Marcus & Millichap
138 hedge funds and large institutions have $854M 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.
130% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 10
33% more capital invested
Capital invested by funds: $640M → $854M (+$214M)
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$32.1M |
| 2 |
GPGA
Grandeur Peak Global Advisors
Salt Lake City,
Utah
|
+$5.87M |
| 3 |
IECM
Intrinsic Edge Capital Management
Chicago,
Illinois
|
+$3.03M |
| 4 |
Geode Capital Management
Boston,
Massachusetts
|
+$2.36M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$2.35M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RA
Royce & Associates
New York
|
-$20.5M |
| 2 |
Janus Henderson Group
London,
|
-$10.3M |
| 3 |
RRAM
River Road Asset Management
Louisville,
Kentucky
|
-$5.46M |
| 4 |
VNIM
Vaughan Nelson Investment Management
Houston,
Texas
|
-$5.23M |
| 5 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$3.9M |
MMI Hedge Fund Activity: Q4 2020 in Review
138 of the 5,676 institutional investors tracked by Wall St. Rank reported a position in Marcus & Millichap (MMI) for Q4 2020, worth a combined $854M — 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 $854M 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.