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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
HSBC Holdings
26
HSBC Holdings
United Kingdom
$194M -$15.5M -180,508 -7%
ProShare Advisors
27
ProShare Advisors
Maryland
$183M +$7.75M +90,269 +4%
Fidelity Investments
28
Fidelity Investments
Massachusetts
$179M +$45M +524,355 +30%
Massachusetts Financial Services
29
Massachusetts Financial Services
Massachusetts
$175M -$16.9M -196,389 -8%
Sumitomo Mitsui Trust Group
30
Sumitomo Mitsui Trust Group
Japan
$174M -$13.9M -161,950 -7%
Royal Bank of Canada
31
Royal Bank of Canada
Ontario, Canada
$173M +$46.6M +543,171 +33%
Nordea Investment Management
32
Nordea Investment Management
Sweden
$171M +$2.37M +27,579 +1%
Swiss National Bank
33
Swiss National Bank
Switzerland
$166M -$22.3M -259,771 -11%
California Public Employees Retirement System
34
California Public Employees Retirement System
California
$165M +$2.43M +28,335 +1%
PNC Financial Services Group
35
PNC Financial Services Group
Pennsylvania
$157M -$4.62M -53,790 -3%
Neuberger Berman Group
36
Neuberger Berman Group
New York
$155M -$17.3M -201,078 -9%
Citadel Advisors
37
Citadel Advisors
Florida
$146M +$94.4M +1,099,132 +143%
JP Morgan Chase
38
JP Morgan Chase
New York
$140M -$36.3M -423,289 -19%
Prudential Financial
39
Prudential Financial
New Jersey
$139M +$14.2M +165,627 +10%
Amundi
40
Amundi
France
$138M +$69.4M +808,635 +76%
UBS Group
41
UBS Group
Switzerland
$135M -$29.4M -342,517 -17%
Barclays
42
Barclays
United Kingdom
$135M +$34.7M +404,033 +31%
AQR Capital Management
43
AQR Capital Management
Connecticut
$123M -$31.8M -370,810 -19%
Deutsche Bank
44
Deutsche Bank
Germany
$120M -$22M -255,864 -14%
CS
45
Credit Suisse
Switzerland
$113M +$435K +5,067 +0.4%
RhumbLine Advisers
46
RhumbLine Advisers
Massachusetts
$107M -$15.2M -176,728 -11%
Victory Capital Management
47
Victory Capital Management
Texas
$106M -$13.8M -160,976 -11%
National Pension Service
48
National Pension Service
South Korea
$98.6M +$3.32M +38,654 +3%
Bank of Montreal
49
Bank of Montreal
Ontario, Canada
$95.4M +$1.9M +22,165 +2%
AS
50
Altshuler Shaham
Israel
$85.7M -$1.22M -14,160 -1%

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.