Who owns Marcus & Millichap (MMI)
Which tracked institutional funds hold MMI, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See MMI company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-09-22). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
43 tracked funds added or opened MMI while 22 trimmed or exited it between 2026-Q1 and 2026-Q2 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
MMI’s largest tracked holder by dollar value, BlackRock, Inc., sizes it at 0.0% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.0pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in MMI divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2026-Q1 and 2026-Q2, across 174 tracked filers holding MMI, 95 increased or opened the position and 87 reduced or closed it; over the same quarter, open-market insider Form 4s were net purchases.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in MMI between the 2026-Q1 and 2026-Q2 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 2
- ExodusPoint Capital Management, LP$3M
- State of New Jersey Common Pension Fund D$1M
Full exits 13
- ALGERT GLOBAL LLC$11M
- CX Institutional$6M
- TUDOR INVESTMENT CORP ET AL$3M
- HRT FINANCIAL LP$1M
- Point72 Asset Management, L.P.$1M
- NORGES BANK$1M
Largest adds
- SCHRODER INVESTMENT MANAGEMENT GROUP$47M
- PZENA INVESTMENT MANAGEMENT LLC$13M
- AQR CAPITAL MANAGEMENT LLC$10M
- VANGUARD PORTFOLIO MANAGEMENT LLC$9M
- BlackRock, Inc.$8M
- DIMENSIONAL FUND ADVISORS LP$7M
Largest trims
- Qube Research & Technologies Ltd$4M
- SEI INVESTMENTS CO$2M
- D. E. Shaw & Co., Inc.$2M
- DEPRINCE RACE & ZOLLO INC$1M
- STATE OF WISCONSIN INVESTMENT BOARD$826K
- Nuveen, LLC$813K
Institutional holders
One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| BlackRock, Inc. trimmed | 3,618,887 | $113M | 16.1% | 2026-Q2 |
| VANGUARD PORTFOLIO MANAGEMENT LLC trimmed | 2,491,466 | $78M | 11.1% | 2026-Q2 |
| SCHRODER INVESTMENT MANAGEMENT GROUP added | 2,285,406 | $71M | 10.2% | 2026-Q2 |
| PZENA INVESTMENT MANAGEMENT LLC added | 2,141,001 | $67M | 9.5% | 2026-Q2 |
| DIMENSIONAL FUND ADVISORS LP added | 1,489,218 | $46M | 6.6% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC trimmed | 1,020,602 | $32M | 4.5% | 2026-Q2 |
| STATE STREET CORP added | 949,388 | $30M | 4.2% | 2026-Q2 |
| Tributary Capital Management, LLC trimmed | 740,631 | $23M | 3.3% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC added | 659,314 | $21M | 2.9% | 2026-Q2 |
| TWO SIGMA INVESTMENTS, LP added | 551,097 | $17M | 2.4% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC added | 472,278 | $15M | 2.1% | 2026-Q2 |
| ROYCE & ASSOCIATES LP trimmed | 470,019 | $15M | 2.1% | 2026-Q2 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC trimmed | 404,677 | $13M | 1.8% | 2026-Q2 |
| JACOBS LEVY EQUITY MANAGEMENT, INC added | 272,747 | $9M | 1.2% | 2026-Q2 |
| NORTHERN TRUST CORP added | 256,122 | $8M | 1.1% | 2026-Q2 |
| SPROTT INC. | 210,000 | $7M | 0.9% | 2026-Q2 |
