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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 24 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.

Institutional holdersQ1 2025: 144 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 heldQ1 2025: $436.3M
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, Q1 2025

Shares, value and share of portfolio for each institution holding MediaAlpha, Inc.; share changes are against Q4 2024.

Institutions holding MAX in Q1 2025
InstitutionSharesValue% of portfolioChange in sharesAction
True Wealth Design, LLC22$2040.00%−54−71.1%Reduced
Parallel Advisors, LLC23$2130.00%+6+35.3%Added
IFP Advisors, Inc26$2400.00%00.0%Unchanged
Sterling Capital Management LLC31$2860.00%00.0%Unchanged
Rothschild Investment LLC35$3230.00%+35New
The PNC Financial Services Group, Inc.40$3700.00%00.0%Unchanged
SBI Securities Co., Ltd.66$6100.00%00.0%Unchanged
SRS Capital Advisors, Inc.84$7770.00%−15−15.2%Reduced
Coldstream Capital Management Inc107$9890.00%+107New
Allworth Financial LP117$9910.00%+117New
Quadrant Capital Group LLC169$1.56K0.00%00.0%Unchanged
Farther Finance Advisors, LLC232$2.09K0.00%+232New
EverSource Wealth Advisors, LLC239$2.21K0.00%+231+2,887.5%Added
GPS Wealth Strategies Group, LLC300$2.77K0.00%00.0%Unchanged
Aster Capital Management (DIFC) Ltd306$2.84K0.00%+306New
GAMMA Investing LLC317$2.93K0.00%+284+860.6%Added
Murphy & Mullick Capital Management Corp500$4.62K0.00%00.0%Unchanged
Caitong International Asset Management Co., Ltd503$4.65K0.00%+437+662.1%Added
Advisor Group Holdings, Inc.654$6.04K0.00%+554+554.0%Added
Jones Financial Companies LLLP700$6.54K0.00%+200+40.0%Added
Amalgamated Bank1,031$10.0K0.00%+293+39.7%Added
Skopos Labs, Inc.1,498$13.8K0.00%+1,498New
Quarry LP1,512$14.0K0.00%−4,329−74.1%Reduced
FMR LLC1,990$18.4K0.00%+955+92.3%Added
Group One Trading, L.P.2,187$20.2K0.00%−12,260−84.9%Reduced
Covestor Ltd2,602$24.0K0.02%−164−5.9%Reduced
Ameritas Investment Partners, Inc.3,026$28.0K0.00%00.0%Unchanged
US Bancorp4,160$38.4K0.00%−19,387−82.3%Reduced
Tower Research Capital LLC (TRC)4,338$40.1K0.00%−10,124−70.0%Reduced
State of Wyoming5,023$46.4K0.01%+517+11.5%Added
KLP Kapitalforvaltning AS5,933$54.8K0.00%00.0%Unchanged
Police & Firemen's Retirement System of New Jersey6,822$63.0K0.00%00.0%Unchanged
Simplex Trading, LLC8,718$80.0K0.00%+6,981+401.9%Added
New York State Common Retirement Fund9,864$91.1K0.00%00.0%Unchanged
Arizona State Retirement System10,271$94.9K0.00%+10,271New
Mackenzie Financial Corp10,567$97.6K0.00%−49,692−82.5%Reduced
Deerfield Management Company, L.P. (Series C)10,795$99.7K0.00%+10,795New
Manufacturers Life Insurance Company, The11,247$103.9K0.00%+41+0.4%Added
Bridgefront Capital, LLC11,440$105.7K0.03%+11,440New
Zurcher Kantonalbank (Zurich Cantonalbank)11,928$110.2K0.00%00.0%Unchanged
Virginia Retirement Systems Et Al12,700$117.3K0.00%+12,700New
Janus Henderson Group PLC13,862$129.5K0.00%00.0%Unchanged
Dark Forest Capital Management LP14,211$131.3K0.01%−13,661−49.0%Reduced
SG Americas Securities, LLC14,292$132.0K0.00%−2,133−13.0%Reduced
LPL Financial LLC14,482$133.8K0.00%+4,360+43.1%Added
Wells Fargo & Company14,492$133.9K0.00%+83+0.6%Added
Corebridge Financial, Inc.14,859$137.3K0.00%+9+0.1%Added
