3M
MMM
1,315 hedge funds and large institutions have $56B invested in 3M in 2013 Q3 according to their latest regulatory filings, with 71 funds opening new positions, 441 increasing their positions, 584 reducing their positions, and 61 closing their positions.
16% more first-time investments, than exits
New positions opened: 71 | Existing positions closed: 61
12% more funds holding in top 10
Funds holding in top 10: 106 → 119 (+13)
7% more capital invested
Capital invested by funds: $52.6B → $56B (+$3.45B)
0% less funds holding
Funds holding: 1,317 → 1,315 (-2)
1.08% less ownership
Funds ownership: 83.06% → 81.98% (-1.1%)
21% less call options, than puts
Call options by funds: $558M | Put options by funds: $704M
24% less repeat investments, than reductions
Existing positions increased: 441 | Existing positions reduced: 584
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCIM
TIAA CREF Investment Management
New York
|
+$183M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$122M |
| 3 |
BNP Paribas Financial Markets
Paris,
France
|
+$108M |
| 4 |
JHIU
Janus Henderson Investors US
Denver,
Colorado
|
+$68.7M |
| 5 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
+$66M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LP
Longview Partners
St Peter Port,
Guernsey
|
-$452M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$396M |
| 3 |
FMI
Fiduciary Management Inc
Milwaukee,
Wisconsin
|
-$274M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
-$230M |
| 5 |
State Street
Boston,
Massachusetts
|
-$125M |
MMM Hedge Fund Activity: Q3 2013 in Review
1,315 of the 3,085 institutional investors tracked by Wall St. Rank reported a position in 3M (MMM) for Q3 2013, worth a combined $56B — up 6.6% from $52.6B a quarter earlier.
Buyers outnumbered sellers: 71 funds opened new MMM positions and 61 closed out — a net gain of 10 holders — while 441 added to existing stakes and 584 trimmed.
The largest buyer was TIAA CREF Investment Management, adding an estimated $183M. The largest seller was Longview Partners, exiting entirely with an estimated $452M sold.
- 1,315 institutional investors held 3M (MMM) as of Q3 2013, down from 1,317 in Q2 2013.
- Funds reported $56B of 3M stock for Q3 2013, up 6.6% quarter-over-quarter.
- 71 funds opened new 3M positions in Q3 2013 and 61 closed out, a net change of +10 holders.
- The largest 3M buyer in Q3 2013 was TIAA CREF Investment Management, an estimated $183M added.
- The largest 3M seller in Q3 2013 was Longview Partners, an estimated $452M sold.
Based on aggregated 13F filings for Q3 2013.