Strategy Inc
MSTR- Exchange
- Nasdaq
- Industry
- Finance Services
- SEC CIK
- 0001050446
In the last 90 days, Strategy Inc insiders filed 0 open-market purchases and 8 sales; 853 institutions reported holding it in 13F filings for Q2 2026, worth $18.2B in total; no superinvestor holds it.
13F holders, Q4 2025
Institutional positions in Strategy Inc as of Dec 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works
- Institutional holders
- 982
- −81 vs. Q3 2025
- Shares held
- 174.6M
- +34.9M (+25.0%) vs. Q3 2025
- Total value
- $26.6B
- −$18.4B (−41.0%) vs. Q3 2025
- New holders
- 172
- 383 more added
- Sold out
- 253
- 334 more reduced
24 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q3 2025: new holders, sold out and not filed yet
Holders and value by quarter
Institutions reporting MSTR on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 853 | $18.2B |
| Q1 2026 | 946 | $24.7B |
| Q4 2025 | 982 | $26.6B |
| Q3 2025 | 1,087 | $45.1B |
| Q2 2025 | 1,161 | $55.5B |
| Q1 2025 | 1,013 | $36.2B |
| Q4 2024 | 993 | $31.1B |
| Q3 2024 | 662 | $16.0B |
| Q2 2024 | 592 | $12.5B |
| Q1 2024 | 530 | $16.4B |
| Q4 2023 | 370 | $5.14B |
| Q3 2023 | 295 | $2.29B |
| Q2 2023 | 271 | $2.39B |
| Q1 2023 | 252 | $1.92B |
| Q4 2022 | 212 | $812.8M |
| Q3 2022 | 231 | $1.25B |
| Q2 2022 | 238 | $1.05B |
| Q1 2022 | 268 | $3.00B |
| Q4 2021 | 290 | $3.26B |
| Q3 2021 | 287 | $3.30B |
| Q2 2021 | 270 | $4.24B |
| Q1 2021 | 287 | $3.86B |
Institutions, Q4 2025
Shares, value and share of portfolio for each institution holding Strategy Inc; share changes are against Q3 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Treasurer of the State of North Carolina | 168,688 | $25.6M | 0.08% | +9,117+5.7% | Added |
| Millennium Management LLC | 168,789 | $25.6M | 0.02% | +39,150+30.2% | Added |
| Jump Financial, LLC | 176,978 | $26.9M | 0.34% | +39,629+28.9% | Added |
| Quantitative Investment Management, LLC | 178,287 | $27.1M | 2.63% | +178,287 | New |
| Nomura Holdings Inc | 179,275 | $27.2M | 0.08% | +70,922+65.5% | Added |
| Stifel Financial Corp | 194,050 | $29.5M | 0.03% | −3,922−2.0% | Reduced |
| Victory Capital Management Inc | 194,828 | $29.6M | 0.02% | +6,374+3.4% | Added |
| Cetera Investment Advisers | 200,998 | $30.5M | 0.03% | +9,401+4.9% | Added |
| Credit Agricole S A | 201,188 | $30.6M | 0.08% | +147,306+273.4% | Added |
| Commonwealth Equity Services, LLC | 213,841 | $32.5M | 0.04% | +7,701+3.7% | Added |
| Himension Fund | 217,402 | $33.0M | 2.04% | +217,402 | New |
| Aviva PLC | 218,916 | $33.3M | 0.06% | +11,449+5.5% | Added |
| CTC LLC | 231,830 | $35.2M | 3.23% | +65,034+39.0% | Added |
| Mirae Asset Securities (USA) Inc. | 235,571 | $35.8M | 1.42% | −1,050−0.4% | Reduced |
| State Board of Administration of Florida Retirement System | 236,780 | $36.0M | 0.06% | −4,435−1.8% | Reduced |
| Exchange Traded Concepts, LLC | 242,170 | $36.8M | 0.31% | +123,546+104.1% | Added |
| SIH Partners, LLLP | 260,230 | $39.5M | 2.30% | +260,230 | New |
| FMR LLC | 265,153 | $40.3M | 0.00% | −1,227,472−82.2% | Reduced |
| Foundations Investment Advisors, LLC | 265,745 | $40.4M | 0.53% | +155,555+141.2% | Added |
| New York State Common Retirement Fund | 279,650 | $42.5M | 0.06% | −2,500−0.9% | Reduced |
