SPECTRAL AI INC

Ticker: MDAI CUSIP: 84757T105 Class: COM CL A

Holders for Q4 2025 Position Changes for Q4 2025

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

New Positions (7)

Hudson Bay Capital Management LP
Value ($000) $2,168 Shares 1,526,716
JANE STREET GROUP, LLC
Value ($000) $75 Shares 52,592
N.E.W. Advisory Services LLC
Value ($000) $20 Shares 14,000
Tower Research Capital LLC (TRC)
Value ($000) $6 Shares 3,949
WOLVERINE ASSET MANAGEMENT LLC
Value ($000) $2 Shares 1,655
Virtu Financial LLC
Value ($000) $0 Shares 52,547
Concord Wealth Partners
Value ($000) $0 Shares 300

Increased Positions (6)

VANGUARD GROUP INC
Value ($000) $1,196 (-14.5%) Shares 842,049 (+37.3%)
DnB Asset Management AS
Value ($000) $194 (+15.3%) Shares 136,473 (+85.2%)
STATE STREET CORP
Value ($000) $107 (+18.9%) Shares 75,600 (+90.9%)
GEODE CAPITAL MANAGEMENT, LLC
Value ($000) $308 (-25.9%) Shares 216,558 (+19.0%)
BlackRock, Inc.
Value ($000) $167 (-32.2%) Shares 117,496 (+8.9%)
NORTHERN TRUST CORP
Value ($000) $46 (-36.1%) Shares 32,098 (+2.5%)

Decreased Positions (2)

UBS Group AG
Value ($000) $146 (-65.6%) Shares 102,576 (-44.7%)
MORGAN STANLEY
Value ($000) $12 (-39.2%) Shares 8,401 (-2.5%)

Exited Positions (4)

MARSHALL WACE, LLP
Value ($000) $332 Shares 145,482
Quadrature Capital Ltd
Value ($000) $27 Shares 11,926
RAYMOND JAMES FINANCIAL INC
Value ($000) $29 Shares 12,800
FEDERATED HERMES, INC.
Value ($000) $1 Shares 451