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Spectral AI, Inc.

MDAI
Exchange
Nasdaq
Industry
Surgical & Medical Instruments & Apparatus
SEC CIK
0001833498

No open-market purchases or sales by Spectral AI, Inc. insiders were filed in the last 90 days; 34 institutions reported holding it in 13F filings for Q2 2026, worth $8.27M in total; no superinvestor holds it.

Other share classesMDAIW

13F holders, Q4 2025

Institutional positions in Spectral AI, Inc. as of Dec 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
27
+3 vs. Q3 2025
Shares held
4.71M
+1.77M (+60.3%) vs. Q3 2025
Total value
$6.69M
−$8.94K (−0.1%) vs. Q3 2025
New holders
7
7 more added
Sold out
4
2 more reduced

Compare with Q3 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting MDAI on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ4 2025: 27 institutions
Q1 2021: 0 institutionsQ2 2021: 0 institutionsQ3 2021: 0 institutionsQ4 2021: 0 institutionsQ1 2022: 0 institutionsQ2 2022: 0 institutionsQ3 2022: 0 institutionsQ4 2022: 0 institutionsQ1 2023: 0 institutionsQ2 2023: 0 institutionsQ3 2023: 9 institutionsQ4 2023: 15 institutionsQ1 2024: 25 institutionsQ2 2024: 22 institutionsQ3 2024: 23 institutionsQ4 2024: 28 institutionsQ1 2025: 26 institutionsQ2 2025: 26 institutionsQ3 2025: 24 institutionsQ4 2025: 27 institutionsQ1 2026: 24 institutionsQ2 2026: 34 institutions
Value heldQ4 2025: $6.69M
Q1 2021: $0Q2 2021: $0Q3 2021: $0Q4 2021: $0Q1 2022: $0Q2 2022: $0Q3 2022: $0Q4 2022: $0Q1 2023: $0Q2 2023: $0Q3 2023: $21.1MQ4 2023: $4.48MQ1 2024: $6.20MQ2 2024: $4.63MQ3 2024: $3.60MQ4 2024: $9.55MQ1 2025: $4.11MQ2 2025: $9.44MQ3 2025: $6.69MQ4 2025: $6.69MQ1 2026: $4.87MQ2 2026: $8.27M
Institutions holding MDAI and their total value by quarter
QuarterHoldersValue
Q2 202634$8.27M
Q1 202624$4.87M
Q4 202527$6.69M
Q3 202524$6.69M
Q2 202526$9.44M
Q1 202526$4.11M
Q4 202428$9.55M
Q3 202423$3.60M
Q2 202422$4.63M
Q1 202425$6.20M
Q4 202315$4.48M
Q3 20239$21.1M
Q2 20230$0
Q1 20230$0
Q4 20220$0
Q3 20220$0
Q2 20220$0
Q1 20220$0
Q4 20210$0
Q3 20210$0
Q2 20210$0
Q1 20210$0

Institutions, Q4 2025

Shares, value and share of portfolio for each institution holding Spectral AI, Inc.; share changes are against Q3 2025.

Institutions holding MDAI in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Hudson Bay Capital Management LP1,526,716$2.17M0.01%+1,526,716New
Highlander Partners, L.P.900,000$1.28M0.46%00.0%Unchanged
Vanguard Group Inc842,049$1.20M0.00%+228,777+37.3%Added
Geode Capital Management, LLC216,558$307.6K0.00%+34,597+19.0%Added
University of Texas/Texas Am Investment Managment Co210,488$298.9K0.04%00.0%Unchanged
Bridgeway Capital Management, LLC199,000$282.6K0.01%00.0%Unchanged
DnB Asset Management AS136,473$193.8K0.00%+62,768+85.2%Added
BlackRock, Inc.117,496$166.8K0.00%+9,625+8.9%Added
UBS Group AG102,576$145.7K0.00%−83,066−44.7%Reduced
Rathbone Brothers plc89,178$126.6K0.00%00.0%Unchanged
State Street Corp75,600$107.4K0.00%+36,000+90.9%Added
Forum Financial Management, LP60,501$85.9K0.00%00.0%Unchanged
Virtu Financial LLC52,547$75.0K0.00%+52,547New
Jane Street Group, LLC52,592$74.7K0.00%+52,592New
Shay Capital LLC40,863$58.0K0.01%00.0%Unchanged
Northern Trust Corp32,098$45.6K0.00%+793+2.5%Added
N.E.W. Advisory Services LLC14,000$19.9K0.00%+14,000New
Philip James Wealth Mangement, LLC12,000$17.0K0.00%00.0%Unchanged
Morgan Stanley8,401$11.9K0.00%−211−2.5%Reduced
Advisor Group Holdings, Inc.7,980$11.3K0.00%00.0%Unchanged
Tower Research Capital LLC (TRC)3,949$5.61K0.00%+3,949New
Westside Investment Management, Inc.2,650$3.76K0.00%00.0%Unchanged
GWM Advisors LLC1,700$2.41K0.00%00.0%Unchanged
Wolverine Asset Management LLC1,655$2.35K0.00%+1,655New
Concord Wealth Partners300$4260.00%+300New
Bank of America Corp119$1690.00%+1+0.8%Added
SBI Securities Co., Ltd.1$10.00%00.0%Unchanged
Marshall Wace, LLP0$00.00%−145,482−100.0%Sold out
Raymond James Financial Inc0$00.00%−12,800−100.0%Sold out
Quadrature Capital Ltd0$00.00%−11,926−100.0%Sold out
Federated Hermes, Inc.0$00.00%−451−100.0%Sold out