Vault-13

STRATEGY INC MSTR 0.875 03.15.31

NOTE 0.875% 3/1 · US DOMESTIC · CUSIP 594972AL5

40 institutional holders +6 vs Q1 2025
300,000300.0k shares reported held*
$829.7mreported value*
11 new 8 added 11 reduced 4 sold out net bought ≈ $11.0m

* 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. Holder counts are more reliable. Implied quarter-end price ≈ $2765.54.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

02040Q1 25: 34Q2 25: 4040Q1 25Q2 25
Numbers
QuarterHolders
Q1 202534
Q2 202540

Biggest buyers

Point72 Asset Management, L.P. Added +13,000,000+13.0m
LORD, ABBETT & CO. LLC New +9,216,000+9.2m
Linden Advisors LP Added +8,624,000+8.6m
SSI INVESTMENT MANAGEMENT LLC New +8,202,000+8.2m
LMR Partners LLP Added +8,100,000+8.1m
Sculptor Capital LP New +7,500,000+7.5m
AMERIPRISE FINANCIAL INC New +6,500,000+6.5m
STATE STREET CORP Added +3,500,000+3.5m
JPMORGAN CHASE & CO New +3,065,000+3.1m
SUSQUEHANNA ADVISORS GROUP, INC. Added +2,500,000+2.5m

Biggest sellers

ARISTEIA CAPITAL, L.L.C. Reduced -22,309,000-22.3m
MILLENNIUM MANAGEMENT LLC Sold out -14,500,000-14.5m
BANK OF AMERICA CORP /DE/ Sold out -7,453,000-7.5m
CSS LLC/IL Reduced -5,000,000-5.0m
TORONTO DOMINION BANK Sold out -3,145,000-3.1m
CITIGROUP INC Sold out -2,936,000-2.9m
FRANKLIN RESOURCES INC Reduced -2,375,000-2.4m
GOLDMAN SACHS GROUP INC Reduced -2,254,000-2.3m
MORGAN STANLEY Reduced -1,325,000-1.3m
Skaana Management L.P. Reduced -1,250,000-1.2m

