MediaAlpha
MAX
93 hedge funds and large institutions have $616M invested in MediaAlpha in 2021 Q4 according to their latest regulatory filings, with 20 funds opening new positions, 28 increasing their positions, 34 reducing their positions, and 16 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
25% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 16
4.62% more ownership
Funds ownership: 96.75% → 101.37% (+4.6%)
4% more funds holding
Funds holding: 89 → 93 (+4)
13% less capital invested
Capital invested by funds: $708M → $616M (-$91.7M)
18% less repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 34
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Norges Bank
Oslo,
Norway
|
+$26.7M |
| 2 |
ACM
Ararat Capital Management
Westport,
Connecticut
|
+$21.1M |
| 3 |
RCMNY
Rubric Capital Management (New York)
New York
|
+$10.6M |
| 4 |
Morgan Stanley
New York
|
+$6.79M |
| 5 |
JAM
Jacobs Asset Management
New York
|
+$6.25M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$10.9M |
| 2 |
BCIM
British Columbia Investment Management
Victoria,
British Columbia, Canada
|
-$7.48M |
| 3 |
CC
Cannell & Co
New York
|
-$7.45M |
| 4 |
WHCM
Wolf Hill Capital Management
Greenwich,
Connecticut
|
-$7.22M |
| 5 |
SSA
Schonfeld Strategic Advisors
New York
|
-$4.38M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
SG Americas Securities
New York
| – | -$185K | -9,920 | Closed |
|
102
Zurich Cantonal Bank
Zurich,
Switzerland
| – | -$36K | -1,934 | Closed |
|
|
OSAM
103
O'Shaughnessy Asset Management
Stamford,
Connecticut
| – | -$24K | -1,281 | Closed |
|
|
LSA
104
Leonteq Securities AG
Zurich,
Switzerland
| – | -$20.3K | -1,088 | Closed |
|
|
GPA
105
Guidance Point Advisors
Wellesley,
Massachusetts
| – | -$7K | -388 | Closed |
|
106
Rockefeller Capital Management
New York
| – | -$1.1K | -66 | -83% |
|
107
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | +$250 | +15 | +500% |
|
MAX Hedge Fund Activity: Q4 2021 in Review
93 of the 6,498 institutional investors tracked by Wall St. Rank reported a position in MediaAlpha (MAX) for Q4 2021, worth a combined $616M — down 13% from $708M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new MAX positions and 16 closed out — a net gain of 4 holders — while 28 added to existing stakes and 34 trimmed.
The largest buyer was Norges Bank, opening a new position worth an estimated $26.7M. The largest seller was Invesco, exiting entirely with an estimated $10.9M sold.
- 93 institutional investors held MediaAlpha (MAX) as of Q4 2021, up from 89 in Q3 2021.
- Funds reported $616M of MediaAlpha stock for Q4 2021, down 13% quarter-over-quarter.
- 20 funds opened new MediaAlpha positions in Q4 2021 and 16 closed out, a net change of +4 holders.
- The largest MediaAlpha buyer in Q4 2021 was Norges Bank, an estimated $26.7M added.
- The largest MediaAlpha seller in Q4 2021 was Invesco, an estimated $10.9M sold.
Based on aggregated 13F filings for Q4 2021.