| Rhumbline Advisers | 279,818 | $42.5M | 0.03% | −33,747−10.8% | Reduced |
| Mitsubishi UFJ Kokusai Asset Management Co., Ltd. | 276,627 | $43.5M | 0.03% | +14,780+5.6% | Added |
| KBC Group NV | 311,624 | $47.4M | 0.11% | +88,501+39.7% | Added |
| Susquehanna International Group, LLP | 315,858 | $48.0M | 0.07% | −2,318−0.7% | Reduced |
| Wells Fargo & Company | 322,681 | $49.0M | 0.01% | −23,963−6.9% | Reduced |
| D. E. Shaw & Co., Inc. | 327,047 | $49.7M | 0.04% | +273,267+508.1% | Added |
| PEAK6 LLC | 361,655 | $55.0M | 1.50% | +61,201+20.4% | Added |
| Marathon Trading Investment Management LLC | 364,223 | $55.3M | 6.61% | +355,843+4,246.3% | Added |
| HSBC Holdings PLC | 370,057 | $56.5M | 0.03% | +105,840+40.1% | Added |
| Price T Rowe Associates Inc | 407,569 | $61.9M | 0.01% | −63,021−13.4% | Reduced |
| California State Teachers Retirement System | 408,369 | $62.1M | 0.06% | −3,612−0.9% | Reduced |
| LMR Partners LLP | 414,952 | $63.1M | 0.61% | +81,836+24.6% | Added |
| ProShare Advisors LLC | 417,790 | $63.5M | 0.11% | +131,014+45.7% | Added |
| Canada Pension Plan Investment Board | 438,743 | $66.7M | 0.04% | +45,421+11.5% | Added |
| Van Eck Associates Corp | 466,709 | $70.9M | 0.06% | +262,203+128.2% | Added |
| California Public Employees Retirement System | 470,632 | $71.5M | 0.04% | +22,475+5.0% | Added |
| Nuveen, LLC | 481,232 | $73.1M | 0.02% | +3,307+0.7% | Added |
| Old Mission Capital LLC | 494,536 | $75.2M | 2.91% | +494,536 | New |
| JPMorgan Chase & Co | 498,542 | $75.8M | 0.01% | −1,877,141−79.0% | Reduced |
| Citigroup Inc | 506,827 | $77.0M | 0.05% | +162,546+47.2% | Added |
| Natixis | 531,101 | $80.7M | 0.32% | −59,916−10.1% | Reduced |
| Sumitomo Mitsui Trust Holdings, Inc. | 606,629 | $92.2M | 0.05% | −17,352−2.8% | Reduced |
| First Trust Advisors LP | 608,328 | $92.4M | 0.07% | +195,691+47.4% | Added |
| National Pension Service | 614,409 | $93.4M | 0.07% | +102,769+20.1% | Added |
| LPL Financial LLC | 615,877 | $93.6M | 0.03% | −27,681−4.3% | Reduced |
| BNP Paribas Arbitrage, SA | 653,193 | $99.3M | 0.06% | +443,514+211.5% | Added |
| Citadel Advisors LLC | 714,361 | $108.5M | 0.07% | +647,371+966.4% | Added |
| Swiss National Bank | 715,380 | $108.7M | 0.06% | −37,120−4.9% | Reduced |
| SG Americas Securities, LLC | 728,727 | $110.7M | 0.15% | +507,427+229.3% | Added |
| Deutsche Bank AG | 731,704 | $111.2M | 0.04% | −106,727−12.7% | Reduced |
| Quadrature Capital Ltd | 756,266 | $114.9M | 1.17% | +756,266 | New |
| Renaissance Technologies LLC | 957,332 | $137.1M | 0.21% | +731,602+324.1% | Added |
| Bank of New York Mellon Corp | 913,183 | $138.8M | 0.02% | −10,082−1.1% | Reduced |
| Toroso Investments, LLC | 940,827 | $143.0M | 0.60% | +169,362+22.0% | Added |
| Jane Street Group, LLC | 951,187 | $144.5M | 0.17% | +785,224+473.1% | Added |
| Weiss Asset Management LP | 985,720 | $149.8M | 2.12% | −402,844−29.0% | Reduced |
| National Bank of Canada | 1,001,757 | $152.2M | 0.16% | −1,043,047−51.0% | Reduced |
| Barclays PLC | 1,144,912 | $174.0M | 0.07% | +438,104+62.0% | Added |
| Royal Bank of Canada | 1,155,972 | $175.7M | 0.03% | −409,509−26.2% | Reduced |
