Mediaalpha Inc-class A (MAX) Hedge Fund & Institutional Holdings (Q2 2026)

MAX ranks #3587 out of 37501 tracked stocks by institutional interest — one of the most closely watched names in our coverage.

MAX is a top-conviction position for White Mountains Insurance Group LTD — at 57.0% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.

Clearline Capital LP has added to its MAX position for two straight quarters, increasing it by $17.3M to reach $34.1M today.

Goldman Sachs Group Inc has trimmed its MAX position for two straight quarters, cutting it by $4.1M while still holding $5.4M.

MAX is up 2.2% today, and institutions have been net buyers of $11.5M this quarter — today's price move and the underlying institutional flow are pointing the same direction.

MAX posted net income of $97.2M over the trailing twelve months, and currently trades at a P/E of 8.8.

• Profitable — net income of $97.2M over the trailing twelve months
• Revenue grew 13.8% year over year
• Net income improved year over year, from -$6.6M to $97.2M
• Generated $65.6M in positive operating cash flow
• Current ratio of 1.18x — below the conventional 1.5x liquidity buffer
• Liabilities run 99.28x equity — a highly leveraged balance sheet worth noting