diff --git a/.sampo/changesets/mcp-tools-list-envelope.md b/.sampo/changesets/mcp-tools-list-envelope.md
new file mode 100644
index 000000000..89b988977
--- /dev/null
+++ b/.sampo/changesets/mcp-tools-list-envelope.md
@@ -0,0 +1,5 @@
+---
+pypi/posthog: patch
+---
+
+`$mcp_tools_list` events no longer copy the tool descriptors into `$mcp_response`, which keeps only the response envelope such as `nextCursor`. The tool names stay in `$mcp_listed_tool_names`.
diff --git a/posthog/mcp/_instrument_fastmcp.py b/posthog/mcp/_instrument_fastmcp.py
index 7f9af6f15..e0fdd1c48 100644
--- a/posthog/mcp/_instrument_fastmcp.py
+++ b/posthog/mcp/_instrument_fastmcp.py
@@ -29,7 +29,6 @@
 from ._conversation_id import build_prompt_back
 from ._instrument_lowlevel import _wrap_resource_requests
 from ._instrumentation import (
-    _to_jsonable,
     apply_virtual_tool_injection,
     collect_listed_tools,
     extract_tools,
@@ -288,7 +287,7 @@ async def list_handler(req: Any) -> Any:
 
         await lifecycle.record_result(
             names=names,
-            response=_to_jsonable(result),
+            result=result,
             duration_ms=duration_ms,
             is_empty=empty,
         )
diff --git a/posthog/mcp/_instrument_lowlevel.py b/posthog/mcp/_instrument_lowlevel.py
index ee24748aa..c12dab787 100644
--- a/posthog/mcp/_instrument_lowlevel.py
+++ b/posthog/mcp/_instrument_lowlevel.py
@@ -26,7 +26,6 @@
 from ._conversation_id import build_prompt_back
 from ._event_types import MCPAnalyticsEventType
 from ._instrumentation import (
-    _to_jsonable,
     advertised_tool_names,
     apply_virtual_tool_injection,
     collect_listed_tools,
@@ -490,7 +489,7 @@ async def handler(req: Any) -> Any:
 
         await lifecycle.record_result(
             names=names,
-            response=_to_jsonable(result),
+            result=result,
             duration_ms=duration_ms,
             is_empty=empty,
         )
diff --git a/posthog/mcp/_instrument_v2.py b/posthog/mcp/_instrument_v2.py
index b6d7ecd99..68c273556 100644
--- a/posthog/mcp/_instrument_v2.py
+++ b/posthog/mcp/_instrument_v2.py
@@ -40,7 +40,6 @@
 from ._conversation_id import build_prompt_back
 from ._event_types import MCPAnalyticsEventType
 from ._instrumentation import (
-    _to_jsonable,
     advertised_tool_names,
     apply_virtual_tool_injection,
     collect_listed_tools,
@@ -723,7 +722,7 @@ async def handler(ctx: Any, params: Any) -> Any:
 
         await lifecycle.record_result(
             names=names,
-            response=_to_jsonable(result),
+            result=result,
             duration_ms=duration_ms,
             is_empty=empty,
         )
diff --git a/posthog/mcp/_instrumentation.py b/posthog/mcp/_instrumentation.py
index 2355bcdc6..cbf50ab48 100644
--- a/posthog/mcp/_instrumentation.py
+++ b/posthog/mcp/_instrumentation.py
@@ -692,6 +692,24 @@ def extract_tools(result: Any) -> list:
     return list(getattr(root, "tools", []) or [])
 
 
+def tools_list_envelope(result: Any) -> Optional[Dict[str, Any]]:
+    """The ``tools/list`` result minus its tools, or None when nothing else is set.
+
+    The names already ride ``listed_tool_names``, and a descriptor copy would be
+    sanitized and truncated on the request path."""
+    root = getattr(result, "root", result)
+    if not hasattr(root, "model_dump"):
+        return None
+    envelope = root.model_dump(
+        mode="json",
+        by_alias=True,
+        exclude={"tools"},
+        exclude_unset=True,
+        exclude_none=True,
+    )
+    return envelope or None
+
+
 def append_virtual_tool(result: Any, tool: Any) -> Any:
     """Return a copy of a ``tools/list`` result with ``tool`` added.
 
