Terry Smith’s 3M MMM Stock Holding History

Terry Smith’s Portfolio MMM Stock Details MMM Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2019 Q3	–	Sell	-4,221,510	Closed	-$612M	–	32
2019 Q2	$612M	Sell	4,221,510 -8,472	-0.2%	-$1.3M	3.19%	16
2019 Q1	$735M	Buy	4,229,982 +59,843	+1%	+$10.1M	4.18%	15
2018 Q4	$735M	Hold	4,170,139	–	–	4.66%	14
2018 Q3	$735M	Buy	4,170,139 +105,925	+3%	+$18.2M	4.93%	14
2018 Q2	$668M	Buy	4,064,214 +832,129	+26%	+$142M	4.98%	14
2018 Q1	$593M	Buy	3,232,085 +15,299	+0.5%	+$3.03M	4.89%	14
2017 Q4	$633M	Buy	3,216,786 +88,141	+3%	+$17M	5.43%	12
2017 Q3	$548M	Buy	3,128,645 +552,383	+21%	+$95.7M	5.31%	11
2017 Q2	$448M	Buy	2,576,262 +238,861	+10%	+$39.9M	4.7%	14
2017 Q1	$374M	Sell	2,337,401 -7,407	-0.3%	-$1.14M	4.34%	15
2016 Q4	$350M	Sell	2,344,808 -9,580	-0.4%	-$1.38M	4.61%	15
2016 Q3	$347M	Buy	2,354,388 +38,333	+2%	+$5.72M	4.74%	14
2016 Q2	$339M	Buy	2,316,055 +517,850	+29%	+$73M	5.37%	12
2016 Q1	$251M	Hold	1,798,205	–	–	5.39%	12
2015 Q4	$226M	Hold	1,798,205	–	–	5.69%	9
2015 Q3	$213M	Buy	1,798,205 +314,034	+21%	+$38.6M	6.5%	8
2015 Q2	$191M	Buy	1,484,171 +382,838	+35%	+$51.3M	6.03%	10
2015 Q1	$151M	Buy	1,101,333 +65,041	+6%	+$8.96M	4.89%	13
2014 Q4	$142M	Buy	1,036,292 +23,693	+2%	+$3.04M	5.08%	12
2014 Q3	$120M	Buy	1,012,599 +13,824	+1%	+$1.66M	5.13%	11
2014 Q2	$120M	Hold	998,775	–	–	5.52%	11
2014 Q1	$113M	Hold	998,775	–	–	5.94%	10
2013 Q4	$117M	Hold	998,775	–	–	7.27%	6
2013 Q3	$99.7M	Hold	998,775	–	–	6.64%	7
2013 Q2	$91.3M	Buy	+998,775	New	+$90.7M	6.42%	8

Other funds holding MMM

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

State Farm Mutual Automobile Insurance Bloomington, Illinois $146B AUM 55.73% 1-Year Est. Return

Massachusetts Financial Services Boston, Massachusetts $315B AUM 27.84% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.88T AUM 44.46% 1-Year Est. Return

Northern Trust Chicago, Illinois $860B AUM 41.15% 1-Year Est. Return

Wells Fargo San Francisco, California $617B AUM 30.33% 1-Year Est. Return

Franklin Resources San Mateo, California $462B AUM 39.16% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.55T AUM 33.47% 1-Year Est. Return

Terry Smith's MMM Position: Q3 2019 in Review

Terry Smith sold out of 3M (MMM) in Q3 2019, closing a stake of 4,221,510 shares — an estimated $612M sold.

Terry Smith first reported a position in MMM in Q2 2013 and held it in 25 quarters. The position peaked at $735M in Q1 2019. 1,901 funds tracked by Wall St. Rank hold MMM as of Q3 2019.

Terry Smith reported no remaining 3M position as of Q3 2019 after selling out during the quarter.
Terry Smith sold 4,221,510 3M shares in Q3 2019, an estimated $612M.
Terry Smith first reported a position in 3M in Q2 2013 and held it in 25 quarters.
Terry Smith's 3M position peaked at $735M in Q1 2019.
1,901 funds tracked by Wall St. Rank held 3M as of Q3 2019.

Based on Fundsmith LLP's 13F filing for Q3 2019, filed 12 Nov 2019.