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Marcus & Millichap
MMI

138 hedge funds and large institutions have $853M invested in Marcus & Millichap in 2020 Q4 according to their latest regulatory filings, with 23 funds opening new positions, 36 increasing their positions, 51 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

130% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 10

33% more capital invested

Capital invested by funds: $640M → $853M (+$213M)

10% more funds holding

Funds holding: 125 → 138 (+13)

0.88% less ownership

Funds ownership: 59.1% → 58.22% (-0.88%)

29% less repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 51

Holders
138
Holders Change
+13
Holders Change %
+10.4%
% of All Funds
2.44%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
23
Increased
36
Reduced
51
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
BlackRock
BlackRock
New York
+$32.1M
2
GPGA
Grandeur Peak Global Advisors
Utah
+$5.87M
3
IECM
Intrinsic Edge Capital Management
Illinois
+$3.03M
4
Geode Capital Management
Geode Capital Management
Massachusetts
+$2.36M
5
Citadel Advisors
Citadel Advisors
Florida
+$2.35M

Top Sellers

1
RA
Royce & Associates
New York
-$20.5M
2
Janus Henderson Group
Janus Henderson Group
United Kingdom
-$10.3M
3
RRAM
River Road Asset Management
Kentucky
-$5.46M
4
VNIM
Vaughan Nelson Investment Management
Texas
-$5.23M
5
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
-$3.9M
Name Holding Trade Value Shares
Change 		Change in
Stake
BlackRock
1
BlackRock
New York
$207M +$32.1M +947,406 +21%
Vanguard Group
2
Vanguard Group
Pennsylvania
$133M +$1.92M +56,613 +2%
RA
3
Royce & Associates
New York
$62.2M -$20.5M -604,069 -27%
Dimensional Fund Advisors
4
Dimensional Fund Advisors
Texas
$51.1M -$273K -8,057 -0.6%
Janus Henderson Group
5
Janus Henderson Group
United Kingdom
$45.9M -$10.3M -305,452 -20%
VNIM
6
Vaughan Nelson Investment Management
Texas
$31.6M -$5.23M -154,330 -15%
RP
7
Reinhart Partners
Wisconsin
$29.9M +$1.21M +35,744 +5%
Lord, Abbett & Co
8
Lord, Abbett & Co
New Jersey
$27.8M -$3.9M -115,200 -13%
State Street
9
State Street
Massachusetts
$26.5M +$109K +3,213 +0.5%
TCM
10
Tributary Capital Management
Nebraska
$21.8M -$1.03M -30,463 -5%
Geode Capital Management
11
Geode Capital Management
Massachusetts
$16.8M +$2.36M +69,527 +18%
Northern Trust
12
Northern Trust
Illinois
$13.6M +$43.5K +1,285 +0.4%
GIP
13
Granite Investment Partners
California
$13.5M -$361K -10,668 -3%
Norges Bank
14
Norges Bank
Norway
$13.1M – – –
HPCM
15
Hunter Perkins Capital Management
Illinois
$12.6M +$955K +28,185 +9%
Bank of New York Mellon
16
Bank of New York Mellon
New York
$10M -$374K -11,027 -4%
Charles Schwab
17
Charles Schwab
California
$8.14M +$481K +14,189 +7%
Wellington Management Group
18
Wellington Management Group
Massachusetts
$7.46M -$74K -2,184 -1%
GPGA
19
Grandeur Peak Global Advisors
Utah
$6.45M +$5.87M +173,319 New
Principal Financial Group
20
Principal Financial Group
Iowa
$6.15M -$216K -6,362 -4%
Fuller & Thaler Asset Management
21
Fuller & Thaler Asset Management
California
$6.04M +$9.86K +291 +0.2%
N
22
Nuveen
North Carolina
$5.4M +$902K +26,639 +22%
Wells Fargo
23
Wells Fargo
California
$4.9M -$59.7K -1,763 -1%
Barclays
24
Barclays
United Kingdom
$4.31M -$173K -5,097 -4%
SI
25
Sprott Inc
Ontario, Canada
$4.09M – – –
1
2 3 4 5

MMI Hedge Fund Activity: Q4 2020 in Review

138 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Marcus & Millichap (MMI) for Q4 2020, worth a combined $853M — up 33% from $640M a quarter earlier.

Buyers outnumbered sellers: 23 funds opened new MMI positions and 10 closed out — a net gain of 13 holders — while 36 added to existing stakes and 51 trimmed.

The largest buyer was BlackRock, adding an estimated $32.1M. The largest seller was Royce & Associates, cutting an estimated $20.5M.

  • 138 institutional investors held Marcus & Millichap (MMI) as of Q4 2020, up from 125 in Q3 2020.
  • Funds reported $853M of Marcus & Millichap stock for Q4 2020, up 33% quarter-over-quarter.
  • 23 funds opened new Marcus & Millichap positions in Q4 2020 and 10 closed out, a net change of +13 holders.
  • The largest Marcus & Millichap buyer in Q4 2020 was BlackRock, an estimated $32.1M added.
  • The largest Marcus & Millichap seller in Q4 2020 was Royce & Associates, an estimated $20.5M sold.

Based on aggregated 13F filings for Q4 2020.