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Marcus & Millichap

170 hedge funds and large institutions have $791M invested in Marcus & Millichap in 2025 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 57 increasing their positions, 65 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

55% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 11

3% more funds holding

Funds holding: 165170 (+5)

0.2% less ownership

Funds ownership: 58.82%58.62% (-0.2%)

9% less capital invested

Capital invested by funds: $873M → $791M (-$82.7M)

12% less repeat investments, than reductions

Existing positions increased: 57 | Existing positions reduced: 65

100% less funds holding in top 10

Funds holding in top 10: 10 (-1)

Holders
170
Holders Change
+5
Holders Change %
+3.03%
% of All Funds
2.28%
Holding in Top 10
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
New
17
Increased
57
Reduced
65
Closed
11
Calls
$3K
Puts
Net Calls
+$3K
Net Calls Change
-$414K
Name Holding Trade Value Shares
Change
Change in
Stake
Principal Financial Group
26
Principal Financial Group
Iowa
$4.13M +$114K +3,095 +3%
Envestnet Asset Management
27
Envestnet Asset Management
Illinois
$4.11M +$166K +4,495 +4%
Arrowstreet Capital
28
Arrowstreet Capital
Massachusetts
$3.2M +$3.14M +85,207 +1,099%
Invesco
29
Invesco
Georgia
$2.83M -$20.2K -549 -0.7%
JP Morgan Chase
30
JP Morgan Chase
New York
$2.72M -$1.63M -44,235 -36%
Wells Fargo
31
Wells Fargo
California
$2.69M +$71.3K +1,937 +3%
UBS AM
32
UBS AM
Illinois
$2.66M +$308K +8,369 +12%
Public Sector Pension Investment Board (PSP Investments)
33
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$2.63M +$593K +16,101 +27%
N
34
Nuveen
North Carolina
$2.57M +$311K +8,440 +13%
RhumbLine Advisers
35
RhumbLine Advisers
Massachusetts
$2.39M -$136K -3,681 -5%
Legal & General Group
36
Legal & General Group
United Kingdom
$2.12M -$81.9K -2,224 -3%
American Century Companies
37
American Century Companies
Missouri
$2.09M +$200K +5,430 +10%
Qube Research & Technologies (QRT)
38
Qube Research & Technologies (QRT)
United Kingdom
$2.08M +$101K +2,753 +5%
Barclays
39
Barclays
United Kingdom
$1.95M -$248K -6,725 -11%
Renaissance Technologies
40
Renaissance Technologies
New York
$1.94M +$2.07M +56,253 New
Swiss National Bank
41
Swiss National Bank
Switzerland
$1.7M
Millennium Management
42
Millennium Management
New York
$1.65M +$1.4M +38,059 +390%
Jane Street
43
Jane Street
New York
$1.48M +$1.21M +32,968 +326%
CI
44
Cambiar Investors
Colorado
$1.44M -$302K -8,208 -16%
Norges Bank
45
Norges Bank
Norway
$1.22M -$1.32M -35,974 -50%
Citigroup
46
Citigroup
New York
$1.2M -$9.43K -256 -0.7%
AllianceBernstein
47
AllianceBernstein
Tennessee
$1.15M -$11.1K -301 -0.9%
Janney Montgomery Scott
48
Janney Montgomery Scott
Pennsylvania
$1.15M +$119K +3,232 +11%
HPCM
49
Hunter Perkins Capital Management
Illinois
$1.13M
Universal-Beteiligungs- und Servicegesellschaft
50
Universal-Beteiligungs- und Servicegesellschaft
Germany
$1.12M +$1.2M +32,583 New

MMI Hedge Fund Activity: Q1 2025 in Review

170 of the 7,462 institutional investors tracked by Wall St. Rank reported a position in Marcus & Millichap (MMI) for Q1 2025, worth a combined $791M — down 9.5% from $873M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new MMI positions and 11 closed out — a net gain of 6 holders — while 57 added to existing stakes and 65 trimmed.

The largest buyer was Reinhart Partners, adding an estimated $9.33M. The largest seller was Royce & Associates, cutting an estimated $16.2M.

  • 170 institutional investors held Marcus & Millichap (MMI) as of Q1 2025, up from 165 in Q4 2024.
  • Funds reported $791M of Marcus & Millichap stock for Q1 2025, down 9.5% quarter-over-quarter.
  • 17 funds opened new Marcus & Millichap positions in Q1 2025 and 11 closed out, a net change of +6 holders.
  • The largest Marcus & Millichap buyer in Q1 2025 was Reinhart Partners, an estimated $9.33M added.
  • The largest Marcus & Millichap seller in Q1 2025 was Royce & Associates, an estimated $16.2M sold.

Based on aggregated 13F filings for Q1 2025.