MICROSTRATEGY INC

Ticker: MSTR CUSIP: 594972408 Class: EQTY

HERITAGE INVESTORS MANAGEMENT CORP's Holding History (CIK: 0000937589)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 21,909 Value ($000) $3 Avg Close $230.22 Range $151.42 - $365.21

Q3 2025

Shares 21,909 Value ($000) $7 Avg Close $371.01 Range $292.36 - $457.22

Q2 2025

Shares 22,015 Value ($000) $9 Avg Close $364.26 Range $235.93 - $430.35

Q1 2025

Shares 22,285 Value ($000) $6 Avg Close $317.51 Range $231.51 - $404.42

Q4 2024

Shares 22,220 Value ($000) $6 Avg Close $300.91 Range $157.02 - $543.00

Q3 2024

Shares 22,320 Value ($000) $4 Avg Close $142.97 Range $102.40 - $183.70

Q2 2024

Shares 2,243 Value ($000) $3 Avg Close $144.09 Range $101.00 - $174.00

Q1 2024

Shares 2,243 Value ($000) $4 Avg Close $91.17 Range $43.87 - $200.00

Q4 2023

Shares 3,186 Value ($000) $2 Avg Close $47.40 Range $30.71 - $68.94

Q3 2023

Shares 3,214 Value ($000) $1 Avg Close $37.65 Range $31.01 - $47.51

Q2 2023

Shares 3,218 Value ($000) $1 Avg Close $30.31 Range $26.60 - $35.27

Q1 2023

Shares 3,305 Value ($000) $1 Avg Close $24.41 Range $13.94 - $31.50

Q4 2022

Shares 3,306 Value ($000) $0 Avg Close $20.44 Range $13.26 - $29.00

Q3 2022

Shares 3,306 Value ($000) $702 Avg Close $25.08 Range $16.00 - $36.20

Q2 2022

Shares 3,306 Value ($000) $543 Avg Close $28.92 Range $13.41 - $50.86

Q1 2022

Shares 3,269 Value ($000) $1,590 Avg Close $43.28 Range $30.72 - $57.63

Q4 2021

Shares 3,269 Value ($000) $1,780 Avg Close $68.74 Range $52.88 - $89.14

Q3 2021

Shares 3,404 Value ($000) $1,969 Avg Close $64.12 Range $47.24 - $79.80

Q2 2021

Shares 3,404 Value ($000) $2,262 Avg Close $59.15 Range $41.16 - $88.21

Q1 2021

Shares 3,404 Value ($000) $2,311 Avg Close $70.64 Range $40.65 - $131.50

Q4 2020

Shares 3,404 Value ($000) $1,323 Avg Close $23.35 Range $14.52 - $40.00

Q3 2020

Shares 3,436 Value ($000) $517 Avg Close $13.52 Range $11.42 - $17.66

Q2 2020

Shares 3,134 Value ($000) $371 Avg Close $12.17 Range $10.86 - $13.13

Q1 2020

Shares 1,796 Value ($000) $212 Avg Close $13.58 Range $9.00 - $16.50

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	21,909	$3	$230.22	$151.42 - $365.21
Q3 2025	21,909	$7	$371.01	$292.36 - $457.22
Q2 2025	22,015	$9	$364.26	$235.93 - $430.35
Q1 2025	22,285	$6	$317.51	$231.51 - $404.42
Q4 2024	22,220	$6	$300.91	$157.02 - $543.00
Q3 2024	22,320	$4	$142.97	$102.40 - $183.70
Q2 2024	2,243	$3	$144.09	$101.00 - $174.00
Q1 2024	2,243	$4	$91.17	$43.87 - $200.00
Q4 2023	3,186	$2	$47.40	$30.71 - $68.94
Q3 2023	3,214	$1	$37.65	$31.01 - $47.51
Q2 2023	3,218	$1	$30.31	$26.60 - $35.27
Q1 2023	3,305	$1	$24.41	$13.94 - $31.50
Q4 2022	3,306	$0	$20.44	$13.26 - $29.00
Q3 2022	3,306	$702	$25.08	$16.00 - $36.20
Q2 2022	3,306	$543	$28.92	$13.41 - $50.86
Q1 2022	3,269	$1,590	$43.28	$30.72 - $57.63
Q4 2021	3,269	$1,780	$68.74	$52.88 - $89.14
Q3 2021	3,404	$1,969	$64.12	$47.24 - $79.80
Q2 2021	3,404	$2,262	$59.15	$41.16 - $88.21
Q1 2021	3,404	$2,311	$70.64	$40.65 - $131.50
Q4 2020	3,404	$1,323	$23.35	$14.52 - $40.00
Q3 2020	3,436	$517	$13.52	$11.42 - $17.66
Q2 2020	3,134	$371	$12.17	$10.86 - $13.13
Q1 2020	1,796	$212	$13.58	$9.00 - $16.50