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Marcus & Millichap
MMI

169 hedge funds and large institutions have $709M invested in Marcus & Millichap in 2025 Q2 according to their latest regulatory filings, with 20 funds opening new positions, 62 increasing their positions, 55 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

13% more repeat investments, than reductions

Existing positions increased: 62 | Existing positions reduced: 55

0.61% more ownership

Funds ownership: 58.62% → 59.23% (+0.61%)

0% more first-time investments, than exits

New positions opened: 20 | Existing positions closed: 20

1% less funds holding

Funds holding: 170 → 169 (-1)

10% less capital invested

Capital invested by funds: $791M → $709M (-$81.6M)

Holders
169
Holders Change
-1
Holders Change %
-0.59%
% of All Funds
2.22%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
20
Increased
62
Reduced
55
Closed
20
Calls
$18K
Puts
–
Net Calls
+$18K
Net Calls Change
+$15K

Top Buyers

Rank Fund Capital Flow
1
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$3.74M
2
BlackRock
BlackRock
New York
+$2.77M
3
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$2.75M
4
RA
Royce & Associates
New York
+$2.61M
5
TCM
Tributary Capital Management
Nebraska
+$1.95M

Top Sellers

Rank Fund Capital Flow
1
Ameriprise
Ameriprise
Minnesota
-$6.61M
2
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
-$3.02M
3
Citadel Advisors
Citadel Advisors
Florida
-$1.81M
4
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
-$1.64M
5
Vanguard Group
Vanguard Group
Pennsylvania
-$1.48M
Name Holding Trade Value Shares
Change 		Change in
Stake
TRSOTSOK
101
Teachers Retirement System of the State of Kentucky
Kentucky
$250K – – –
AGWCA
102
Annis Gardner Whiting Capital Advisors
Florida
$246K -$3.04K -100 -1%
CC
103
Centiva Capital
New York
$245K +$242K +7,973 New
Norges Bank
104
Norges Bank
Norway
$236K -$838K -27,618 -78%
HA
105
Hofer & Associates
California
$236K – – –
ASRS
106
Arizona State Retirement System
Arizona
$228K +$5.98K +197 +3%
IRC
107
Investors Research Corp
Georgia
$223K – – –
VOYA Investment Management
108
VOYA Investment Management
Georgia
$223K +$3.64K +120 +2%
MSRPS
109
Maryland State Retirement & Pension System
Maryland
$216K – – –
State Board of Administration of Florida Retirement System
110
State Board of Administration of Florida Retirement System
Florida
$213K – – –
AB
111
Amalgamated Bank
New York
$210K – – –
New York State Common Retirement Fund
112
New York State Common Retirement Fund
New York
$209K – – –
State of Tennessee, Department of Treasury
113
State of Tennessee, Department of Treasury
Tennessee
$188K – – –
PFSRSONJ
114
Police & Firemen's Retirement System of New Jersey
New Jersey
$172K +$24K +790 +16%
OPERF
115
Oregon Public Employees Retirement Fund
Oregon
$169K – – –
SG Americas Securities
116
SG Americas Securities
New York
$164K -$90.8K -2,993 -36%
TRCT
117
Tower Research Capital (TRC)
New York
$162K +$142K +4,678 +769%
PNC Financial Services Group
118
PNC Financial Services Group
Pennsylvania
$139K -$2.19K -72 -2%
KK
119
KLP Kapitalforvaltning
Norway
$138K – – –
QT
120
Quantbot Technologies
New York
$137K +$135K +4,459 New
SO
121
STRS Ohio
Ohio
$129K – – –
Fidelity Investments
122
Fidelity Investments
Massachusetts
$122K +$11.2K +369 +10%
Osaic Holdings
123
Osaic Holdings
Arizona
$118K -$546 -18 -0.5%
SOW
124
State of Wyoming
Wyoming
$112K -$22.2K -731 -17%
AIP
125
Ameritas Investment Partners
Nebraska
$73.7K – – –
3 4
5
6 7

MMI Hedge Fund Activity: Q2 2025 in Review

169 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Marcus & Millichap (MMI) for Q2 2025, worth a combined $709M — down 10% from $791M a quarter earlier.

Fund positioning in MMI was balanced in Q2 2025: 20 funds opened new positions, 20 closed out, 62 added to existing stakes and 55 trimmed.

The largest buyer was Royal Bank of Canada, adding an estimated $3.74M. The largest seller was Ameriprise, cutting an estimated $6.61M.

  • 169 institutional investors held Marcus & Millichap (MMI) as of Q2 2025, down from 170 in Q1 2025.
  • Funds reported $709M of Marcus & Millichap stock for Q2 2025, down 10% quarter-over-quarter.
  • 20 funds opened new Marcus & Millichap positions in Q2 2025 and 20 closed out, a net change of 0 holders.
  • The largest Marcus & Millichap buyer in Q2 2025 was Royal Bank of Canada, an estimated $3.74M added.
  • The largest Marcus & Millichap seller in Q2 2025 was Ameriprise, an estimated $6.61M sold.

Based on aggregated 13F filings for Q2 2025.