STRATEGY INC

CUSIP: 594972AQ4 Class: NOTE 0.625% 9/1

Holders for Q4 2025 Position Changes for Q4 2025

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

InstitutionSharesValue ($000)
Weiss Asset Management LP149,213,000$175,093
WOLVERINE ASSET MANAGEMENT LLC124,835,000$146,296
Sculptor Capital LP122,500,000$143,746
D. E. Shaw & Co., Inc.80,180,000$94,069
LMR Partners LLP65,000,000$75,806
BALYASNY ASSET MANAGEMENT L.P.53,510,000$62,672
DeepCurrents Investment Group LLC45,655,000$53,511
BNP PARIBAS ARBITRAGE, SA45,600,000$53,078
Hudson Bay Capital Management LP38,192,000$44,650
WHITEBOX ADVISORS LLC37,000,000$43,068
MILLENNIUM MANAGEMENT LLC32,500,000$38,049
TWO SIGMA INVESTMENTS, LP32,300,000$37,597
Mint Tower Capital Management B.V.26,600,000$31
HIGHBRIDGE CAPITAL MANAGEMENT LLC26,000,000$30,413
FMR LLC19,982,000$23,259
Jump Financial, LLC14,000,000$16,322
LINDEN ADVISORS LP10,843,000$12,673
MIZUHO SECURITIES USA LLC7,500,000$9,439
RPO LLC5,000,000$5,867
Greenland Capital Management LP5,000,000$5,876
ARISTEIA CAPITAL, L.L.C.4,750,000$5,553
CSS LLC/IL3,900,000$4,574
BOOTHBAY FUND MANAGEMENT, LLC3,750,000$4,400
DEUTSCHE BANK AG\3,115,000$3,626
Magnetar Financial LLC3,000,000$3,499
GOLDMAN SACHS GROUP INC2,032,000$2,365
RWC Asset Management LLP1,842,000$2,155
Universal- Beteiligungs- und Servicegesellschaft mbH1,500,000$1,781
Benefit Street Partners LLC540,000$629
Empowered Funds, LLC525,000$614
AQR Arbitrage LLC125,000$146
MORGAN STANLEY51,000$59
Total (32 institutions)966,540,000$1,100,917