Skip to content
DaveManuel.com · Institutional Ownership · Who Owns It

TON Strategy Co (TONX)

Institutional ownership reported to the SEC as of Q2 2026, across 8 quarters.

41
Reporting holders
$87.7M
Reported value
61.5%
Of shares outstanding
0.2%
Calls
1.4%
Puts
-1
Holder change

Institutions report 33,854,701 shares against 55,071,989 outstanding. Shares only - option lines are excluded, which is why this can be compared with the company at all. The count comes from the cover page of the company's own most recent report, so it is dated when that was filed rather than at quarter end.

Calls and puts are the parts of reported value carried in derivative lines rather than shares, and they point in opposite directions: a manager holding calls is positioned for the security, one holding puts against it - or hedging shares they already own, which is why index funds carry so many. Most sites add the two together and report one figure, which averages away the only interesting part.

Holders

Download these holders as CSV

FilerValueShares Their book Held Change
Kingsway Capital Partners Ltd$30.8M12,091,7204.19%newFIRST
VY Capital Management Co. Ltd.$15.6M6,125,8210.03%newNEW
ARISTEIA CAPITAL, L.L.C.$12.5M4,895,1100.16%4qHELD
VANGUARD CAPITAL MANAGEMENT LLC$5.6M2,185,3010.00%2q-4.5%-$261.9K
Ribbit Management Company, LLC$4.0M1,577,2870.20%4qHELD
Long Corridor Asset Management Ltd$2.6M1,027,2060.79%newNEW
BlackRock, Inc.$2.2M854,8380.00%7q+18.6%+$341.6K
UBS Group AG$2.0M798,5780.00%7q+16.3%+$285.9K
DRW Securities, LLC$2.0M788,6440.05%4qHELD
Saba Capital Management, L.P.$1.8M717,3270.05%4q-9.3%-$188.5K
GEODE CAPITAL MANAGEMENT, LLC$1.4M538,4260.00%5q-7.3%-$107.4K
JANE STREET GROUP, LLC$1.1M
incl. $474.8K options CALL+PUT
231,5260.00%newNEW
Arrington Capital Management, LLC$965.3K378,5490.59%3qHELD
VANGUARD FIDUCIARY TRUST CO$730.8K286,6060.00%2q-4.1%-$31.1K
CHARLES SCHWAB INVESTMENT MANAGEMENT INC$585.5K229,6180.00%4q-15.2%-$105.0K
STATE STREET CORP$541.4K212,3060.00%4q-0.5%-$2.9K
GOLDMAN SACHS GROUP INC$515.3K202,0700.00%3q+11.2%+$51.8K
SUSQUEHANNA INTERNATIONAL GROUP, LLP$464.4K
incl. $344.2K options PUT
47,1240.00%4q-76.5%-$1.5M
Yorkville Advisors Global, LP$408.0K160,0000.47%4q-73.3%-$1.1M
Summit Trail Advisors, LLC$369.7K144,9670.00%4q+116.5%+$198.9K
NORTHERN TRUST CORP$261.8K102,6680.00%4q-1.9%-$5.1K
IMC-Chicago, LLC$246.5K
incl. $175.9K options PUT
27,6790.00%newNEW
CITADEL ADVISORS LLC$234.1K CALL+PUToptions only0.00%4qOPTIONS
SIMPLEX TRADING, LLC$179.4K
incl. $106.8K options CALL+PUT
28,4350.00%newNEW
GROUP ONE TRADING LLC$137.8K
incl. $58.9K options PUT
30,9360.00%newNEW
TWO SIGMA INVESTMENTS, LP$83.4K32,6890.00%3q+4.4%+$3.5K
XTX Topco Ltd$75.6K29,6350.00%newNEW
ExodusPoint Capital Management, LP$74.5K29,2330.00%newNEW
Vanguard Global Advisers, LLC$53.5K20,9900.00%2qHELD
AMERICAN CENTURY COMPANIES INC$49.4K19,3810.00%newNEW
Scientech Research LLC$36.5K14,2960.03%newNEW
Squarepoint Ops LLC$33.0K12,9500.00%2q+2.0%
GTS SECURITIES LLC$25.5K10,0000.00%3qHELD
SBI Securities Co., Ltd.$3.4K1,3520.00%7qHELD
INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC$2.1K7250.00%3qHELD
BARCLAYS PLC$9663790.00%2q-39.6%
Rialto Wealth Management, LLC$4881910.00%newNEW
NATIONAL BANK OF CANADA /FI/$3371320.00%newNEW
Caitong International Asset Management Co., Ltd$1040.00%newNEW
Allworth Financial LP$310.00%5qHELD
Global Retirement Partners, LLC$310.00%5q-75.0%

Five percent filings

Anyone crossing 5% of a company must say so within days - far sooner than the next quarterly holdings report. A 13D declares an intent to influence the company; a 13G is the passive version. See all activist filings →

FiledFormFiler % of class
2026-10-2713D/AManuel Stotz INDIVIDUALwith 8 co-filers22.0%

What the company announced

Form 8-K filings from the last 120 days, showing only the items worth a reader's attention. Earnings releases, exhibit attachments and general disclosures are filed constantly and are left out. Filed is when the SEC received it; event is the date the company says the thing happened.

FiledEvent dateWhatSource
2026-08-172026-08-17Directors or officers departed or appointedfiling
2026-08-102026-08-10Material agreement terminatedfiling

What the insiders did

Open market purchases and sales reported on Form 4 in the last 180 days. Grants, option exercises and shares surrendered to cover tax are left out: they are compensation rather than a decision to buy or sell. Where a broker filled one order in tranches the lines are summed, because it was one decision.

Officers and directors

DateInsiderRoleSideSharesValue
2026-08-14Olsen Sarah JosephineCFO & COOSold217,450$598.7K

Quarter by quarter

Coverage begins with the quarter ending 2018-12-31. Earlier filings exist only as occasional late amendments, too sparse to describe a market, so they are not shown.

QuarterHoldersValue SharesNewAdded TrimmedOptions
Q3 20262$4.4K1,1520110.0%
Q2 202641$87.7M33,854,701147111.6%
Q1 202642$39.2M15,453,23478122.7%
Q4 202553$28.2M13,665,2891510143.7%
Q3 202549$124.9M17,183,82845323.3%
Q2 202510$325.3K47,4244300.0%
Q1 20255$77.3K16,5620110.0%
Q4 20247$153.6K23,4876000.0%