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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, Q3 2024

Institutional positions in MediaAlpha, Inc. as of Sep 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
151
+3 vs. Q2 2024
Shares held
48.9M
+1.19M (+2.5%) vs. Q2 2024
Total value
$885.5M
+$257.3M (+41.0%) vs. Q2 2024
New holders
32
63 more added
Sold out
29
39 more reduced

1 institution that held it in Q2 2024 haven't filed for Q3 2024 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q2 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 holdersQ3 2024: 151 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 heldQ3 2024: $885.5M
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, Q3 2024

Shares, value and share of portfolio for each institution holding MediaAlpha, Inc.; share changes are against Q2 2024.

Institutions holding MAX in Q3 2024
InstitutionSharesValue% of portfolioChange in sharesAction
White Mountains Insurance Group Ltd17,856,614$323.4M59.53%00.0%Unchanged
BlackRock, Inc.3,768,316$68.2M0.00%+3,768,316New
Vanguard Group Inc3,453,690$62.5M0.00%+372,426+12.1%Added
Broad Bay Capital Management, LP2,467,466$44.7M6.14%+84,257+3.5%Added
Driehaus Capital Management LLC2,247,395$40.7M0.35%+810,780+56.4%Added
Clearline Capital LP1,241,419$22.5M1.99%+664,691+115.3%Added
Nuveen Asset Management, LLC1,139,264$20.6M0.01%+1,039,257+1,039.2%Added
TimesSquare Capital Management, LLC916,405$16.6M0.25%−156,155−14.6%Reduced
Arrowstreet Capital, Limited Partnership869,786$15.8M0.01%+404,033+86.7%Added
Divisadero Street Capital Management, LP748,694$13.6M1.74%+144,588+23.9%Added
Morgan Stanley722,713$13.1M0.00%−27,110−3.6%Reduced
Geode Capital Management, LLC690,574$12.5M0.00%+154,637+28.9%Added
Qube Research & Technologies Ltd679,749$12.3M0.02%+110,555+19.4%Added
Goldman Sachs Group Inc555,537$10.1M0.00%+328,541+144.7%Added
Invesco Ltd.551,485$9.99M0.00%+551,485New
State Street Corp547,906$9.92M0.00%+35,960+7.0%Added
D. E. Shaw & Co., Inc.480,571$8.70M0.01%+35,897+8.1%Added
J. Goldman & Co LP466,427$8.45M0.37%+367,197+370.0%Added
Silvercrest Asset Management Group LLC447,148$8.10M0.06%+76,106+20.5%Added
Lazard Asset Management LLC439,675$7.96M0.01%+420,570+2,201.4%Added
Deutsche Bank AG418,596$7.58M0.00%+78,029+22.9%Added
Millennium Management LLC409,044$7.41M0.01%−67,975−14.2%Reduced
Lighthouse Investment Partners, LLC351,664$6.37M0.34%+47,771+15.7%Added
Jacobs Asset Management, LLC338,775$6.14M4.06%−111,225−24.7%Reduced
Philadelphia Financial Management of San Francisco, LLC299,399$5.42M1.16%−429,331−58.9%Reduced
Renaissance Technologies LLC287,300$5.20M0.01%−182,700−38.9%Reduced
Two Sigma Investments, LP275,228$4.98M0.01%−606−0.2%Reduced
Charles Schwab Investment Management Inc273,944$4.96M0.00%+71,676+35.4%Added
Northern Trust Corp255,217$4.62M0.00%+47,775+23.0%Added
Cubist Systematic Strategies, LLC252,252$4.57M0.07%+6,595+2.7%Added
Earnest Partners LLC240,538$4.36M0.02%00.0%Unchanged
Bank of America Corp229,056$4.15M0.00%+135,849+145.7%Added
Hillsdale Investment Management Inc.208,100$3.77M0.29%+2,200+1.1%Added
Teacher Retirement System of Texas197,228$3.57M0.02%+130,677+196.4%Added
Shay Capital LLC197,000$3.57M1.05%−193,000−49.5%Reduced
Squarepoint Ops LLC196,665$3.56M0.01%+146,326+290.7%Added
Voloridge Investment Management, LLC185,165$3.35M0.01%−348,538−65.3%Reduced
Citadel Advisors LLC181,928$3.29M0.00%−308,503−62.9%Reduced
Trexquant Investment LP181,839$3.29M0.04%+89,932+97.9%Added
Marshall Wace, LLP177,826$3.22M0.00%−179,201−50.2%Reduced
Franklin Resources Inc128,604$2.43M0.00%+64,331+100.1%Added
