MMI Marcus & Millichap
Marcus & Millichap (MMI) Institutional Ownership
What the institutions did with MMI last quarter, from their 13F filings. Counting managers rather than shares is the point: a single index fund adding to a position tells you far less than four hundred separate managers all deciding to. Positions as reported for the quarter ended September 30, 2026.
Every manager below opens. Subscribers can see any firm's whole portfolio — every position, its weight, and what they bought, trimmed and exited last quarter.
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Each block is one manager, sized by shares held and colored by how much they moved the position last quarter. Green added, red cut, grey stood pat.
Largest holders
| Manager | Shares | % of reported |
|---|---|---|
| PZENA INVESTMENT MANAGEMENT LLC | 2.1M | 41.8% |
| DIMENSIONAL FUND ADVISORS LP | 1.5M | 29.8% |
| Tributary Capital Management, LLC | 710.1K | 14.1% |
| Bank of New York Mellon Corp | 161.4K | 3.2% |
| PRINCIPAL FINANCIAL GROUP INC | 106.8K | 2.1% |
| DEPRINCE RACE & ZOLLO INC | 87.9K | 1.7% |
| Creative Planning | 58.4K | 1.2% |
| State of New Jersey Common Pension Fund D | 35.9K | 0.7% |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM | 32.2K | 0.6% |
| Inspire Investing, LLC | 22.5K | 0.4% |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | 14.9K | 0.3% |
| Thrivent Financial for Lutherans | 14.2K | 0.3% |
| Park Capital Management, LLC / WI | 13.5K | 0.3% |
| Illinois Municipal Retirement Fund | 12.5K | 0.2% |
| CenterBook Partners LP | 11.4K | 0.2% |
| ANCHYRA PARTNERS LLC | 11.0K | 0.2% |
| FIFTH THIRD BANCORP | 10.6K | 0.2% |
| Commonwealth Financial Services, LLC | 10.2K | 0.2% |
| SteelPeak Wealth, LLC | 9.7K | 0.2% |
| Louisiana State Employees Retirement System | 9.5K | 0.2% |
| Symmetry Partners, LLC | 9.5K | 0.2% |
| Linden Thomas Advisory Services, LLC | 8.1K | 0.2% |
| EVERGREEN CAPITAL MANAGEMENT LLC | 7.9K | 0.2% |
| Investors Research Corp | 7.3K | 0.1% |
| US BANCORP \DE\ | 7.2K | 0.1% |
Largest changes
| Manager | Action | Previous | Current | Change |
|---|---|---|---|---|
| DEPRINCE RACE & ZOLLO INC | Reduced | 183.1K | 87.9K | -95.2K |
| PZENA INVESTMENT MANAGEMENT LLC | Reduced | 2.1M | 2.1M | -39.1K |
| Tributary Capital Management, LLC | Reduced | 740.6K | 710.1K | -30.6K |
| Park Capital Management, LLC / WI | New | 0 | 13.5K | +13.5K |
| DIMENSIONAL FUND ADVISORS LP | Increased | 1.5M | 1.5M | +11.6K |
| CenterBook Partners LP | New | 0 | 11.4K | +11.4K |
| ANCHYRA PARTNERS LLC | New | 0 | 11.0K | +11.0K |
| Commonwealth Financial Services, LLC | New | 0 | 10.2K | +10.2K |
| SteelPeak Wealth, LLC | New | 0 | 9.7K | +9.7K |
| Symmetry Partners, LLC | New | 0 | 9.5K | +9.5K |
| Creative Planning | Increased | 49.3K | 58.4K | +9.1K |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM | Increased | 23.7K | 32.2K | +8.5K |
| CITIGROUP INC | Reduced | 11.5K | 3.0K | -8.5K |
| Hofer & Associates. Inc | Sold Out | 8.3K | 0 | -8.3K |
| MACKENZIE FINANCIAL CORP | Sold Out | 6.9K | 0 | -6.9K |
| PRINCIPAL FINANCIAL GROUP INC | Reduced | 113.3K | 106.8K | -6.5K |
