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Marcus & Millichap

169 hedge funds and large institutions have $709M invested in Marcus & Millichap in 2025 Q2 according to their latest regulatory filings, with 20 funds opening new positions, 62 increasing their positions, 55 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

13% more repeat investments, than reductions

Existing positions increased: 62 | Existing positions reduced: 55

0.61% more ownership

Funds ownership: 58.62%59.23% (+0.61%)

0% more first-time investments, than exits

New positions opened: 20 | Existing positions closed: 20

1% less funds holding

Funds holding: 170169 (-1)

10% less capital invested

Capital invested by funds: $791M → $709M (-$81.6M)

Holders
169
Holders Change
-1
Holders Change %
-0.59%
% of All Funds
2.22%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
20
Increased
62
Reduced
55
Closed
20
Calls
$18K
Puts
Net Calls
+$18K
Net Calls Change
+$15K
Name Holding Trade Value Shares
Change
Change in
Stake
Natixis Advisors
51
Natixis Advisors
Massachusetts
$1.02M +$272K +8,962 +37%
UBS Group
52
UBS Group
Switzerland
$1.01M +$155K +5,107 +18%
Universal-Beteiligungs- und Servicegesellschaft
53
Universal-Beteiligungs- und Servicegesellschaft
Germany
$989K -$11.7K -385 -1%
JP Morgan Chase
54
JP Morgan Chase
New York
$982K -$1.42M -46,885 -59%
WG
55
Winton Group
United Kingdom
$945K +$5.58K +184 +0.6%
HPCM
56
Hunter Perkins Capital Management
Illinois
$914K -$95.4K -3,145 -10%
Susquehanna International Group
57
Susquehanna International Group
Pennsylvania
$905K +$18K +593 +2%
State of Wisconsin Investment Board
58
State of Wisconsin Investment Board
Wisconsin
$821K +$577K +19,002 +246%
Lazard Asset Management
59
Lazard Asset Management
New York
$776K +$7.56K +249 +1%
Jane Street
60
Jane Street
New York
$735K -$581K -19,152 -44%
LPL Financial
61
LPL Financial
California
$728K +$141K +4,636 +24%
New York State Teachers Retirement System (NYSTRS)
62
New York State Teachers Retirement System (NYSTRS)
New York
$728K +$3.04K +100 +0.4%
California State Teachers Retirement System (CalSTRS)
63
California State Teachers Retirement System (CalSTRS)
California
$720K
Citigroup
64
Citigroup
New York
$658K -$406K -13,377 -38%
Canada Life
65
Canada Life
Manitoba, Canada
$636K -$227K -7,495 -27%
FNBOO
66
First National Bank of Omaha
Nebraska
$629K +$87.5K +2,883 +16%
Thrivent Financial for Lutherans
67
Thrivent Financial for Lutherans
Minnesota
$546K +$2.73K +90 +0.5%
AQR Capital Management
68
AQR Capital Management
Connecticut
$544K +$122K +4,013 +29%
Deutsche Bank
69
Deutsche Bank
Germany
$522K -$72.7K -2,397 -12%
XT
70
XTX Topco
Cayman Islands
$518K +$512K +16,881 New
P
71
&Partners
Tennessee
$493K +$487K +16,052 New
Manulife (Manufacturers Life Insurance)
72
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$464K -$1.7K -56 -0.4%
ECM
73
ExodusPoint Capital Management
New York
$442K +$437K +14,404 New
SOADOR
74
State of Alaska Department of Revenue
Alaska
$441K +$31.9K +1,050 +8%
MIM
75
MetLife Investment Management
New Jersey
$438K

MMI Hedge Fund Activity: Q2 2025 in Review

169 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Marcus & Millichap (MMI) for Q2 2025, worth a combined $709M — down 10% from $791M a quarter earlier.

Fund positioning in MMI was balanced in Q2 2025: 20 funds opened new positions, 20 closed out, 62 added to existing stakes and 55 trimmed.

The largest buyer was Royal Bank of Canada, adding an estimated $3.74M. The largest seller was Ameriprise, cutting an estimated $6.61M.

  • 169 institutional investors held Marcus & Millichap (MMI) as of Q2 2025, down from 170 in Q1 2025.
  • Funds reported $709M of Marcus & Millichap stock for Q2 2025, down 10% quarter-over-quarter.
  • 20 funds opened new Marcus & Millichap positions in Q2 2025 and 20 closed out, a net change of 0 holders.
  • The largest Marcus & Millichap buyer in Q2 2025 was Royal Bank of Canada, an estimated $3.74M added.
  • The largest Marcus & Millichap seller in Q2 2025 was Ameriprise, an estimated $6.61M sold.

Based on aggregated 13F filings for Q2 2025.