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MediaAlpha, Inc.

MAX
Exchange
NYSE
Industry
Services-Business Services, NEC
SEC CIK
0001818383

In the last 90 days, MediaAlpha, Inc. insiders filed 0 open-market purchases and 26 sales; 153 institutions reported holding it in 13F filings for Q2 2026, worth $610.7M in total; no superinvestor holds it.

13F holders, Q1 2024

Institutional positions in MediaAlpha, Inc. as of Mar 31, 2024. 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
122
+32 vs. Q4 2023
Shares held
44.5M
+2.41M (+5.7%) vs. Q4 2023
Total value
$905.9M
+$436.9M (+93.2%) vs. Q4 2023
New holders
40
37 more added
Sold out
8
33 more reduced

1 institution that held it in Q4 2023 haven't filed for Q1 2024 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q4 2023: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting MAX 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 holdersQ1 2024: 122 institutions
Q1 2021: 96 institutionsQ2 2021: 98 institutionsQ3 2021: 89 institutionsQ4 2021: 93 institutionsQ1 2022: 96 institutionsQ2 2022: 89 institutionsQ3 2022: 88 institutionsQ4 2022: 101 institutionsQ1 2023: 98 institutionsQ2 2023: 94 institutionsQ3 2023: 89 institutionsQ4 2023: 91 institutionsQ1 2024: 122 institutionsQ2 2024: 149 institutionsQ3 2024: 151 institutionsQ4 2024: 162 institutionsQ1 2025: 144 institutionsQ2 2025: 152 institutionsQ3 2025: 157 institutionsQ4 2025: 172 institutionsQ1 2026: 163 institutionsQ2 2026: 153 institutions
Value heldQ1 2024: $905.9M
Q1 2021: $1.29BQ2 2021: $1.59BQ3 2021: $708.5MQ4 2021: $616.6MQ1 2022: $677.3MQ2 2022: $393.0MQ3 2022: $358.0MQ4 2022: $398.7MQ1 2023: $602.5MQ2 2023: $463.6MQ3 2023: $341.7MQ4 2023: $470.3MQ1 2024: $905.9MQ2 2024: $660.8MQ3 2024: $885.5MQ4 2024: $542.2MQ1 2025: $436.3MQ2 2025: $528.5MQ3 2025: $544.3MQ4 2025: $618.6MQ1 2026: $452.0MQ2 2026: $610.7M
Institutions holding MAX and their total value by quarter
QuarterHoldersValue
Q2 2026153$610.7M
Q1 2026163$452.0M
Q4 2025172$618.6M
Q3 2025157$544.3M
Q2 2025152$528.5M
Q1 2025144$436.3M
Q4 2024162$542.2M
Q3 2024151$885.5M
Q2 2024149$660.8M
Q1 2024122$905.9M
Q4 202391$470.3M
Q3 202389$341.7M
Q2 202394$463.6M
Q1 202398$602.5M
Q4 2022101$398.7M
Q3 202288$358.0M
Q2 202289$393.0M
Q1 202296$677.3M
Q4 202193$616.6M
Q3 202189$708.5M
Q2 202198$1.59B
Q1 202196$1.29B

Institutions, Q1 2024

Shares, value and share of portfolio for each institution holding MediaAlpha, Inc.; share changes are against Q4 2023.

