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 2025
Institutional positions in MediaAlpha, Inc. as of Mar 31, 2025. 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
- 144
- −16 vs. Q4 2024
- Shares held
- 47.2M
- −228.3K (−0.5%) vs. Q4 2024
- Total value
- $436.3M
- −$99.3M (−18.5%) vs. Q4 2024
- New holders
- 21
- 60 more added
- Sold out
- 37
- 44 more reduced
2 institutions that held it in Q4 2024 haven't filed for Q1 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q4 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.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 153 | $610.7M |
| Q1 2026 | 163 | $452.0M |
| Q4 2025 | 172 | $618.6M |
| Q3 2025 | 157 | $544.3M |
| Q2 2025 | 152 | $528.5M |
| Q1 2025 | 144 | $436.3M |
| Q4 2024 | 162 | $542.2M |
| Q3 2024 | 151 | $885.5M |
| Q2 2024 | 149 | $660.8M |
| Q1 2024 | 122 | $905.9M |
| Q4 2023 | 91 | $470.3M |
| Q3 2023 | 89 | $341.7M |
| Q2 2023 | 94 | $463.6M |
| Q1 2023 | 98 | $602.5M |
| Q4 2022 | 101 | $398.7M |
| Q3 2022 | 88 | $358.0M |
| Q2 2022 | 89 | $393.0M |
| Q1 2022 | 96 | $677.3M |
| Q4 2021 | 93 | $616.6M |
| Q3 2021 | 89 | $708.5M |
| Q2 2021 | 98 | $1.59B |
| Q1 2021 | 96 | $1.29B |
Institutions, Q1 2025
Shares, value and share of portfolio for each institution holding MediaAlpha, Inc.; share changes are against Q4 2024.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| White Mountains Insurance Group Ltd | 17,856,614 | $165.0M | 57.70% | 00.0% | Unchanged |
| BlackRock, Inc. | 3,697,726 | $34.2M | 0.00% | +140,677+4.0% | Added |
| Vanguard Group Inc | 2,913,328 | $26.9M | 0.00% | −710,016−19.6% | Reduced |
| Broad Bay Capital Management, LP | 2,747,778 | $25.4M | 3.82% | +529,093+23.8% | Added |
| Clearline Capital LP | 2,654,921 | $24.5M | 2.48% | +1,466,760+123.4% | Added |
| TimesSquare Capital Management, LLC | 1,372,174 | $12.7M | 0.20% | −256,641−15.8% | Reduced |
| Morgan Stanley | 737,921 | $6.82M | 0.00% | +126,860+20.8% | Added |
| Goldman Sachs Group Inc | 736,531 | $6.81M | 0.00% | −68,399−8.5% | Reduced |
| Geode Capital Management, LLC | 727,753 | $6.73M | 0.00% | +29,050+4.2% | Added |
| D. E. Shaw & Co., Inc. | 670,691 | $6.20M | 0.01% | +292,480+77.3% | Added |
| State Street Corp | 623,787 | $5.76M | 0.00% | +17,801+2.9% | Added |
| Millennium Management LLC | 614,542 | $5.68M | 0.01% | −166,807−21.3% | Reduced |
| Shay Capital LLC | 571,841 | $5.28M | 1.54% | +124,341+27.8% | Added |
| J. Goldman & Co LP | 568,052 | $5.25M | 0.19% | +256,927+82.6% | Added |
| Renaissance Technologies LLC | 565,500 | $5.23M | 0.01% | +26,200+4.9% | Added |
| AQR Capital Management LLC | 557,796 | $5.15M | 0.01% | +85,581+18.1% | Added |
| Nuveen, LLC | 505,907 | $4.67M | 0.00% | +505,907 | New |
| UBS Group AG | 504,850 | $4.66M | 0.00% | +88,724+21.3% | Added |
| Qube Research & Technologies Ltd | 469,625 | $4.34M | 0.01% | −200,528−29.9% | Reduced |
| Marshall Wace, LLP | 458,509 | $4.24M | 0.01% | +70,808+18.3% | Added |
| Citadel Advisors LLC | 430,239 | $3.98M | 0.00% | +275,205+177.5% | Added |
| Jacobs Asset Management, LLC | 408,412 | $3.77M | 2.39% | +51,512+14.4% | Added |
