MediaAlpha
MAX
95 hedge funds and large institutions have $677M invested in MediaAlpha in 2022 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 34 increasing their positions, 32 reducing their positions, and 14 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
21% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 14
10% more capital invested
Capital invested by funds: $616M → $677M (+$60.8M)
2% more funds holding
Funds holding: 93 → 95 (+2)
6% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 32
2.36% less ownership
Funds ownership: 101.37% → 99.01% (-2.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BBCM
Broad Bay Capital Management
New York
|
+$25.9M |
| 2 |
ACM
Ararat Capital Management
Westport,
Connecticut
|
+$8.16M |
| 3 |
MHP
Manatuck Hill Partners
Westport,
Connecticut
|
+$3.2M |
| 4 |
Balyasny Asset Management
Chicago,
Illinois
|
+$2.15M |
| 5 |
EA
Emerald Advisers
Leola,
Pennsylvania
|
+$1.82M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EAM
Eventide Asset Management
Boston,
Massachusetts
|
-$17M |
| 2 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
-$15.5M |
| 3 |
Morgan Stanley
New York
|
-$1.2M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
-$939K |
| 5 |
JP Morgan Chase
New York
|
-$859K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FHA
101
First Horizon Advisors
Memphis,
Tennessee
| – | -$6K | -417 | Closed |
|
|
QT
102
Quantbot Technologies
New York
| – | -$6K | -400 | Closed |
|
|
DFCM
103
Dark Forest Capital Management
San Juan,
Puerto Rico
| – | -$5K | -300 | Closed |
|
|
PHK
104
Point72 Hong Kong
Hong Kong
| – | -$3K | -205 | Closed |
|
105
Simplex Trading
Chicago,
Illinois
| – | -$2.8K | -200 | -91% |
|
|
IA
106
IFP Advisors
Tampa,
Florida
| – | -$1K | -36 | Closed |
|
107
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$210 | -15 | -83% |
|
108
Rockefeller Capital Management
New York
| – | +$308 | +22 | +157% |
|
MAX Hedge Fund Activity: Q1 2022 in Review
95 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in MediaAlpha (MAX) for Q1 2022, worth a combined $677M — up 9.9% from $616M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new MAX positions and 14 closed out — a net gain of 3 holders — while 34 added to existing stakes and 32 trimmed.
The largest buyer was Broad Bay Capital Management, opening a new position worth an estimated $25.9M. The largest seller was Eventide Asset Management, exiting entirely with an estimated $17M sold.
- 95 institutional investors held MediaAlpha (MAX) as of Q1 2022, up from 93 in Q4 2021.
- Funds reported $677M of MediaAlpha stock for Q1 2022, up 9.9% quarter-over-quarter.
- 17 funds opened new MediaAlpha positions in Q1 2022 and 14 closed out, a net change of +3 holders.
- The largest MediaAlpha buyer in Q1 2022 was Broad Bay Capital Management, an estimated $25.9M added.
- The largest MediaAlpha seller in Q1 2022 was Eventide Asset Management, an estimated $17M sold.
Based on aggregated 13F filings for Q1 2022.