Brevan Howard Capital Management’s MediaAlpha MAX Stock Holding History

Brevan Howard Capital Management’s Portfolio MAX Stock Details MAX Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	–	Sell	-12,289	Closed	-$140K	–	2095
2025 Q3	$140K	Sell	12,289 -6,179	-33%	-$68.2K	﹤0.01%	1829
2025 Q2	$202K	Buy	+18,468	New	+$178K	﹤0.01%	1711
2025 Q1	–	Sell	-15,967	Closed	-$180K	–	1334
2024 Q4	$180K	Buy	+15,967	New	+$230K	﹤0.01%	925

Other funds holding MAX

WMIG

White Mountains Insurance Group Hanover, New Hampshire $313M AUM 14.8% 1-Year Est. Return

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

JP Morgan Chase New York $1.56T AUM 27.86% 1-Year Est. Return

Clearline Capital New York $1.93B AUM 38.13% 1-Year Est. Return

Renaissance Technologies New York $63.9B AUM 45.56% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

Arrowstreet Capital Boston, Massachusetts $185B AUM 39.58% 1-Year Est. Return

DSCM

Divisadero Street Capital Management Miami, Florida $2.39B AUM 134.55% 1-Year Est. Return

AQR Capital Management Greenwich, Connecticut $218B AUM 29.41% 1-Year Est. Return

Brevan Howard Capital Management's MAX Position: Q4 2025 in Review

Brevan Howard Capital Management sold out of MediaAlpha (MAX) in Q4 2025, closing a stake of 12,289 shares — an estimated $140K sold.

Brevan Howard Capital Management first reported a position in MAX in Q4 2024 and held it in 3 quarters. The position peaked at $202K in Q2 2025. 171 funds tracked by Wall St. Rank hold MAX as of Q4 2025.

Brevan Howard Capital Management reported no remaining MediaAlpha position as of Q4 2025 after selling out during the quarter.
Brevan Howard Capital Management sold 12,289 MediaAlpha shares in Q4 2025, an estimated $140K.
Brevan Howard Capital Management first reported a position in MediaAlpha in Q4 2024 and held it in 3 quarters.
Brevan Howard Capital Management's MediaAlpha position peaked at $202K in Q2 2025.
171 funds tracked by Wall St. Rank held MediaAlpha as of Q4 2025.

Based on Brevan Howard Capital Management's 13F filing for Q4 2025, filed 17 Feb 2026.