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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	22,856,814	$254,853,476	64.91%
2.	Kayne Anderson Rudnick Investment Management Llc	5,485,293	$61,161,017	0.15%
3.	Vanguard Group Inc	1,842,548	$20,544,410	0%
4.	Blackrock Inc.	1,722,215	$19,202,697	0%
5.	Geode Capital Management, Llc	453,553	$5,057,652	0%