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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, Q2 2024

Institutional positions in MediaAlpha, Inc. as of Jun 30, 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
149
+29 vs. Q1 2024
Shares held
50.2M
+5.99M (+13.6%) vs. Q1 2024
Total value
$660.8M
−$239.2M (−26.6%) vs. Q1 2024
New holders
48
64 more added
Sold out
19
28 more reduced

2 institutions that held it in Q1 2024 haven't filed for Q2 2024 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q1 2024: 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 holdersQ2 2024: 149 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 heldQ2 2024: $660.8M
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, Q2 2024

Shares, value and share of portfolio for each institution holding MediaAlpha, Inc.; share changes are against Q1 2024.

Institutions holding MAX in Q2 2024
InstitutionSharesValue% of portfolioChange in sharesAction
White Mountains Insurance Group Ltd17,856,614$235.2M53.00%−5,000,200−21.9%Reduced
Kayne Anderson Rudnick Investment Management LLC4,679,669$61.6M0.15%−411,094−8.1%Reduced
Vanguard Group Inc3,081,264$40.6M0.00%+962,075+45.4%Added
BlackRock Inc.2,482,109$32.7M0.00%+742,148+42.7%Added
Broad Bay Capital Management, LP2,383,209$31.4M4.29%+323,209+15.7%Added
Driehaus Capital Management LLC1,436,615$18.9M0.18%+970,840+208.4%Added
TimesSquare Capital Management, LLC1,072,560$14.1M0.22%−16,333−1.5%Reduced
Morgan Stanley749,823$9.88M0.00%+499,963+200.1%Added
Philadelphia Financial Management of San Francisco, LLC728,730$9.60M2.23%+728,730New
Divisadero Street Capital Management, LP604,106$7.96M1.30%+604,106New
Emerald Advisers, LLC598,517$7.88M0.33%+597,355+51,407.5%Added
Clearline Capital LP576,728$7.60M0.66%+534,176+1,255.3%Added
Qube Research & Technologies Ltd569,194$7.50M0.01%+552,576+3,325.2%Added
Geode Capital Management, LLC535,937$7.06M0.00%+64,946+13.8%Added
Voloridge Investment Management, LLC533,703$7.03M0.03%+533,703New
State Street Corp511,946$6.74M0.00%+61,426+13.6%Added
Citadel Advisors LLC490,431$6.46M0.01%+154,185+45.9%Added
Ghisallo Capital Management LLC487,500$6.42M0.55%+410,764+535.3%Added
Millennium Management LLC477,019$6.28M0.01%−132,763−21.8%Reduced
Renaissance Technologies LLC470,000$6.19M0.01%+75,400+19.1%Added
Arrowstreet Capital, Limited Partnership465,753$6.13M0.01%+319,878+219.3%Added
Jacobs Asset Management, LLC450,000$5.93M3.77%+225,000+100.0%Added
D. E. Shaw & Co., Inc.444,674$5.86M0.01%+264,348+146.6%Added
Shay Capital LLC390,000$5.14M1.43%+295,000+310.5%Added
Silvercrest Asset Management Group LLC371,042$4.89M0.03%−4,467−1.2%Reduced
Marshall Wace, LLP357,027$4.70M0.01%+357,027New
Wells Fargo & Company345,878$4.56M0.00%−3,388−1.0%Reduced
Deutsche Bank AG340,567$4.49M0.00%+327,371+2,480.8%Added
CenterBook Partners LP315,092$4.15M0.26%+226,918+257.4%Added
Emerald Mutual Fund Advisers Trust311,796$4.11M0.22%+103,427+49.6%Added
Lighthouse Investment Partners, LLC303,893$4.00M0.22%+303,893New
Two Sigma Investments, LP275,834$3.63M0.01%+197,204+250.8%Added
Cubist Systematic Strategies, LLC245,657$3.24M0.06%+245,657New
Earnest Partners LLC240,538$3.17M0.01%−3,731−1.5%Reduced
Goldman Sachs Group Inc226,996$2.99M0.00%+175,076+337.2%Added
Northern Trust Corp207,442$2.73M0.00%+9,219+4.7%Added
Hillsdale Investment Management Inc.205,900$2.71M0.21%+6,500+3.3%Added
Charles Schwab Investment Management Inc202,268$2.66M0.00%+29,090+16.8%Added
HBK Investments L P200,000$2.63M0.06%−21,124−9.6%Reduced
Acadian Asset Management LLC191,433$2.52M0.01%+136,422+248.0%Added
