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MediaAlpha
MAX

98 hedge funds and large institutions have $1.59B invested in MediaAlpha in 2021 Q2 according to their latest regulatory filings, with 23 funds opening new positions, 43 increasing their positions, 23 reducing their positions, and 21 closing their positions.

New
Increased
Maintained
Reduced
Closed

87% more repeat investments, than reductions

Existing positions increased: 43 | Existing positions reduced: 23

23% more capital invested

Capital invested by funds: $1.29B → $1.59B (+$299M)

2% more funds holding

Funds holding: 96 → 98 (+2)

1.11% more ownership

Funds ownership: 96.76% → 97.87% (+1.1%)

10% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 21

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
98
Holders Change
+2
Holders Change %
+2.08%
% of All Funds
1.71%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
23
Increased
43
Reduced
23
Closed
21
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Vanguard Group
Vanguard Group
Pennsylvania
+$18.3M
2
Invesco
Invesco
Georgia
+$15.8M
3
Mackenzie Financial
Mackenzie Financial
Ontario, Canada
+$12.9M
4
Kayne Anderson Rudnick Investment Management
Kayne Anderson Rudnick Investment Management
California
+$12.7M
5
SI
Scout Investments
Missouri
+$12.5M

Top Sellers

Rank Fund Capital Flow
1
WA
Wasatch Advisors
Utah
-$10.2M
2
Morgan Stanley
Morgan Stanley
New York
-$9.25M
3
CCM
CAAS Capital Management
New York
-$7.73M
4
HI
HBK Investments
Texas
-$6.2M
5
ZP
Zimmer Partners
New York
-$4.61M
Name Holding Trade Value Shares
Change 		Change in
Stake
ZP
101
Zimmer Partners
New York
– -$4.61M -130,000 Closed
PCM
102
Pinz Capital Management
New York
– -$2.78M -78,550 Closed
Millennium Management
103
Millennium Management
New York
– -$2.61M -73,573 Closed
LCM
104
Laurion Capital Management
New York
– -$2.21M -62,300 Closed
Verition Fund Management
105
Verition Fund Management
Connecticut
– -$1.22M -34,409 Closed
Two Sigma Investments
106
Two Sigma Investments
New York
– -$1.03M -29,106 Closed
ECM
107
ExodusPoint Capital Management
New York
– -$888K -25,056 Closed
California Public Employees Retirement System
108
California Public Employees Retirement System
California
– -$747K -21,092 Closed
D.E. Shaw & Co
109
D.E. Shaw & Co
New York
– -$469K -13,246 Closed
PCM
110
Pentwater Capital Management
Florida
– -$354K -10,000 Closed
Arrowstreet Capital
111
Arrowstreet Capital
Massachusetts
– -$312K -8,800 Closed
PP
112
PDT Partners
New York
– -$283K -8,000 Closed
Luther King Capital Management (LKCM)
113
Luther King Capital Management (LKCM)
Texas
– -$237K -6,680 Closed
DTL
114
Dynamic Technology Lab
Singapore
– -$221K -6,248 Closed
SO
115
STRS Ohio
Ohio
– -$60K -1,700 Closed
Bank of Montreal
116
Bank of Montreal
Ontario, Canada
– -$19K -515 Closed
AS
117
Altshuler Shaham
Israel
– -$15K -426 Closed
MF
118
Manchester Financial
California
– -$4K -100 Closed
MAM
119
Meeder Asset Management
Ohio
– -$3K -88 Closed
1 2 3 4
5

MAX Hedge Fund Activity: Q2 2021 in Review

98 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in MediaAlpha (MAX) for Q2 2021, worth a combined $1.59B — up 23% from $1.29B a quarter earlier.

Buyers outnumbered sellers: 23 funds opened new MAX positions and 21 closed out — a net gain of 2 holders — while 43 added to existing stakes and 23 trimmed.

The largest buyer was Vanguard Group, adding an estimated $18.3M. The largest seller was Wasatch Advisors, cutting an estimated $10.2M.

  • 98 institutional investors held MediaAlpha (MAX) as of Q2 2021, up from 96 in Q1 2021.
  • Funds reported $1.59B of MediaAlpha stock for Q2 2021, up 23% quarter-over-quarter.
  • 23 funds opened new MediaAlpha positions in Q2 2021 and 21 closed out, a net change of +2 holders.
  • The largest MediaAlpha buyer in Q2 2021 was Vanguard Group, an estimated $18.3M added.
  • The largest MediaAlpha seller in Q2 2021 was Wasatch Advisors, an estimated $10.2M sold.

Based on aggregated 13F filings for Q2 2021.