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Marcus & Millichap
MMI

159 hedge funds and large institutions have $752M invested in Marcus & Millichap in 2023 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 63 increasing their positions, 64 reducing their positions, and 32 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.35% less ownership

Funds ownership: 60.64% → 60.29% (-0.35%)

2% less repeat investments, than reductions

Existing positions increased: 63 | Existing positions reduced: 64

2% less capital invested

Capital invested by funds: $766M → $752M (-$13.9M)

11% less funds holding

Funds holding: 178 → 159 (-19)

53% less first-time investments, than exits

New positions opened: 15 | Existing positions closed: 32

75% less call options, than puts

Call options by funds: $42K | Put options by funds: $170K

Holders
159
Holders Change
-19
Holders Change %
-10.67%
% of All Funds
2.53%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
15
Increased
63
Reduced
64
Closed
32
Calls
$42K
Puts
$170K
Net Calls
-$128K
Net Calls Change
-$56K

Top Buyers

Rank Fund Capital Flow
1
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$7.82M
2
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$4.86M
3
TCM
Tributary Capital Management
Nebraska
+$4.47M
4
RP
Reinhart Partners
Wisconsin
+$3.96M
5
CEI
Clark Estates Inc
New York
+$2.62M

Top Sellers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
-$12.1M
2
Janus Henderson Group
Janus Henderson Group
United Kingdom
-$10.5M
3
RA
Royce & Associates
New York
-$4M
4
Renaissance Technologies
Renaissance Technologies
New York
-$3.72M
5
BGIM
Brandywine Global Investment Management
Pennsylvania
-$3.61M
Name Holding Trade Value Shares
Change 		Change in
Stake
FMII
151
Farmers & Merchants Investments Inc
Nebraska
$610 – – –
BIA
152
Bell Investment Advisors
California
$514 +$555 +16 New
MCM
153
Manchester Capital Management
Vermont
$418 -$660 -19 -59%
PA
154
Parallel Advisors
California
$257 -$15.8K -454 -98%
ECM
155
Everence Capital Management
Indiana
$223 +$241K +6,930 New
SC
156
Schubert & Co
Texas
$65 -$208 -6 -75%
JWA
157
JFS Wealth Advisors
Pennsylvania
$33 -$104 -3 -75%
SIC
158
SJS Investment Consulting
Ohio
$33 -$69 -2 -67%
DI
159
Disciplined Investments
Oklahoma
$32 – – –
BGIM
160
Brandywine Global Investment Management
Pennsylvania
– -$3.61M -104,926 Closed
AG
161
Algert Global
California
– -$2.6M -75,516 Closed
Millennium Management
162
Millennium Management
New York
– -$1.87M -54,195 Closed
CCIA
163
Campbell & Co Investment Adviser
Maryland
– -$921K -26,724 Closed
HF
164
HRT Financial
New York
– -$827K -24,029 Closed
APG Asset Management
165
APG Asset Management
Netherlands
– -$612K -17,751 Closed
E
166
Ergoteles
New York
– -$540K -15,673 Closed
Qube Research & Technologies (QRT)
167
Qube Research & Technologies (QRT)
United Kingdom
– -$518K -15,049 Closed
OSAM
168
O'Shaughnessy Asset Management
Connecticut
– -$514K -14,911 Closed
SGI
169
Summit Global Investments
Utah
– -$413K -12,000 Closed
Allianz Asset Management
170
Allianz Asset Management
Germany
– -$410K -11,910 Closed
EIM
171
Essex Investment Management
Massachusetts
– -$376K -10,918 Closed
NYLIM
172
New York Life Investment Management
New York
– -$371K -10,769 Closed
Franklin Resources
173
Franklin Resources
California
– -$363K -10,524 Closed
GAM
174
Gotham Asset Management
New York
– -$342K -9,913 Closed
RWM
175
Ritholtz Wealth Management
New York
– -$332K -9,649 Closed
4 5 6
7
8

MMI Hedge Fund Activity: Q1 2023 in Review

159 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Marcus & Millichap (MMI) for Q1 2023, worth a combined $752M — down 1.8% from $766M a quarter earlier.

Sellers outnumbered buyers: 32 funds closed out of MMI and 15 opened new positions — a net loss of 17 holders — while 64 trimmed existing stakes and 63 added.

The largest buyer was Envestnet Asset Management, adding an estimated $7.82M. The largest seller was BlackRock, cutting an estimated $12.1M.

  • 159 institutional investors held Marcus & Millichap (MMI) as of Q1 2023, down from 178 in Q4 2022.
  • Funds reported $752M of Marcus & Millichap stock for Q1 2023, down 1.8% quarter-over-quarter.
  • 15 funds opened new Marcus & Millichap positions in Q1 2023 and 32 closed out, a net change of -17 holders.
  • The largest Marcus & Millichap buyer in Q1 2023 was Envestnet Asset Management, an estimated $7.82M added.
  • The largest Marcus & Millichap seller in Q1 2023 was BlackRock, an estimated $12.1M sold.

Based on aggregated 13F filings for Q1 2023.