SPLASH BEVERAGE GROUP INC

Ticker: SBEV CUSIP: 84862C302 Class: COM

Holders for Q4 2025 Position Changes for Q4 2025

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

New Positions (2)

TWO SIGMA SECURITIES, LLC

Value ($000) $15 Shares 22,119

GEODE CAPITAL MANAGEMENT, LLC

Value ($000) $10 Shares 13,928

Institution	Shares	Value ($000)
TWO SIGMA SECURITIES, LLC	22,119	$15
GEODE CAPITAL MANAGEMENT, LLC	13,928	$10

Increased Positions (5)

Value ($000) $10 (+43300.0%) Shares 15,095 (+150850.0%)

CITADEL ADVISORS LLC

Value ($000) $18 (-37.5%) Shares 26,552 (+113.7%)

Tower Research Capital LLC (TRC)

Value ($000) $3 (-51.3%) Shares 4,021 (+66.6%)

HRT FINANCIAL LP

Value ($000) $0 (-48.4%) Shares 24,288 (+84.2%)

BANK OF AMERICA CORP /DE/

Value ($000) $0 (-69.8%) Shares 19 (+5.6%)

Institution	Prev Shares	Curr Shares	Change
UBS Group AG	10	15,095	+15,085 (+150850.0%)
CITADEL ADVISORS LLC	12,426	26,552	+14,126 (+113.7%)
Tower Research Capital LLC (TRC)	2,414	4,021	+1,607 (+66.6%)
HRT FINANCIAL LP	13,185	24,288	+11,103 (+84.2%)
BANK OF AMERICA CORP /DE/	18	19	+1 (+5.6%)

Decreased Positions (2)

VANGUARD GROUP INC

Value ($000) $8 (-79.8%) Shares 11,086 (-31.0%)

Value ($000) $0 (-97.1%) Shares 1 (-93.3%)

Institution	Prev Shares	Curr Shares	Change
VANGUARD GROUP INC	16,067	11,086	-4,981 (-31.0%)
CITIGROUP INC	15	1	-14 (-93.3%)

Exited Positions (6)

SUSQUEHANNA INTERNATIONAL GROUP, LLP

Value ($000) $33 Shares 13,785

Qube Research & Technologies Ltd

Value ($000) $29 Shares 12,300

Value ($000) $9 Shares 3,795

OSAIC HOLDINGS, INC.

Value ($000) $0 Shares 31

GROUP ONE TRADING, L.P.

Value ($000) $0 Shares 18

Value ($000) $0 Shares 5

Institution	Prev Shares	Prev Value ($000)
SUSQUEHANNA INTERNATIONAL GROUP, LLP	13,785	$33
Qube Research & Technologies Ltd	12,300	$29
MORGAN STANLEY	3,795	$9
OSAIC HOLDINGS, INC.	31	$0
GROUP ONE TRADING, L.P.	18	$0
FMR LLC	5	$0