MDAI · Spectral AI, Inc. · Holdings

$1.30 -0.05 (-3.70%) At close · Nov 13 Play latest call Q2 2026 earnings call transcript

Market Cap

$41.84M

32.18M

Volume · Nov 13 136.96K Avg daily vol (3M) 134.87K

Institutional ownership from SEC Form 13F filings. Investment managers with more than $100 million in U.S. equities must disclose their positions every quarter, within 45 days of quarter-end, so the holdings shown can lag the market by up to a quarter.

Use institutional holdings through the 13F API or MCP → See every holder of MDAI: 13F, 13D and 13G, insiders and funds →

The Sep 30, 2026 filing window is still open — showing the latest known positions. Funds that have not filed yet carry their prior-quarter positions; a fund that filed without this stock counts as sold out. Each fund's Change is measured against its own previous reported quarter, shown in the Reported column. Pick a completed quarter in the Quarter selector below to put every fund on one quarter and see the stock-wide activity breakdown.

Quarter:

Holders: 50

Total Value: $8,385,867

Total Shares: 6,371,886

Institutional Ownership Trend

23 quarters

Holder Concentration

Across 52 13F filers with any position, options included

Top Holder

18.1%

of institutional value

Top 5

59.0%

of institutional value

Top 10

76.1%

of institutional value

HHI

963

Broadly held

Who Holds MDAI

Last 8 quarters through Sep 30, 2026 (filing window open)

Each kind of 13F filer's share of the common shares 13F filers report. Holder type comes from regulatory records, never the filer's name; style, turnover and horizon are measured from each filer's own 13F book. The quarter selector does not change this card.

Jun 30, 2026, the newest closed quarter: 51 filers, like-for-like change +30.5%; actively managed books +36.2%; index-like books +16.6%.

Holder type	Share	Filers	Change	New	Exited
Registered adviser	34.4%	19	+12.7%	2	1
Exempt adviser	19.3%	2	+332.9%	1	0
Adviser	1.4%	1	0.0%	0	0
Bank	7.3%	7	+43.1%	3	1
Broker-dealer	2.3%	1	new	1	0
Non-US	1.0%	1	0.0%	0	0
Holding company	4.4%	4	+17.2%	0	0
Unknown	29.8%	16	-1.7%	5	1

Style	Share	Filers	Change	New	Exited
Index-like	25.9%	8	+16.6%	0	0
Systematic-like	2.1%	3	+13.3%	1	0
Concentrated	24.4%	10	-5.9%	1	1
Diversified active	47.6%	30	+78.9%	10	2
Not measured	0.0%	0	—	0	0
Unknown	0.0%	0	—	0	0

Turnover	Share	Filers	Change	New	Exited
Low turnover	30.5%	23	+9.8%	5	0
Medium turnover	22.0%	13	+8.0%	2	1
High turnover	27.1%	11	+142.0%	5	2
Unknown	20.3%	4	+18.3%	0	0
Not measured	0.0%	0	—	0	0

Holding horizon	Share	Filers	Change	New	Exited
Short horizon	23.6%	8	+18.3%	1	1
Medium horizon	19.2%	8	+20.0%	0	1
Long horizon	42.3%	29	+10.6%	8	1
Unknown	14.9%	6	+518.8%	3	0
Not measured	0.0%	0	—	0	0

13F book size	Share	Filers	Change	New	Exited
Under $1B	18.4%	9	-8.3%	1	2
$1B to $10B	17.9%	15	+17.2%	4	0
$10B to $100B	16.3%	11	+17.5%	2	0
$100B or more	47.5%	16	+73.0%	5	1
Not measured	0.0%	0	—	0	0

Client base	Share	Filers	Change	New	Exited
Individuals and high net worth	1.1%	7	+0.6%	2	0
Pooled investment vehicles	10.3%	7	-1.4%	0	1
Registered funds and BDCs	23.0%	4	+21.2%	0	0
Diversified	0.0%	1	0.0%	0	0
Unknown	65.6%	32	+42.4%	10	2

Private funds	Share	Filers	Change	New	Exited
Hedge funds	22.3%	8	+113.3%	1	1
Other private funds	5.3%	3	+31.4%	1	0
Private funds, type not stated	7.3%	1	+63.8%	0	0
No private funds	18.8%	9	+17.2%	1	0
Private equity funds	0.0%	0	—	0	0
Unknown	46.3%	30	+11.2%	9	2

Location	Share	Filers	Change	New	Exited
United States	71.3%	41	+10.2%	9	3
Outside the US	28.7%	10	+141.4%	3	0

The Sep 30, 2026 filing window is still open, so its bar carries the Jun 30, 2026 positions of filers that have not filed yet.

