IP Strategy Holdings, Inc. (IPST) shareholders
IPSTNasdaqBeveragesFiscal year ends December 31
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Oct 23, 2026Score 9/3094% below fair value
$2.10−0.07 (-3.23%)
Close on Nov 11, 2026Market cap $2.09MP/E –Yield 0.00%
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
6.5%
0M of 1M shares
Institutional holders
13
12 new, 1 sold out
Net institutional buying
0M
In Q2 2026
Insider trades, 12 months
0 buys · 0 sales
Open-market trades only
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| C/M Capital Partners, LP Joint filing with C/M Capital Master Fund, LP (9.20%), Thomas Walsh (9.20%) and 1 more | 2,217,872 | 9.20% | 13G (passive) | Jul 28, 2025 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of IPST | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| Arrington Capital Management, LLC | 20,685 | 2.08% | $48.61K | New | 0.03% |
| Susquehanna International Group, Llp | 17,783 | 1.79% | $41.79K | New | 0.00% |
| Citadel Advisors LLC | 12,574 | 1.26% | $29.55K | New | 0.00% |
| Vanguard Capital Management LLC | 5,076 | 0.51% | $11.93K | New | 0.00% |
| a16z Capital Management, L.L.C. | 4,137 | 0.42% | $9.72K | New | 0.00% |
| Vanguard Fiduciary Trust Co | 2,356 | 0.24% | $5.54K | New | 0.00% |
| Tower Research Capital LLC (TRC) | 1,057 | 0.11% | $2.48K | New | 0.00% |
| Vanguard Global Advisers, LLC | 336 | 0.03% | $790 | New | 0.00% |
| Morgan Stanley | 310 | 0.03% | $729 | New | 0.00% |
| BlackRock, Inc. | 31 | 0.00% | $73 | New | 0.00% |
| Barclays PLC | 15 | 0.00% | $35 | New | 0.00% |
| Harbour Investments, Inc. | 6 | 0.00% | $14 | – | 0.00% |
| Caitong International Asset Management Co., Ltd | 1 | 0.00% | $2 | New | 0.00% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 13 | 0M | 6.5% | 12 / 0 | 0 / 1 | 0M | 0M |
| Q1 2026 | 2 | 0M | 0.0% | 2 / 0 | 0 / 0 | 0M | 0M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of IPST | Value | % of fund | As of |
|---|---|---|---|---|---|
| Vanguard Extended Market Index Fund | 5,076 | 0.51% | $11.93K | 0.00% | Jun 30, 2026 |
| Fidelity Extended Market Index Fund | 3,225 | 0.32% | $15.54K | 0.00% | May 31, 2026 |
| Fidelity Series Total Market Index Fund | 668 | 0.07% | $3.22K | 0.00% | May 31, 2026 |
| Fidelity Total Market Index Fund | 627 | 0.06% | $3.02K | 0.00% | May 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Jennifer D. H. Stiefel | President & Secretary, Director | 7,484 | 0.75% | Nov 4, 2026 |
| Justin B. Stiefel | CEO & Treasurer, Director | 7,484 | 0.75% | Nov 4, 2026 |
| Michael Carrosino | EVP of Finance & CFO | 4,363 | 0.44% | Nov 4, 2026 |
| Beth A. Marker | SVP of Tribal Partnerships | 527 | 0.05% | Oct 5, 2026 |
| Danielle B. Perkins | SVP of Wholesale Operations | 503 | 0.05% | Oct 5, 2026 |
| Brian C. Jun | Director | – | – | Apr 17, 2026 |
| Andrew M. Varga | Director | 454,500 | 45.64% | Sep 22, 2025 |
| Matthew J. Swann | Director | 119,065 | 11.96% | Aug 19, 2025 |
| Jeffrey P. Wensel | Director | 151,443 | 15.21% | May 27, 2025 |
| Christopher H. Smith | Director | 104,500 | 10.49% | May 27, 2025 |
| Eric S. Trevan | Director | 107,394 | 10.78% | May 27, 2025 |
| Troy Alstead | Director | 114,500 | 11.50% | May 27, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Jennifer D. H. Stiefel President & Secretary, Director | Nov 2, 2026 | Tax withholding | −433 | $2.22 | $961 | 5,934 |
| Jennifer D. H. Stiefel President & Secretary, Director | Nov 2, 2026 | Option exercise | +1,458 | – | – | 6,367 |
