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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, Q2 2026

Institutional positions in MediaAlpha, Inc. as of Jun 30, 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
153
−7 vs. Q1 2026
Shares held
48.7M
+250.1K (+0.5%) vs. Q1 2026
Total value
$610.7M
+$159.4M (+35.3%) vs. Q1 2026
New holders
21
47 more added
Sold out
28
66 more reduced

3 institutions that held it in Q1 2026 haven't filed for Q2 2026 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q1 2026: 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 holdersQ2 2026: 153 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 heldQ2 2026: $610.7M
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, Q2 2026

Shares, value and share of portfolio for each institution holding MediaAlpha, Inc.; share changes are against Q1 2026.

Institutions holding MAX in Q2 2026
InstitutionSharesValue% of portfolioChange in sharesAction
Franklin Resources Inc74,587$937.6K0.00%−269,122−78.3%Reduced
Walleye Capital LLC80,306$1.01M0.00%+80,306New
Bank of New York Mellon Corp81,504$1.02M0.00%−5,451−6.3%Reduced
PDT Partners, LLC84,022$1.06M0.06%−6,000−6.7%Reduced
Qube Research & Technologies Ltd92,453$1.16M0.00%−322,827−77.7%Reduced
Balyasny Asset Management LLC101,046$1.27M0.00%−7,762−7.1%Reduced
Victory Capital Management Inc101,365$1.27M0.00%+14,096+16.2%Added
Stifel Financial Corp126,175$1.59M0.00%+126,175New
Russell Investments Group, Ltd.130,360$1.63M0.00%+45,466+53.6%Added
Quantinno Capital Management LP136,034$1.71M0.00%+28,760+26.8%Added
Principal Financial Group Inc148,845$1.87M0.00%+11,232+8.2%Added
Alliancebernstein L.P.211,450$1.97M0.00%+6,010+2.9%Added
Man Group plc156,754$1.97M0.00%+20,047+14.7%Added
Algert Global LLC170,870$2.15M0.03%+86,360+102.2%Added
XTX Topco Ltd172,269$2.17M0.03%+25,431+17.3%Added
UBS Asset Management Americas Inc180,171$2.26M0.00%−340−0.2%Reduced
BNP Paribas Arbitrage, SA209,204$2.63M0.00%+152,998+272.2%Added
Teacher Retirement System of Texas216,405$2.72M0.01%+31,080+16.8%Added
Vanguard Fiduciary Trust Co223,917$2.81M0.00%−3,195−1.4%Reduced
Squarepoint Ops LLC234,255$2.94M0.01%+18,714+8.7%Added
Charles Schwab Investment Management Inc259,224$3.26M0.00%−15,115−5.5%Reduced
Northern Trust Corp267,107$3.36M0.00%−4,717−1.7%Reduced
Stoic Point Capital Management LLC297,150$3.74M3.14%+76,109+34.4%Added
Triad Investment Management368,731$4.63M5.11%+34,867+10.4%Added
Bank of America Corp371,840$4.67M0.00%+92,136+32.9%Added
HRT Financial LP372,929$4.69M0.01%+43,597+13.2%Added
AQR Capital Management LLC391,641$4.92M0.00%−90,310−18.7%Reduced
Two Sigma Investments, LP409,480$5.15M0.00%+234,191+133.6%Added
Goldman Sachs Group Inc428,866$5.39M0.00%−194,555−31.2%Reduced
Vanguard Portfolio Management LLC433,046$5.44M0.00%−113,699−20.8%Reduced
EVR Research LP440,000$5.53M2.73%+440,000New
Speece Thorson Capital Group Inc489,098$6.15M1.31%−9,913−2.0%Reduced
D. E. Shaw & Co., Inc.535,926$6.74M0.00%+193,868+56.7%Added
