3M
1,623 hedge funds and large institutions have $70.7B invested in 3M in 2016 Q2 according to their latest regulatory filings, with 82 funds opening new positions, 583 increasing their positions, 692 reducing their positions, and 51 closing their positions.
61% more first-time investments, than exits
New positions opened: 82 | Existing positions closed: 51
7% more capital invested
Capital invested by funds: $66B → $70.7B (+$4.63B)
4% more funds holding in top 10
Funds holding in top 10: 131 → 136 (+5)
1% more funds holding
Funds holding: 1,612 → 1,623 (+11)
0.37% more ownership
Funds ownership: 79.32% → 79.7% (+0.37%)
16% less repeat investments, than reductions
Existing positions increased: 583 | Existing positions reduced: 692
30% less call options, than puts
Call options by funds: $558M | Put options by funds: $798M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$139M |
| 2 |
AllianceBernstein
Nashville,
Tennessee
|
+$101M |
| 3 |
JFL
Jarislowsky, Fraser Ltd
Montreal,
Quebec, Canada
|
+$91.5M |
| 4 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
+$88.9M |
| 5 |
BlackRock
New York
|
+$81.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State Street
Boston,
Massachusetts
|
-$138M |
| 2 |
Bank of New York Mellon
New York
|
-$63.2M |
| 3 |
Swedbank
Stockholm,
Sweden
|
-$61.2M |
| 4 |
AAMU
Amundi Asset Management US
Boston,
Massachusetts
|
-$54.3M |
| 5 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
-$49.3M |
MMM Hedge Fund Activity: Q2 2016 in Review
1,623 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in 3M (MMM) for Q2 2016, worth a combined $70.7B — up 7% from $66B a quarter earlier.
Buyers outnumbered sellers: 82 funds opened new MMM positions and 51 closed out — a net gain of 31 holders — while 583 added to existing stakes and 692 trimmed.
The largest buyer was Vanguard Group, adding an estimated $139M. The largest seller was State Street, cutting an estimated $138M.
- 1,623 institutional investors held 3M (MMM) as of Q2 2016, up from 1,612 in Q1 2016.
- Funds reported $70.7B of 3M stock for Q2 2016, up 7% quarter-over-quarter.
- 82 funds opened new 3M positions in Q2 2016 and 51 closed out, a net change of +31 holders.
- The largest 3M buyer in Q2 2016 was Vanguard Group, an estimated $139M added.
- The largest 3M seller in Q2 2016 was State Street, an estimated $138M sold.
Based on aggregated 13F filings for Q2 2016.