Louisiana state pension raises Strategy stake to $3.52 million

The Louisiana State Employees’ Retirement System, better known as LASERS, now holds 23,000 shares of Strategy Inc. That position was worth $3.52 million as of September 30, 2026. Three quarters of steady buying LASERS added 1,700 Strategy shares during the third quarter of 2026. Earlier in the year, it bought 700 shares in the second quarter and 2,700 shares in the first. The more eye-catching number is the valuation jump. At the end of June 2026, the stake was valued at $1.85 million. By the end of September, it had reached $3.52 million. Most of that gain came from Strategy’s stock price climbing, not from LASERS buying more shares. Strategy trades on the Nasdaq under the ticker MSTR. The holdings data comes from LASERS’ quarterly 13F filings, the disclosures large US institutional investors use to report their stock positions. How LASERS got here Strategy first showed up in LASERS’ 13F filings at the end of 2024. The fund’s opening position was 13,400 shares. LASERS trimmed its Strategy holdings in the fourth quarter of 2025 before resuming purchases in 2026. Strategy itself is a strange beast for a pension portfolio. The company, formerly called MicroStrategy, still sells enter...