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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
HWMG
1326
Hurlow Wealth Management Group
Indiana
$318K -$2.66K -31 -0.8%
RC
1327
RBO & Co
California
$318K
HKAM
1328
Horizon Kinetics Asset Management
New York
$317K +$5.15K +60 +2%
RCM
1329
RB Capital Management
Nevada
$316K +$36.8K +429 +12%
CA
1330
Crewe Advisors
Utah
$316K +$4.12K +48 +1%
LBC
1331
Lawrence B. Cohen
$316K +$346K +4,034 New
ANTB
1332
AMG National Trust Bank
Colorado
$315K
MIA
1333
MMBG Investment Advisors
Florida
$315K
KLWA
1334
Kelly Lawrence W & Associates
California
$314K
AUB
1335
Atlantic Union Bankshares
Virginia
$312K -$25.2K -293 -7%
SB
1336
Strategic Blueprint
Georgia
$312K +$23.4K +272 +7%
WPA
1337
Winning Points Advisors
Florida
$312K
WIC
1338
Woodmont Investment Counsel
Tennessee
$312K -$10.3K -120 -3%
WDG
1339
Wealth Dimensions Group
Ohio
$311K -$22.7K -264 -6%
HIA
1340
Harbor Investment Advisory
Maryland
$310K -$61.6K -718 -15%
IWM
1341
Integris Wealth Management
California
$310K +$7.3K +85 +2%
EGA
1342
Eagle Global Advisors
Texas
$308K
KFI
1343
Key Financial Inc
Pennsylvania
$307K +$86 +1 +0%
PAM
1344
Peak Asset Management
Colorado
$306K -$21.7K -253 -6%
WA
1345
Waddell & Associates
Tennessee
$304K +$53.8K +627 +19%
BAM
1346
Berkshire Asset Management
Pennsylvania
$304K -$1.89K -22 -0.6%
CPA
1347
Cardiff Park Advisors
California
$304K
JMFC
1348
J.M. Forbes & Co
Massachusetts
$303K
CCM
1349
Cox Capital Management
Massachusetts
$303K
DAC
1350
Dividend Assets Capital
South Carolina
$303K -$859 -10 -0.3%

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.