The cluster is small in absolute dollar terms ($11.5M total holdings) relative to MSTR's market cap, limiting signal strength. Monitor next 13F for whether these positions were held or reversed given MSTR's post-Q3 volatility.
Executive Summary
Four asset managers accumulated $9.2M in MSTR during Q3 2026, led by Concurrent Investment Advisors and Wealth Enhancement Advisory Services, while Nisa Investment Advisors trimmed a small $180K position.
Key Financial Metrics
Institutional Positions
Net institutional flow: $9.0M
▲ Buyers (4)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Wealth Enhancement Advisory Services | ADD | +78.9% | $5.6M | $3.6M |
| Concurrent Investment Advisors | DOUBLED | +894.1% | $5.7M | $5.4M |
| Assetmark | DOUBLED | +254.8% | $177.0K | $148.0K |
| Mather Group | DOUBLED | +1166.7% | $6.0K | $6.0K |
▼ Sellers (1)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Nisa Investment Advisors | TRIM | -51.3% | $1.3M | -$180.0K |
Key Facts
- 4 buyers added $9.2M in aggregate; 1 seller trimmed $180K
- Concurrent Investment Advisors doubled its position (+894% shares) to $5.7M
- Wealth Enhancement Advisory Services added 78.9% to a $5.6M position
- Nisa Investment Advisors cut 51.3% of its stake, reducing value by $180K
- All participants are asset managers (active), not passive/index funds
Financial Impact
4 institutions accumulated $9.2M in new MSTR positions while 1 reduced holdings by $180K, for net buying of $9.0M
Risk Factors
- 13F data is 45+ days stale; positions may have been unwound
- Aggregate buying of $9.2M is immaterial relative to MSTR's multi-billion market cap
Investment Themes
Documents Analyzed
This report is based on 1 institutional 13F filing from SEC EDGAR.
| Document | Accession Number |
|---|---|
| INST-CLUSTER Data (Synthetic) | inst-cluster-MSTR-2026-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | DEFA14A | $139.82 | awaiting T+5 | — | — |
Oct 26, 2026 today | 8-K | $143.54 | awaiting T+5 | — | — |
Oct 21, 2026 5d ago | Institutional Cluster | $145.80 | awaiting T+5 | — | — |
Oct 20, 2026 6d ago | DEFA14A | $153.48 | awaiting T+5 | — | — |
Oct 20, 2026 6d ago | DEFA14A | $142.72 | awaiting T+5 | — | — |
Oct 19, 2026 7d ago | DEFA14A | $142.72 | awaiting T+5 | — | — |
Oct 19, 2026 7d ago | DEFA14A | $136.02 $139.82 | ▲ +2.79% | ▲ +2.94% | — |
Oct 19, 2026 7d ago | 8-K | $136.02 $139.82 | ▲ +2.79% | ▲ +2.94% | — |
Oct 16, 2026 10d ago | DEFA14A | $136.02 $139.82 | ▲ +2.79% | ▲ +2.94% | — |
Oct 16, 2026 10d ago | DEFA14A | $136.83 $146.01 | ▲ +6.71% | ▲ +7.14% | — |
US Market Status
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