MMI
Marcus & Millichap, Inc. · Real Estate · Real Estate - Services
Momentum inputs (comparable managers):
holder breadth +1.3% ·
share flow +5.6% ·
net new positions +1.3%
— formula
Broad accumulation — rising shares across more holders
All ownership figures: tracked 13F managers only, common-stock positions, reporting period Q4 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 | BlackRock ✦ (passive) | 3.87M | -1.2% | $105.59M | 0.0% | ▼ Trim | 3 | SEC ↗ ×14 |
| 2 | The Vanguard Group ✦ (passive) | 3.82M | +2.3% | $104.16M | 0.0% | ▲ Add | 3 | SEC ↗ ×5 |
| 3 | Dimensional Fund Advisors Lp | 1.44M | — | $39.26M | 0.0% | n/c | 1 | SEC ↗ ×5 |
| 4 | State Street Global Advisors ✦ (passive) | 951.03K | +3.0% | $25.95M | 0.0% | ▲ Add | 5 | SEC ↗ |
| 5 | Geode Capital Management ✦ (passive) | 628.28K | -0.1% | $17.15M | 0.0% | ▼ Trim | 7 | SEC ↗ ×2 |
| 6 | Charles Schwab Investment… | 385.12K | — | $10.51M | 0.0% | n/c | 1 | SEC ↗ |
| 7 | Citadel Advisors ✦ | 361.69K | +586.0% | $9.87M | 0.0% | ▲ Add | 7 | SEC ↗ ×2 |
| 8 | Qube Research & Technologies Ltd | 320.51K | — | $8.75M | 0.0% | n/c | 1 | SEC ↗ |
| 9 | Jennison Associates Llc | 280.73K | — | $7.66M | 0.0% | n/c | 1 | SEC ↗ ×2 |
| 10 | Jane Street Group, Llc | 269.72K | — | $7.36M | 0.0% | n/c | 1 | SEC ↗ ×2 |
| 11 | Renaissance Technologies ✦ | 260.20K | +773.1% | $7.10M | 0.0% | ▲ Add | 4 | SEC ↗ |
| 12 | Northern Trust Corp | 232.74K | — | $6.35M | 0.0% | n/c | 1 | SEC ↗ ×7 |
| 13 | Tudor Investment Corp Et Al | 229.41K | — | $6.26M | 0.0% | n/c | 1 | SEC ↗ |
| 14 | Morgan Stanley ✦ | 215.72K | +34.2% | $5.89M | 0.0% | ▲ Add | 2 | SEC ↗ ×7 |
| 15 | Two Sigma Investments ✦ | 213.56K | New | $5.83M | 0.0% | New | 1 | SEC ↗ |
| 16 | Hotchkis & Wiley Capital Management… | 213.38K | — | $5.82M | 0.0% | n/c | 1 | SEC ↗ |
| 17 | Russell Investments Group, Ltd. | 201.08K | — | $5.49M | 0.0% | n/c | 1 | SEC ↗ ×5 |
| 18 | Marshall Wace ✦ | 195.48K | New | $5.33M | 0.0% | New | 1 | SEC ↗ ×2 |
| 19 | D. E. Shaw & Co. ✦ | 192.14K | +240.7% | $5.24M | 0.0% | ▲ Add | 4 | SEC ↗ |
| 20 | Point72 Asset Management ✦ | 177.19K | New | $4.84M | 0.0% | New | 1 | SEC ↗ |
| 21 | Bank of New York Mellon Corp | 158.41K | — | $4.32M | 0.0% | n/c | 1 | SEC ↗ ×5 |
| 22 | Goldman Sachs Group ✦ | 148.44K | +58.6% | $4.05M | 0.0% | ▲ Add | 2 | SEC ↗ ×2 |
| 23 | Envestnet Asset Management Inc | 138.71K | — | $3.79M | 0.0% | n/c | 1 | SEC ↗ |
