MEDIAALPHA INC

Ticker: MAX CUSIP: 58450V104 Class: Common Stock

Note: Option positions (PUT/CALL) are excluded.

InstitutionSharesValue ($000)
WHITE MOUNTAINS INSURANCE GROUP LTD17,856,614$231,243
BlackRock, Inc.3,551,465$45,991
VANGUARD GROUP INC2,570,992$33,294
JPMORGAN CHASE & CO1,367,896$17,714
Clearline Capital LP1,301,453$16,854
RENAISSANCE TECHNOLOGIES LLC1,045,400$13,538
MORGAN STANLEY960,154$12,434
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP855,904$11,084
Divisadero Street Capital Management, LP849,011$10,995
AQR CAPITAL MANAGEMENT LLC804,095$10,413
J. Goldman & Co LP786,369$10,183
GEODE CAPITAL MANAGEMENT, LLC777,304$10,068
MILLENNIUM MANAGEMENT LLC751,745$9,735
STATE STREET CORP731,407$9,472
VICTORY CAPITAL MANAGEMENT INC729,457$9,446
GOLDMAN SACHS GROUP INC729,367$9,445
JACOBS ASSET MANAGEMENT, LLC705,299$9,134
JACOBS LEVY EQUITY MANAGEMENT, INC700,497$9,071
Nuveen, LLC666,539$8,632
ACADIAN ASSET MANAGEMENT LLC606,171$8
Shay Capital LLC591,000$7,653
G2 Investment Partners Management LLC496,916$6,435
D. E. Shaw & Co., Inc.397,380$5,146
JANE STREET GROUP, LLC360,129$4,664
FRANKLIN RESOURCES INC328,712$4,257
MARSHALL WACE, LLP328,388$4,253
DIMENSIONAL FUND ADVISORS LP319,798$4,142
Qube Research & Technologies Ltd284,012$3,678
CHARLES SCHWAB INVESTMENT MANAGEMENT INC279,817$3,624
Triad Investment Management275,437$3,567
BNP PARIBAS ARBITRAGE, SA273,151$3,537
NORTHERN TRUST CORP267,278$3,461
JANUS HENDERSON GROUP PLC265,906$3,444
Pacer Advisors, Inc.263,024$3,406
Y-Intercept (Hong Kong) Ltd210,352$2,724
Stoic Point Capital Management LLC207,298$2,685
BALYASNY ASSET MANAGEMENT L.P.184,159$2,385
CITADEL ADVISORS LLC169,647$2,197
PDT Partners, LLC165,540$2,144
CANADA PENSION PLAN INVESTMENT BOARD136,500$1,768
Squarepoint Ops LLC124,288$1,610
Man Group plc110,876$1,436
HRT FINANCIAL LP109,023$1
BOOTHBAY FUND MANAGEMENT, LLC108,143$1,400
BARCLAYS PLC91,424$1,184
Russell Investments Group, Ltd.90,843$1,179
XTX Topco Ltd90,702$1,175
IEQ CAPITAL, LLC88,136$1,141
Bank of New York Mellon Corp87,312$1,131
TUDOR INVESTMENT CORP ET AL83,330$1,079
NOMURA HOLDINGS INC82,313$1,066
Lighthouse Investment Partners, LLC82,050$1,063
SEI INVESTMENTS CO81,844$1,060
ExodusPoint Capital Management, LP81,791$1,059
SUSQUEHANNA INTERNATIONAL GROUP, LLP80,990$1,049
GLOBEFLEX CAPITAL L P80,233$1,039
LOS ANGELES CAPITAL MANAGEMENT LLC72,285$884
Allianz Asset Management GmbH70,176$909
Mariner, LLC69,891$905
UBS ASSET MANAGEMENT AMERICAS INC65,085$843
BLAIR WILLIAM & CO/IL60,146$779
TWO SIGMA INVESTMENTS, LP59,860$775
UBS Group AG59,689$773
Swiss National Bank58,700$760
Amundi58,616$759
BANK OF AMERICA CORP /DE/58,164$753
RAYMOND JAMES FINANCIAL INC52,708$683
RHUMBLINE ADVISERS48,522$628
STATE OF WISCONSIN INVESTMENT BOARD46,842$607
GSA CAPITAL PARTNERS LLP46,784$1
MACKENZIE FINANCIAL CORP42,975$559
Allspring Global Investments Holdings, LLC42,950$513
Quantinno Capital Management LP42,748$554
CWM, LLC42,278$1
Verition Fund Management LLC39,303$509
Gotham Asset Management, LLC39,123$507
State of Wyoming38,832$503
AlphaQuest LLC37,463$485
WELLS FARGO & COMPANY/MN37,072$480
Thrivent Financial for Lutherans36,379$0
PRINCIPAL FINANCIAL GROUP INC35,403$458
PharVision Advisers, LLC34,034$441
ALLIANCEBERNSTEIN L.P.33,930$439
Legal & General Group Plc33,817$438
DEUTSCHE BANK AG\31,640$410
PRICE T ROWE ASSOCIATES INC /MD/31,014$0
Versor Investments LP29,318$380
TWO SIGMA ADVISERS, LP26,896$348
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC26,437$313
FOX RUN MANAGEMENT, L.L.C.26,035$337
Invesco Ltd.26,024$337
Cannell & Spears LLC25,550$331
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM25,504$330
Creative Planning25,272$327
Graham Capital Management, L.P.23,427$303
Brookwood Investment Group LLC22,841$296
MANGROVE PARTNERS IM, LLC22,700$294
MetLife Investment Management, LLC21,402$277
Cerity Partners LLC20,777$269
Point72 Asset Management, L.P.18,751$243
71 other institutions379,486$4,584
Total (171 institutions)47,771,730$606,920