LIQTECH INTL INC

Ticker: LIQT CUSIP: 53632A300 Class: COM

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

New Positions (4)

StoneX Group Inc.

Value ($000) $42 Shares 28,788

SUSQUEHANNA INTERNATIONAL GROUP, LLP

Value ($000) $35 Shares 24,095

CITIGROUP INC

Value ($000) $3 Shares 1,800

ROYAL BANK OF CANADA

Value ($000) $0 Shares 15

Institution	Shares	Value ($000)
StoneX Group Inc.	28,788	$42
SUSQUEHANNA INTERNATIONAL GROUP, LLP	24,095	$35
CITIGROUP INC	1,800	$3
ROYAL BANK OF CANADA	15	$0

Increased Positions (4)

MORGAN STANLEY

Value ($000) $408 (-25.8%) Shares 279,303 (+33.6%)

HighTower Advisors, LLC

Value ($000) $88 (-41.8%) Shares 60,432 (+4.8%)

Tower Research Capital LLC (TRC)

Value ($000) $3 (-34.6%) Shares 2,030 (+17.7%)

BANK OF AMERICA CORP /DE/

Value ($000) $0 (-42.1%) Shares 38 (+5.6%)

Institution	Prev Shares	Curr Shares	Change
MORGAN STANLEY	209,003	279,303	+70,300 (+33.6%)
HighTower Advisors, LLC	57,685	60,432	+2,747 (+4.8%)
Tower Research Capital LLC (TRC)	1,724	2,030	+306 (+17.7%)
BANK OF AMERICA CORP /DE/	36	38	+2 (+5.6%)

Decreased Positions (2)

WealthTrust Axiom LLC

Value ($000) $80 (-52.7%) Shares 54,716 (-14.8%)

GEODE CAPITAL MANAGEMENT, LLC

Value ($000) $61 (-45.2%) Shares 41,568 (-1.4%)

Institution	Prev Shares	Curr Shares	Change
WealthTrust Axiom LLC	64,201	54,716	-9,485 (-14.8%)
GEODE CAPITAL MANAGEMENT, LLC	42,137	41,568	-569 (-1.4%)