MediaAlpha
MAX
89 hedge funds and large institutions have $342M invested in MediaAlpha in 2023 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 15 increasing their positions, 56 reducing their positions, and 14 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
5% less funds holding
Funds holding: 94 → 89 (-5)
11.28% less ownership
Funds ownership: 100.74% → 89.46% (-11%)
26% less capital invested
Capital invested by funds: $464M → $342M (-$122M)
36% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 14
73% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 56
99% less call options, than puts
Call options by funds: $1K | Put options by funds: $110K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CC
Clearline Capital
New York
|
+$2.73M |
| 2 |
ACM
Ararat Capital Management
Westport,
Connecticut
|
+$1.85M |
| 3 |
TIM
Triad Investment Management
Newport Beach,
California
|
+$1.24M |
| 4 |
D.E. Shaw & Co
New York
|
+$636K |
| 5 |
Mariner
Overland Park,
Kansas
|
+$556K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Norges Bank
Oslo,
Norway
|
-$10.8M |
| 2 |
NCM
Nantahala Capital Management
New Canaan,
Connecticut
|
-$8.11M |
| 3 |
BBCM
Broad Bay Capital Management
New York
|
-$3.14M |
| 4 |
Kayne Anderson Rudnick Investment Management
Los Angeles,
California
|
-$2.3M |
| 5 |
CC
Cannell & Co
New York
|
-$1.78M |
MAX Hedge Fund Activity: Q3 2023 in Review
89 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in MediaAlpha (MAX) for Q3 2023, worth a combined $342M — down 26% from $464M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of MAX and 9 opened new positions — a net loss of 5 holders — while 56 trimmed existing stakes and 15 added.
The largest buyer was Clearline Capital, adding an estimated $2.73M. The largest seller was Norges Bank, cutting an estimated $10.8M.
- 89 institutional investors held MediaAlpha (MAX) as of Q3 2023, down from 94 in Q2 2023.
- Funds reported $342M of MediaAlpha stock for Q3 2023, down 26% quarter-over-quarter.
- 9 funds opened new MediaAlpha positions in Q3 2023 and 14 closed out, a net change of -5 holders.
- The largest MediaAlpha buyer in Q3 2023 was Clearline Capital, an estimated $2.73M added.
- The largest MediaAlpha seller in Q3 2023 was Norges Bank, an estimated $10.8M sold.
Based on aggregated 13F filings for Q3 2023.