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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, Q3 2025

Institutional positions in MediaAlpha, Inc. as of Sep 30, 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
157
+5 vs. Q2 2025
Shares held
47.8M
−428.5K (−0.9%) vs. Q2 2025
Total value
$544.3M
+$15.9M (+3.0%) vs. Q2 2025
New holders
26
65 more added
Sold out
21
47 more reduced

Compare with Q2 2025: 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 holdersQ3 2025: 157 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 heldQ3 2025: $544.3M
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, Q3 2025

Shares, value and share of portfolio for each institution holding MediaAlpha, Inc.; share changes are against Q2 2025.

Institutions holding MAX in Q3 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Capital Advisors, Ltd. LLC12$00.00%00.0%Unchanged
Rockefeller Capital Management L.P.28$3190.00%+28New
Federated Hermes, Inc.29$3300.00%+29New
Sunbelt Securities, Inc.29$3300.00%+29New
Versant Capital Management, Inc32$3640.00%00.0%Unchanged
Caitong International Asset Management Co., Ltd36$4100.00%−642−94.7%Reduced
Signaturefd, LLC39$4440.00%00.0%Unchanged
Parallel Advisors, LLC71$8080.00%00.0%Unchanged
Sterling Capital Management LLC81$9220.00%+10+14.1%Added
Marquette Asset Management, LLC119$1.35K0.00%+119New
Aster Capital Management (DIFC) Ltd128$1.46K0.00%+128New
GAMMA Investing LLC134$1.52K0.00%+14+11.7%Added
The PNC Financial Services Group, Inc.166$1.89K0.00%+35+26.7%Added
Rothschild Investment LLC180$2.05K0.00%+130+260.0%Added
Nisa Investment Advisors, LLC193$2.20K0.00%00.0%Unchanged
Farther Finance Advisors, LLC233$2.65K0.00%+233New
True Wealth Design, LLC240$2.73K0.00%−64−21.1%Reduced
Clearstead Advisors, LLC293$3.33K0.00%+125+74.4%Added
IFP Advisors, Inc326$3.71K0.00%+198+154.7%Added
Optiver Holding B.V.372$4.23K0.00%+372New
US Bancorp502$5.71K0.00%−10,331−95.4%Reduced
Murphy & Mullick Capital Management Corp500$6.12K0.00%00.0%Unchanged
Allworth Financial LP973$11.1K0.00%+474+95.0%Added
Advisor Group Holdings, Inc.1,062$11.7K0.00%00.0%Unchanged
Amalgamated Bank1,031$12.0K0.00%00.0%Unchanged
State of Alaska, Department of Revenue1,862$21.0K0.00%+1,862New
EverSource Wealth Advisors, LLC1,894$21.6K0.00%+542+40.1%Added
Group One Trading, L.P.2,657$30.2K0.00%+2,657New
Covestor Ltd2,689$31.0K0.02%−11−0.4%Reduced
Simplex Trading, LLC2,767$31.0K0.00%+1,903+220.3%Added
Ameritas Investment Partners, Inc.3,026$34.4K0.00%00.0%Unchanged
Citigroup Inc3,349$38.1K0.00%−10,518−75.8%Reduced
Quarry LP4,087$46.5K0.01%+1,234+43.3%Added
FMR LLC4,107$46.7K0.00%+1,559+61.2%Added
Tower Research Capital LLC (TRC)4,398$50.0K0.00%−1,153−20.8%Reduced
Essential Partners LLC5,707$64.9K0.02%+357+6.7%Added
KLP Kapitalforvaltning AS5,933$67.5K0.00%00.0%Unchanged
New York State Common Retirement Fund6,264$71.3K0.00%00.0%Unchanged
Quest Partners LLC9,859$112.2K0.01%−13,291−57.4%Reduced
Police & Firemen's Retirement System of New Jersey10,040$114.3K0.00%+3,218+47.2%Added
Pallas Capital Advisors LLC10,352$117.8K0.00%+177+1.7%Added
LPL Financial LLC10,482$119.3K0.00%+10,482New
Manufacturers Life Insurance Company, The11,785$134.1K0.00%−972−7.6%Reduced
Summit Wealth Group LLC16,471$136.1K0.02%+16,471New
Brevan Howard Capital Management LP12,289$139.8K0.00%−6,179−33.5%Reduced
