Marcus & Millichap
172 hedge funds and large institutions have $590M invested in Marcus & Millichap in 2026 Q1 according to their latest regulatory filings, with 32 funds opening new positions, 80 increasing their positions, 45 reducing their positions, and 47 closing their positions.
116% more capital inflows, than outflows
Capital inflows: $201M | Capital outflows: $92.8M
78% more repeat investments, than reductions
Existing positions increased: 80 | Existing positions reduced: 45
2.2% more ownership
Funds ownership: 56.12% → 58.32% (+2.2%)
10% less funds holding
Funds holding: 192 → 172 (-20)
32% less first-time investments, than exits
New positions opened: 32 | Existing positions closed: 47
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Pzena Investment Management
New York
|
+$36.8M |
| 2 |
Schroder Investment Management Group
London,
United Kingdom
|
+$8.59M |
| 3 |
AG
Algert Global
San Francisco,
California
|
+$6.32M |
| 4 |
Two Sigma Investments
New York
|
+$5.55M |
| 5 |
CI
CX Institutional
Auburn,
Indiana
|
+$5.48M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$10.5M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$8.67M |
| 3 |
Jennison Associates
New York
|
-$7.66M |
| 4 |
Jane Street
New York
|
-$7.36M |
| 5 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
-$5.82M |
MMI Hedge Fund Activity: Q1 2026 in Review
172 of the 8,210 institutional investors tracked by Wall St. Rank reported a position in Marcus & Millichap (MMI) for Q1 2026, worth a combined $590M — down 0.99% from $596M a quarter earlier.
Sellers outnumbered buyers: 47 funds closed out of MMI and 32 opened new positions — a net loss of 15 holders — while 45 trimmed existing stakes and 80 added.
The largest buyer was Pzena Investment Management, adding an estimated $36.8M. The largest seller was Lord, Abbett & Co, exiting entirely with an estimated $10.5M sold.
- 172 institutional investors held Marcus & Millichap (MMI) as of Q1 2026, down from 192 in Q4 2025.
- Funds reported $590M of Marcus & Millichap stock for Q1 2026, down 0.99% quarter-over-quarter.
- 32 funds opened new Marcus & Millichap positions in Q1 2026 and 47 closed out, a net change of -15 holders.
- The largest Marcus & Millichap buyer in Q1 2026 was Pzena Investment Management, an estimated $36.8M added.
- The largest Marcus & Millichap seller in Q1 2026 was Lord, Abbett & Co, an estimated $10.5M sold.
Based on aggregated 13F filings for Q1 2026.