| Jennifer D. H. Stiefel President & Secretary, Director | Nov 2, 2026 | Tax withholding | −62 | $2.22 | $138 | 1,550 |
| Jennifer D. H. Stiefel President & Secretary, Director | Nov 2, 2026 | Option exercise | +208 | – | – | 1,612 |
| Justin B. Stiefel CEO & Treasurer, Director | Nov 2, 2026 | Tax withholding | −62 | $2.22 | $138 | 1,550 |
| Justin B. Stiefel CEO & Treasurer, Director | Nov 2, 2026 | Option exercise | +208 | – | – | 1,612 |
| Justin B. Stiefel CEO & Treasurer, Director | Nov 2, 2026 | Tax withholding | −433 | $2.22 | $961 | 5,934 |
| Justin B. Stiefel CEO & Treasurer, Director | Nov 2, 2026 | Option exercise | +1,458 | – | – | 6,367 |
| Michael Carrosino EVP of Finance & CFO | Nov 2, 2026 | Tax withholding | −330 | $2.22 | $733 | 4,363 |
| Michael Carrosino EVP of Finance & CFO | Nov 2, 2026 | Option exercise | +1,111 | – | – | 4,693 |
| Beth A. Marker SVP of Tribal Partnerships | Oct 2, 2026 | Tax withholding | −28 | $3.08 | $86 | 527 |
| Beth A. Marker SVP of Tribal Partnerships | Oct 2, 2026 | Option exercise | +94 | – | – | 555 |
| Danielle B. Perkins SVP of Wholesale Operations | Oct 2, 2026 | Tax withholding | −39 | $3.08 | $120 | 503 |
| Danielle B. Perkins SVP of Wholesale Operations | Oct 2, 2026 | Option exercise | +94 | – | – | 542 |
| Justin B. Stiefel CEO & Treasurer, Director | Aug 2, 2026 | Tax withholding | −62 | $2.16 | $134 | 1,404 |
| Justin B. Stiefel CEO & Treasurer, Director | Aug 2, 2026 | Option exercise | +1,459 | – | – | 5,342 |
| Justin B. Stiefel CEO & Treasurer, Director | Aug 2, 2026 | Tax withholding | −433 | $2.16 | $935 | 4,909 |
| Justin B. Stiefel CEO & Treasurer, Director | Aug 2, 2026 | Option exercise | +209 | – | – | 1,466 |
| Michael Carrosino EVP of Finance & CFO | Aug 2, 2026 | Tax withholding | −38 | $2.16 | $82 | 2,801 |
| Michael Carrosino EVP of Finance & CFO | Aug 2, 2026 | Option exercise | +1,111 | – | – | 3,912 |
| Michael Carrosino EVP of Finance & CFO | Aug 2, 2026 | Tax withholding | −330 | $2.16 | $713 | 3,582 |
| Michael Carrosino EVP of Finance & CFO | Aug 2, 2026 | Option exercise | +125 | – | – | 2,839 |
| Jennifer D. H. Stiefel President & Secretary, Director | Aug 2, 2026 | Tax withholding | −433 | $2.16 | $935 | 4,909 |
| Jennifer D. H. Stiefel President & Secretary, Director | Aug 2, 2026 | Option exercise | +209 | – | – | 1,466 |
| Jennifer D. H. Stiefel President & Secretary, Director | Aug 2, 2026 | Tax withholding | −62 | $2.16 | $134 | 1,404 |
| Jennifer D. H. Stiefel President & Secretary, Director | Aug 2, 2026 | Option exercise | +1,459 | – | – | 5,342 |
| Danielle B. Perkins SVP of Wholesale Operations | Jul 2, 2026 | Tax withholding | −39 | $2.48 | $97 | 448 |
| Danielle B. Perkins SVP of Wholesale Operations | Jul 2, 2026 | Option exercise | +94 | – | – | 487 |
| Beth A. Marker SVP of Retail Operations | Jul 2, 2026 | Tax withholding | −28 | $2.48 | $69 | 461 |
| Beth A. Marker SVP of Retail Operations | Jul 2, 2026 | Option exercise | +94 | – | – | 489 |
| Jennifer D. H. Stiefel President & Secretary, Director | May 2, 2026 | Tax withholding | −433 | $5.50 | $2.38K | 3,883 |
| Jennifer D. H. Stiefel President & Secretary, Director | May 2, 2026 | Option exercise | +1,458 | – | – | 4,316 |
| Jennifer D. H. Stiefel President & Secretary, Director | May 2, 2026 | Tax withholding | −62 | $5.50 | $341 | 1,257 |
| Jennifer D. H. Stiefel President & Secretary, Director | May 2, 2026 | Option exercise | +208 | – | – | 1,319 |
