Cliff Asness's MSTR Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 12,520 shares of Strategy Inc (MSTR) worth $4.03 M, representing 0.00% of the portfolio. First purchased in 2012-Q4, this long-term strategic position has been held for 52 quarters.
Based on 13F filings since 2013, Cliff Asness has maintained a long-term strategic position in MSTR, representing a significant commitment to this investment thesis. Largest addition occurred in Q3 2017, adding 362,490 shares. Largest reduction occurred in Q3 2020, reducing 288,350 shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's Strategy (MSTR) Holding Value Over Time
Track share changes against reported price movement
Quarterly Strategy (MSTR) Trades by Cliff Asness
| Period | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2012 | +72,270 | Add 0.00% | 72,260 | $9.34 |
| Q2 2013 | +70,270 | Add 0.00% | 70,260 | $8.70 |
| Q3 2013 | -1,000 | Reduce 1.42% | 69,260 | $10.38 |
| Q1 2014 | +6,000 | Add 8.66% | 75,260 | $11.53 |
| Q2 2014 | +21,900 | Add 29.10% | 97,160 | $14.06 |
| Q3 2014 | +47,000 | Add 48.37% | 144,160 | $13.08 |
| Q4 2014 | -77,160 | Reduce 53.52% | 67,000 | $16.24 |
| Q1 2015 | +11,000 | Add 16.42% | 78,000 | $16.92 |
| Q2 2015 | +22,050 | Add 28.27% | 100,050 | $17.01 |
| Q3 2015 | +2,660 | Add 2.66% | 102,710 | $19.65 |
| Q4 2015 | +38,240 | Add 37.23% | 140,950 | $17.93 |
| Q1 2016 | +54,130 | Add 38.40% | 195,080 | $17.97 |
| Q2 2016 | -320 | Reduce 0.16% | 194,760 | $17.50 |
| Q3 2016 | -66,240 | Reduce 34.01% | 128,520 | $16.74 |
| Q4 2016 | -21,540 | Reduce 16.76% | 106,980 | $19.74 |
| Q1 2017 | +27,960 | Add 26.14% | 134,940 | $18.78 |
| Q2 2017 | +90,300 | Add 66.92% | 225,240 | $19.17 |
| Q3 2017 | +362,490 | Add 160.94% | 587,730 | $12.77 |
| Q4 2017 | +229,800 | Add 39.10% | 817,530 | $13.13 |
| Q1 2018 | +18,660 | Add 2.28% | 836,190 | $12.90 |
| Q2 2018 | -107,840 | Reduce 12.90% | 728,350 | $12.78 |
| Q3 2018 | +36,560 | Add 5.02% | 764,910 | $14.06 |
| Q4 2018 | -92,470 | Reduce 12.09% | 672,440 | $12.77 |
| Q1 2019 | +11,280 | Add 1.68% | 683,720 | $14.43 |
| Q2 2019 | -40,240 | Reduce 5.89% | 643,480 | $14.33 |
| Q3 2019 | -23,510 | Reduce 3.65% | 619,970 | $14.84 |
| Q4 2019 | -79,840 | Reduce 12.88% | 540,130 | $14.26 |
| Q1 2020 | -39,760 | Reduce 7.36% | 500,370 | $11.81 |
| Q2 2020 | -72,780 | Reduce 14.55% | 427,590 | $11.83 |
| Q3 2020 | -288,350 | Reduce 67.44% | 139,240 | $15.05 |
| Q4 2020 | -121,320 | Reduce 87.13% | 17,920 | $38.84 |
| Q1 2021 | -5,300 | Reduce 29.58% | 12,620 | $67.91 |
| Q2 2021 | +5,150 | Add 40.81% | 17,770 | $66.46 |
| Q3 2021 | +6,800 | Add 38.27% | 24,570 | $57.83 |
| Q4 2021 | -10,380 | Reduce 42.25% | 14,190 | $54.47 |
| Q1 2022 | -14,190 | Sold Out | 14,190 | $0.00 |
| Q2 2023 | +12,660 | New Buy | 12,660 | $34.24 |
| Q3 2023 | +5,490 | Add 43.36% | 18,150 | $32.83 |
| Q4 2023 | +15,090 | Add 83.14% | 33,240 | $63.16 |
| Q1 2024 | -5,010 | Reduce 15.07% | 28,230 | $170.46 |
| Q2 2024 | +16,770 | Add 59.40% | 45,000 | $137.75 |
| Q3 2024 | -36,292 | Reduce 80.65% | 8,708 | $168.61 |
| Q4 2024 | +6,448 | Add 74.05% | 15,156 | $289.62 |
| Q1 2025 | -1,311 | Reduce 8.65% | 13,845 | $280.82 |
| Q2 2025 | +8,724 | Add 63.01% | 22,569 | $391.33 |
| Q3 2025 | -10,049 | Reduce 44.53% | 12,520 | $322.21 |
Cliff Asness's Strategy Investment FAQs
Cliff Asness first purchased Strategy Inc (MSTR) in Q4 2012, acquiring 72,260 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness has held Strategy Inc (MSTR) for 52 quarters since Q4 2012. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness's largest addition to Strategy Inc (MSTR) was in Q3 2017, adding 587,730 shares worth $7.51 M. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
According to the latest 13F filing for Q3 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 12,520 shares of Strategy Inc (MSTR), valued at approximately $4.03 M. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
As of the Q3 2025 filing, Strategy Inc (MSTR) represents approximately 0.00% of Cliff Asness's publicly disclosed stock portfolio, making it one of their key holdings. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness's peak holding in Strategy Inc (MSTR) was 836,190 shares, as reported at the end of Q1 2018. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.