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1,878 hedge funds and large institutions have $35.8B invested in 3M in 2023 Q2 according to their latest regulatory filings, with 113 funds opening new positions, 654 increasing their positions, 854 reducing their positions, and 175 closing their positions.

New
Increased
Maintained
Reduced
Closed

5% more funds holding in top 10

Funds holding in top 10: 1920 (+1)

0.45% more ownership

Funds ownership: 78.77%79.22% (+0.45%)

4% less funds holding

Funds holding: 1,9531,878 (-75)

6% less capital invested

Capital invested by funds: $38.1B → $35.8B (-$2.24B)

21% less call options, than puts

Call options by funds: $924M | Put options by funds: $1.18B

23% less repeat investments, than reductions

Existing positions increased: 654 | Existing positions reduced: 854

35% less first-time investments, than exits

New positions opened: 113 | Existing positions closed: 175

Holders
1,878
Holders Change
-75
Holders Change %
-3.84%
% of All Funds
29.48%
Holding in Top 10
20
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+5.26%
% of All Funds
0.31%
New
113
Increased
654
Reduced
854
Closed
175
Calls
$924M
Puts
$1.18B
Net Calls
-$252M
Net Calls Change
-$133M
Name Holding Trade Value Shares
Change
Change in
Stake
CWP
1201
Cyndeo Wealth Partners
Florida
$431K -$1.95K -23 -0.4%
OHWA
1202
Oak Hill Wealth Advisors
Virginia
$429K
PI
1203
Putnam Investments
Massachusetts
$428K -$2.76M -32,484 -86%
DAS
1204
Dynamic Advisor Solutions
Arizona
$428K -$36.9K -434 -8%
PWMAG
1205
Pinnacle Wealth Management Advisory Group
New Jersey
$425K +$510 +6 +0.1%
BHBT
1206
Burke & Herbert Bank & Trust
Virginia
$424K -$1.78K -21 -0.4%
MMA
1207
Miracle Mile Advisors
California
$423K +$9.77K +115 +2%
CFGS
1208
Concourse Financial Group Securities
Alabama
$423K -$432K -5,088 -50%
LCM
1209
Logan Capital Management
Pennsylvania
$421K
PBC
1210
Pavion Blue Capital
California
$420K -$107K -1,256 -20%
BW
1211
Bison Wealth
Georgia
$420K +$197K +2,316 +86%
KOC
1212
Koss-Olinger Consulting
Florida
$420K +$4.08K +48 +1%
FWM
1213
FFT Wealth Management
Pennsylvania
$419K +$61.3K +722 +17%
AWE
1214
Avidian Wealth Enterprises
Texas
$418K +$62.4K +735 +17%
AFG
1215
Albion Financial Group
Utah
$417K -$1.33M -15,660 -76%
IAMOG
1216
Investors Asset Management of Georgia
Georgia
$417K +$48.8K +574 +13%
CI
1217
Conning Inc
Connecticut
$417K -$54.9K -646 -11%
RW
1218
Rede Wealth
Virginia
$416K -$2.38K -28 -0.6%
TFA
1219
Trinity Financial Advisors
Ohio
$416K -$126K -1,480 -23%
SBIA
1220
Sheaff Brock Investment Advisors
Indiana
$414K -$5.35K -63 -1%
PIA
1221
Perennial Investment Advisors
California
$413K +$1.02K +12 +0.2%
CA
1222
Cornerstone Advisory
Maryland
$413K -$89.5K -1,054 -18%
RGC
1223
Roberts, Glore & Co
Illinois
$411K +$8.58K +101 +2%
RC
1224
Rovin Capital
Arizona
$410K +$13.2K +155 +3%
CA
1225
CapWealth Advisors
Tennessee
$409K -$765 -9 -0.2%

MMM Hedge Fund Activity: Q2 2023 in Review

1,878 of the 6,370 institutional investors tracked by Wall St. Rank reported a position in 3M (MMM) for Q2 2023, worth a combined $35.8B — down 5.9% from $38.1B a quarter earlier.

Sellers outnumbered buyers: 175 funds closed out of MMM and 113 opened new positions — a net loss of 62 holders — while 854 trimmed existing stakes and 654 added.

The largest buyer was EP Wealth Advisors, adding an estimated $659M. The largest seller was Fisher Asset Management, cutting an estimated $402M.

  • 1,878 institutional investors held 3M (MMM) as of Q2 2023, down from 1,953 in Q1 2023.
  • Funds reported $35.8B of 3M stock for Q2 2023, down 5.9% quarter-over-quarter.
  • 113 funds opened new 3M positions in Q2 2023 and 175 closed out, a net change of -62 holders.
  • The largest 3M buyer in Q2 2023 was EP Wealth Advisors, an estimated $659M added.
  • The largest 3M seller in Q2 2023 was Fisher Asset Management, an estimated $402M sold.

Based on aggregated 13F filings for Q2 2023.