3M
1,994 hedge funds and large institutions have $59B invested in 3M in 2020 Q2 according to their latest regulatory filings, with 152 funds opening new positions, 767 increasing their positions, 802 reducing their positions, and 102 closing their positions.
49% more first-time investments, than exits
New positions opened: 152 | Existing positions closed: 102
13% more capital invested
Capital invested by funds: $52.2B → $59B (+$6.8B)
2% more funds holding
Funds holding: 1,958 → 1,994 (+36)
4% less repeat investments, than reductions
Existing positions increased: 767 | Existing positions reduced: 802
1.27% less ownership
Funds ownership: 80% → 78.73% (-1.3%)
13% less funds holding in top 10
Funds holding in top 10: 56 → 49 (-7)
15% less call options, than puts
Call options by funds: $936M | Put options by funds: $1.11B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fisher Asset Management
Camas,
Washington
|
+$660M |
| 2 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
+$142M |
| 3 |
Bank of New York Mellon
New York
|
+$137M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$99.4M |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
+$94.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
-$888M |
| 2 |
BlackRock
New York
|
-$507M |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
-$323M |
| 4 |
Geode Capital Management
Boston,
Massachusetts
|
-$182M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$169M |
MMM Hedge Fund Activity: Q2 2020 in Review
1,994 of the 4,878 institutional investors tracked by Wall St. Rank reported a position in 3M (MMM) for Q2 2020, worth a combined $59B — up 13% from $52.2B a quarter earlier.
Buyers outnumbered sellers: 152 funds opened new MMM positions and 102 closed out — a net gain of 50 holders — while 767 added to existing stakes and 802 trimmed.
The largest buyer was Fisher Asset Management, adding an estimated $660M. The largest seller was Vanguard Group, cutting an estimated $888M.
- 1,994 institutional investors held 3M (MMM) as of Q2 2020, up from 1,958 in Q1 2020.
- Funds reported $59B of 3M stock for Q2 2020, up 13% quarter-over-quarter.
- 152 funds opened new 3M positions in Q2 2020 and 102 closed out, a net change of +50 holders.
- The largest 3M buyer in Q2 2020 was Fisher Asset Management, an estimated $660M added.
- The largest 3M seller in Q2 2020 was Vanguard Group, an estimated $888M sold.
Based on aggregated 13F filings for Q2 2020.