Vault-13

MIAMI INTL HLDGS INC MIAX

COM · Common Stock · CUSIP 59356Q108

Holdings company for MIAX exchanges and other entities

162 institutional holders +46 vs Q3 2025
37,975,27438.0m shares reported held*
46.6% of all shares outstanding*
$1.7bnreported value*
64 new 61 added 21 reduced 21 sold out net bought ≈ $490.2m (+11.2m 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 ($981.2k this quarter). Holder counts are more reliable. Shares outstanding: 81.4m as of 2025-10-31, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $44.21. Options: 4 managers hold calls ($6.4m notional), 4 hold puts ($3.5m).

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0100200Q3 25: 116Q4 25: 162162Q3 25Q4 25
Numbers
QuarterHolders
Q3 2025116
Q4 2025162

Calls vs puts

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

CallsPuts
$0$5m$10m$15mQ1 25 calls: $0Q1 25 puts: $0Q1 25P/C —Q2 25 calls: $0Q2 25 puts: $0Q2 25P/C —Q3 25 calls: $11.5mQ3 25 puts: $7.3mQ3 25P/C 0.63Q4 25 calls: $6.4mQ4 25 puts: $3.5mQ4 25P/C 0.55
Numbers
QuarterCallsPutsP/C
Q1 2025$0$0—
Q2 2025$0$0—
Q3 2025$11.5m$7.3m0.63
Q4 2025$6.4m$3.5m0.55

Biggest buyers

AMERICAN CENTURY COMPANIES INC Added +1,193,011+1.2m
T. Rowe Price Investment Management, Inc. Added +1,105,123+1.1m
BlackRock, Inc. Added +1,045,736+1.0m
Invesco Ltd. Added +820,246+820.2k
VANGUARD GROUP INC Added +545,770+545.8k
North Reef Capital Management LP Added +539,196+539.2k
STATE STREET CORP Added +519,940+519.9k
Allspring Global Investments Holdings, LLC Added +478,385+478.4k
HORIZON KINETICS ASSET MANAGEMENT LLC Added +437,395+437.4k
GOLDMAN SACHS GROUP INC Added +387,474+387.5k

Biggest sellers

JPMORGAN CHASE & CO Reduced -809,082-809.1k
CITADEL ADVISORS LLC Reduced -355,470-355.5k
MORGAN STANLEY Reduced -300,098-300.1k
PRICE T ROWE ASSOCIATES INC /MD/ Reduced -268,296-268.3k
Gillson Capital LP Sold out -206,897-206.9k
ROYAL BANK OF CANADA Reduced -198,423-198.4k
Jain Global LLC Sold out -153,815-153.8k
Freestone Grove Partners LP Sold out -125,000-125.0k
MALTESE CAPITAL MANAGEMENT LLC Reduced -121,325-121.3k
Schonfeld Strategic Advisors LLC Reduced -117,714-117.7k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $4.2m95.4k shares
CITADEL ADVISORS LLC Reduced $1.7m38.9k shares
IMC-Chicago, LLC New $466.0k10.5k shares
SIMPLEX TRADING, LLC Reduced $17.8k400 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $1.5m33.7k shares
CITADEL ADVISORS LLC Reduced $1.4m32.6k shares
JANE STREET GROUP, LLC Reduced $359.5k8.1k shares
SIMPLEX TRADING, LLC Reduced $221.9k5.0k shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

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
HORIZON KINETICS ASSET MANAGEMENT LLC 13D · may seek influence -4.4 pts · filed 2026-05-21
Stated purposeHKAM acquired the securities reported herein on behalf of the Managed Accounts for investment purposes. In the ordinary course of its business, HKAM intends to regularly review its equity interest in the Issuer and may, from time to time, acquire additional shares or other securities of the Issuer. While HKAM has no present intention to dispose of all or any portion of the shares beneficially owned by Managed Accounts, it may sell shares from time to time for a number of reasons, not limited to client requests, regulatory or investment limitations or other reasons. Any such sales of securities of the Issuer may be in the open market, privately negotiated transactions or otherwise. On May 19, 2026, HKAM distributed 4,084,261 shares in-kind on a pro rata basis without consideration to the b… Full filing
7.8% -4.4 pts 7.4m≈ $275.0m 2026-05-21
BlackRock, Inc. 13G · institution +1.1 pts · filed 2026-10-27 6.2% +1.1 pts 6.1m≈ $227.6m 2026-10-27
T. Rowe Price Investment Management, Inc. 13G · institution new · filed 2026-08-14 5.3% new 5.0m≈ $187.0m 2026-08-14