Intech Investment Management LLC12,407$141.2K0.00%−6,095−32.9%Reduced
Polymer Capital Management (US) LLC12,409$141.2K0.02%+99+0.8%Added
Cresset Asset Management, LLC12,448$141.7K0.00%+12,448New
Virtu Financial LLC12,749$145.0K0.01%+12,749New
Mercer Global Advisors Inc12,840$146.1K0.00%+12,840New
Aigen Investment Management, LP13,179$150.0K0.02%+13,179New
Mackenzie Financial Corp15,117$172.0K0.00%+4,550+43.1%Added
Keebeck Alpha, LP15,492$176.3K0.25%+15,492New
Mirae Asset Global ETFs Holdings Ltd.15,657$178.2K0.00%−2,584−14.2%Reduced
Corton Capital Inc.16,760$190.7K0.47%−2,105−11.2%Reduced
Quantinno Capital Management LP17,253$196.3K0.00%+17,253New
Zurcher Kantonalbank (Zurich Cantonalbank)18,642$212.1K0.00%+6,714+56.3%Added
Virtus ETF Advisers LLC18,711$212.9K0.12%00.0%Unchanged
Royal Bank of Canada19,223$218.0K0.00%+11,702+155.6%Added
Creative Planning19,529$222.2K0.00%+4,198+27.4%Added
SRS Capital Advisors, Inc.19,656$223.7K0.00%+18,620+1,797.3%Added
Invesco Ltd.19,705$224.2K0.00%+9,004+84.1%Added
Wealth Enhancement Advisory Services, LLC20,212$226.6K0.00%+5,455+37.0%Added
Two Sigma Advisers, LP20,400$232.2K0.00%−21,500−51.3%Reduced
Wells Fargo & Company20,462$232.9K0.00%+3,195+18.5%Added
MetLife Investment Management21,402$243.6K0.00%00.0%Unchanged
Two Sigma Investments, LP22,524$256.3K0.00%−43,570−65.9%Reduced
Axq Capital, LP23,144$263.4K0.10%+23,144New
SG Americas Securities, LLC24,038$274.0K0.00%+13,633+131.0%Added
PharVision Advisers, LLC24,480$278.6K0.16%+24,480New
Virginia Retirement Systems Et Al24,500$278.8K0.00%+4,500+22.5%Added
FourThought Financial Partners, LLC24,691$281.0K0.02%+24,691New
Principal Financial Group Inc24,716$281.3K0.00%+24,716New
Spears Abacus Advisors LLC25,700$292.5K0.01%−13,400−34.3%Reduced
Prelude Capital Management, LLC26,892$306.0K0.02%+26,892New
Cerity Partners LLC27,644$314.6K0.00%+7,573+37.7%Added
Price T Rowe Associates Inc28,776$328.0K0.00%+4,301+17.6%Added
XTX Topco Ltd29,074$330.9K0.02%+15,089+107.9%Added
Dynamic Technology Lab Private Ltd29,237$333.0K0.06%+18,429+170.5%Added
Universal- Beteiligungs- und Servicegesellschaft mbH29,864$339.9K0.00%−4,753−13.7%Reduced
Engineers Gate Manager LP30,058$342.1K0.00%−39,126−56.6%Reduced
California State Teachers Retirement System30,347$345.3K0.00%+10.0%Added
Deutsche Bank AG30,409$346.1K0.00%+3,395+12.6%Added
Squarepoint Ops LLC30,658$348.9K0.00%−28,008−47.7%Reduced
Jain Global LLC31,143$354.4K0.00%+31,143New
State of Wisconsin Investment Board31,191$355.0K0.00%−53,548−63.2%Reduced
Voleon Capital Management LP32,090$365.2K0.01%+14,042+77.8%Added
Legal & General Group Plc33,934$386.2K0.00%−2,381−6.6%Reduced
CWM, LLC38,383$437.0K0.00%+15,702+69.2%Added
Allspring Global Investments Holdings, LLC39,195$438.2K0.00%−387−1.0%Reduced
Quantbot Technologies LP38,615$439.4K0.01%+18,021+87.5%Added
Alliancebernstein L.P.38,630$439.6K0.00%00.0%Unchanged
Verition Fund Management LLC41,253$469.5K0.00%−1,935−4.5%Reduced
Raymond James Financial Inc41,408$471.2K0.00%+35,729+629.1%Added
Gotham Asset Management, LLC42,444$483.0K0.00%+3,940+10.2%Added
Semanteon Capital Management, LP44,583$507.4K0.64%+34,558+344.7%Added
State of Wyoming46,225$526.0K0.06%+40,580+718.9%Added
Russell Investments Group, Ltd.51,634$587.6K0.00%−2,542−4.7%Reduced
Nomura Holdings Inc52,965$602.7K0.00%+13,950+35.8%Added
Rhumbline Advisers53,590$609.8K0.00%−2,032−3.7%Reduced