Marcus & Millichap
134 hedge funds and large institutions have $588M invested in Marcus & Millichap in 2015 Q2 according to their latest regulatory filings, with 33 funds opening new positions, 55 increasing their positions, 40 reducing their positions, and 11 closing their positions.
200% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 11
38% more repeat investments, than reductions
Existing positions increased: 55 | Existing positions reduced: 40
36% more capital invested
Capital invested by funds: $433M → $588M (+$156M)
20% more funds holding
Funds holding: 112 → 134 (+22)
3.3% more ownership
Funds ownership: 31.09% → 34.39% (+3.3%)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CRCP
Copper Rock Capital Partners
Boston,
Massachusetts
|
+$21.1M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$19.6M |
| 3 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
+$13.1M |
| 4 |
O
OppenheimerFunds
New York
|
+$7.68M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$5.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
-$14.7M |
| 2 |
ACPU
Arrowgrass Capital Partners (US)
Dover,
Delaware
|
-$8.15M |
| 3 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$6.52M |
| 4 |
PC
Pier Capital
Stamford,
Connecticut
|
-$6.11M |
| 5 |
3NC
300 North Capital
Pasadena,
California
|
-$5.67M |
MMI Hedge Fund Activity: Q2 2015 in Review
134 of the 3,730 institutional investors tracked by Wall St. Rank reported a position in Marcus & Millichap (MMI) for Q2 2015, worth a combined $588M — up 36% from $433M a quarter earlier.
Buyers outnumbered sellers: 33 funds opened new MMI positions and 11 closed out — a net gain of 22 holders — while 55 added to existing stakes and 40 trimmed.
The largest buyer was Copper Rock Capital Partners, opening a new position worth an estimated $21.1M. The largest seller was AJO LP, cutting an estimated $14.7M.
- 134 institutional investors held Marcus & Millichap (MMI) as of Q2 2015, up from 112 in Q1 2015.
- Funds reported $588M of Marcus & Millichap stock for Q2 2015, up 36% quarter-over-quarter.
- 33 funds opened new Marcus & Millichap positions in Q2 2015 and 11 closed out, a net change of +22 holders.
- The largest Marcus & Millichap buyer in Q2 2015 was Copper Rock Capital Partners, an estimated $21.1M added.
- The largest Marcus & Millichap seller in Q2 2015 was AJO LP, an estimated $14.7M sold.
Based on aggregated 13F filings for Q2 2015.