Shay Capital’s MediaAlpha MAX Stock Holding History

Shay Capital’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 Q2	$7.16M	Sell	570,000 -205,000	-26%	-$1.93M	0.46%	50
2026 Q1	$7.21M	Buy	775,000 +184,000	+31%	+$1.81M	0.6%	36
2025 Q4	$7.65M	Sell	591,000 -199,100	-25%	-$2.43M	0.79%	25
2025 Q3	$8.99M	Buy	790,100 +120,100	+18%	+$1.32M	0.78%	28
2025 Q2	$7.34M	Buy	670,000 +98,159	+17%	+$948K	0.84%	19
2025 Q1	$5.28M	Buy	571,841 +124,341	+28%	+$1.33M	0.77%	27
2024 Q4	$5.05M	Buy	447,500 +250,500	+127%	+$3.6M	0.77%	32
2024 Q3	$3.57M	Sell	197,000 -193,000	-49%	-$3.08M	0.5%	36
2024 Q2	$5.14M	Buy	390,000 +295,000	+311%	+$5.43M	0.71%	27
2024 Q1	$1.94M	Sell	95,000 -6,500	-6%	-$104K	0.3%	59
2023 Q4	$1.13M	Buy	101,500 +76,500	+306%	+$757K	0.23%	85
2023 Q3	$207K	Sell	25,000 -14,050	-36%	-$125K	0.03%	251
2023 Q2	$403K	Sell	39,050 -10,950	-22%	-$99K	0.06%	193
2023 Q1	$749K	Buy	+50,000	New	+$676K	0.15%	127
2022 Q4	–	Sell	-67,500	Closed	-$591K	–	361
2022 Q3	$591K	Buy	+67,500	New	+$657K	0.13%	131

Other funds holding MAX

WMIG

White Mountains Insurance Group Hanover, New Hampshire $394M AUM 22.47% 1-Year Est. Return

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

Clearline Capital New York $1.68B AUM 53.07% 1-Year Est. Return

JP Morgan Chase New York $1.81T AUM 41.13% 1-Year Est. Return

Vanguard Capital Management Malvern, Pennsylvania $4.68T AUM

Geode Capital Management Boston, Massachusetts $1.88T AUM 44.46% 1-Year Est. Return

DSCM

Divisadero Street Capital Management Miami, Florida $4.41B AUM 90.53% 1-Year Est. Return

Jacobs Levy Equity Management Florham Park, New Jersey $27.8B AUM 46.46% 1-Year Est. Return

Acadian Asset Management Boston, Massachusetts $84.2B AUM 55.88% 1-Year Est. Return

JAM

Jacobs Asset Management New York $159M AUM 30.93% 1-Year Est. Return

Shay Capital's MAX Position: Q2 2026 in Review

Shay Capital reduced its MediaAlpha (MAX) stake by 26% in Q2 2026, selling an estimated $1.93M and leaving 570,000 shares worth $7.16M. The position accounts for 0.46% of the portfolio, ranked #50.

Shay Capital first reported a position in MAX in Q3 2022 and has held it in 15 quarters since. The position peaked at $8.99M in Q3 2025. 154 funds tracked by Wall St. Rank hold MAX as of Q2 2026.

Shay Capital held 570,000 shares of MediaAlpha worth $7.16M as of Q2 2026.
Shay Capital sold 205,000 MediaAlpha shares in Q2 2026, an estimated $1.93M.
MediaAlpha made up 0.46% of Shay Capital's portfolio in Q2 2026, its #50 holding.
Shay Capital first reported a position in MediaAlpha in Q3 2022 and has held it in 15 quarters since.
Shay Capital's MediaAlpha position peaked at $8.99M in Q3 2025.
154 funds tracked by Wall St. Rank held MediaAlpha as of Q2 2026.

Based on Shay Capital's 13F filing for Q2 2026, filed 14 Aug 2026.