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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 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
Mirae Asset Global ETFs Holdings Ltd.16,132$150.0K0.00%+374+2.4%Added
Campbell & CO Investment Adviser LLC16,085$149.6K0.01%+16,085New
nVerses Capital, LLC15,790$146.8K0.13%+15,790New
CI Private Wealth, LLC15,559$144.7K0.00%+15,559New
Cerity Partners LLC15,033$139.8K0.00%−5,744−27.6%Reduced
Graham Capital Management, L.P.14,543$135.3K0.00%−8,884−37.9%Reduced
Mackenzie Financial Corp14,293$132.9K0.00%−28,682−66.7%Reduced
Schonfeld Strategic Advisors LLC13,917$129.4K0.00%+13,917New
Janus Henderson Group PLC13,862$129.1K0.00%−252,044−94.8%Reduced
Glenmede Trust Co NA13,150$122.3K0.00%+13,150New
Wells Fargo & Company12,325$114.6K0.00%−24,747−66.8%Reduced
Mach-1 Financial Group, Inc.11,957$111.2K0.04%+11,957New
Cresset Asset Management, LLC11,395$106.0K0.00%−867−7.1%Reduced
Virginia Retirement Systems Et Al11,200$104.2K0.00%−6,500−36.7%Reduced
Bank of Montreal10,494$97.6K0.00%+10,494New
Aaron Wealth Advisors10,242$95.3K0.01%+10,242New
Jefferies Financial Group Inc.10,000$93.0K0.00%+10,000New
Citigroup Inc9,978$92.8K0.00%+1,685+20.3%Added
Police & Firemen's Retirement System of New Jersey9,690$90.1K0.00%00.0%Unchanged
Public Employees Retirement System of Ohio9,100$84.6K0.00%+9,100New
Vanguard Investments Australia, Ltd.7,013$65.2K0.00%+7,013New
Simplex Trading, LLC6,846$63.7K0.00%+2,971+76.7%Added
Essential Partners LLC6,457$60.0K0.02%+518+8.7%Added
New York State Common Retirement Fund6,264$58.3K0.00%00.0%Unchanged
KLP Kapitalforvaltning AS5,933$55.2K0.00%00.0%Unchanged
Royal Bank of Canada5,737$53.0K0.00%−782−12.0%Reduced
Covestor Ltd3,453$32.0K0.02%+60+1.8%Added
Rockefeller Capital Management L.P.3,127$29.1K0.00%+322+11.5%Added
Tower Research Capital LLC (TRC)3,087$28.7K0.00%+910+41.8%Added
Ameritas Investment Partners, Inc.3,026$28.1K0.00%00.0%Unchanged
State of Alaska, Department of Revenue1,862$17.0K0.00%00.0%Unchanged
EverSource Wealth Advisors, LLC1,261$11.7K0.00%−784−38.3%Reduced
SRS Capital Advisors, Inc.1,172$10.9K0.00%+73+6.6%Added
Allworth Financial LP1,105$10.3K0.00%−156−12.4%Reduced
Advisor Group Holdings, Inc.1,037$9.64K0.00%−92−8.1%Reduced
Private Wealth Asset Management, LLC1,000$9.30K0.00%+1,000New
Versant Capital Management, Inc999$9.29K0.00%+921+1,180.8%Added
Clear Street Markets LLC557$5.18K0.00%+557New
Murphy & Mullick Capital Management Corp500$4.65K0.00%00.0%Unchanged
Federated Hermes, Inc.472$4.39K0.00%−851−64.3%Reduced
GAMMA Investing LLC446$4.15K0.00%+259+138.5%Added
Huntington National Bank397$3.69K0.00%+397New
Parallel Advisors, LLC376$3.50K0.00%+292+347.6%Added
Farther Finance Advisors, LLC248$2.25K0.00%+61+32.6%Added
Rothschild Investment LLC237$2.20K0.00%−103−30.3%Reduced
Optiver Holding B.V.230$2.14K0.00%−40−14.8%Reduced
Sterling Capital Management LLC217$2.02K0.00%00.0%Unchanged