| State of New Jersey Common Pension Fund D | Reduced | 41.3K | 35.9K | -5.4K |
| NISA INVESTMENT ADVISORS, LLC | Increased | 1.8K | 6.9K | +5.1K |
| State of Wyoming | Increased | 2.5K | 6.8K | +4.3K |
| Bank of New York Mellon Corp | Reduced | 165.4K | 161.4K | -4.0K |
| US BANCORP \DE\ | Reduced | 9.9K | 7.2K | -2.7K |
| State of Alaska, Department of Revenue | Reduced | 7.7K | 5.4K | -2.4K |
| Fortitude Family Office, LLC | Increased | 10 | 2.2K | +2.2K |
| STRS OHIO | Increased | 4.2K | 6.0K | +1.8K |
| Thrivent Financial for Lutherans | Reduced | 15.4K | 14.2K | -1.2K |
| GAMMA Investing LLC | Increased | 4.6K | 5.4K | +811 |
| Louisiana State Employees Retirement System | Reduced | 10.3K | 9.5K | -800 |
| EverSource Wealth Advisors, LLC | Increased | 935 | 1.7K | +729 |
| Illinois Municipal Retirement Fund | Increased | 11.8K | 12.5K | +723 |
| Heritage Family Offices, LLP | New | 0 | 701 | +701 |
| Inspire Investing, LLC | Increased | 21.8K | 22.5K | +675 |
| Farther Finance Advisors, LLC | Increased | 1.1K | 1.7K | +583 |
| FIFTH THIRD BANCORP | Reduced | 11.1K | 10.6K | -516 |
| OREGON PUBLIC EMPLOYEES RETIREMENT FUND | Reduced | 5.3K | 5.0K | -300 |
| EVERGREEN CAPITAL MANAGEMENT LLC | Increased | 7.7K | 7.9K | +249 |
| Cassaday & Co Wealth Management LLC | New | 0 | 225 | +225 |
| Parallel Advisors, LLC | Increased | 645 | 842 | +197 |
| PROATHLETE WEALTH MANAGEMENT LLC | New | 0 | 181 | +181 |
| SJS Investment Consulting Inc. | Increased | 258 | 437 | +179 |
| CX Institutional | Sold Out | 161 | 0 | -161 |
| Caitong International Asset Management Co., Ltd | Reduced | 432 | 277 | -155 |
| MATHER GROUP, LLC. | New | 0 | 135 | +135 |
| Root Financial Partners, LLC | New | 0 | 104 | +104 |
| PENSION & WEALTH MANAGEMENT ADVISORS, INC. | New | 0 | 50 | +50 |
| Provenance Wealth Advisors, LLC | New | 0 | 37 | +37 |
| PRIVATE TRUST CO NA | Reduced | 835 | 802 | -33 |
| Parkside Financial Bank & Trust | Increased | 50 | 80 | +30 |
| Clark Wealth Partners | New | 0 | 28 | +28 |
| Stone House Investment Management, LLC | Sold Out | 24 | 0 | -24 |
| Pinnacle Wealth Planning Services, Inc. | Increased | 111 | 135 | +24 |
| Physician Wealth Advisors, Inc. | Increased | 18 | 40 | +22 |
| Covestor Ltd | Reduced | 358 | 338 | -20 |
| Sterling Capital Management LLC | Reduced | 465 | 449 | -16 |
| Ascentis Wealth Management, LLC | New | 0 | 16 | +16 |
| VALLEY NATIONAL ADVISERS INC | New | 0 | 13 | +13 |
| Linden Thomas Advisory Services, LLC | Reduced | 8.2K | 8.1K | -10 |
| FARMERS & MERCHANTS INVESTMENTS INC | Increased | 15 | 24 | +9 |
| Plante Moran Financial Advisors, LLC | Sold Out | 7 | 0 | -7 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | Increased | 14.9K | 14.9K | +4 |
| Essential Partners LLC | Increased | 290 | 294 | +4 |
13F filings are due 45 days after quarter end and cover long positions in U.S.-listed equities only, so this is a lagged and partial picture: shorts, bonds and foreign listings never appear. Options positions are excluded here rather than folded into the share counts. Political ownership is coming.