Vault-13

MICROSTRATEGY INC MSTR 0 02.15.27

NOTE 2/1 · US DOMESTIC · CUSIP 594972AE1

61 institutional holders +5 vs Q1 2024
20,283,20620.3m shares reported held*
$1.3bnreported value*
12 new 15 added 21 reduced 7 sold out net bought ≈ $9.8m (+1.1m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($1.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $63.14.

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 41Q4 22: 36Q1 23: 39Q2 23: 38Q3 23: 41Q4 23: 42Q1 24: 56Q2 24: 6161Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 202241
Q4 202236
Q1 202339
Q2 202338
Q3 202341
Q4 202342
Q1 202456
Q2 202461

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
40040Q4 22: 10 bought or addedQ4 22: 15 cut or sold outQ4 22Q1 23: 19 bought or addedQ1 23: 15 cut or sold outQ2 23: 11 bought or addedQ2 23: 15 cut or sold outQ2 23Q3 23: 17 bought or addedQ3 23: 14 cut or sold outQ4 23: 22 bought or addedQ4 23: 9 cut or sold outQ4 23Q1 24: 38 bought or addedQ1 24: 22 cut or sold outQ2 24: 27 bought or addedQ2 24: 28 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 20221015
Q1 20231915
Q2 20231115
Q3 20231714
Q4 2023229
Q1 20243822
Q2 20242728

Biggest buyers

Linden Advisors LP New +152,819,000+152.8m
Graham Capital Management, L.P. Added +35,500,000+35.5m
MILLENNIUM MANAGEMENT LLC Added +20,000,000+20.0m
LMR Partners LLP Added +19,250,000+19.2m
MORGAN STANLEY Added +12,583,000+12.6m
CITADEL ADVISORS LLC Added +10,871,000+10.9m
ROYAL BANK OF CANADA New +7,195,000+7.2m
BANK OF AMERICA CORP /DE/ Added +6,668,800+6.7m
Invesco Ltd. Added +6,000,000+6.0m
Mint Tower Capital Management B.V. Added +6,000,000+6.0m

Biggest sellers

SOROS FUND MANAGEMENT LLC Sold out -90,000,000-90.0m
VOYA INVESTMENT MANAGEMENT LLC Reduced -31,500,000-31.5m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -27,600,000-27.6m
HIGHBRIDGE CAPITAL MANAGEMENT LLC Reduced -22,400,000-22.4m
JPMORGAN CHASE & CO Reduced -21,446,000-21.4m
Nuveen Asset Management, LLC Reduced -19,000,000-19.0m
Sculptor Capital LP Reduced -13,957,000-14.0m
CSS LLC/IL Reduced -10,000,000-10.0m
LAZARD ASSET MANAGEMENT LLC Reduced -10,000,000-10.0m
Balyasny Asset Management L.P. Reduced -10,000,000-10.0m

