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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
VNA
776
Valley National Advisers
Pennsylvania
$1.13M -$60.1K -708 -5%
LNWWM
777
Laird Norton Wetherby Wealth Management
California
$1.13M -$266K -3,134 -19%
PH
778
Pinnacle Holdings
Oklahoma
$1.13M -$7.14K -84 -0.6%
BTI
779
Blue Trust Inc
Georgia
$1.13M -$2.15M -25,277 -66%
SL
780
Sentry LLC
Tennessee
$1.12M +$170 +2 +0%
WJWM
781
Williams Jones Wealth Management
New York
$1.12M -$73.4K -864 -6%
SIC
782
Shoker Investment Counsel
Ohio
$1.12M +$53.6K +631 +5%
ZIC
783
ZWJ Investment Counsel
Georgia
$1.12M -$91.3K -1,075 -7%
PWP
784
Private Wealth Partners
California
$1.12M -$86.1K -1,013 -7%
CFA
785
Cahill Financial Advisors
Minnesota
$1.11M -$95.7K -1,127 -8%
RAM
786
Redmond Asset Management
Virginia
$1.11M -$18K -212 -2%
MWM
787
Meridian Wealth Management
Kentucky
$1.11M +$765 +9 +0.1%
ERIM
788
Eagle Ridge Investment Management
Connecticut
$1.11M
FTC
789
Farmers Trust Company
Ohio
$1.1M +$29.5K +347 +3%
RIL
790
Rothschild Investment LLC
Illinois
$1.1M +$9.43K +111 +0.8%
LWAM
791
Legacy Wealth Asset Management
Minnesota
$1.1M -$59K -695 -5%
BCFD
792
Boit C.F. David
$1.1M
PAM
793
Panagora Asset Management
Massachusetts
$1.09M -$12.9M -151,684 -92%
OQS
794
Occudo Quantitative Strategies
Florida
$1.09M -$5.1M -60,072 -82%
MIP
795
Marietta Investment Partners
Wisconsin
$1.09M
PAG
796
Private Advisory Group
Washington
$1.09M -$376K -4,423 -25%
NSIM
797
North Star Investment Management
Illinois
$1.09M
FTDI
798
First Trust Direct Indexing
Massachusetts
$1.08M -$5.18K -61 -0.5%
BA
799
Ballast Advisors
Minnesota
$1.07M -$122K -1,431 -10%
LDB
800
Lee, Danner & Bass
Tennessee
$1.07M -$22.6K -266 -2%

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.