MediaAlpha
MAX
91 hedge funds and large institutions have $471M invested in MediaAlpha in 2023 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 35 increasing their positions, 30 reducing their positions, and 7 closing their positions.
744% more call options, than puts
Call options by funds: $135K | Put options by funds: $16K
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
38% more capital invested
Capital invested by funds: $342M → $471M (+$129M)
29% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 7
17% more repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 30
2% more funds holding
Funds holding: 89 → 91 (+2)
0.4% more ownership
Funds ownership: 89.46% → 89.86% (+0.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$7.96M |
| 2 |
JGC
J. Goldman & Co
New York
|
+$2.05M |
| 3 |
ACM
Ararat Capital Management
Westport,
Connecticut
|
+$1.77M |
| 4 |
BlackRock
New York
|
+$1.5M |
| 5 |
State Street
Boston,
Massachusetts
|
+$1.34M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Norges Bank
Oslo,
Norway
|
-$3.26M |
| 2 |
Kayne Anderson Rudnick Investment Management
Los Angeles,
California
|
-$2.59M |
| 3 |
JAM
Jacobs Asset Management
New York
|
-$1.03M |
| 4 |
Marshall Wace
London,
United Kingdom
|
-$556K |
| 5 |
NCM
Nantahala Capital Management
New Canaan,
Connecticut
|
-$530K |
MAX Hedge Fund Activity: Q4 2023 in Review
91 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in MediaAlpha (MAX) for Q4 2023, worth a combined $471M — up 38% from $342M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new MAX positions and 7 closed out — a net gain of 2 holders — while 35 added to existing stakes and 30 trimmed.
The largest buyer was Millennium Management, opening a new position worth an estimated $7.96M. The largest seller was Norges Bank, exiting entirely with an estimated $3.26M sold.
- 91 institutional investors held MediaAlpha (MAX) as of Q4 2023, up from 89 in Q3 2023.
- Funds reported $471M of MediaAlpha stock for Q4 2023, up 38% quarter-over-quarter.
- 9 funds opened new MediaAlpha positions in Q4 2023 and 7 closed out, a net change of +2 holders.
- The largest MediaAlpha buyer in Q4 2023 was Millennium Management, an estimated $7.96M added.
- The largest MediaAlpha seller in Q4 2023 was Norges Bank, an estimated $3.26M sold.
Based on aggregated 13F filings for Q4 2023.