Marcus & Millichap
170 hedge funds and large institutions have $791M invested in Marcus & Millichap in 2025 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 57 increasing their positions, 65 reducing their positions, and 11 closing their positions.
55% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 11
3% more funds holding
Funds holding: 165 → 170 (+5)
0.2% less ownership
Funds ownership: 58.82% → 58.62% (-0.2%)
9% less capital invested
Capital invested by funds: $873M → $791M (-$82.7M)
12% less repeat investments, than reductions
Existing positions increased: 57 | Existing positions reduced: 65
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RP
Reinhart Partners
Mequon,
Wisconsin
|
+$9.33M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$8.85M |
| 3 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
+$6.46M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$3.14M |
| 5 |
Renaissance Technologies
New York
|
+$2.07M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RA
Royce & Associates
New York
|
-$16.2M |
| 2 |
Dimensional Fund Advisors
Austin,
Texas
|
-$3.32M |
| 3 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$2.79M |
| 4 |
Goldman Sachs
New York
|
-$1.82M |
| 5 |
State Street
Boston,
Massachusetts
|
-$1.79M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SC
176
Savant Capital
Rockford,
Illinois
| – | -$232K | -6,063 | Closed |
|
|
RS
177
R Squared
Central,
Hong Kong
| – | -$65.8K | -1,720 | Closed |
|
178
Simplex Trading
Chicago,
Illinois
| – | -$23K | -622 | Closed |
|
|
CFGS
179
Concourse Financial Group Securities
Birmingham,
Alabama
| – | -$1.69K | -46 | Closed |
|
180
Jones Financial Companies
Des Peres,
Missouri
| – | -$536 | -14 | Closed |
|
MMI Hedge Fund Activity: Q1 2025 in Review
170 of the 7,462 institutional investors tracked by Wall St. Rank reported a position in Marcus & Millichap (MMI) for Q1 2025, worth a combined $791M — down 9.5% from $873M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new MMI positions and 11 closed out — a net gain of 6 holders — while 57 added to existing stakes and 65 trimmed.
The largest buyer was Reinhart Partners, adding an estimated $9.33M. The largest seller was Royce & Associates, cutting an estimated $16.2M.
- 170 institutional investors held Marcus & Millichap (MMI) as of Q1 2025, up from 165 in Q4 2024.
- Funds reported $791M of Marcus & Millichap stock for Q1 2025, down 9.5% quarter-over-quarter.
- 17 funds opened new Marcus & Millichap positions in Q1 2025 and 11 closed out, a net change of +6 holders.
- The largest Marcus & Millichap buyer in Q1 2025 was Reinhart Partners, an estimated $9.33M added.
- The largest Marcus & Millichap seller in Q1 2025 was Royce & Associates, an estimated $16.2M sold.
Based on aggregated 13F filings for Q1 2025.