| Michael Carrosino EVP of Finance & CFO | May 2, 2026 | Tax withholding | −38 | $5.50 | $209 | 1,933 |
| Michael Carrosino EVP of Finance & CFO | May 2, 2026 | Option exercise | +1,111 | – | – | 3,044 |
| Michael Carrosino EVP of Finance & CFO | May 2, 2026 | Tax withholding | −330 | $5.50 | $1.82K | 2,714 |
| Michael Carrosino EVP of Finance & CFO | May 2, 2026 | Option exercise | +125 | – | – | 1,971 |
| Justin B. Stiefel CEO & Treasurer, Director | May 2, 2026 | Tax withholding | −433 | $5.50 | $2.38K | 3,883 |
| Justin B. Stiefel CEO & Treasurer, Director | May 2, 2026 | Option exercise | +208 | – | – | 1,319 |
| Justin B. Stiefel CEO & Treasurer, Director | May 2, 2026 | Tax withholding | −62 | $5.50 | $341 | 1,257 |
| Justin B. Stiefel CEO & Treasurer, Director | May 2, 2026 | Option exercise | +1,458 | – | – | 4,316 |
| Danielle B. Perkins SVP of Wholesale Operations | Apr 2, 2026 | Option exercise | +1,875 | – | – | 8,648 |
| Danielle B. Perkins SVP of Wholesale Operations | Apr 2, 2026 | Tax withholding | −773 | $0.24 | $186 | 7,875 |
| Beth A. Marker SVP of Retail Operations | Apr 2, 2026 | Option exercise | +1,875 | – | – | 8,496 |
| Beth A. Marker SVP of Retail Operations | Apr 2, 2026 | Tax withholding | −556 | $0.24 | $133 | 7,940 |
| Jennifer D. H. Stiefel President & Secretary, Director | Feb 2, 2026 | Option exercise | +8,333 | – | – | 24,724 |
| Jennifer D. H. Stiefel President & Secretary, Director | Feb 2, 2026 | Tax withholding | −17,296 | $1.08 | $18.68K | 57,186 |
| Jennifer D. H. Stiefel President & Secretary, Director | Feb 2, 2026 | Tax withholding | −2,471 | $1.08 | $2.67K | 22,253 |
| Jennifer D. H. Stiefel President & Secretary, Director | Feb 2, 2026 | Option exercise | +58,333 | – | – | 74,482 |
| Justin B. Stiefel CEO & Treasurer, Director | Feb 2, 2026 | Tax withholding | −17,296 | $1.08 | $18.68K | 57,186 |
| Justin B. Stiefel CEO & Treasurer, Director | Feb 2, 2026 | Option exercise | +8,333 | – | – | 24,724 |
| Justin B. Stiefel CEO & Treasurer, Director | Feb 2, 2026 | Tax withholding | −2,471 | $1.08 | $2.67K | 22,253 |
| Justin B. Stiefel CEO & Treasurer, Director | Feb 2, 2026 | Option exercise | +58,333 | – | – | 74,482 |
| Michael Carrosino EVP of Finance & CFO | Feb 2, 2026 | Tax withholding | −2,224 | $1.08 | $2.40K | 26,522 |
| Michael Carrosino EVP of Finance & CFO | Feb 2, 2026 | Option exercise | +14,812 | – | – | 41,334 |
| Michael Carrosino EVP of Finance & CFO | Feb 2, 2026 | Tax withholding | −4,392 | $1.08 | $4.74K | 36,942 |
| Michael Carrosino EVP of Finance & CFO | Feb 2, 2026 | Option exercise | +7,500 | – | – | 28,746 |
| Beth A. Marker SVP of Retail Operations | Feb 2, 2026 | Option exercise | +1,875 | – | – | 7,177 |
| Beth A. Marker SVP of Retail Operations | Feb 2, 2026 | Tax withholding | −556 | $1.08 | $600 | 6,621 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Short interest
Shares sold short and not yet bought back, as of Oct 30, 2026 (FINRA, reported twice a month)
Short % of shares outstanding
10.21%
0M shares short
Days to cover
1.0
At 2M shares a day
Change since last report
+498.7%
From 0M shares
Short volume, 20 days
59.5%
Of volume reported to FINRA
Shares sold short, last 12 months
Short sale volume counts trades marked short on any given day, including market-maker hedging, so it runs far higher than the share of IP Strategy's stock actually held short. Settlement fails (shares not delivered on time) peaked at 186,750 shares on Aug 18, 2026 over the last 90 days.
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