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Marcus & Millichap
MMI

151 hedge funds and large institutions have $1.06B invested in Marcus & Millichap in 2023 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 47 increasing their positions, 62 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

727% more call options, than puts

Call options by funds: $397K | Put options by funds: $48K

53% more capital invested

Capital invested by funds: $694M → $1.06B (+$367M)

31% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 16

3% more funds holding

Funds holding: 147 → 151 (+4)

1.78% more ownership

Funds ownership: 61.49% → 63.27% (+1.8%)

24% less repeat investments, than reductions

Existing positions increased: 47 | Existing positions reduced: 62

Holders
151
Holders Change
+4
Holders Change %
+2.72%
% of All Funds
2.2%
Holding in Top 10
2
Holding in Top 10 Change
+2
Holding in Top 10 Change %
% of All Funds
0.03%
New
21
Increased
47
Reduced
62
Closed
16
Calls
$397K
Puts
$48K
Net Calls
+$349K
Net Calls Change
+$241K

Top Buyers

1
Pzena Investment Management
Pzena Investment Management
New York
+$8.38M
2
Jennison Associates
Jennison Associates
New York
+$8.08M
3
Morgan Stanley
Morgan Stanley
New York
+$6.13M
4
RP
Reinhart Partners
Wisconsin
+$4.43M
5
BlackRock
BlackRock
New York
+$4.11M

Top Sellers

1
RA
Royce & Associates
New York
-$7.41M
2
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
-$2.17M
3
Goldman Sachs
Goldman Sachs
New York
-$2.07M
4
Bank of New York Mellon
Bank of New York Mellon
New York
-$1.73M
5
Assenagon Asset Management
Assenagon Asset Management
Luxembourg
-$1.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
OPERF
101
Oregon Public Employees Retirement Fund
Oregon
$305K -$3.32K -100 -1%
ASRS
102
Arizona State Retirement System
Arizona
$305K -$4.42K -133 -2%
ECM
103
Everence Capital Management
Indiana
$303K – – –
AQR Capital Management
104
AQR Capital Management
Connecticut
$302K +$230K +6,925 New
FCH
105
Freestone Capital Holdings
Washington
$302K – – –
HWMA
106
Heritage Wealth Management (Arizona)
Arizona
$297K +$225K +6,789 New
Two Sigma Advisers
107
Two Sigma Advisers
New York
$284K -$159K -4,800 -42%
Envestnet Portfolio Solutions
108
Envestnet Portfolio Solutions
Illinois
$283K +$215K +6,477 New
T. Rowe Price Associates
109
T. Rowe Price Associates
Maryland
$264K +$200K +6,028 New
VF
110
Vest Financial
Virginia
$255K +$194K +5,839 New
OAM
111
Oppenheimer Asset Management
New York
$250K +$190K +5,722 New
William Blair & Company
112
William Blair & Company
Illinois
$247K +$187K +5,644 New
KeyBank National Association
113
KeyBank National Association
Ohio
$238K +$181K +5,447 New
COPPSERS
114
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$224K -$359K -10,806 -68%
SC
115
Savant Capital
Illinois
$219K +$166K +5,012 New
SI
116
Scharf Investments
California
$217K +$165K +4,972 New
Osaic Holdings
117
Osaic Holdings
Arizona
$210K -$52.4K -1,579 -25%
SO
118
STRS Ohio
Ohio
$209K -$16.6K -500 -9%
Jane Street
119
Jane Street
New York
$205K -$166K -4,992 -52%
AIP
120
Ameritas Investment Partners
Nebraska
$105K – – –
WTG
121
West Tower Group
Virginia
$73K +$55.5K +1,671 New
FHA
122
First Horizon Advisors
Tennessee
$62.2K – – –
MLICM
123
Metropolitan Life Insurance Company (MetLife)
New York
$59.5K – – –
KBC Group
124
KBC Group
Belgium
$50K – – –
Federated Hermes
125
Federated Hermes
Pennsylvania
$44.3K -$67.1K -2,022 -67%
3 4
5
6 7

MMI Hedge Fund Activity: Q4 2023 in Review

151 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Marcus & Millichap (MMI) for Q4 2023, worth a combined $1.06B — up 53% from $694M a quarter earlier.

Buyers outnumbered sellers: 21 funds opened new MMI positions and 16 closed out — a net gain of 5 holders — while 47 added to existing stakes and 62 trimmed.

The largest buyer was Pzena Investment Management, adding an estimated $8.38M. The largest seller was Royce & Associates, cutting an estimated $7.41M.

  • 151 institutional investors held Marcus & Millichap (MMI) as of Q4 2023, up from 147 in Q3 2023.
  • Funds reported $1.06B of Marcus & Millichap stock for Q4 2023, up 53% quarter-over-quarter.
  • 21 funds opened new Marcus & Millichap positions in Q4 2023 and 16 closed out, a net change of +5 holders.
  • The largest Marcus & Millichap buyer in Q4 2023 was Pzena Investment Management, an estimated $8.38M added.
  • The largest Marcus & Millichap seller in Q4 2023 was Royce & Associates, an estimated $7.41M sold.

Based on aggregated 13F filings for Q4 2023.