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.
| 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 |
|---|---|---|---|---|---|
| Jane Street Group, LLC | 120,424 | $1.11M | 0.00% | +65,115+117.7% | Added |
| PDT Partners, LLC | 129,717 | $1.20M | 0.09% | +129,717 | New |
| Squarepoint Ops LLC | 134,557 | $1.24M | 0.00% | −20,901−13.4% | Reduced |
| Two Sigma Investments, LP | 135,396 | $1.25M | 0.00% | −88,802−39.6% | Reduced |
| Mariner, LLC | 136,787 | $1.26M | 0.00% | +76,354+126.3% | Added |
| Jacobs Levy Equity Management, Inc | 138,598 | $1.28M | 0.01% | −337,744−70.9% | Reduced |
| ExodusPoint Capital Management, LP | 139,852 | $1.29M | 0.02% | −27,060−16.2% | Reduced |
| Lighthouse Investment Partners, LLC | 144,045 | $1.33M | 0.06% | +58,964+69.3% | Added |
| Los Angeles Capital Management LLC | 148,521 | $1.37M | 0.01% | +22,476+17.8% | Added |
| HRT Financial LP | 155,098 | $1.43M | 0.01% | +85,319+122.3% | Added |
| Allianz Asset Management GmbH | 161,772 | $1.49M | 0.00% | −4,663−2.8% | Reduced |
| Susquehanna International Group, LLP | 168,032 | $1.55M | 0.00% | +136,779+437.7% | Added |
| Deutsche Bank AG | 180,691 | $1.67M | 0.00% | +80,620+80.6% | Added |
| Bank of America Corp | 214,270 | $1.98M | 0.00% | +162,681+315.3% | Added |
| Hillsdale Investment Management Inc. | 214,600 | $1.98M | 0.10% | +5,700+2.7% | Added |
| Algert Global LLC | 225,300 | $2.08M | 0.05% | +88,791+65.0% | Added |
| Earnest Partners LLC | 272,433 | $2.52M | 0.01% | +30,874+12.8% | Added |
| Northern Trust Corp | 285,560 | $2.64M | 0.00% | +3,388+1.2% | Added |
| Arrowstreet Capital, Limited Partnership | 296,054 | $2.74M | 0.00% | −466,521−61.2% | Reduced |
| JPMorgan Chase & Co | 308,298 | $2.85M | 0.00% | +185,912+151.9% | Added |
| Acadian Asset Management LLC | 321,302 | $2.96M | 0.01% | −123,451−27.8% | Reduced |
| Charles Schwab Investment Management Inc | 320,839 | $2.96M | 0.00% | −3,658−1.1% | Reduced |
| Jacobs Asset Management, LLC | 408,412 | $3.77M | 2.39% | +51,512+14.4% | Added |
| Citadel Advisors LLC | 430,239 | $3.98M | 0.00% | +275,205+177.5% | Added |
| Marshall Wace, LLP | 458,509 | $4.24M | 0.01% | +70,808+18.3% | Added |
| Qube Research & Technologies Ltd | 469,625 | $4.34M | 0.01% | −200,528−29.9% | Reduced |
| UBS Group AG | 504,850 | $4.66M | 0.00% | +88,724+21.3% | Added |
| Nuveen, LLC | 505,907 | $4.67M | 0.00% | +505,907 | New |
| AQR Capital Management LLC | 557,796 | $5.15M | 0.01% | +85,581+18.1% | Added |
| Renaissance Technologies LLC | 565,500 | $5.23M | 0.01% | +26,200+4.9% | Added |
| J. Goldman & Co LP | 568,052 | $5.25M | 0.19% | +256,927+82.6% | Added |
| Shay Capital LLC | 571,841 | $5.28M | 1.54% | +124,341+27.8% | Added |
| Millennium Management LLC | 614,542 | $5.68M | 0.01% | −166,807−21.3% | Reduced |
| State Street Corp | 623,787 | $5.76M | 0.00% | +17,801+2.9% | Added |
| D. E. Shaw & Co., Inc. | 670,691 | $6.20M | 0.01% | +292,480+77.3% | Added |
| Geode Capital Management, LLC | 727,753 | $6.73M | 0.00% | +29,050+4.2% | Added |
| Goldman Sachs Group Inc | 736,531 | $6.81M | 0.00% | −68,399−8.5% | Reduced |
| Morgan Stanley | 737,921 | $6.82M | 0.00% | +126,860+20.8% | Added |
| TimesSquare Capital Management, LLC | 1,372,174 | $12.7M | 0.20% | −256,641−15.8% | Reduced |
| Clearline Capital LP | 2,654,921 | $24.5M | 2.48% | +1,466,760+123.4% | Added |
