MARCHEX INC MCHX
CL B · Common Stock · CUSIP 56624R108
- SectorTechnology
- IndustryServices-Prepackaged Software
- HeadquartersSeattle, WA
- Founded2003
- Websitemarchex.com
- FilingsSEC EDGAR
* 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 ≈ $1.61.
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 32 |
| Q4 2022 | 29 |
| Q1 2023 | 28 |
| Q2 2023 | 31 |
| Q3 2023 | 30 |
| Q4 2023 | 30 |
| Q1 2024 | 30 |
| Q2 2024 | 30 |
| Q3 2024 | 29 |
| Q4 2024 | 33 |
| Q1 2025 | 34 |
| Q2 2025 | 30 |
| Q3 2025 | 31 |
| Q4 2025 | 26 |
| Q1 2026 | 28 |
| Q2 2026 | 29 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 6 | 10 |
| Q4 2024 | 12 | 9 |
| Q1 2025 | 13 | 13 |
| Q2 2025 | 7 | 15 |
| Q3 2025 | 11 | 13 |
| Q4 2025 | 6 | 13 |
| Q1 2026 | 10 | 6 |
| Q2 2026 | 8 | 11 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $0 | $0 | — |
| Q4 2025 | $16.9k | $0 | 0.00 |
| Q1 2026 | $0 | $0 | — |
| Q2 2026 | $0 | $0 | — |
Biggest buyers
| Arax Advisory Partners | New | +145.9k |
| BlackRock, Inc. | Added | +16.2k |
| MARATHON CAPITAL MANAGEMENT | Added | +2.5k |
| VANGUARD FIDUCIARY TRUST CO | Added | +1.5k |
| Tower Research Capital LLC (TRC) | Added | +839 |
| CITADEL ADVISORS LLC | Added | +731 |
| BARCLAYS PLC | New | +63 |
| Clearstead Advisors, LLC | New | +50 |
Biggest sellers
| Acuitas Investments, LLC | Reduced | -31.0k |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -29.4k |
| ACADIAN ASSET MANAGEMENT LLC | Reduced | -26.2k |
| Black Diamond Financial, LLC | Sold out | -20.0k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | Reduced | -14.5k |
| NORTHERN TRUST CORP | Reduced | -5.7k |
| GEODE CAPITAL MANAGEMENT, LLC | Reduced | -4.2k |
| GOLDMAN SACHS GROUP INC | Reduced | -2.8k |
| VANGUARD CAPITAL MANAGEMENT LLC | Reduced | -1.5k |
| UBS Group AG | Sold out | -626 |
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.
| Holder | Stake |
|---|---|
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% |
Insider purchases and sales since 1 Apr 2026
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)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 1 | $192.8k | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
| Q2 2026 | 0 | — | 0 | — | — |
| Q3 2026 | 0 | — | 0 | — | — |
None reported since 1 Apr 2026.
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| Edenbrook Capital, LLC 8.25% of their portfolio | 14.7m $23.6m | Unchanged |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 1.6m $2.5m | Reduced -29.4k |
| Kanen Wealth Management LLC 0.53% of their portfolio | 1.3m $2.2m | Unchanged |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 1.1m $1.7m | Reduced -1.5k |
| BlackRock, Inc. 0.00% of their portfolio | 656.2k $1.1m | Added +16.2k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 400.6k $645.2k | Reduced -4.2k |
| P.A.W. CAPITAL CORP 0.49% of their portfolio | 400.0k $644.0k | Unchanged |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 203.6k $327.8k | Added +1.5k |
| ACADIAN ASSET MANAGEMENT LLC 0.00% of their portfolio | 185.4k $297.0k | Reduced -26.2k |
| Arax Advisory Partners 0.00% of their portfolio | 145.9k $234.9k | New |
| STATE STREET CORP 0.00% of their portfolio | 140.7k $226.5k | Unchanged |
| Acuitas Investments, LLC 11.74% of their portfolio | 102.7k $167.5k | Reduced -31.0k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 70.3k $113.3k | Reduced -5.7k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 66.2k $106.7k | Reduced -35 |
| MARATHON CAPITAL MANAGEMENT 0.02% of their portfolio | 64.0k $103.0k | Added +2.5k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 44.6k $71.8k | Reduced -2.8k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 42.3k $68.1k | Reduced -14.5k |
| MORGAN STANLEY 0.00% of their portfolio | 33.1k $53.3k | Unchanged |
| LPL Financial LLC 0.00% of their portfolio | 31.2k $50.2k | Unchanged |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 24.3k $39.1k | Unchanged |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 17.4k $27.9k | Added +731 |
| Vanguard Global Advisers, LLC 0.00% of their portfolio | 11.2k $18.1k | Unchanged |
| Independent Advisor Alliance 0.00% of their portfolio | 10.0k $16.1k | Unchanged |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 2.9k $4.7k | Added +839 |
| BARCLAYS PLC 0.00% of their portfolio | 63 $101 | New |
| Clearstead Advisors, LLC 0.00% of their portfolio | 50 $81 | New |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 43 $70 | Unchanged |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 2 $3 | Unchanged |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 1 $1 | Unchanged |