Institutions holding MAX in Q1 2024
InstitutionSharesValue% of portfolioChange in sharesAction
White Mountains Insurance Group Ltd22,856,814$465.6M75.44%00.0%Unchanged
Kayne Anderson Rudnick Investment Management LLC5,090,763$103.7M0.24%−394,530−7.2%Reduced
Vanguard Group Inc2,119,189$43.2M0.00%+276,641+15.0%Added
Broad Bay Capital Management, LP2,060,000$42.0M5.44%−258,964−11.2%Reduced
BlackRock Inc.1,739,961$35.4M0.00%+17,746+1.0%Added
TimesSquare Capital Management, LLC1,088,893$22.2M0.32%+1,088,893New
Millennium Management LLC609,782$12.4M0.01%−194,230−24.2%Reduced
Geode Capital Management, LLC470,991$9.60M0.00%+17,438+3.8%Added
Driehaus Capital Management LLC465,775$9.49M0.09%+465,775New
State Street Corp450,520$9.18M0.00%+27,532+6.5%Added
J. Goldman & Co LP444,157$9.05M0.41%+237,493+114.9%Added
Renaissance Technologies LLC394,600$8.04M0.01%+216,500+121.6%Added
Silvercrest Asset Management Group LLC375,509$7.65M0.05%+1,667+0.4%Added
Wells Fargo & Company349,266$7.11M0.00%+35,133+11.2%Added
Citadel Advisors LLC336,246$6.85M0.01%+307,818+1,082.8%Added
Morgan Stanley249,860$5.09M0.00%+164,297+192.0%Added
Triad Investment Management248,895$5.07M6.15%+368+0.1%Added
Earnest Partners LLC244,269$4.98M0.02%−371−0.2%Reduced
Jacobs Asset Management, LLC225,000$4.58M3.51%−93,215−29.3%Reduced
HBK Investments L P221,124$4.50M0.11%+221,124New
Emerald Mutual Fund Advisers Trust208,369$4.24M0.22%+208,369New
Invesco Ltd.201,685$4.11M0.00%+201,685New
Hillsdale Investment Management Inc.199,400$4.06M0.32%+199,400New
Northern Trust Corp198,223$4.04M0.00%+5,474+2.8%Added
D. E. Shaw & Co., Inc.180,326$3.67M0.00%+135,182+299.4%Added
Charles Schwab Investment Management Inc173,178$3.53M0.00%+1,913+1.1%Added
Schonfeld Strategic Advisors LLC157,003$3.20M0.03%+157,003New
Nantahala Capital Management, LLC149,371$3.04M0.30%−31,497−17.4%Reduced
Arrowstreet Capital, Limited Partnership145,875$2.97M0.00%+108,744+292.9%Added
Envestnet Asset Management Inc142,201$2.90M0.00%+142,201New
Nuveen Asset Management, LLC130,899$2.67M0.00%−37,225−22.1%Reduced
SEI Investments Co123,145$2.51M0.00%−88−0.1%Reduced
TownSquare Capital, LLC120,153$2.45M0.04%+5,916+5.2%Added
Nomura Holdings Inc107,784$2.20M0.02%−14,521−11.9%Reduced
Ararat Capital Management, LP105,373$2.15M0.61%−1,041,873−90.8%Reduced
Spears Abacus Advisors LLC98,280$2.00M0.04%+98,280New
Shay Capital LLC95,000$1.94M0.57%−6,500−6.4%Reduced
Federated Hermes, Inc.94,260$1.92M0.00%+94,260New
CenterBook Partners LP88,174$1.80M0.12%+88,174New
Two Sigma Investments, LP78,630$1.60M0.00%+78,630New
Ghisallo Capital Management LLC76,736$1.56M0.18%+76,736New
Mariner, LLC75,787$1.54M0.00%−25,731−25.3%Reduced
Daiwa Securities Group Inc.75,386$1.54M0.01%−25,900−25.6%Reduced
Bank of New York Mellon Corp72,652$1.48M0.00%+6,092+9.2%Added
JPMorgan Chase & Co67,484$1.37M0.00%+52,526+351.2%Added
Stifel Financial Corp64,920$1.32M0.00%+6,465+11.1%Added
Azzad Asset Management Inc57,691$1.18M0.14%−1,629−2.7%Reduced
Acadian Asset Management LLC55,011$1.12M0.00%+55,011New
