Spectral AI, Inc. - Common stock, par value $0.0001 per share (MDAI) Institutional Ownership

13F Institutional Holders and Ownership History from Q3 2023 to Q4 2025

Type / Class
Equity / Common stock, par value $0.0001 per share
Symbol
MDAI on Nasdaq
Shares outstanding
25,714,286
Price per share
$1.42
All holders as of 30 Sep 2025
Q3 2025
Total 13F shares
2,937,106
Total reported value
$6,694,012
% of total 13F portfolios
0%
Share change
-867,516
Value change
-$2,144,577
Number of holders
24
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors

Significant Owners of Spectral AI, Inc. - Common stock, par value $0.0001 per share (MDAI) based on Schedule 13D/G filings

Filer Ownership Change % Holdings Value Net Change Nb Shares Change % Reporting Name Report Period
HIRSCH LAURENCE E 3.5% $2,574,000 900,000 Laurence E. Hirsch 13 Aug 2025

As of 30 Sep 2025, 24 institutional investors reported holding 2,937,106 shares of Spectral AI, Inc. - Common stock, par value $0.0001 per share (MDAI). This represents 11% of the company’s total 25,714,286 outstanding shares.

Top 25 Institutional Shareholders

The largest institutional shareholders of Spectral AI, Inc. - Common stock, par value $0.0001 per share (MDAI) together control 11% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.

Institution Ownership % Shares Held Share Change % Portfolio % Holdings Value
Highlander Partners, L.P. 3.5% 900,000 0% 0.72% $2,052,000
VANGUARD GROUP INC 2.4% 613,272 -1.6% 0% $1,398,260
UNIVERSITY OF TEXAS/TEXAS AM INVESTMENT MANAGEMENT CO 0.82% 210,488 0% 0.07% $479,913
BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.77% 199,000 +14% 0.01% $453,720
UBS Group AG 0.72% 185,642 +7.2% 0% $423,264
GEODE CAPITAL MANAGEMENT, LLC 0.71% 181,961 +19% 0% $414,957
MARSHALL WACE, LLP 0.57% 145,482 +246% 0% $331,698
BlackRock, Inc. 0.42% 107,871 +167% 0% $245,946
Rathbones Group PLC 0.35% 89,178 -79% 0% $203,325
DNB ASSET MANAGEMENT AS 0.29% 73,705 +71% 0% $168,047
Forum Financial Management, LP 0.24% 60,501 +149% 0% $137,943
Shay Capital LLC 0.16% 40,863 -18% 0.02% $93,168
STATE STREET CORP 0.15% 39,600 0% 0% $90,288
NORTHERN TRUST CORP 0.12% 31,305 0% 0% $71,375
RAYMOND JAMES FINANCIAL INC 0.05% 12,800 +1180% 0% $29,184
Philip James Wealth Mangement, LLC 0.05% 12,000 0% $27,360
Quadrature Capital Ltd 0.05% 11,926 0% $27,311
MORGAN STANLEY 0.03% 8,612 -10% 0% $19,635
OSAIC HOLDINGS, INC. 0.03% 7,980 -27% 0% $15,401
Westside Investment Management, Inc. 0.01% 2,650 0% 0% $6,042
NewEdge Advisors, LLC 0.01% 1,700 0% 0% $3,876
FEDERATED HERMES, INC. 0% 451 0% $1,028
BANK OF AMERICA CORP /DE/ 0% 118 -54% 0% $269
SBI Securities Co., Ltd. 0% 1 -75% 0% $2
Tower Research Capital LLC (TRC) 0% 0 -100% $0

Institutional Holders of Spectral AI, Inc. - Common stock, par value $0.0001 per share (MDAI) across Reporting Periods

Period Reported Shares, Excl. Options Value, Excl. Options Value Change Price (Median) Investors
2025 Q4 101,178 $143,672 $1.42 2
2025 Q3 2,937,106 $6,694,012 -$2,144,577 $2.28 24
2025 Q2 3,804,622 $9,435,015 +$936,340 $2.48 26
2025 Q1 3,570,119 $4,105,635 -$70,543 $1.15 25
2024 Q4 3,385,719 $9,551,378 +$1,011,296 $2.83 28
2024 Q3 3,086,353 $3,602,058 +$348,229 $1.06 23
2024 Q2 2,738,006 $4,628,973 -$126,380 $1.76 22
2024 Q1 2,736,235 $5,569,486 +$1,936,562 $2.13 25
2023 Q4 1,817,997 $4,475,642 -$443,538 $2.46 15
2023 Q3 1,998,220 $5,143,197 +$5,143,197 $2.57 9