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3M
MMM

1,939 hedge funds and large institutions have $37.9B invested in 3M in 2024 Q1 according to their latest regulatory filings, with 148 funds opening new positions, 727 increasing their positions, 819 reducing their positions, and 167 closing their positions.

New
Increased
Maintained
Reduced
Closed

41% more call options, than puts

Call options by funds: $1.18B | Put options by funds: $833M

1.64% less ownership

Funds ownership: 79.54% → 77.9% (-1.6%)

2% less funds holding

Funds holding: 1,979 → 1,939 (-40)

6% less capital invested

Capital invested by funds: $40.2B → $37.9B (-$2.34B)

11% less repeat investments, than reductions

Existing positions increased: 727 | Existing positions reduced: 819

11% less first-time investments, than exits

New positions opened: 148 | Existing positions closed: 167

13% less funds holding in top 10

Funds holding in top 10: 24 → 21 (-3)

Holders
1,939
Holders Change
-40
Holders Change %
-2.02%
% of All Funds
27.93%
Holding in Top 10
21
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-12.5%
% of All Funds
0.3%
New
148
Increased
727
Reduced
819
Closed
167
Calls
$1.18B
Puts
$833M
Net Calls
+$343M
Net Calls Change
+$162M

Top Buyers

Rank Fund Capital Flow
1
Millennium Management
Millennium Management
New York
+$307M
2
Capital World Investors
Capital World Investors
California
+$155M
3
Barclays
Barclays
United Kingdom
+$136M
4
Goldman Sachs
Goldman Sachs
New York
+$130M
5
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$130M

Top Sellers

Rank Fund Capital Flow
1
Charles Schwab
Charles Schwab
California
-$849M
2
Morgan Stanley
Morgan Stanley
New York
-$493M
3
Flossbach Von Storch
Flossbach Von Storch
Germany
-$430M
4
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
-$197M
5
State Street
State Street
Massachusetts
-$185M
Name Holding Trade Value Shares
Change 		Change in
Stake
Nordea Investment Management
26
Nordea Investment Management
Sweden
$229M +$16.3M +196,426 +8%
T. Rowe Price Associates
27
T. Rowe Price Associates
Maryland
$225M -$72.2M -870,211 -25%
AQR Capital Management
28
AQR Capital Management
Connecticut
$225M +$70.2M +847,039 +50%
Royal Bank of Canada
29
Royal Bank of Canada
Ontario, Canada
$213M -$1.39M -16,784 -0.7%
ProShare Advisors
30
ProShare Advisors
Maryland
$213M +$3.6M +43,426 +2%
N
31
Nuveen
North Carolina
$207M -$127M -1,534,042 -40%
Dimensional Fund Advisors
32
Dimensional Fund Advisors
Texas
$205M -$98.8M -1,191,852 -34%
HSBC Holdings
33
HSBC Holdings
United Kingdom
$198M -$50.3M -606,154 -21%
Balyasny Asset Management
34
Balyasny Asset Management
Illinois
$196M -$79.6M -959,855 -30%
California Public Employees Retirement System
35
California Public Employees Retirement System
California
$181M -$3.52M -42,457 -2%
Swiss National Bank
36
Swiss National Bank
Switzerland
$175M -$7.15M -86,231 -4%
Alyeska Investment Group
37
Alyeska Investment Group
Illinois
$174M +$105M +1,268,303 +182%
Marshall Wace
38
Marshall Wace
United Kingdom
$169M +$37.8M +456,381 +31%
Prudential Financial
39
Prudential Financial
New Jersey
$168M +$17.9M +215,547 +13%
Capital World Investors
40
Capital World Investors
California
$166M +$155M +1,871,585 New
Sumitomo Mitsui Trust Group
41
Sumitomo Mitsui Trust Group
Japan
$165M -$7.5M -90,472 -4%
PNC Financial Services Group
42
PNC Financial Services Group
Pennsylvania
$164M -$6.89M -83,053 -4%
Renaissance Technologies
43
Renaissance Technologies
New York
$157M +$66.9M +807,282 +84%
Holocene Advisors
44
Holocene Advisors
New York
$153M +$62.1M +749,066 +77%
Deutsche Bank
45
Deutsche Bank
Germany
$150M +$4.71M +56,814 +3%
Voloridge Investment Management
46
Voloridge Investment Management
Florida
$149M +$44.9M +540,970 +48%
National Bank of Canada
47
National Bank of Canada
Quebec, Canada
$147M +$101M +1,221,642 +218%
Schroder Investment Management Group
48
Schroder Investment Management Group
United Kingdom
$146M +$2.81M +33,896 +2%
Point72 Asset Management
49
Point72 Asset Management
Connecticut
$144M -$1.72M -20,719 -1%
Flossbach Von Storch
50
Flossbach Von Storch
Germany
$143M -$430M -5,181,067 -76%
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MMM Hedge Fund Activity: Q1 2024 in Review

1,939 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in 3M (MMM) for Q1 2024, worth a combined $37.9B — down 5.8% from $40.2B a quarter earlier.

Sellers outnumbered buyers: 167 funds closed out of MMM and 148 opened new positions — a net loss of 19 holders — while 819 trimmed existing stakes and 727 added.

The largest buyer was Millennium Management, adding an estimated $307M. The largest seller was Charles Schwab, cutting an estimated $849M.

  • 1,939 institutional investors held 3M (MMM) as of Q1 2024, down from 1,979 in Q4 2023.
  • Funds reported $37.9B of 3M stock for Q1 2024, down 5.8% quarter-over-quarter.
  • 148 funds opened new 3M positions in Q1 2024 and 167 closed out, a net change of -19 holders.
  • The largest 3M buyer in Q1 2024 was Millennium Management, an estimated $307M added.
  • The largest 3M seller in Q1 2024 was Charles Schwab, an estimated $849M sold.

Based on aggregated 13F filings for Q1 2024.