MediaAlpha
MAX
162 hedge funds and large institutions have $542M invested in MediaAlpha in 2024 Q4 according to their latest regulatory filings, with 35 funds opening new positions, 66 increasing their positions, 47 reducing their positions, and 24 closing their positions.
293% more call options, than puts
Call options by funds: $2.77M | Put options by funds: $704K
46% more first-time investments, than exits
New positions opened: 35 | Existing positions closed: 24
40% more repeat investments, than reductions
Existing positions increased: 66 | Existing positions reduced: 47
7% more funds holding
Funds holding: 151 → 162 (+11)
2.13% less ownership
Funds ownership: 89.33% → 87.2% (-2.1%)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
39% less capital invested
Capital invested by funds: $885M → $542M (-$343M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCM
TimesSquare Capital Management
New York
|
+$10.2M |
| 2 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
+$6.61M |
| 3 |
AQR Capital Management
Greenwich,
Connecticut
|
+$5.78M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$5.71M |
| 5 |
CP
CenterBook Partners
Greenwich,
Connecticut
|
+$5.63M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$18.5M |
| 2 |
DSCM
Divisadero Street Capital Management
Miami,
Florida
|
-$13.6M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$9.99M |
| 4 |
SAM
Silvercrest Asset Management
New York
|
-$8.1M |
| 5 |
N
Nuveen
Charlotte,
North Carolina
|
-$7.94M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
EC
176
EntryPoint Capital
New York
| – | -$470K | -25,932 | Closed |
|
|
BCA
177
Bay Colony Advisors
Concord,
Massachusetts
| – | -$433K | -23,890 | Closed |
|
178
Prudential Financial
Newark,
New Jersey
| – | -$344K | -18,985 | Closed |
|
|
AIM
179
Aigen Investment Management
New York
| – | -$184K | -10,140 | Closed |
|
|
NC
180
nVerses Capital
Wellington,
Florida
| – | -$116K | -6,400 | Closed |
|
|
ACM
181
Aster Capital Management
Dubai,
United Arab Emirates
| – | -$9.05K | -500 | Closed |
|
|
MIM
182
Macroview Investment Management
Bethesda,
Maryland
| – | -$8.64K | -477 | Closed |
|
|
CA
183
Continuum Advisory
Eagle,
Idaho
| – | -$520 | -42 | Closed |
|
|
CPA
184
Capital Performance Advisors
Walnut Creek,
California
| – | -$109 | -6 | Closed |
|
|
RIL
185
Rothschild Investment LLC
Chicago,
Illinois
| – | -$91 | -5 | Closed |
|
186
National Bank of Canada
Montreal,
Quebec, Canada
| – | -$18 | -1 | Closed |
|
MAX Hedge Fund Activity: Q4 2024 in Review
162 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in MediaAlpha (MAX) for Q4 2024, worth a combined $542M — down 39% from $885M a quarter earlier.
Buyers outnumbered sellers: 35 funds opened new MAX positions and 24 closed out — a net gain of 11 holders — while 66 added to existing stakes and 47 trimmed.
The largest buyer was TimesSquare Capital Management, adding an estimated $10.2M. The largest seller was Driehaus Capital Management, cutting an estimated $18.5M.
- 162 institutional investors held MediaAlpha (MAX) as of Q4 2024, up from 151 in Q3 2024.
- Funds reported $542M of MediaAlpha stock for Q4 2024, down 39% quarter-over-quarter.
- 35 funds opened new MediaAlpha positions in Q4 2024 and 24 closed out, a net change of +11 holders.
- The largest MediaAlpha buyer in Q4 2024 was TimesSquare Capital Management, an estimated $10.2M added.
- The largest MediaAlpha seller in Q4 2024 was Driehaus Capital Management, an estimated $18.5M sold.
Based on aggregated 13F filings for Q4 2024.