Vault-13

MARCHEX INC MCHX

CL B · Common Stock · CUSIP 56624R108

31 institutional holders +1 vs Q2 2025
21,205,67121.2m shares reported held*
$38.2mreported value*
5 new 6 added 10 reduced 3 sold out net bought ≈ $34.9k (+19.4k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $1.80.

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

02040Q3 22: 32Q4 22: 29Q1 23: 28Q2 23: 31Q3 23: 30Q4 23: 30Q1 24: 30Q2 24: 30Q3 24: 29Q4 24: 33Q1 25: 34Q2 25: 30Q3 25: 3131Q3 22Q2 23Q1 24Q4 24Q3 25
Numbers
QuarterHolders
Q3 202232
Q4 202229
Q1 202328
Q2 202331
Q3 202330
Q4 202330
Q1 202430
Q2 202430
Q3 202429
Q4 202433
Q1 202534
Q2 202530
Q3 202531

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
20020Q4 23: 11 bought or addedQ4 23: 10 cut or sold outQ1 24: 11 bought or addedQ1 24: 11 cut or sold outQ1 24Q2 24: 8 bought or addedQ2 24: 13 cut or sold outQ3 24: 6 bought or addedQ3 24: 10 cut or sold outQ3 24Q4 24: 12 bought or addedQ4 24: 9 cut or sold outQ1 25: 13 bought or addedQ1 25: 13 cut or sold outQ1 25Q2 25: 7 bought or addedQ2 25: 15 cut or sold outQ3 25: 11 bought or addedQ3 25: 13 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 20231110
Q1 20241111
Q2 2024813
Q3 2024610
Q4 2024129
Q1 20251313
Q2 2025715
Q3 20251113

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$10k$20k$30k$40kQ4 24 calls: $0Q4 24 puts: $350Q4 24P/C —Q1 25 calls: $11.1kQ1 25 puts: $0Q1 25P/C 0.00Q2 25 calls: $38.0kQ2 25 puts: $0Q2 25P/C 0.00Q3 25 calls: $0Q3 25 puts: $0Q3 25P/C —
Numbers
QuarterCallsPutsP/C
Q4 2024$0$350—
Q1 2025$11.1k$00.00
Q2 2025$38.0k$00.00
Q3 2025$0$0—

Biggest buyers

Kanen Wealth Management LLC Added +434,746+434.7k
Independent Advisor Alliance New +10,000+10.0k
GEODE CAPITAL MANAGEMENT, LLC Added +9,026+9.0k
MARATHON CAPITAL MANAGEMENT Added +7,500+7.5k
Tower Research Capital LLC (TRC) Added +2,156+2.2k
BlackRock, Inc. Added +1,492+1.5k
BARCLAYS PLC New +91+91
UBS Group AG New +58+58
JPMORGAN CHASE & CO Added +43+43
CITIGROUP INC New +28+28

Biggest sellers

AMH Equity Ltd Sold out -278,276-278.3k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -52,371-52.4k
Manatuck Hill Partners, LLC Sold out -40,000-40.0k
ACADIAN ASSET MANAGEMENT LLC Reduced -16,830-16.8k
Acuitas Investments, LLC Reduced -15,600-15.6k
DIMENSIONAL FUND ADVISORS LP Reduced -13,939-13.9k
RENAISSANCE TECHNOLOGIES LLC Reduced -10,604-10.6k
Financial Advocates Investment Management Sold out -10,000-10.0k
GOLDMAN SACHS GROUP INC Reduced -5,215-5.2k
NORTHERN TRUST CORP Reduced -2,093-2.1k

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
HOROWITZ RUSSELL C 13D · may seek influence new · filed 2026-07-07
Stated purposeThe information set forth or incorporated in Item 3 and Item 6 is hereby incorporated by reference in its entirety into this Item 4. The Reporting Person acquired beneficial ownership of the Shares as part of the transactions described in Item 3 above. The Reporting Person may in the future take actions with respect to his investment in Marchex as it deems appropriate, including changing his current intentions, with respect to any or all matters required to be disclosed in this Schedule 13D. From time to time, the Reporting Person may acquire beneficial ownership of additional securities of Marchex, by purchase or otherwise, including additional purchases of shares in the open-market or privately negotiated transactions or otherwise. In addition, from time to time, the Reporting Person may… Full filing
 18.5% new 8.8m≈ $14.2m 2026-07-07

