TON Strategy Co (TONX) — Institutional Holders, Q2 2026
40 institutional investment managers reported a TONX position on SEC Form 13F-HR for the quarter ended June 30, 2026, with a combined reported value of $86.3M. Every filer is listed below, ranked by position value. Put and call option positions are excluded, and a firm filing several lots or share classes is shown once with its total.
TONX in Q2 2026: what funds did
Funds that filed a 13F for both Q1 2026 and Q2 2026, by what they did with the common stock. Share counts are adjusted for any split between the two quarters; dollar figures are the change in shares at this quarter’s price.
Biggest buyers
- Long Corridor Asset Management LtdNew · +1,027,206 sh+$2.6M
- JANE STREET GROUPNew · +231,526 sh+$590.4K
- BlackRockAdded · +133,955 sh+$341.6K
- UBS Group AGAdded · +112,137 sh+$285.9K
- Summit Trail AdvisorsAdded · +78,002 sh+$198.9K
Biggest sellers
- Yorkville Advisors GlobalTrimmed · -440,000 sh-$1.1M
- MILLENNIUM MANAGEMENTSold out · -217,125 sh-$553.7K
- MARSHALL WACE, LLPSold out · -182,551 sh-$465.5K
- SUSQUEHANNA INTERNATIONAL GROUP, LLPTrimmed · -153,571 sh-$391.6K
- IEQ CAPITALSold out · -126,446 sh-$322.4K
TONX 13F holders ranked 1–40 of 40
| # | Institution | Shares | Value | % of portfolio | QoQShares vs Q1 2026 |
|---|---|---|---|---|---|
| 1 | Kingsway Capital Partners Ltd#1 · 12,091,720 sh | 12,091,720 | $30.8M | 4.19% | — |
| 2 | VY Capital Management Ltd.#2 · 6,125,821 sh | 6,125,821 | $15.6M | 0.03% | — |
| 3 | ARISTEIA CAPITAL, L.L.C.#3 · 4,895,110 sh | 4,895,110 | $12.5M | 0.16% | 0.0% |
| 4 | VANGUARD CAPITAL MANAGEMENT#4 · 2,185,301 sh | 2,185,301 | $5.6M | <0.01% | -4.5% |
| 5 | Ribbit Management Company#5 · 1,577,287 sh | 1,577,287 | $4.0M | 0.20% | 0.0% |
| 6 | Long Corridor Asset Management Ltd#6 · 1,027,206 sh | 1,027,206 | $2.6M | 0.79% | New |
| 7 | BlackRock#7 · 854,838 sh | 854,838 | $2.2M | 0.00% | +18.6% |
| 8 | UBS Group AG#8 · 798,578 sh | 798,578 | $2.0M | <0.01% | +16.3% |
| 9 | DRW Securities#9 · 788,644 sh | 788,644 | $2.0M | 0.05% | 0.0% |
| 10 | Saba Capital Management, L.P.#10 · 717,327 sh | 717,327 | $1.8M | 0.05% | -9.3% |
| 11 | GEODE CAPITAL MANAGEMENT#11 · 538,426 sh | 538,426 | $1.4M | <0.01% | -7.3% |
| 12 | Arrington Capital Management#12 · 378,549 sh | 378,549 | $965.3K | 0.59% | 0.0% |
| 13 | VANGUARD FIDUCIARY#13 · 286,606 sh | 286,606 | $730.8K | <0.01% | -4.1% |
| 14 | JANE STREET GROUP#14 · 231,526 sh | 231,526 | $590.4K | 0.00% | New |
| 15 | CHARLES SCHWAB INVESTMENT MANAGEMENT#15 · 229,618 sh | 229,618 | $585.5K | <0.01% | -15.2% |
| 16 | STATE STREET#16 · 212,306 sh | 212,306 | $541.4K | 0.00% | -0.5% |
| 17 | GOLDMAN SACHS GROUP#17 · 202,070 sh | 202,070 | $515.3K | 0.00% | +11.2% |
| 18 | Yorkville Advisors Global#18 · 160,000 sh | 160,000 | $408.0K | 0.47% | -73.3% |
| 19 | Summit Trail Advisors#19 · 144,967 sh | 144,967 | $369.7K | <0.01% | +116.5% |
| 20 | NORTHERN#20 · 102,668 sh | 102,668 | $261.8K | 0.00% | -1.9% |