Algert Global LLC125,271$2.27M0.06%+112,962+917.7%Added
Nantahala Capital Management, LLC123,564$2.24M0.19%00.0%Unchanged
Federated Hermes, Inc.121,674$2.20M0.00%+108+0.1%Added
Two Sigma Advisers, LP108,200$1.96M0.00%+29,700+37.8%Added
Balyasny Asset Management LLC103,305$1.87M0.00%+10,510+11.3%Added
Jackson Creek Investment Advisors LLC96,757$1.75M0.52%+96,757New
Acadian Asset Management LLC88,695$1.60M0.00%−102,738−53.7%Reduced
CenterBook Partners LP80,566$1.46M0.09%−234,526−74.4%Reduced
JPMorgan Chase & Co80,071$1.45M0.00%+69,477+655.8%Added
Bank of New York Mellon Corp76,593$1.39M0.00%−7,562−9.0%Reduced
Tudor Investment Corp Et Al75,291$1.36M0.01%−35,048−31.8%Reduced
UBS Asset Management Americas Inc73,428$1.33M0.00%+5,708+8.4%Added
AQR Capital Management LLC70,408$1.28M0.00%+54,769+350.2%Added
PDT Partners, LLC68,331$1.24M0.11%+68,331New
Barclays PLC66,525$1.20M0.00%+53,809+423.2%Added
Spears Abacus Advisors LLC65,825$1.19M0.02%+1,900+3.0%Added
Swiss National Bank64,100$1.16M0.00%00.0%Unchanged
Susquehanna International Group, LLP60,670$1.10M0.00%+44,123+266.7%Added
Mariner, LLC56,444$1.02M0.00%−47,456−45.7%Reduced
Los Angeles Capital Management LLC55,183$999.4K0.00%+26,420+91.9%Added
Jump Financial, LLC54,021$978.3K0.02%−55,832−50.8%Reduced
State of Wisconsin Investment Board52,334$947.8K0.00%+22,585+75.9%Added
Deerfield Management Company, L.P. (Series C)48,093$871.0K0.01%+20,463+74.1%Added
Danske Bank A/S47,286$856.3K0.00%+47,286New
Gsa Capital Partners LLP44,418$804.0K0.06%+44,418New
HSBC Holdings PLC44,153$797.9K0.00%+20,362+85.6%Added
Simplex Trading, LLC41,760$756.0K0.03%+32,870+369.7%Added
Rhumbline Advisers41,649$754.3K0.00%+4,898+13.3%Added
Nebula Research & Development LLC41,212$746.3K0.09%+41,212New
SEI Investments Co41,068$743.7K0.00%−138,134−77.1%Reduced
Connor, Clark & Lunn Investment Management Ltd.41,061$743.6K0.00%+41,061New
Y-Intercept (Hong Kong) Ltd39,035$706.9K0.04%+39,035New
Sterling Capital Management LLC38,394$695.3K0.01%+38,394New
Jane Street Group, LLC38,237$692.5K0.00%−62,393−62.0%Reduced
Sherbrooke Park Advisers LLC36,445$660.0K0.15%+9,482+35.2%Added
Victory Capital Management Inc36,372$658.7K0.00%+152+0.4%Added
Corton Capital Inc.35,475$642.5K0.31%+7,713+27.8%Added
Point72 Asset Management, L.P.34,407$623.1K0.00%+24,077+233.1%Added
Westfield Capital Management Co LP33,800$612.1K0.00%00.0%Unchanged
Graham Capital Management, L.P.31,667$573.5K0.02%+31,667New
Caption Management, LLC31,000$561.4K0.06%+31,000New
California State Teachers Retirement System30,598$554.1K0.00%−593−1.9%Reduced
Fox Run Management, L.L.C.30,393$550.4K0.12%+30,393New
Centiva Capital, LP29,526$534.7K0.02%+29,526New
OmniStar Financial Group, Inc.28,879$523.0K0.39%+28,879New
Alliancebernstein L.P.28,330$513.1K0.00%−4,070−12.6%Reduced
Allspring Global Investments Holdings, LLC27,119$491.1K0.00%+27,119New
Legal & General Group Plc26,880$486.8K0.00%+472+1.8%Added
Quantbot Technologies LP26,096$472.6K0.02%+7,154+37.8%Added
EntryPoint Capital, LLC25,932$469.6K0.27%+3,945+17.9%Added
Petrus Trust Company, LTA24,579$445.1K0.04%+8,775+55.5%Added
Alpha DNA Investment Management LLC24,544$444.5K0.24%−1,847−7.0%Reduced
Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors23,890$432.6K0.07%00.0%Unchanged
XTX Topco Ltd22,581$408.9K0.03%+22,581New
Citigroup Inc22,258$403.1K0.00%+16,734+302.9%Added
SG Americas Securities, LLC21,887$396.0K0.00%+21,887New
Engineers Gate Manager LP21,862$395.9K0.01%−8,544−28.1%Reduced
ExodusPoint Capital Management, LP21,641$392.0K0.00%−61,696−74.0%Reduced
Zacks Investment Management20,765$376.1K0.00%+20,765New