Strategy Inc 8.00% Series A Perpetual Strike Preferred Stock
STRK
84 hedge funds and large institutions have $563M invested in Strategy Inc 8.00% Series A Perpetual Strike Preferred Stock in 2025 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 31 increasing their positions, 24 reducing their positions, and 22 closing their positions.
29% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 24
2.65% less ownership
Funds ownership: 100.53% → 97.87% (-2.7%)
9% less funds holding
Funds holding: 92 → 84 (-8)
16% less capital invested
Capital invested by funds: $670M → $563M (-$107M)
36% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 22
60% less funds holding in top 10
Funds holding in top 10: 5 → 2 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KA
Kovack Advisors
Ft. Lauderdale,
Florida
|
+$15.7M |
| 2 |
ICA
Infrastructure Capital Advisors
New York
|
+$12M |
| 3 |
PC
ParaFi Capital
New York
|
+$12M |
| 4 |
Calamos Advisors
Naperville,
Illinois
|
+$4.3M |
| 5 |
BlackRock
New York
|
+$3.55M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$22.6M |
| 2 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
-$19.4M |
| 3 |
AGM
Alpine Global Management
New York
|
-$11.6M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$6.51M |
| 5 |
HIC
Hartline Investment Corp
Winnetka,
Illinois
|
-$5.76M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Envestnet Asset Management
Chicago,
Illinois
| – | -$422K | -4,601 | Closed |
|
|
KCFA
102
Key Client Fiduciary Advisors
Fairfield,
New Jersey
| – | -$272K | -2,967 | Closed |
|
|
VVP
103
Venture Visionary Partners
Sylvania,
Ohio
| – | -$234K | -2,550 | Closed |
|
104
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
| – | -$91K | -1,000 | Closed |
|
105
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$57.8K | -630 | Closed |
|
|
ASN
106
Advisory Services Network
Atlanta,
Georgia
| – | -$9.17K | -100 | Closed |
|
107
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$4.58K | -50 | Closed |
|
|
TPCW
108
TD Private Client Wealth
New York
| – | -$1.28K | -14 | Closed |
|
STRK Hedge Fund Activity: Q4 2025 in Review
84 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Strategy Inc 8.00% Series A Perpetual Strike Preferred Stock (STRK) for Q4 2025, worth a combined $563M — down 16% from $670M a quarter earlier.
Sellers outnumbered buyers: 22 funds closed out of STRK and 14 opened new positions — a net loss of 8 holders — while 24 trimmed existing stakes and 31 added.
The largest buyer was Kovack Advisors, opening a new position worth an estimated $15.7M. The largest seller was Fidelity Investments, cutting an estimated $22.6M.
- 84 institutional investors held Strategy Inc 8.00% Series A Perpetual Strike Preferred Stock (STRK) as of Q4 2025, down from 92 in Q3 2025.
- Funds reported $563M of Strategy Inc 8.00% Series A Perpetual Strike Preferred Stock stock for Q4 2025, down 16% quarter-over-quarter.
- 14 funds opened new Strategy Inc 8.00% Series A Perpetual Strike Preferred Stock positions in Q4 2025 and 22 closed out, a net change of -8 holders.
- The largest Strategy Inc 8.00% Series A Perpetual Strike Preferred Stock buyer in Q4 2025 was Kovack Advisors, an estimated $15.7M added.
- The largest Strategy Inc 8.00% Series A Perpetual Strike Preferred Stock seller in Q4 2025 was Fidelity Investments, an estimated $22.6M sold.
Based on aggregated 13F filings for Q4 2025.