Marcus & Millichap
112 hedge funds and large institutions have $324M invested in Marcus & Millichap in 2016 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 37 increasing their positions, 42 reducing their positions, and 32 closing their positions.
1.21% less ownership
Funds ownership: 35.56% → 34.36% (-1.2%)
12% less repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 42
13% less funds holding
Funds holding: 128 → 112 (-16)
16% less capital invested
Capital invested by funds: $384M → $324M (-$60M)
50% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 32
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $106K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ROIC
Route One Investment Company
San Francisco,
California
|
+$23.3M |
| 2 |
RA
Royce & Associates
New York
|
+$20.9M |
| 3 |
BA
BlackRock Advisors
Wilmington,
Delaware
|
+$4.4M |
| 4 |
Renaissance Technologies
New York
|
+$4.28M |
| 5 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$2.45M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CRCP
Copper Rock Capital Partners
Boston,
Massachusetts
|
-$14.3M |
| 2 |
O
OppenheimerFunds
New York
|
-$13M |
| 3 |
TA
Teachers Advisors
New York
|
-$9.72M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$9.51M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
-$4.37M |
MMI Hedge Fund Activity: Q1 2016 in Review
112 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Marcus & Millichap (MMI) for Q1 2016, worth a combined $324M — down 16% from $384M a quarter earlier.
Sellers outnumbered buyers: 32 funds closed out of MMI and 16 opened new positions — a net loss of 16 holders — while 42 trimmed existing stakes and 37 added.
The largest buyer was Route One Investment Company, opening a new position worth an estimated $23.3M. The largest seller was Copper Rock Capital Partners, exiting entirely with an estimated $14.3M sold.
- 112 institutional investors held Marcus & Millichap (MMI) as of Q1 2016, down from 128 in Q4 2015.
- Funds reported $324M of Marcus & Millichap stock for Q1 2016, down 16% quarter-over-quarter.
- 16 funds opened new Marcus & Millichap positions in Q1 2016 and 32 closed out, a net change of -16 holders.
- The largest Marcus & Millichap buyer in Q1 2016 was Route One Investment Company, an estimated $23.3M added.
- The largest Marcus & Millichap seller in Q1 2016 was Copper Rock Capital Partners, an estimated $14.3M sold.
Based on aggregated 13F filings for Q1 2016.