TON Strategy Co (Nasdaq: TONX), an SEC filer in Finance Services, closed at $3.42, +14.8%, on 2026-08-27, with a market cap of $188M, a return on equity of -70.3%, a net margin of -1161.9% and 3-year sales growth of 1069.0%. Institutional ownership, earnings history and filed financials are on the tabs below.
| # | Holder | Shares | Value | % of shares out | Δ QoQ |
|---|---|---|---|---|---|
| 1 | ARISTEIA CAPITAL, L.L.C. | 4,895,1104.9M | $12M | 8.66% | — |
| 2 | VANGUARD CAPITAL MANAGEMENT LLC | 2,287,9882.3M | $6M | 4.05% | NEW† |
| 3 | Ribbit Management Company, LLC | 1,577,2871.6M | $4M | 2.79% | — |
| 4 | Saba Capital Management, L.P. | 791,268791,268 | $2M | 1.40% | TRIM -4% |
| 5 | DRW Securities, LLC | 788,644788,644 | $2M | 1.40% | TRIM -3% |
| 6 | BlackRock, Inc. | 720,883720,883 | $2M | 1.28% | — |
| 7 | UBS Group AG | 686,441686,441 | $2M | 1.21% | ADD 792% |
| 8 | Yorkville Advisors Global, LP | 600,000600,000 | $1M | 1.06% | — |
| 9 | GEODE CAPITAL MANAGEMENT, LLC | 580,526580,526 | $1M | 1.03% | ADD 5% |
| 10 | Arrington Capital Management, LLC | 378,549378,549 | $935,016 | 0.67% | — |
† NEW this big is usually a rename.
Ranked by each filer’s own reported value, not shares.
| Biggest buyers | Δ shares | Δ value | |
|---|---|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC | +2,287,988 | $6M | OPEN |
| UBS Group AG | +609,498 | $2M | ADD |
| VANGUARD FIDUCIARY TRUST CO | +298,819 | $738,083 | OPEN |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | +200,695 | $495,717 | OPEN |
| GOLDMAN SACHS GROUP INC | +76,251 | $188,340 | ADD |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| VANGUARD GROUP INC | −770,753 | $2M | CLOSE |
| MARSHALL WACE, LLP | −128,882 | $318,339 | TRIM |
| Cable Car Capital, LP | −110,000 | $271,700 | CLOSE |
| RENAISSANCE TECHNOLOGIES LLC | −109,400 | $270,218 | CLOSE |
| Verition Fund Management LLC | −93,396 | $230,688 | CLOSE |
Prior quarter split-rebased · 13Fs are long, US-listed only.
| Holder | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| ARISTEIA CAPITAL, L.L.C. | — | — | — | 2.4M | 4.8M | 4.9M | $12M |
| VANGUARD CAPITAL MANAGEMENT LLC | — | — | — | — | — | 2.3M | $6M |
| Ribbit Management Company, LLC | — | — | — | 1.6M | 1.6M | 1.6M | $4M |
| Saba Capital Management, L.P. | — | — | — | 488K | 828K | 791K | $2M |
| DRW Securities, LLC | — | — | — | 966K | 810K | 789K | $2M |
| BlackRock, Inc. | 2K | 2K | 2K | 712K | 732K | 721K | $2M |
| UBS Group AG | 15K | 9K | 29K | 9K | 77K | 686K | $2M |
| Yorkville Advisors Global, LP | — | — | — | 900K | 600K | 600K | $1M |
| GEODE CAPITAL MANAGEMENT, LLC | — | — | 10K | 551K | 554K | 581K | $1M |
| Arrington Capital Management, LLC | — | — | — | — | 379K | 379K | $935,016 |
Green = added, red = trimmed, grey = held; a dash is a quarter with no 13F on file — a gap, not an exit.
Breaks = no 13F that quarter.
Short interest has its own tab now — open SI →
SEC Form 13F · ~10,250 filers, 10y · long-only, US-listed, filed ≤45d after quarter-end.
