Marcus & Millichap
112 hedge funds and large institutions have $433M invested in Marcus & Millichap in 2015 Q1 according to their latest regulatory filings, with 36 funds opening new positions, 46 increasing their positions, 25 reducing their positions, and 7 closing their positions.
414% more first-time investments, than exits
New positions opened: 36 | Existing positions closed: 7
84% more repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 25
72% more capital invested
Capital invested by funds: $252M → $433M (+$181M)
32% more funds holding
Funds holding: 85 → 112 (+27)
10.4% more ownership
Funds ownership: 20.7% → 31.09% (+10%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CGM
Capital Growth Management
Boston,
Massachusetts
|
+$21.7M |
| 2 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
+$14.9M |
| 3 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
+$14M |
| 4 |
ACPU
Arrowgrass Capital Partners (US)
Dover,
Delaware
|
+$7.84M |
| 5 |
O
OppenheimerFunds
New York
|
+$7.74M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$5.77M |
| 2 |
RA
Royce & Associates
New York
|
-$1.72M |
| 3 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$1.72M |
| 4 |
CIP
Convergence Investment Partners
Palm Beach Gardens,
Florida
|
-$1.67M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$934K |
MMI Hedge Fund Activity: Q1 2015 in Review
112 of the 3,770 institutional investors tracked by Wall St. Rank reported a position in Marcus & Millichap (MMI) for Q1 2015, worth a combined $433M — up 72% from $252M a quarter earlier.
Buyers outnumbered sellers: 36 funds opened new MMI positions and 7 closed out — a net gain of 29 holders — while 46 added to existing stakes and 25 trimmed.
The largest buyer was Capital Growth Management, opening a new position worth an estimated $21.7M. The largest seller was Wellington Management Group, cutting an estimated $5.77M.
- 112 institutional investors held Marcus & Millichap (MMI) as of Q1 2015, up from 85 in Q4 2014.
- Funds reported $433M of Marcus & Millichap stock for Q1 2015, up 72% quarter-over-quarter.
- 36 funds opened new Marcus & Millichap positions in Q1 2015 and 7 closed out, a net change of +29 holders.
- The largest Marcus & Millichap buyer in Q1 2015 was Capital Growth Management, an estimated $21.7M added.
- The largest Marcus & Millichap seller in Q1 2015 was Wellington Management Group, an estimated $5.77M sold.
Based on aggregated 13F filings for Q1 2015.