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MediaAlpha
MAX

88 hedge funds and large institutions have $358M invested in MediaAlpha in 2022 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 43 increasing their positions, 22 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

95% more repeat investments, than reductions

Existing positions increased: 43 | Existing positions reduced: 22

1.15% more ownership

Funds ownership: 95.95% → 97.1% (+1.1%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

0% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 11

1% less funds holding

Funds holding: 89 → 88 (-1)

9% less capital invested

Capital invested by funds: $393M → $358M (-$35M)

Holders
88
Holders Change
-1
Holders Change %
-1.12%
% of All Funds
1.52%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
11
Increased
43
Reduced
22
Closed
11
Calls
$26K
Puts
–
Net Calls
+$26K
Net Calls Change
+$26K

Top Buyers

1
Kayne Anderson Rudnick Investment Management
Kayne Anderson Rudnick Investment Management
California
+$3.85M
2
EARNEST Partners
EARNEST Partners
Georgia
+$2.04M
3
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$1.98M
4
BBCM
Broad Bay Capital Management
New York
+$1.9M
5
MHP
Manatuck Hill Partners
Connecticut
+$1.41M

Top Sellers

1
Balyasny Asset Management
Balyasny Asset Management
Illinois
-$3.12M
2
RCMNY
Rubric Capital Management (New York)
New York
-$1.44M
3
NCM
Nantahala Capital Management
Connecticut
-$799K
4
Citadel Advisors
Citadel Advisors
Florida
-$687K
5
BlackRock
BlackRock
New York
-$452K
Name Holding Trade Value Shares
Change 		Change in
Stake
WMIG
1
White Mountains Insurance Group
New Hampshire
$148M – – –
Kayne Anderson Rudnick Investment Management
2
Kayne Anderson Rudnick Investment Management
California
$58.3M +$3.85M +395,302 +6%
BBCM
3
Broad Bay Capital Management
New York
$22M +$1.9M +195,400 +8%
ACM
4
Ararat Capital Management
Connecticut
$20.2M +$12.8K +1,317 +0.1%
Vanguard Group
5
Vanguard Group
Pennsylvania
$19.3M +$1.3M +133,920 +6%
Norges Bank
6
Norges Bank
Norway
$14M – – –
NCM
7
Nantahala Capital Management
Connecticut
$13.6M -$799K -82,116 -5%
BlackRock
8
BlackRock
New York
$12.6M -$452K -46,462 -3%
RCMNY
9
Rubric Capital Management (New York)
New York
$4.26M -$1.44M -147,669 -23%
SAM
10
Silvercrest Asset Management
New York
$3.69M -$296K -30,376 -7%
State Street
11
State Street
Massachusetts
$3.59M -$41.2K -4,237 -1%
Geode Capital Management
12
Geode Capital Management
Massachusetts
$3.36M +$117K +11,986 +3%
JAM
13
Jacobs Asset Management
New York
$3.34M -$442K -45,456 -11%
Wells Fargo
14
Wells Fargo
California
$3.32M +$861K +88,431 +30%
Wellington Management Group
15
Wellington Management Group
Massachusetts
$2.57M +$149K +15,289 +5%
Northern Trust
16
Northern Trust
Illinois
$1.85M -$35.6K -3,654 -2%
EARNEST Partners
17
EARNEST Partners
Georgia
$1.84M +$2.04M +209,834 New
Envestnet Asset Management
18
Envestnet Asset Management
Illinois
$1.78M +$1.98M +203,499 New
Point72 Asset Management
19
Point72 Asset Management
Connecticut
$1.68M +$465K +47,734 +33%
Charles Schwab
20
Charles Schwab
California
$1.45M +$152K +15,599 +10%
Daiwa Securities Group
21
Daiwa Securities Group
Japan
$1.41M +$234K +24,000 +18%
MHP
22
Manatuck Hill Partners
Connecticut
$1.27M +$1.41M +145,000 New
CC
23
Cannell & Co
New York
$1.27M -$227K -23,325 -14%
Goldman Sachs
24
Goldman Sachs
New York
$867K +$489K +50,230 +103%
Los Angeles Capital Management
25
Los Angeles Capital Management
California
$732K +$233K +23,969 +40%
1
2 3 4

MAX Hedge Fund Activity: Q3 2022 in Review

88 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in MediaAlpha (MAX) for Q3 2022, worth a combined $358M — down 8.9% from $393M a quarter earlier.

Fund positioning in MAX was balanced in Q3 2022: 11 funds opened new positions, 11 closed out, 43 added to existing stakes and 22 trimmed.

The largest buyer was Kayne Anderson Rudnick Investment Management, adding an estimated $3.85M. The largest seller was Balyasny Asset Management, exiting entirely with an estimated $3.12M sold.

  • 88 institutional investors held MediaAlpha (MAX) as of Q3 2022, down from 89 in Q2 2022.
  • Funds reported $358M of MediaAlpha stock for Q3 2022, down 8.9% quarter-over-quarter.
  • 11 funds opened new MediaAlpha positions in Q3 2022 and 11 closed out, a net change of 0 holders.
  • The largest MediaAlpha buyer in Q3 2022 was Kayne Anderson Rudnick Investment Management, an estimated $3.85M added.
  • The largest MediaAlpha seller in Q3 2022 was Balyasny Asset Management, an estimated $3.12M sold.

Based on aggregated 13F filings for Q3 2022.