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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
PG
951
Proffitt & Goodson
Tennessee
$703K +$233K +2,714 +43%
DBIA
952
Dumont & Blake Investment Advisors
New Jersey
$701K +$61.9K +721 +9%
ECM
953
Elgethun Capital Management
South Dakota
$701K +$5.75K +67 +0.7%
MGWM
954
Marks Group Wealth Management
Minnesota
$701K +$86 +1 +0%
HWM
955
HighMark Wealth Management
Minnesota
$701K -$2.06K -24 -0.3%
ET
956
Equitable Trust
Tennessee
$701K +$65.9K +768 +9%
HI
957
Hudock Inc
Pennsylvania
$699K -$35.9K -418 -4%
LA
958
Legacy Advisors
Pennsylvania
$699K +$767K +8,931 New
SSB
959
Sandy Spring Bank
Maryland
$699K -$180K -2,097 -19%
CIM
960
CIM Investment Management
Pennsylvania
$696K -$19.4K -226 -2%
FIM
961
Fruth Investment Management
Texas
$689K -$5.07K -59 -0.7%
RIA
962
Realta Investment Advisors
Delaware
$686K -$12K -140 -2%
RC
963
Roundview Capital
New Jersey
$686K -$21.6K -251 -3%
TFM
964
TFC Financial Management
Massachusetts
$683K -$9.45K -110 -1%
CWM
965
Cornerstone Wealth Management
Missouri
$682K +$196K +2,277 +35%
Aristotle Capital Management
966
Aristotle Capital Management
California
$680K
JFA
967
JNBA Financial Advisors
Minnesota
$679K -$8.67K -101 -1%
GWAM
968
Guardian Wealth Advisors (Minnesota)
Minnesota
$679K -$39K -454 -5%
LIA
969
Luken Investment Analytics
Tennessee
$678K
HSA
970
HBK Sorce Advisory
Pennsylvania
$678K -$149K -1,736 -17%
BWP
971
Baldwin Wealth Partners
Massachusetts
$677K -$18K -210 -2%
CLOS
972
Compagnie Lombard Odier SCmA
Switzerland
$675K -$1.56M -18,122 -68%
SWK
973
Stephen W. Kidder
$674K -$15.5K -180 -2%
LJAC
974
L.J. Altfest & Co
New York
$672K +$14.5K +169 +2%
ISWM
975
Independent Solutions Wealth Management
New York
$668K +$185K +2,151 +34%

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.