| 21 | SUSQUEHANNA INTERNATIONAL GROUP, LLP#21 · 47,124 sh | 47,124 | $120.2K | 0.00% | -76.5% |
| 22 | TWO SIGMA INVESTMENTS#22 · 32,689 sh | 32,689 | $83.4K | <0.01% | +4.4% |
| 23 | GROUP ONE TRADING, L.P.#23 · 30,936 sh | 30,936 | $78.9K | <0.01% | New |
| 24 | XTX Topco Ltd#24 · 29,635 sh | 29,635 | $75.6K | <0.01% | New |
| 25 | ExodusPoint Capital Management#25 · 29,233 sh | 29,233 | $74.5K | <0.01% | New |
| 26 | SIMPLEX TRADING#26 · 28,435 sh | 28,435 | $72.5K | 0.00% | +572.4% |
| 27 | IMC-Chicago#27 · 27,679 sh | 27,679 | $70.6K | 0.00% | New |
| 28 | Vanguard Global Advisers#28 · 20,990 sh | 20,990 | $53.5K | 0.00% | 0.0% |
| 29 | AMERICAN CENTURY COMPANIES#29 · 19,381 sh | 19,381 | $49.4K | 0.00% | New |
| 30 | Scientech Research#30 · 14,296 sh | 14,296 | $36.5K | 0.03% | New |
| 31 | Squarepoint Ops#31 · 12,950 sh | 12,950 | $33.0K | 0.00% | +2.0% |
| 32 | GTS SECURITIES#32 · 10,000 sh | 10,000 | $25.5K | <0.01% | -0.2% |
| 33 | SBI Securities , Ltd.#33 · 1,352 sh | 1,352 | $3.4K | — | 0.0% |
| 34 | INTERNATIONAL ASSETS INVESTMENT MANAGEMENT#34 · 725 sh | 725 | $2.1K | <0.01% | 0.0% |
| 35 | BARCLAYS PLC#35 · 379 sh | 379 | $966.00 | 0.00% | -39.6% |
| 36 | Rialto Wealth Management#36 · 191 sh | 191 | $488.00 | <0.01% | New |
| 37 | NATIONAL BANK OF CANADA#37 · 132 sh | 132 | $337.00 | 0.00% | New |
| 38 | Caitong International Asset Management , Ltd#38 · 4 sh | 4 | $10.00 | 0.00% | New |
| 39 | Allworth Financial#39 · 1 sh | 1 | $3.00 | 0.00% | 0.0% |
| 40 | Global Retirement Partners#40 · 1 sh | 1 | $3.00 | 0.00% | — |
Funds that sold out of TONX in Q2 2026 (14)
Held TONX at the end of Q1 2026 and filed a Q2 2026 13F without it. Not in the list above, because they no longer hold it. Largest prior position first.
| Institution | Shares sold | Value in Q1 2026 |
|---|---|---|
| MILLENNIUM MANAGEMENT217,125 sh | 217,125 | $536.3K |
| MARSHALL WACE, LLP182,551 sh | 182,551 | $450.9K |
| IEQ CAPITAL126,446 sh | 126,446 | $312.3K |
| ParaFi Capital50,380 sh | 50,380 | $124.4K |
| Brevan Howard Capital Management39,228 sh | 39,228 | $96.9K |
| OMERS ADMINISTRATION35,600 sh | 35,600 | $87.9K |
| Capital Investment Advisors21,030 sh | 21,030 | $51.9K |
| Schonfeld Strategic Advisors19,399 sh | 19,399 | $47.9K |
| Catalyst Funds Management Pty Ltd18,300 sh | 18,300 | $45.2K |
| Virtu Financial11,083 sh | 11,083 | $27.0K |
| MORGAN STANLEY3,612 sh | 3,612 | $8.9K |
| OSAIC2,400 sh | 2,400 | $5.9K |
| CITIGROUP179 sh | 179 | $442.00 |
| Bogart Wealth100 sh | 100 | $247.00 |
Source: Form 13F-HR filings on SEC EDGAR, Q2 2026. Values are as reported by each manager at quarter end. “% of portfolio” is the position’s share of the manager’s total reported 13F value for the same quarter. “New” means the manager filed a 13F for Q1 2026 without this position; a dash means no comparison is available. Where a manager’s own filing is internally inconsistent its value is withheld and it is listed last. 13F data shows reported holdings, not recommendations.