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Marcus & Millichap
MMI

151 hedge funds and large institutions have $736M invested in Marcus & Millichap in 2023 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 49 increasing their positions, 69 reducing their positions, and 21 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.55% more ownership

Funds ownership: 60.29% → 60.84% (+0.55%)

2% less capital invested

Capital invested by funds: $752M → $736M (-$16.1M)

5% less funds holding

Funds holding: 159 → 151 (-8)

29% less first-time investments, than exits

New positions opened: 15 | Existing positions closed: 21

29% less repeat investments, than reductions

Existing positions increased: 49 | Existing positions reduced: 69

78% less call options, than puts

Call options by funds: $88K | Put options by funds: $393K

Holders
151
Holders Change
-8
Holders Change %
-5.03%
% of All Funds
2.37%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
15
Increased
49
Reduced
69
Closed
21
Calls
$88K
Puts
$393K
Net Calls
-$305K
Net Calls Change
-$177K

Top Buyers

1
Schroder Investment Management Group
Schroder Investment Management Group
United Kingdom
+$34.4M
2
Fidelity Investments
Fidelity Investments
Massachusetts
+$10.1M
3
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$4.32M
4
RA
Royce & Associates
New York
+$2.98M
5
Wellington Management Group
Wellington Management Group
Massachusetts
+$2.45M

Top Sellers

1
BlackRock
BlackRock
New York
-$20.6M
2
Federated Hermes
Federated Hermes
Pennsylvania
-$8.79M
3
Vanguard Group
Vanguard Group
Pennsylvania
-$7.15M
4
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$6.92M
5
UBS Group
UBS Group
Switzerland
-$3.9M
Name Holding Trade Value Shares
Change 		Change in
Stake
Renaissance Technologies
26
Renaissance Technologies
New York
$2.89M -$510K -16,500 -15%
JP Morgan Chase
27
JP Morgan Chase
New York
$2.64M -$86.2K -2,790 -3%
CEI
28
Clark Estates Inc
New York
$2.38M – – –
RhumbLine Advisers
29
RhumbLine Advisers
Massachusetts
$2.31M +$69.1K +2,235 +3%
Legal & General Group
30
Legal & General Group
United Kingdom
$2.21M -$90.3K -2,922 -4%
Goldman Sachs
31
Goldman Sachs
New York
$2.17M -$474K -15,343 -18%
Squarepoint
32
Squarepoint
New York
$2.12M +$449K +14,513 +28%
Wells Fargo
33
Wells Fargo
California
$2.05M +$201K +6,502 +11%
CI
34
Cambiar Investors
Colorado
$2.04M -$223K -7,216 -10%
Envestnet Asset Management
35
Envestnet Asset Management
Illinois
$1.93M -$6.92M -223,856 -78%
Assenagon Asset Management
36
Assenagon Asset Management
Luxembourg
$1.84M +$205K +6,637 +13%
Swiss National Bank
37
Swiss National Bank
Switzerland
$1.74M – – –
CS
38
Credit Suisse
Switzerland
$1.54M +$136K +4,388 +10%
HPCM
39
Hunter Perkins Capital Management
Illinois
$1.52M +$1.49M +48,207 +105%
Federated Hermes
40
Federated Hermes
Pennsylvania
$1.44M -$8.79M -284,394 -86%
Public Sector Pension Investment Board (PSP Investments)
41
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$1.36M -$18.3K -592 -1%
ECM
42
ExodusPoint Capital Management
New York
$1.27M +$1.25M +40,441 New
UBS AM
43
UBS AM
Illinois
$1.23M – – –
Barclays
44
Barclays
United Kingdom
$1.21M -$207K -6,704 -15%
UBS Group
45
UBS Group
Switzerland
$1.14M -$3.9M -126,119 -78%
CCG
46
Chatham Capital Group
Georgia
$1.07M +$1.05K +34 +0.1%
AllianceBernstein
47
AllianceBernstein
Tennessee
$1.07M – – –
Skandinaviska Enskilda Banken (SEB)
48
Skandinaviska Enskilda Banken (SEB)
Sweden
$1.06M -$621K -20,100 -37%
ACP
49
Aviance Capital Partners
Florida
$1.03M +$31.7K +1,025 +3%
Citadel Advisors
50
Citadel Advisors
Florida
$1.01M -$772K -24,963 -44%
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MMI Hedge Fund Activity: Q2 2023 in Review

151 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Marcus & Millichap (MMI) for Q2 2023, worth a combined $736M — down 2.1% from $752M a quarter earlier.

Sellers outnumbered buyers: 21 funds closed out of MMI and 15 opened new positions — a net loss of 6 holders — while 69 trimmed existing stakes and 49 added.

The largest buyer was Schroder Investment Management Group, opening a new position worth an estimated $34.4M. The largest seller was BlackRock, cutting an estimated $20.6M.

  • 151 institutional investors held Marcus & Millichap (MMI) as of Q2 2023, down from 159 in Q1 2023.
  • Funds reported $736M of Marcus & Millichap stock for Q2 2023, down 2.1% quarter-over-quarter.
  • 15 funds opened new Marcus & Millichap positions in Q2 2023 and 21 closed out, a net change of -6 holders.
  • The largest Marcus & Millichap buyer in Q2 2023 was Schroder Investment Management Group, an estimated $34.4M added.
  • The largest Marcus & Millichap seller in Q2 2023 was BlackRock, an estimated $20.6M sold.

Based on aggregated 13F filings for Q2 2023.