Insider purchases and sales in Q4 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
20020Q1 24: 0 buyingQ1 24: 0 sellingQ2 24: 0 buyingQ2 24: 0 sellingQ2 24Q3 24: 0 buyingQ3 24: 0 sellingQ4 24: 0 buyingQ4 24: 0 sellingQ4 24Q1 25: 0 buyingQ1 25: 0 sellingQ2 25: 0 buyingQ2 25: 0 sellingQ2 25Q3 25: 11 buyingQ3 25: 0 sellingQ4 25: 1 buyingQ4 25: 0 sellingQ4 25
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q1 20240—0——
Q2 20240—0——
Q3 20240—0——
Q4 20240—0——
Q1 20250—0——
Q2 20250—0——
Q3 202511$2.0m0——
Q4 20251$100.1k0——
DateInsiderTradeSharesPrice ValueTheir holding
2025-12-12 STAHL MURRAY +1 Director · Horizon Kinetics Asset Management LLC Bought 2,439 $41.00 $100.0k2.4k shares +<1%
2025-10-03 STAHL MURRAY +1 Director · Horizon Kinetics Asset Management LLC Bought 2 $41.97 $842 shares +<1%

Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 T. Rowe Price Investment Management, Inc. 0.06% of their portfolio BALTIMORE, MD 3,535,7393.5m $156.9m $156.9m 0.06% Added +1.1m +1,105,123
2 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.20% of their portfolio BALA CYNWYD, PA 3,284,9523.3m $145.8m $145.8m 0.20% Added +100 +100
3 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 1,928,2861.9m $85.6m $85.6m 0.00% Added +545.8k +545,770
4 HORIZON KINETICS ASSET MANAGEMENT LLC 1.09% of their portfolio NEW YORK, NY 1,819,7981.8m $80.8m $80.8m 1.09% Added +437.4k +437,395
5 BlackRock, Inc. 0.00% of their portfolio New York, NY 1,753,5071.8m $77.8m $77.8m 0.00% Added +1.0m +1,045,736
6 AMERICAN CENTURY COMPANIES INC 0.03% of their portfolio KANSAS CITY, MO 1,448,2931.4m $64.3m $64.3m 0.03% Added +1.2m +1,193,011
7 Alyeska Investment Group, L.P. 0.16% of their portfolio CHICAGO, IL 1,286,0861.3m $57.1m $57.1m 0.16% Added +20.4k +20,350
8 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 1,278,9661.3m $56.8m $56.8m 0.01% Added +820.2k +820,246
9 North Reef Capital Management LP 2.26% of their portfolio LAGUNA BEACH, CA 1,265,0001.3m $56.1m $56.1m 2.26% Added +539.2k +539,196
10 Allspring Global Investments Holdings, LLC 0.07% of their portfolio CHARLOTTE, NC 932,053932.1k $40.7m $40.7m 0.07% Added +478.4k +478,385
11 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.06% of their portfolio Boston, MA 881,329881.3k $39.1m $39.1m 0.06% Added +249.7k +249,677
12 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 814,340814.3k $36.1m $36.1m 0.00% Reduced -809.1k -809,082
13 Caldwell Investment Management Ltd. 20.74% of their portfolio TORONTO, A6 738,810738.8k $33.7m $33.7m 20.74% Added +75.0k +75,000
14 LORD, ABBETT & CO. LLC 0.09% of their portfolio JERSEY CITY, NJ 659,669659.7k $29.3m $29.3m 0.09% Added +360.5k +360,486
15 BLAIR WILLIAM & CO/IL 0.08% of their portfolio CHICAGO, IL 654,845654.8k $29.1m $29.1m 0.08% Added +291.1k +291,080
16 JANE STREET GROUP, LLC 0.03% of their portfolio NEW YORK, NY 638,050638.0k $28.3m $28.3m 0.03% Added +148.5k +148,452
17 CITADEL ADVISORS LLC 0.02% of their portfolio MIAMI, FL 619,580619.6k $27.5m $27.5m 0.02% Reduced -355.5k -355,470
