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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, 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
Franklin Resources Inc59,724$674.3K0.00%−68,880−53.6%Reduced
Mackenzie Financial Corp60,259$680.3K0.00%+46,996+354.3%Added
Mariner, LLC60,433$682.3K0.00%+3,989+7.1%Added
Barclays PLC62,463$705.2K0.00%−4,062−6.1%Reduced
Swiss National Bank64,100$723.7K0.00%00.0%Unchanged
Graham Capital Management, L.P.64,251$725.4K0.02%+32,584+102.9%Added
Connor, Clark & Lunn Investment Management Ltd.67,832$765.8K0.00%+26,771+65.2%Added
HRT Financial LP69,779$787.0K0.00%+69,779New
Jump Financial, LLC72,500$818.5K0.02%+18,479+34.2%Added
Segall Bryant & Hamill, LLC73,172$826.1K0.01%+73,172New
Schroder Investment Management Group80,817$901.9K0.00%+80,817New
Lighthouse Investment Partners, LLC85,081$960.6K0.04%−266,583−75.8%Reduced
Victory Capital Management Inc85,564$966.0K0.00%+49,192+135.2%Added
UBS Asset Management Americas Inc89,478$1.01M0.00%+16,050+21.9%Added
Bank of New York Mellon Corp89,949$1.02M0.00%+13,356+17.4%Added
Jackson Creek Investment Advisors LLC93,844$1.06M0.32%−2,913−3.0%Reduced
Deutsche Bank AG100,071$1.13M0.00%−318,525−76.1%Reduced
SEI Investments Co115,181$1.30M0.00%+74,113+180.5%Added
Two Sigma Advisers, LP118,400$1.34M0.00%+10,200+9.4%Added
JPMorgan Chase & Co122,386$1.38M0.00%+42,315+52.8%Added
Nantahala Capital Management, LLC123,564$1.40M0.10%00.0%Unchanged
Los Angeles Capital Management LLC126,045$1.42M0.01%+70,862+128.4%Added
Cubist Systematic Strategies, LLC129,872$1.47M0.02%−122,380−48.5%Reduced
Algert Global LLC136,509$1.54M0.04%+11,238+9.0%Added
Trexquant Investment LP139,578$1.58M0.02%−42,261−23.2%Reduced
Citadel Advisors LLC155,034$1.75M0.00%−26,894−14.8%Reduced
Squarepoint Ops LLC155,458$1.76M0.00%−41,207−21.0%Reduced
Allianz Asset Management GmbH166,435$1.88M0.00%+166,435New
ExodusPoint Capital Management, LP166,912$1.88M0.02%+145,271+671.3%Added
Hillsdale Investment Management Inc.208,900$2.36M0.12%+800+0.4%Added
Two Sigma Investments, LP224,198$2.53M0.01%−51,030−18.5%Reduced
Earnest Partners LLC241,559$2.73M0.01%+1,021+0.4%Added
Norges Bank281,900$3.18M0.00%+281,900New
Northern Trust Corp282,172$3.19M0.00%+26,955+10.6%Added
J. Goldman & Co LP311,125$3.51M0.12%−155,302−33.3%Reduced
Charles Schwab Investment Management Inc324,497$3.66M0.00%+50,553+18.5%Added
Jacobs Asset Management, LLC356,900$4.03M2.58%+18,125+5.4%Added
D. E. Shaw & Co., Inc.378,211$4.27M0.00%−102,360−21.3%Reduced
Marshall Wace, LLP387,701$4.38M0.01%+209,875+118.0%Added
UBS Group AG416,126$4.70M0.00%+397,020+2,078.0%Added
Acadian Asset Management LLC444,753$5.01M0.01%+356,058+401.4%Added
Shay Capital LLC447,500$5.05M1.24%+250,500+127.2%Added
Lazard Asset Management LLC456,550$5.15M0.01%+16,875+3.8%Added
CenterBook Partners LP471,864$5.33M0.32%+391,298+485.7%Added
AQR Capital Management LLC472,215$5.33M0.01%+401,807+570.7%Added
Jacobs Levy Equity Management, Inc476,342$5.38M0.02%+459,227+2,683.2%Added
Renaissance Technologies LLC539,300$6.09M0.01%+252,000+87.7%Added
Nuveen Asset Management, LLC587,627$6.63M0.00%−551,637−48.4%Reduced
State Street Corp605,986$6.84M0.00%+58,080+10.6%Added
Morgan Stanley611,061$6.90M0.00%−111,652−15.4%Reduced
Qube Research & Technologies Ltd670,153$7.57M0.01%−9,596−1.4%Reduced
Geode Capital Management, LLC698,703$7.89M0.00%+8,129+1.2%Added
Arrowstreet Capital, Limited Partnership762,575$8.61M0.01%−107,211−12.3%Reduced
Millennium Management LLC781,349$8.82M0.01%+372,305+91.0%Added
Goldman Sachs Group Inc804,930$9.09M0.00%+249,393+44.9%Added
Driehaus Capital Management LLC960,757$10.8M0.09%−1,286,638−57.3%Reduced
Clearline Capital LP1,188,161$13.4M1.78%−53,258−4.3%Reduced
TimesSquare Capital Management, LLC1,628,815$18.4M0.27%+712,410+77.7%Added
Broad Bay Capital Management, LP2,218,685$25.0M4.05%−248,781−10.1%Reduced
BlackRock, Inc.3,557,049$40.2M0.00%−211,267−5.6%Reduced
Vanguard Group Inc3,623,344$40.9M0.00%+169,654+4.9%Added
White Mountains Insurance Group Ltd17,856,614$201.6M47.31%00.0%Unchanged
Divisadero Street Capital Management, LP0$00.00%−748,694−100.0%Sold out
Invesco Ltd.0$00.00%−551,485−100.0%Sold out
Silvercrest Asset Management Group LLC0$00.00%−447,148−100.0%Sold out
Philadelphia Financial Management of San Francisco, LLC0$00.00%−299,399−100.0%Sold out
Voloridge Investment Management, LLC0$00.00%−185,165−100.0%Sold out
Federated Hermes, Inc.0$00.00%−121,674−100.0%Sold out
Balyasny Asset Management LLC0$00.00%−103,305−100.0%Sold out
Tudor Investment Corp Et Al0$00.00%−75,291−100.0%Sold out
PDT Partners, LLC0$00.00%−68,331−100.0%Sold out
Deerfield Management Company, L.P. (Series C)0$00.00%−48,093−100.0%Sold out
Danske Bank A/S0$00.00%−47,286−100.0%Sold out
Point72 Asset Management, L.P.0$00.00%−34,407−100.0%Sold out
Caption Management, LLC0$00.00%−31,000−100.0%Sold out
EntryPoint Capital, LLC0$00.00%−25,932−100.0%Sold out
Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors0$00.00%−23,890−100.0%Sold out
Prudential Financial Inc0$00.00%−18,985−100.0%Sold out
Aigen Investment Management, LP0$00.00%−10,140−100.0%Sold out
nVerses Capital, LLC0$00.00%−6,400−100.0%Sold out
Aster Capital Management (DIFC) Ltd0$00.00%−500−100.0%Sold out
Macroview Investment Management LLC0$00.00%−477−100.0%Sold out
Continuum Advisory, LLC0$00.00%−42−100.0%Sold out
Capital Performance Advisors LLP0$00.00%−6−100.0%Sold out
Rothschild Investment LLC0$00.00%−5−100.0%Sold out
National Bank of Canada0$00.00%−1−100.0%Sold out