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Marcus & Millichap

177 hedge funds and large institutions have $780M invested in Marcus & Millichap in 2018 Q4 according to their latest regulatory filings, with 39 funds opening new positions, 66 increasing their positions, 53 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

522% more call options, than puts

Call options by funds: $1.73M | Put options by funds: $278K

100% more funds holding in top 10

Funds holding in top 10: 12 (+1)

56% more first-time investments, than exits

New positions opened: 39 | Existing positions closed: 25

25% more repeat investments, than reductions

Existing positions increased: 66 | Existing positions reduced: 53

9% more capital invested

Capital invested by funds: $716M → $780M (+$64.4M)

9% more funds holding

Funds holding: 163177 (+14)

5.58% more ownership

Funds ownership: 53.4%58.99% (+5.6%)

Holders
177
Holders Change
+14
Holders Change %
+8.59%
% of All Funds
3.94%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.04%
New
39
Increased
66
Reduced
53
Closed
25
Calls
$1.73M
Puts
$278K
Net Calls
+$1.45M
Net Calls Change
-$223K
Name Holding Trade Value Shares
Change
Change in
Stake
New York State Teachers Retirement System (NYSTRS)
101
New York State Teachers Retirement System (NYSTRS)
New York
$555K +$495K +14,456 +850%
AIG
102
American International Group
New York
$525K +$82.4K +2,405 +19%
Thrivent Financial for Lutherans
103
Thrivent Financial for Lutherans
Minnesota
$518K +$517K +15,099 New
MM
104
Midas Management
New York
$515K
CS
105
Credit Suisse
Switzerland
$499K -$83.1K -2,427 -14%
OAM
106
Oxford Asset Management
United Kingdom
$480K -$931K -27,183 -66%
TPSF
107
Texas Permanent School Fund
Texas
$478K +$476K +13,911 New
State of Tennessee, Department of Treasury
108
State of Tennessee, Department of Treasury
Tennessee
$462K +$461K +13,473 New
ECM
109
ETrade Capital Management
Virginia
$448K +$52.7K +1,539 +13%
CI
110
Cigna Investments
Connecticut
$434K -$408K -11,912 -49%
Acadian Asset Management
111
Acadian Asset Management
Massachusetts
$418K -$1.22M -35,586 -75%
UBS AM
112
UBS AM
Illinois
$374K
Nisa Investment Advisors
113
Nisa Investment Advisors
Missouri
$374K
Wellington Management Group
114
Wellington Management Group
Massachusetts
$370K -$2.75M -80,228 -88%
SGAM
115
Smith Group Asset Management
Texas
$365K -$468K -13,650 -56%
US Bancorp
116
US Bancorp
Minnesota
$349K -$9.76K -285 -3%
USAA
117
United Services Automobile Association
Texas
$343K +$85.4K +2,494 +33%
SEI Investments
118
SEI Investments
Pennsylvania
$337K +$81K +2,366 +32%
EGM
119
Engineers Gate Manager
New York
$331K -$464K -13,557 -58%
HK
120
Horizon Kinetics
New York
$330K -$65.8K -1,920 -17%
MIM
121
MetLife Investment Management
New Jersey
$317K
BCM
122
BlueCrest Capital Management
Jersey
$297K +$296K +8,646 New
FDCDDQ
123
Federation des caisses Desjardins du Quebec
Quebec, Canada
$286K
P
124
Pitcairn
Pennsylvania
$284K +$9.76K +285 +4%
OPERF
125
Oregon Public Employees Retirement Fund
Oregon
$278K +$277K +8,085 New

MMI Hedge Fund Activity: Q4 2018 in Review

177 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Marcus & Millichap (MMI) for Q4 2018, worth a combined $780M — up 9% from $716M a quarter earlier.

Buyers outnumbered sellers: 39 funds opened new MMI positions and 25 closed out — a net gain of 14 holders — while 66 added to existing stakes and 53 trimmed.

The largest buyer was BlackRock, adding an estimated $57.7M. The largest seller was Aberdeen Group, cutting an estimated $7.13M.

  • 177 institutional investors held Marcus & Millichap (MMI) as of Q4 2018, up from 163 in Q3 2018.
  • Funds reported $780M of Marcus & Millichap stock for Q4 2018, up 9% quarter-over-quarter.
  • 39 funds opened new Marcus & Millichap positions in Q4 2018 and 25 closed out, a net change of +14 holders.
  • The largest Marcus & Millichap buyer in Q4 2018 was BlackRock, an estimated $57.7M added.
  • The largest Marcus & Millichap seller in Q4 2018 was Aberdeen Group, an estimated $7.13M sold.

Based on aggregated 13F filings for Q4 2018.