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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
LNC
701
Lincoln National Corp
Pennsylvania
$1.37M -$170K -1,996 -11%
FNBOO
702
First National Bank of Omaha
Nebraska
$1.37M -$141K -1,663 -9%
ST
703
Smithfield Trust
Pennsylvania
$1.36M -$102K -1,195 -7%
CFG
704
Citizens Financial Group
Rhode Island
$1.36M -$455K -5,351 -25%
JWCA
705
J.W. Coons Advisors
Ohio
$1.36M -$39.5K -465 -3%
WPC
706
Waters Parkerson & Co
Louisiana
$1.35M -$111K -1,311 -8%
AWA
707
Arete Wealth Advisors
Illinois
$1.35M +$428K +5,039 +45%
SFCL
708
Strengthening Families & Communities LLC
Massachusetts
$1.35M +$319K +3,759 +30%
DJSG
709
D.J. St. Germain
Massachusetts
$1.35M +$1.37M +16,142 New
MNBTD
710
Moody National Bank Trust Division
Texas
$1.34M +$62.3K +733 +5%
VIG
711
Vienna Insurance Group
Poland
$1.34M +$689K +8,113 +103%
IA
712
IFG Advisory
Georgia
$1.34M -$17.1K -201 -1%
LIA
713
LS Investment Advisors
Michigan
$1.33M -$110K -1,299 -8%
DFA
714
Delta Financial Advisors
Louisiana
$1.33M +$150K +1,767 +13%
MIM
715
Miller Investment Management
Pennsylvania
$1.33M
SC
716
Saybrook Capital
North Carolina
$1.32M -$513K -6,040 -28%
SSG
717
Summit Securities Group
New York
$1.32M +$712K +8,383 +113%
LFG
718
Lazard Frères Gestion
France
$1.31M -$505K -5,944 -27%
PFC
719
Poplar Forest Capital
California
$1.31M
RGI
720
River Global Investors
United Kingdom
$1.31M
GIM
721
Grassi Investment Management
California
$1.31M -$102K -1,196 -7%
VI
722
Vestcor Inc
New Brunswick, Canada
$1.3M -$3.82K -45 -0.3%
EFS
723
Essex Financial Services
Connecticut
$1.3M +$130K +1,534 +11%
TMAM
724
Tokio Marine Asset Management
Japan
$1.3M +$336K +3,961 +34%
BFIM
725
Beese Fulmer Investment Management
Ohio
$1.3M -$85.4K -1,005 -6%

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.