Skip to main content

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, Q4 2024

Institutional positions in MediaAlpha, Inc. as of Dec 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
162
+11 vs. Q3 2024
Shares held
48.0M
−853.1K (−1.7%) vs. Q3 2024
Total value
$542.2M
−$343.3M (−38.8%) vs. Q3 2024
New holders
35
66 more added
Sold out
24
47 more reduced

Compare with Q3 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 holdersQ4 2024: 162 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 heldQ4 2024: $542.2M
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, Q4 2024

Shares, value and share of portfolio for each institution holding MediaAlpha, Inc.; share changes are against Q3 2024.

Institutions holding MAX in Q4 2024
InstitutionSharesValue% of portfolioChange in sharesAction
White Mountains Insurance Group Ltd17,856,614$201.6M47.31%00.0%Unchanged
Vanguard Group Inc3,623,344$40.9M0.00%+169,654+4.9%Added
BlackRock, Inc.3,557,049$40.2M0.00%−211,267−5.6%Reduced
Broad Bay Capital Management, LP2,218,685$25.0M4.05%−248,781−10.1%Reduced
TimesSquare Capital Management, LLC1,628,815$18.4M0.27%+712,410+77.7%Added
Clearline Capital LP1,188,161$13.4M1.78%−53,258−4.3%Reduced
Driehaus Capital Management LLC960,757$10.8M0.09%−1,286,638−57.3%Reduced
Goldman Sachs Group Inc804,930$9.09M0.00%+249,393+44.9%Added
Millennium Management LLC781,349$8.82M0.01%+372,305+91.0%Added
Arrowstreet Capital, Limited Partnership762,575$8.61M0.01%−107,211−12.3%Reduced
Geode Capital Management, LLC698,703$7.89M0.00%+8,129+1.2%Added
Qube Research & Technologies Ltd670,153$7.57M0.01%−9,596−1.4%Reduced
Morgan Stanley611,061$6.90M0.00%−111,652−15.4%Reduced
State Street Corp605,986$6.84M0.00%+58,080+10.6%Added
Nuveen Asset Management, LLC587,627$6.63M0.00%−551,637−48.4%Reduced
Renaissance Technologies LLC539,300$6.09M0.01%+252,000+87.7%Added
Jacobs Levy Equity Management, Inc476,342$5.38M0.02%+459,227+2,683.2%Added
AQR Capital Management LLC472,215$5.33M0.01%+401,807+570.7%Added
CenterBook Partners LP471,864$5.33M0.32%+391,298+485.7%Added
Lazard Asset Management LLC456,550$5.15M0.01%+16,875+3.8%Added
Shay Capital LLC447,500$5.05M1.24%+250,500+127.2%Added
Acadian Asset Management LLC444,753$5.01M0.01%+356,058+401.4%Added
UBS Group AG416,126$4.70M0.00%+397,020+2,078.0%Added
Marshall Wace, LLP387,701$4.38M0.01%+209,875+118.0%Added
D. E. Shaw & Co., Inc.378,211$4.27M0.00%−102,360−21.3%Reduced
Jacobs Asset Management, LLC356,900$4.03M2.58%+18,125+5.4%Added
Charles Schwab Investment Management Inc324,497$3.66M0.00%+50,553+18.5%Added
J. Goldman & Co LP311,125$3.51M0.12%−155,302−33.3%Reduced
Northern Trust Corp282,172$3.19M0.00%+26,955+10.6%Added
Norges Bank281,900$3.18M0.00%+281,900New
Earnest Partners LLC241,559$2.73M0.01%+1,021+0.4%Added
Two Sigma Investments, LP224,198$2.53M0.01%−51,030−18.5%Reduced
Hillsdale Investment Management Inc.208,900$2.36M0.12%+800+0.4%Added
ExodusPoint Capital Management, LP166,912$1.88M0.02%+145,271+671.3%Added
Allianz Asset Management GmbH166,435$1.88M0.00%+166,435New
Squarepoint Ops LLC155,458$1.76M0.00%−41,207−21.0%Reduced
Citadel Advisors LLC155,034$1.75M0.00%−26,894−14.8%Reduced
Trexquant Investment LP139,578$1.58M0.02%−42,261−23.2%Reduced
Algert Global LLC136,509$1.54M0.04%+11,238+9.0%Added
Cubist Systematic Strategies, LLC129,872$1.47M0.02%−122,380−48.5%Reduced
Los Angeles Capital Management LLC126,045$1.42M0.01%+70,862+128.4%Added
Nantahala Capital Management, LLC123,564$1.40M0.10%00.0%Unchanged
JPMorgan Chase & Co122,386$1.38M0.00%+42,315+52.8%Added
