# Strategy (MSTR): value investors who own it | moatshark

2 value investors held Strategy in their Q3 2026 13F, led by Miller Value Partners, Horizon Kinetics.

## 13F holders

| Manager | Portfolio | Value | Change | Quarters held |
| --- | --- | --- | --- | --- |
| Miller Value Partners | 1.0% | $4.4m | Trimmed -3.6% | 8 |
| Horizon Kinetics | 0.1% | $11.3m | Trimmed -6.8% | 24 |

## Directors buying and selling (Form 4, last 12 months)

| Date | Who | Role | Bought or sold | Shares | Value |
| --- | --- | --- | --- | --- | --- |
| 2026-10-09 | Patten Jarrod M | Director | Sold | 450 | $71k |
| 2026-10-09 | Patten Jarrod M | Director | Sold | 450 | $70k |
| 2026-10-09 | Patten Jarrod M | Director | Sold | 450 | $70k |
| 2026-10-08 | Patten Jarrod M | Director | Sold | 950 | $143k |
| 2026-10-08 | Patten Jarrod M | Director | Sold | 450 | $68k |
| 2026-09-22 | Patten Jarrod M | Director | Sold | 475 | $81k |
| 2026-09-21 | Patten Jarrod M | Director | Sold | 475 | $80k |
| 2026-09-21 | Patten Jarrod M | Director | Sold | 475 | $79k |
| 2026-09-21 | Patten Jarrod M | Director | Sold | 475 | $79k |
| 2026-09-04 | Chow Thomas C. | EVP & General Counsel | Sold | 106 | $15k |
| 2026-08-27 | Patten Jarrod M | Director | Sold | 925 | $121k |
| 2026-08-27 | Patten Jarrod M | Director | Sold | 925 | $119k |
| 2026-08-25 | Patten Jarrod M | Director | Sold | 925 | $117k |
| 2026-08-25 | Patten Jarrod M | Director | Sold | 925 | $116k |
| 2026-08-25 | Patten Jarrod M | Director | Sold | 925 | $115k |
| 2026-08-24 | Patten Jarrod M | Director | Sold | 925 | $113k |
| 2026-08-07 | Patten Jarrod M | Director | Sold | 1950 | $198k |
| 2026-08-07 | Patten Jarrod M | Director | Sold | 925 | $96k |
| 2026-08-07 | Patten Jarrod M | Director | Sold | 925 | $95k |
| 2026-07-27 | Patten Jarrod M | Director | Sold | 1950 | $192k |

Source: SEC filings, via moatshark (https://www.moatshark.com/s/mstr). Values traded and returns are estimates. Not investment advice. Built 2026-10-21.