Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

MARCUS & MILLICHAP INC (MMI)

169 + Investors. Track Smart Money conviction in MMI. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -19
Streak
1Q ▼
Buyers last Q
54%

Smart Money Signals — MMI

Based on 169 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their MMI positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 90% of 3.0Y peak

90% of all-time peak
169 funds currently hold this stock — 90% of the 3.0-year high of 188 funds (reached 2025 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding MMI is almost the same as a year ago (+3 funds, +2% change). No significant rush to buy or sell — institutional backing is holding steady.
🟡

Slight buying edge — 54% buying

108 buying92 selling
Last quarter: 108 funds bought or added vs 92 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
⚠️

Fewer new buyers each quarter (-14 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 20 → 25 → 44 → 30. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

67% of holders stayed for 2+ years

■ 67% conviction (2yr+) ■ 13% medium ■ 20% new
113 out of 169 hedge funds have held MMI for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
🚀

Acceleration phase — new buyers rushing in

20 → 20 → 25 → 44 → 30 new funds/Q
New funds entering each quarter: 20 → 25 → 44 → 30. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.
🏛️

Deep conviction — 71% of holders stayed 2+ years

■ 71% veterans ■ 8% 1-2yr ■ 21% new
Of 169 current holders: 120 (71%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
✅

Strong quality — 32% AUM from major funds

32% from top-100 AUM funds
41 of 169 holders rank in the top 100 by AUM, accounting for 32% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.1
out of 10
Low Exit Risk
Exit risk score 3.1/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — MMI

In 2026 Q1, 108 hedge funds were net buyers of MMI (30 opened a new position, 78 added to an existing one), while 92 reduced or exited (43 trimmed, 49 sold completely) — a 54% buyer ratio, indicating a slight buying edge. 32% of total institutional value in MMI is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -19 funds (more exits than new entries). Total institutional holders: 169.

Hedge Fund Ownership: MMI

How many hedge funds hold MMI — quarterly history vs. share price
Quarterly hedge fund ownership of MMI vs. share price

Market Analysis: MMI

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: MMI

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy MARCUS & MILLICHAP INC (MMI) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much MMI has moved relative to its sector benchmark (XLRE) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 57d ago
MMI
+10.7%
XLRE
+9.6%

MMI outperformed XLRE by +1.1% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 12d ago
MMI
+0.7%
XLRE
+3.6%

Since the filing became public, MMI outperformed XLRE by -2.9% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

18 top-rated funds 0 high-conviction
Consensus
5.6
/ 10
breadth
×
Elite
0.3
/ 10
conviction
Hedge Fund Positioning: MMI
169 + Investors

Track Smart Money conviction in MMI. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 169 188 -10.11%
13F Shares 22M 22M 1.7%
Total Value $569M $595M -4.39%
New Positions 30 44 -14
Increased Positions 78 61 +17
Closed Positions 49 27 +22
Reduced Positions 43 59 -16
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: MMI

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Financial Highlights

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Institutional Holders (2026 Q1)

169 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in MMI. Verified SEC 13F-HR filings.

QUARTER:
Top 25 institutional holders of MMI — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Tributary Capital Management, LLC 1.97% 762,466 $20.3M
2 Verdad Advisers, LP 0.47% 15,539 $413K
3 PZENA INVESTMENT MANAGEMENT LLC 0.17% 2,012,763 $53.5M
4 CX Institutional 0.17% 208,291 $6K
5 ALGERT GLOBAL LLC 0.16% 411,847 $11K
6 SPROTT INC. 0.16% 210,000 $5.6M
7 EntryPoint Capital, LLC 0.15% 19,322 $514K
8 Hunter Perkins Capital Management, LLC 0.15% 23,670 —
9 ROYCE & ASSOCIATES LP 0.13% 511,690 $13.6M
10 DEPRINCE RACE & ZOLLO INC 0.13% 257,172 $6.8M
11 Hofer & Associates. Inc 0.12% 8,344 $222K
12 Diametric Capital, LP 0.12% 16,936 $450K
13 AIGEN INVESTMENT MANAGEMENT, LP 0.08% 11,507 $306K
14 AlphaQuest LLC 0.07% 46,764 $1.3M
15 DARK FOREST CAPITAL MANAGEMENT LP 0.05% 22,371 $595K
16 WINTON GROUP Ltd 0.04% 45,767 $1.2M
17 Inspire Investing, LLC 0.04% 19,244 $512K
18 Investors Research Corp 0.04% 7,275 $193K
19 PITCAIRN CO 0.02% 10,549 $310K
20 Linden Thomas Advisory Services, LLC 0.02% 8,058 $214K
21 FIRST NATIONAL BANK OF OMAHA 0.02% 24,651 $655K
22 SCHRODER INVESTMENT MANAGEMENT GROUP 0.02% 930,897 $24.4M
23 XTX Topco Ltd 0.02% 41,815 $1.1M
24 JACOBS LEVY EQUITY MANAGEMENT, INC 0.02% 159,619 $4.2M
25 Trexquant Investment LP 0.02% 92,213 $2.5M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — MARCUS & MILLICHAP INC (MMI)

What does the Smart Money Trend signal show for MMI?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their MMI positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for MMI?

Slight buying edge — 54% buying: Last quarter: 108 funds bought or added vs 92 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for MMI holders?

Strong quality — 32% AUM from major funds: 41 of 169 holders rank in the top 100 by AUM, accounting for 32% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held MMI?

67% of holders stayed for 2+ years: 113 out of 169 hedge funds have held MMI for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy MARCUS & MILLICHAP INC (MMI) following the 2026 Q1 hedge fund 13F filings?

As of today, MMI has moved +0.7% since the 2026 Q1 13F filing date (May 15, 2026), compared to +3.6% for the XLRE sector ETF — an outperformance of -2.9%. Since the quarter end (March 31, 2026), MMI has gained +10.7% vs +9.6% for XLRE. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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