How the mix is measured

Shares are 13F common shares restated to today's split basis; options and principal amounts are left out. The change compares only filers with a 13F in both quarters and keeps each filer in its bucket of the later quarter on both sides; a filer that continues under a new CIK is compared through its successor. Holder type comes from each filer's current regulatory profile; client base and private funds come from the Form ADV roster current at each quarter end (rosters from December 2019, so an earlier quarter reads Unknown). Style, turnover, horizon and book size are measured from each filer's 13F book in the newest measured quarter, and Not measured means none was. Actively managed books are those measured systematic-like, concentrated or diversified active.

Conviction and Crowding

34 13F filers, quarter ended Jun 30, 2026

Measured across every 13F filer's common-share book once the quarter's filing window closed. Crowding counts filers with high turnover or that advise private funds on Form ADV.

Conviction holders

0.000% of filers hold it in their top 10

Mar 31, 2026: 0

Holders above 5%

median weight 0.000%

Mar 31, 2026: 0

Crowding

4.58%

of shares outstanding, 15th percentile

Mar 31, 2026: 1.47%

Private-fund advisers

3.53%

of shares outstanding

Institutional ownership

15.0%

16.7% of the estimated free float

Top 10 holders

86.8%

of 13F shares, Herfindahl 0.124

Active holders

+63.8%

like-for-like share change of active filers

5% stakes on record

1 13D, 1 13G (1 institutional, 0 passive, 0 exempt)

How long holders have held it value-weighted 5.8 quarters

Under 1 year 53.4% 1 to 3 years 18.4% 3 years or more 28.3% Since coverage start 0.000%

Managers in the top fifth by current three-year FundScore alpha were net buyers of $0 (0 buying, 0 selling).

Estimated Holder Cost Basis

Quarter ended Jun 30, 2026, on that quarter's share basis

Estimated, never filed: each 13F buy is costed at its quarter's average traded price and each sale keeps the average cost, so this is what holders paid on average if they traded evenly through each quarter.

Estimated avg cost

$3.91

estimated per share

Mar 31, 2026: $5.13

Quarter-end price

$1.73

implied by 13F values

Estimated gain or loss

-55.8%

price against the estimated cost

Estimated at a loss

92.3%

of costed 13F value

Estimated cost covers 76.2% of the 13F shares; positions already held when a filer's 13F history starts, or bought in a quarter without a trusted average price, have no estimate.

Shared Holders

Companies MDAI's active holders also own, quarter ended Jun 30, 2026

#	Company	Shared holders	Similarity
1	CNCK Coincheck Group N.V.	3	0.775

Shareholder Targets

13F filers that own its peers but not MDAI, quarter ended Jun 30, 2026

Found through its holder-overlap peers: CNCK. 15 filers in all.

#	Filer	In peers	Of book	Largest peers
1	Linden Advisors LP Registered adviser, Diversified active	$452,540 1 held	0.020%	CNCK
2	Shay Capital LLC Unknown, Diversified active	$186,995 1 held	0.020%	CNCK
3	NEUBERGER BERMAN GROUP LLC Holding company, Diversified active	$111,000 1 held	0.000%	CNCK
4	Cresset Asset Management, LLC Registered adviser, Concentrated	$89,852 1 held	0.000%	CNCK
5	State of Wyoming Unknown, Diversified active	$85,736 1 held	0.010%	CNCK
6	MILLENNIUM MANAGEMENT LLC Registered adviser, Systematic-like	$70,937 1 held	0.000%	CNCK
7	SBI Securities Co., Ltd. Non-US, Diversified active	$69,754 1 held	0.000%	CNCK
8	Qube Research & Technologies Ltd Exempt adviser, Systematic-like	$59,873 1 held	0.000%	CNCK
9	TWO SIGMA SECURITIES, LLC Unknown, Systematic-like	$24,198 1 held	0.000%	CNCK
10	WHITEBOX ADVISORS LLC Registered adviser, Diversified active	$11,518 1 held	0.000%	CNCK

Fund Ownership of MDAI by Fund Type

Registered funds' Form N-PORT reports for the quarter ended Jun 30, 2026

Index funds and index ETFs hold 3.95% of shares outstanding.

