Marcus & Millichap
112 hedge funds and large institutions have $432M invested in Marcus & Millichap in 2017 Q3 according to their latest regulatory filings, with 22 funds opening new positions, 45 increasing their positions, 29 reducing their positions, and 8 closing their positions.
175% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 8
55% more repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 29
42% more call options, than puts
Call options by funds: $414K | Put options by funds: $292K
12% more funds holding
Funds holding: 100 → 112 (+12)
2% more capital invested
Capital invested by funds: $426M → $432M (+$6.51M)
0.4% less ownership
Funds ownership: 42.42% → 42.02% (-0.4%)
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GIP
Granite Investment Partners
El Segundo,
California
|
+$13.9M |
| 2 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
+$5.65M |
| 3 |
Norges Bank
Oslo,
Norway
|
+$4.97M |
| 4 |
TCGI
Three Corner Global Investors
New York
|
+$2.64M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$2.45M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ROIC
Route One Investment Company
San Francisco,
California
|
-$39.8M |
| 2 |
Jennison Associates
New York
|
-$6.71M |
| 3 |
NMVA
New Mountain Vantage Advisers
New York
|
-$3.91M |
| 4 |
FTCM
First Trust Capital Management
Chicago,
Illinois
|
-$3.22M |
| 5 |
MWNA
Marshall Wace North America
New York
|
-$2.15M |
MMI Hedge Fund Activity: Q3 2017 in Review
112 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in Marcus & Millichap (MMI) for Q3 2017, worth a combined $432M — up 1.5% from $426M a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new MMI positions and 8 closed out — a net gain of 14 holders — while 45 added to existing stakes and 29 trimmed.
The largest buyer was Granite Investment Partners, opening a new position worth an estimated $13.9M. The largest seller was Route One Investment Company, exiting entirely with an estimated $39.8M sold.
- 112 institutional investors held Marcus & Millichap (MMI) as of Q3 2017, up from 100 in Q2 2017.
- Funds reported $432M of Marcus & Millichap stock for Q3 2017, up 1.5% quarter-over-quarter.
- 22 funds opened new Marcus & Millichap positions in Q3 2017 and 8 closed out, a net change of +14 holders.
- The largest Marcus & Millichap buyer in Q3 2017 was Granite Investment Partners, an estimated $13.9M added.
- The largest Marcus & Millichap seller in Q3 2017 was Route One Investment Company, an estimated $39.8M sold.
Based on aggregated 13F filings for Q3 2017.