18 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 616,118616.1k $27.3m $27.3m 0.00% Added +33.0k +32,998
19 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 580,665580.7k $25.8m $25.8m 0.00% Added +387.5k +387,474
20 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 576,385576.4k $25.6m $25.6m 0.00% Added +519.9k +519,940
21 Ghisallo Capital Management LLC 1.10% of their portfolio BOSTON, MA 557,500557.5k $24.7m $24.7m 1.10% Added +282.5k +282,500
22 Driehaus Capital Management LLC 0.16% of their portfolio Chicago, IL 532,391532.4k $23.6m $23.6m 0.16% Added +340.8k +340,778
23 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 512,797512.8k $22.8m $22.8m 0.00% Added +353.4k +353,403
24 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 447,538447.5k $19.9m $19.9m 0.00% Added +241.3k +241,257
25 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 427,154427.2k $19.0m $19.0m 0.00% Reduced -5.1k -5,118
26 SEVEN GRAND MANAGERS, LLC 1.35% of their portfolio BRONXVILLE, NY 400,000400.0k $17.8m $17.8m 1.35% Added +100.0k +100,000
27 VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio San Antonio, TX 392,122392.1k $17.4m $17.4m 0.01% Added +89.9k +89,875
28 SEI INVESTMENTS CO 0.01% of their portfolio OAKS, PA 340,255340.3k $15.1m $15.1m 0.01% Added +239.1k +239,064
29 INTRINSIC EDGE CAPITAL MANAGEMENT LLC 2.78% of their portfolio CHICAGO, IL 322,519322.5k $14.3m $14.3m 2.78% Reduced -25.9k -25,873
30 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 303,861303.9k $13.5m $13.5m 0.00% Added +111.2k +111,220
31 Burkehill Global Management, LP 0.85% of their portfolio NEW YORK, NY 290,000290.0k $12.9m $12.9m 0.85% Added +140.0k +140,000
32 Jump Financial, LLC 0.16% of their portfolio Chicago, IL 285,266285.3k $12.7m $12.7m 0.16% Added +266.3k +266,300
33 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 284,664284.7k $12.6m $12.6m 0.01% Added +126.2k +126,182
34 Delta Global Management LP 0.90% of their portfolio New York, NY 279,029279.0k $12.4m $12.4m 0.90% Added +228.5k +228,531
35 NORGES BANK 0.00% of their portfolio OSLO, Q8 277,200277.2k $12.3m $12.3m 0.00% Not comparable
36 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.00% of their portfolio Boston, MA 273,908273.9k $12.2m $12.2m 0.00% Reduced -23.8k -23,806
37 Woodline Partners LP 0.04% of their portfolio San Francisco, CA 261,111261.1k $11.6m $11.6m 0.04% Unchanged
38 Penn Capital Management Company, LLC 0.89% of their portfolio PHILADELPHIA, PA 252,125252.1k $11.2m $11.2m 0.89% New
39 AXIOM INVESTORS LLC /DE 0.09% of their portfolio GREENWICH, CT 243,174243.2k $10.8m $10.8m 0.09% New
40 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.02% of their portfolio TORONTO, A6 234,244234.2k $10.4m $10.4m 0.02% Added +34.2k +34,244
41 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 220,879220.9k $9.8m $9.8m 0.00% Reduced -300.1k -300,098
42 TOCQUEVILLE ASSET MANAGEMENT L.P. 0.14% of their portfolio New York, NY 220,775220.8k $9.8m $9.8m 0.14% Reduced -9.9k -9,925
43 FEDERATED HERMES, INC. 0.01% of their portfolio PITTSBURGH, PA 200,000200.0k $8.9m $8.9m 0.01% Reduced -50.0k -50,000
