TON Strategy Co - Common Stock, par value $0.0001 (TONX) Institutional Ownership

13F Institutional Holders and Ownership History from Q4 2024 to Q4 2025

Type / Class
Equity / Common Stock, par value $0.0001
Symbol
TONX on Nasdaq
Shares outstanding
59,066,541
Price per share
$2.60
All holders as of 31 Dec 2025
Q4 2025
Total 13F shares
13,665,289
Total reported value
$27,196,675
% of total 13F portfolios
0%
Share change
-3,634,207
Value change
-$33,593,564
Number of holders
51
Price from insider filings
$2.60
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors

Significant Owners of TON Strategy Co - Common Stock, par value $0.0001 (TONX) based on Schedule 13D/G filings

Filer Ownership Change % Holdings Value Net Change Nb Shares Change % Reporting Name Report Period
Stotz Manuel 20% $122,741,761 12,021,720 Manuel Stotz 07 Aug 2025
ARISTEIA CAPITAL, L.L.C. 8.2% $14,548,089 4,849,363 Aristeia Capital, L.L.C. 31 Dec 2025
CUTAIA RORY J. 1.5% -93% $7,574,834 889,065 0% Rory J. Cutaia 07 Aug 2025
Geiskopf James P 1.3% -94% $6,829,768 801,616 0% Geiskopf James P 07 Aug 2025
CORSAIR CAPITAL MANAGEMENT, L.P. 1.1% $50,249 10,900 Corsair Capital Management, L.P. 31 Dec 2024

As of 31 Dec 2025, 51 institutional investors reported holding 13,665,289 shares of TON Strategy Co - Common Stock, par value $0.0001 (TONX). This represents 23% of the company’s total 59,066,541 outstanding shares.

Top 25 Institutional Shareholders

The largest institutional shareholders of TON Strategy Co - Common Stock, par value $0.0001 (TONX) together control 22% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.

Institution Ownership % Shares Held Share Change % Portfolio % Holdings Value
ARISTEIA CAPITAL, L.L.C. 8.2% 4,849,363 +100% 0.27% $9,650,232
Ribbit Management Company, LLC 2.7% 1,577,287 0% 0.16% $3,138,801
Saba Capital Management, L.P. 1.4% 827,995 +70% 0.06% $1,647,710
DRW Securities, LLC 1.4% 810,147 -16% 0.12% $1,612,192
VANGUARD GROUP INC 1.3% 770,753 0% 0% $1,533,799
BlackRock, Inc. 1.2% 732,082 +2.8% 0% $1,456,843
Yorkville Advisors Global, LP 1% 600,000 -33% 0.8% $1,194,000
GEODE CAPITAL MANAGEMENT, LLC 0.94% 553,774 +0.5% 0% $1,102,477
Arrington Capital Management, LLC 0.64% 378,549 0% 0.83% $753,313
MARSHALL WACE, LLP 0.53% 311,433 0% $619,751
CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.39% 229,037 -20% 0% $455,784
MILLENNIUM MANAGEMENT LLC 0.38% 226,672 +909% 0% $451,077
STATE STREET CORP 0.36% 213,456 -8.3% 0% $424,777
IEQ CAPITAL, LLC 0.25% 147,476 0% 0% $293,477
Cable Car Capital, LP 0.19% 110,000 0% 0.01% $218,900
RENAISSANCE TECHNOLOGIES LLC 0.19% 109,400 0% $217,706
GOLDMAN SACHS GROUP INC 0.18% 105,517 0% $209,979
OMERS ADMINISTRATION Corp 0.17% 102,800 0% $204,572
NORTHERN TRUST CORP 0.16% 96,763 +0.44% 0% $192,558
Verition Fund Management LLC 0.16% 93,396 -83% 0% $185,858
METEORA CAPITAL, LLC 0.15% 87,716 -52% 0.01% $174,555
UBS Group AG 0.13% 76,943 +724% 0% $153,117
ExodusPoint Capital Management, LP 0.12% 72,013 0% $143,306
TWO SIGMA INVESTMENTS, LP 0.12% 70,937 0% $141,165
JANE STREET GROUP, LLC 0.1% 59,644 +272% 0% $118,691

Institutional Holders of TON Strategy Co - Common Stock, par value $0.0001 (TONX) across Reporting Periods

Period Reported Shares, Excl. Options Value, Excl. Options Value Change Price (Median) Investors
2025 Q4 13,665,289 $27,196,675 -$33,593,564 $1.99 51
2025 Q3 17,181,428 $120,758,062 +$120,424,288 $7.04 45
2025 Q2 47,424 $325,328 +$211,685 $6.86 10
2025 Q1 16,562 $77,345 -$33,479 $4.67 5
2024 Q4 23,487 $153,606 +$117,387 $6.54 7