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Mediaalpha Inc. (MAX)

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Institutional Investors' Holdings

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No.	Name	Shares	Value	% Port
1.	White Mountains Insurance Group Ltd	17,856,614	$164,995,113	57.7%
2.	Blackrock, Inc.	3,697,726	$34,166,990	0%
3.	Vanguard Group Inc	2,913,328	$26,919,151	0%
4.	Timessquare Capital Management, Llc	1,372,174	$12,678,888	0.2%
5.	Morgan Stanley	737,921	$6,818,388	0%