TON STRATEGY CO

Ticker: TONX CUSIP: 92337U302 Class: COM

Note: Option positions (PUT/CALL) are excluded.

InstitutionSharesValue ($000)
ARISTEIA CAPITAL, L.L.C.4,849,363$9,650
Ribbit Management Company, LLC1,577,287$3,139
Saba Capital Management, L.P.827,995$1,648
DRW Securities, LLC810,147$1,612
VANGUARD GROUP INC770,753$1,534
BlackRock, Inc.732,082$1,457
Yorkville Advisors Global, LP600,000$1,194
GEODE CAPITAL MANAGEMENT, LLC553,774$1,102
Arrington Capital Management, LLC378,549$753
MARSHALL WACE, LLP311,433$620
CHARLES SCHWAB INVESTMENT MANAGEMENT INC229,037$456
MILLENNIUM MANAGEMENT LLC226,672$451
STATE STREET CORP213,456$425
IEQ CAPITAL, LLC147,476$293
Cable Car Capital, LP110,000$219
RENAISSANCE TECHNOLOGIES LLC109,400$218
GOLDMAN SACHS GROUP INC105,517$210
OMERS ADMINISTRATION Corp102,800$205
NORTHERN TRUST CORP96,763$193
Verition Fund Management LLC93,396$186
METEORA CAPITAL, LLC87,716$175
UBS Group AG76,943$153
ExodusPoint Capital Management, LP72,013$143
TWO SIGMA INVESTMENTS, LP70,937$141
JANE STREET GROUP, LLC59,644$119
Schonfeld Strategic Advisors LLC51,506$102
Aristides Capital LLC46,900$93
Luxor Capital Group, LP45,510$91
BOOTHBAY FUND MANAGEMENT, LLC43,682$87
Summit Trail Advisors, LLC36,090$72
GSA CAPITAL PARTNERS LLP28,238$0
Quadrature Capital Ltd27,849$55
Pantera Capital Partners LP27,051$54
Jump Financial, LLC22,711$45
GROUP ONE TRADING, L.P.21,551$43
Capital Investment Advisors, LLC21,030$42
GTS SECURITIES LLC20,006$40
Marex Group plc20,000$40
Jefferies Financial Group Inc.12,255$24
SIMPLEX TRADING, LLC7,768$15
Tower Research Capital LLC (TRC)4,796$10
MORGAN STANLEY4,098$8
Brooklands Fund Management Ltd4,000$10
BANK OF AMERICA CORP /DE/2,735$5
OSAIC HOLDINGS, INC.2,400$5
SBI Securities Co., Ltd.1,128$2
INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC725$1
Bogart Wealth, LLC100$0
Global Retirement Partners, LLC4$0
FLAGSHIP HARBOR ADVISORS, LLC2$0
Allworth Financial LP1$0
Total (51 institutions)13,665,289$27,141