| Charles Schwab Investment Management Inc | 320,839 | $2.96M | 0.00% | −3,658−1.1% | Reduced |
| Acadian Asset Management LLC | 321,302 | $2.96M | 0.01% | −123,451−27.8% | Reduced |
| JPMorgan Chase & Co | 308,298 | $2.85M | 0.00% | +185,912+151.9% | Added |
| Arrowstreet Capital, Limited Partnership | 296,054 | $2.74M | 0.00% | −466,521−61.2% | Reduced |
| Northern Trust Corp | 285,560 | $2.64M | 0.00% | +3,388+1.2% | Added |
| Earnest Partners LLC | 272,433 | $2.52M | 0.01% | +30,874+12.8% | Added |
| Algert Global LLC | 225,300 | $2.08M | 0.05% | +88,791+65.0% | Added |
| Hillsdale Investment Management Inc. | 214,600 | $1.98M | 0.10% | +5,700+2.7% | Added |
| Bank of America Corp | 214,270 | $1.98M | 0.00% | +162,681+315.3% | Added |
| Deutsche Bank AG | 180,691 | $1.67M | 0.00% | +80,620+80.6% | Added |
| Susquehanna International Group, LLP | 168,032 | $1.55M | 0.00% | +136,779+437.7% | Added |
| Allianz Asset Management GmbH | 161,772 | $1.49M | 0.00% | −4,663−2.8% | Reduced |
| HRT Financial LP | 155,098 | $1.43M | 0.01% | +85,319+122.3% | Added |
| Los Angeles Capital Management LLC | 148,521 | $1.37M | 0.01% | +22,476+17.8% | Added |
| Lighthouse Investment Partners, LLC | 144,045 | $1.33M | 0.06% | +58,964+69.3% | Added |
| ExodusPoint Capital Management, LP | 139,852 | $1.29M | 0.02% | −27,060−16.2% | Reduced |
| Jacobs Levy Equity Management, Inc | 138,598 | $1.28M | 0.01% | −337,744−70.9% | Reduced |
| Mariner, LLC | 136,787 | $1.26M | 0.00% | +76,354+126.3% | Added |
| Two Sigma Investments, LP | 135,396 | $1.25M | 0.00% | −88,802−39.6% | Reduced |
| Squarepoint Ops LLC | 134,557 | $1.24M | 0.00% | −20,901−13.4% | Reduced |
| PDT Partners, LLC | 129,717 | $1.20M | 0.09% | +129,717 | New |
| Jane Street Group, LLC | 120,424 | $1.11M | 0.00% | +65,115+117.7% | Added |
| Trexquant Investment LP | 111,223 | $1.03M | 0.01% | −28,355−20.3% | Reduced |
| SEI Investments Co | 103,905 | $960.1K | 0.00% | −11,276−9.8% | Reduced |
| UBS Asset Management Americas Inc | 90,865 | $839.6K | 0.00% | +1,387+1.6% | Added |
| Bank of New York Mellon Corp | 89,654 | $828.4K | 0.00% | −295−0.3% | Reduced |
| Balyasny Asset Management LLC | 86,754 | $801.6K | 0.00% | +86,754 | New |
| Two Sigma Advisers, LP | 80,700 | $745.7K | 0.00% | −37,700−31.8% | Reduced |
| Victory Capital Management Inc | 77,192 | $713.3K | 0.00% | −8,372−9.8% | Reduced |
| Graham Capital Management, L.P. | 73,945 | $683.3K | 0.02% | +9,694+15.1% | Added |
| Swiss National Bank | 69,400 | $641.3K | 0.00% | +5,300+8.3% | Added |
| Tudor Investment Corp Et Al | 67,447 | $623.2K | 0.01% | +67,447 | New |
| Engineers Gate Manager LP | 65,084 | $601.4K | 0.01% | +13,897+27.1% | Added |
| Blair William & Co | 64,137 | $592.6K | 0.00% | +11,071+20.9% | Added |
| Barclays PLC | 63,148 | $583.5K | 0.00% | +685+1.1% | Added |
| Verition Fund Management LLC | 54,359 | $502.3K | 0.00% | −3,037−5.3% | Reduced |
| Quest Partners LLC | 52,156 | $481.9K | 0.05% | +49,800+2,113.8% | Added |
| HSBC Holdings PLC | 50,406 | $472.2K | 0.00% | +8,981+21.7% | Added |
| Franklin Resources Inc | 47,448 | $438.4K | 0.00% | −12,276−20.6% | Reduced |
