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MediaAlpha
MAX

88 hedge funds and large institutions have $358M invested in MediaAlpha in 2022 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 43 increasing their positions, 22 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

95% more repeat investments, than reductions

Existing positions increased: 43 | Existing positions reduced: 22

1.15% more ownership

Funds ownership: 95.95% → 97.1% (+1.1%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

0% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 11

1% less funds holding

Funds holding: 89 → 88 (-1)

9% less capital invested

Capital invested by funds: $393M → $358M (-$35M)

Holders
88
Holders Change
-1
Holders Change %
-1.12%
% of All Funds
1.52%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
11
Increased
43
Reduced
22
Closed
11
Calls
$26K
Puts
–
Net Calls
+$26K
Net Calls Change
+$26K

Top Buyers

1
Kayne Anderson Rudnick Investment Management
Kayne Anderson Rudnick Investment Management
California
+$3.85M
2
EARNEST Partners
EARNEST Partners
Georgia
+$2.04M
3
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$1.98M
4
BBCM
Broad Bay Capital Management
New York
+$1.9M
5
MHP
Manatuck Hill Partners
Connecticut
+$1.41M

Top Sellers

1
Balyasny Asset Management
Balyasny Asset Management
Illinois
-$3.12M
2
RCMNY
Rubric Capital Management (New York)
New York
-$1.44M
3
NCM
Nantahala Capital Management
Connecticut
-$799K
4
Citadel Advisors
Citadel Advisors
Florida
-$687K
5
BlackRock
BlackRock
New York
-$452K
Name Holding Trade Value Shares
Change 		Change in
Stake
TC
26
TownSquare Capital
Utah
$691K +$204K +20,911 +36%
State of Wisconsin Investment Board
27
State of Wisconsin Investment Board
Wisconsin
$657K -$9.31K -956 -1%
Bank of New York Mellon
28
Bank of New York Mellon
New York
$651K +$71.2K +7,316 +11%
SEI Investments
29
SEI Investments
Pennsylvania
$650K +$371K +38,104 +105%
Stifel Financial
30
Stifel Financial
Missouri
$623K +$165K +16,927 +31%
Tudor Investment Corp
31
Tudor Investment Corp
Connecticut
$609K +$677K +69,571 New
SC
32
Shay Capital
New York
$591K +$657K +67,500 New
N
33
Nuveen
North Carolina
$571K +$10K +1,031 +2%
AAM
34
Azzad Asset Management
Virginia
$490K +$218K +22,370 +66%
Swiss National Bank
35
Swiss National Bank
Switzerland
$474K +$31.1K +3,200 +6%
Neuberger Berman Group
36
Neuberger Berman Group
New York
$399K +$76.9K +7,903 +21%
Renaissance Technologies
37
Renaissance Technologies
New York
$391K +$41.9K +4,300 +11%
M&T Bank
38
M&T Bank
New York
$280K +$52.4K +5,385 +20%
RhumbLine Advisers
39
RhumbLine Advisers
Massachusetts
$258K +$29.5K +3,027 +11%
California State Teachers Retirement System (CalSTRS)
40
California State Teachers Retirement System (CalSTRS)
California
$255K +$3.1K +318 +1%
Lazard Asset Management
41
Lazard Asset Management
New York
$214K – – –
Sumitomo Mitsui Trust Group
42
Sumitomo Mitsui Trust Group
Japan
$214K – – –
William Blair & Company
43
William Blair & Company
Illinois
$205K -$17.1K -1,757 -7%
T. Rowe Price Associates
44
T. Rowe Price Associates
Maryland
$199K -$23.7K -2,432 -10%
HV
45
HST Ventures
Utah
$197K +$219K +22,501 New
US Bancorp
46
US Bancorp
Minnesota
$194K +$31.8K +3,268 +17%
JP Morgan Chase
47
JP Morgan Chase
New York
$190K +$4.58K +470 +2%
Citadel Advisors
48
Citadel Advisors
Florida
$184K -$687K -70,595 -77%
BTWM
49
Baker Tilly Wealth Management
Wisconsin
$173K +$31.3K +3,213 +19%
CS
50
Credit Suisse
Switzerland
$166K +$96.6K +9,928 +108%
1
2
3 4

MAX Hedge Fund Activity: Q3 2022 in Review

88 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in MediaAlpha (MAX) for Q3 2022, worth a combined $358M — down 8.9% from $393M a quarter earlier.

Fund positioning in MAX was balanced in Q3 2022: 11 funds opened new positions, 11 closed out, 43 added to existing stakes and 22 trimmed.

The largest buyer was Kayne Anderson Rudnick Investment Management, adding an estimated $3.85M. The largest seller was Balyasny Asset Management, exiting entirely with an estimated $3.12M sold.

  • 88 institutional investors held MediaAlpha (MAX) as of Q3 2022, down from 89 in Q2 2022.
  • Funds reported $358M of MediaAlpha stock for Q3 2022, down 8.9% quarter-over-quarter.
  • 11 funds opened new MediaAlpha positions in Q3 2022 and 11 closed out, a net change of 0 holders.
  • The largest MediaAlpha buyer in Q3 2022 was Kayne Anderson Rudnick Investment Management, an estimated $3.85M added.
  • The largest MediaAlpha seller in Q3 2022 was Balyasny Asset Management, an estimated $3.12M sold.

Based on aggregated 13F filings for Q3 2022.