EntryPoint Capital, LLC14,879$137.5K0.06%+14,879New
Polymer Capital Management (US) LLC15,394$142.2K0.04%+15,394New
Cerity Partners LLC16,235$150.0K0.00%+16,235New
CWM, LLC16,523$153.0K0.00%+9,962+151.8%Added
Universal- Beteiligungs- und Servicegesellschaft mbH16,749$154.8K0.00%+16,749New
Sherbrooke Park Advisers LLC17,054$157.6K0.07%−25,789−60.2%Reduced
Intech Investment Management LLC17,397$160.7K0.00%+4,948+39.7%Added
Corton Capital Inc.17,440$161.1K0.53%−21,047−54.7%Reduced
Mirae Asset Global ETFs Holdings Ltd.17,871$165.1K0.00%+780+4.6%Added
Virtus ETF Advisers LLC18,711$172.9K0.11%+18,711New
Teacher Retirement System of Texas19,947$184.3K0.00%−17,592−46.9%Reduced
Price T Rowe Associates Inc20,236$187.0K0.00%00.0%Unchanged
MetLife Investment Management21,402$197.8K0.00%00.0%Unchanged
Royal Bank of Canada21,491$198.0K0.00%+20,328+1,747.9%Added
Campbell & CO Investment Adviser LLC21,671$200.2K0.02%+21,671New
Jain Global LLC23,603$218.1K0.00%+23,603New
Quantbot Technologies LP25,999$240.2K0.01%−11,248−30.2%Reduced
Y-Intercept (Hong Kong) Ltd26,288$242.9K0.02%+15,705+148.4%Added
Schonfeld Strategic Advisors LLC26,600$245.8K0.00%−700−2.6%Reduced
Integrated Quantitative Investments LLC27,169$251.0K0.12%−129−0.5%Reduced
Stoneridge Investment Partners LLC27,547$255.0K0.22%00.0%Unchanged
Legal & General Group Plc28,086$259.5K0.00%−88−0.3%Reduced
Alliancebernstein L.P.28,330$261.8K0.00%00.0%Unchanged
Ieq Capital, LLC29,213$269.9K0.00%+14,217+94.8%Added
California State Teachers Retirement System30,346$280.4K0.00%00.0%Unchanged
Gsa Capital Partners LLP31,027$287.0K0.03%−783−2.5%Reduced
Russell Investments Group, Ltd.35,937$332.1K0.00%−13,688−27.6%Reduced
Nebula Research & Development LLC37,106$342.9K0.03%−3,003−7.5%Reduced
BNP Paribas Arbitrage, SA39,147$361.7K0.00%+10,517+36.7%Added
Allspring Global Investments Holdings, LLC42,298$380.7K0.00%+14,871+54.2%Added
Connor, Clark & Lunn Investment Management Ltd.41,283$381.5K0.00%−26,549−39.1%Reduced
Rhumbline Advisers41,388$382.4K0.00%−2,043−4.7%Reduced
Dynamic Technology Lab Private Ltd43,176$399.0K0.06%−2,478−5.4%Reduced
Spears Abacus Advisors LLC44,200$408.4K0.01%−1,500−3.3%Reduced
Citigroup Inc45,067$416.4K0.00%+16,894+60.0%Added
Fox Run Management, L.L.C.47,269$436.8K0.07%+472+1.0%Added
Franklin Resources Inc47,448$438.4K0.00%−12,276−20.6%Reduced
HSBC Holdings PLC50,406$472.2K0.00%+8,981+21.7%Added
Quest Partners LLC52,156$481.9K0.05%+49,800+2,113.8%Added
Verition Fund Management LLC54,359$502.3K0.00%−3,037−5.3%Reduced
Barclays PLC63,148$583.5K0.00%+685+1.1%Added
Blair William & Co64,137$592.6K0.00%+11,071+20.9%Added
Engineers Gate Manager LP65,084$601.4K0.01%+13,897+27.1%Added
Tudor Investment Corp Et Al67,447$623.2K0.01%+67,447New
Swiss National Bank69,400$641.3K0.00%+5,300+8.3%Added
Graham Capital Management, L.P.73,945$683.3K0.02%+9,694+15.1%Added
Victory Capital Management Inc77,192$713.3K0.00%−8,372−9.8%Reduced
Two Sigma Advisers, LP80,700$745.7K0.00%−37,700−31.8%Reduced
Balyasny Asset Management LLC86,754$801.6K0.00%+86,754New
Bank of New York Mellon Corp89,654$828.4K0.00%−295−0.3%Reduced
UBS Asset Management Americas Inc90,865$839.6K0.00%+1,387+1.6%Added
SEI Investments Co103,905$960.1K0.00%−11,276−9.8%Reduced
Trexquant Investment LP111,223$1.03M0.01%−28,355−20.3%Reduced