DOSSIER · 13F Holders · Q4 2025Most-boughtAI cap-ex

MSTR 0 12/01/29

STRATEGY INC

67 institutions still hold STRATEGY INC as of Q4 2025. Tracked across SEC 13F-HR filings, with insider and 13D/G activity surfaced alongside.

CUSIP 594972AS0·67 13F holders·last filed Dec 31, 2025

Market cap

—

▲ 9.6%

vs prior quarter

13F value held

$2.2B

49.0% inst. owned

of float

Holders

67

+119 QoQ

filers reporting

Activity

+84 / −16

+965 added · −841 reduced

this quarter

Concentration

15.74%

D. E. Shaw & Co., Inc. #1

top holder share

AI Holders Summary · Q4 2025

67 institutions reported MSTR 0 12/01/29 in Q4 2025. D. E. Shaw & Co., Inc. leads at 15.7% of the visible book. +119 net new institutions vs prior quarter — accumulation reading.

Top holders

Sorted by position value. Source: SEC EDGAR 13F-HR filings.

Hide index funds / market makers / custodians(1 on this page)

#HolderValueShares% port.Quarter

D. E. Shaw & Co., Inc.

$342M416.5M0.19%Q4 2025 02

VOYA INVESTMENT MANAGEMENT LLC

$310M372.2M0.32%Q1 2026 03

ARISTEIA CAPITAL, L.L.C.

$267M320.2M5.53%Q1 2026 04

LINDEN ADVISORS LP

$245M293.1M1.37%Q1 2026 05

Context Capital Management, LLC

$198M237.7M4.57%Q1 2026 06

LMR Partners LLP

$113M135.0M0.25%Q1 2026 07

Calamos Advisors LLC

$83M99.5M0.30%Q1 2026 08

Point72 Asset Management, L.P.

$73M87.5M0.09%Q1 2026 09

WHITEBOX ADVISORS LLC

$72M86.0M0.88%Q1 2026 10

MARSHALL WACE, LLP

$58M70.0M0.05%Q4 2025 11

WOLVERINE ASSET MANAGEMENT LLC

$55M65.5M0.53%Q1 2026 12

STATE STREET CORP

$53M63.3M0.00%Q1 2026 13

AQR Arbitrage LLC

$51M62.1M1.08%Q4 2025 14

Verition Fund Management LLC

$43M51.8M0.28%Q1 2026 15

Capital World Investors

$42M50.3M0.01%Q1 2026 16

BlackRock, Inc.

$41M48.9M0.00%Q1 2026 17

$40M48.3M0.00%Q1 2026 18

FARALLON CAPITAL MANAGEMENT LLC

$33M39.5M0.19%Q1 2026 19

SUSQUEHANNA ADVISORS GROUP, INC.

CIK 0001444949· Market maker

$30M37.3M1.00%Q1 2026 20

SHENKMAN CAPITAL MANAGEMENT INC

$26M31.6M3.16%Q1 2026

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