Marcus & Millichap
125 hedge funds and large institutions have $640M invested in Marcus & Millichap in 2020 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 37 increasing their positions, 55 reducing their positions, and 10 closing their positions.
0.62% more ownership
Funds ownership: 58.48% → 59.1% (+0.62%)
1% less funds holding
Funds holding: 126 → 125 (-1)
3% less capital invested
Capital invested by funds: $659M → $640M (-$19.7M)
10% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 10
33% less repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 55
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $220K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$26.9M |
| 2 |
HPCM
Hunter Perkins Capital Management
Lombard,
Illinois
|
+$8.63M |
| 3 |
Janus Henderson Group
London,
United Kingdom
|
+$6.66M |
| 4 |
Barclays
London,
United Kingdom
|
+$2.73M |
| 5 |
Goldman Sachs
New York
|
+$2.48M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VVP
Vulcan Value Partners
Birmingham,
Alabama
|
-$24.8M |
| 2 |
WG
Winton Group
London,
United Kingdom
|
-$3.33M |
| 3 |
VNIM
Vaughan Nelson Investment Management
Houston,
Texas
|
-$3.18M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
-$2.02M |
| 5 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
-$1.59M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AL
126
AJO LP
Philadelphia,
Pennsylvania
| – | -$839K | -29,109 | Closed |
|
127
American Century Companies
Kansas City,
Missouri
| – | -$471K | -16,321 | Closed |
|
|
BPM
128
Bowling Portfolio Management
Cincinnati,
Ohio
| – | -$453K | -15,692 | Closed |
|
129
SG Americas Securities
New York
| – | -$382K | -13,236 | Closed |
|
130
Man Group
London,
United Kingdom
| – | -$361K | -12,493 | Closed |
|
131
Balyasny Asset Management
Chicago,
Illinois
| – | -$314K | -10,866 | Closed |
|
|
SRAM
132
Stone Ridge Asset Management
New York
| – | -$229K | -7,945 | Closed |
|
133
Acadian Asset Management
Boston,
Massachusetts
| – | -$193K | -6,682 | Closed |
|
|
LIA
134
LS Investment Advisors
Bloomfield Hills,
Michigan
| – | -$18K | -615 | Closed |
|
|
ACM
135
AUA Capital Management
Camp Hill,
Pennsylvania
| – | +$333 | +12 | New |
|
MMI Hedge Fund Activity: Q3 2020 in Review
125 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Marcus & Millichap (MMI) for Q3 2020, worth a combined $640M — down 3% from $659M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of MMI and 9 opened new positions — a net loss of 1 holder — while 55 trimmed existing stakes and 37 added.
The largest buyer was BlackRock, adding an estimated $26.9M. The largest seller was Vulcan Value Partners, cutting an estimated $24.8M.
- 125 institutional investors held Marcus & Millichap (MMI) as of Q3 2020, down from 126 in Q2 2020.
- Funds reported $640M of Marcus & Millichap stock for Q3 2020, down 3% quarter-over-quarter.
- 9 funds opened new Marcus & Millichap positions in Q3 2020 and 10 closed out, a net change of -1 holder.
- The largest Marcus & Millichap buyer in Q3 2020 was BlackRock, an estimated $26.9M added.
- The largest Marcus & Millichap seller in Q3 2020 was Vulcan Value Partners, an estimated $24.8M sold.
Based on aggregated 13F filings for Q3 2020.