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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
PI
1051
Pettee Investors
Connecticut
$552K
GCP
1052
Garda Capital Partners
Minnesota
$550K +$604K +7,031 New
DI
1053
DFPG Investments
Utah
$549K +$165K +1,917 +37%
ANBT
1054
American National Bank & Trust
Texas
$549K +$442K +5,149 +276%
JWM
1055
Jeppson Wealth Management
California
$545K +$202K +2,355 +51%
PIM
1056
Progressive Investment Management
Oregon
$545K
AWM
1057
Aries Wealth Management
Maine
$543K -$16.4K -191 -3%
TBA
1058
Tower Bridge Advisors
Pennsylvania
$541K -$460K -5,358 -44%
ACS
1059
Archford Capital Strategies
Illinois
$539K -$3.35K -39 -0.6%
ICG
1060
InterOcean Capital Group
Tennessee
$538K -$21.4K -249 -3%
UAS
1061
United Asset Strategies
New York
$537K +$251K +2,927 +74%
HFAS
1062
Hummer Financial Advisory Services
Illinois
$537K
FFWA
1063
FRG Family Wealth Advisors
Washington
$536K +$588K +6,853 New
DFCM
1064
Dark Forest Capital Management
Puerto Rico
$535K +$587K +6,834 New
BWS
1065
Buck Wealth Strategies
Colorado
$532K +$518K +6,034 +797%
MCC
1066
Malaga Cove Capital
California
$531K -$2.32K -27 -0.4%
IGAM
1067
iA Global Asset Management
Quebec, Canada
$531K +$202K +2,358 +53%
SAM
1068
SP Asset Management
California
$529K -$6.01K -70 -1%
MAM
1069
Mastrapasqua Asset Management
Tennessee
$529K +$11.2K +130 +2%
TNB
1070
Thomasville National Bank
Georgia
$526K -$20K -233 -3%
AWC
1071
Abundance Wealth Counselors
Pennsylvania
$525K +$49.7K +579 +9%
MIC
1072
Meridian Investment Counsel
California
$524K -$33.4K -389 -5%
TAM
1073
Tocqueville Asset Management
New York
$524K -$80.9K -942 -12%
SWM
1074
Sendero Wealth Management
Texas
$522K
CCWM
1075
Cassaday & Co Wealth Management
Virginia
$522K +$19.5K +227 +4%

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.