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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
SCP
801
Sandhill Capital Partners
New York
$1.01M -$92.4K -1,076 -8%
CAC
802
Core Alternative Capital
Georgia
$1.01M -$2.31M -26,904 -68%
WJWM
803
Williams Jones Wealth Management
New York
$1M -$47.7K -555 -4%
AF
804
Affiance Financial
Minnesota
$1M -$177K -2,066 -14%
EWA
805
EP Wealth Advisors
California
$1M -$666M -7,756,726 -100%
IA
806
IFP Advisors
Florida
$998K +$6.87K +80 +0.6%
PA
807
Profund Advisors
Maryland
$995K +$343 +4 +0%
BCFD
808
Boit C.F. David
$992K
LWAM
809
Legacy Wealth Asset Management
Minnesota
$991K -$44.6K -519 -4%
GC
810
Gratus Capital
Georgia
$989K +$65.2K +759 +6%
FTDI
811
First Trust Direct Indexing
Massachusetts
$986K -$24.1K -281 -2%
I
812
InceptionR
California
$978K +$107K +1,241 +11%
CWM
813
Cahaba Wealth Management
Georgia
$978K +$1.07M +12,497 New
PWP
814
Private Wealth Partners
California
$978K -$71.9K -837 -6%
BA
815
Ballast Advisors
Minnesota
$974K -$30.7K -357 -3%
CIC
816
Carnegie Investment Counsel
Ohio
$973K +$4.89K +57 +0.5%
GSC
817
G&S Capital
Colorado
$972K -$6.96K -81 -0.6%
BSB
818
Bangor Savings Bank
Maine
$972K +$33.1K +385 +3%
CFA
819
Cahill Financial Advisors
Minnesota
$971K -$75K -873 -7%
VNA
820
Valley National Advisers
Pennsylvania
$969K -$94.8K -1,104 -8%
SL
821
Sentry LLC
Tennessee
$967K -$90.2K -1,050 -8%
FA
822
Financial Advantage
Maryland
$965K -$670K -7,809 -39%
CWM
823
Congress Wealth Management
Massachusetts
$957K -$38.1K -444 -4%
ZIC
824
ZWJ Investment Counsel
Georgia
$957K -$99.1K -1,154 -9%
BAM
825
Brave Asset Management
New Jersey
$956K -$34.9K -406 -3%

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.