Two Sigma Advisers, LP118,400$1.34M0.00%+10,200+9.4%Added
SEI Investments Co115,181$1.30M0.00%+74,113+180.5%Added
Deutsche Bank AG100,071$1.13M0.00%−318,525−76.1%Reduced
Jackson Creek Investment Advisors LLC93,844$1.06M0.32%−2,913−3.0%Reduced
Bank of New York Mellon Corp89,949$1.02M0.00%+13,356+17.4%Added
UBS Asset Management Americas Inc89,478$1.01M0.00%+16,050+21.9%Added
Victory Capital Management Inc85,564$966.0K0.00%+49,192+135.2%Added
Lighthouse Investment Partners, LLC85,081$960.6K0.04%−266,583−75.8%Reduced
Schroder Investment Management Group80,817$901.9K0.00%+80,817New
Segall Bryant & Hamill, LLC73,172$826.1K0.01%+73,172New
Jump Financial, LLC72,500$818.5K0.02%+18,479+34.2%Added
HRT Financial LP69,779$787.0K0.00%+69,779New
Connor, Clark & Lunn Investment Management Ltd.67,832$765.8K0.00%+26,771+65.2%Added
Graham Capital Management, L.P.64,251$725.4K0.02%+32,584+102.9%Added
Swiss National Bank64,100$723.7K0.00%00.0%Unchanged
Barclays PLC62,463$705.2K0.00%−4,062−6.1%Reduced
Mariner, LLC60,433$682.3K0.00%+3,989+7.1%Added
Mackenzie Financial Corp60,259$680.3K0.00%+46,996+354.3%Added
Franklin Resources Inc59,724$674.3K0.00%−68,880−53.6%Reduced
Verition Fund Management LLC57,396$648.0K0.00%+43,142+302.7%Added
Jane Street Group, LLC55,309$624.4K0.00%+17,072+44.6%Added
Blair William & Co53,066$599.1K0.00%+53,066New
Bank of America Corp51,589$582.4K0.00%−177,467−77.5%Reduced
Engineers Gate Manager LP51,187$577.9K0.01%+29,325+134.1%Added
Russell Investments Group, Ltd.49,625$556.6K0.00%+40,051+418.3%Added
Fox Run Management, L.L.C.46,797$528.3K0.10%+16,404+54.0%Added
Spears Abacus Advisors LLC45,700$516.0K0.01%−20,125−30.6%Reduced
Dynamic Technology Lab Private Ltd45,654$515.0K0.08%+31,206+216.0%Added
Severin Investments, LLC45,493$513.6K0.51%+45,493New
XTX Topco Ltd44,483$502.2K0.04%+21,902+97.0%Added
Rhumbline Advisers43,431$490.3K0.00%+1,782+4.3%Added
Sherbrooke Park Advisers LLC42,843$483.7K0.15%+6,398+17.6%Added
Alpha DNA Investment Management LLC41,543$469.0K0.26%+16,999+69.3%Added
HSBC Holdings PLC41,425$466.9K0.00%−2,728−6.2%Reduced
Nebula Research & Development LLC40,109$452.8K0.05%−1,103−2.7%Reduced
Corton Capital Inc.38,487$434.5K0.25%+3,012+8.5%Added
Teacher Retirement System of Texas37,539$424.0K0.00%−159,689−81.0%Reduced
Quantbot Technologies LP37,247$420.5K0.02%+11,151+42.7%Added
Westfield Capital Management Co LP33,800$381.6K0.00%00.0%Unchanged
State of Wisconsin Investment Board33,483$378.0K0.00%−18,851−36.0%Reduced
Gsa Capital Partners LLP31,810$359.0K0.03%−12,608−28.4%Reduced
Susquehanna International Group, LLP31,253$352.8K0.00%−29,417−48.5%Reduced
California State Teachers Retirement System30,346$342.6K0.00%−252−0.8%Reduced
BNP Paribas Arbitrage, SA28,630$323.2K0.00%+28,630New
Alliancebernstein L.P.28,330$319.8K0.00%00.0%Unchanged
Legal & General Group Plc28,174$318.1K0.00%+1,294+4.8%Added
Citigroup Inc28,173$318.1K0.00%+5,915+26.6%Added
Dark Forest Capital Management LP27,872$314.7K0.05%+27,872New
Stoneridge Investment Partners LLC27,547$311.0K0.11%+27,547New
Allspring Global Investments Holdings, LLC27,427$309.7K0.00%+308+1.1%Added
Schonfeld Strategic Advisors LLC27,300$308.2K0.00%+10,400+61.5%Added
Integrated Quantitative Investments LLC27,298$308.2K0.15%+27,298New
Centiva Capital, LP25,658$289.7K0.01%−3,868−13.1%Reduced
PharVision Advisers, LLC24,736$279.3K0.24%+24,736New
US Bancorp23,547$265.8K0.00%+6,184+35.6%Added
MetLife Investment Management21,402$241.6K0.00%+3,956+22.7%Added
Robeco Institutional Asset Management B.V.21,140$238.7K0.00%+8,938+73.3%Added