44 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 195,099195.1k $8.7m $8.7m 0.01% New
45 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 191,020191.0k $8.5m $8.5m 0.01% New
46 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 187,064187.1k $8.3m $8.3m 0.00% Added +98.6k +98,630
47 ROYCE & ASSOCIATES LP 0.08% of their portfolio New York, NY 181,466181.5k $8.1m $8.1m 0.08% New
48 Monashee Investment Management LLC 4.38% of their portfolio Boston, MA 175,000175.0k $7.8m $7.8m 4.38% Added +25.0k +25,000
49 Lykos Global Management, LP 5.49% of their portfolio STAMFORD, CT 175,000175.0k $7.8m $7.8m 5.49% First filing
50 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 169,614169.6k $7.5m $7.5m 0.00% Added +139.5k +139,546
51 UBS Group AG 0.00% of their portfolio ZURICH, V8 162,884162.9k $7.2m $7.2m 0.00% Added +154.9k +154,917
52 NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio ALBANY, NY 162,191162.2k $7.2m $7.2m 0.01% New
53 SOROS FUND MANAGEMENT LLC 0.09% of their portfolio NEW YORK, NY 154,560154.6k $6.9m $6.9m 0.09% Added +50.3k +50,300
54 Optiver Holding B.V. 0.00% of their portfolio AMSTERDAM, P7 152,285152.3k $6.8k $6.8k 0.00% New
55 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio Toronto, A6 146,944146.9k $6.5m $6.5m 0.01% Added +104.0k +103,950
56 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 140,331140.3k $6.2m $6.2m 0.01% Added +90.3k +90,320
57 Unisphere Establishment 0.04% of their portfolio VADUZ, N2 135,000135.0k $6.0m $6.0m 0.04% Added +35.0k +35,000
58 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 130,486130.5k $5.8m $5.8m 0.00% Reduced -268.3k -268,296
59 Polar Capital Holdings Plc 0.03% of their portfolio London, X0 123,992124.0k $5.5m $5.5m 0.03% New
60 LMR Partners LLP 0.05% of their portfolio LONDON, X0 109,795109.8k $4.9m $4.9m 0.05% Unchanged
61 KING LUTHER CAPITAL MANAGEMENT CORP 0.02% of their portfolio FORT WORTH, TX 103,819103.8k $4.6m $4.6m 0.02% New
62 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 102,387102.4k $4.5m $4.5m 0.00% Added +89.5k +89,491
63 Hudson Bay Capital Management LP 0.03% of their portfolio STAMFORD, CT 101,552101.6k $4.5m $4.5m 0.03% Added +60.4k +60,407
64 Schonfeld Strategic Advisors LLC 0.02% of their portfolio NEW YORK, NY 100,000100.0k $4.4m $4.4m 0.02% Reduced -117.7k -117,714
65 Quinn Opportunity Partners LLC 0.17% of their portfolio CHARLOTTESVILLE, VA 88,51288.5k $3.9m $3.9m 0.17% Reduced -74.1k -74,144
66 TD Asset Management Inc 0.00% of their portfolio Toronto, A6 80,50880.5k $3.6m $3.6m 0.00% Added +17.0k +17,048
67 Coastal Bridge Advisors, LLC 0.26% of their portfolio WESTPORT, CT 77,41577.4k $3.4m $3.4m 0.26% Added +850 +850
68 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 76,35176.4k $3.4m $3.4m 0.00% New
69 MAD RIVER INVESTORS 1.52% of their portfolio BOSTON, MA 75,05075.0k $3.3m $3.3m 1.52% Added +450 +450
70 Blackstone Inc. 0.01% of their portfolio NEW YORK, NY 75,00075.0k $3.3m $3.3m 0.01% Added +25.0k +25,000
71 Maven Securities LTD 0.39% of their portfolio ST HELIER, Y9 69,92069.9k $3.1m $3.1m 0.39% New