Insider purchases and sales in Q3 2025

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

Officers and directors buying vs selling

Number of people, by quarter (10% owners not included)

BuyingSelling
101Q4 23: 0 buyingQ4 23: 0 sellingQ1 24: 0 buyingQ1 24: 0 sellingQ1 24Q2 24: 1 buyingQ2 24: 0 sellingQ3 24: 1 buyingQ3 24: 0 sellingQ3 24Q4 24: 1 buyingQ4 24: 0 sellingQ1 25: 0 buyingQ1 25: 0 sellingQ1 25Q2 25: 0 buyingQ2 25: 0 sellingQ3 25: 0 buyingQ3 25: 0 sellingQ3 25
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q4 20230—0——
Q1 20240—0——
Q2 20241$297.0k0——
Q3 20241$15.0k0——
Q4 20241$192.8k0——
Q1 20250—0——
Q2 20250—0——
Q3 20250—0——

None reported in Q3 2025.

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Edenbrook Capital, LLC 13.46% of their portfolio Mt. Kisco, NY 14,664,38014.7m $26.5m $26.5m 13.46% Unchanged
2 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 1,692,1641.7m $3.1m $3.1m 0.00% Reduced -10.6k -10,604
3 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 1,294,7551.3m $2.3m $2.3m 0.00% Unchanged
4 Kanen Wealth Management LLC 0.65% of their portfolio COCONUT CREEK, FL 1,126,3881.1m $1.9m $1.9m 0.65% Added +434.7k +434,746
5 BlackRock, Inc. 0.00% of their portfolio New York, NY 632,908632.9k $1.1m $1.1m 0.00% Added +1.5k +1,492
6 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 402,225402.2k $720.2k $720.2k 0.00% Added +9.0k +9,026
7 P.A.W. CAPITAL CORP 1.31% of their portfolio GREENWICH, CT 400,000400.0k $722.5k $722.5k 1.31% Unchanged
8 ACADIAN ASSET MANAGEMENT LLC 0.00% of their portfolio Boston, MA 273,302273.3k $488.0k $488.0k 0.00% Reduced -16.8k -16,830
9 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 134,596134.6k $240.9k $240.9k 0.00% Unchanged
10 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 87,84887.8k $157.3k $157.3k 0.00% Reduced -13.9k -13,939
11 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 76,60276.6k $138.4k $138.4k 0.00% Reduced -2.1k -2,093
12 MARATHON CAPITAL MANAGEMENT 0.03% of their portfolio Hunt Valley, MD 61,50061.5k $110.1k $110.1k 0.03% Added +7.5k +7,500
13 BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.00% of their portfolio HOUSTON, TX 56,82856.8k $101.7k $101.7k 0.00% Unchanged
14 Acuitas Investments, LLC 0.06% of their portfolio Seattle, WA 48,82948.8k $88.2k $88.2k 0.06% Reduced -15.6k -15,600
15 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 44,54744.5k $80.5k $80.5k 0.00% Reduced -5.2k -5,215
16 RBF Capital, LLC 0.00% of their portfolio RENO, NV 41,60041.6k $75.1k $75.1k 0.00% Unchanged
17 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 38,80938.8k $70.1k $70.1k 0.00% Reduced -1 -1
18 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 31,24031.2k $56.4k $56.4k 0.00% Unchanged
19 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 30,92430.9k $55.4k $55.4k 0.00% Reduced -52.4k -52,371
20 Arcadia Wealth Management, Inc. 0.03% of their portfolio SMITHTOWN, NY 29,05029.1k $52.0k $52.0k 0.03% Unchanged
21 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 24,31324.3k $43.5k $43.5k 0.00% Unchanged
22 Independent Advisor Alliance 0.00% of their portfolio CHARLOTTE, NC 10,00010.0k $17.9k $17.9k 0.00% New
23 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 2,5522.6k $4.6k $4.6k 0.00% Added +2.2k +2,156
24 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 9191 $164 $164 0.00% New
25 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 8686 $154 $154 0.00% Added +43 +43
26 UBS Group AG 0.00% of their portfolio ZURICH, V8 5858 $105 $105 0.00% New
27 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 3838 $69 $69 0.00% Reduced -317 -317
28 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 2828 $50 $50 0.00% New
29 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 77 $0 $0 0.00% New
30 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 22 $4 $4 0.00% Reduced -489 -489
31 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 11 $1 $1 0.00% Unchanged