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Institutional Ownership · SEC Form 13F

Who owns Spectral AI (MDAI)


Which tracked institutional funds hold MDAI, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See MDAI company fundamentals →

Ownership as of the 2026-Q2 13F filings (latest filed 2026-09-22). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.

46
Institutional holders
7M
Shares held (tracked funds)
21.7%
Of shares outstanding

How the tape is positioned

2 tracked funds added or opened MDAI while 2 trimmed or exited it between 2026-Q1 and 2026-Q2 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.

A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.

Conviction spread

MDAI’s largest tracked holder by dollar value, Clear Street Derivatives LLC, sizes it at 12.3% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 12.3pp conviction gap — its largest holder concentrates the name more heavily than the typical one.

Book-share is each fund’s reported value in MDAI divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.

Institutional & insider positioning

Between 2026-Q1 and 2026-Q2, across 46 tracked filers holding MDAI, 22 increased or opened the position and 17 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.

This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.

New buyers & exits

Funds opening or closing a position in MDAI between the 2026-Q1 and 2026-Q2 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.

New buyers 1

  • MARSHALL WACE, LLP$1M

Full exits 2

  • Q Global Advisors, LLC$56M
  • TENOR CAPITAL MANAGEMENT Co., L.P.$37M

Largest adds

  • VANGUARD CAPITAL MANAGEMENT LLC$653K

Institutional holders

One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).

FundSharesReported value% of valueQuarter
VANGUARD CAPITAL MANAGEMENT LLC added994,410$2M0.9%2026-Q2
Highlander Partners, L.P.900,000$2M0.9%2026-Q2
MARSHALL WACE, LLP added827,454$1M0.8%2026-Q2
BRIDGEWAY CAPITAL MANAGEMENT, LLC added287,000$497K0.3%2026-Q2
JANE STREET GROUP, LLC added226,319$392K0.2%2026-Q2
UBS Group AG added225,823$391K0.2%2026-Q2
GEODE CAPITAL MANAGEMENT, LLC trimmed222,595$385K0.2%2026-Q2
BlackRock, Inc. added161,777$280K0.2%2026-Q2
LMR Partners LLP added503,694$280K0.2%2026-Q2
LPL Financial LLC new160,701$278K0.2%2026-Q2
VANGUARD FIDUCIARY TRUST CO added142,664$247K0.1%2026-Q2
UNIVERSITY OF TEXAS/TEXAS AM INVESTMENT MANAGEMENT CO trimmed121,711$211K0.1%2026-Q2
ARISTEIA CAPITAL, L.L.C.359,943$200K0.1%2026-Q2
Oasis Management Co Ltd.100,000$173K0.1%2026-Q2
Rathbones Group PLC87,045$151K0.1%2026-Q2
STATE STREET CORP75,600$131K0.1%2026-Q2
Clear Street Group Inc. trimmed233,357$130K0.1%2026-Q2
Forum Financial Management, LP60,501$105K0.1%2026-Q2
NORTHERN TRUST CORP added50,547$87K0.0%2026-Q2
GOLDMAN SACHS GROUP INC123,629$69K0.0%2026-Q2
TORONTO DOMINION BANK117,931$65K0.0%2026-Q2
XTX Topco Ltd added32,927$57K0.0%2026-Q2
MOORE CAPITAL MANAGEMENT, LP100,000$56K0.0%2026-Q2
Calamos Advisors LLC81,526$48K0.0%2026-Q2
Caption Management, LLC83,537$46K0.0%2026-Q2
TPG GP A, LLC74,999$42K0.0%2026-Q2
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND66,666$39K0.0%2026-Q2
N.E.W. Advisory Services LLC added20,010$35K0.0%2026-Q2
JPMORGAN CHASE & CO added20,259$34K0.0%2026-Q2
Saba Capital Management, L.P.59,763$33K0.0%2026-Q2
StoneX Group Inc. new15,343$32K0.0%2026-Q2
ROYAL BANK OF CANADA added15,452$27K0.0%2026-Q2
MORGAN STANLEY added13,799$24K0.0%2026-Q2
RAYMOND JAMES FINANCIAL INC12,800$22K0.0%2026-Q2
Tower Research Capital LLC (TRC) added12,121$21K0.0%2026-Q2
Philip James Wealth Mangement, LLC12,000$21K0.0%2026-Q2
Engineers Gate Manager LP new11,046$19K0.0%2026-Q2
Empery Asset Management, LP33,336$19K0.0%2026-Q2
WOLVERINE ASSET MANAGEMENT LLC added8,123$14K0.0%2026-Q2
OSAIC HOLDINGS, INC.6,480$11K0.0%2026-Q2
Westside Investment Management, Inc.2,650$5K0.0%2026-Q2
NewEdge Advisors, LLC1,700$3K0.0%2026-Q2
BARCLAYS PLC added328$5670.0%2026-Q2
Concord Wealth Partners300$5190.0%2026-Q2
Rockefeller Capital Management L.P. new173$2990.0%2026-Q2
LONGFELLOW INVESTMENT MANAGEMENT CO LLC100$560.0%2026-Q2
Q Global Advisors, LLC99,670$56M30.7%2026-Q1 stale (1 quarter behind)
TENOR CAPITAL MANAGEMENT Co., L.P.66,666$37M20.5%2026-Q1 stale (1 quarter behind)
Shay Capital LLC trimmed14,944$22K0.0%2026-Q1 stale (1 quarter behind)
CITIGROUP INC trimmed14,835$22K0.0%2026-Q1 stale (1 quarter behind)
FOURSIXTHREE CAPITAL LP11,666$7K0.0%2026-Q1 stale (1 quarter behind)
Farther Finance Advisors, LLC1,000$5900.0%2026-Q1 stale (1 quarter behind)
Hudson Bay Capital Management LP new1,526,716$2M1.2%2025-Q4 stale (2 quarters behind)
VANGUARD GROUP INC added842,049$1M0.7%2025-Q4 stale (2 quarters behind)
DNB Asset Management AS added136,473$194K0.1%2025-Q4 stale (2 quarters behind)
Virtu Financial LLC added52,547$75K0.0%2025-Q4 stale (2 quarters behind)
BANK OF AMERICA CORP /DE/ added5,941$3K0.0%2025-Q4 stale (2 quarters behind)
SBI Securities Co., Ltd.1$10.0%2025-Q4 stale (2 quarters behind)
BALYASNY ASSET MANAGEMENT L.P.190,324$135K0.1%2025-Q3 stale (3 quarters behind)
Quadrature Capital Ltd trimmed11,926$27K0.0%2025-Q3 stale (3 quarters behind)
FEDERATED HERMES, INC. trimmed451$1K0.0%2025-Q3 stale (3 quarters behind)
Clear Street Derivatives LLC105,049$74M40.4%2025-Q2 stale (4 quarters behind)
STIFEL FINANCIAL CORP758,584$2M1.0%2025-Q2 stale (4 quarters behind)
CLEAR STREET LLC301,801$211K0.1%2025-Q2 stale (4 quarters behind)
CONCOURSE FINANCIAL GROUP SECURITIES, INC.0—0.0%2025-Q2 stale (4 quarters behind)

Ownership over time

Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.

HoldersTotal shares

Reading this table

Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.

About 13F filings

A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.

Learn how to read institutional ownership