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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
WG
51
Winton Group
United Kingdom
$1.05M +$49.4K +1,342 +5%
Susquehanna International Group
52
Susquehanna International Group
Pennsylvania
$995K +$676K +18,360 +175%
Bank of America
53
Bank of America
North Carolina
$980K -$216K -5,854 -17%
Canada Life
54
Canada Life
Manitoba, Canada
$972K -$52.5K -1,427 -5%
UBS Group
55
UBS Group
Switzerland
$953K -$999K -27,130 -50%
Prudential Financial
56
Prudential Financial
New Jersey
$946K -$40.9K -1,110 -5%
Tudor Investment Corp
57
Tudor Investment Corp
Connecticut
$889K +$223K +6,061 +31%
Lazard Asset Management
58
Lazard Asset Management
New York
$862K +$165K +4,494 +22%
Natixis Advisors
59
Natixis Advisors
Massachusetts
$841K +$58.8K +1,598 +7%
New York State Teachers Retirement System (NYSTRS)
60
New York State Teachers Retirement System (NYSTRS)
New York
$814K +$89K +2,416 +11%
California State Teachers Retirement System (CalSTRS)
61
California State Teachers Retirement System (CalSTRS)
California
$807K
Deutsche Bank
62
Deutsche Bank
Germany
$669K -$76.9K -2,089 -10%
LPL Financial
63
LPL Financial
California
$657K +$214K +5,822 +44%
D.E. Shaw & Co
64
D.E. Shaw & Co
New York
$610K +$652K +17,720 New
Thrivent Financial for Lutherans
65
Thrivent Financial for Lutherans
Minnesota
$609K -$34.3K -932 -5%
FNBOO
66
First National Bank of Omaha
Nebraska
$606K +$1.44K +39 +0.2%
Manulife (Manufacturers Life Insurance)
67
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$522K +$18.4K +500 +3%
MIM
68
MetLife Investment Management
New Jersey
$492K -$7.18K -195 -1%
P
69
Pitcairn
Pennsylvania
$485K -$7.33K -199 -1%
Mirae Asset Global ETFs Holdings
70
Mirae Asset Global ETFs Holdings
Hong Kong
$481K +$22.1K +600 +4%
AQR Capital Management
71
AQR Capital Management
Connecticut
$472K +$151K +4,110 +43%
CCP
72
Clarkston Capital Partners
Michigan
$466K +$498K +13,530 New
IMRF
73
Illinois Municipal Retirement Fund
Illinois
$466K +$25.3K +686 +5%
SOADOR
74
State of Alaska Department of Revenue
Alaska
$459K -$10.5K -284 -2%
HSBC Holdings
75
HSBC Holdings
United Kingdom
$446K +$153K +4,156 +46%

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.