Security Snapshot

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

CUSIP: 84757T105

13F Institutional Holders and Ownership History from Q3 2023 to Q1 2026

Latest Period

Q4 2025

Institutions Reporting

27

Shares (Excl. Options)

4,707,490

Price

$1.42

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Type / Class
Equity / Common Stock, $0.0001 par value
Symbol
MDAI on Nasdaq
Shares outstanding
33,495,311
Price per share
$1.67
All holders as of 31 Dec 2025
Q4 2025
Total 13F shares
4,707,490
Total reported value
$6,685,070
% of total 13F portfolios
0%
Share change
+1,770,384
Value change
+$2,367,452
Number of holders
27
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors

Quick Takeaways

  • MDAI - Spectral AI, Inc. - Common Stock, $0.0001 par value is tracked under CUSIP 84757T105.
  • 27 institutions reported positions in Q4 2025.
  • 3 significant owners is listed from Schedule 13D/13G reporting.

What Changed

  • Holder count moved from 27 to 13 between Q4 2025 and Q1 2026.
  • Reported value moved from $6,685,070 to $3,689,868.

Why This Matters

  • You can quickly see who holds this security, then open quarter and manager detail pages for full evidence.
  • 13F and Schedule 13D/13G sections are kept together so you can cross-check institutional and beneficial ownership context.

Source Evidence

Source: SEC Form 13F

Latest holder context comes from 27 institutions filings for Q4 2025.

Open SEC Evidence

Investment Quick Answers

What is CUSIP 84757T105?
CUSIP 84757T105 identifies MDAI - Spectral AI, Inc. - Common Stock, $0.0001 par value in SEC 13F datasets.

Where can I see the latest institutional holders?
Review the Q4 2025 holders report and the ownership history table below.

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

Filer Ownership Change % Holdings Value Net Change Nb Shares Change % Reporting Name Report Period
Hudson Bay Capital Management LP 5% -35% $2,791,265 -$1,327,991 1,671,416 -32% Hudson Bay Capital Management LP 31 Mar 2026
HIRSCH LAURENCE E 3.5% $2,574,000 900,000 Laurence E. Hirsch 13 Aug 2025
SPANGENBERG ERICH 2.4% $1,133,642 736,131 Erich Spangenberg 28 May 2025

As of 31 Dec 2025, 27 institutional investors reported holding 4,707,490 shares of Spectral AI, Inc. - Common Stock, $0.0001 par value (MDAI). This represents 14% of the company’s total 33,495,311 outstanding shares.

Top 25 Institutional Shareholders

The largest institutional shareholders of Spectral AI, Inc. - Common Stock, $0.0001 par value (MDAI) together control 14% 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
Hudson Bay Capital Management LP 4.6% 1,526,716 0.01% $2,167,937
Highlander Partners, L.P. 2.7% 900,000 0% 0.46% $1,278,000
VANGUARD GROUP INC 2.5% 842,049 +37% 0% $1,195,710
GEODE CAPITAL MANAGEMENT, LLC 0.65% 216,558 +19% 0% $307,563
UNIVERSITY OF TEXAS/TEXAS AM INVESTMENT MANAGEMENT CO 0.63% 210,488 0% 0.04% $298,893
BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.59% 199,000 0% 0.01% $282,580
DNB Asset Management AS 0.41% 136,473 +85% 0% $193,792
BlackRock, Inc. 0.35% 117,496 +8.9% 0% $166,845
UBS Group AG 0.31% 102,576 -45% 0% $145,658
Rathbones Group PLC 0.27% 89,178 0% 0% $126,632
STATE STREET CORP 0.23% 75,600 +91% 0% $107,352
Forum Financial Management, LP 0.18% 60,501 0% 0% $85,912
JANE STREET GROUP, LLC 0.16% 52,592 0% $74,681
Virtu Financial LLC 0.16% 52,547 0% $75,000
Shay Capital LLC 0.12% 40,863 0% 0.01% $58,025
NORTHERN TRUST CORP 0.1% 32,098 +2.5% 0% $45,579
N.E.W. Advisory Services LLC 0.04% 14,000 0% $19,880
Philip James Wealth Mangement, LLC 0.04% 12,000 0% 0% $17,040
MORGAN STANLEY 0.03% 8,401 -2.5% 0% $11,929
OSAIC HOLDINGS, INC. 0.02% 7,980 0% 0% $11,331
Tower Research Capital LLC (TRC) 0.01% 3,949 0% $5,608
Westside Investment Management, Inc. 0.01% 2,650 0% 0% $3,763
NewEdge Advisors, LLC 0.01% 1,700 0% 0% $2,414
WOLVERINE ASSET MANAGEMENT LLC 0% 1,655 0% $2,350
Concord Wealth Partners 0% 300 0% $426

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

Period Reported Shares, Excl. Options Value, Excl. Options Value Change Price (Median) Investors
2026 Q1 2,510,115 $3,689,868 +$288,264 $1.47 13
2025 Q4 4,707,490 $6,685,070 +$2,367,452 $1.42 27
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
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