Ton StrategyTONX
13F holders, Q4 2025 (December 31)At the end of Q4 2025, 51 institutions reported holding Ton Strategy Co. (TONX) in their 13F filings, up 4 from Q3 2025. 15 opened new positions and 12 sold out. The largest holders were Aristeia Capital, L.L.C. ($9.7M), Ribbit Management Company, LLC ($3.1M) and Saba Capital Management, L.P. ($1.6M). 2 famous investors held it, including Israel Englander (0.0% of Millennium Management's portfolio) and Jim Simons / Peter Brown (0.0% of Renaissance Technologies's portfolio).
- Company
- Ton Strategy Co.
- CUSIP
- 92337U302
- Latest filing quarter
- Q2 2026
History
Number of 13F holders
Total Exit/New Position Q3 2025 → Q4 2025
| Institutions | Total Value | |
|---|---|---|
| New Positions | 15 | $1.9M |
| Exits | 12 | $36.8M |
All 13F filers, Q3 2025 → Q4 2025: 4,107,426 shares bought and 7,745,648 shares sold, net −3,638,222 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 51 holders
| Aristeia Capital, L.L.C. | 0.49% | Add +100.1% | 4,849,363 | $9.7M |
| Ribbit Management Company, LLC | 0.16% | No change | 1,577,287 | $3.1M |
| Saba Capital Management, L.P. | 0.06% | Add +69.6% | 827,995 | $1.6M |
| DRW Securities, LLC | 0.12% | Reduce -16.2% | 810,147 | $1.6M |
| Vanguard Group Inc. | 0.00% | No change | 770,753 | $1.5M |
| BlackRock, Inc. | 0.00% | Add +2.8% | 732,082 | $1.5M |
| Yorkville Advisors Global, LP | 0.80% | Reduce -33.3% | 600,000 | $1.2M |
| Geode Capital Management, LLC | 0.00% | Add +0.5% | 553,774 | $1.1M |
| Arrington Capital Management, LLC | 0.83% | — | 378,549 | $753K |
| Marshall Wace, LLP | 0.00% | New | 311,433 | $620K |
| Charles Schwab Investment Management Inc. | 0.00% | Reduce -20.0% | 229,037 | $456K |
| Millennium Management | 0.00% | Add +909.1% | 226,672 | $451K |
| State Street Corp. | 0.00% | Reduce -8.3% | 213,456 | $425K |
| Ieq Capital, LLC | 0.00% | No change | 147,476 | $293K |
| Cable Car Capital, LP | 0.01% | No change | 110,000 | $219K |
| Renaissance Technologies | 0.00% | New | 109,400 | $218K |
| Goldman Sachs Group Inc. | 0.00% | New | 105,517 | $210K |
| OMERS ADMINISTRATION Corp | 0.00% | New | 102,800 | $205K |
| Northern Trust Corp. | 0.00% | Add +0.4% | 96,763 | $193K |
| Verition Fund Management LLC | 0.00% | Reduce -82.7% | 93,396 | $186K |
| Meteora Capital, LLC | 0.01% | Reduce -52.2% | 87,716 | $175K |
| UBS Group AG | 0.00% | Add +724.1% | 76,943 | $153K |
| ExodusPoint Capital Management, LP | 0.00% | New | 72,013 | $143K |
| Two Sigma Investments, LP | 0.00% | New | 70,937 | $141K |
| Jane Street Group, LLC | 0.00% | Add +272.4% | 59,644 | $119K |
| Schonfeld Strategic Advisors LLC | 0.00% | New | 51,506 | $102K |
| Aristides Capital LLC | 0.03% | New | 46,900 | $93K |
| Luxor Capital Group, LP | 0.01% | Reduce -92.1% | 45,510 | $91K |
| Boothbay Fund Management, LLC | 0.00% | Reduce -52.4% | 43,682 | $87K |
| Summit Trail Advisors, LLC | 0.00% | Reduce -36.3% | 36,090 | $72K |
| Gsa Capital Partners LLP | 0.00% | New | 28,238 | $56K |
| Quadrature Capital Ltd | 0.00% | New | 27,849 | $55K |
| Pantera Capital Partners LP | 0.03% | Reduce -96.9% | 27,051 | $54K |
| Jump Financial, LLC | 0.00% | New | 22,711 | $45K |
| Group One Trading LLC | 0.00% | Add +156.7% | 21,551 | $43K |
| Capital Investment Advisors, LLC | 0.00% | No change | 21,030 | $42K |
| GTS Securities LLC | 0.00% | New | 20,006 | $40K |
| Marex Group Ltd | 0.00% | Add +100.0% | 20,000 | $40K |
| Jefferies Financial Group Inc. | 0.00% | Reduce -5.0% | 12,255 | $24K |
| Simplex Trading, LLC | 0.00% | Add +56.9% | 7,768 | $15K |
| Brooklands Fund Management Ltd | 0.01% | — | 4,000 | $10K |
| Tower Research Capital LLC (TRC) | 0.00% | New | 4,796 | $10K |
| Morgan Stanley | 0.00% | Add +123.9% | 4,098 | $8K |
| Bank of America Corp. | 0.00% | Reduce -77.3% | 2,735 | $5K |
| Osaic Holdings, Inc. | 0.00% | No change | 2,400 | $5K |
| SBI Securities Co., Ltd. | 0.00% | Reduce -16.4% | 1,128 | $2K |
| International Assets Investment Management, LLC | 0.00% | New | 725 | $1K |
| Bogart Wealth, LLC | 0.00% | No change | 100 | $199 |
| Global Retirement Partners, LLC | 0.00% | No change | 4 | $8 |
| Flagship Harbor Advisors, LLC | 0.00% | New | 2 | $4 |
| Allworth Financial LP | 0.00% | No change | 1 | $2 |
"% of holder's portfolio" is TONX's weight in each manager's 13F, not the share of Ton Strategy Co. the manager owns.