TON Strategy Co
TONX
47 hedge funds and large institutions have $121M invested in TON Strategy Co in 2025 Q3 according to their latest regulatory filings, with 39 funds opening new positions, 3 increasing their positions, 2 reducing their positions, and 2 closing their positions.
37,030% more capital invested
Capital invested by funds: $325K → $121M (+$120M)
1,850% more first-time investments, than exits
New positions opened: 39 | Existing positions closed: 2
370% more funds holding
Funds holding: 10 → 47 (+37)
50% more repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 2
23.87% more ownership
Funds ownership: 4.27% → 28.14% (+24%)
56% less call options, than puts
Call options by funds: $1.25M | Put options by funds: $2.88M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AC
Aristeia Capital
Greenwich,
Connecticut
|
+$28.3M |
| 2 |
TCIM
TOMS Capital Investment Management
New York
|
+$27.1M |
| 3 |
RMC
Ribbit Management Company
Palo Alto,
California
|
+$18.4M |
| 4 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
+$11.6M |
| 5 |
DS
DRW Securities
Chicago,
Illinois
|
+$11.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$224K |
| 2 |
SS
SBI Securities
Tokyo,
Japan
|
-$52.5K |
| 3 |
TRCT
Tower Research Capital (TRC)
New York
|
-$2.96K |
| 4 |
Raymond James Financial
St Petersburg,
Florida
|
-$1.69K |
TONX Hedge Fund Activity: Q3 2025 in Review
47 of the 7,646 institutional investors tracked by Wall St. Rank reported a position in TON Strategy Co (TONX) for Q3 2025, worth a combined $121M — up 37,030% from $325K a quarter earlier.
Buyers outnumbered sellers: 39 funds opened new TONX positions and 2 closed out — a net gain of 37 holders — while 3 added to existing stakes and 2 trimmed.
The largest buyer was Aristeia Capital, opening a new position worth an estimated $28.3M. The largest seller was UBS Group, cutting an estimated $224K.
- 47 institutional investors held TON Strategy Co (TONX) as of Q3 2025, up from 10 in Q2 2025.
- Funds reported $121M of TON Strategy Co stock for Q3 2025, up 37,030% quarter-over-quarter.
- 39 funds opened new TON Strategy Co positions in Q3 2025 and 2 closed out, a net change of +37 holders.
- The largest TON Strategy Co buyer in Q3 2025 was Aristeia Capital, an estimated $28.3M added.
- The largest TON Strategy Co seller in Q3 2025 was UBS Group, an estimated $224K sold.
Based on aggregated 13F filings for Q3 2025.