| Fox Run Management, L.L.C. | 47,269 | $436.8K | 0.07% | +472+1.0% | Added |
| Citigroup Inc | 45,067 | $416.4K | 0.00% | +16,894+60.0% | Added |
| Spears Abacus Advisors LLC | 44,200 | $408.4K | 0.01% | −1,500−3.3% | Reduced |
| Dynamic Technology Lab Private Ltd | 43,176 | $399.0K | 0.06% | −2,478−5.4% | Reduced |
| Rhumbline Advisers | 41,388 | $382.4K | 0.00% | −2,043−4.7% | Reduced |
| Connor, Clark & Lunn Investment Management Ltd. | 41,283 | $381.5K | 0.00% | −26,549−39.1% | Reduced |
| Allspring Global Investments Holdings, LLC | 42,298 | $380.7K | 0.00% | +14,871+54.2% | Added |
| BNP Paribas Arbitrage, SA | 39,147 | $361.7K | 0.00% | +10,517+36.7% | Added |
| Nebula Research & Development LLC | 37,106 | $342.9K | 0.03% | −3,003−7.5% | Reduced |
| Russell Investments Group, Ltd. | 35,937 | $332.1K | 0.00% | −13,688−27.6% | Reduced |
| Gsa Capital Partners LLP | 31,027 | $287.0K | 0.03% | −783−2.5% | Reduced |
| California State Teachers Retirement System | 30,346 | $280.4K | 0.00% | 00.0% | Unchanged |
| Ieq Capital, LLC | 29,213 | $269.9K | 0.00% | +14,217+94.8% | Added |
| Alliancebernstein L.P. | 28,330 | $261.8K | 0.00% | 00.0% | Unchanged |
| Legal & General Group Plc | 28,086 | $259.5K | 0.00% | −88−0.3% | Reduced |
| Stoneridge Investment Partners LLC | 27,547 | $255.0K | 0.22% | 00.0% | Unchanged |
| Integrated Quantitative Investments LLC | 27,169 | $251.0K | 0.12% | −129−0.5% | Reduced |
| Schonfeld Strategic Advisors LLC | 26,600 | $245.8K | 0.00% | −700−2.6% | Reduced |
| Y-Intercept (Hong Kong) Ltd | 26,288 | $242.9K | 0.02% | +15,705+148.4% | Added |
| Quantbot Technologies LP | 25,999 | $240.2K | 0.01% | −11,248−30.2% | Reduced |
| Jain Global LLC | 23,603 | $218.1K | 0.00% | +23,603 | New |
| Campbell & CO Investment Adviser LLC | 21,671 | $200.2K | 0.02% | +21,671 | New |
| Royal Bank of Canada | 21,491 | $198.0K | 0.00% | +20,328+1,747.9% | Added |
| MetLife Investment Management | 21,402 | $197.8K | 0.00% | 00.0% | Unchanged |
| Price T Rowe Associates Inc | 20,236 | $187.0K | 0.00% | 00.0% | Unchanged |
| Teacher Retirement System of Texas | 19,947 | $184.3K | 0.00% | −17,592−46.9% | Reduced |
| Virtus ETF Advisers LLC | 18,711 | $172.9K | 0.11% | +18,711 | New |
| Mirae Asset Global ETFs Holdings Ltd. | 17,871 | $165.1K | 0.00% | +780+4.6% | Added |
| Corton Capital Inc. | 17,440 | $161.1K | 0.53% | −21,047−54.7% | Reduced |
| Intech Investment Management LLC | 17,397 | $160.7K | 0.00% | +4,948+39.7% | Added |
| Sherbrooke Park Advisers LLC | 17,054 | $157.6K | 0.07% | −25,789−60.2% | Reduced |
| Universal- Beteiligungs- und Servicegesellschaft mbH | 16,749 | $154.8K | 0.00% | +16,749 | New |
| CWM, LLC | 16,523 | $153.0K | 0.00% | +9,962+151.8% | Added |
| Cerity Partners LLC | 16,235 | $150.0K | 0.00% | +16,235 | New |
| Polymer Capital Management (US) LLC | 15,394 | $142.2K | 0.04% | +15,394 | New |
| EntryPoint Capital, LLC | 14,879 | $137.5K | 0.06% | +14,879 | New |
| Corebridge Financial, Inc. | 14,859 | $137.3K | 0.00% | +9+0.1% | Added |
| Wells Fargo & Company | 14,492 | $133.9K | 0.00% | +83+0.6% | Added |
| LPL Financial LLC | 14,482 | $133.8K | 0.00% | +4,360+43.1% | Added |