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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, Q1 2026

Institutional positions in MediaAlpha, Inc. as of Mar 31, 2026. 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
163
−8 vs. Q4 2025
Shares held
48.5M
+3.29M (+7.3%) vs. Q4 2025
Total value
$452.0M
−$133.3M (−22.8%) vs. Q4 2025
New holders
35
59 more added
Sold out
43
55 more reduced

1 institution that held it in Q4 2025 haven't filed for Q1 2026 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q4 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 holdersQ1 2026: 163 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 2026: $452.0M
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 2026

Shares, value and share of portfolio for each institution holding MediaAlpha, Inc.; share changes are against Q4 2025.

Institutions holding MAX in Q1 2026
InstitutionSharesValue% of portfolioChange in sharesAction
SJS Investment Consulting Inc.9$840.00%−15−62.5%Reduced
MAI Capital Management25$2330.00%+11+78.6%Added
Smartleaf Asset Management LLC44$4150.00%00.0%Unchanged
True Wealth Design, LLC51$4750.00%−285−84.8%Reduced
Investors Portfolio Services LLC61$5150.00%+61New
Jones Financial Companies LLLP57$5170.00%−2,256−97.5%Reduced
Wealth Preservation Advisors, LLC66$6140.00%+66New
Caitong International Asset Management Co., Ltd105$9760.00%+58+123.4%Added
New York State Teachers Retirement System100$1.00K0.00%+100New
IFP Advisors, Inc134$1.25K0.00%−574−81.1%Reduced
Nisa Investment Advisors, LLC135$1.26K0.00%−66−32.8%Reduced
The PNC Financial Services Group, Inc.135$1.26K0.00%+60+80.0%Added
Root Financial Partners, LLC139$1.29K0.00%+139New
US Bancorp182$1.69K0.00%−321−63.8%Reduced
Group One Trading, L.P.185$1.72K0.00%−2,144−92.1%Reduced
Marquette Asset Management, LLC198$1.84K0.00%−45−18.5%Reduced
Sterling Capital Management LLC217$2.02K0.00%00.0%Unchanged
Optiver Holding B.V.230$2.14K0.00%−40−14.8%Reduced
Rothschild Investment LLC237$2.20K0.00%−103−30.3%Reduced
Farther Finance Advisors, LLC248$2.25K0.00%+61+32.6%Added
Parallel Advisors, LLC376$3.50K0.00%+292+347.6%Added
Huntington National Bank397$3.69K0.00%+397New
GAMMA Investing LLC446$4.15K0.00%+259+138.5%Added
Federated Hermes, Inc.472$4.39K0.00%−851−64.3%Reduced
Murphy & Mullick Capital Management Corp500$4.65K0.00%00.0%Unchanged
Clear Street Markets LLC557$5.18K0.00%+557New
Versant Capital Management, Inc999$9.29K0.00%+921+1,180.8%Added
Private Wealth Asset Management, LLC1,000$9.30K0.00%+1,000New
Advisor Group Holdings, Inc.1,037$9.64K0.00%−92−8.1%Reduced
Allworth Financial LP1,105$10.3K0.00%−156−12.4%Reduced
SRS Capital Advisors, Inc.1,172$10.9K0.00%+73+6.6%Added
EverSource Wealth Advisors, LLC1,261$11.7K0.00%−784−38.3%Reduced
State of Alaska, Department of Revenue1,862$17.0K0.00%00.0%Unchanged
Ameritas Investment Partners, Inc.3,026$28.1K0.00%00.0%Unchanged
Tower Research Capital LLC (TRC)3,087$28.7K0.00%+910+41.8%Added
Rockefeller Capital Management L.P.3,127$29.1K0.00%+322+11.5%Added
Covestor Ltd3,453$32.0K0.02%+60+1.8%Added
Royal Bank of Canada5,737$53.0K0.00%−782−12.0%Reduced
KLP Kapitalforvaltning AS5,933$55.2K0.00%00.0%Unchanged
New York State Common Retirement Fund6,264$58.3K0.00%00.0%Unchanged
Essential Partners LLC6,457$60.0K0.02%+518+8.7%Added
Simplex Trading, LLC6,846$63.7K0.00%+2,971+76.7%Added
Vanguard Investments Australia, Ltd.7,013$65.2K0.00%+7,013New
