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1,833 hedge funds and large institutions have $33.5B invested in 3M in 2023 Q3 according to their latest regulatory filings, with 134 funds opening new positions, 655 increasing their positions, 782 reducing their positions, and 157 closing their positions.

New
Increased
Maintained
Reduced
Closed

1.88% less ownership

Funds ownership: 79.22%77.34% (-1.9%)

2% less funds holding

Funds holding: 1,8781,833 (-45)

6% less capital invested

Capital invested by funds: $35.8B → $33.5B (-$2.32B)

13% less call options, than puts

Call options by funds: $840M | Put options by funds: $970M

15% less first-time investments, than exits

New positions opened: 134 | Existing positions closed: 157

16% less repeat investments, than reductions

Existing positions increased: 655 | Existing positions reduced: 782

25% less funds holding in top 10

Funds holding in top 10: 2015 (-5)

Holders
1,833
Holders Change
-45
Holders Change %
-2.4%
% of All Funds
29.09%
Holding in Top 10
15
Holding in Top 10 Change
-5
Holding in Top 10 Change %
-25%
% of All Funds
0.24%
New
134
Increased
655
Reduced
782
Closed
157
Calls
$840M
Puts
$970M
Net Calls
-$130M
Net Calls Change
+$122M
Name Holding Trade Value Shares
Change
Change in
Stake
SFS
401
Sowell Financial Services
Arkansas
$3.84M +$167K +1,946 +4%
TWM
402
Tradition Wealth Management
Minnesota
$3.83M -$3K -35 -0.1%
SSA
403
Schonfeld Strategic Advisors
New York
$3.83M +$1.96M +22,815 +88%
BCM
404
Birmingham Capital Management
Alabama
$3.8M +$372K +4,332 +10%
CW
405
Connectus Wealth
Ohio
$3.79M -$260K -3,030 -6%
FNF
406
Fidelity National Financial
Florida
$3.78M
UCFA
407
United Capital Financial Advisors
Texas
$3.77M -$253K -2,944 -6%
CCMINC
408
Cardinal Capital Management Inc (North Carolina)
North Carolina
$3.77M +$190K +2,217 +5%
RFM
409
Royal Fund Management
Florida
$3.76M +$66.5K +775 +2%
CSUI
410
Cincinnati Specialty Underwriters Insurance
Ohio
$3.75M
OC
411
Oppenheimer & Co
New York
$3.74M +$1.68M +19,584 +70%
ATC
412
Argent Trust Co
Tennessee
$3.71M -$2.81M -32,743 -41%
SAM
413
Securian Asset Management
Minnesota
$3.71M -$554K -6,450 -12%
AF
414
Alerus Financial
North Dakota
$3.71M +$4.07M +47,358 New
GIM
415
Greylin Investment Management
Virginia
$3.71M +$1.05M +12,250 +35%
HTC
416
Haverford Trust Company
Pennsylvania
$3.68M -$179K -2,090 -4%
SL
417
Summitry LLC
California
$3.64M +$424K +4,939 +12%
TRCT
418
Tower Research Capital (TRC)
New York
$3.6M -$1.9M -22,148 -32%
STAS
419
Strong Tower Advisory Services
Minnesota
$3.59M +$3.94M +45,912 New
FHA
420
First Horizon Advisors
Tennessee
$3.58M -$14.2M -165,249 -78%
CK
421
Cohen Klingenstein
New York
$3.51M -$220K -2,562 -5%
APP
422
Avantax Planning Partners
Iowa
$3.5M -$632K -7,360 -14%
CGH
423
Crossmark Global Holdings
Texas
$3.49M -$535K -6,227 -12%
HAI
424
Hennessy Advisors Inc
California
$3.49M -$195K -2,272 -5%
WBC
425
Westpac Banking Corp
Australia
$3.48M -$3.45M -40,192 -47%

MMM Hedge Fund Activity: Q3 2023 in Review

1,833 of the 6,302 institutional investors tracked by Wall St. Rank reported a position in 3M (MMM) for Q3 2023, worth a combined $33.5B — down 6.5% from $35.8B a quarter earlier.

Sellers outnumbered buyers: 157 funds closed out of MMM and 134 opened new positions — a net loss of 23 holders — while 782 trimmed existing stakes and 655 added.

The largest buyer was Bank of America, adding an estimated $372M. The largest seller was EP Wealth Advisors, cutting an estimated $666M.

  • 1,833 institutional investors held 3M (MMM) as of Q3 2023, down from 1,878 in Q2 2023.
  • Funds reported $33.5B of 3M stock for Q3 2023, down 6.5% quarter-over-quarter.
  • 134 funds opened new 3M positions in Q3 2023 and 157 closed out, a net change of -23 holders.
  • The largest 3M buyer in Q3 2023 was Bank of America, an estimated $372M added.
  • The largest 3M seller in Q3 2023 was EP Wealth Advisors, an estimated $666M sold.

Based on aggregated 13F filings for Q3 2023.