# TON STRATEGY CO (TONX)

> Institutional ownership reported to the SEC as of Q2 2026, from Form 13F filings. Source: https://holderbook.com/stocks/TONX/

- Reporting holders: 42
- Reported value: $89.1M
- Shares held by institutions: 34,296,625 of 55,071,989 outstanding
- Held through calls: 0.3%
- Held through puts: 1.6%

A 13F reports long US equity positions only. Shorts, bonds, foreign listings and cash are not visible here, and positions are disclosed up to 45 days after the quarter ends.

## Largest holders

| Manager | Value | Shares | Share of their book | Quarters held |
|---|---|---|---|---|
| [Kingsway Capital Partners Ltd](https://holderbook.com/funds/2145813-kingsway-capital-partners-ltd/) | $30.8M | 12,091,720 | 4.2% | 1 |
| [VY Capital Management Co. Ltd.](https://holderbook.com/funds/1628622-vy-capital-management-co-ltd/) | $15.6M | 6,125,821 | 0.0% | 1 |
| [ARISTEIA CAPITAL, L.L.C.](https://holderbook.com/funds/1080171-aristeia-capital-l-l-c/) | $12.5M | 4,895,110 | 0.2% | 4 |
| [VANGUARD CAPITAL MANAGEMENT LLC](https://holderbook.com/funds/2100119-vanguard-capital-management-llc/) | $5.6M | 2,185,301 | 0.0% | 2 |
| [Ribbit Management Company, LLC](https://holderbook.com/funds/1836733-ribbit-management-company-llc/) | $4.0M | 1,577,287 | 0.2% | 4 |
| [Long Corridor Asset Management Ltd](https://holderbook.com/funds/1845501-long-corridor-asset-management-ltd/) | $2.6M | 1,027,206 | 0.8% | 1 |
| [BlackRock, Inc.](https://holderbook.com/funds/2012383-blackrock-inc/) | $2.2M | 854,838 | 0.0% | 7 |
| [UBS Group AG](https://holderbook.com/funds/1610520-ubs-group-ag/) | $2.0M | 798,578 | 0.0% | 7 |
| [DRW Securities, LLC](https://holderbook.com/funds/1481986-drw-securities-llc/) | $2.0M | 788,644 | 0.0% | 4 |
| [Saba Capital Management, L.P.](https://holderbook.com/funds/1510281-saba-capital-management-l-p/) | $1.8M | 717,327 | 0.0% | 4 |
| [GEODE CAPITAL MANAGEMENT, LLC](https://holderbook.com/funds/1214717-geode-capital-management-llc/) | $1.4M | 538,426 | 0.0% | 5 |
| [STATE STREET CORP](https://holderbook.com/funds/93751-state-street-corp/) | $1.1M | 424,612 | 0.0% | 4 |
| [JANE STREET GROUP, LLC](https://holderbook.com/funds/1595888-jane-street-group-llc/) | $1.1M | 231,526 | 0.0% | 1 |
| [Arrington Capital Management, LLC](https://holderbook.com/funds/2087115-arrington-capital-management-llc/) | $965.3K | 378,549 | 0.6% | 3 |
| [VANGUARD FIDUCIARY TRUST CO](https://holderbook.com/funds/933478-vanguard-fiduciary-trust-co/) | $730.8K | 286,606 | 0.0% | 2 |
| [CHARLES SCHWAB INVESTMENT MANAGEMENT INC](https://holderbook.com/funds/884546-charles-schwab-investment-management-inc/) | $585.5K | 229,618 | 0.0% | 4 |
| [Sixth Street Partners Management Company, L.P.](https://holderbook.com/funds/1812095-sixth-street-partners-management-company-l-p/) | $585.5K | 229,618 | 0.0% | 1 |
| [GOLDMAN SACHS GROUP INC](https://holderbook.com/funds/886982-goldman-sachs-group-inc/) | $515.3K | 202,070 | 0.0% | 3 |
| [CITADEL ADVISORS LLC](https://holderbook.com/funds/1423053-citadel-advisors-llc/) | $468.2K | 0 | 0.0% | 4 |
| [SUSQUEHANNA INTERNATIONAL GROUP, LLP](https://holderbook.com/funds/1446194-susquehanna-international-group-llp/) | $464.4K | 47,124 | 0.0% | 4 |
| [Yorkville Advisors Global, LP](https://holderbook.com/funds/1838613-yorkville-advisors-global-lp/) | $408.0K | 160,000 | 0.5% | 4 |
| [Summit Trail Advisors, LLC](https://holderbook.com/funds/1698478-summit-trail-advisors-llc/) | $369.7K | 144,967 | 0.0% | 4 |
| [NORTHERN TRUST CORP](https://holderbook.com/funds/73124-northern-trust-corp/) | $261.8K | 102,668 | 0.0% | 4 |
| [IMC-Chicago, LLC](https://holderbook.com/funds/1452861-imc-chicago-llc/) | $246.5K | 27,679 | 0.0% | 1 |
| [SIMPLEX TRADING, LLC](https://holderbook.com/funds/1488542-simplex-trading-llc/) | $179.4K | 28,435 | 0.0% | 1 |

## Quarter by quarter

| Quarter | Holders | Reported value |
|---|---|---|
| Q2 2026 | 42 | $89.1M |
| Q1 2026 | 42 | $39.2M |
| Q4 2025 | 53 | $28.2M |
| Q3 2025 | 49 | $124.9M |
| Q2 2025 | 10 | $325.3K |
| Q1 2025 | 5 | $77.3K |
| Q4 2024 | 7 | $153.6K |