MediaAlpha
MAX
151 hedge funds and large institutions have $885M invested in MediaAlpha in 2024 Q3 according to their latest regulatory filings, with 32 funds opening new positions, 63 increasing their positions, 39 reducing their positions, and 29 closing their positions.
225% more call options, than puts
Call options by funds: $2.38M | Put options by funds: $731K
62% more repeat investments, than reductions
Existing positions increased: 63 | Existing positions reduced: 39
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
34% more capital invested
Capital invested by funds: $661M → $885M (+$225M)
10% more first-time investments, than exits
New positions opened: 32 | Existing positions closed: 29
2% more funds holding
Funds holding: 148 → 151 (+3)
7.91% less ownership
Funds ownership: 97.24% → 89.33% (-7.9%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$20.5M |
| 2 |
N
Nuveen
Charlotte,
North Carolina
|
+$16.6M |
| 3 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
+$12.9M |
| 4 |
CC
Clearline Capital
New York
|
+$10.6M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$8.79M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Kayne Anderson Rudnick Investment Management
Los Angeles,
California
|
-$61.6M |
| 2 |
EA
Emerald Advisers
Leola,
Pennsylvania
|
-$7.88M |
| 3 |
PFMOSF
Philadelphia Financial Management of San Francisco
San Francisco,
California
|
-$6.84M |
| 4 |
GCM
Ghisallo Capital Management
Boston,
Massachusetts
|
-$6.42M |
| 5 |
Voloridge Investment Management
Jupiter,
Florida
|
-$5.55M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FHA
176
First Horizon Advisors
Memphis,
Tennessee
| – | -$7.93K | -602 | Closed |
|
|
CA
177
Crewe Advisors
Salt Lake City,
Utah
| – | -$6.31K | -479 | Closed |
|
|
WWM
178
Wolff Wiese Magana
Carslbad,
California
| – | -$2.11K | -160 | Closed |
|
|
VWM
179
Venturi Wealth Management
Austin,
Texas
| – | -$1.08K | -82 | Closed |
|
180
Amundi
Paris,
France
| – | -$221 | -18 | Closed |
|
MAX Hedge Fund Activity: Q3 2024 in Review
151 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in MediaAlpha (MAX) for Q3 2024, worth a combined $885M — up 34% from $661M a quarter earlier.
Buyers outnumbered sellers: 32 funds opened new MAX positions and 29 closed out — a net gain of 3 holders — while 63 added to existing stakes and 39 trimmed.
The largest buyer was BlackRock, adding an estimated $20.5M. The largest seller was Kayne Anderson Rudnick Investment Management, exiting entirely with an estimated $61.6M sold.
- 151 institutional investors held MediaAlpha (MAX) as of Q3 2024, up from 148 in Q2 2024.
- Funds reported $885M of MediaAlpha stock for Q3 2024, up 34% quarter-over-quarter.
- 32 funds opened new MediaAlpha positions in Q3 2024 and 29 closed out, a net change of +3 holders.
- The largest MediaAlpha buyer in Q3 2024 was BlackRock, an estimated $20.5M added.
- The largest MediaAlpha seller in Q3 2024 was Kayne Anderson Rudnick Investment Management, an estimated $61.6M sold.
Based on aggregated 13F filings for Q3 2024.