| RENAISSANCE TECHNOLOGIES LLC trimmed | 200,173 | $6M | 0.9% | 2026-Q2 |
| Russell Investments Group, Ltd. trimmed | 188,990 | $6M | 0.8% | 2026-Q2 |
| DEPRINCE RACE & ZOLLO INC trimmed | 183,095 | $6M | 0.8% | 2026-Q2 |
| MORGAN STANLEY trimmed | 182,843 | $6M | 0.8% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 178,899 | $6M | 0.8% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 170,147 | $5M | 0.8% | 2026-Q2 |
| Bank of New York Mellon Corp added | 165,361 | $5M | 0.7% | 2026-Q2 |
| VANGUARD FIDUCIARY TRUST CO added | 154,405 | $5M | 0.7% | 2026-Q2 |
| UBS Group AG added | 154,306 | $5M | 0.7% | 2026-Q2 |
| Qube Research & Technologies Ltd trimmed | 128,439 | $4M | 0.6% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 127,219 | $4M | 0.6% | 2026-Q2 |
| Nuveen, LLC trimmed | 123,908 | $4M | 0.6% | 2026-Q2 |
| PRINCIPAL FINANCIAL GROUP INC trimmed | 113,280 | $4M | 0.5% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 109,466 | $3M | 0.5% | 2026-Q2 |
| Mariner, LLC trimmed | 93,691 | $3M | 0.4% | 2026-Q2 |
| Quantinno Capital Management LP added | 85,595 | $3M | 0.4% | 2026-Q2 |
| ExodusPoint Capital Management, LP added | 83,576 | $3M | 0.4% | 2026-Q2 |
| Invesco Ltd. added | 83,431 | $3M | 0.4% | 2026-Q2 |
| DEUTSCHE BANK AG\ trimmed | 83,232 | $3M | 0.4% | 2026-Q2 |
| D. E. Shaw & Co., Inc. trimmed | 82,106 | $3M | 0.4% | 2026-Q2 |
| Public Sector Pension Investment Board trimmed | 80,503 | $3M | 0.4% | 2026-Q2 |
| WINTON GROUP Ltd added | 79,750 | $2M | 0.4% | 2026-Q2 |
| SEI INVESTMENTS CO trimmed | 74,566 | $2M | 0.3% | 2026-Q2 |
| LAZARD ASSET MANAGEMENT LLC added | 70,114 | $2M | 0.3% | 2026-Q2 |
| AMERICAN CENTURY COMPANIES INC trimmed | 66,369 | $2M | 0.3% | 2026-Q2 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed | 65,084 | $2M | 0.3% | 2026-Q2 |
| XTX Topco Ltd added | 61,117 | $2M | 0.3% | 2026-Q2 |
| RHUMBLINE ADVISERS trimmed | 60,870 | $2M | 0.3% | 2026-Q2 |
| Trexquant Investment LP trimmed | 57,275 | $2M | 0.3% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC added | 55,518 | $2M | 0.2% | 2026-Q2 |
| IEQ CAPITAL, LLC added | 54,691 | $2M | 0.2% | 2026-Q2 |
| Legal & General Group Plc trimmed | 52,497 | $2M | 0.2% | 2026-Q2 |
| Creative Planning added | 49,329 | $2M | 0.2% | 2026-Q2 |
| Swiss National Bank trimmed | 45,800 | $1M | 0.2% | 2026-Q2 |
| State of New Jersey Common Pension Fund D new | 41,266 | $1M | 0.2% | 2026-Q2 |
| BARCLAYS PLC trimmed | 39,277 | $1M | 0.2% | 2026-Q2 |
| BNP PARIBAS FINANCIAL MARKETS added | 39,235 | $1M | 0.2% | 2026-Q2 |
| MILLENNIUM MANAGEMENT LLC added | 38,557 | $1M | 0.2% | 2026-Q2 |
| JONES FINANCIAL COMPANIES LLLP added | 34,239 | $1M | 0.2% | 2026-Q2 |
| FMR LLC added | 33,584 | $1M | 0.1% | 2026-Q2 |
| ROYAL BANK OF CANADA trimmed | 33,130 | $1M | 0.1% | 2026-Q2 |
| LPL Financial LLC added | 31,101 | $969K | 0.1% | 2026-Q2 |
| ALLIANCEBERNSTEIN L.P. added | 30,902 | $822K | 0.1% | 2026-Q2 |
| FIRST NATIONAL BANK OF OMAHA added | 24,737 | $771K | 0.1% | 2026-Q2 |