| Broad Bay Capital Management, LP | 2,747,778 | $25.4M | 3.82% | +529,093+23.8% | Added |
| Vanguard Group Inc | 2,913,328 | $26.9M | 0.00% | −710,016−19.6% | Reduced |
| BlackRock, Inc. | 3,697,726 | $34.2M | 0.00% | +140,677+4.0% | Added |
| White Mountains Insurance Group Ltd | 17,856,614 | $165.0M | 57.70% | 00.0% | Unchanged |
| Driehaus Capital Management LLC | 0 | $0 | 0.00% | −960,757−100.0% | Sold out |
| CenterBook Partners LP | 0 | $0 | 0.00% | −471,864−100.0% | Sold out |
| Lazard Asset Management LLC | 0 | $0 | 0.00% | −456,550−100.0% | Sold out |
| Norges Bank | 0 | $0 | 0.00% | −281,900−100.0% | Sold out |
| Cubist Systematic Strategies, LLC | 0 | $0 | 0.00% | −129,872−100.0% | Sold out |
| Nantahala Capital Management, LLC | 0 | $0 | 0.00% | −123,564−100.0% | Sold out |
| Jackson Creek Investment Advisors LLC | 0 | $0 | 0.00% | −93,844−100.0% | Sold out |
| Schroder Investment Management Group | 0 | $0 | 0.00% | −80,817−100.0% | Sold out |
| Segall Bryant & Hamill, LLC | 0 | $0 | 0.00% | −73,172−100.0% | Sold out |
| Jump Financial, LLC | 0 | $0 | 0.00% | −72,500−100.0% | Sold out |
| Severin Investments, LLC | 0 | $0 | 0.00% | −45,493−100.0% | Sold out |
| XTX Topco Ltd | 0 | $0 | 0.00% | −44,483−100.0% | Sold out |
| Alpha DNA Investment Management LLC | 0 | $0 | 0.00% | −41,543−100.0% | Sold out |
| Westfield Capital Management Co LP | 0 | $0 | 0.00% | −33,800−100.0% | Sold out |
| State of Wisconsin Investment Board | 0 | $0 | 0.00% | −33,483−100.0% | Sold out |
| Centiva Capital, LP | 0 | $0 | 0.00% | −25,658−100.0% | Sold out |
| PharVision Advisers, LLC | 0 | $0 | 0.00% | −24,736−100.0% | Sold out |
| Robeco Institutional Asset Management B.V. | 0 | $0 | 0.00% | −21,140−100.0% | Sold out |
| Zacks Investment Management | 0 | $0 | 0.00% | −20,776−100.0% | Sold out |
| OmniStar Financial Group, Inc. | 0 | $0 | 0.00% | −18,989−100.0% | Sold out |
| Man Group plc | 0 | $0 | 0.00% | −18,165−100.0% | Sold out |
| Petrus Trust Company, LTA | 0 | $0 | 0.00% | −17,171−100.0% | Sold out |
| Canada Pension Plan Investment Board | 0 | $0 | 0.00% | −16,900−100.0% | Sold out |
| Brevan Howard Capital Management LP | 0 | $0 | 0.00% | −15,967−100.0% | Sold out |
| Independent Financial Group, LLC | 0 | $0 | 0.00% | −15,261−100.0% | Sold out |
| Virtus Investment Advisers, Inc. | 0 | $0 | 0.00% | −15,198−100.0% | Sold out |
| Walleye Capital LLC | 0 | $0 | 0.00% | −11,648−100.0% | Sold out |
| Prelude Capital Management, LLC | 0 | $0 | 0.00% | −11,447−100.0% | Sold out |
| Point72 (DIFC) Ltd | 0 | $0 | 0.00% | −2,122−100.0% | Sold out |
| Federation des caisses Desjardins du Quebec | 0 | $0 | 0.00% | −470−100.0% | Sold out |
| Tucker Asset Management LLC | 0 | $0 | 0.00% | −166−100.0% | Sold out |
| Lindbrook Capital, LLC | 0 | $0 | 0.00% | −46−100.0% | Sold out |
| Smartleaf Asset Management LLC | 0 | $0 | 0.00% | −44−100.0% | Sold out |
| Versant Capital Management, Inc | 0 | $0 | 0.00% | −34−100.0% | Sold out |
| Nisa Investment Advisors, LLC | 0 | $0 | 0.00% | −15−100.0% | Sold out |
| Aquatic Capital Management LLC | 0 | $0 | 0.00% | −9−100.0% | Sold out |
| Macquarie Group Ltd | 0 | $0 | 0.00% | −7,798−100.0% | Sold out |
| Nuveen Asset Management, LLC | – | – | – | – | Not filed |
| Virtus Fund Advisers, LLC | – | – | – | – | Not filed |