Marcus & Millichap
85 hedge funds and large institutions have $252M invested in Marcus & Millichap in 2014 Q4 according to their latest regulatory filings, with 22 funds opening new positions, 33 increasing their positions, 25 reducing their positions, and 9 closing their positions.
144% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 9
32% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 25
28% more capital invested
Capital invested by funds: $197M → $252M (+$54.7M)
13% more funds holding
Funds holding: 75 → 85 (+10)
2.89% more ownership
Funds ownership: 17.8% → 20.7% (+2.9%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TA
Teachers Advisors
New York
|
+$13.1M |
| 2 |
BA
BlackRock Advisors
Wilmington,
Delaware
|
+$5.47M |
| 3 |
EMFAT
Emerald Mutual Fund Advisers Trust
Leola,
Pennsylvania
|
+$5.06M |
| 4 |
EA
Emerald Advisers
Leola,
Pennsylvania
|
+$5.03M |
| 5 |
William Blair & Company
Chicago,
Illinois
|
+$4.43M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$12.9M |
| 2 |
WSA
Wall Street Associates
Lajolla,
California
|
-$4.72M |
| 3 |
RA
Royce & Associates
New York
|
-$3.46M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
-$3.15M |
| 5 |
ACA
Anchor Capital Advisors
Boston,
Massachusetts
|
-$1.78M |
MMI Hedge Fund Activity: Q4 2014 in Review
85 of the 3,765 institutional investors tracked by Wall St. Rank reported a position in Marcus & Millichap (MMI) for Q4 2014, worth a combined $252M — up 28% from $197M a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new MMI positions and 9 closed out — a net gain of 13 holders — while 33 added to existing stakes and 25 trimmed.
The largest buyer was Teachers Advisors, adding an estimated $13.1M. The largest seller was Wellington Management Group, cutting an estimated $12.9M.
- 85 institutional investors held Marcus & Millichap (MMI) as of Q4 2014, up from 75 in Q3 2014.
- Funds reported $252M of Marcus & Millichap stock for Q4 2014, up 28% quarter-over-quarter.
- 22 funds opened new Marcus & Millichap positions in Q4 2014 and 9 closed out, a net change of +13 holders.
- The largest Marcus & Millichap buyer in Q4 2014 was Teachers Advisors, an estimated $13.1M added.
- The largest Marcus & Millichap seller in Q4 2014 was Wellington Management Group, an estimated $12.9M sold.
Based on aggregated 13F filings for Q4 2014.