Fund type	Of shares outstanding	Change	Shares	Funds
Index funds	0.62%	+0.05 pp	199,283	5
Index ETFs	3.33%	+0.90 pp	1,072,642	3
Active ETFs	0.00%	0.00 pp	0	0
Active funds	0.91%	+0.28 pp	293,203	2
Unclassified	0.00%	0.00 pp	0	0
All registered funds	4.86%	+1.24 pp	1,565,128	10

How fund types are measured

Each fund series counts once, with its latest Form N-PORT report dated inside the quarter; only long share positions count, restated to today's split basis. The fund type is the series' latest Form N-CEN answer on or before the quarter end (the index-fund box and the exchange-traded flag), never its name. Unclassified funds have no usable N-CEN; unit investment trusts are among them, so index ownership is a floor. Funds sit inside their advisers' 13F reports, so these shares overlap the 13F figures and are never added to them.

Holder type: Registered adviser 20 Exempt adviser 2 Adviser 1 Bank 7 Broker-dealer 1 Non-US 1 Holding company 4 Unknown 14

Showing 50 of 50

All Common Calls Puts

Compact Export CSV

Holder

Value (USD)

% of 13F

VANGUARD CAPITAL MANAGEMENT LLC

$1,627,918

19.41%

980,674

Highlander Partners, L.P.

$1,557,000

18.57%

900,000

MARSHALL WACE, LLP

$1,072,540

12.79%

646,109

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Marshall Wace North America L.P. joint	646,109	$1,072,540	100.0%	Other

BRIDGEWAY CAPITAL MANAGEMENT, LLC

$496,510

5.92%

287,000

GEODE CAPITAL MANAGEMENT, LLC

$382,463

4.56%

230,400

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
GEODE CAPITAL MANAGEMENT TRUST COMPANY, LLC	48,918	$81,203	21.2%	Defined
Held directly	181,482	$301,260	78.8%	Defined

VANGUARD FIDUCIARY TRUST CO

$288,375

3.44%

173,720

LMR Partners LLP MDAIW

$279,550

3.33%

503,694

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
LMR PARTNERS (DIFC) Ltd	503,694	$279,550	100.0%	Sole

UBS Group AG

$277,659

3.31%

167,265

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
UBS AG	137,726	$228,625	82.3%	Defined
UBS Switzerland AG	29,539	$49,034	17.7%	Defined

LPL Financial LLC

$271,909

3.24%

163,801

BlackRock, Inc.

$261,517

3.12%

157,542

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
BlackRock Investment Management, LLC	6,203	$10,296	3.9%	Sole
BlackRock Fund Advisors	87,733	$145,636	55.7%	Sole
BlackRock Institutional Trust Company, N.A.	63,606	$105,585	40.4%	Sole

ARISTEIA CAPITAL, L.L.C. MDAIW

$199,768

2.38%

359,943

Oasis Management Co Ltd. MDAIW

$173,000

2.06%

100,000

STATE STREET CORP

$146,910

1.75%

88,500

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
STATE STREET GLOBAL ADVISORS TRUST COMPANY	88,500	$146,910	100.0%	Defined

Rathbones Group PLC

$144,494

1.72%

87,045

Clear Street Group Inc. MDAIW

$129,513

1.54%

233,357

Forum Financial Management, LP

$100,431

1.20%

60,501

NORTHERN TRUST CORP

$87,446

1.04%

50,547

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
NORTHERN TRUST CO joint	50,547	$87,446	100.0%	Defined

Virtu Financial LLC

$70,893

0.85%

40,979

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Virtu Americas LLC	40,979	$70,893	100.0%	Defined

