Marcus & Millichap
158 hedge funds and large institutions have $720M invested in Marcus & Millichap in 2019 Q2 according to their latest regulatory filings, with 21 funds opening new positions, 67 increasing their positions, 52 reducing their positions, and 39 closing their positions.
31% more capital inflows, than outflows
Capital inflows: $104M | Capital outflows: $79.7M
29% more repeat investments, than reductions
Existing positions increased: 67 | Existing positions reduced: 52
1.37% more ownership
Funds ownership: 58.48% → 59.85% (+1.4%)
12% less funds holding
Funds holding: 180 → 158 (-22)
46% less first-time investments, than exits
New positions opened: 21 | Existing positions closed: 39
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$26.9M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$9.37M |
| 3 |
SC
Southside Capital
Miami Beach,
Florida
|
+$6.36M |
| 4 |
Aberdeen Group
Edinburgh,
United Kingdom
|
+$6.13M |
| 5 |
APG Asset Management
Amsterdam,
Netherlands
|
+$4.89M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$4.64M |
| 2 |
Renaissance Technologies
New York
|
-$4.53M |
| 3 |
Prudential Financial
Newark,
New Jersey
|
-$4.52M |
| 4 |
Fuller & Thaler Asset Management
San Mateo,
California
|
-$4.38M |
| 5 |
Goldman Sachs
New York
|
-$4.33M |
MMI Hedge Fund Activity: Q2 2019 in Review
158 of the 4,626 institutional investors tracked by Wall St. Rank reported a position in Marcus & Millichap (MMI) for Q2 2019, worth a combined $720M — down 22% from $929M a quarter earlier.
Sellers outnumbered buyers: 39 funds closed out of MMI and 21 opened new positions — a net loss of 18 holders — while 52 trimmed existing stakes and 67 added.
The largest buyer was Lord, Abbett & Co, adding an estimated $26.9M. The largest seller was Fidelity Investments, cutting an estimated $4.64M.
- 158 institutional investors held Marcus & Millichap (MMI) as of Q2 2019, down from 180 in Q1 2019.
- Funds reported $720M of Marcus & Millichap stock for Q2 2019, down 22% quarter-over-quarter.
- 21 funds opened new Marcus & Millichap positions in Q2 2019 and 39 closed out, a net change of -18 holders.
- The largest Marcus & Millichap buyer in Q2 2019 was Lord, Abbett & Co, an estimated $26.9M added.
- The largest Marcus & Millichap seller in Q2 2019 was Fidelity Investments, an estimated $4.64M sold.
Based on aggregated 13F filings for Q2 2019.