Marcus & Millichap
158 hedge funds and large institutions have $822M invested in Marcus & Millichap in 2019 Q3 according to their latest regulatory filings, with 23 funds opening new positions, 56 increasing their positions, 63 reducing their positions, and 22 closing their positions.
107% more call options, than puts
Call options by funds: $390K | Put options by funds: $188K
14% more capital invested
Capital invested by funds: $720M → $822M (+$103M)
5% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 22
0% more funds holding
Funds holding: 158 → 158 (0)
0.5% less ownership
Funds ownership: 59.83% → 59.33% (-0.5%)
11% less repeat investments, than reductions
Existing positions increased: 56 | Existing positions reduced: 63
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VVP
Vulcan Value Partners
Birmingham,
Alabama
|
+$24.6M |
| 2 |
Janus Henderson Group
London,
United Kingdom
|
+$24M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$3.1M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$2.5M |
| 5 |
PAM
Panagora Asset Management
Boston,
Massachusetts
|
+$2.12M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DZ Bank
Frankfurt Am Main,
Germany
|
-$19.7M |
| 2 |
Aberdeen Group
Edinburgh,
United Kingdom
|
-$8.44M |
| 3 |
BlackRock
New York
|
-$6.07M |
| 4 |
RIM
Rush Island Management
New York
|
-$3.74M |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
-$3.6M |
MMI Hedge Fund Activity: Q3 2019 in Review
158 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Marcus & Millichap (MMI) for Q3 2019, worth a combined $822M — up 14% from $720M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new MMI positions and 22 closed out — a net gain of 1 holder — while 56 added to existing stakes and 63 trimmed.
The largest buyer was Vulcan Value Partners, opening a new position worth an estimated $24.6M. The largest seller was DZ Bank, exiting entirely with an estimated $19.7M sold.
- 158 institutional investors held Marcus & Millichap (MMI) as of Q3 2019, unchanged from Q2 2019.
- Funds reported $822M of Marcus & Millichap stock for Q3 2019, up 14% quarter-over-quarter.
- 23 funds opened new Marcus & Millichap positions in Q3 2019 and 22 closed out, a net change of +1 holder.
- The largest Marcus & Millichap buyer in Q3 2019 was Vulcan Value Partners, an estimated $24.6M added.
- The largest Marcus & Millichap seller in Q3 2019 was DZ Bank, an estimated $19.7M sold.
Based on aggregated 13F filings for Q3 2019.