| Charles Schwab Investment Management Inc | 1,271,015 | $193.1M | 0.03% | +91,859+7.8% | Added |
| Legal & General Group Plc | 1,371,947 | $208.5M | 0.05% | +116,177+9.3% | Added |
| UBS Asset Management Americas Inc | 1,493,816 | $227.0M | 0.05% | +242,582+19.4% | Added |
| Bank of Montreal | 1,086,627 | $236.8M | 0.10% | −211,554−16.3% | Reduced |
| Northern Trust Corp | 1,581,952 | $240.4M | 0.03% | +11,629+0.7% | Added |
| Clear Street Group Inc. | 1,971,486 | $299.6M | 1.57% | −2,806,511−58.7% | Reduced |
| Harvest Portfolios Group Inc. | 2,110,081 | $320.6M | 5.58% | +559,561+36.1% | Added |
| Goldman Sachs Group Inc | 2,330,142 | $354.1M | 0.05% | +237,874+11.4% | Added |
| Cantor Fitzgerald, L. P. | 2,430,583 | $369.3M | 11.00% | −1,578,909−39.4% | Reduced |
| Capital World Investors | 2,911,311 | $442.4M | 0.06% | +1,632,179+127.6% | Added |
| Marex Group plc | 2,934,332 | $445.9M | 4.83% | +851,483+40.9% | Added |
| Norges Bank | 3,528,397 | $536.1M | 0.06% | +3,528,397 | New |
| Bank of America Corp | 3,848,306 | $584.8M | 0.04% | +3,355,223+680.5% | Added |
| Geode Capital Management, LLC | 3,911,499 | $592.8M | 0.04% | +175,343+4.7% | Added |
| Amundi | 4,790,702 | $727.9M | 0.20% | +3,779,340+373.7% | Added |
| UBS Group AG | 5,760,243 | $875.3M | 0.17% | +3,237,842+128.4% | Added |
| State Street Corp | 6,127,301 | $931.0M | 0.03% | +138,253+2.3% | Added |
| Capital Research Global Investors | 7,008,535 | $1.06B | 0.20% | +2,803,277+66.7% | Added |
| Invesco Ltd. | 7,832,469 | $1.19B | 0.11% | +6,239,384+391.7% | Added |
| Morgan Stanley | 9,380,398 | $1.43B | 0.09% | +963,416+11.4% | Added |
| BlackRock, Inc. | 14,607,280 | $2.22B | 0.04% | −48,886−0.3% | Reduced |
| Capital International Investors | 20,614,868 | $3.13B | 0.49% | +5,600,573+37.3% | Added |
| Vanguard Group Inc | 24,062,886 | $3.66B | 0.05% | +4,178,611+21.0% | Added |
| Ossiam | 0 | $0 | 0.00% | −247,410−100.0% | Sold out |
| Point72 Asset Management, L.P. | 0 | $0 | 0.00% | −133,708−100.0% | Sold out |
| Consolidated Portfolio Review Corp | 0 | $0 | 0.00% | −42,098−100.0% | Sold out |
| Simplex Trading, LLC | 0 | $0 | 0.00% | −29,257−100.0% | Sold out |
| Spahn Wealth & Retirement LLC | 0 | $0 | 0.00% | −19,223−100.0% | Sold out |
| Cushing Asset Management, LP | 0 | $0 | 0.00% | −25,000−100.0% | Sold out |
| Sloy Dahl & Holst, LLC | 0 | $0 | 0.00% | −22,789−100.0% | Sold out |
| Catalyst Funds Management Pty Ltd | 0 | $0 | 0.00% | −21,600−100.0% | Sold out |
| Bleakley Financial Group, LLC | 0 | $0 | 0.00% | −20,164−100.0% | Sold out |
| BIT Capital GmbH | 0 | $0 | 0.00% | −18,125−100.0% | Sold out |
| Stevens Capital Management LP | 0 | $0 | 0.00% | −13,273−100.0% | Sold out |
| Scotia Capital Inc. | 0 | $0 | 0.00% | −10,327−100.0% | Sold out |
| Dymon Asia Capital (Singapore) Pte. Ltd. | 0 | $0 | 0.00% | −9,443−100.0% | Sold out |
| JPL Wealth Management, LLC | 0 | $0 | 0.00% | −9,395−100.0% | Sold out |
| Quantbot Technologies LP | 0 | $0 | 0.00% | −8,931−100.0% | Sold out |
| Empowered Funds, LLC | 0 | $0 | 0.00% | −8,273−100.0% | Sold out |
| AIA Group Ltd | 0 | $0 | 0.00% | −7,091−100.0% | Sold out |
| BNC Wealth Management, LLC | 0 | $0 | 0.00% | −6,540−100.0% | Sold out |