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MediaAlpha

98 hedge funds and large institutions have $603M invested in MediaAlpha in 2023 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 34 increasing their positions, 35 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

51% more capital invested

Capital invested by funds: $399M → $603M (+$204M)

50% more funds holding in top 10

Funds holding in top 10: 23 (+1)

3% less repeat investments, than reductions

Existing positions increased: 34 | Existing positions reduced: 35

1.58% less ownership

Funds ownership: 92.96%91.38% (-1.6%)

3% less funds holding

Funds holding: 10198 (-3)

16% less first-time investments, than exits

New positions opened: 16 | Existing positions closed: 19

Holders
98
Holders Change
-3
Holders Change %
-2.97%
% of All Funds
1.56%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.05%
New
16
Increased
34
Reduced
35
Closed
19
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Legal & General Group
76
Legal & General Group
United Kingdom
$144K +$4.65K +344 +4%
SG Americas Securities
77
SG Americas Securities
New York
$125K +$113K +8,340 New
SOW
78
State of Wyoming
Wyoming
$105K -$10.5K -774 -10%
ASN
79
Advisory Services Network
Georgia
$72.2K
AB
80
Amalgamated Bank
New York
$49K -$6.1K -451 -12%
Allspring Global Investments
81
Allspring Global Investments
North Carolina
$42.8K +$38.7K +2,859 New
Royal Bank of Canada
82
Royal Bank of Canada
Ontario, Canada
$42K -$22.7K -1,677 -38%
Osaic Holdings
83
Osaic Holdings
Arizona
$41.1K -$162 -12 -0.4%
SWM
84
Spire Wealth Management
Virginia
$24.6K
Fidelity Investments
85
Fidelity Investments
Massachusetts
$23.9K +$8.41K +622 +64%
MLICM
86
Metropolitan Life Insurance Company (MetLife)
New York
$23.7K
AIP
87
Ameritas Investment Partners
Nebraska
$22.3K
ACM
88
Aquatic Capital Management
Illinois
$21K -$48.7K -3,600 -72%
Citigroup
89
Citigroup
New York
$20.9K -$2K -148 -10%
TRCT
90
Tower Research Capital (TRC)
New York
$12K -$87K -6,432 -89%
FHA
91
First Horizon Advisors
Tennessee
$9.02K
LC
92
Lindbrook Capital
California
$2.56K +$2.31K +171 New
Fifth Third Bancorp
93
Fifth Third Bancorp
Ohio
$1.72K
VWM
94
Venturi Wealth Management
Texas
$1.23K +$1.11K +82 New
BFEC
95
Benjamin F. Edwards & Company
Missouri
$1K
MCM
96
Manchester Capital Management
Vermont
$705
PA
97
Parallel Advisors
California
$584 +$527 +39 New
S
98
SignatureFD
Georgia
$165 -$2.95K -218 -95%
PFMOSF
99
Philadelphia Financial Management of San Francisco
California
-$5.32M -534,982 Closed
Point72 Asset Management
100
Point72 Asset Management
Connecticut
-$637K -64,000 Closed

MAX Hedge Fund Activity: Q1 2023 in Review

98 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in MediaAlpha (MAX) for Q1 2023, worth a combined $603M — up 51% from $399M a quarter earlier.

Sellers outnumbered buyers: 19 funds closed out of MAX and 16 opened new positions — a net loss of 3 holders — while 35 trimmed existing stakes and 34 added.

The largest buyer was Divisadero Street Capital Management, opening a new position worth an estimated $4.67M. The largest seller was Philadelphia Financial Management of San Francisco, exiting entirely with an estimated $5.32M sold.

  • 98 institutional investors held MediaAlpha (MAX) as of Q1 2023, down from 101 in Q4 2022.
  • Funds reported $603M of MediaAlpha stock for Q1 2023, up 51% quarter-over-quarter.
  • 16 funds opened new MediaAlpha positions in Q1 2023 and 19 closed out, a net change of -3 holders.
  • The largest MediaAlpha buyer in Q1 2023 was Divisadero Street Capital Management, an estimated $4.67M added.
  • The largest MediaAlpha seller in Q1 2023 was Philadelphia Financial Management of San Francisco, an estimated $5.32M sold.

Based on aggregated 13F filings for Q1 2023.