | 0.00% | +27,849 | New |
| Gsa Capital Partners LLP | 28,238 | $56.0K | 0.00% | +28,238 | New |
| Summit Trail Advisors, LLC | 36,090 | $71.8K | 0.00% | −20,593−36.3% | Reduced |
| Boothbay Fund Management, LLC | 43,682 | $86.9K | 0.00% | −48,063−52.4% | Reduced |
| Luxor Capital Group, LP | 45,510 | $90.6K | 0.01% | −531,585−92.1% | Reduced |
| Aristides Capital LLC | 46,900 | $93.3K | 0.03% | +46,900 | New |
| Schonfeld Strategic Advisors LLC | 51,506 | $102.5K | 0.00% | +51,506 | New |
| Jane Street Group, LLC | 59,644 | $118.7K | 0.00% | +43,627+272.4% | Added |
| Two Sigma Investments, LP | 70,937 | $141.2K | 0.00% | +70,937 | New |
| ExodusPoint Capital Management, LP | 72,013 | $143.3K | 0.00% | +72,013 | New |
| UBS Group AG | 76,943 | $153.1K | 0.00% | +67,607+724.2% | Added |
| Meteora Capital, LLC | 87,716 | $174.6K | 0.01% | −95,700−52.2% | Reduced |
| Verition Fund Management LLC | 93,396 | $185.9K | 0.00% | −445,461−82.7% | Reduced |
| Northern Trust Corp | 96,763 | $192.6K | 0.00% | +426+0.4% | Added |
| Omers Administration Corp | 102,800 | $204.6K | 0.00% | +102,800 | New |
| Goldman Sachs Group Inc | 105,517 | $210.0K | 0.00% | +105,517 | New |
| Renaissance Technologies LLC | 109,400 | $217.7K | 0.00% | +109,400 | New |
| Cable Car Capital LLC | 110,000 | $218.9K | 0.01% | 00.0% | Unchanged |
| Ieq Capital, LLC | 147,476 | $293.5K | 0.00% | 00.0% | Unchanged |
| State Street Corp | 213,456 | $424.8K | 0.00% | −19,424−8.3% | Reduced |
| Millennium Management LLC | 226,672 | $451.1K | 0.00% | +204,209+909.1% | Added |
| Charles Schwab Investment Management Inc | 229,037 | $455.8K | 0.00% | −57,400−20.0% | Reduced |
| Marshall Wace, LLP | 311,433 | $619.8K | 0.00% | +311,433 | New |
| Arrington Capital Management, LLC | 378,549 | $753.3K | 0.83% | +378,549 | New |
| Geode Capital Management, LLC | 553,774 | $1.10M | 0.00% | +2,743+0.5% | Added |
| Yorkville Advisors Global, LP | 600,000 | $1.19M | 0.80% | −300,000−33.3% | Reduced |
| BlackRock, Inc. | 732,082 | $1.46M | 0.00% | +20,120+2.8% | Added |
| Vanguard Group Inc | 770,753 | $1.53M | 0.00% | 00.0% | Unchanged |
| DRW Securities, LLC | 810,147 | $1.61M | 0.12% | −156,196−16.2% | Reduced |
| Saba Capital Management, L.P. | 827,995 | $1.65M | 0.06% | +339,732+69.6% | Added |
| Ribbit Management Company, LLC | 1,577,287 | $3.14M | 0.16% | 00.0% | Unchanged |
| Aristeia Capital LLC | 4,849,363 | $9.65M | 0.27% | +2,425,887+100.1% | Added |
| 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 |