MMI
Marcus & Millichap, Inc. · Real Estate · Real Estate - Services
Momentum inputs (comparable managers):
holder breadth +20.0% ·
share flow +5.8% ·
net new positions +16.7%
— formula
Broad accumulation — rising shares across more holders
All ownership figures: tracked 13F managers only, common-stock positions, reporting period Q1 2025
| Quarter | Holders | Δ | Shares | Reported value | New | Exits |
|---|---|---|---|---|---|---|
| Q2 2026 | 69 | -1 | 15.15M | $472.15M | +7 | −8 |
| Q1 2026 | 73 | -6 | 14.12M | $375.38M | +6 | −12 |
| Q4 2025 | 78 | +1 | 16.90M | $461.15M | +3 | −2 |
| Q3 2025 | 16 | 0 | 10.35M | $304.03M | — | −1 |
| Q2 2025 | 14 | -1 | 9.87M | $303.20M | — | −1 |
| Q1 2025 | 12 | +2 | 2.30M | $79.56M | +2 | — |
| Q4 2024 | 10 | +1 | 2.18M | $83.26M | +1 | — |
| Q3 2024 | 8 | +1 | 1.23M | $48.88M | +3 | −2 |
| Q2 2024 | 7 | — | 1.26M | $39.71M | — | — |
| # | Manager | Shares | Δ shares | Value | Their weight | Held | ||
|---|---|---|---|---|---|---|---|---|
| 1 | State Street Global Advisors ✦ (passive) | 917.74K | -5.0% | $31.85M | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 2 | Geode Capital Management ✦ (passive) | 613.96K | +2.8% | $21.15M | 0.0% | ▲ Add | 4 | SEC ↗ |
| 3 | Geode Capital Management ✦ (passive) | 613.96K | +2.8% | $21.15M | 0.0% | ▲ Add | 4 | SEC ↗ |
| 4 | Wellington Management ✦ | 366.20K | -0.8% | $12.62M | 0.0% | ▼ Trim | 4 | SEC ↗ |
| 5 | Wellington Management ✦ | 366.20K | -0.8% | $12.62M | 0.0% | ▼ Trim | 4 | SEC ↗ |
| 6 | Wellington Management ✦ | 366.20K | -0.8% | $12.62M | 0.0% | ▼ Trim | 4 | SEC ↗ |
| 7 | Wellington Management ✦ | 366.20K | -0.8% | $12.62M | 0.0% | ▼ Trim | 4 | SEC ↗ |
| 8 | Wellington Management ✦ | 366.20K | -0.8% | $12.62M | 0.0% | ▼ Trim | 4 | SEC ↗ |
| 9 | Citadel Advisors ✦ | 122.74K | -5.3% | $4.23M | 0.0% | ▼ Trim | 4 | SEC ↗ |
| 10 | Citadel Advisors ✦ | 122.74K | -5.3% | $4.23M | 0.0% | ▼ Trim | 4 | SEC ↗ |
| 11 | Arrowstreet Capital ✦ | 92.96K | +1098.6% | $3.20M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 12 | Renaissance Technologies ✦ | 56.25K | New | $1.94M | 0.0% | New | 1 | SEC ↗ |
| 13 | Millennium Management ✦ | 47.81K | +390.3% | $1.65M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 14 | Norges Bank ✦ (passive) | 35.31K | -50.5% | $1.22M | 0.0% | ▼ Trim | 4 | SEC ↗ |
| 15 | D. E. Shaw & Co. ✦ | 17.72K | New | $610,454 | 0.0% | New | 1 | SEC ↗ |
| 16 | AQR Capital Management ✦ | 13.70K | +42.9% | $472,034 | 0.0% | ▲ Add | 3 | SEC ↗ |
| 17 | AQR Capital Management ✦ | 13.70K | +42.9% | $472,034 | 0.0% | ▲ Add | 3 | SEC ↗ |
| 18 | AQR Capital Management ✦ | 13.70K | +42.9% | $472,034 | 0.0% | ▲ Add | 3 | SEC ↗ |
| 19 | AQR Capital Management ✦ | 13.70K | +42.9% | $472,034 | 0.0% | ▲ Add | 3 | SEC ↗ |
| 20 | AQR Capital Management ✦ | 13.70K | +42.9% | $472,034 | 0.0% | ▲ Add | 3 | SEC ↗ |
| 21 | T. Rowe Price ✦ | 10.12K | +11.1% | $349,000 | 0.0% | ▲ Add | 4 | SEC ↗ |
| 22 | Two Sigma Investments ✦ | 8.06K | +34.4% | $277,839 | 0.0% | ▲ Add | 2 | SEC ↗ |
“Their weight” = the position's share of that manager's reported 13F equity value — the conviction measure. ✦ = curated manager.
New buyers
| Renaissance Technologies | $1.94M | 0.0% |
| D. E. Shaw & Co. | $610,454 | 0.0% |
Exited
| No tracked exits this quarter. |
Full-market context: across ALL 13F filers (SEC structured data, Q1 2026): 169 holders, 22.10M shares, $565.01M reported. This is a different, older period than the tracked-universe figures above and the two are never mixed.
What else this security's tracked holders most often hold — shared-ownership counts, not fundamental relationships.