TEACHER RETIREMENT SYSTEM OF TEXAS MAX — MEDIAALPHA INC

Ownership history in TEACHER RETIREMENT SYSTEM OF TEXAS  ·  10 quarters on record

AI Ownership Summary

TEACHER RETIREMENT SYSTEM OF TEXAS reported MEDIAALPHA INC (MAX) in 10 quarterly 13F filings from 2024 Q2 through 2026 Q3. Peak portfolio weight reached 0.02% in 2024 Q3. The latest visible filing shows MAX at 0.01% of the fund.

This page tracks quarterly shares, estimated market value, portfolio weight, filing dates, and disclosure-aligned stock prices directly from SEC EDGAR 13F filings.

What this MAX ownership page tells you

This page is designed to answer the real investor question behind a 13F filing: how meaningful was TEACHER RETIREMENT SYSTEM OF TEXAS's position in MEDIAALPHA INC, and how did that conviction change over time? You can read the holding window, peak weight, latest reported size, disclosure timing, and quarter-by-quarter changes without piecing the story together from raw SEC rows.

Freshest filing
Latest Reported Filing
2026 Q3

MAX was reported at 0.01% of portfolio in the most recent visible filing.

High-water mark
Peak Conviction
0.02% in 2024 Q3

Peak weight helps separate a token disclosure from a real conviction holding the fund genuinely cared about.

Time in book
Holding Window
2024 Q2 to 2026 Q3

Longer holding windows often tell a very different story from short-lived tactical trades or one-quarter experiments.

Decision context
Why It Matters
Position size beats headlines

Knowing that a fund owned a stock is useful. Knowing whether it was a 0.20% placeholder or a true high-conviction position is where the signal actually starts.

MAX stock page TEACHER RETIREMENT SYSTEM OF TEXAS fund profile TEACHER RETIREMENT SYSTEM OF TEXAS full holdings
How TEACHER RETIREMENT SYSTEM OF TEXAS held MAX — position size vs. price
% of Fund (quarterly)    MAX price (quarter-end, indexed to 100)    SPY (indexed to 100)    QQQ (indexed to 100)
📋 Quarterly Holdings History 10 quarters  ▾
Quarter Action Sold % After 3M Timing Shares Change Chg % % of Fund Mkt Value Filed Price (Filed)
2026 Q3 UNCHANGED — — — 216,405 — 0% 0.01% $2.7M 2026-11-12 $14.81
2026 Q2 ADDED — — — 216,405 +31,080 +16.8% 0.01% $3K 2026-08-14 $13.17
2026 Q1 ADDED — — — 185,325 +174,347 +1588.1% 0.01% $1.7M 2026-04-30 $8.51
2025 Q4 REDUCED 86.4% -28.2% ✅ 10,978 -69,552 -86.4% 0.00% $142K 2026-01-28 $10.46
2025 Q3 REDUCED 46.3% +12.3% ❌ 80,530 -69,403 -46.3% 0.00% $916 2025-10-30 $12.23
2025 Q2 ADDED — — — 149,933 +129,986 +651.7% 0.01% $2K 2025-08-01 $9.86
2025 Q1 REDUCED 46.9% +18.5% ❌ 19,947 -17,592 -46.9% 0.00% $184K 2025-04-28 $8.47
2024 Q4 REDUCED 81.0% -18.2% ✅ 37,539 -159,689 -81.0% 0.00% $424 2025-02-11 $12.73
2024 Q3 ADDED — — — 197,228 +130,677 +196.4% 0.02% $4K 2024-11-13 $12.63
2024 Q2 INITIATED — — — 66,551 — — 0.00% $876 2024-08-09 $15.02

🏢 Other funds also holding MAX

As of 2026 Q3 — sorted by position size

WHITE MOUNTAINS INSURANCE GROUP LTD 3Y 7Y 45.58% Triad Investment Management 3Y 7Y 4.12% EVR Research LP 3Y 2.36% SPEECE THORSON CAPITAL GROUP INC 3Y 7Y 1.47% WINMILL & CO. INC 3Y 7Y 0.15% AXQ CAPITAL, LP 3Y 0.06% Integrated Quantitative Investments LLC 0.05% Abel Hall, LLC 0.04% Covestor Ltd 3Y 0.04% Y-Intercept (Hong Kong) Ltd 3Y 0.04%

FAQ About TEACHER RETIREMENT SYSTEM OF TEXAS and MAX

These are the practical questions this page is built to answer before you even open the full history table.

How long has TEACHER RETIREMENT SYSTEM OF TEXAS reported owning MAX?

TEACHER RETIREMENT SYSTEM OF TEXAS reported MAX across 10 quarterly 13F filings, from 2024 Q2 through 2026 Q3.

What was the largest reported MAX position in TEACHER RETIREMENT SYSTEM OF TEXAS's portfolio?

The largest reported portfolio weight for MAX was 0.02% in 2024 Q3.

What is the latest reported MAX position on this page?

The most recent filing on this page is 2026 Q3, when TEACHER RETIREMENT SYSTEM OF TEXAS reported 216,405 shares, equal to 0.01% of portfolio, with an estimated market value of $2.7M.

What does the chart on this MAX ownership page compare?

The chart compares TEACHER RETIREMENT SYSTEM OF TEXAS's quarterly MAX portfolio weight with the stock's indexed share price, so you can see whether the fund was building, trimming, or holding the position as price moved.

How well did TEACHER RETIREMENT SYSTEM OF TEXAS time their MAX position?

Based on 13F filing dates vs. subsequent MAX price moves, TEACHER RETIREMENT SYSTEM OF TEXAS correctly timed 7 out of 9 reported position changes (78%). The annualised alpha on MAX relative to SPY over the holding period was -15.9%.

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