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Marcus & Millichap
MMI

171 hedge funds and large institutions have $780M invested in Marcus & Millichap in 2018 Q2 according to their latest regulatory filings, with 33 funds opening new positions, 80 increasing their positions, 36 reducing their positions, and 23 closing their positions.

New
Increased
Maintained
Reduced
Closed

122% more repeat investments, than reductions

Existing positions increased: 80 | Existing positions reduced: 36

43% more first-time investments, than exits

New positions opened: 33 | Existing positions closed: 23

17% more capital invested

Capital invested by funds: $664M → $780M (+$116M)

4% more funds holding

Funds holding: 164 → 171 (+7)

4.1% more ownership

Funds ownership: 47.74% → 51.83% (+4.1%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $46K

Holders
171
Holders Change
+7
Holders Change %
+4.27%
% of All Funds
3.91%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
33
Increased
80
Reduced
36
Closed
23
Calls
–
Puts
$46K
Net Calls
-$46K
Net Calls Change
-$46K

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$32.5M
2
Vanguard Group
Vanguard Group
Pennsylvania
+$30.3M
3
DZ Bank
DZ Bank
Germany
+$9.66M
4
MCM
Matarin Capital Management
New York
+$7.49M
5
Renaissance Technologies
Renaissance Technologies
New York
+$3.64M

Top Sellers

Rank Fund Capital Flow
1
RA
Royce & Associates
New York
-$12.8M
2
Aberdeen Group
Aberdeen Group
United Kingdom
-$12.2M
3
ECP
Elk Creek Partners
Colorado
-$11M
4
USAA
United Services Automobile Association
Texas
-$6.68M
5
RRAM
River Road Asset Management
Kentucky
-$4.25M
Name Holding Trade Value Shares
Change 		Change in
Stake
Geode Capital Management
26
Geode Capital Management
Massachusetts
$6.28M +$812K +22,012 +16%
CI
27
Cambiar Investors
Colorado
$6.13M -$1.59M -43,100 -22%
D.E. Shaw & Co
28
D.E. Shaw & Co
New York
$5.62M +$603K +16,334 +13%
TCIM
29
TIAA CREF Investment Management
New York
$5.59M +$759K +20,579 +17%
Two Sigma Investments
30
Two Sigma Investments
New York
$5.58M +$1.01M +27,511 +24%
Fuller & Thaler Asset Management
31
Fuller & Thaler Asset Management
California
$5.39M +$3.34M +90,478 +189%
CEI
32
Clark Estates Inc
New York
$5.03M – – –
Wellington Management Group
33
Wellington Management Group
Massachusetts
$4.98M +$435K +11,792 +10%
SI
34
Sprott Inc
Ontario, Canada
$4.92M – – –
AllianceBernstein
35
AllianceBernstein
Tennessee
$4.52M +$2.63M +71,210 +159%
New York State Common Retirement Fund
36
New York State Common Retirement Fund
New York
$3.91M +$705K +19,109 +24%
MSL
37
Mackay Shields LLC
New York
$3.91M +$2.04M +55,400 +124%
RP
38
Reinhart Partners
Wisconsin
$3.89M +$198K +5,380 +6%
KCM
39
Kennedy Capital Management
Missouri
$3.79M -$249K -6,741 -6%
Goldman Sachs
40
Goldman Sachs
New York
$3.37M +$513K +13,894 +19%
Bank of America
41
Bank of America
North Carolina
$3.27M +$2.02M +54,810 +189%
QI
42
QS Investors
New York
$2.79M +$221 +6 +0%
DekaBank Deutsche Girozentrale
43
DekaBank Deutsche Girozentrale
Germany
$2.73M +$1.44M +39,143 +127%
FQ
44
First Quadrant
California
$2.61M +$1.84M +49,998 +296%
PAM
45
Panagora Asset Management
Massachusetts
$2.48M +$2.07K +56 +0.1%
Jacobs Levy Equity Management
46
Jacobs Levy Equity Management
New Jersey
$2.48M -$365K -9,898 -13%
State Board of Administration of Florida Retirement System
47
State Board of Administration of Florida Retirement System
Florida
$2.37M +$98.1K +2,660 +5%
HI
48
HBK Investments
Texas
$2.15M +$1.57M +42,550 +338%
Los Angeles Capital Management
49
Los Angeles Capital Management
California
$2.05M +$1.33M +35,990 +217%
BPM
50
Bowling Portfolio Management
Ohio
$2.04M +$206K +5,592 +12%
1
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MMI Hedge Fund Activity: Q2 2018 in Review

171 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Marcus & Millichap (MMI) for Q2 2018, worth a combined $780M — up 17% from $664M a quarter earlier.

Buyers outnumbered sellers: 33 funds opened new MMI positions and 23 closed out — a net gain of 10 holders — while 80 added to existing stakes and 36 trimmed.

The largest buyer was BlackRock, adding an estimated $32.5M. The largest seller was Royce & Associates, cutting an estimated $12.8M.

  • 171 institutional investors held Marcus & Millichap (MMI) as of Q2 2018, up from 164 in Q1 2018.
  • Funds reported $780M of Marcus & Millichap stock for Q2 2018, up 17% quarter-over-quarter.
  • 33 funds opened new Marcus & Millichap positions in Q2 2018 and 23 closed out, a net change of +10 holders.
  • The largest Marcus & Millichap buyer in Q2 2018 was BlackRock, an estimated $32.5M added.
  • The largest Marcus & Millichap seller in Q2 2018 was Royce & Associates, an estimated $12.8M sold.

Based on aggregated 13F filings for Q2 2018.