Strategy Inc. (mstr 8 Perp)Preferred / convertible

13F holders, Q2 2025 (June 30)
84holders +30
39new positions
10sold out
1famous investor
$120.21avg. 13F price*

At the end of Q2 2025, 84 institutions reported holding Strategy Inc. (mstr 8 Perp) in their 13F filings, up 30 from Q1 2025. 39 opened new positions and 10 sold out. The largest holders were Capital International Investors ($251.1M), FMR LLC ($175.0M) and BlackRock, Inc. ($109.6M). One famous investor held it Israel Englander ( of Millennium Management's portfolio).

Company
Strategy Inc. (mstr 8 Perp)
Filed as
MICROSTRATEGY INC (Q2 2025)
CUSIP
594972887
Latest filing quarter
Q2 2026

History

Number of 13F holders

020406080100 Q1 2025: 54Q1 2025Q2 2025: 84Q2 2025Q3 2025: 92Q3 2025Q4 2025: 85Q4 2025Q1 2026: 92Q1 2026Q2 2026: 84Q2 2026

Total Exit/New Position Q1 2025 → Q2 2025

InstitutionsTotal Value
New Positions39$81.3M
Exits10$9.2M

All 13F filers, Q1 2025 → Q2 2025: 2,229,771 shares bought and 191,375 shares sold, net +2,038,396 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.

Ownership 84 holders

Capital International Investors — Add +10.7% 2,075,300 $251.1M
FMR LLC — Add +40.1% 1,442,194 $175.0M
BlackRock, Inc. — Add +45.3% 905,940 $109.6M
Voya Investment Management LLC — No change 625,000 $75.6M
Capital World Investors — New 523,600 $63.4M
Van Eck Associates Corp. — Add +42.6% 357,149 $43.2M
Hudson Bay Capital Management LP — Add +136.2% 215,421 $26.1M
LPL Financial LLC — Add +455.5% 211,576 $25.6M
State Street Corp. — Add +37.7% 146,000 $15.4M
Invesco Ltd. — Add +86.8% 71,000 $8.6M
Hartline Investment Corp./ — Add +559.0% 69,619 $8.4M
Aspiring Ventures, LLC — Add +5.6% 67,741 $8.2M
Morgan Stanley — Add +385.5% 64,214 $7.8M
Wells Fargo & Company — Add +28.3% 50,325 $6.1M
MADDEN SECURITIES Corp — New 42,975 $5.2M
Greenland Capital Management LP — No change 40,000 $4.8M
Advent Capital Management — Add +11.2% 39,818 $4.8M
Stifel Financial Corp. — Add +28.4% 32,335 $3.9M
Cambridge Investment Research Advisors, Inc. — Add +7.0% 30,945 $3.7M
Ionic Capital Management LLC — Reduce -25.8% 27,970 $3.4M
CRCM LP — Add +44.7% 22,784 $2.8M
Commonwealth Equity Services, LLC — Add +184.9% 22,502 $2.7M
OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) — No change 20,000 $2.4M
Steward Partners Investment Advisory, LLC — Add +168.5% 19,225 $2.3M
Oak Grove Capital LLC — New 16,500 $2.0M
Independent Financial Group, LLC — Add +9.4% 15,205 $1.8M
Wealthcare Advisory Partners LLC — New 12,503 $1.5M
Apollon Wealth Management, LLC — New 11,600 $1.4M
Wedbush Securities Inc. — Reduce -4.4% 10,840 $1.3M
StoneX Group Inc. — Add +38.6% 10,146 $1.2M
Palisade Capital Management, LP — Reduce -46.8% 9,150 $1.1M
Ewing Morris & Co. Investment Partners Ltd. — New 8,901 $1.1M
Wolverine Asset Management LLC — Add +9.8% 9,176 $1000K
National Bank of Canada — New 7,407 $893K
Kestra Private Wealth Services, LLC — Add +2.4% 7,372 $892K
Tidal Investments LLC — New 7,019 $849K
Oppenheimer & Co. Inc. — Add +73.5% 7,010 $848K
Beaird Harris Wealth Management, LLC — Reduce -0.6% 6,246 $756K
Neuberger Berman Group LLC — No change 5,000 $605K
Ulland Investment Advisors, LLC — Reduce -31.8% 4,075 $493K
Osaic Holdings, Inc. — Add +100375.0% 4,019 $486K
Argent Advisors, Inc. — No change 4,000 $484K
HighTower Advisors, LLC — Add +24.8% 3,570 $432K
Ssi Investment Management LLC — Reduce -76.8% 3,475 $422K
Balyasny Asset Management L.P. — New 3,040 $368K
Pathstone Holdings, LLC — New 3,000 $363K
Avantax Planning Partners, Inc. — New 2,953 $357K
Bank of America Corp. — Add +42.0% 2,950 $357K
Key Client Fiduciary Advisors, LLC — New 2,945 $356K
Perennial Investment Advisors, LLC — No change 2,859 $346K
Good Life Advisors, LLC — New 2,768 $335K
Creative Planning — New 2,596 $314K
Walkner Condon Financial Advisors LLC — New 2,594 $314K
Fiduciary Alliance LLC — New 2,225 $269K
King Wealth Management Group — New 2,160 $261K
Wealth Enhancement Advisory Services, LLC — New 2,082 $251K
Harbour Investments, Inc. — New 2,014 $244K
Venture Visionary Partners LLC — New 2,000 $242K
Visionary Wealth Advisors — New 1,900 $230K
Independent Advisor Alliance — New 1,879 $227K
Kestra Advisory Services, LLC — New 1,865 $226K
Aptus Capital Advisors, LLC — New 1,175 $142K
Toronto Dominion Bank — No change 1,000 $121K
UBS Group AG — Reduce -98.7% 650 $79K
Moisand Fitzgerald Tamayo, LLC — New 643 $78K
Coston, McIsaac & Partners — New 509 $61K
Costello Asset Management, INC — No change 500 $61K
Cwm, LLC — New 470 $57K
Comerica Bank — New 400 $48K
Vision Financial Markets LLC — Add +2.0% 357 $43K
Farther Finance Advisors, LLC — New 313 $38K
Millennium Management — No change 32,600 $36K
Truvestments Capital LLC — New 300 $36K
Allworth Financial LP — New 227 $27K
Raymond James Financial Inc. — New 219 $27K
PNC Financial Services Group, Inc. — New 200 $24K
MTM Investment Management, LLC — New 177 $21K
Golden State Wealth Management, LLC — New 156 $19K
Atlantic Union Bankshares Corp — New 115 $14K
Total Investment Management Inc. — New 106 $13K
Legacy Investment Solutions, LLC — — 22 $3K
Legacy Wealth Managment, LLC — No change 22 $3K
Asset Dedication, LLC — New 4 $494
IFP Advisors, Inc — New 4 $484

"% of holder's portfolio" is STRATEGY INC (MSTR 8 PERP)'s weight in each manager's 13F, not the share of Strategy Inc. (mstr 8 Perp) the manager owns.