Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Strategy Inc (MSTR)

947 + Investors. Track Smart Money conviction in MSTR. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -37
Streak
3Q ▼
Buyers last Q
57%

Smart Money Signals — MSTR

Based on 960 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 3 quarters in a row

last 6Q
For 3 consecutive quarters, more hedge funds reduced or closed their MSTR positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 82% of 3.0Y peak

82% of all-time peak
960 funds currently hold this stock — 82% of the 3.0-year high of 1,164 funds (reached 2025 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 5% fewer funds vs a year ago

fund count last 6Q
54 fewer hedge funds hold MSTR compared to a year ago (-5% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟡

Slight buying edge — 57% buying

620 buying463 selling
Last quarter: 620 funds bought or added vs 463 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
⚠️

Fewer new buyers each quarter (-42 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 240 → 134 → 180 → 138. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

44% of holders stayed for 2+ years

■ 44% conviction (2yr+) ■ 35% medium ■ 21% new
419 out of 960 hedge funds have held MSTR for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💎

Buying through price weakness — shares +3%, value -28%

Value
-28%
Shares
+2%
Last quarter: funds added +3% more shares while total portfolio value only changed -28%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
➡️

Steady discovery — ~138 new funds/quarter

171 → 240 → 134 → 180 → 138 new funds/Q
New funds entering each quarter: 240 → 134 → 180 → 138. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 43% veterans vs 26% newcomers

■ 43% veterans ■ 31% 1-2yr ■ 26% new
Entry-cohort mix of 1,073 holders: 464 (43%) are 2+ year veterans, 330 entered 1–2 years ago, and 279 (26%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 51% AUM from top-100 funds

51% from top-100 AUM funds
64 of 935 holders are among the 100 largest funds by AUM, controlling 51% of total institutional value in MSTR. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
2.6
out of 10
Low Exit Risk
Exit risk score 2.6/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — MSTR

In 2026 Q1, 620 hedge funds were net buyers of MSTR (138 opened a new position, 482 added to an existing one), while 463 reduced or exited (288 trimmed, 175 sold completely) — a 57% buyer ratio, indicating a slight buying edge. This extends a 3-quarter selling streak, suggesting sustained institutional caution. 51% of total institutional value in MSTR is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -37 funds (more exits than new entries). Total institutional holders: 960.

Hedge Fund Ownership: MSTR

How many hedge funds hold MSTR — quarterly history vs. share price
Quarterly hedge fund ownership of MSTR vs. share price

Market Analysis: MSTR

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: MSTR

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Strategy Inc (MSTR) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much MSTR has moved relative to its sector benchmark (XLK) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 78d ago
MSTR
+7.6%
XLK
+42.3%

MSTR outperformed XLK by -34.7% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 33d ago
MSTR
-24.3%
XLK
+7.3%

Since the filing became public, MSTR outperformed XLK by -31.6% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Broad Consensus, Selective Conviction

Many quality funds hold this stock, but top-tier positions remain relatively small.

57 top-rated funds 9 high-conviction
Consensus
7.7
/ 10
breadth
×
Elite
3.8
/ 10
conviction
Hedge Fund Positioning: MSTR
947 + Investors

Track Smart Money conviction in MSTR. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 947 997 -5.02%
13F Shares 316M 308M 2.57%
Total Value $40.97B $60.30B -32.05%
New Positions 134 180 -46
Increased Positions 440 385 +55
Closed Positions 184 275 -91
Reduced Positions 252 337 -85
Total Calls 66 87 -24.14%
Total Puts 67 87 -22.99%
PUT/CALL Ratio 1.02 1.0 Neutral

Statistics: MSTR

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
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Return on Equity (ttm) --
Income Statement & Cash Flow
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Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
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Institutional Holders (2026 Q1)

947 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in MSTR. Verified SEC 13F-HR filings.

QUARTER:
Top 25 MSTR holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Turner Capital Investments, LLC 100.00% 4,206 $421K
2 SkyBridge Capital II, LLC 53.52% 70,284 $7.0M
3 Accuvest Global Advisors 8.16% 70,109 $8.8M
4 Galaxy Digital Inc. 7.56% 700,000 $87.4M
5 Shariaportfolio, INC. 7.06% 127,758 $15.9M
6 Aspiring Ventures, LLC 6.22% 164,408 $20.5M
7 Harvest Portfolios Group Inc. 5.52% 2,679,768 $334.4M
8 Defiance ETFs, LLC 5.14% 2,877,686 $359.1M
9 Greenland Capital Management LP 5.00% 315,000 $39.3M
10 Longitude (Cayman) Ltd. 4.44% 87,000 $10.9M
11 Tidal Investments LLC 4.28% 16,269,200 $2.03B
12 Shaolin Capital Management LLC 4.04% 875,000 $109.2M
13 Cantor Fitzgerald, L. P. 3.36% 1,823,471 $227.6M
14 Strong Tower Advisory Services 3.16% 134,681 $16.8M
15 Telligent Fund, LP 3.12% 23,400 $2.9M
16 Vista Investment Partners II, LLC 3.07% 54,759 $6.8M
17 Capital Wealth Alliance, LLC 2.91% 51,559 $6.4M
18 BIT Capital GmbH 2.59% 429,700 $53.6M
19 Susquehanna Advisors Group, INC. 2.46% 600,000 $74.9M
20 Kessler Investment Group, LLC 2.41% 40,748 $5.1M
21 Weiss Asset Management LP 2.05% 971,100 $121.2M
22 CoinFund Management LLC 2.00% 5,680 $709K
23 Longitude (Cayman) Ltd. 1.98% 38,700 $4.8M
24 BLKBRD Asset Management, LP 1.93% 5,931 $740K
25 Lavelle Capital LP 1.93% 24,890 $3.1M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Strategy Inc (MSTR)

What does the Smart Money Trend signal show for MSTR?

Selling streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds reduced or closed their MSTR positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for MSTR?

Slight buying edge — 57% buying: Last quarter: 620 funds bought or added vs 463 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for MSTR holders?

Elite ownership — 51% AUM from top-100 funds: 64 of 935 holders are among the 100 largest funds by AUM, controlling 51% of total institutional value in MSTR. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held MSTR?

44% of holders stayed for 2+ years: 419 out of 960 hedge funds have held MSTR for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Strategy Inc (MSTR) following the 2026 Q1 hedge fund 13F filings?

As of today, MSTR has moved -24.3% since the 2026 Q1 13F filing date (May 15, 2026), compared to +7.3% for the XLK sector ETF — an outperformance of -31.6%. Since the quarter end (March 31, 2026), MSTR has gained +7.6% vs +42.3% for XLK. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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