GOLDMAN SACHS GROUP INC MDAIW

$68,614

0.82%

123,629

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
GOLDMAN SACHS & CO. LLC	123,629	$68,614	100.0%	Defined

TORONTO DOMINION BANK MDAIW

$65,452

0.78%

117,931

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
TD SECURITIES (USA) LLC	117,931	$65,452	100.0%	Defined

XTX Topco Ltd

$56,963

0.68%

32,927

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
XTX EXECUTION SERVICES LLC joint	32,927	$56,963	100.0%	Defined

MOORE CAPITAL MANAGEMENT, LP MDAIW

$55,500

0.66%

100,000

Q Global Advisors, LLC MDAIW

$46,844

0.56%

99,670

Caption Management, LLC MDAIW

$46,363

0.55%

83,537

TPG GP A, LLC MDAIW

$41,624

0.50%

74,999

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
ANGELO GORDON & CO., L.P.	74,999	$41,624	100.0%	Defined

Calamos Advisors LLC MDAIW

$38,317

0.46%

81,526

TENOR CAPITAL MANAGEMENT Co., L.P. MDAIW

$37,000

0.44%

66,666

N.E.W. Advisory Services LLC

$33,216

0.40%

20,010

Saba Capital Management, L.P. MDAIW

$33,168

0.40%

59,763

HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND MDAIW

$31,333

0.37%

66,666

Vanguard Global Advisers, LLC

$31,125

0.37%

18,750

ROYAL BANK OF CANADA

$26,731

0.32%

15,452

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
RBC Europe Ltd	15,452	$26,731	100.0%	Defined

MORGAN STANLEY

$22,906

0.27%

13,799

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
MORGAN STANLEY CAPITAL SERVICES, LLC	3,394	$5,634	24.6%	Defined
MORGAN STANLEY SMITH BARNEY LLC	10,405	$17,272	75.4%	Defined

MILLENNIUM MANAGEMENT LLC MDAIW

$21,828

0.26%

39,330

RAYMOND JAMES FINANCIAL INC

$21,248

0.25%

12,800

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
RAYMOND JAMES & ASSOCIATES	2,800	$4,648	21.9%	Defined
Raymond James Financial Services Advisors, Inc.	10,000	$16,600	78.1%	Defined

Tower Research Capital LLC (TRC)

$20,969

0.25%

12,121

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Latour Trading LLC (Latour)	12,121	$20,969	100.0%	Defined

Philip James Wealth Mangement, LLC

$19,920

0.24%

12,000

Engineers Gate Manager LP

$19,109

0.23%

11,046

Empery Asset Management, LP MDAIW

$18,501

0.22%

33,336

StoneX Group Inc.

$18,316

0.22%

11,034

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
STONEX FINANCIAL INC.	11,034	$18,316	100.0%	Defined

WOLVERINE ASSET MANAGEMENT LLC

$14,161

0.17%

8,531

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Wolverine Holdings, LLC	8,531	$14,161	100.0%	Defined

OSAIC HOLDINGS, INC.

$10,756

0.13%

6,480

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
OSAIC WEALTH, INC.	6,480	$10,756	100.0%	Defined

HBW ADVISORY SERVICES LLC MDAIW

$4,700

0.06%

10,000

Westside Investment Management, Inc.

$4,399

0.05%

2,650

Nuveen, LLC

$3,321

0.04%

2,001

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Nuveen Asset Management, LLC joint	2,001	$3,321	100.0%	Defined

NewEdge Advisors, LLC

$2,822

0.03%

1,700

JPMORGAN CHASE & CO

$2,247

0.03%

1,354

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
JPMorgan Chase Bank, N.A.	1,326	$2,201	98.0%	Defined
J.P. Morgan Securities LLC	28	$46	2.0%	Defined

Farther Finance Advisors, LLC MDAIW

$470

0.01%

1,000

LONGFELLOW INVESTMENT MANAGEMENT CO LLC MDAIW

$47

0.00%

100

CITIGROUP INC

0.00%

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Citigroup Financial Products Inc. joint	1	$1	100.0%	Defined

Key facts CIK 1833498 CUSIP 84757T105 13F (30d) 23 filings 23 filers Visit website Investor relations