Murray Stahl's MSTR Position Overview
Murray Stahl (via Horizon Kinetics Asset Management LLC) currently holds 139,377 shares of Strategy Inc (MSTR) worth $21.18 M, representing 0.29% of the portfolio. First purchased in 2020-Q3, this long-term strategic position has been held for 22 quarters.
Based on 13F filings, Murray Stahl has maintained a strategic position in MSTR, demonstrating sustained confidence in this investment. Largest addition occurred in Q4 2020, adding 81,110 shares. Largest reduction occurred in Q4 2024, reducing 27,590 shares.
Analysis based on 13F filings available since 2013 Q2
Murray Stahl's Strategy (MSTR) Holding Value Over Time
Track share changes against reported price movement
Quarterly Strategy (MSTR) Trades by Murray Stahl
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q3 2020 | +25,340 | New Buy | 25,340 | $15.07 |
| Q4 2020 | +81,110 | Add 320.09% | 106,450 | $38.85 |
| Q1 2021 | +6,300 | Add 5.92% | 112,750 | $67.88 |
| Q2 2021 | +11,190 | Add 9.92% | 123,940 | $66.45 |
| Q3 2021 | -2,510 | Reduce 2.03% | 121,430 | $57.84 |
| Q4 2021 | +860 | Add 0.71% | 122,290 | $54.45 |
| Q1 2022 | +980 | Add 0.80% | 123,270 | $48.63 |
| Q2 2022 | +60,200 | Add 48.84% | 183,470 | $16.43 |
| Q3 2022 | +7,220 | Add 3.94% | 190,690 | $21.23 |
| Q4 2022 | +8,420 | Add 4.42% | 199,110 | $14.16 |
| Q1 2023 | +340 | Add 0.17% | 199,450 | $29.23 |
| Q2 2023 | -260 | Reduce 0.13% | 199,190 | $34.24 |
| Q3 2023 | -1,460 | Reduce 0.73% | 197,730 | $32.83 |
| Q4 2023 | +1,730 | Add 0.87% | 199,460 | $63.16 |
| Q1 2024 | -9,780 | Reduce 4.90% | 189,680 | $170.46 |
| Q2 2024 | -1,320 | Reduce 0.70% | 188,360 | $137.75 |
| Q3 2024 | +4,545 | Add 2.41% | 192,905 | $168.60 |
| Q4 2024 | -27,590 | Reduce 14.30% | 165,315 | $289.62 |
| Q1 2025 | -3,820 | Reduce 2.31% | 161,495 | $288.27 |
| Q2 2025 | -15,996 | Reduce 9.90% | 145,499 | $404.23 |
| Q3 2025 | -7,011 | Reduce 4.82% | 138,488 | $322.21 |
| Q4 2025 | +889 | Add 0.64% | 139,377 | $151.95 |
Murray Stahl's Strategy Investment FAQs
Murray Stahl first purchased Strategy Inc (MSTR) in Q3 2020, acquiring 25,340 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Murray Stahl has held Strategy Inc (MSTR) for 22 quarters since Q3 2020.
Murray Stahl's largest addition to Strategy Inc (MSTR) was in Q4 2020, adding 106,450 shares worth $4.14 M.
According to the latest 13F filing for Q4 2025, Murray Stahl's firm, Horizon Kinetics Asset Management LLC, owns 139,377 shares of Strategy Inc (MSTR), valued at approximately $21.18 M.
As of the Q4 2025 filing, Strategy Inc (MSTR) represents approximately 0.29% of Murray Stahl's publicly disclosed stock portfolio, making it one of their key holdings.
Murray Stahl's peak holding in Strategy Inc (MSTR) was 199,460 shares, as reported at the end of Q4 2023.