Stock ownership · SEC 13F · Q4 2025

TON STRATEGY CO

A breakdown of TON STRATEGY CO's institutional base (CUSIP 92337U302): the holders, the concentration among them, and what changed last quarter.

$147K
Reported value
2
Institutions
100%
Top-5 share

The verdict

$147K of TON STRATEGY CO is reported by 2 institutions as of Q4 2025; ownership is held overwhelmingly by a small core of institutions.

2
institutions hold it
$147K
reported 13F value
100%
held by top 5

Based on long positions reported to the SEC as of Q4 2025; 13F omits shorts, options and non-US holdings.

How to read this page

This page summarizes how large institutional investment managers report holding this security in their quarterly SEC Form 13F-HR filings. A 13F filing is a mandatory disclosure that any manager with at least $100 million in qualifying US-listed equity assets must submit to the Securities and Exchange Commission within 45 days of the end of each calendar quarter. The figures here therefore describe long equity positions as of a specific reporting quarter, not live market quotes, and not a manager's complete book. 13F disclosures deliberately exclude short positions, cash, most derivatives, non-US listings, and small holdings, so the institutional ownership shown is a floor rather than a full picture. "Holders" counts the distinct managers reporting a position; "reported value" sums the market value those managers disclosed; and "top-5 concentration" measures how much of that reported value sits with the five largest holders. Use these numbers to understand institutional interest and how it shifts quarter over quarter, never as a recommendation to buy or sell. Every figure is rendered directly from the underlying filings and can be verified against the original documents on SEC EDGAR. This page is provided for informational purposes only and is not financial advice, consult a licensed financial advisor before making investment decisions.

Reported value

$147K

Institutional 13F value

Institutions

2

Reporting holders

Top-5 concentration

100%

Held by 5 largest

New buyers

2

Opened Q4 2025

Concentrated ownership

Top-5 holder concentration

0%100%100%
Top-5 holder concentration
Share of reported value held by the 5 largest institutions · Q4 2025

Top Institutional Holders

# Institution Shares Value Share of reported
1 Aristides Capital LLC 46,900 $93K 63.4%
2 Pantera Capital Partners LP 27,051 $54K 36.6%

Latest Quarter Activity · Q4 2025

What the data says about TON STRATEGY CO

A handful of institutions account for most of the reported institutional float here.

  • Track holder count and reported value quarter-over-quarter to read accumulation vs. distribution. Biggest movers
  • Compare against the most widely held stocks before reading any single position as a signal. Most-held stocks
  • Understand what 13F does and does not disclose. 13F limitations

Informational only, not investment advice. 13F is a 45-day-lagged snapshot of long US-equity positions; holdings may have changed.

Frequently Asked Questions

How many institutions hold TON STRATEGY CO?
TON STRATEGY CO is held by 2 institutional investors per the latest SEC Form 13F filings as of Q4 2025.
What is the total institutional value of TON STRATEGY CO?
Institutions report $147K of TON STRATEGY CO as of Q4 2025.
How concentrated is ownership of TON STRATEGY CO?
The top five institutional holders account for 100% of the reported institutional value in TON STRATEGY CO, making ownership held overwhelmingly by a small core of institutions.
Who is the largest institutional holder of TON STRATEGY CO?
Aristides Capital LLC is the largest reported holder of TON STRATEGY CO with $93K across 46,900 shares as of Q4 2025.
Where does this TON STRATEGY CO data come from?
Every figure is rendered live from SEC Form 13F-HR filings in the EDGAR system. 13F is a mandatory quarterly disclosure of long US-listed equity positions, filed within 45 days of each quarter-end.

Source: U.S. Securities and Exchange Commission (SEC) - EDGAR Form 13F-HR institutional holdings filings · Q4 2025 13F-HR discloses long US-listed equity positions of managers with $100M+ qualifying assets, filed within 45 days of period end. Short positions and most derivatives are not disclosed.