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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
PFPT
626
Pinnacle Financial Partners (Tennessee)
Tennessee
$1.71M -$52.5K -611 -3%
DT
627
Diversified Trust
Tennessee
$1.71M -$191K -2,228 -9%
ClearBridge Investments
628
ClearBridge Investments
New York
$1.7M -$43.1K -502 -2%
EWM
629
Evercore Wealth Management
New York
$1.7M -$215K -2,500 -10%
PAIM
630
Punch & Associates Investment Management
Minnesota
$1.7M +$24.9K +290 +1%
FPFS
631
First Personal Financial Services
North Carolina
$1.69M +$1.59M +18,526 +600%
CC
632
Courier Capital
New York
$1.68M -$57.5K -670 -3%
KIC
633
Keating Investment Counselors
Florida
$1.68M +$7.73K +90 +0.4%
BOCM
634
Bontempo Ohly Capital Management
Maryland
$1.68M +$14.3K +166 +0.8%
SCM
635
Stevens Capital Management
Pennsylvania
$1.68M +$1.37M +15,998 +295%
CI Investments Inc
636
CI Investments Inc
Ontario, Canada
$1.67M +$50.7K +591 +3%
AAM
637
Azzad Asset Management
Virginia
$1.66M -$33.4K -389 -2%
AWM
638
Apollon Wealth Management
South Carolina
$1.65M -$37.8K -440 -2%
AC
639
Abbrea Capital
California
$1.64M -$28.8K -335 -2%
UCI
640
Uncommon Cents Investing
Wisconsin
$1.63M +$185K +2,159 +12%
NMIMC
641
Northwestern Mutual Investment Management Company
Wisconsin
$1.63M +$2.06K +24 +0.1%
DWM
642
Dakota Wealth Management
Florida
$1.62M -$320K -3,724 -15%
VIG
643
Vienna Insurance Group
Poland
$1.61M +$396K +4,607 +29%
BFG
644
Bleakley Financial Group
New Jersey
$1.59M -$131K -1,522 -7%
MPPW
645
Mitchell & Pahl Private Wealth
Oklahoma
$1.59M +$151K +1,753 +9%
LTAS
646
Linden Thomas Advisory Services
North Carolina
$1.58M +$881K +10,257 +103%
RPC
647
Rossmore Private Capital
Connecticut
$1.58M
SIC
648
Shoker Investment Counsel
Ohio
$1.57M +$571K +6,651 +50%
MCM
649
Mill Capital Management
North Carolina
$1.56M -$229K -2,670 -12%
RBC
650
Romano Brothers & Co
Illinois
$1.56M +$475K +5,528 +38%

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.