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Marcus & Millichap

192 hedge funds and large institutions have $596M invested in Marcus & Millichap in 2025 Q4 according to their latest regulatory filings, with 43 funds opening new positions, 61 increasing their positions, 61 reducing their positions, and 24 closing their positions.

New
Increased
Maintained
Reduced
Closed

79% more first-time investments, than exits

New positions opened: 43 | Existing positions closed: 24

10% more funds holding

Funds holding: 175192 (+17)

0% more repeat investments, than reductions

Existing positions increased: 61 | Existing positions reduced: 61

2.39% less ownership

Funds ownership: 58.51%56.12% (-2.4%)

11% less capital invested

Capital invested by funds: $670M → $596M (-$74M)

Holders
192
Holders Change
+17
Holders Change %
+9.71%
% of All Funds
2.33%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
43
Increased
61
Reduced
61
Closed
24
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
XT
51
XTX Topco
Cayman Islands
$1.7M +$1.35M +46,749 +302%
AQR Capital Management
52
AQR Capital Management
Connecticut
$1.52M -$155K -5,360 -9%
Deutsche Bank
53
Deutsche Bank
Germany
$1.51M +$1.04M +36,041 +186%
Mariner
54
Mariner
Kansas
$1.36M +$1.44M +49,923 New
ECM
55
ExodusPoint Capital Management
New York
$1.35M +$399K +13,780 +39%
Swiss National Bank
56
Swiss National Bank
Switzerland
$1.35M
A
57
AlphaQuest
New York
$1.28M +$1.02M +35,115 +301%
Bank of America
58
Bank of America
North Carolina
$1.24M +$556K +19,228 +73%
Squarepoint
59
Squarepoint
New York
$1.17M +$629K +21,753 +104%
HF
60
HRT Financial
New York
$1.16M +$987K +34,126 +406%
CI
61
Cambiar Investors
Colorado
$1.13M -$6.68K -231 -0.6%
UBS Group
62
UBS Group
Switzerland
$1.11M +$284K +9,802 +32%
WG
63
Winton Group
United Kingdom
$1.07M +$118K +4,092 +12%
HSBC Holdings
64
HSBC Holdings
United Kingdom
$1.07M -$190K -6,560 -14%
DFCM
65
Dark Forest Capital Management
Puerto Rico
$1.04M +$1.1M +38,073 New
LIP
66
Lighthouse Investment Partners
Florida
$940K
EGM
67
Engineers Gate Manager
New York
$852K +$903K +31,214 New
HPCM
68
Hunter Perkins Capital Management
Illinois
$850K +$16.8K +580 +2%
AllianceBernstein
69
AllianceBernstein
Tennessee
$843K -$74.9K -2,590 -8%
PAM
70
Panagora Asset Management
Massachusetts
$815K +$864K +29,854 New
Royal Bank of Canada
71
Royal Bank of Canada
Ontario, Canada
$807K -$2.4M -83,032 -74%
AIM
72
Aigen Investment Management
New York
$765K +$810K +28,017 New
PP
73
PDT Partners
New York
$752K +$104K +3,585 +15%
QT
74
Quantbot Technologies
New York
$741K +$786K +27,166 New
Prudential Financial
75
Prudential Financial
New Jersey
$730K -$223K -7,698 -22%