Marcus & Millichap
160 hedge funds and large institutions have $781M invested in Marcus & Millichap in 2024 Q1 according to their latest regulatory filings, with 28 funds opening new positions, 53 increasing their positions, 55 reducing their positions, and 19 closing their positions.
47% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 19
38% more call options, than puts
Call options by funds: $164K | Put options by funds: $119K
6% more funds holding
Funds holding: 151 → 160 (+9)
4% less repeat investments, than reductions
Existing positions increased: 53 | Existing positions reduced: 55
3.29% less ownership
Funds ownership: 62.8% → 59.51% (-3.3%)
26% less capital invested
Capital invested by funds: $1.05B → $781M (-$272M)
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$8.3M |
| 2 |
RA
Royce & Associates
New York
|
+$7.24M |
| 3 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$3.14M |
| 4 |
TCM
Tributary Capital Management
Omaha,
Nebraska
|
+$2.31M |
| 5 |
ECM
ExodusPoint Capital Management
New York
|
+$1.99M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Trust Advisors
Wheaton,
Illinois
|
-$26.8M |
| 2 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
-$14.1M |
| 3 |
Schroder Investment Management Group
London,
United Kingdom
|
-$13M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$9.93M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
-$4.66M |
MMI Hedge Fund Activity: Q1 2024 in Review
160 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in Marcus & Millichap (MMI) for Q1 2024, worth a combined $781M — down 26% from $1.05B a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new MMI positions and 19 closed out — a net gain of 9 holders — while 53 added to existing stakes and 55 trimmed.
The largest buyer was Goldman Sachs, adding an estimated $8.3M. The largest seller was First Trust Advisors, exiting entirely with an estimated $26.8M sold.
- 160 institutional investors held Marcus & Millichap (MMI) as of Q1 2024, up from 151 in Q4 2023.
- Funds reported $781M of Marcus & Millichap stock for Q1 2024, down 26% quarter-over-quarter.
- 28 funds opened new Marcus & Millichap positions in Q1 2024 and 19 closed out, a net change of +9 holders.
- The largest Marcus & Millichap buyer in Q1 2024 was Goldman Sachs, an estimated $8.3M added.
- The largest Marcus & Millichap seller in Q1 2024 was First Trust Advisors, an estimated $26.8M sold.
Based on aggregated 13F filings for Q1 2024.