SEI Investments Co179,202$2.36M0.00%+56,057+45.5%Added
Verition Fund Management LLC140,931$1.86M0.01%+140,931New
Envestnet Asset Management Inc138,872$1.83M0.00%−3,329−2.3%Reduced
Nantahala Capital Management, LLC123,564$1.63M0.16%−25,807−17.3%Reduced
Federated Hermes, Inc.121,566$1.60M0.00%+27,306+29.0%Added
TownSquare Capital, LLC114,668$1.51M0.02%−5,485−4.6%Reduced
Tudor Investment Corp Et Al110,339$1.45M0.02%+75,371+215.5%Added
Jump Financial, LLC109,853$1.45M0.03%+96,834+743.8%Added
Mariner, LLC103,900$1.37M0.00%+28,113+37.1%Added
Jane Street Group, LLC100,630$1.33M0.00%+84,881+539.0%Added
Nuveen Asset Management, LLC100,007$1.32M0.00%−30,892−23.6%Reduced
J. Goldman & Co LP99,230$1.31M0.05%−344,927−77.7%Reduced
Bank of America Corp93,207$1.23M0.00%+81,008+664.1%Added
Balyasny Asset Management LLC92,795$1.22M0.00%+69,547+299.2%Added
Trexquant Investment LP91,907$1.21M0.02%+91,907New
Bank of New York Mellon Corp84,155$1.11M0.00%+11,503+15.8%Added
ExodusPoint Capital Management, LP83,337$1.10M0.01%+44,806+116.3%Added
Two Sigma Advisers, LP78,500$1.03M0.00%+78,500New
Daiwa Securities Group Inc.69,586$916.0K0.00%−5,800−7.7%Reduced
Group One Trading, L.P.68,186$898.0K0.03%+68,186New
UBS Asset Management Americas Inc67,720$891.9K0.00%+67,720New
Teacher Retirement System of Texas66,551$876.0K0.00%+66,551New
Stifel Financial Corp64,716$852.3K0.00%−204−0.3%Reduced
Franklin Resources Inc64,273$846.5K0.00%+34,635+116.9%Added
Swiss National Bank64,100$844.2K0.00%+23,100+56.3%Added
Spears Abacus Advisors LLC63,925$841.9K0.02%−34,355−35.0%Reduced
Neuberger Berman Group LLC57,328$755.0K0.00%+3,779+7.1%Added
Squarepoint Ops LLC50,339$663.0K0.00%+39,702+373.2%Added
Jacobs Levy Equity Management, Inc48,666$640.9K0.00%+48,666New
UBS Group AG48,498$638.7K0.00%+22,231+84.6%Added
Azzad Asset Management Inc43,173$568.6K0.07%−14,518−25.2%Reduced
Rhumbline Advisers36,751$484.0K0.00%+2,511+7.3%Added
Victory Capital Management Inc36,220$477.0K0.00%+36,220New
Westfield Capital Management Co LP33,800$445.1K0.00%+15,950+89.4%Added
Alliancebernstein L.P.32,400$426.7K0.00%+9,330+40.4%Added
California State Teachers Retirement System31,191$410.8K0.00%+9,898+46.5%Added
Engineers Gate Manager LP30,406$400.4K0.01%+30,406New
State of Wisconsin Investment Board29,749$391.8K0.00%+17,172+136.5%Added
Los Angeles Capital Management LLC28,763$378.8K0.00%+4,228+17.2%Added
Corton Capital Inc.27,762$365.6K0.19%+27,762New
Deerfield Management Company, L.P. (Series C)27,630$363.9K0.01%+27,630New
Sherbrooke Park Advisers LLC26,963$355.1K0.06%+26,963New
Legal & General Group Plc26,408$347.8K0.00%+6,330+31.5%Added
Alpha DNA Investment Management LLC26,391$347.6K0.20%+26,391New
M&T Bank Corp25,874$341.0K0.00%−153−0.6%Reduced
Walleye Capital LLC24,003$316.1K0.00%+24,003New
Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors23,890$314.6K0.05%+1,150+5.1%Added
US Bancorp23,862$314.3K0.00%−5,071−17.5%Reduced
HSBC Holdings PLC23,791$312.4K0.00%+1,582+7.1%Added
Quest Partners LLC22,201$292.4K0.04%+20,203+1,011.2%Added
EntryPoint Capital, LLC21,987$289.6K0.13%+15,295+228.6%Added
Russell Investments Group, Ltd.20,689$272.5K0.00%+20,689New
State of Wyoming19,482$256.6K0.04%+3,960+25.5%Added
Atria Investments LLC19,203$252.9K0.00%+19,203New
Lazard Asset Management LLC19,105$251.0K0.00%+10,974+135.0%Added
Quantbot Technologies LP18,942$249.5K0.01%+18,942New
Portside Wealth Group, LLC18,781$247.3K0.05%−649−3.3%Reduced
BNP PARIBAS ASSET MANAGEMENT Holding S.A.17,068$225.0K0.00%+17,068New
Susquehanna International Group, LLP16,547$217.9K0.00%+16,547New
HRT Financial LP16,469$216.0K0.00%+405+2.5%Added