MediaAlpha
MAX
89 hedge funds and large institutions have $708M invested in MediaAlpha in 2021 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 35 increasing their positions, 23 reducing their positions, and 26 closing their positions.
52% more repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 23
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1.12% less ownership
Funds ownership: 97.87% → 96.75% (-1.1%)
9% less funds holding
Funds holding: 98 → 89 (-9)
35% less first-time investments, than exits
New positions opened: 17 | Existing positions closed: 26
55% less capital invested
Capital invested by funds: $1.59B → $708M (-$883M)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $291K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
+$21.8M |
| 2 |
CC
Cannell & Co
New York
|
+$15.2M |
| 3 |
WHCM
Wolf Hill Capital Management
Greenwich,
Connecticut
|
+$10.5M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$5.04M |
| 5 |
Kayne Anderson Rudnick Investment Management
Los Angeles,
California
|
+$4.77M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$29.2M |
| 2 |
SI
Scout Investments
Kansas City,
Missouri
|
-$13.2M |
| 3 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
-$10.9M |
| 4 |
EMFAT
Emerald Mutual Fund Advisers Trust
Leola,
Pennsylvania
|
-$10.3M |
| 5 |
Calamos Advisors
Naperville,
Illinois
|
-$3.4M |
MAX Hedge Fund Activity: Q3 2021 in Review
89 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in MediaAlpha (MAX) for Q3 2021, worth a combined $708M — down 55% from $1.59B a quarter earlier.
Sellers outnumbered buyers: 26 funds closed out of MAX and 17 opened new positions — a net loss of 9 holders — while 23 trimmed existing stakes and 35 added.
The largest buyer was Mackenzie Financial, adding an estimated $21.8M. The largest seller was Fidelity Investments, cutting an estimated $29.2M.
- 89 institutional investors held MediaAlpha (MAX) as of Q3 2021, down from 98 in Q2 2021.
- Funds reported $708M of MediaAlpha stock for Q3 2021, down 55% quarter-over-quarter.
- 17 funds opened new MediaAlpha positions in Q3 2021 and 26 closed out, a net change of -9 holders.
- The largest MediaAlpha buyer in Q3 2021 was Mackenzie Financial, an estimated $21.8M added.
- The largest MediaAlpha seller in Q3 2021 was Fidelity Investments, an estimated $29.2M sold.
Based on aggregated 13F filings for Q3 2021.