MediaAlpha
MAX
89 hedge funds and large institutions have $393M invested in MediaAlpha in 2022 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 34 increasing their positions, 28 reducing their positions, and 17 closing their positions.
21% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 28
3.06% less ownership
Funds ownership: 99.01% → 95.95% (-3.1%)
6% less funds holding
Funds holding: 95 → 89 (-6)
24% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 17
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
42% less capital invested
Capital invested by funds: $677M → $393M (-$284M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NCM
Nantahala Capital Management
New Canaan,
Connecticut
|
+$14.7M |
| 2 |
BBCM
Broad Bay Capital Management
New York
|
+$5.76M |
| 3 |
ACM
Ararat Capital Management
Westport,
Connecticut
|
+$5.57M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
+$3.4M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$1.75M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$14.2M |
| 2 |
EA
Emerald Advisers
Leola,
Pennsylvania
|
-$9.17M |
| 3 |
EMFAT
Emerald Mutual Fund Advisers Trust
Leola,
Pennsylvania
|
-$7.54M |
| 4 |
Morgan Stanley
New York
|
-$4.75M |
| 5 |
Kayne Anderson Rudnick Investment Management
Los Angeles,
California
|
-$4.63M |
MAX Hedge Fund Activity: Q2 2022 in Review
89 of the 5,959 institutional investors tracked by Wall St. Rank reported a position in MediaAlpha (MAX) for Q2 2022, worth a combined $393M — down 42% from $677M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of MAX and 13 opened new positions — a net loss of 4 holders — while 28 trimmed existing stakes and 34 added.
The largest buyer was Nantahala Capital Management, adding an estimated $14.7M. The largest seller was JP Morgan Chase, cutting an estimated $14.2M.
- 89 institutional investors held MediaAlpha (MAX) as of Q2 2022, down from 95 in Q1 2022.
- Funds reported $393M of MediaAlpha stock for Q2 2022, down 42% quarter-over-quarter.
- 13 funds opened new MediaAlpha positions in Q2 2022 and 17 closed out, a net change of -4 holders.
- The largest MediaAlpha buyer in Q2 2022 was Nantahala Capital Management, an estimated $14.7M added.
- The largest MediaAlpha seller in Q2 2022 was JP Morgan Chase, an estimated $14.2M sold.
Based on aggregated 13F filings for Q2 2022.