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1,878 hedge funds and large institutions have $35.8B invested in 3M in 2023 Q2 according to their latest regulatory filings, with 113 funds opening new positions, 654 increasing their positions, 854 reducing their positions, and 175 closing their positions.

New
Increased
Maintained
Reduced
Closed

5% more funds holding in top 10

Funds holding in top 10: 1920 (+1)

0.45% more ownership

Funds ownership: 78.77%79.22% (+0.45%)

4% less funds holding

Funds holding: 1,9531,878 (-75)

6% less capital invested

Capital invested by funds: $38.1B → $35.8B (-$2.24B)

21% less call options, than puts

Call options by funds: $924M | Put options by funds: $1.18B

23% less repeat investments, than reductions

Existing positions increased: 654 | Existing positions reduced: 854

35% less first-time investments, than exits

New positions opened: 113 | Existing positions closed: 175

Holders
1,878
Holders Change
-75
Holders Change %
-3.84%
% of All Funds
29.48%
Holding in Top 10
20
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+5.26%
% of All Funds
0.31%
New
113
Increased
654
Reduced
854
Closed
175
Calls
$924M
Puts
$1.18B
Net Calls
-$252M
Net Calls Change
-$133M
Name Holding Trade Value Shares
Change
Change in
Stake
MGP
526
Metis Global Partners
California
$2.35M -$140K -1,643 -6%
BC
527
Burney Company
Virginia
$2.34M -$118K -1,391 -5%
CIA
528
Choate Investment Advisors
Massachusetts
$2.32M +$60.6K +713 +3%
OIA
529
OneDigital Investment Advisors
Kansas
$2.3M -$176K -2,072 -7%
PMAM
530
Penn Mutual Asset Management
Pennsylvania
$2.3M
EF
531
Exeter Financial
Arizona
$2.3M +$90.1K +1,061 +4%
WAOTB
532
Wealth Advisors of Tampa Bay
Florida
$2.28M +$2.32M +27,281 New
TC
533
Trilogy Capital
California
$2.28M +$220K +2,586 +11%
TC
534
Truvestments Capital
Florida
$2.27M +$125K +1,475 +6%
BAMF
535
BI Asset Management Fondsmaeglerselskab
Denmark
$2.27M +$39.5K +465 +2%
JCM
536
Jacobi Capital Management
Pennsylvania
$2.27M -$91.1K -1,072 -4%
Wealth Enhancement Advisory Services
537
Wealth Enhancement Advisory Services
Minnesota
$2.27M -$3.79M -44,574 -62%
FNBT
538
FineMark National Bank & Trust
Florida
$2.24M -$47.4K -558 -2%
CLOS
539
Compagnie Lombard Odier SCmA
Switzerland
$2.24M -$86.1K -1,013 -4%
1832 Asset Management
540
1832 Asset Management
Ontario, Canada
$2.23M +$160K +1,889 +8%
AIM
541
ARGA Investment Management
Connecticut
$2.23M
LFG
542
Leverty Financial Group
Wisconsin
$2.22M -$275K -3,235 -11%
EGM
543
Engineers Gate Manager
New York
$2.21M -$8.54M -100,484 -79%
ABC
544
Associated Banc-Corp
Wisconsin
$2.21M -$166K -1,954 -7%
HWAM
545
Hennion & Walsh Asset Management
New Jersey
$2.2M +$12.6K +148 +0.6%
AI
546
Atria Investments
North Carolina
$2.2M -$85.6K -1,008 -4%
GIA
547
Gladstone Institutional Advisory
Florida
$2.19M -$524K -6,167 -19%
Assenagon Asset Management
548
Assenagon Asset Management
Luxembourg
$2.19M -$1.6M -18,885 -42%
RIA
549
Regal Investment Advisors
Michigan
$2.19M +$430K +5,059 +24%
HWM
550
HB Wealth Management
Georgia
$2.19M +$6.29K +74 +0.3%

MMM Hedge Fund Activity: Q2 2023 in Review

1,878 of the 6,370 institutional investors tracked by Wall St. Rank reported a position in 3M (MMM) for Q2 2023, worth a combined $35.8B — down 5.9% from $38.1B a quarter earlier.

Sellers outnumbered buyers: 175 funds closed out of MMM and 113 opened new positions — a net loss of 62 holders — while 854 trimmed existing stakes and 654 added.

The largest buyer was EP Wealth Advisors, adding an estimated $659M. The largest seller was Fisher Asset Management, cutting an estimated $402M.

  • 1,878 institutional investors held 3M (MMM) as of Q2 2023, down from 1,953 in Q1 2023.
  • Funds reported $35.8B of 3M stock for Q2 2023, down 5.9% quarter-over-quarter.
  • 113 funds opened new 3M positions in Q2 2023 and 175 closed out, a net change of -62 holders.
  • The largest 3M buyer in Q2 2023 was EP Wealth Advisors, an estimated $659M added.
  • The largest 3M seller in Q2 2023 was Fisher Asset Management, an estimated $402M sold.

Based on aggregated 13F filings for Q2 2023.