NEPHROS INC

Ticker: NEPH CUSIP: 640671400 Class: COMMON STOCK

Holders for Q4 2025 Position Changes for Q4 2025

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

New Positions (14)

De Lisle Partners LLP

Value ($000) $122 Shares 25,000

NAVELLIER & ASSOCIATES INC

Value ($000) $133 Shares 27,175

Heron Bay Capital Management

Value ($000) $66 Shares 13,471

PRELUDE CAPITAL MANAGEMENT, LLC

Value ($000) $74 Shares 15,180

Quadrature Capital Ltd

Value ($000) $112 Shares 23,004

MARSHALL WACE, LLP

Value ($000) $107 Shares 21,983

Cannell & Spears LLC

Value ($000) $54 Shares 11,000

Centiva Capital, LP

Value ($000) $53 Shares 10,835

NORTHERN TRUST CORP

Value ($000) $53 Shares 10,828

Kestra Advisory Services, LLC

Value ($000) $29 Shares 6,015

SageView Advisory Group, LLC

Value ($000) $3 Shares 590

Cambridge Investment Research Advisors, Inc.

Value ($000) $0 Shares 69,149

HARBOUR INVESTMENTS, INC.

Value ($000) $0 Shares 50

NewEdge Advisors, LLC

Value ($000) $0 Shares 27

Institution	Shares	Value ($000)
De Lisle Partners LLP	25,000	$122
NAVELLIER & ASSOCIATES INC	27,175	$133
Heron Bay Capital Management	13,471	$66
PRELUDE CAPITAL MANAGEMENT, LLC	15,180	$74
Quadrature Capital Ltd	23,004	$112
MARSHALL WACE, LLP	21,983	$107
Cannell & Spears LLC	11,000	$54
Centiva Capital, LP	10,835	$53
NORTHERN TRUST CORP	10,828	$53
Kestra Advisory Services, LLC	6,015	$29
SageView Advisory Group, LLC	590	$3
Cambridge Investment Research Advisors, Inc.	69,149	$0
HARBOUR INVESTMENTS, INC.	50	$0
NewEdge Advisors, LLC	27	$0

Increased Positions (11)

Topline Capital Management, LLC

Value ($000) $2,998 (+6.3%) Shares 614,302 (+3.0%)

ESSEX INVESTMENT MANAGEMENT CO LLC

Value ($000) $190 (+62.0%) Shares 38,984 (+57.1%)

Mesirow Financial Investment Management, Inc.

Value ($000) $244 (+273.8%) Shares 50,000 (+262.3%)

RENAISSANCE TECHNOLOGIES LLC

Value ($000) $506 (+29.8%) Shares 103,772 (+25.8%)

Value ($000) $105 (+53.2%) Shares 21,617 (+48.5%)

Value ($000) $88 (+867.5%) Shares 17,959 (+837.8%)

CITADEL ADVISORS LLC

Value ($000) $101 (+29.1%) Shares 20,710 (+25.2%)

HighTower Advisors, LLC

Value ($000) $291 (+10.6%) Shares 59,710 (+7.2%)

OSAIC HOLDINGS, INC.

Value ($000) $8 (+858.9%) Shares 1,625 (+828.6%)

ROYAL BANK OF CANADA

Value ($000) $4 Shares 738 (+36800.0%)

GOLDMAN SACHS GROUP INC

Value ($000) $93 (+5.0%) Shares 18,980 (+1.8%)

Institution	Prev Shares	Curr Shares	Change
Topline Capital Management, LLC	596,300	614,302	+18,002 (+3.0%)
ESSEX INVESTMENT MANAGEMENT CO LLC	24,822	38,984	+14,162 (+57.1%)
Mesirow Financial Investment Management, Inc.	13,800	50,000	+36,200 (+262.3%)
RENAISSANCE TECHNOLOGIES LLC	82,500	103,772	+21,272 (+25.8%)
XTX Topco Ltd	14,555	21,617	+7,062 (+48.5%)
MORGAN STANLEY	1,915	17,959	+16,044 (+837.8%)
CITADEL ADVISORS LLC	16,545	20,710	+4,165 (+25.2%)
HighTower Advisors, LLC	55,710	59,710	+4,000 (+7.2%)
OSAIC HOLDINGS, INC.	175	1,625	+1,450 (+828.6%)
ROYAL BANK OF CANADA	2	738	+736 (+36800.0%)
GOLDMAN SACHS GROUP INC	18,643	18,980	+337 (+1.8%)

Decreased Positions (5)

ELKHORN PARTNERS LIMITED PARTNERSHIP

Value ($000) $34 (-42.2%) Shares 7,000 (-44.0%)

BARD ASSOCIATES INC

Value ($000) $594 (-1.3%) Shares 121,619 (-4.3%)

VANGUARD GROUP INC

Value ($000) $1,140 (-14.3%) Shares 233,644 (-16.9%)

GEODE CAPITAL MANAGEMENT, LLC

Value ($000) $364 (+1.5%) Shares 74,628 (-1.7%)

BANK OF AMERICA CORP /DE/

Value ($000) $0 (-18.2%) Shares 73 (-20.7%)

Institution	Prev Shares	Curr Shares	Change
ELKHORN PARTNERS LIMITED PARTNERSHIP	12,500	7,000	-5,500 (-44.0%)
BARD ASSOCIATES INC	127,121	121,619	-5,502 (-4.3%)
VANGUARD GROUP INC	281,306	233,644	-47,662 (-16.9%)
GEODE CAPITAL MANAGEMENT, LLC	75,891	74,628	-1,263 (-1.7%)
BANK OF AMERICA CORP /DE/	92	73	-19 (-20.7%)

Exited Positions (2)

SUSQUEHANNA INTERNATIONAL GROUP, LLP

Value ($000) $49 Shares 10,373

Value ($000) $0 Shares 66

Institution	Prev Shares	Prev Value ($000)
SUSQUEHANNA INTERNATIONAL GROUP, LLP	10,373	$49
UBS Group AG	66	$0