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1,952 hedge funds and large institutions have $38.1B invested in 3M in 2023 Q1 according to their latest regulatory filings, with 134 funds opening new positions, 748 increasing their positions, 814 reducing their positions, and 221 closing their positions.

New
Increased
Maintained
Reduced
Closed

8% less repeat investments, than reductions

Existing positions increased: 748 | Existing positions reduced: 814

1.04% less ownership

Funds ownership: 79.8%78.77% (-1%)

6% less funds holding

Funds holding: 2,0841,952 (-132)

12% less call options, than puts

Call options by funds: $886M | Put options by funds: $1B

16% less capital invested

Capital invested by funds: $45.3B → $38.1B (-$7.25B)

17% less funds holding in top 10

Funds holding in top 10: 2319 (-4)

39% less first-time investments, than exits

New positions opened: 134 | Existing positions closed: 221

Holders
1,952
Holders Change
-132
Holders Change %
-6.33%
% of All Funds
31.11%
Holding in Top 10
19
Holding in Top 10 Change
-4
Holding in Top 10 Change %
-17.39%
% of All Funds
0.3%
New
134
Increased
748
Reduced
814
Closed
221
Calls
$886M
Puts
$1B
Net Calls
-$119M
Net Calls Change
-$187M
Name Holding Trade Value Shares
Change
Change in
Stake
CCP
701
Clough Capital Partners
Massachusetts
$1.58M
RC
702
RBF Capital
California
$1.58M +$1.69M +17,940 New
TCA
703
Transcend Capital Advisors
New Jersey
$1.57M +$188K +1,989 +13%
ACP
704
Aviance Capital Partners
Florida
$1.57M +$19.4K +206 +1%
RMDI
705
R.M. Davis Inc
Maine
$1.57M -$175K -1,851 -9%
RPC
706
Rossmore Private Capital
Connecticut
$1.56M -$11.3K -120 -0.7%
BFO
707
Biltmore Family Office
North Carolina
$1.55M +$660 +7 +0%
Kovitz Investment Group Partners
708
Kovitz Investment Group Partners
Illinois
$1.54M +$58.7K +622 +4%
CS
709
Crescent Sterling
Louisiana
$1.54M +$62.7K +665 +4%
WPC
710
Waters Parkerson & Co
Louisiana
$1.53M -$29.1K -309 -2%
DEM
711
Disciplined Equity Management
Florida
$1.53M +$844K +8,947 +105%
ST
712
Smithfield Trust
Pennsylvania
$1.53M +$62K +657 +4%
PAG
713
Private Advisory Group
Washington
$1.53M +$383K +4,062 +30%
CI
714
Ceera Investments
Texas
$1.52M +$181K +1,915 +12%
BA
715
Bristlecone Advisors
Washington
$1.52M +$275K +2,912 +20%
MPPW
716
Mitchell & Pahl Private Wealth
Oklahoma
$1.52M +$128K +1,360 +9%
LIA
717
LS Investment Advisors
Michigan
$1.52M -$322K -3,419 -17%
AG
718
AIA Group
Hong Kong
$1.51M +$552K +5,849 +52%
CB
719
Community Bank
New York
$1.51M -$451K -4,784 -22%
HH
720
Hilltop Holdings
Texas
$1.5M +$192K +2,038 +14%
BAM
721
Belpointe Asset Management
Nevada
$1.5M -$109K -1,154 -5%
BFA
722
Buttonwood Financial Advisors
Maryland
$1.49M +$561K +5,953 +54%
IMOV
723
Investment Management of Virginia
Virginia
$1.48M -$608K -6,445 -28%
GIM
724
Grassi Investment Management
California
$1.48M
CWM
725
C2C Wealth Management
Arizona
$1.48M +$582K +6,172 +57%

MMM Hedge Fund Activity: Q1 2023 in Review

1,952 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in 3M (MMM) for Q1 2023, worth a combined $38.1B — down 16% from $45.3B a quarter earlier.

Sellers outnumbered buyers: 221 funds closed out of MMM and 134 opened new positions — a net loss of 87 holders — while 814 trimmed existing stakes and 748 added.

The largest buyer was Vanguard Group, adding an estimated $165M. The largest seller was Massachusetts Financial Services, cutting an estimated $345M.

  • 1,952 institutional investors held 3M (MMM) as of Q1 2023, down from 2,084 in Q4 2022.
  • Funds reported $38.1B of 3M stock for Q1 2023, down 16% quarter-over-quarter.
  • 134 funds opened new 3M positions in Q1 2023 and 221 closed out, a net change of -87 holders.
  • The largest 3M buyer in Q1 2023 was Vanguard Group, an estimated $165M added.
  • The largest 3M seller in Q1 2023 was Massachusetts Financial Services, an estimated $345M sold.

Based on aggregated 13F filings for Q1 2023.