MediaAlpha
      
      
        
          MAX
        
        
      
    
  
          MAX
        
        
      144 hedge funds and large institutions have $436M invested in MediaAlpha in 2025 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 60 increasing their positions, 44 reducing their positions, and 34 closing their positions.
New
  Increased
  Maintained
  Reduced
  Closed
  more call options, than puts
Call options by funds: $ | Put options by funds: $
more repeat investments, than reductions
Existing positions increased: | Existing positions reduced:
more funds holding in top 10
Funds holding in top 10: →
less ownership
Funds ownership: →
10% less funds holding
Funds holding: 160 → 144 (-16)
19% less capital invested
Capital invested by funds: $542M → $436M (-$105M)
38% less first-time investments, than exits
New positions opened: 21 | Existing positions closed: 34
    
      Holders
    
  
  
    
      
        
      
        144
      
    
      
    
  
    
      Holding in Top 10
    
  
  
    
      
        
      
        2
      
    
      
    
  
    
      Calls
    
  
  
    
      
        
      
        $3.32M
      
    
      
    
  
    
      Puts
    
  
  
    
      
        
      
        $1.12M
      
    
      
    
  
Top Buyers
| 1 | +$13.6M | |
| 2 | +$4.89M | |
| 3 | +$2.7M | |
| 4 | 
      Citadel Advisors
     
      
        Miami,
      
      
        Florida
      
     | +$2.54M | 
| 5 | 
    JGC
   
      J. Goldman & Co
     
      
      
        New York
      
     | +$2.37M | 
Top Sellers
| 1 | -$10.8M | |
| 2 | -$6.56M | |
| 3 | -$5.33M | |
| 4 | 
      Lazard Asset Management
     
      
      
        New York
      
     | -$5.15M | 
| 5 | 
      Arrowstreet Capital
     
      
        Boston,
      
      
        Massachusetts
      
     | -$4.31M | 
 