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 SUSQUEHANNA ADVISORS GROUP, INC. 0.11% of their portfolio BALA CYNWYD, PA 150,800,000150.8m $2.8m $2.8m 0.11% Added +2.5m +2,500,000
2 Linden Advisors LP 1.14% of their portfolio New York, NY 98,404,00098.4m $185.4m $185.4m 1.14% Added +8.6m +8,624,000
3 LMR Partners LLP 2.14% of their portfolio LONDON, X0 73,000,00073.0m $137.3m $137.3m 2.14% Added +8.1m +8,100,000
4 Calamos Advisors LLC 0.25% of their portfolio NAPERVILLE, IL 30,876,00030.9m $58.5m $58.5m 0.25% Added +432.0k +432,000
5 Point72 Asset Management, L.P. 0.13% of their portfolio STAMFORD, CT 28,500,00028.5m $53.8m $53.8m 0.13% Added +13.0m +13,000,000
6 Lombard Odier Asset Management (USA) Corp 9.49% of their portfolio New York, NY 20,000,00020.0m $37.9m $37.9m 9.49% Unchanged
7 WHITEBOX ADVISORS LLC 0.67% of their portfolio MINNEAPOLIS, MN 13,096,00013.1m $24.7m $24.7m 0.67% Reduced -929.0k -929,000
8 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 12,027,00012.0m $22.8m $22.8m 0.00% Added +3.5m +3,500,000
9 CSS LLC/IL 1.24% of their portfolio CHICAGO, IL 10,400,00010.4m $19.6m $19.6m 1.24% Reduced -5.0m -5,000,000
10 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 10,000,00010.0m $18.8m $18.8m 0.01% Unchanged
11 LORD, ABBETT & CO. LLC 0.06% of their portfolio JERSEY CITY, NJ 9,216,0009.2m $17.4m $17.4m 0.06% New
12 WOLVERINE ASSET MANAGEMENT LLC 0.27% of their portfolio CHICAGO, IL 8,500,0008.5m $16.0m $16.0m 0.27% Unchanged
13 SSI INVESTMENT MANAGEMENT LLC 1.09% of their portfolio Los Angeles, CA 8,202,0008.2m $15.5m $15.5m 1.09% New
14 FMR LLC 0.00% of their portfolio BOSTON, MA 7,800,0007.8m $14.7m $14.7m 0.00% Unchanged
15 Sculptor Capital LP 0.23% of their portfolio New York, NY 7,500,0007.5m $14.2m $14.2m 0.23% New
16 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 6,500,0006.5m $12.2m $12.2m 0.00% New
17 ARISTEIA CAPITAL, L.L.C. 0.32% of their portfolio GREENWICH, CT 6,000,0006.0m $11.3m $11.3m 0.32% Reduced -22.3m -22,309,000
18 BlackRock, Inc. 0.00% of their portfolio New York, NY 5,825,0005.8m $11.0m $11.0m 0.00% Reduced -600.0k -600,000
19 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 5,090,0005.1m $9.6m $9.6m 0.00% Reduced -1.3m -1,325,000
20 TENOR CAPITAL MANAGEMENT Co., L.P. 0.13% of their portfolio NEW YORK, NY 5,000,0005.0m $9.4m $9.4m 0.13% Unchanged
21 683 Capital Management, LLC 0.95% of their portfolio NEW YORK, NY 5,000,0005.0m $9.4m $9.4m 0.95% Unchanged
22 Greenland Capital Management LP 0.98% of their portfolio NEW YORK, NY 4,000,0004.0m $7.6m $7.6m 0.98% Unchanged
23 PALISADE CAPITAL MANAGEMENT, LP 0.19% of their portfolio FORT LEE, NJ 3,650,0003.6m $6.9m $6.9m 0.19% Unchanged
24 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 3,065,0003.1m $5.8m $5.8m 0.00% New
25 Skaana Management L.P. 1.85% of their portfolio BROOKLYN, NY 2,250,0002.2m $4.3m $4.3m 1.85% Reduced -1.2m -1,250,000
26 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 2,195,0002.2m $4.1m $4.1m 0.00% Reduced -2.4m -2,375,000
27 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 1,600,0001.6m $3.0m $3.0m 0.00% Reduced -100.0k -100,000
28 AGF MANAGEMENT LTD 0.01% of their portfolio TORONTO, A6 1,400,0001.4m $2.6m $2.6m 0.01% New
29 Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio FRANKFURT AM MAIN, 2M 1,150,0001.1m $2.2m $2.2m 0.00% Added +1.0m +1,000,000
30 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 811,000811.0k $1.5m $1.5m 0.00% Reduced -1.1m -1,093,000
31 ADVENT CAPITAL MANAGEMENT /DE/ 0.03% of their portfolio NEW YORK, NY 741,000741.0k $1.4m $1.4m 0.03% New
32 Central Pacific Bank - Trust Division 0.15% of their portfolio HONOLULU, HI 606,000606.0k $1.1m $1.1m 0.15% New
33 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 300,000300.0k $563.4k $563.4k 0.00% Unchanged
34 Calamos Wealth Management LLC 0.01% of their portfolio NAPERVILLE, IL 142,000142.0k $269.2k $269.2k 0.01% New
35 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 66,00066.0k $124.4k $124.4k 0.00% Reduced -2.3m -2,254,000
36 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 50,00050.0k $94.3k $94.3k 0.00% Reduced -988.0k -988,000
37 Context Capital Management, LLC 2.50% of their portfolio LAJOLLA, CA 39,14939.1k $74.0m $74.0m 2.50% Added +349 +349
38 Stonegate Investment Group, LLC 0.00% of their portfolio BIRMINGHAM, AL 18,00018.0k $33.9k $33.9k 0.00% New
39 Rokos Capital Management LLP 0.20% of their portfolio LONDON, X0 6,5006.5k $11.8m $11.8m 0.20% New
40 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged