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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
PH
826
Pinnacle Holdings
Oklahoma
$953K -$111K -1,295 -10%
ECM
827
Evergreen Capital Management
Washington
$952K +$392K +4,562 +60%
FDS
828
First Dallas Securities
Texas
$945K +$1.04M +12,072 New
GWM
829
Geneos Wealth Management
Colorado
$938K -$17.3K -201 -2%
EM
830
Excalibur Management
Massachusetts
$934K +$21.9K +255 +2%
LDB
831
Lee, Danner & Bass
Tennessee
$928K -$76.2K -888 -7%
NIM
832
NEOS Investment Management
Connecticut
$924K +$1.01M +11,805 New
BFG
833
Berger Financial Group
Minnesota
$922K +$87.5K +1,019 +9%
IF
834
Intrua Financial
Texas
$919K -$38.6K -450 -4%
DCM
835
Delta Capital Management
New Jersey
$918K -$30.8K -359 -3%
GFA
836
Gifford Fong Associates
California
$913K
NIM
837
Northeast Investment Management
Massachusetts
$900K -$257K -2,996 -21%
NSIM
838
North Star Investment Management
Illinois
$892K -$137K -1,594 -12%
NP
839
NorthRock Partners
Minnesota
$891K +$308K +3,593 +46%
WAP
840
Wealthcare Advisory Partners
Pennsylvania
$889K +$532K +6,191 +120%
GD
841
Grandfield & Dodd
New York
$883K -$192K -2,235 -17%
EHC
842
Everett Harris & Co
California
$882K -$19.5K -227 -2%
RMDI
843
R.M. Davis Inc
Maine
$880K -$355K -4,134 -27%
BCM
844
Beddow Capital Management
Wyoming
$880K -$45.9K -534 -5%
CSPIA
845
Cary Street Partners Investment Advisory
Virginia
$878K -$372K -4,333 -28%
RCG
846
Regatta Capital Group
California
$878K -$12.8K -149 -1%
RAM
847
Redmond Asset Management
Virginia
$877K -$173K -2,011 -15%
USCWA
848
U.S. Capital Wealth Advisors
Texas
$875K +$96.4K +1,123 +11%
PTC
849
Petrus Trust Company
Texas
$874K +$958K +11,162 New
CG
850
Caprock Group
Idaho
$866K +$345K +4,015 +57%

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.