Holders, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Linden Advisors LP 1.53% of their portfolio New York, NY 152,819,000152.8m $183.3m $183.3m 1.53% New
2 Graham Capital Management, L.P. 5.78% of their portfolio ROWAYTON, CT 139,500,000139.5m $167.6m $167.6m 5.78% Added +35.5m +35,500,000
3 WHITEBOX ADVISORS LLC 4.93% of their portfolio MINNEAPOLIS, MN 102,220,000102.2m $122.4m $122.4m 4.93% Reduced -1.0m -1,000,000
4 LMR Partners LLP 1.95% of their portfolio LONDON, X0 76,250,00076.2m $91.1m $91.1m 1.95% Added +19.2m +19,250,000
5 MILLENNIUM MANAGEMENT LLC 0.06% of their portfolio NEW YORK, NY 58,801,00058.8m $70.4m $70.4m 0.06% Added +20.0m +20,000,000
6 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.12% of their portfolio BALA CYNWYD, PA 56,030,00056.0m $67.0m $67.0m 0.12% Reduced -27.6m -27,600,000
7 CITADEL ADVISORS LLC 0.05% of their portfolio MIAMI, FL 43,000,00043.0m $51.5m $51.5m 0.05% Added +10.9m +10,871,000
8 HIGHBRIDGE CAPITAL MANAGEMENT LLC 1.94% of their portfolio NEW YORK, NY 37,600,00037.6m $47.4m $47.4m 1.94% Reduced -22.4m -22,400,000
9 Weiss Asset Management LP 1.48% of their portfolio BOSTON, MA 25,500,00025.5m $30.8m $30.8m 1.48% Added +3.0m +3,000,000
10 Calamos Advisors LLC 0.15% of their portfolio NAPERVILLE, IL 25,017,00025.0m $30.2m $30.2m 0.15% Reduced -9.7m -9,706,000
11 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 21,225,00021.2m $25.5m $25.5m 0.00% Reduced -1.4m -1,350,000
12 ADVENT CAPITAL MANAGEMENT /DE/ 0.61% of their portfolio NEW YORK, NY 20,996,00021.0m $25.2m $25.2m 0.61% Added +5.9m +5,947,000
13 Point72 Asset Management, L.P. 0.08% of their portfolio STAMFORD, CT 20,000,00020.0m $23.9m $23.9m 0.08% Reduced -5.5m -5,500,000
14 Balyasny Asset Management L.P. 0.05% of their portfolio Chicago, IL 17,500,00017.5m $21.1m $21.1m 0.05% Reduced -10.0m -10,000,000
15 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 16,930,80016.9m $20.3m $20.3m 0.00% Added +6.7m +6,668,800
16 Mint Tower Capital Management B.V. 7.65% of their portfolio AMSTERDAM, P7 16,042,00016.0m $19.4m $19.4m 7.65% Added +6.0m +6,000,000
17 VOYA INVESTMENT MANAGEMENT LLC 0.02% of their portfolio ATLANTA, GA 13,570,00013.6m $16.3m $16.3m 0.02% Reduced -31.5m -31,500,000
18 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 13,550,00013.6m $16.2m $16.2m 0.00% Added +6.0m +6,000,000
19 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 13,333,00013.3m $16.0m $16.0m 0.00% Added +12.6m +12,583,000
20 LORD, ABBETT & CO. LLC 0.03% of their portfolio JERSEY CITY, NJ 13,018,00013.0m $15.6m $15.6m 0.03% Reduced -756.0k -756,000
21 MARSHALL WACE, LLP 0.02% of their portfolio LONDON, X0 13,000,00013.0m $15.7m $15.7m 0.02% Unchanged
22 FMR LLC 0.00% of their portfolio BOSTON, MA 12,920,00012.9m $15.5m $15.5m 0.00% Reduced -800.0k -800,000
23 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 11,695,00011.7m $14.0m $14.0m 0.01% Added +5.9m +5,900,000
24 Sculptor Capital LP 0.27% of their portfolio New York, NY 11,000,00011.0m $13.2m $13.2m 0.27% Reduced -14.0m -13,957,000
25 BlackRock Inc. 0.00% of their portfolio New York, NY 8,600,0008.6m $10.3m $10.3m 0.00% Added +300.0k +300,000
26 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 7,195,0007.2m $8.6m $8.6m 0.00% New
27 Skaana Management L.P. 3.18% of their portfolio BROOKLYN, NY 7,000,0007.0m $8.4m $8.4m 3.18% Added +3.5m +3,500,000
28 Nuveen Asset Management, LLC 0.00% of their portfolio CHICAGO, IL 6,000,0006.0m $7.2m $7.2m 0.00% Reduced -19.0m -19,000,000
