TONX
TON Strategy CoCompany with tickers: TONX
CIK
1566610
CUSIP
92337U302
Shares Outstanding
56,530,617
Website
https://www.tonstrat.com
Investor Relations
https://www.tonstrat.com/shareholders/
13F Activity (30d)
20 filings
20 filers
Institutional ownership from SEC Form 13F filings. Investment managers with more than $100 million in U.S. equities must disclose their positions every quarter, within 45 days of quarter-end, so the holdings shown can lag the market by up to a quarter.
Holders: 30
Total Value: $19,177,568
Total Shares: 7,764,203
Institutional Ownership Trend
9 quarters
Holder Concentration
Across 30 13F filers · Δ vs Dec 31, 2025Top Holder
29.5%
+1.8 pts
Top 5
75.1%
+6.4 pts
Top 10
92.8%
+8.5 pts
HHI
1,573
Moderately concentrated+283
Quarterly Activity
vs Dec 31, 2025
New
9
Increased
5
Decreased
7
Sold Out
20
Unchanged
9
Holder count:
-11
Institutional value:
-8.7%
Shares held:
-26.4%
Top Buyers
vs Dec 31, 2025| Institution | Added | Now Holds | Open |
|---|---|---|---|
| Mega SUSQUEHANNA INTERNATIONAL GROUP, LLP | +257,995 | 298,695 | |
| Mid Summit Trail Advisors, LLC | +30,875 | 66,965 | |
| Mega GEODE CAPITAL MANAGEMENT, LLC | +26,752 | 580,526 | |
| Mega NORTHERN TRUST CORP | +7,905 | 104,668 | |
| Mid SBI Securities Co., Ltd. | +224 | 1,352 |
Top Sellers
vs Dec 31, 2025| Institution | Sold | Now Holds | Open |
|---|---|---|---|
| Large MARSHALL WACE, LLP | −128,882 | 182,551 | |
| Large OMERS ADMINISTRATION Corp | −67,200 | 35,600 | |
| Mega TWO SIGMA INVESTMENTS, LP | −39,638 | 31,299 | |
| Mid DRW Securities, LLC | −21,503 | 788,644 | |
| Large IEQ CAPITAL, LLC | −21,030 | 126,446 |
Top New Positions
vs Dec 31, 2025| Institution | Acquired | Value (USD) | Open |
|---|---|---|---|
| Mega VANGUARD CAPITAL MANAGEMENT LLC | 2,287,988 | $5,651,330 | |
| Mega VANGUARD FIDUCIARY TRUST CO | 298,819 | $738,082 | |
| Small ParaFi Capital LP | 50,380 | $124,438 | |
| Mid Brevan Howard Capital Management LP | 39,228 | $96,893 | |
| Mega Vanguard Global Advisers, LLC | 20,990 | $51,845 |
Top Sold-Out Positions
vs Dec 31, 2025| Institution | Previously Held | Last Value (USD) | Open |
|---|---|---|---|
| Mid ARISTEIA CAPITAL, L.L.C. | 4,849,363 | $9,650,232 | |
| Small Cable Car Capital, LP | 110,000 | $218,900 | |
| Large Verition Fund Management LLC | 93,396 | $185,858 | |
| Mega UBS Group AG | 76,943 | $153,116 | |
| Large ExodusPoint Capital Management, LP | 72,013 | $143,305 |
| Holder | Value (USD) | % of 13F | Shares | Type | Discretion | Filed | Open | |||
|---|---|---|---|---|---|---|---|---|---|---|
| Mega VANGUARD CAPITAL MANAGEMENT LLC | $5,651,330 | 29.47% | 2,287,988 | Shares | Defined | 2026-05-15 | ||||
| Mid Ribbit Management Company, LLC | $3,895,898 | 20.31% | 1,577,287 | Shares | Sole | 2026-05-15 | ||||
| Mid DRW Securities, LLC Broker-Dealer | $1,947,950 | 10.16% | 788,644 | Shares | Other | 2026-05-13 | ||||