@@ -1113,7 +1131,7 @@ async def record_result(
         self,
         *,
         names: List[str],
-        response: Any,
+        result: Any,
         duration_ms: float,
         is_empty: bool,
     ) -> None:
@@ -1122,7 +1140,7 @@ async def record_result(
             self.session_id,
             names=names,
             request=self.request,
-            response=response,
+            result=result,
             duration_ms=duration_ms,
             is_error=is_empty,
             error="tools/list returned no tools" if is_empty else None,
@@ -1276,7 +1294,7 @@ async def record_tools_list(
     *,
     names: List[str],
     request: Dict[str, Any],
-    response: Any = None,
+    result: Any = None,
     duration_ms: Optional[float] = None,
     is_error: bool = False,
     error: Any = None,
@@ -1291,7 +1309,7 @@ async def record_tools_list(
             "session_id": session_id,
             "listed_tool_names": names,
             "parameters": build_captured_mcp_parameters(request),
-            "response": _wrap_response(response) if response is not None else None,
+            "response": tools_list_envelope(result),
             "duration": duration_ms,
             "client_name": client_name,
             "client_version": client_version,
diff --git a/posthog/test/mcp/test_review_fixes.py b/posthog/test/mcp/test_review_fixes.py
index 8c2886ff1..c7682e402 100644
--- a/posthog/test/mcp/test_review_fixes.py
+++ b/posthog/test/mcp/test_review_fixes.py
@@ -2,7 +2,7 @@
 
 - B: a tool that declares its own ``context`` keeps it while an injected
   ``conversation_id`` is stripped (the two are decoupled).
-- E: ``tools/list`` captures ``$mcp_response`` + ``$mcp_duration_ms``, and a
+- E: ``tools/list`` captures ``$mcp_duration_ms`` (not the listing), and a
   list handler that raises is captured as an errored ``$mcp_tools_list``.
 - F: ``$mcp_initialize`` is emitted on a ``tools/list`` (a client may list but
   never call a tool).
@@ -21,6 +21,11 @@
 
 from posthog.mcp import PostHogMCP, instrument
 from posthog.mcp.types import MCPAnalyticsOptions, UserIdentity
+from posthog.test.mcp._helpers_lowlevel import (
+    list_page,
+    make_paged_lowlevel,
+    tool_names,
+)
 from posthog.test.mcp._helpers import (
     FakeClient,
     events_named as _events,
@@ -99,7 +104,7 @@ def summarize(text: str, context: str) -> str:
 # --- E: tools/list response + duration, and failure capture -------------------
 
 
-async def test_tools_list_captures_response_and_duration():
+async def test_tools_list_captures_duration_without_response():
     server = make_lowlevel()
     client = FakeClient()
     instrument(server, client)
@@ -110,11 +115,40 @@ async def test_tools_list_captures_response_and_duration():
     listed = _events(client, "$mcp_tools_list")
     assert listed
     props = listed[0]["properties"]
-    assert props["$mcp_response"] is not None
+    assert "$mcp_response" not in props
     assert "$mcp_duration_ms" in props
     assert props["$mcp_is_error"] is False
 
 
+@pytest.mark.parametrize(
+    "pages, expected_response",
+    [
+        ([["alpha", "beta"], ["gamma"]], {"nextCursor": "1"}),
+        ([["alpha", "beta"]], None),
+    ],
+    ids=["paginated", "single-page"],
+)
+async def test_tools_list_response_is_the_envelope_without_tools(
+    pages, expected_response
+):
+    server = make_paged_lowlevel(
+        [
+            [mcp_types.Tool(name=name, inputSchema={"type": "object"}) for name in page]
+            for page in pages
+        ]
+    )
+    client = FakeClient()
+    instrument(server, client)
+
+    result = await list_page(server)
+    await _flush()
+
+    assert tool_names(result) == pages[0]
+    props = _events(client, "$mcp_tools_list")[0]["properties"]
+    assert props["$mcp_listed_tool_names"] == pages[0]
+    assert props.get("$mcp_response") == expected_response
+
+
 async def test_tools_list_handler_raise_is_captured():
     server = Server("list-raises")
 
