Strategy Inc
MSTR
981 hedge funds and large institutions have $26.6B invested in Strategy Inc in 2025 Q4 according to their latest regulatory filings, with 171 funds opening new positions, 382 increasing their positions, 334 reducing their positions, and 255 closing their positions.
14% more repeat investments, than reductions
Existing positions increased: 382 | Existing positions reduced: 334
12.12% more ownership
Funds ownership: 53.06% → 65.19% (+12%)
2% more call options, than puts
Call options by funds: $14.9B | Put options by funds: $14.7B
10% less funds holding
Funds holding: 1,088 → 981 (-107)
29% less funds holding in top 10
Funds holding in top 10: 34 → 24 (-10)
33% less first-time investments, than exits
New positions opened: 171 | Existing positions closed: 255
41% less capital invested
Capital invested by funds: $45.1B → $26.6B (-$18.6B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$1.44B |
| 2 |
Capital International Investors
Los Angeles,
California
|
+$1.29B |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$962M |
| 4 |
Amundi
Paris,
France
|
+$870M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$772M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Clear Street
New York
|
-$646M |
| 2 |
JP Morgan Chase
New York
|
-$432M |
| 3 |
CM
Capula Management
Grand Cayman,
Cayman Islands
|
-$375M |
| 4 |
CF
Cantor Fitzgerald
New York
|
-$363M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
-$283M |
MSTR Hedge Fund Activity: Q4 2025 in Review
981 of the 8,284 institutional investors tracked by Wall St. Rank reported a position in Strategy Inc (MSTR) for Q4 2025, worth a combined $26.6B — down 41% from $45.1B a quarter earlier.
Sellers outnumbered buyers: 255 funds closed out of MSTR and 171 opened new positions — a net loss of 84 holders — while 334 trimmed existing stakes and 382 added.
The largest buyer was Invesco, adding an estimated $1.44B. The largest seller was Clear Street, cutting an estimated $646M.
- 981 institutional investors held Strategy Inc (MSTR) as of Q4 2025, down from 1,088 in Q3 2025.
- Funds reported $26.6B of Strategy Inc stock for Q4 2025, down 41% quarter-over-quarter.
- 171 funds opened new Strategy Inc positions in Q4 2025 and 255 closed out, a net change of -84 holders.
- The largest Strategy Inc buyer in Q4 2025 was Invesco, an estimated $1.44B added.
- The largest Strategy Inc seller in Q4 2025 was Clear Street, an estimated $646M sold.
Based on aggregated 13F filings for Q4 2025.