Public Employees Retirement System of Ohio9,100$84.6K0.00%+9,100New
Police & Firemen's Retirement System of New Jersey9,690$90.1K0.00%00.0%Unchanged
Citigroup Inc9,978$92.8K0.00%+1,685+20.3%Added
Jefferies Financial Group Inc.10,000$93.0K0.00%+10,000New
Aaron Wealth Advisors10,242$95.3K0.01%+10,242New
Bank of Montreal10,494$97.6K0.00%+10,494New
Virginia Retirement Systems Et Al11,200$104.2K0.00%−6,500−36.7%Reduced
Cresset Asset Management, LLC11,395$106.0K0.00%−867−7.1%Reduced
Mach-1 Financial Group, Inc.11,957$111.2K0.04%+11,957New
Wells Fargo & Company12,325$114.6K0.00%−24,747−66.8%Reduced
Glenmede Trust Co NA13,150$122.3K0.00%+13,150New
Janus Henderson Group PLC13,862$129.1K0.00%−252,044−94.8%Reduced
Schonfeld Strategic Advisors LLC13,917$129.4K0.00%+13,917New
Mackenzie Financial Corp14,293$132.9K0.00%−28,682−66.7%Reduced
Graham Capital Management, L.P.14,543$135.3K0.00%−8,884−37.9%Reduced
Cerity Partners LLC15,033$139.8K0.00%−5,744−27.6%Reduced
CI Private Wealth, LLC15,559$144.7K0.00%+15,559New
nVerses Capital, LLC15,790$146.8K0.13%+15,790New
Campbell & CO Investment Adviser LLC16,085$149.6K0.01%+16,085New
Mirae Asset Global ETFs Holdings Ltd.16,132$150.0K0.00%+374+2.4%Added
Mercer Global Advisors Inc16,155$150.2K0.00%−805−4.7%Reduced
Vanguard Asset Management, Ltd17,425$162.1K0.00%+17,425New
Eventide Asset Management, LLC17,509$165.3K0.00%+17,509New
Ameriprise Financial Inc17,807$165.6K0.00%+17,807New
Zurcher Kantonalbank (Zurich Cantonalbank)18,642$173.4K0.00%00.0%Unchanged
Cornerstone Investment Partners, LLC19,008$176.8K0.01%+4,358+29.7%Added
SG Americas Securities, LLC19,473$181.0K0.00%+3,668+23.2%Added
Creative Planning19,946$185.5K0.00%−5,326−21.1%Reduced
State of Tennessee, Treasury Department20,728$192.8K0.00%+7,825+60.6%Added
Wealth Enhancement Advisory Services, LLC20,916$195.8K0.00%−5,521−20.9%Reduced
Jupiter Asset Management Ltd21,172$196.9K0.00%+21,172New
MetLife Investment Management21,402$199.0K0.00%00.0%Unchanged
CWM, LLC22,425$208.6K0.00%−19,853−47.0%Reduced
Elkhorn Partners Limited Partnership23,000$213.9K0.14%+23,000New
Invesco Ltd.23,627$219.7K0.00%−2,397−9.2%Reduced
Los Angeles Capital Management LLC23,740$220.8K0.00%−48,545−67.2%Reduced
California State Teachers Retirement System25,252$234.8K0.00%−252−1.0%Reduced
Spears Abacus Advisors LLC25,400$236.2K0.00%−150−0.6%Reduced
Abel Hall, LLC25,424$236.4K0.05%+25,424New
Bridgefront Capital, LLC26,170$243.4K0.06%+26,170New
FMR LLC27,174$252.7K0.00%+22,347+463.0%Added
Legal & General Group Plc27,533$256.1K0.00%−6,284−18.6%Reduced
Quantbot Technologies LP29,119$270.8K0.01%+29,119New
Ieq Capital, LLC32,921$306.2K0.00%−55,215−62.6%Reduced
Deutsche Bank AG35,088$326.3K0.00%+3,448+10.9%Added
SEI Investments Co35,738$332.4K0.00%−46,106−56.3%Reduced
Price T Rowe Associates Inc37,076$345.0K0.00%+6,062+19.5%Added
Fox Run Management, L.L.C.36,955$348.9K0.06%+10,920+41.9%Added
Vanguard Global Advisers, LLC37,688$350.5K0.00%+37,688New
Skopos Labs, Inc.39,724$369.4K0.01%+27,683+229.9%Added
State of Wyoming43,001$399.9K0.05%+4,169+10.7%Added
Dynamic Technology Lab Private Ltd43,595$405.4K0.07%+43,595New
Barclays PLC45,364$421.9K0.00%−46,060−50.4%Reduced
Allspring Global Investments Holdings, LLC47,885$434.8K0.00%+4,935+11.5%Added
Millennium Management LLC47,041$437.5K0.00%−704,704−93.7%Reduced
Rhumbline Advisers47,884$445.3K0.00%−638−1.3%Reduced
Blair William & Co55,975$520.6K0.00%−4,171−6.9%Reduced