Jane Street Group, LLC551,625$6.93M0.00%+268,617+94.9%Added
Shay Capital LLC570,000$7.16M0.79%−205,000−26.5%Reduced
Renaissance Technologies LLC574,407$7.22M0.01%−144,893−20.1%Reduced
Citadel Advisors LLC589,696$7.41M0.00%+360,373+157.1%Added
J. Goldman & Co LP598,070$7.52M0.26%−584,603−49.4%Reduced
Dimensional Fund Advisors LP701,914$8.82M0.00%+81,245+13.1%Added
Nuveen, LLC752,447$9.46M0.00%+51,048+7.3%Added
Morgan Stanley821,170$10.3M0.00%+118,152+16.8%Added
Arrowstreet Capital, Limited Partnership829,958$10.4M0.00%−232,023−21.8%Reduced
State Street Corp862,235$10.8M0.00%+24,074+2.9%Added
Jacobs Asset Management, LLC919,761$11.6M8.71%−4,682−0.5%Reduced
Acadian Asset Management LLC957,095$12.0M0.01%+109,896+13.0%Added
Jacobs Levy Equity Management, Inc971,232$12.2M0.04%+221,178+29.5%Added
Divisadero Street Capital Management, LP1,019,988$12.8M0.30%+933,081+1,073.7%Added
Geode Capital Management, LLC1,068,308$13.4M0.00%−1,776−0.2%Reduced
Vanguard Capital Management LLC1,276,369$16.0M0.00%−109,360−7.9%Reduced
JPMorgan Chase & Co1,880,062$23.3M0.00%+134,383+7.7%Added
Clearline Capital LP2,713,890$34.1M2.20%+123,220+4.8%Added
BlackRock, Inc.3,392,357$42.6M0.00%−84,330−2.4%Reduced
White Mountains Insurance Group Ltd17,856,614$224.5M57.03%00.0%Unchanged
Philadelphia Financial Management of San Francisco, LLC0$00.00%−480,000−100.0%Sold out
Pacer Advisors, Inc.0$00.00%−258,250−100.0%Sold out
Y-Intercept (Hong Kong) Ltd0$00.00%−158,170−100.0%Sold out
Gsa Capital Partners LLP0$00.00%−109,268−100.0%Sold out
State of Wyoming0$00.00%−43,001−100.0%Sold out
Bridgefront Capital, LLC0$00.00%−26,170−100.0%Sold out
Spears Abacus Advisors LLC0$00.00%−25,400−100.0%Sold out
Los Angeles Capital Management LLC0$00.00%−23,740−100.0%Sold out
State of Tennessee, Treasury Department0$00.00%−20,728−100.0%Sold out
SG Americas Securities, LLC0$00.00%−19,473−100.0%Sold out
Cornerstone Investment Partners, LLC0$00.00%−19,008−100.0%Sold out
Ameriprise Financial Inc0$00.00%−17,807−100.0%Sold out
Eventide Asset Management, LLC0$00.00%−17,509−100.0%Sold out
nVerses Capital, LLC0$00.00%−15,790−100.0%Sold out
Schonfeld Strategic Advisors LLC0$00.00%−13,917−100.0%Sold out
Mach-1 Financial Group, Inc.0$00.00%−11,957−100.0%Sold out
Virginia Retirement Systems Et Al0$00.00%−11,200−100.0%Sold out
Aaron Wealth Advisors0$00.00%−10,242−100.0%Sold out
Jefferies Financial Group Inc.0$00.00%−10,000−100.0%Sold out
Public Employees Retirement System of Ohio0$00.00%−9,100−100.0%Sold out
Simplex Trading, LLC0$00.00%−6,846−100.0%Sold out
Private Wealth Asset Management, LLC0$00.00%−1,000−100.0%Sold out
Clear Street Markets LLC0$00.00%−557−100.0%Sold out
Root Financial Partners, LLC0$00.00%−139−100.0%Sold out
Wealth Preservation Advisors, LLC0$00.00%−66−100.0%Sold out
Jones Financial Companies LLLP0$00.00%−57−100.0%Sold out
Investors Portfolio Services LLC0$00.00%−61−100.0%Sold out
MAI Capital Management0$00.00%−25−100.0%Sold out
Skopos Labs, Inc.––––Not filed
CWM, LLC––––Not filed
Janus Henderson Group PLC––––Not filed