MAX
MediaAlpha, Inc. · Communication Services · Internet Content & Information
Momentum inputs (comparable managers):
holder breadth +2.4% ·
share flow -4.8% ·
net new positions +2.4%
— formula
Ownership fragmentation — more holders, smaller aggregate stake
All ownership figures: tracked 13F managers only, common-stock positions, reporting period Q4 2025
| Quarter | Holders | Δ | Shares | Reported value | New | Exits |
|---|---|---|---|---|---|---|
| Q2 2026 | 75 | +1 | 19.30M | $241.58M | +5 | −5 |
| Q1 2026 | 78 | -6 | 19.46M | $181.93M | +3 | −9 |
| Q4 2025 | 84 | +2 | 21.71M | $281.07M | +2 | — |
| Q3 2025 | 17 | -1 | 16.29M | $185.34M | — | −1 |
| Q2 2025 | 15 | +1 | 11.63M | $127.35M | +1 | — |
| Q1 2025 | 11 | -1 | 5.10M | $47.13M | — | −1 |
| Q4 2024 | 12 | 0 | 5.31M | $59.92M | +1 | −1 |
| Q3 2024 | 11 | 0 | 3.49M | $63.29M | — | — |
| Q2 2024 | 11 | — | 3.56M | $46.87M | — | — |
| # | Manager | Shares | Δ shares | Value | Their weight | Held | ||
|---|---|---|---|---|---|---|---|---|
| 1 | BlackRock ✦ (passive) | 3.55M | -0.6% | $45.99M | 0.0% | ▼ Trim | 3 | SEC ↗ ×10 |
| 2 | The Vanguard Group ✦ (passive) | 2.57M | -1.1% | $33.29M | 0.0% | ▼ Trim | 3 | SEC ↗ ×5 |
| 3 | JPMorgan Chase ✦ | 1.37M | -35.4% | $17.71M | 0.0% | ▼ Trim | 2 | SEC ↗ ×5 |
| 4 | Renaissance Technologies ✦ | 1.05M | +10.6% | $13.54M | 0.0% | ▲ Add | 7 | SEC ↗ |
| 5 | Morgan Stanley ✦ | 960.15K | +10.1% | $12.43M | 0.0% | ▲ Add | 2 | SEC ↗ ×7 |
| 6 | Arrowstreet Capital ✦ | 855.90K | +64.5% | $11.08M | 0.0% | ▲ Add | 7 | SEC ↗ |
| 7 | AQR Capital Management ✦ | 804.10K | +4.3% | $10.41M | 0.0% | ▲ Add | 7 | SEC ↗ ×6 |
| 8 | Geode Capital Management ✦ (passive) | 777.30K | +1.0% | $10.07M | 0.0% | ▲ Add | 7 | SEC ↗ ×2 |
| 9 | Millennium Management ✦ | 751.75K | -47.4% | $9.74M | 0.0% | ▼ Trim | 7 | SEC ↗ |
| 10 | State Street Global Advisors ✦ (passive) | 731.41K | +8.8% | $9.47M | 0.0% | ▲ Add | 5 | SEC ↗ |
| 11 | Victory Capital Management Inc | 729.46K | — | $9.45M | 0.0% | n/c | 1 | SEC ↗ |
| 12 | Goldman Sachs Group ✦ | 729.37K | -43.0% | $9.45M | 0.0% | ▼ Trim | 2 | SEC ↗ ×2 |
| 13 | Nuveen, LLC | 666.54K | — | $8.63M | 0.0% | n/c | 1 | SEC ↗ ×3 |
| 14 | D. E. Shaw & Co. ✦ | 397.38K | -12.6% | $5.15M | 0.0% | ▼ Trim | 7 | SEC ↗ |
| 15 | Jane Street Group, Llc | 360.13K | — | $4.66M | 0.0% | n/c | 1 | SEC ↗ ×3 |
| 16 | Franklin Resources Inc | 328.71K | — | $4.26M | 0.0% | n/c | 1 | SEC ↗ ×3 |
| 17 | Marshall Wace ✦ | 328.39K | +79.7% | $4.25M | 0.0% | ▲ Add | 7 | SEC ↗ ×3 |
| 18 | Dimensional Fund Advisors Lp | 319.80K | — | $4.14M | 0.0% | n/c | 1 | SEC ↗ ×4 |
| 19 | Qube Research & Technologies Ltd | 284.01K | — | $3.68M | 0.0% | n/c | 1 | SEC ↗ |
| 20 | Charles Schwab Investment… | 279.82K | — | $3.62M | 0.0% | n/c | 1 | SEC ↗ |
| 21 | Bnp Paribas Financial Markets | 273.15K | — | $3.54M | 0.0% | n/c | 1 | SEC ↗ |
| 22 | Northern Trust Corp | 267.28K | — | $3.46M | 0.0% | n/c | 1 | SEC ↗ ×4 |
| 23 | Janus Henderson Group Plc | 265.91K | — | $3.44M | 0.0% | n/c | 1 | SEC ↗ ×2 |
| 24 | Pacer Advisors, Inc. | 263.02K | — | $3.41M | 0.0% | n/c | 1 | SEC ↗ |
