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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
BSW
501
Buckingham Strategic Wealth
Missouri
$2.58M -$161K -1,871 -5%
RA
502
Royce & Associates
New York
$2.57M
CWM
503
Concentric Wealth Management
California
$2.57M +$135K +1,572 +5%
QPBE
504
Quintet Private Bank (Europe)
Luxembourg
$2.53M -$104K -1,207 -4%
1SB
505
1ST Source Bank
Indiana
$2.53M -$46.1K -537 -2%
AIMCA
506
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$2.52M -$2.99M -34,816 -52%
DWT
507
Dorsey & Whitney Trust
South Dakota
$2.52M -$14.3K -166 -0.5%
GS
508
GTS Securities
New York
$2.52M -$704K -8,198 -20%
BCWM
509
Bartlett & Co Wealth Management
Ohio
$2.5M -$121K -1,413 -4%
BC
510
Bartlett & Co
Ohio
$2.5M -$121K -1,413 -4%
LBC
511
Lowe Brockenbrough & Co
Virginia
$2.46M -$228K -2,661 -8%
WI
512
WBI Investments
New Jersey
$2.44M -$407K -4,741 -13%
BCP
513
Blackhawk Capital Partners
Wisconsin
$2.43M -$69.8K -813 -3%
NSAM
514
North Star Asset Management
Wisconsin
$2.4M -$60.1K -700 -2%
LFG
515
Leverty Financial Group
Wisconsin
$2.4M +$348K +4,054 +15%
WAM
516
WFA Asset Management
Wisconsin
$2.38M +$40.2K +468 +2%
PP
517
Patten & Patten
Tennessee
$2.37M -$118K -1,372 -4%
AI
518
Atria Investments
North Carolina
$2.37M +$339K +3,951 +15%
HSA
519
Hussman Strategic Advisors
Maryland
$2.36M -$616K -7,176 -19%
SFP
520
Sweet Financial Partners
Minnesota
$2.34M +$172 +2 +0%
B
521
Bellecapital
Switzerland
$2.33M -$83.9K -977 -3%
RVM
522
Robinson Value Management
Texas
$2.32M +$2.2M +25,635 +640%
LA
523
Lynch & Associates
Indiana
$2.32M -$55.5K -646 -2%
PP
524
Prudential plc
United Kingdom
$2.31M -$5.54M -64,467 -69%
SPC
525
Sigma Planning Corp
Michigan
$2.31M -$412K -4,804 -14%

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.