diff --git a/posthog/test/mcp/test_units.py b/posthog/test/mcp/test_units.py
index 2fff89e6a..c07c85ab6 100644
--- a/posthog/test/mcp/test_units.py
+++ b/posthog/test/mcp/test_units.py
@@ -5,6 +5,9 @@
 from datetime import datetime, timedelta, timezone
 from types import SimpleNamespace
 
+import pytest
+import mcp.types as mcp_types
+
 from posthog.mcp._conversation_id import (
     add_conversation_id_to_schema,
     can_inject_prompt_back,
@@ -19,6 +22,7 @@
     is_first_listing_page,
     mutate_tool_schema,
     resolve_virtual_tool_injection,
+    tools_list_envelope,
 )
 from posthog.mcp._intent import _get_context_argument, resolve_tool_call_intent
 from posthog.mcp._internal import (
@@ -408,3 +412,29 @@ def test_identity_cache_evicts_least_recently_used():
     cache.get("s1")  # touch s1 so s2 becomes the LRU entry
     cache.set("s3", UserIdentity(distinct_id="u3"))  # evicts s2
     assert cache.has("s1") and cache.has("s3") and not cache.has("s2")
+
+
+@pytest.mark.parametrize(
+    "result, expected",
+    [
+        (
+            mcp_types.ListToolsResult(
+                tools=[mcp_types.Tool(name="a", inputSchema={"type": "object"})],
+                nextCursor="2",
+            ),
+            {"nextCursor": "2"},
+        ),
+        (
+            mcp_types.ListToolsResult.model_validate(
+                {"tools": [], "nextCursor": "2", "_meta": {"trace": "t"}}
+            ),
+            {"nextCursor": "2", "_meta": {"trace": "t"}},
+        ),
+        (mcp_types.ListToolsResult(tools=[]), None),
+        (None, None),
+        ([mcp_types.Tool(name="a", inputSchema={"type": "object"})], None),
+    ],
+    ids=["paginated", "meta", "tools-only", "none", "bare-list"],
+)
+def test_tools_list_envelope(result, expected):
+    assert tools_list_envelope(result) == expected
diff --git a/posthog/test/mcp/test_v2_lowlevel.py b/posthog/test/mcp/test_v2_lowlevel.py
index 251cc9865..d923be04d 100644
--- a/posthog/test/mcp/test_v2_lowlevel.py
+++ b/posthog/test/mcp/test_v2_lowlevel.py
@@ -159,6 +159,36 @@ async def test_list_tools_injects_optional_context_and_captures():
     assert listed[0]["properties"]["$mcp_server_name"] == "test-low-v2"
 
 
+@pytest.mark.parametrize(
+    "next_cursor, expected_response",
+    [("page-2", {"nextCursor": "page-2"}), (None, None)],
+    ids=["paginated", "single-page"],
+)
+async def test_list_tools_response_is_the_envelope_without_tools(
+    next_cursor, expected_response
+):
+    async def on_list_tools(ctx, params):
+        return mcp_types.ListToolsResult(
+            tools=[
+                mcp_types.Tool(name=name, input_schema={"type": "object"})
+                for name in ("alpha", "beta")
+            ],
+            next_cursor=next_cursor,
+        )
+
+    server = Server("envelope-v2", on_list_tools=on_list_tools)
+    client = FakeClient()
+    instrument(server, client)
+
+    result = await _list_tools(server)
+    await _flush()
+
+    assert [t.name for t in result.tools][:2] == ["alpha", "beta"]
+    props = _events(client, "$mcp_tools_list")[0]["properties"]
+    assert props["$mcp_listed_tool_names"] == ["alpha", "beta"]
+    assert props.get("$mcp_response") == expected_response
+
+
 @pytest.mark.parametrize(
     "uri, captured_uri, resource_error",
     [