Marquette Asset Management, LLC198$1.84K0.00%−45−18.5%Reduced
Group One Trading, L.P.185$1.72K0.00%−2,144−92.1%Reduced
US Bancorp182$1.69K0.00%−321−63.8%Reduced
Root Financial Partners, LLC139$1.29K0.00%+139New
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
IFP Advisors, Inc134$1.25K0.00%−574−81.1%Reduced
New York State Teachers Retirement System100$1.00K0.00%+100New
Caitong International Asset Management Co., Ltd105$9760.00%+58+123.4%Added
Wealth Preservation Advisors, LLC66$6140.00%+66New
Jones Financial Companies LLLP57$5170.00%−2,256−97.5%Reduced
Investors Portfolio Services LLC61$5150.00%+61New
True Wealth Design, LLC51$4750.00%−285−84.8%Reduced
Smartleaf Asset Management LLC44$4150.00%00.0%Unchanged
MAI Capital Management25$2330.00%+11+78.6%Added
SJS Investment Consulting Inc.9$840.00%−15−62.5%Reduced
G2 Investment Partners Management LLC0$00.00%−496,916−100.0%Sold out
Marshall Wace, LLP0$00.00%−328,388−100.0%Sold out
Canada Pension Plan Investment Board0$00.00%−136,500−100.0%Sold out
Boothbay Fund Management, LLC0$00.00%−108,143−100.0%Sold out
Tudor Investment Corp Et Al0$00.00%−83,330−100.0%Sold out
Nomura Holdings Inc0$00.00%−82,313−100.0%Sold out
Lighthouse Investment Partners, LLC0$00.00%−82,050−100.0%Sold out
ExodusPoint Capital Management, LP0$00.00%−81,791−100.0%Sold out
Raymond James Financial Inc0$00.00%−52,708−100.0%Sold out
Verition Fund Management LLC0$00.00%−39,303−100.0%Sold out
Gotham Asset Management, LLC0$00.00%−39,123−100.0%Sold out
Quest Partners LLC0$00.00%−37,463−100.0%Sold out
Thrivent Financial for Lutherans0$00.00%−36,379−100.0%Sold out
PharVision Advisers, LLC0$00.00%−34,034−100.0%Sold out
Versor Investments LP0$00.00%−29,318−100.0%Sold out
Two Sigma Advisers, LP0$00.00%−26,896−100.0%Sold out
Brookwood Investment Group LLC0$00.00%−22,841−100.0%Sold out
Mangrove Partners0$00.00%−22,700−100.0%Sold out
Point72 Asset Management, L.P.0$00.00%−18,751−100.0%Sold out
Jump Financial, LLC0$00.00%−18,539−100.0%Sold out
VARCOV Co.0$00.00%−16,543−100.0%Sold out
Engineers Gate Manager LP0$00.00%−16,125−100.0%Sold out
Caxton Associates LLP0$00.00%−13,922−100.0%Sold out
Pallas Capital Advisors LLC0$00.00%−13,176−100.0%Sold out
Moran Wealth Management, LLC0$00.00%−12,716−100.0%Sold out
Voleon Capital Management LP0$00.00%−12,324−100.0%Sold out
Polymer Capital Management (US) LLC0$00.00%−12,306−100.0%Sold out
Intech Investment Management LLC0$00.00%−10,796−100.0%Sold out
Manufacturers Life Insurance Company, The0$00.00%−10,782−100.0%Sold out
Virtus ETF Advisers LLC0$00.00%−10,623−100.0%Sold out
STRS Ohio0$00.00%−3,800−100.0%Sold out
Quarry LP0$00.00%−2,297−100.0%Sold out
Amalgamated Bank0$00.00%−1,065−100.0%Sold out
Aster Capital Management (DIFC) Ltd0$00.00%−987−100.0%Sold out
Meeder Asset Management Inc0$00.00%−714−100.0%Sold out
BNP PARIBAS ASSET MANAGEMENT Holding S.A.0$00.00%−594−100.0%Sold out
SageView Advisory Group, LLC0$00.00%−90−100.0%Sold out