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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
BST
1101
Bath Savings Trust
Maine
$500K -$30.8K -359 -5%
WB
1102
Webster Bank
Connecticut
$499K -$17.4K -203 -3%
XT
1103
XTX Topco
Cayman Islands
$499K -$1.39M -16,131 -72%
PP
1104
Pacifica Partners
Canada
$497K +$6.01K +70 +1%
SHFA
1105
SS&H Financial Advisors
Michigan
$495K +$543K +6,327 New
WAAG
1106
Wealth Alliance Advisory Group
Kansas
$495K +$3.61K +42 +0.7%
AWA
1107
Arete Wealth Advisors
Illinois
$494K -$845K -9,843 -61%
FAM
1108
Formidable Asset Management
Ohio
$494K -$19.1K -223 -3%
SRC
1109
Shufro Rose & Co
New York
$493K
MBT
1110
Montecito Bank & Trust
California
$493K -$199K -2,316 -27%
WI
1111
Wedgewood Investors
Pennsylvania
$493K -$20.5K -239 -4%
MC
1112
Maverick Capital
Texas
$493K +$540K +6,293 New
CWP
1113
Concord Wealth Partners
Virginia
$491K +$70K +815 +15%
FM
1114
Foster & Motley
Ohio
$491K -$6.87K -80 -1%
GIP
1115
Granite Investment Partners
California
$490K
FP
1116
Fiduciary Planning
Florida
$490K
CNBTD
1117
Citizens National Bank Trust Department
Mississippi
$489K
AIA
1118
AIMZ Investment Advisors
California
$489K -$5.15K -60 -1%
FWTB
1119
First Western Trust Bank
Colorado
$487K -$79.8K -929 -13%
BG
1120
Bollard Group
Massachusetts
$487K +$1.37K +16 +0.3%
RSWM
1121
Robertson Stephens Wealth Management
California
$487K -$27.6K -321 -5%
GCMG
1122
Gyroscope Capital Management Group
Florida
$485K +$532K +6,192 New
HIC
1123
Holderness Investments Company
North Carolina
$484K -$71.1K -828 -12%
TF
1124
Tompkins Financial
New York
$484K -$3.09K -36 -0.6%
PWAM
1125
Pinnacle West Asset Management
Wyoming
$482K +$20K +233 +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.