Neuberger Berman Group LLC53,549$1.09M0.00%+22,104+70.3%Added
Goldman Sachs Group Inc51,920$1.06M0.00%+24,048+86.3%Added
Capula Management Ltd48,161$981.0K0.03%+48,161New
Clearline Capital LP42,552$866.8K0.09%−341,572−88.9%Reduced
Swiss National Bank41,000$835.2K0.00%00.0%Unchanged
ExodusPoint Capital Management, LP38,531$785.0K0.01%+38,531New
Credit Suisse AG38,432$782.9K0.00%+1,787+4.9%Added
Tudor Investment Corp Et Al34,968$712.3K0.01%+34,968New
Rhumbline Advisers34,240$697.5K0.00%−47−0.1%Reduced
Franklin Resources Inc29,638$603.7K0.00%+29,638New
US Bancorp28,933$589.4K0.00%−605−2.0%Reduced
UBS Group AG26,267$535.1K0.00%+10,643+68.1%Added
M&T Bank Corp26,027$530.4K0.00%+8,130+45.4%Added
Los Angeles Capital Management LLC24,535$499.8K0.00%+13,670+125.8%Added
Balyasny Asset Management LLC23,248$473.6K0.00%+23,248New
Alliancebernstein L.P.23,070$469.9K0.00%−1,310−5.4%Reduced
Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors22,740$463.2K0.08%+2,905+14.6%Added
Hartline Investment Corp22,740$463.2K0.08%+22,740New
HSBC Holdings PLC22,209$452.4K0.00%+4,881+28.2%Added
California State Teachers Retirement System21,293$433.7K0.00%−881−4.0%Reduced
Barclays PLC20,915$426.0K0.00%−22,254−51.6%Reduced
Legal & General Group Plc20,078$409.0K0.00%00.0%Unchanged
Portside Wealth Group, LLC19,430$395.8K0.07%+675+3.6%Added
Norden Group LLC18,750$381.9K0.08%+4,633+32.8%Added
Y-Intercept (Hong Kong) Ltd18,316$373.1K0.03%+18,316New
Westfield Capital Management Co LP17,850$363.6K0.00%+17,850New
Picton Mahoney Asset Management17,595$356.0K0.01%−2,885−14.1%Reduced
Qube Research & Technologies Ltd16,618$338.5K0.00%+16,618New
HRT Financial LP16,064$327.0K0.00%+16,064New
Jane Street Group, LLC15,749$320.8K0.00%−15,724−50.0%Reduced
State of Wyoming15,522$316.2K0.05%−1,172−7.0%Reduced
Mackenzie Financial Corp14,640$298.2K0.00%−1,552−9.6%Reduced
Price T Rowe Associates Inc14,321$292.0K0.00%+1,235+9.4%Added
Janus Henderson Group PLC13,962$284.1K0.00%+13,962New
Baker Tilly Wealth Management, LLC13,354$272.0K0.05%−421−3.1%Reduced
Deutsche Bank AG13,196$268.8K0.00%+585+4.6%Added
Jump Financial, LLC13,019$265.2K0.01%+13,019New
State of Wisconsin Investment Board12,577$256.2K0.00%+12,577New
Bank of America Corp12,199$248.5K0.00%−144,156−92.2%Reduced
MetLife Investment Management12,185$248.2K0.00%+2,113+21.0%Added
American International Group, Inc.11,324$230.7K0.00%+84+0.7%Added
Citigroup Inc11,237$228.9K0.00%+7,983+245.3%Added
Squarepoint Ops LLC10,637$216.7K0.00%+10,637New
Dimensional Fund Advisors LP10,278$209.4K0.00%00.0%Unchanged
Alliance Wealth Advisors, LLC10,103$205.8K0.06%−224−2.2%Reduced
New York State Common Retirement Fund9,846$200.6K0.00%−12−0.1%Reduced
SYSTM Wealth Solutions LLC8,736$178.0K0.02%+8,736New
Lazard Asset Management LLC8,131$165.0K0.00%+8,131New
Mirae Asset Global Investments Co., Ltd.10,547$152.9K0.00%00.0%Unchanged
EntryPoint Capital, LLC6,692$136.3K0.12%+6,692New
Allspring Global Investments Holdings, LLC4,170$84.9K0.00%−1,615−27.9%Reduced
Tower Research Capital LLC (TRC)3,717$75.7K0.00%−725−16.3%Reduced