Marcus & Millichap
180 hedge funds and large institutions have $929M invested in Marcus & Millichap in 2019 Q1 according to their latest regulatory filings, with 28 funds opening new positions, 64 increasing their positions, 64 reducing their positions, and 23 closing their positions.
22% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 23
19% more capital invested
Capital invested by funds: $782M → $929M (+$147M)
2% more funds holding
Funds holding: 177 → 180 (+3)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0% more repeat investments, than reductions
Existing positions increased: 64 | Existing positions reduced: 64
0.5% less ownership
Funds ownership: 58.99% → 58.48% (-0.5%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$14.5M |
| 2 |
APG Asset Management
Amsterdam,
Netherlands
|
+$7.36M |
| 3 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$7.11M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$5.24M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
+$4.89M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RA
Royce & Associates
New York
|
-$11.6M |
| 2 |
Aberdeen Group
Edinburgh,
United Kingdom
|
-$9.22M |
| 3 |
WG
Winton Group
London,
United Kingdom
|
-$7.53M |
| 4 |
JP Morgan Chase
New York
|
-$5.87M |
| 5 |
GIP
Granite Investment Partners
El Segundo,
California
|
-$4.41M |
MMI Hedge Fund Activity: Q1 2019 in Review
180 of the 4,633 institutional investors tracked by Wall St. Rank reported a position in Marcus & Millichap (MMI) for Q1 2019, worth a combined $929M — up 19% from $782M a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new MMI positions and 23 closed out — a net gain of 5 holders — while 64 added to existing stakes and 64 trimmed.
The largest buyer was Invesco, adding an estimated $14.5M. The largest seller was Royce & Associates, cutting an estimated $11.6M.
- 180 institutional investors held Marcus & Millichap (MMI) as of Q1 2019, up from 177 in Q4 2018.
- Funds reported $929M of Marcus & Millichap stock for Q1 2019, up 19% quarter-over-quarter.
- 28 funds opened new Marcus & Millichap positions in Q1 2019 and 23 closed out, a net change of +5 holders.
- The largest Marcus & Millichap buyer in Q1 2019 was Invesco, an estimated $14.5M added.
- The largest Marcus & Millichap seller in Q1 2019 was Royce & Associates, an estimated $11.6M sold.
Based on aggregated 13F filings for Q1 2019.