29 CSS LLC/IL 0.49% of their portfolio CHICAGO, IL 5,540,0005.5m $6.6m $6.6m 0.49% Reduced -10.0m -10,000,000
30 SSI INVESTMENT MANAGEMENT LLC 0.47% of their portfolio Los Angeles, CA 5,077,0005.1m $6.1m $6.1m 0.47% Reduced -9.4m -9,354,000
31 Elliott Investment Management L.P. 0.06% of their portfolio WEST PALM BEACH, FL 5,000,0005.0m $6.0m $6.0m 0.06% Unchanged
32 Pinpoint Asset Management Ltd 0.85% of their portfolio HONG KONG, K3 5,000,0005.0m $6.0m $6.0m 0.85% Unchanged
33 Man Group plc 0.01% of their portfolio LONDON, X0 4,390,0004.4m $5.3m $5.3m 0.01% Added +2.2m +2,240,000
34 Warberg Asset Management LLC 1.29% of their portfolio WINNETKA, IL 4,066,0004.1m $4.9m $4.9m 1.29% Added +4.0m +4,050,000
35 DeepCurrents Investment Group LLC 0.19% of their portfolio NEW YORK, NY 4,000,0004.0m $4.8m $4.8m 0.19% Unchanged
36 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 2,526,0002.5m $3.2m $3.2m 0.00% Reduced -21.4m -21,446,000
37 RPO LLC 3.64% of their portfolio Stamford, CT 2,000,0002.0m $2.4m $2.4m 3.64% New
38 MIZUHO SECURITIES USA LLC 0.05% of their portfolio NEW YORK, NY 1,862,0001.9m $2.2m $2.2m 0.05% New
39 SHENKMAN CAPITAL MANAGEMENT INC 0.18% of their portfolio NEW YORK, NY 1,750,0001.8m $2.1m $2.1m 0.18% Unchanged
40 Jefferies Financial Group Inc. 0.04% of their portfolio NEW YORK, NY 1,545,0001.5m $1.8m $1.8m 0.04% New
41 Verition Fund Management LLC 0.01% of their portfolio GREENWICH, CT 1,264,0001.3m $1.5m $1.5m 0.01% Unchanged
42 EDMOND DE ROTHSCHILD HOLDING S.A. 0.02% of their portfolio CHAMBESY, V8 975,000975.0k $1.2m $1.2m 0.02% Reduced -30.0k -30,000
43 BOOTHBAY FUND MANAGEMENT, LLC 0.03% of their portfolio NEW YORK, NY 900,000900.0k $1.1m $1.1m 0.03% New
44 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 400,000400.0k $480.5k $480.5k 0.00% Unchanged
45 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 300,000300.0k $360.4k $360.4k 0.00% Unchanged
46 Central Pacific Bank - Trust Division 0.02% of their portfolio HONOLULU, HI 153,000153.0k $183.2k $183.2k 0.02% Reduced -530.0k -530,000
47 Calamos Wealth Management LLC 0.01% of their portfolio NAPERVILLE, IL 115,000115.0k $138.7k $138.7k 0.01% New
48 KBC Group NV 0.00% of their portfolio Brussels, C9 100,000100.0k $120.0k $120.0k 0.00% Unchanged
49 Context Capital Management, LLC 1.96% of their portfolio LAJOLLA, CA 45,40245.4k $54.5m $54.5m 1.96% Reduced -8.0k -8,000
50 FIRST HAWAIIAN BANK 0.00% of their portfolio HONOLULU, HI 44,00044.0k $52.7k $52.7k 0.00% Reduced -222.0k -222,000
51 INSIGNEO ADVISORY SERVICES, LLC 0.00% of their portfolio MIAMI, FL 31,00031.0k $35.6k $35.6k 0.00% New
52 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 28,00028.0k $33.5k $33.5k 0.00% New
53 SG Americas Securities, LLC 0.01% of their portfolio NEW YORK, NY 15,40015.4k $1.9m $1.9m 0.01% New
54 Virtus Investment Advisers, LLC 0.02% of their portfolio HARTFORD, CT 15,00015.0k $18.0k $18.0k 0.02% Unchanged
55 K2 PRINCIPAL FUND, L.P. 2.71% of their portfolio TORONTO, A6 10,20010.2k $12.3m $12.3m 2.71% Unchanged
56 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 6,0006.0k $7.6k $7.6k 0.00% Unchanged
57 ROTHSCHILD INVESTMENT LLC 0.00% of their portfolio CHICAGO, IL 3,0003.0k $3.6k $3.6k 0.00% New
58 UBS Group AG 0.00% of their portfolio ZURICH, V8 1,0001.0k $1.2k $1.2k 0.00% New
59 NOMURA HOLDINGS INC 0.00% of their portfolio TOKYO, M0 206206 $283.5k $283.5k 0.00% Reduced -3.6k -3,650
60 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged
61 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 00 $1.2m $1.2m 0.00% Reduced -10.0m -10,000,000