Marcus & Millichap
75 hedge funds and large institutions have $197M invested in Marcus & Millichap in 2014 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 26 increasing their positions, 26 reducing their positions, and 6 closing their positions.
150% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 6
19% more capital invested
Capital invested by funds: $165M → $197M (+$32.1M)
14% more funds holding
Funds holding: 66 → 75 (+9)
0.11% more ownership
Funds ownership: 17.69% → 17.8% (+0.11%)
0% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 26
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PC
Pier Capital
Stamford,
Connecticut
|
+$6.3M |
| 2 |
William Blair & Company
Chicago,
Illinois
|
+$3.77M |
| 3 |
MCM
McKinley Capital Management
Anchorage,
Alaska
|
+$3.76M |
| 4 |
3NC
300 North Capital
Pasadena,
California
|
+$3.69M |
| 5 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$2.48M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
-$5.76M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$5.69M |
| 3 |
JP Morgan Chase
New York
|
-$2.7M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
-$2.38M |
| 5 |
BA
BlackRock Advisors
Wilmington,
Delaware
|
-$1.92M |
MMI Hedge Fund Activity: Q3 2014 in Review
75 of the 3,455 institutional investors tracked by Wall St. Rank reported a position in Marcus & Millichap (MMI) for Q3 2014, worth a combined $197M — up 19% from $165M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new MMI positions and 6 closed out — a net gain of 9 holders — while 26 added to existing stakes and 26 trimmed.
The largest buyer was Pier Capital, opening a new position worth an estimated $6.3M. The largest seller was Federated Hermes, exiting entirely with an estimated $5.76M sold.
- 75 institutional investors held Marcus & Millichap (MMI) as of Q3 2014, up from 66 in Q2 2014.
- Funds reported $197M of Marcus & Millichap stock for Q3 2014, up 19% quarter-over-quarter.
- 15 funds opened new Marcus & Millichap positions in Q3 2014 and 6 closed out, a net change of +9 holders.
- The largest Marcus & Millichap buyer in Q3 2014 was Pier Capital, an estimated $6.3M added.
- The largest Marcus & Millichap seller in Q3 2014 was Federated Hermes, an estimated $5.76M sold.
Based on aggregated 13F filings for Q3 2014.