Marcus & Millichap
171 hedge funds and large institutions have $780M invested in Marcus & Millichap in 2018 Q2 according to their latest regulatory filings, with 33 funds opening new positions, 80 increasing their positions, 36 reducing their positions, and 23 closing their positions.
122% more repeat investments, than reductions
Existing positions increased: 80 | Existing positions reduced: 36
43% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 23
17% more capital invested
Capital invested by funds: $664M → $780M (+$116M)
4% more funds holding
Funds holding: 164 → 171 (+7)
4.1% more ownership
Funds ownership: 47.74% → 51.83% (+4.1%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $46K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$32.5M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$30.3M |
| 3 |
DZ Bank
Frankfurt Am Main,
Germany
|
+$9.66M |
| 4 |
MCM
Matarin Capital Management
New York
|
+$7.49M |
| 5 |
Renaissance Technologies
New York
|
+$3.64M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RA
Royce & Associates
New York
|
-$12.8M |
| 2 |
Aberdeen Group
Edinburgh,
United Kingdom
|
-$12.2M |
| 3 |
ECP
Elk Creek Partners
Denver,
Colorado
|
-$11M |
| 4 |
USAA
United Services Automobile Association
San Antonio,
Texas
|
-$6.68M |
| 5 |
RRAM
River Road Asset Management
Louisville,
Kentucky
|
-$4.25M |
MMI Hedge Fund Activity: Q2 2018 in Review
171 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Marcus & Millichap (MMI) for Q2 2018, worth a combined $780M — up 17% from $664M a quarter earlier.
Buyers outnumbered sellers: 33 funds opened new MMI positions and 23 closed out — a net gain of 10 holders — while 80 added to existing stakes and 36 trimmed.
The largest buyer was BlackRock, adding an estimated $32.5M. The largest seller was Royce & Associates, cutting an estimated $12.8M.
- 171 institutional investors held Marcus & Millichap (MMI) as of Q2 2018, up from 164 in Q1 2018.
- Funds reported $780M of Marcus & Millichap stock for Q2 2018, up 17% quarter-over-quarter.
- 33 funds opened new Marcus & Millichap positions in Q2 2018 and 23 closed out, a net change of +10 holders.
- The largest Marcus & Millichap buyer in Q2 2018 was BlackRock, an estimated $32.5M added.
- The largest Marcus & Millichap seller in Q2 2018 was Royce & Associates, an estimated $12.8M sold.
Based on aggregated 13F filings for Q2 2018.