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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
TRSOTSOK
101
Teachers Retirement System of the State of Kentucky
Kentucky
$257K +$13.6K +441 +6%
LPL Financial
102
LPL Financial
California
$255K +$11.2K +361 +5%
Man Group
103
Man Group
United Kingdom
$255K +$250K +8,100 New
GC
104
Guggenheim Capital
Illinois
$243K -$123K -3,985 -34%
OPERF
105
Oregon Public Employees Retirement Fund
Oregon
$239K -$12.4K -400 -5%
IRC
106
Investors Research Corp
Georgia
$239K – – –
HA
107
Hofer & Associates
California
$235K +$25.6K +829 +13%
ASRS
108
Arizona State Retirement System
Arizona
$225K -$8.19K -265 -4%
ECM
109
Everence Capital Management
Indiana
$203K – – –
William Blair & Company
110
William Blair & Company
Illinois
$201K -$18.9K -610 -9%
Zurich Cantonal Bank
111
Zurich Cantonal Bank
Switzerland
$169K +$36.4K +1,178 +28%
SO
112
STRS Ohio
Ohio
$167K – – –
SG Americas Securities
113
SG Americas Securities
New York
$164K -$382K -12,371 -70%
SAM
114
Shell Asset Management
Netherlands
$150K -$32.4K -1,049 -18%
Osaic Holdings
115
Osaic Holdings
Arizona
$148K -$3.21K -104 -2%
HCA
116
Harbor Capital Advisors
Illinois
$102K +$100K +3,250 New
Royal Bank of Canada
117
Royal Bank of Canada
Ontario, Canada
$89K +$29.2K +946 +50%
TRCT
118
Tower Research Capital (TRC)
New York
$87.7K +$70.3K +2,274 +447%
AIP
119
Ameritas Investment Partners
Nebraska
$61.8K – – –
KBC Group
120
KBC Group
Belgium
$60K -$7.67K -248 -12%
FHA
121
First Horizon Advisors
Tennessee
$44.8K +$3.65K +118 +9%
MLICM
122
Metropolitan Life Insurance Company (MetLife)
New York
$42.9K – – –
UB
123
UMB Bank
Missouri
$39.1K +$2.19K +71 +6%
Nisa Investment Advisors
124
Nisa Investment Advisors
Missouri
$31.8K -$278 -9 -0.9%
QCG
125
Quadrant Capital Group
Ohio
$18K -$13.2K -427 -43%
3 4
5
6 7

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.