# SPECTRAL AI INC (MDAI)

> Institutional ownership reported to the SEC as of Q2 2026, from Form 13F filings. Source: https://holderbook.com/stocks/MDAI/

- Reporting holders: 35
- Reported value: $8.4M
- Shares held by institutions: 4,856,549 of 32,184,928 outstanding
- Held through calls: 0.0%
- Held through puts: 0.0%

A 13F reports long US equity positions only. Shorts, bonds, foreign listings and cash are not visible here, and positions are disclosed up to 45 days after the quarter ends.

## Largest holders

| Manager | Value | Shares | Share of their book | Quarters held |
|---|---|---|---|---|
| [VANGUARD CAPITAL MANAGEMENT LLC](https://holderbook.com/funds/2100119-vanguard-capital-management-llc/) | $1.7M | 994,410 | 0.0% | 2 |
| [Highlander Partners, L.P.](https://holderbook.com/funds/1903866-highlander-partners-l-p/) | $1.6M | 900,000 | 0.5% | 12 |
| [MARSHALL WACE, LLP](https://holderbook.com/funds/1318757-marshall-wace-llp/) | $1.4M | 827,454 | 0.0% | 1 |
| [BRIDGEWAY CAPITAL MANAGEMENT, LLC](https://holderbook.com/funds/1107261-bridgeway-capital-management-llc/) | $496.5K | 287,000 | 0.0% | 6 |
| [JANE STREET GROUP, LLC](https://holderbook.com/funds/1595888-jane-street-group-llc/) | $391.5K | 226,319 | 0.0% | 3 |
| [UBS Group AG](https://holderbook.com/funds/1610520-ubs-group-ag/) | $390.7K | 225,823 | 0.0% | 11 |
| [GEODE CAPITAL MANAGEMENT, LLC](https://holderbook.com/funds/1214717-geode-capital-management-llc/) | $385.2K | 222,595 | 0.0% | 12 |
| [BlackRock, Inc.](https://holderbook.com/funds/2012383-blackrock-inc/) | $279.9K | 161,777 | 0.0% | 8 |
| [LPL Financial LLC](https://holderbook.com/funds/1403438-lpl-financial-llc/) | $278.0K | 160,701 | 0.0% | 1 |
| [STATE STREET CORP](https://holderbook.com/funds/93751-state-street-corp/) | $261.6K | 151,200 | 0.0% | 9 |
| [VANGUARD FIDUCIARY TRUST CO](https://holderbook.com/funds/933478-vanguard-fiduciary-trust-co/) | $246.8K | 142,664 | 0.0% | 2 |
| [UNIVERSITY OF TEXAS/TEXAS AM INVESTMENT MANAGEMENT CO](https://holderbook.com/funds/1019231-university-of-texas-texas-am-investment-management-co/) | $210.6K | 121,711 | 0.0% | 12 |
| [Rathbones Group PLC](https://holderbook.com/funds/1351991-rathbones-group-plc/) | $150.6K | 87,045 | 0.0% | 12 |
| [Forum Financial Management, LP](https://holderbook.com/funds/1911832-forum-financial-management-lp/) | $104.7K | 60,501 | 0.0% | 9 |
| [NORTHERN TRUST CORP](https://holderbook.com/funds/73124-northern-trust-corp/) | $87.4K | 50,547 | 0.0% | 7 |
| [Virtu Financial LLC](https://holderbook.com/funds/1533964-virtu-financial-llc/) | $71.0K | 40,979 | 0.0% | 1 |
| [XTX Topco Ltd](https://holderbook.com/funds/1828301-xtx-topco-ltd/) | $57.0K | 32,927 | 0.0% | 2 |
| [N.E.W. Advisory Services LLC](https://holderbook.com/funds/1803456-n-e-w-advisory-services-llc/) | $34.6K | 20,010 | 0.0% | 3 |
| [JPMORGAN CHASE & CO](https://holderbook.com/funds/19617-jpmorgan-chase-co/) | $34.2K | 20,259 | 0.0% | 1 |
| [StoneX Group Inc.](https://holderbook.com/funds/913760-stonex-group-inc/) | $31.6K | 15,343 | 0.0% | 1 |
| [ROYAL BANK OF CANADA](https://holderbook.com/funds/1000275-royal-bank-of-canada/) | $27.0K | 15,452 | 0.0% | 1 |
| [MORGAN STANLEY](https://holderbook.com/funds/895421-morgan-stanley/) | $23.9K | 13,799 | 0.0% | 12 |
| [RAYMOND JAMES FINANCIAL INC](https://holderbook.com/funds/720005-raymond-james-financial-inc/) | $22.1K | 12,800 | 0.0% | 2 |
| [Tower Research Capital LLC (TRC)](https://holderbook.com/funds/1533421-tower-research-capital-llc-trc/) | $21.0K | 12,121 | 0.0% | 1 |
| [Philip James Wealth Mangement, LLC](https://holderbook.com/funds/2002630-philip-james-wealth-mangement-llc/) | $20.8K | 12,000 | 0.0% | 4 |

## Quarter by quarter

| Quarter | Holders | Reported value |
|---|---|---|
| Q2 2026 | 35 | $8.4M |
| Q1 2026 | 23 | $4.9M |
| Q4 2025 | 27 | $6.7M |
| Q3 2025 | 24 | $6.7M |
| Q2 2025 | 26 | $9.4M |
| Q1 2025 | 26 | $4.1M |
| Q4 2024 | 28 | $9.6M |
| Q3 2024 | 23 | $3.6M |
| Q2 2024 | 22 | $4.6M |
| Q1 2024 | 25 | $6.7M |
| Q4 2023 | 15 | $5.2M |
| Q3 2023 | 9 | $22.8M |