Elkhorn Partners’s MediaAlpha MAX Stock Holding History

Elkhorn Partners’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
2026 Q1	$214K	Buy	+23,000	New	+$227K	0.14%	17
2024 Q1	–	Sell	-5,900	Closed	-$66K	–	48
2023 Q4	$66K	Sell	5,900 -9,600	-62%	-$95K	0.05%	34
2023 Q3	$128K	Sell	15,500 -2,500	-14%	-$22.3K	0.08%	26
2023 Q2	$186K	Buy	+18,000	New	+$163K	0.12%	23
2022 Q4	–	Sell	-2,111	Closed	-$18K	–	46
2022 Q3	$18K	Sell	2,111 -1,489	-41%	-$14.5K	0.01%	40
2022 Q2	$35K	Buy	3,600 +800	+29%	+$9.76K	0.02%	42
2022 Q1	$46K	Buy	2,800 +400	+17%	+$5.6K	0.02%	36
2021 Q4	$37K	Buy	2,400 +500	+26%	+$8.34K	0.02%	34
2021 Q3	$35K	Buy	1,900 +1,600	+533%	+$43.3K	0.02%	34
2021 Q2	$13K	Sell	300 -900	-75%	-$36K	0.01%	39
2021 Q1	$43K	Buy	+1,200	New	+$59.5K	0.03%	31

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

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

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

VCM

Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM

JGC

J. Goldman & Co New York $3.44B AUM 33.8% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.61T AUM 30.72% 1-Year Est. Return

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

JAM

Jacobs Asset Management New York $167M AUM 22.68% 1-Year Est. Return

Acadian Asset Management Boston, Massachusetts $70.5B AUM 36% 1-Year Est. Return

Elkhorn Partners's MAX Position: Q1 2026 in Review

Elkhorn Partners opened a new position in MediaAlpha (MAX) in Q1 2026: 23,000 shares worth $214K. The stake represents 0.14% of the portfolio and ranks #17 among its holdings. This is a return to the name: Elkhorn Partners previously reported a position in MAX as recently as Q4 2023.

Elkhorn Partners first reported a position in MAX in Q1 2021 and has held it in 11 quarters since. 162 funds tracked by Wall St. Rank hold MAX as of Q1 2026.

Elkhorn Partners held 23,000 shares of MediaAlpha worth $214K as of Q1 2026.
MediaAlpha was a new Elkhorn Partners position in Q1 2026.
MediaAlpha made up 0.14% of Elkhorn Partners's portfolio in Q1 2026, its #17 holding.
Elkhorn Partners first reported a position in MediaAlpha in Q1 2021 and has held it in 11 quarters since.
162 funds tracked by Wall St. Rank held MediaAlpha as of Q1 2026.

Based on Elkhorn Partners's 13F filing for Q1 2026, filed 14 May 2026.