| 24 | DZ BANK AG Deutsche Zentral… | 134.67K | — | $3.68M | 0.0% | n/c | 1 | SEC ↗ |
| 25 | Principal Financial Group Inc | 114.96K | — | $3.14M | 0.0% | n/c | 1 | SEC ↗ ×2 |
| 26 | Wells Fargo & Company/Mn | 92.16K | — | $2.51M | 0.0% | n/c | 1 | SEC ↗ ×3 |
| 27 | Nuveen, LLC | 90.10K | — | $2.46M | 0.0% | n/c | 1 | SEC ↗ ×3 |
| 28 | Sei Investments Co | 82.02K | — | $2.24M | 0.0% | n/c | 1 | SEC ↗ ×2 |
| 29 | Barclays Plc | 78.35K | — | $2.14M | 0.0% | n/c | 1 | SEC ↗ ×2 |
| 30 | Hsbc Holdings Plc | 78.33K | — | $2.13M | 0.0% | n/c | 1 | SEC ↗ ×2 |
| 31 | JPMorgan Chase ✦ | 77.10K | -32.9% | $2.10M | 0.0% | ▼ Trim | 2 | SEC ↗ ×4 |
| 32 | Invesco Ltd. | 73.45K | — | $2.00M | 0.0% | n/c | 1 | SEC ↗ ×5 |
| 33 | American Century Companies Inc | 71.16K | — | $1.94M | 0.0% | n/c | 1 | SEC ↗ |
| 34 | Ameriprise Financial Inc | 70.80K | — | $1.93M | 0.0% | n/c | 1 | SEC ↗ ×2 |
| 35 | Rhumbline Advisers | 69.56K | — | $1.90M | 0.0% | n/c | 1 | SEC ↗ |
| 36 | UBS AM, a distinct business unit of… | 67.62K | — | $1.85M | 0.0% | n/c | 1 | SEC ↗ ×6 |
| 37 | Millennium Management ✦ | 67.39K | -60.9% | $1.84M | 0.0% | ▼ Trim | 6 | SEC ↗ |
| 38 | Bnp Paribas Financial Markets | 66.72K | — | $1.82M | 0.0% | n/c | 1 | SEC ↗ |
| 39 | Legal & General Group Plc | 62.72K | — | $1.71M | 0.0% | n/c | 1 | SEC ↗ ×3 |
| 40 | AQR Capital Management ✦ | 55.52K | -8.8% | $1.52M | 0.0% | ▼ Trim | 6 | SEC ↗ ×4 |
| 41 | Deutsche Bank Ag\ | 55.37K | — | $1.51M | 0.0% | n/c | 1 | SEC ↗ ×2 |
| 42 | Mariner, LLC | 49.92K | — | $1.36M | 0.0% | n/c | 1 | SEC ↗ |
| 43 | Swiss National Bank | 49.30K | — | $1.35M | 0.0% | n/c | 1 | SEC ↗ |
| 44 | Bank Of America Corp /De/ | 45.56K | — | $1.24M | 0.0% | n/c | 1 | SEC ↗ ×4 |
| 45 | Squarepoint Ops LLC | 42.75K | — | $1.17M | 0.0% | n/c | 1 | SEC ↗ |
| 46 | Hrt Financial Lp | 42.54K | — | $1.16M | 0.0% | n/c | 1 | SEC ↗ |
| 47 | UBS Group AG | 40.82K | — | $1.11M | 0.0% | n/c | 1 | SEC ↗ ×3 |
| 48 | Alliancebernstein L.P. | 30.89K | — | $843,070 | 0.0% | n/c | 1 | SEC ↗ |
| 49 | Royal Bank Of Canada | 29.59K | — | $807,000 | 0.0% | n/c | 1 | SEC ↗ ×5 |
| 50 | Prudential Financial Inc | 26.74K | — | $729,735 | 0.0% | n/c | 1 | SEC ↗ |
| 51 | LPL Financial LLC | 26.09K | — | $711,855 | 0.0% | n/c | 1 | SEC ↗ |
| 52 | California State Teachers… | 25.09K | — | $684,788 | 0.0% | n/c | 1 | SEC ↗ |
| 53 | State Of Wisconsin Investment Board | 23.99K | — | $654,660 | 0.0% | n/c | 1 | SEC ↗ |