| 25 | Balyasny Asset Management L.P. | 184.16K | — | $2.38M | 0.0% | n/c | 1 | SEC ↗ |
| 26 | Citadel Advisors ✦ | 169.65K | New | $2.20M | 0.0% | New | 1 | SEC ↗ ×2 |
| 27 | Canada Pension Plan Investment Board | 136.50K | — | $1.77M | 0.0% | n/c | 1 | SEC ↗ |
| 28 | Squarepoint Ops LLC | 124.29K | — | $1.61M | 0.0% | n/c | 1 | SEC ↗ |
| 29 | Man Group plc | 110.88K | — | $1.44M | 0.0% | n/c | 1 | SEC ↗ |
| 30 | Hrt Financial Lp | 109.02K | — | $1.41M | 0.0% | n/c | 1 | SEC ↗ |
| 31 | Barclays Plc | 91.42K | — | $1.18M | 0.0% | n/c | 1 | SEC ↗ ×2 |
| 32 | Russell Investments Group, Ltd. | 90.84K | — | $1.18M | 0.0% | n/c | 1 | SEC ↗ ×9 |
| 33 | Bank of New York Mellon Corp | 87.31K | — | $1.13M | 0.0% | n/c | 1 | SEC ↗ ×4 |
| 34 | Tudor Investment Corp Et Al | 83.33K | — | $1.08M | 0.0% | n/c | 1 | SEC ↗ |
| 35 | Nomura Holdings Inc | 82.31K | — | $1.07M | 0.0% | n/c | 1 | SEC ↗ |
| 36 | Sei Investments Co | 81.84K | — | $1.06M | 0.0% | n/c | 1 | SEC ↗ |
| 37 | Susquehanna International Group, Llp | 80.99K | — | $1.05M | 0.0% | n/c | 1 | SEC ↗ |
| 38 | Allianz Asset Management GmbH | 70.18K | — | $908,779 | 0.0% | n/c | 1 | SEC ↗ |
| 39 | Mariner, LLC | 69.89K | — | $905,407 | 0.0% | n/c | 1 | SEC ↗ |
| 40 | UBS AM, a distinct business unit of… | 65.08K | — | $842,850 | 0.0% | n/c | 1 | SEC ↗ ×2 |
| 41 | Blair William & Co/Il | 60.15K | — | $778,891 | 0.0% | n/c | 1 | SEC ↗ |
| 42 | Two Sigma Investments ✦ | 59.86K | +165.8% | $775,187 | 0.0% | ▲ Add | 7 | SEC ↗ |
| 43 | UBS Group AG | 59.69K | — | $772,973 | 0.0% | n/c | 1 | SEC ↗ ×2 |
| 44 | Swiss National Bank | 58.70K | — | $760,165 | 0.0% | n/c | 1 | SEC ↗ |
| 45 | Amundi | 58.62K | — | $759,077 | 0.0% | n/c | 1 | SEC ↗ |
| 46 | Bank Of America Corp /De/ | 58.16K | — | $753,223 | 0.0% | n/c | 1 | SEC ↗ ×4 |
| 47 | Raymond James Financial Inc | 52.71K | — | $682,568 | 0.0% | n/c | 1 | SEC ↗ ×2 |
| 48 | Rhumbline Advisers | 48.52K | — | $628,350 | 0.0% | n/c | 1 | SEC ↗ |
| 49 | State Of Wisconsin Investment Board | 46.84K | — | $606,604 | 0.0% | n/c | 1 | SEC ↗ |
| 50 | Mackenzie Financial Corp | 42.98K | — | $558,863 | 0.0% | n/c | 1 | SEC ↗ |
| 51 | Quantinno Capital Management LP | 42.75K | — | $553,587 | 0.0% | n/c | 1 | SEC ↗ |
| 52 | Cwm, Llc | 42.28K | — | $548,000 | 0.0% | n/c | 1 | SEC ↗ |
| 53 | Allspring Global Investments… | 42.95K | — | $513,253 | 0.0% | n/c | 1 | SEC ↗ ×2 |
| 54 | Gotham Asset Management ✦ | 39.12K | -7.8% | $506,643 | 0.0% | ▼ Trim | 3 | SEC ↗ |
| 55 | Wells Fargo & Company/Mn | 37.07K | — | $480,082 | 0.0% | n/c | 1 | SEC ↗ |
| 56 | Principal Financial Group Inc | 35.40K | — | $458,469 | 0.0% | n/c | 1 | SEC ↗ ×2 |
| 57 | Alliancebernstein L.P. | 33.93K | — | $439,394 | 0.0% | n/c | 1 | SEC ↗ |
| 58 | Legal & General Group Plc | 33.82K | — | $437,931 | 0.0% | n/c | 1 | SEC ↗ ×3 |
| 59 | Deutsche Bank Ag\ | 31.64K | — | $409,738 | 0.0% | n/c | 1 | SEC ↗ ×2 |
| 60 | T. Rowe Price ✦ | 31.01K | +7.8% | $402,000 | 0.0% | ▲ Add | 7 | SEC ↗ |
| 61 | Invesco Ltd. | 26.02K | — | $337,010 | 0.0% | n/c | 1 | SEC ↗ ×4 |
