There is a long list of 91 institutional holders of MAX within the last two holding periods in our database of 13F filers, so we've sorted through to present to you just the top 50 institutional holders of MAX by largest to smallest position reported in the institutional investor's latest 13F filing. In the institutional-holders-of-MAX table below, the initial column indicates the name of each top institutional holder of MAX, with a link to that fund's top holdings. The next columns indicate the amount of MAX stock held by each of the institutional holders of MAX, followed by the MAX position size held by the institution, and finally the date of the quarterly 13F filing period the holdings data represents for that institution.

Holder	Amount	Position Size ($ in 1000's)	As of
White Mountains Insurance Group Ltd.	22,856,814	$254,853	12/31/2023
MAX	22,856,814	$254,853	12/31/2023
Kayne Anderson Rudnick Investment Management LLC	5,485,293	$61,161	12/31/2023
MAX	5,485,293	$61,161	12/31/2023
Broad Bay Capital Management LP	2,318,964	$25,856	12/31/2023
MAX	2,318,964	$25,856	12/31/2023
Vanguard Group Inc.	1,842,548	$20,544	12/31/2023
MAX	1,842,548	$20,544	12/31/2023
BlackRock Inc.	1,722,215	$19,203	12/31/2023
MAX	1,722,215	$19,203	12/31/2023
Ararat Capital Management LP	1,147,246	$12,792	12/31/2023
MAX	1,147,246	$12,792	12/31/2023
Millennium Management LLC	804,012	$8,965	12/31/2023
MAX	804,012	$8,965	12/31/2023
Norden Group LLC	263,592	$5,369	03/31/2024
MAX	263,592	$5,369	03/31/2024
Triad Investment Management	248,895	$5,070	03/31/2024
MAX	248,895	$5,070	03/31/2024
Geode Capital Management LLC	453,553	$5,058	12/31/2023
MAX	453,553	$5,058	12/31/2023
State Street Corp	422,988	$4,716	12/31/2023
MAX	422,988	$4,716	12/31/2023
Clearline Capital LP	384,124	$4,283	12/31/2023
MAX	384,124	$4,283	12/31/2023
Silvercrest Asset Management Group LLC	373,842	$4,168	12/31/2023
MAX	373,842	$4,168	12/31/2023
Jacobs Asset Management LLC	318,215	$3,548	12/31/2023
MAX	318,215	$3,548	12/31/2023
Wells Fargo & Company MN	314,133	$3,503	12/31/2023
MAX	314,133	$3,503	12/31/2023
Earnest Partners LLC	244,640	$2,728	12/31/2023
MAX	244,640	$2,728	12/31/2023
J. Goldman & Co LP	206,664	$2,304	12/31/2023
MAX	206,664	$2,304	12/31/2023
Northern Trust Corp	192,749	$2,149	12/31/2023
MAX	192,749	$2,149	12/31/2023
Nantahala Capital Management LLC	180,868	$2,017	12/31/2023
MAX	180,868	$2,017	12/31/2023
Renaissance Technologies LLC	178,100	$1,986	12/31/2023
MAX	178,100	$1,986	12/31/2023
Charles Schwab Investment Management Inc.	171,265	$1,910	12/31/2023
MAX	171,265	$1,910	12/31/2023
Nuveen Asset Management LLC	168,124	$1,875	12/31/2023
MAX	168,124	$1,875	12/31/2023
Bank of America Corp DE	156,355	$1,743	12/31/2023
MAX	156,355	$1,743	12/31/2023
HST Ventures LLC	142,581	$1,590	12/31/2023
MAX	142,581	$1,590	12/31/2023
Sei Investments Co.	123,233	$1,374	12/31/2023
MAX	123,233	$1,374	12/31/2023
Nomura Holdings Inc.	122,305	$1,364	12/31/2023
MAX	122,305	$1,364	12/31/2023
Cannell Peter B & Co. Inc.	115,480	$1,288	12/31/2023
MAX	115,480	$1,288	12/31/2023
Townsquare Capital LLC	114,237	$1,274	12/31/2023
MAX	114,237	$1,274	12/31/2023
Shay Capital LLC		$1,210	12/31/2023
MAX	101,500	$1,132	12/31/2023
Call	7,000	$78	12/31/2023
Azzad Asset Management Inc. ADV	57,691	$1,175	03/31/2024
MAX	57,691	$1,175	03/31/2024
Mariner LLC	101,518	$1,132	12/31/2023
MAX	101,518	$1,132	12/31/2023
Daiwa Securities Group Inc.	101,286	$1,129	12/31/2023
MAX	101,286	$1,129	12/31/2023
Morgan Stanley	85,563	$954	12/31/2023
MAX	85,563	$954	12/31/2023
Bank of New York Mellon Corp	66,560	$742	12/31/2023
MAX	66,560	$742	12/31/2023
Stifel Financial Corp	58,455	$652	12/31/2023
MAX	58,455	$652	12/31/2023
D. E. Shaw & Co. Inc.	45,144	$503	12/31/2023
MAX	45,144	$503	12/31/2023
Los Angeles Capital Management & Equity Research Inc.	24,535	$500	03/31/2024
MAX	24,535	$500	03/31/2024
Barclays PLC	43,169	$482	12/31/2023
MAX	43,169	$482	12/31/2023
Swiss National Bank	41,000	$457	12/31/2023
MAX	41,000	$457	12/31/2023
Arrowstreet Capital Limited Partnership	37,131	$414	12/31/2023
MAX	37,131	$414	12/31/2023
Credit Suisse AG	36,645	$409	12/31/2023
MAX	36,645	$409	12/31/2023
Portside Wealth Group LLC	19,430	$396	03/31/2024
MAX	19,430	$396	03/31/2024
Rhumbline Advisers	34,287	$382	12/31/2023
MAX	34,287	$382	12/31/2023
Citadel Advisors LLC		$374	12/31/2023
MAX	28,428	$317	12/31/2023
Call	5,100	$57	12/31/2023
Neuberger Berman Group LLC	31,445	$351	12/31/2023
MAX	31,445	$351	12/31/2023
Jane Street Group LLC	31,473	$351	12/31/2023
MAX	31,473	$351	12/31/2023
US Bancorp DE	29,538	$329	12/31/2023
MAX	29,538	$329	12/31/2023
Goldman Sachs Group Inc.	27,872	$311	12/31/2023
MAX	27,872	$311	12/31/2023
Alliancebernstein L.P.	24,380	$272	12/31/2023
MAX	24,380	$272	12/31/2023
California State Teachers Retirement System	22,174	$247	12/31/2023
MAX	22,174	$247	12/31/2023