| 54 | Balyasny Asset Management L.P. | 17.32K | — | $472,690 | 0.0% | n/c | 1 | SEC ↗ ×2 |
| 55 | Creative Planning | 15.81K | — | $431,564 | 0.0% | n/c | 1 | SEC ↗ |
| 56 | Manufacturers Life Insurance… | 13.74K | — | $374,992 | 0.0% | n/c | 1 | SEC ↗ |
| 57 | T. Rowe Price ✦ | 13.67K | +8.2% | $374,000 | 0.0% | ▲ Add | 7 | SEC ↗ |
| 58 | Quantinno Capital Management LP | 11.58K | — | $315,973 | 0.0% | n/c | 1 | SEC ↗ |
| 59 | MIRAE ASSET GLOBAL ETFS HOLDINGS… | 11.14K | — | $303,956 | 0.0% | n/c | 1 | SEC ↗ |
| 60 | Janus Henderson Group Plc | 10.88K | — | $296,698 | 0.0% | n/c | 1 | SEC ↗ |
| 61 | Universal- Beteiligungs- und… | 9.71K | — | $265,123 | 0.0% | n/c | 1 | SEC ↗ |
| 62 | Zurcher Kantonalbank (Zurich… | 9.35K | — | $255,162 | 0.0% | n/c | 1 | SEC ↗ |
| 63 | Cerity Partners LLC | 9.12K | — | $248,885 | 0.0% | n/c | 1 | SEC ↗ ×2 |
| 64 | Us Bancorp \De\ | 8.27K | — | $225,662 | 0.0% | n/c | 1 | SEC ↗ ×4 |
| 65 | New York State Common Retirement… | 6.80K | — | $185,572 | 0.0% | n/c | 1 | SEC ↗ |
| 66 | Citigroup Inc | 6.33K | — | $172,882 | 0.0% | n/c | 1 | SEC ↗ ×2 |
| 67 | Canada Pension Plan Investment Board | 4.80K | — | $130,992 | 0.0% | n/c | 1 | SEC ↗ |
| 68 | Pnc Financial Services Group, Inc. | 4.39K | — | $119,742 | 0.0% | n/c | 1 | SEC ↗ ×5 |
| 69 | Cwm, Llc | 2.26K | — | $62,000 | 0.0% | n/c | 1 | SEC ↗ |
| 70 | Fidelity (FMR) ✦ | 2.19K | -19.5% | $59,624 | 0.0% | ▼ Trim | 3 | SEC ↗ ×3 |
| 71 | Rockefeller Capital Management L.P. | 714 | — | $19,501 | 0.0% | n/c | 1 | SEC ↗ |
| 72 | BNP Paribas Asset Management… | 407 | — | $11,000 | 0.0% | n/c | 1 | SEC ↗ |
| 73 | Danske Bank A/S | 100 | — | $2,729 | 0.0% | n/c | 1 | SEC ↗ |
| 74 | Group One Trading Llc | 100 | — | $2,729 | 0.0% | n/c | 1 | SEC ↗ |
| 75 | Osaic Holdings, Inc. | 100 | — | $2,728 | 0.0% | n/c | 1 | SEC ↗ |
| 76 | Optiver Holding B.V. | 72 | — | $1,965 | 0.0% | n/c | 1 | SEC ↗ |
| 77 | Jones Financial Companies Lllp | 13 | — | $355 | 0.0% | n/c | 1 | SEC ↗ |
| 78 | Fifth Third Bancorp | 6 | — | $164 | 0.0% | n/c | 1 | SEC ↗ |
“Their weight” = the position's share of that manager's reported 13F equity value — the conviction measure. ✦ = curated manager.
New buyers
| Two Sigma Investments | $5.83M | 0.0% |
| Marshall Wace | $5.33M | 0.0% |
| Point72 Asset Management | $4.84M | 0.0% |
Exited
| Wellington Management | $9.54M | was 0.0% |
| Arrowstreet Capital | $2.08M | was 0.0% |
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.