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Marcus & Millichap

163 hedge funds and large institutions have $716M invested in Marcus & Millichap in 2018 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 75 increasing their positions, 54 reducing their positions, and 21 closing their positions.

New
Increased
Maintained
Reduced
Closed

6,975% more call options, than puts

Call options by funds: $1.7M | Put options by funds: $24K

39% more repeat investments, than reductions

Existing positions increased: 75 | Existing positions reduced: 54

1.57% more ownership

Funds ownership: 51.83%53.4% (+1.6%)

5% less funds holding

Funds holding: 171163 (-8)

8% less capital invested

Capital invested by funds: $780M → $716M (-$64.1M)

38% less first-time investments, than exits

New positions opened: 13 | Existing positions closed: 21

50% less funds holding in top 10

Funds holding in top 10: 21 (-1)

Holders
163
Holders Change
-8
Holders Change %
-4.68%
% of All Funds
3.73%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
13
Increased
75
Reduced
54
Closed
21
Calls
$1.7M
Puts
$24K
Net Calls
+$1.67M
Net Calls Change
+$1.72M
Name Holding Trade Value Shares
Change
Change in
Stake
JIM
26
Jupiter Investment Management
United Kingdom
$4.73M -$2.98M -78,584 -37%
CEI
27
Clark Estates Inc
New York
$4.48M
SI
28
Sprott Inc
Ontario, Canada
$4.25M -$133K -3,500 -3%
TCIM
29
TIAA CREF Investment Management
New York
$4.22M -$827K -21,811 -15%
AllianceBernstein
30
AllianceBernstein
Tennessee
$4.03M
RP
31
Reinhart Partners
Wisconsin
$3.85M +$431K +11,380 +11%
Assenagon Asset Management
32
Assenagon Asset Management
Luxembourg
$3.78M +$4.13M +108,908 New
Bank of America
33
Bank of America
North Carolina
$3.64M +$800K +21,102 +25%
Citadel Advisors
34
Citadel Advisors
Florida
$3.39M +$2.92M +76,963 +371%
MSL
35
Mackay Shields LLC
New York
$3.38M -$110K -2,900 -3%
PAM
36
Panagora Asset Management
Massachusetts
$3.33M +$1.23M +32,332 +51%
New York State Common Retirement Fund
37
New York State Common Retirement Fund
New York
$3.31M -$187K -4,943 -5%
Wellington Management Group
38
Wellington Management Group
Massachusetts
$3.16M -$1.39M -36,702 -29%
American Century Companies
39
American Century Companies
Missouri
$3.05M +$1.44M +38,076 +77%
KCM
40
Kennedy Capital Management
Missouri
$3M -$403K -10,641 -11%
Two Sigma Investments
41
Two Sigma Investments
New York
$2.84M -$2.32M -61,197 -43%
FQ
42
First Quadrant
California
$2.56M +$267K +7,033 +11%
DekaBank Deutsche Girozentrale
43
DekaBank Deutsche Girozentrale
Germany
$2.56M
QI
44
QS Investors
New York
$2.49M +$10.5K +277 +0.4%
Jacobs Levy Equity Management
45
Jacobs Levy Equity Management
New Jersey
$2.32M +$126K +3,312 +5%
Deutsche Bank
46
Deutsche Bank
Germany
$2.26M +$744K +19,615 +43%
MAM
47
Martingale Asset Management
Massachusetts
$2.22M +$838K +22,104 +53%
State Board of Administration of Florida Retirement System
48
State Board of Administration of Florida Retirement System
Florida
$2.13M +$22.7K +599 +1%
D.E. Shaw & Co
49
D.E. Shaw & Co
New York
$2.02M -$3.25M -85,802 -60%
TA
50
Teachers Advisors
New York
$1.79M +$572K +15,088 +41%

MMI Hedge Fund Activity: Q3 2018 in Review

163 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Marcus & Millichap (MMI) for Q3 2018, worth a combined $716M — down 8.2% from $780M a quarter earlier.

Sellers outnumbered buyers: 21 funds closed out of MMI and 13 opened new positions — a net loss of 8 holders — while 54 trimmed existing stakes and 75 added.

The largest buyer was Vanguard Group, adding an estimated $11.2M. The largest seller was Arrowstreet Capital, cutting an estimated $9.9M.

  • 163 institutional investors held Marcus & Millichap (MMI) as of Q3 2018, down from 171 in Q2 2018.
  • Funds reported $716M of Marcus & Millichap stock for Q3 2018, down 8.2% quarter-over-quarter.
  • 13 funds opened new Marcus & Millichap positions in Q3 2018 and 21 closed out, a net change of -8 holders.
  • The largest Marcus & Millichap buyer in Q3 2018 was Vanguard Group, an estimated $11.2M added.
  • The largest Marcus & Millichap seller in Q3 2018 was Arrowstreet Capital, an estimated $9.9M sold.

Based on aggregated 13F filings for Q3 2018.