| 62 | California State Teachers… | 25.50K | — | $330,277 | 0.0% | n/c | 1 | SEC ↗ |
| 63 | Creative Planning | 25.27K | — | $327,272 | 0.0% | n/c | 1 | SEC ↗ |
| 64 | Wealth Enhancement Advisory… | 26.44K | — | $313,278 | 0.0% | n/c | 1 | SEC ↗ |
| 65 | Cerity Partners LLC | 20.78K | — | $269,063 | 0.0% | n/c | 1 | SEC ↗ ×2 |
| 66 | Point72 Asset Management ✦ | 18.75K | New | $242,825 | 0.0% | New | 1 | SEC ↗ |
| 67 | Zurcher Kantonalbank (Zurich… | 18.64K | — | $241,414 | 0.0% | n/c | 1 | SEC ↗ |
| 68 | Mercer Global Advisors Inc /Adv | 16.96K | — | $219,632 | 0.0% | n/c | 1 | SEC ↗ |
| 69 | MIRAE ASSET GLOBAL ETFS HOLDINGS… | 15.76K | — | $204,066 | 0.0% | n/c | 1 | SEC ↗ |
| 70 | Manufacturers Life Insurance… | 10.78K | — | $139,627 | 0.0% | n/c | 1 | SEC ↗ |
| 71 | Citigroup Inc | 8.29K | — | $107,395 | 0.0% | n/c | 1 | SEC ↗ ×2 |
| 72 | Royal Bank Of Canada | 6.52K | — | $85,000 | 0.0% | n/c | 1 | SEC ↗ ×3 |
| 73 | New York State Common Retirement… | 6.26K | — | $81,119 | 0.0% | n/c | 1 | SEC ↗ |
| 74 | Fidelity (FMR) ✦ | 4.83K | +17.5% | $62,505 | 0.0% | ▲ Add | 3 | SEC ↗ ×3 |
| 75 | Simplex Trading, Llc | 3.88K | — | $50,181 | 0.0% | n/c | 1 | SEC ↗ |
| 76 | Rockefeller Capital Management L.P. | 2.81K | — | $36,325 | 0.0% | n/c | 1 | SEC ↗ ×2 |
| 77 | Group One Trading Llc | 2.33K | — | $30,161 | 0.0% | n/c | 1 | SEC ↗ |
| 78 | Jones Financial Companies Lllp | 2.31K | — | $29,953 | 0.0% | n/c | 1 | SEC ↗ |
| 79 | Federated Hermes, Inc. | 1.32K | — | $17,133 | 0.0% | n/c | 1 | SEC ↗ |
| 80 | Osaic Holdings, Inc. | 1.13K | — | $14,621 | 0.0% | n/c | 1 | SEC ↗ ×2 |
| 81 | BNP Paribas Asset Management… | 594 | — | $8,000 | 0.0% | n/c | 1 | SEC ↗ |
| 82 | Us Bancorp \De\ | 503 | — | $6,514 | 0.0% | n/c | 1 | SEC ↗ ×2 |
| 83 | Optiver Holding B.V. | 270 | — | $3,496 | 0.0% | n/c | 1 | SEC ↗ |
| 84 | Pnc Financial Services Group, Inc. | 75 | — | $971 | 0.0% | n/c | 1 | SEC ↗ ×3 |
“Their weight” = the position's share of that manager's reported 13F equity value — the conviction measure. ✦ = curated manager.
New buyers
| Citadel Advisors | $2.20M | 0.0% |
| Point72 Asset Management | $242,825 | 0.0% |
Exited
| No tracked exits this quarter. |
Full-market context: across ALL 13F filers (SEC structured data, Q1 2026): 160 holders, 47.09M shares, $421.19M reported. This is a different, older period than the tracked-universe figures above and the two are never mixed.
What else this security's tracked holders most often hold — shared-ownership counts, not fundamental relationships.
Open-market purchases (P)
No open-market insider purchases in our coverage window.
Open-market sales (S)
Officer, Director · 2.03K sh · $22,377
Officer, Director · 24.00K sh · $240,943
Officer · 3.00K sh · $28,200
Director · 6.67K sh · $71,854
Director · 1.07K sh · $11,510
Director · 1.07K sh · $11,242
Director · 6.67K sh · $70,216
Director · 7.27K sh · $81,733
Director · 1.94K sh · $21,827
Director · 7.27K sh · $83,538
Awards, exercises and tax withholding are never counted as buys or sales here. Methodology
9.8% of class · View original SEC filing ↗