Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in TONX held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | ARISTEIA CAPITAL LLC | 4.9M | $12.1M | +0.9% | 0.841% | 0.27% |
| 2 | VANGUARD CAPITAL MANAGEMENT LLC | 2.3M | $5.7M | β | 0.393% | 0.00% |
| 3 | Ribbit Management Company, LLC | 1.6M | $3.9M | 0.0% | 0.271% | 0.23% |
| 4 | Saba Capital Management, L.P. | 791K | $2.0M | -4.4% | 0.136% | 0.07% |
| 5 | BlackRock, Inc. | 721K | $1.8M | -1.5% | 0.124% | 0.00% |
| 6 | UBS Group AG | 686K | $1.7M | +792.1% | 0.118% | 0.00% |
| 7 | Yorkville Advisors Global, LP | 600K | $1.5M | 0.0% | 0.103% | 1.01% |
| 8 | GEODE CAPITAL MANAGEMENT, LLC | 581K | $1.4M | +4.8% | 0.100% | 0.00% |
| 9 | Arrington Capital Management, LLC | 379K | $935K | 0.0% | 0.065% | 1.04% |
| 10 | VANGUARD FIDUCIARY TRUST CO | 299K | $738K | β | 0.051% | 0.00% |
| 11 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 299K | $738K | β | 0.051% | 0.00% |
| 12 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 271K | $669K | +18.2% | 0.046% | 0.00% |
| 13 | MILLENNIUM MANAGEMENT LLC | 217K | $536K | -4.2% | 0.037% | 0.00% |
| 14 | STATE STREET CORP | 213K | $527K | 0.0% | 0.037% | 0.00% |
| 15 | MARSHALL WACE, LLP | 183K | $451K | -41.4% | 0.031% | 0.00% |
| 16 | GOLDMAN SACHS GROUP INC | 182K | $449K | +72.3% | 0.031% | 0.00% |
| 17 | IEQ CAPITAL, LLC | 126K | $312K | -14.3% | 0.022% | 0.00% |
| 18 | NORTHERN TRUST CORP | 105K | $259K | +8.2% | 0.018% | 0.00% |
| 19 | Summit Trail Advisors, LLC | 67K | $165K | +85.5% | 0.011% | 0.00% |
| 20 | ParaFi Capital LP | 50K | $124K | β | 0.009% | 0.04% |
| 21 | Brevan Howard Capital Management LP | 39K | $97K | β | 0.007% | 0.00% |
| 22 | OMERS ADMINISTRATION Corp | 36K | $88K | -65.4% | 0.006% | 0.00% |
| 23 | TWO SIGMA INVESTMENTS, LP | 31K | $77K | -55.9% | 0.005% | 0.00% |
| 24 | Capital Investment Advisors, LLC | 21K | $52K | 0.0% | 0.004% | 0.00% |
| 25 | Vanguard Global Advisers, LLC | 21K | $52K | β | 0.004% | 0.00% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). β% of Fundβ shows how much of that investorβs total 13F portfolio is invested in TONX β a direct measure of their conviction.
Filings activity in TONX during Q1 2026, grouped by how each filer changed its position.
Institutions that opened a new TONX position in Q1 2026
Institutions that fully closed their TONX position in Q1 2026
6 quarters of 13F filings Β· Ξ columns show change vs prior quarter
| Quarter | Inst. Holders | Ξ Holders | Ownership % | Ξ Ownership | Total 13F Value | Ξ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 39 | 22% | 1.99% | +0.60 pp | $36M | +43% |
| Q4 2025 | 50 | +14% | 1.39% | 4.82 pp | $26M | 78% |
| Q3 2025 | 44 | +300% | 6.21% | +6.19 pp | $114M | +34900% |
| Q2 2025 | 11 | +83% | 0.02% | +0.02 pp | $0M | +321% |
| Q1 2025 | 6 | 25% | 0.00% | 0.01 pp | $0M | 50% |
| Q4 2024 | 8 | β | 0.01% | β | $0M | β |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Ξ columns compare to the immediately prior filed quarter.
Latest Form 4 transactions by company officers and directors. Insider buys are widely viewed as the highest-conviction signal because executives are risking personal capital.
| Date | Insider | Action | Shares | Price | Value |
|---|---|---|---|---|---|
| May 15, 2026 | Marbach Mary | Buy | 2K | $3.52 | $6K |
| May 14, 2026 | Sohn Evan | Buy | 3K | $3.58 | $10K |
| May 14, 2026 | Olsen Sarah Josephine | Buy | 7K | $3.62 | $27K |
Quick answers to the most common questions about buying TONX stock.
Based on Q1 2026 13F filings, institutional ownership of TON Strategy Co. stands at 2.0%, held across 39 reporting institutions.
ARISTEIA CAPITAL LLC is the largest reported institutional holder of TONX, with approximately 4,895,110 shares worth $0.01B as of Q1 2026.
Yes β 3 widely-followed marquee investors appear among the top 25 institutional holders of TONX, including SUSQUEHANNA INTERNATIONAL GROUP, LLP, MILLENNIUM MANAGEMENT LLC, TWO SIGMA INVESTMENTS, LP.
Our composite Smart Money Score for TONX is 58 out of 100 (Neutral). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
11 institutions opened new positions in TONX during Q1 2026, while 22 fully exited. 22 added to existing positions and 6 trimmed.
TONX institutional ownership rose by 0.60 percentage points quarter-over-quarter, with a net change of -11 holders.
The top 10 institutions account for 86.9% of all reported 13F value in TONX, and the top 25 account for 99.5%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
TON Strategy Co. (TONX) Institutional Ownership