Marcus & Millichap
54 hedge funds and large institutions have $113M invested in Marcus & Millichap in 2014 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 19 increasing their positions, 13 reducing their positions, and 5 closing their positions.
200% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 5
46% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 13
23% more funds holding
Funds holding: 44 → 54 (+10)
18% more capital invested
Capital invested by funds: $95.8M → $113M (+$17.3M)
0.25% less ownership
Funds ownership: 17.57% → 17.32% (-0.25%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NCGI
Next Century Growth Investors
Plymouth,
Minnesota
|
+$4.35M |
| 2 |
WSA
Wall Street Associates
Lajolla,
California
|
+$2.56M |
| 3 |
ACA
Anchor Capital Advisors
Boston,
Massachusetts
|
+$2.3M |
| 4 |
RA
Royce & Associates
New York
|
+$2.11M |
| 5 |
ECP
Elk Creek Partners
Denver,
Colorado
|
+$1.81M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$11.1M |
| 2 |
SH
Scepter Holdings
Fort Worth,
Texas
|
-$4.03M |
| 3 |
GC
Gratia Capital
Los Angeles,
California
|
-$2.98M |
| 4 |
Millennium Management
New York
|
-$1.05M |
| 5 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
-$1.04M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
DA
51
Denali Advisors
San Diego,
California
| $4K | +$3.22K | +200 | New |
|
|
BJ
52
BlackRock Japan
Tokyo,
Japan
| $4K | +$3.5K | +217 | New |
|
53
Ameriprise
Minneapolis,
Minnesota
| $4K | +$3.51K | +218 | New |
|
54
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| $25 | – | – | – |
|
|
SH
55
Scepter Holdings
Fort Worth,
Texas
| – | -$4.03M | -270,690 | Closed |
|
|
GC
56
Gratia Capital
Los Angeles,
California
| – | -$2.98M | -200,000 | Closed |
|
|
57
Millennium Management
New York
| – | -$1.05M | -70,705 | Closed |
|
|
SAM
58
Securian Asset Management
St Paul,
Minnesota
| – | -$198K | -13,256 | Closed |
|
59
BNP Paribas Financial Markets
Paris,
France
| – | -$1.27K | -85 | Closed |
|
MMI Hedge Fund Activity: Q1 2014 in Review
54 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Marcus & Millichap (MMI) for Q1 2014, worth a combined $113M — up 18% from $95.8M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new MMI positions and 5 closed out — a net gain of 10 holders — while 19 added to existing stakes and 13 trimmed.
The largest buyer was Next Century Growth Investors, opening a new position worth an estimated $4.35M. The largest seller was Citadel Advisors, cutting an estimated $11.1M.
- 54 institutional investors held Marcus & Millichap (MMI) as of Q1 2014, up from 44 in Q4 2013.
- Funds reported $113M of Marcus & Millichap stock for Q1 2014, up 18% quarter-over-quarter.
- 15 funds opened new Marcus & Millichap positions in Q1 2014 and 5 closed out, a net change of +10 holders.
- The largest Marcus & Millichap buyer in Q1 2014 was Next Century Growth Investors, an estimated $4.35M added.
- The largest Marcus & Millichap seller in Q1 2014 was Citadel Advisors, an estimated $11.1M sold.
Based on aggregated 13F filings for Q1 2014.