Marcus & Millichap
100 hedge funds and large institutions have $426M invested in Marcus & Millichap in 2017 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 41 increasing their positions, 31 reducing their positions, and 23 closing their positions.
32% more repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 31
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0.05% less ownership
Funds ownership: 42.47% → 42.42% (-0.05%)
1% less capital invested
Capital invested by funds: $429M → $426M (-$3.56M)
8% less funds holding
Funds holding: 109 → 100 (-9)
39% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 23
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCM
Tributary Capital Management
Omaha,
Nebraska
|
+$12.8M |
| 2 |
FTCM
First Trust Capital Management
Chicago,
Illinois
|
+$8.87M |
| 3 |
RA
Royce & Associates
New York
|
+$7.87M |
| 4 |
TCGI
Three Corner Global Investors
New York
|
+$4.94M |
| 5 |
NMVA
New Mountain Vantage Advisers
New York
|
+$3.73M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Credit Agricole
Montrouge Cedex,
France
|
-$44.8M |
| 2 |
BlackRock
New York
|
-$9.08M |
| 3 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$8.22M |
| 4 |
OAM
Oxford Asset Management
Oxford,
United Kingdom
|
-$2.43M |
| 5 |
Millennium Management
New York
|
-$1.95M |
MMI Hedge Fund Activity: Q2 2017 in Review
100 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in Marcus & Millichap (MMI) for Q2 2017, worth a combined $426M — down 0.83% from $429M a quarter earlier.
Sellers outnumbered buyers: 23 funds closed out of MMI and 14 opened new positions — a net loss of 9 holders — while 31 trimmed existing stakes and 41 added.
The largest buyer was Tributary Capital Management, opening a new position worth an estimated $12.8M. The largest seller was Credit Agricole, exiting entirely with an estimated $44.8M sold.
- 100 institutional investors held Marcus & Millichap (MMI) as of Q2 2017, down from 109 in Q1 2017.
- Funds reported $426M of Marcus & Millichap stock for Q2 2017, down 0.83% quarter-over-quarter.
- 14 funds opened new Marcus & Millichap positions in Q2 2017 and 23 closed out, a net change of -9 holders.
- The largest Marcus & Millichap buyer in Q2 2017 was Tributary Capital Management, an estimated $12.8M added.
- The largest Marcus & Millichap seller in Q2 2017 was Credit Agricole, an estimated $44.8M sold.
Based on aggregated 13F filings for Q2 2017.