| PRUDENTIAL FINANCIAL INC trimmed | 24,340 | $759K | 0.1% | 2026-Q2 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM trimmed | 24,147 | $753K | 0.1% | 2026-Q2 |
| Verdad Advisers, LP added | 21,972 | $685K | 0.1% | 2026-Q2 |
| Inspire Investing, LLC added | 21,780 | $679K | 0.1% | 2026-Q2 |
| PANAGORA ASSET MANAGEMENT INC trimmed | 21,334 | $665K | 0.1% | 2026-Q2 |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 20,453 | $638K | 0.1% | 2026-Q2 |
| PRICE T ROWE ASSOCIATES INC /MD/ added | 19,101 | $596K | 0.1% | 2026-Q2 |
| MERCER GLOBAL ADVISORS INC /ADV added | 18,642 | $581K | 0.1% | 2026-Q2 |
| JPMORGAN CHASE & CO trimmed | 17,268 | $571K | 0.1% | 2026-Q2 |
| VANGUARD ASSET MANAGEMENT, Ltd | 16,851 | $525K | 0.1% | 2026-Q2 |
| Aigen Investment Management, LP added | 16,677 | $520K | 0.1% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 15,746 | $491K | 0.1% | 2026-Q2 |
| VARCOV Co. new | 15,342 | $478K | 0.1% | 2026-Q2 |
| Engineers Gate Manager LP trimmed | 14,980 | $467K | 0.1% | 2026-Q2 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC new | 14,901 | $457K | 0.1% | 2026-Q2 |
| MetLife Investment Management, LLC | 14,061 | $438K | 0.1% | 2026-Q2 |
| Campbell & CO Investment Adviser LLC added | 14,048 | $438K | 0.1% | 2026-Q2 |
| ALLSTATE CORP new | 13,427 | $419K | 0.1% | 2026-Q2 |
| Cerity Partners LLC added | 12,674 | $395K | 0.1% | 2026-Q2 |
| Brevan Howard Capital Management LP new | 11,901 | $371K | 0.1% | 2026-Q2 |
| Illinois Municipal Retirement Fund trimmed | 11,812 | $368K | 0.1% | 2026-Q2 |
| Susquehanna Portfolio Strategies, LLC trimmed | 11,495 | $358K | 0.1% | 2026-Q2 |
| CITIGROUP INC added | 11,476 | $358K | 0.1% | 2026-Q2 |
| FIFTH THIRD BANCORP trimmed | 11,121 | $347K | 0.0% | 2026-Q2 |
| DARK FOREST CAPITAL MANAGEMENT LP trimmed | 11,114 | $346K | 0.0% | 2026-Q2 |
| Squarepoint Ops LLC trimmed | 11,089 | $346K | 0.0% | 2026-Q2 |
| RBF Capital, LLC | 11,000 | $343K | 0.0% | 2026-Q2 |
| Diametric Capital, LP trimmed | 10,932 | $341K | 0.0% | 2026-Q2 |
| Jupiter Topco LLC new | 10,880 | $340K | 0.0% | 2026-Q2 |
| STATE OF WISCONSIN INVESTMENT BOARD trimmed | 10,727 | $334K | 0.0% | 2026-Q2 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. trimmed | 10,620 | $331K | 0.0% | 2026-Q2 |
| Louisiana State Employees Retirement System | 10,600 | $282K | 0.0% | 2026-Q2 |
| NEW YORK STATE COMMON RETIREMENT FUND added | 10,200 | $318K | 0.0% | 2026-Q2 |
| MIRABELLA FINANCIAL SERVICES LLP trimmed | 10,151 | $316K | 0.0% | 2026-Q2 |
| US BANCORP \DE\ added | 9,906 | $309K | 0.0% | 2026-Q2 |
| Vanguard Global Advisers, LLC | 9,807 | $306K | 0.0% | 2026-Q2 |
| NEUBERGER BERMAN GROUP LLC new | 9,693 | $302K | 0.0% | 2026-Q2 |
| Hofer & Associates. Inc | 8,344 | $260K | 0.0% | 2026-Q2 |
| Linden Thomas Advisory Services, LLC added | 8,156 | $254K | 0.0% | 2026-Q2 |
| TEACHER RETIREMENT SYSTEM OF TEXAS trimmed | 8,095 | $252K | 0.0% | 2026-Q2 |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.