SCHEDULE: Graham Capital Group Discloses 4.2% Stake in Strive, Inc.

Graham Capital Management, L.P. and its affiliates reported a combined beneficial ownership of 4.2% of Strive, Inc.'s Class A Common Stock, including warrants.

Summary

• Graham Capital Management, L.P., KGT, Inc., and Kenneth Tropin collectively beneficially own 25,750,452 shares of Strive, Inc. Class A Common Stock.
• This ownership represents 4.2% of the total Class A Common Stock outstanding.
• The reported ownership percentage includes the assumed exercise of warrants for an aggregate of 18,518,519 shares.
• Graham Macro Strategic Ltd. holds 21,887,884 shares, accounting for 3.6% of the class.
• Graham Credit Opportunities Ltd. holds 3,862,568 shares, accounting for 0.6% of the class.
• The ownership percentages are based on 592,579,510 shares of Common Stock outstanding as of November 7, 2025, as reported by Strive, Inc. in its Form 10-Q.

Sentiment

Score: 7

Explanation: The disclosure of a 4.2% beneficial ownership stake by a prominent investment group, including a substantial number of warrants, suggests a positive institutional interest in Strive, Inc.

Positives

• A significant institutional investment group, Graham Capital Management, L.P. and its affiliates, holds a substantial stake in Strive, Inc.
• The group's beneficial ownership, including warrants, totals 4.2% of the Class A Common Stock, indicating a notable commitment.

Future Outlook

NA

Management Comments

• The securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under Rule 240.14a-11.

Industry Context

NA

Stakeholder Impact

• Shareholders: Increased institutional ownership may be viewed positively, potentially signaling confidence in the company's prospects. The group's certification indicates they are not seeking to influence control, which might reassure existing management and shareholders about stability.

Key Dates

Recommendation

The filing indicates a significant institutional stake by Graham Capital Management and its affiliates, including warrants, which could be seen as a positive signal of confidence. However, a Schedule 13G primarily reports ownership and does not provide financial performance data or strategic updates from the company itself. Without additional information on Strive, Inc.'s financial health, operational performance, or market position, a definitive 'buy' or 'sell' recommendation cannot be made solely based on this ownership disclosure. Therefore, a 'hold' recommendation is appropriate, acknowledging the institutional interest while awaiting more comprehensive company-specific data.

Keywords

Strive Inc, Graham Capital Management, KGT Inc, Kenneth Tropin, Graham Macro Strategic, Graham Credit Opportunities, Class A Common Stock, beneficial ownership, Schedule 13G, institutional ownership, warrants, SEC filing