72 Capelight Capital Asset Management LP 2.77% of their portfolio NEW YORK, NY 63,00063.0k $2.8m $2.8m 2.77% First filing
73 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 60,41860.4k $2.7m $2.7m 0.00% Added +53.8k +53,783
74 one8zero8, LLC 0.57% of their portfolio GREENSBORO, NC 58,41558.4k $2.6m $2.6m 0.57% New
75 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 57,10457.1k $2.5m $2.5m 0.00% Added +41.2k +41,202
76 TUDOR INVESTMENT CORP ET AL 0.01% of their portfolio STAMFORD, CT 56,00656.0k $2.5m $2.5m 0.01% Added +10.5k +10,473
77 CREDIT AGRICOLE S A 0.01% of their portfolio Montrouge Cedex, I0 51,00251.0k $2.3m $2.3m 0.01% New
78 Harvey Partners, LLC 0.20% of their portfolio Tarrytown, NY 50,00050.0k $2.2m $2.2m 0.20% Unchanged
79 Panoramic Capital, LLC 1.17% of their portfolio LARKSPUR, CA 46,08746.1k $2.0m $2.0m 1.17% New
80 STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio MADISON, WI 42,55642.6k $1.9m $1.9m 0.00% New
81 Calamos Advisors LLC 0.01% of their portfolio NAPERVILLE, IL 41,36441.4k $1.8m $1.8m 0.01% New
82 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 40,22240.2k $1.8m $1.8m 0.00% Added +7.5k +7,471
83 Covalis Capital LLP 0.14% of their portfolio LONDON, X0 40,00040.0k $1.8m $1.8m 0.14% New
84 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 39,11539.1k $1.7m $1.7m 0.00% New
85 MALTESE CAPITAL MANAGEMENT LLC 0.30% of their portfolio New York, NY 38,67538.7k $1.7m $1.7m 0.30% Reduced -121.3k -121,325
86 XTX Topco Ltd 0.04% of their portfolio LONDON, X0 38,39038.4k $1.7m $1.7m 0.04% New
87 Pekin Hardy Strauss, Inc. 0.15% of their portfolio CHICAGO, IL 36,29036.3k $1.6m $1.6m 0.15% Added +10.6k +10,640
88 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 35,59035.6k $1.6m $1.6m 0.00% Added +32.1k +32,076
89 Grandeur Peak Global Advisors, LLC 0.19% of their portfolio SALT LAKE CITY, UT 31,97732.0k $1.4m $1.4m 0.19% Added +439 +439
90 Quadrature Capital Ltd 0.01% of their portfolio LONDON, X0 31,91531.9k $1.4m $1.4m 0.01% New
91 Swiss National Bank 0.00% of their portfolio ZURICH, V8 31,80031.8k $1.4m $1.4m 0.00% New
92 ELEMENT CAPITAL MANAGEMENT LLC 0.64% of their portfolio New York, NY 27,85527.9k $1.2m $1.2m 0.64% New
93 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 27,35027.4k $1.2m $1.2m 0.00% New
94 Bullseye Asset Management LLC 0.64% of their portfolio DENVER, CO 26,71126.7k $1.2m $1.2m 0.64% New
95 Hound Partners, LLC 0.15% of their portfolio NEW YORK, NY 25,00025.0k $1.1m $1.1m 0.15% Unchanged
96 Atlas Wealth Partners, LLC 1.19% of their portfolio WYOMISSING, PA 24,47424.5k $1.1m $1.1m 1.19% Added +2.6k +2,585
97 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 23,10023.1k $1.0m $1.0m 0.00% New
98 VARCOV Co. 0.39% of their portfolio DARIEN, CT 22,38922.4k $993.6k $993.6k 0.39% First filing
99 Symmetry Investments LP 0.18% of their portfolio ST HELIER, Y9 22,00022.0k $976.4k $976.4k 0.18% New
100 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 21,67121.7k $961.8k $961.8k 0.00% Added +733 +733