3M
1,980 hedge funds and large institutions have $40.2B invested in 3M in 2023 Q4 according to their latest regulatory filings, with 285 funds opening new positions, 575 increasing their positions, 896 reducing their positions, and 114 closing their positions.
150% more first-time investments, than exits
New positions opened: 285 | Existing positions closed: 114
60% more funds holding in top 10
Funds holding in top 10: 15 → 24 (+9)
22% more call options, than puts
Call options by funds: $1.01B | Put options by funds: $826M
20% more capital invested
Capital invested by funds: $33.5B → $40.2B (+$6.69B)
8% more funds holding
Funds holding: 1,833 → 1,980 (+147)
2.2% more ownership
Funds ownership: 77.34% → 79.54% (+2.2%)
36% less repeat investments, than reductions
Existing positions increased: 575 | Existing positions reduced: 896
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Pacer Advisors
Malvern,
Pennsylvania
|
+$337M |
| 2 |
Morgan Stanley
New York
|
+$268M |
| 3 |
BlackRock
New York
|
+$210M |
| 4 |
Balyasny Asset Management
Chicago,
Illinois
|
+$193M |
| 5 |
Point72 Asset Management
Stamford,
Connecticut
|
+$132M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$352M |
| 2 |
Bank of New York Mellon
New York
|
-$137M |
| 3 |
VanEck Associates
New York
|
-$123M |
| 4 |
First Trust Advisors
Wheaton,
Illinois
|
-$108M |
| 5 |
AS
Altshuler Shaham
Tel Aviv,
Israel
|
-$85.7M |
MMM Hedge Fund Activity: Q4 2023 in Review
1,980 of the 6,860 institutional investors tracked by Wall St. Rank reported a position in 3M (MMM) for Q4 2023, worth a combined $40.2B — up 20% from $33.5B a quarter earlier.
Buyers outnumbered sellers: 285 funds opened new MMM positions and 114 closed out — a net gain of 171 holders — while 575 added to existing stakes and 896 trimmed.
The largest buyer was Pacer Advisors, adding an estimated $337M. The largest seller was Bank of America, cutting an estimated $352M.
- 1,980 institutional investors held 3M (MMM) as of Q4 2023, up from 1,833 in Q3 2023.
- Funds reported $40.2B of 3M stock for Q4 2023, up 20% quarter-over-quarter.
- 285 funds opened new 3M positions in Q4 2023 and 114 closed out, a net change of +171 holders.
- The largest 3M buyer in Q4 2023 was Pacer Advisors, an estimated $337M added.
- The largest 3M seller in Q4 2023 was Bank of America, an estimated $352M sold.
Based on aggregated 13F filings for Q4 2023.