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

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

Type / Class
Equity / Common Stock, par value $0.0001 per share
Symbol
TONX on Nasdaq
Shares outstanding
60,319,719
Price per share
$2.00
All holders as of 30 Sep 2025
Q3 2025
Total 13F shares
17,181,428
Total reported value
$120,758,062
% of total 13F portfolios
0%
Share change
+17,134,004
Value change
+$120,424,288
Number of holders
45
Price from insider filings
$2.00
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors

Significant Owners of TON Strategy Co - Common Stock, par value $0.0001 per share (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
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 30 Sep 2025, 45 institutional investors reported holding 17,181,428 shares of TON Strategy Co - Common Stock, par value $0.0001 per share (TONX). This represents 28% of the company’s total 60,319,719 outstanding shares.

Top 25 Institutional Shareholders

The largest institutional shareholders of TON Strategy Co - Common Stock, par value $0.0001 per share (TONX) together control 28% 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. 4% 2,423,476 0.52% $17,061,271
TOMS Capital Investment Management LP 3.8% 2,318,522 1.4% $16,322,395
Ribbit Management Company, LLC 2.6% 1,577,287 0.53% $11,104,101
Polar Asset Management Partners Inc. 1.6% 992,269 0.14% $6,985,574
DRW Securities, LLC 1.6% 966,343 0.34% $6,603,021
Yorkville Advisors Global, LP 1.5% 900,000 2.5% $6,336,000
Pantera Capital Partners LP 1.4% 867,508 0.78% $6,107,256
VANGUARD GROUP INC 1.3% 770,753 0% $5,426,102
BlackRock, Inc. 1.2% 711,962 +36225% 0% $5,012,212
One Fin Capital Management LP 1.2% 700,000 1.7% $4,928,000
Alyeska Investment Group, L.P. 1.1% 679,597 0.01% $4,784,363
Luxor Capital Group, LP 0.96% 577,095 0.56% $4,062,749
GEODE CAPITAL MANAGEMENT, LLC 0.91% 551,031 +5191% 0% $3,881,000
Verition Fund Management LLC 0.89% 538,857 0.02% $3,793,553
Saba Capital Management, L.P. 0.81% 488,263 0.11% $3,437,372
CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.47% 286,437 0% $2,016,516
MASO CAPITAL PARTNERS Ltd 0.44% 262,881 3% $1,850,682
STATE STREET CORP 0.39% 232,880 0% $1,639,475
Empyrean Capital Partners, LP 0.32% 192,621 0.05% $1,356,052
METEORA CAPITAL, LLC 0.3% 183,416 0.14% $1,291,249
Tekne Capital Management, LLC 0.26% 157,810 0.31% $1,110,982
IEQ CAPITAL, LLC 0.24% 147,476 0% $1,038,231
Cable Car Capital, LP 0.18% 110,000 0.33% $774,400
NORTHERN TRUST CORP 0.16% 96,337 0% $678,212
BOOTHBAY FUND MANAGEMENT, LLC 0.15% 91,745 0.02% $645,885

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

Period Reported Shares, Excl. Options Value, Excl. Options Value Change Price (Median) Investors
2025 Q4 21,032 $41,854 +$4 $2.00 2
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