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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
AF
151
Advisornet Financial
Minnesota
$32 +$31 +1 New
PAM
152
Panagora Asset Management
Massachusetts
– -$2.66M -82,751 Closed
Tudor Investment Corp
153
Tudor Investment Corp
Connecticut
– -$1.36M -42,479 Closed
MAM
154
Martingale Asset Management
Massachusetts
– -$942K -29,338 Closed
OQS
155
Occudo Quantitative Strategies
Florida
– -$925K -28,798 Closed
Teacher Retirement System of Texas
156
Teacher Retirement System of Texas
Texas
– -$812K -25,302 Closed
Aviva
157
Aviva
United Kingdom
– -$471K -14,654 Closed
Two Sigma Investments
158
Two Sigma Investments
New York
– -$460K -14,340 Closed
ETC
159
Exchange Traded Concepts
Oklahoma
– -$380K -11,843 Closed
WG
160
Winton Group
United Kingdom
– -$338K -10,521 Closed
SSA
161
Schonfeld Strategic Advisors
New York
– -$228K -7,100 Closed
Robeco Institutional Asset Management
162
Robeco Institutional Asset Management
Netherlands
– -$185K -5,774 Closed
SOW
163
State of Wyoming
Wyoming
– -$164K -5,097 Closed
Allspring Global Investments
164
Allspring Global Investments
North Carolina
– -$31.1K -968 Closed
Lazard Asset Management
165
Lazard Asset Management
New York
– -$29K -925 Closed
BAM
166
Belpointe Asset Management
Nevada
– -$14.1K -440 Closed
TWA
167
TCI Wealth Advisors
Arizona
– -$2.6K -81 Closed
EI
168
Ellevest Inc
New York
– -$1.28K -40 Closed
DA
169
Denali Advisors
California
– -$995 -31 Closed
MCM
170
Manchester Capital Management
Vermont
– -$418 -13 Closed
PA
171
Parallel Advisors
California
– -$257 -8 Closed
SC
172
Schubert & Co
Texas
– -$65 -2 Closed
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.