| Small Yorkville Advisors Global, LP | $1,482,000 | 7.73% | 600,000 | Shares | Sole | 2026-05-13 | ||||
| Mega GEODE CAPITAL MANAGEMENT, LLC | $1,433,898 | 7.48% | 580,526 | Shares | Defined | 2026-05-15 | ||||
| Micro Arrington Capital Management, LLC | $935,016 | 4.88% | 378,549 | Shares | Sole | 2026-05-14 | ||||
| Mega VANGUARD FIDUCIARY TRUST CO Bank | $738,082 | 3.85% | 298,819 | Shares | Defined | 2026-05-08 | ||||
| Mega STATE STREET CORP | $527,236 | 2.75% | 213,456 | Shares | Defined | 2026-05-15 | ||||
| Mega SUSQUEHANNA INTERNATIONAL GROUP, LLP | $495,716 | 2.58% | 200,695 | Shares | Other | 2026-05-15 | ||||
| Large MARSHALL WACE, LLP | $450,900 | 2.35% | 182,551 | Shares | Other | 2026-05-15 | ||||
| Large IEQ CAPITAL, LLC | $312,321 | 1.63% | 126,446 | Shares | Sole | 2026-05-15 | ||||
| Mega NORTHERN TRUST CORP Bank | $258,529 | 1.35% | 104,668 | Shares | Defined | 2026-05-14 | ||||
| Mid Summit Trail Advisors, LLC | $165,403 | 0.86% | 66,965 | Shares | Sole | 2026-05-12 | ||||
| Mega SUSQUEHANNA INTERNATIONAL GROUP, LLP | $150,917 | 0.79% | 61,100 | Call | Other | 2026-05-15 | ||||
| Small ParaFi Capital LP | $124,438 | 0.65% | 50,380 | Shares | Sole | 2026-05-15 | ||||
| Mid Brevan Howard Capital Management LP | $96,893 | 0.51% | 39,228 | Shares | Defined | 2026-05-15 | ||||
| Mega SUSQUEHANNA INTERNATIONAL GROUP, LLP | $91,143 | 0.48% | 36,900 | Put | Other | 2026-05-15 | ||||
| Large OMERS ADMINISTRATION Corp | $87,932 | 0.46% | 35,600 | Shares | Sole | 2026-05-15 | ||||
| Mega TWO SIGMA INVESTMENTS, LP | $77,308 | 0.40% | 31,299 | Shares | Sole | 2026-05-15 | ||||
| Mid Capital Investment Advisors, LLC | $51,944 | 0.27% | 21,030 | Shares | Sole | 2026-04-17 | ||||
| Mega Vanguard Global Advisers, LLC | $51,845 | 0.27% | 20,990 | Shares | Defined | 2026-05-08 | ||||
| Small Catalyst Funds Management Pty Ltd | $45,201 | 0.24% | 18,300 | Shares | Sole | 2026-05-11 | ||||
| Large Squarepoint Ops LLC | $31,354 | 0.16% | 12,694 | Shares | Defined | 2026-05-15 | ||||
| Mid Virtu Financial LLC | $27,375 | 0.14% | 11,083 | Shares | Defined | 2026-05-14 | ||||
| Mid GTS SECURITIES LLC Broker-Dealer | $24,746 | 0.13% | 10,019 | Shares | Defined | 2026-05-15 | ||||
| Mid SIMPLEX TRADING, LLC | $10,445 | 0.05% | 4,229 | Shares | Sole | 2026-05-14 | ||||
| Large OSAIC HOLDINGS, INC. | $5,928 | 0.03% | 2,400 | Shares | Defined | 2026-05-15 | ||||
| Mid SBI Securities Co., Ltd. Broker-Dealer | $3,339 | 0.02% | 1,352 | Shares | Defined | 2026-04-28 | ||||
| Mid INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC | $1,790 | 0.01% | 725 | Shares | Sole | 2026-05-01 | ||||
| Mega CITIGROUP INC | $442 | 0.00% | 179 | Shares | Defined | 2026-05-11 | ||||
| Mid Bogart Wealth, LLC | $247 | 0.00% | 100 | Shares | Sole | 2026-04-28 | ||||
| Mid Allworth Financial LP | $2 | 0.00% | 1 | Shares | Sole | 2026-05-15 | ||||
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