TON Strategy Co
TONX
40 hedge funds and large institutions have $38.2M invested in TON Strategy Co in 2026 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 8 increasing their positions, 12 reducing their positions, and 20 closing their positions.
101% more call options, than puts
Call options by funds: $711K | Put options by funds: $353K
40% more capital invested
Capital invested by funds: $27.2M → $38.2M (+$11M)
3.03% more ownership
Funds ownership: 23.13% → 26.15% (+3%)
22% less funds holding
Funds holding: 51 → 40 (-11)
33% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 12
45% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 20
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$1.53M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$504K |
| 3 |
Goldman Sachs
New York
|
+$192K |
| 4 |
PC
ParaFi Capital
New York
|
+$127K |
| 5 |
AC
Aristeia Capital
Greenwich,
Connecticut
|
+$115K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Marshall Wace
London,
United Kingdom
|
-$324K |
| 2 |
CCC
Cable Car Capital
San Francisco,
California
|
-$219K |
| 3 |
Renaissance Technologies
New York
|
-$218K |
| 4 |
Verition Fund Management
Greenwich,
Connecticut
|
-$186K |
| 5 |
MC
Meteora Capital
Boca Raton,
Florida
|
-$175K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
QC
51
Quadrature Capital
London,
United Kingdom
| – | -$55.4K | -27,849 | Closed |
|
|
PCP
52
Pantera Capital Partners
San Francisco,
California
| – | -$53.8K | -27,051 | Closed |
|
|
JF
53
Jump Financial
Chicago,
Illinois
| – | -$45.2K | -22,711 | Closed |
|
54
Group One Trading
Chicago,
Illinois
| – | -$54.2K | -21,551 | Closed |
|
|
MG
55
Marex Group
London,
| – | -$39.8K | -20,000 | Closed |
|
|
JFG
56
Jefferies Financial Group
New York
| – | -$24.4K | -12,255 | Closed |
|
|
TRCT
57
Tower Research Capital (TRC)
New York
| – | -$9.54K | -4,796 | Closed |
|
|
BFM
58
Brooklands Fund Management
London,
United Kingdom
| – | -$10.4K | -4,000 | Closed |
|
59
Bank of America
Charlotte,
North Carolina
| – | -$5.44K | -2,735 | Closed |
|
|
FHA
60
Flagship Harbor Advisors
Boston,
Massachusetts
| – | -$4 | -2 | Closed |
|
TONX Hedge Fund Activity: Q1 2026 in Review
40 of the 8,128 institutional investors tracked by Wall St. Rank reported a position in TON Strategy Co (TONX) for Q1 2026, worth a combined $38.2M — up 40% from $27.2M a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of TONX and 11 opened new positions — a net loss of 9 holders — while 12 trimmed existing stakes and 8 added.
The largest buyer was UBS Group, adding an estimated $1.53M. The largest seller was Marshall Wace, cutting an estimated $324K.
- 40 institutional investors held TON Strategy Co (TONX) as of Q1 2026, down from 51 in Q4 2025.
- Funds reported $38.2M of TON Strategy Co stock for Q1 2026, up 40% quarter-over-quarter.
- 11 funds opened new TON Strategy Co positions in Q1 2026 and 20 closed out, a net change of -9 holders.
- The largest TON Strategy Co buyer in Q1 2026 was UBS Group, an estimated $1.53M added.
- The largest TON Strategy Co seller in Q1 2026 was Marshall Wace, an estimated $324K sold.
Based on aggregated 13F filings for Q1 2026.