L3VLUP
Quarter end
31 Dec 2025
the date the book describes
Filed
27 Oct 2026
latest of these filings; the earliest 10 Feb 2026
Managers listing it
31
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 9 listed it in both
Shares listed
22,569,664
combined, among listed positions
Reported value
$3.4bn
combined, at the quarter end

1 line marked †. Value as filed implies a price far from other filers'. Each counts in holders and value as filed, and is left out of the net change in shares.

Among the 92 comparable managers: 20 buyers (opened or added shares) and 15 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +10,601,309.

Managers listing MSTR in Q4 2025

Share of 13F value is the position’s reported value over everything the manager reported that quarter. The share change is against Q3 2025, and only where both filings list the position. A rise in value with no rise in shares is the price, not buying.

31 of 31 holders

ActionFiling
Invesco Ltd7,832,469$1.2bn0.11%Added+6,239,38419 Feb 2026 (the filing on sec.gov)
Capital Research Global Investors7,008,535$1.1bn0.20%Added+2,803,27711 Feb 2026 (the filing on sec.gov)
Capital World Investors2,911,311$442m0.06%Added+1,632,17911 Feb 2026 (the filing on sec.gov)
Jane Street Group LLC951,187$145munder 0.1%Added+785,22412 Feb 2026 (the filing on sec.gov)
Renaissance Technologies LLC† Value as filed implies a price far from other filers'.957,332$137m0.21%Added+731,60212 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC714,361$109munder 0.1%Added+647,37117 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc407,569$62munder 0.1%Trimmed-63,02117 Feb 2026 (the filing on sec.gov)
D. E. Shaw & Co.327,047$50munder 0.1%Added+273,26717 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP315,858$48munder 0.1%Trimmed-2,31817 Feb 2026 (the filing on sec.gov)
Fidelity (FMR LLC)265,153$40munder 0.1%Trimmed-1,227,47217 Feb 2026 (the filing on sec.gov)
Millennium Management LLC168,789$26munder 0.1%Added+39,15017 Feb 2026 (the filing on sec.gov)
Marshall Wace LLP100,000$15munder 0.1%Added+98,79713 Feb 2026 (the filing on sec.gov)
Hudson Bay Capital Management LP89,332$14munder 0.1%Trimmed-368,27913 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP86,161$13munder 0.1%Added+3,36117 Feb 2026 (the filing on sec.gov)
Walleye Capital LLC83,943$13munder 0.1%Added+57,78513 Feb 2026 (the filing on sec.gov)
Voloridge Investment Management LLC60,378$9.2munder 0.1%Trimmed-206,17217 Feb 2026 (the filing on sec.gov)
Schonfeld Strategic Advisors LLC53,466$8.1munder 0.1%Added+51,60117 Feb 2026 (the filing on sec.gov)
Winton Group Ltd47,894$7.3m0.25%Added+31,34011 Feb 2026 (the filing on sec.gov)
Balyasny Asset Management LLC27,056$4.1munder 0.1%Added+1,61217 Feb 2026 (the filing on sec.gov)
Janus Henderson Group Ltd26,816$4.1munder 0.1%Added+7,89417 Feb 2026 (the filing on sec.gov)
Man Group PLC24,763$3.8munder 0.1%Trimmed-5,58417 Feb 2026 (the filing on sec.gov)
Squarepoint Ops LLC23,696$3.6munder 0.1%Newnew13 Feb 2026 (the filing on sec.gov)
Verition Fund Management LLC22,273$3.4munder 0.1%Added+17,08213 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC18,519$2.8munder 0.1%Added+5,99917 Feb 2026 (the filing on sec.gov)
Bridgewater Associates LP9,994$1.5munder 0.1%Held013 Feb 2026 (the filing on sec.gov)
Page 1 of 2

Largest increases and reductions, by shares

Q3 2025 to Q4 2025, among managers that listed it in both quarters or opened it.

Increases

Reductions

New positions and exits

At least these many: a manager is shown exiting only where its own filing shows the position gone.

Ownership over time

Every quarter on file. A quarter-end value moves with the price as well as with the shares held; buyers and sellers count comparable managers, by shares.
8 in Q3 2024 to 5 in Q2 2026

Tracked managers listing it, at least.

051015split2014201620182020202220242026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
MSTR by quarter
QuarterHoldersReported valueBuyersSellers
Q2 20131$54mn.a.n.a.
Q3 20131$63mn.a.n.a.
Q4 20134$92mn.a.n.a.
Q1 20143$79mn.a.n.a.
Q2 20143$96mn.a.n.a.
Q3 20143$77mn.a.n.a.
Q4 20143$44mn.a.n.a.
Q1 20153$28mn.a.n.a.
Q2 20156$33mn.a.n.a.
Q3 201512$246mn.a.n.a.
Q4 20159$157mn.a.n.a.
Q1 201610$159mn.a.n.a.
Q2 20169$201mn.a.n.a.
Q3 20167$116mn.a.n.a.
Q4 20165$160mn.a.n.a.
Q1 20176$72mn.a.n.a.
Q2 20174$22mn.a.n.a.
Q3 20173$6.0mn.a.n.a.
Q4 20173$1.6mn.a.n.a.
Q1 20184$33mn.a.n.a.
Q2 20183$31mn.a.n.a.
Q3 20185$44mn.a.n.a.
Q4 20183$24mn.a.n.a.
Q1 20194$36mn.a.n.a.
Q2 20194$34mn.a.n.a.
Q3 20194$28mn.a.n.a.
Q4 20195$42mn.a.n.a.
Q1 20204$29mn.a.n.a.
Q2 20203$19mn.a.n.a.
Q3 20203$30mn.a.n.a.
Q4 20203$54mn.a.n.a.
Q1 20214$36mn.a.n.a.
Q2 20213$124mn.a.n.a.
Q3 20219$285mn.a.n.a.
Q4 20211$320mn.a.n.a.
Q1 20222$345mn.a.n.a.
Q2 20224$144mn.a.n.a.
Q3 20225$174mn.a.n.a.
Q4 20222$22mn.a.n.a.
Q1 20234$74mn.a.n.a.
Q2 20235$145mn.a.n.a.
Q3 20233$33mn.a.n.a.
Q4 20234$292m20
Q1 20249$1.6bn63
Q2 20249$1.4bn80
Q3 2024 (split)8$877m21
Q4 20247$1.5bn43
Q1 20258$2.2bn71
Q2 202515$4.5bn140
Q3 202511$2.6bn65
Q4 20259$3.0bn2015
Q1 20265$2.8bn1715
Q2 20265$1.7bn1512

Compare with…

Holders over time, buyers and sellers, and the managers holding both, side by side for up to four stocks.

MSTR and V →MSTR and AXP →MSTR and BAC →Choose a stock to compare with MSTR →

How much of the picture this is

A 13F is a manager’s long US-listed equity book at a quarter end, filed up to 45 days later. It shows no shorts, cash, bonds or performance, and it is never today’s portfolio. Large books are listed to their largest positions, so a manager missing from this table may still hold a small position below that line. These are 95 tracked managers, not the institutional market.

Which funds own MSTR, latest filings →Back to the 13F Explorer →