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Marcus & Millichap
MMI

151 hedge funds and large institutions have $736M invested in Marcus & Millichap in 2023 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 49 increasing their positions, 69 reducing their positions, and 21 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.55% more ownership

Funds ownership: 60.29% → 60.84% (+0.55%)

2% less capital invested

Capital invested by funds: $752M → $736M (-$16.1M)

5% less funds holding

Funds holding: 159 → 151 (-8)

29% less first-time investments, than exits

New positions opened: 15 | Existing positions closed: 21

29% less repeat investments, than reductions

Existing positions increased: 49 | Existing positions reduced: 69

78% less call options, than puts

Call options by funds: $88K | Put options by funds: $393K

Holders
151
Holders Change
-8
Holders Change %
-5.03%
% of All Funds
2.37%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
15
Increased
49
Reduced
69
Closed
21
Calls
$88K
Puts
$393K
Net Calls
-$305K
Net Calls Change
-$177K

Top Buyers

1
Schroder Investment Management Group
Schroder Investment Management Group
United Kingdom
+$34.4M
2
Fidelity Investments
Fidelity Investments
Massachusetts
+$10.1M
3
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$4.32M
4
RA
Royce & Associates
New York
+$2.98M
5
Wellington Management Group
Wellington Management Group
Massachusetts
+$2.45M

Top Sellers

1
BlackRock
BlackRock
New York
-$20.6M
2
Federated Hermes
Federated Hermes
Pennsylvania
-$8.79M
3
Vanguard Group
Vanguard Group
Pennsylvania
-$7.15M
4
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$6.92M
5
UBS Group
UBS Group
Switzerland
-$3.9M
Name Holding Trade Value Shares
Change 		Change in
Stake
AIG
76
American International Group
New York
$409K -$23K -743 -5%
AI
77
AdvisorShares Investments
Maryland
$405K +$397K +12,856 New
Natixis Advisors
78
Natixis Advisors
Massachusetts
$402K +$394K +12,742 New
LSERS
79
Louisiana State Employees Retirement System
Louisiana
$400K +$34K +1,100 +9%
AIM
80
Aigen Investment Management
New York
$386K -$128K -4,127 -25%
Janney Montgomery Scott
81
Janney Montgomery Scott
Pennsylvania
$376K +$72.1K +2,334 +24%
RC
82
RBF Capital
California
$373K – – –
Mirae Asset Global Investments
83
Mirae Asset Global Investments
South Korea
$373K – – –
P
84
Pitcairn
Pennsylvania
$372K +$6.77K +219 +2%
PI
85
Putnam Investments
Massachusetts
$359K -$400K -12,947 -53%
Deutsche Bank
86
Deutsche Bank
Germany
$355K -$234K -7,582 -40%
Janus Henderson Group
87
Janus Henderson Group
United Kingdom
$347K -$556 -18 -0.2%
Two Sigma Advisers
88
Two Sigma Advisers
New York
$347K -$136K -4,400 -29%
HW
89
Hancock Whitney
Mississippi
$341K -$6.64K -215 -2%
Russell Investments Group
90
Russell Investments Group
United Kingdom
$334K -$222K -7,185 -40%
Manulife (Manufacturers Life Insurance)
91
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$327K -$6.89K -223 -2%
VOYA Investment Management
92
VOYA Investment Management
Georgia
$325K +$19.3K +625 +6%
AB
93
Amalgamated Bank
New York
$324K -$31.6K -1,022 -9%
BNP Paribas Financial Markets
94
BNP Paribas Financial Markets
France
$312K -$267K -8,644 -47%
US Bancorp
95
US Bancorp
Minnesota
$307K +$17.8K +575 +6%
Jacobs Levy Equity Management
96
Jacobs Levy Equity Management
New Jersey
$306K -$2.51M -81,231 -89%
Millennium Management
97
Millennium Management
New York
$305K +$300K +9,692 New
New York State Common Retirement Fund
98
New York State Common Retirement Fund
New York
$299K -$166K -5,376 -36%
MSRPS
99
Maryland State Retirement & Pension System
Maryland
$298K -$16.8K -543 -5%
State of Tennessee, Department of Treasury
100
State of Tennessee, Department of Treasury
Tennessee
$266K -$451K -14,599 -63%
2 3
4
5 6

MMI Hedge Fund Activity: Q2 2023 in Review

151 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Marcus & Millichap (MMI) for Q2 2023, worth a combined $736M — down 2.1% from $752M a quarter earlier.

Sellers outnumbered buyers: 21 funds closed out of MMI and 15 opened new positions — a net loss of 6 holders — while 69 trimmed existing stakes and 49 added.

The largest buyer was Schroder Investment Management Group, opening a new position worth an estimated $34.4M. The largest seller was BlackRock, cutting an estimated $20.6M.

  • 151 institutional investors held Marcus & Millichap (MMI) as of Q2 2023, down from 159 in Q1 2023.
  • Funds reported $736M of Marcus & Millichap stock for Q2 2023, down 2.1% quarter-over-quarter.
  • 15 funds opened new Marcus & Millichap positions in Q2 2023 and 21 closed out, a net change of -6 holders.
  • The largest Marcus & Millichap buyer in Q2 2023 was Schroder Investment Management Group, an estimated $34.4M added.
  • The largest Marcus & Millichap seller in Q2 2023 was BlackRock, an estimated $20.6M sold.

Based on aggregated 13F filings for Q2 2023.