3M
1,554 hedge funds and large institutions have $71.3B invested in 3M in 2015 Q1 according to their latest regulatory filings, with 76 funds opening new positions, 527 increasing their positions, 686 reducing their positions, and 50 closing their positions.
52% more first-time investments, than exits
New positions opened: 76 | Existing positions closed: 50
1% more funds holding
Funds holding: 1,546 → 1,554 (+8)
1% less funds holding in top 10
Funds holding in top 10: 136 → 135 (-1)
1% less capital invested
Capital invested by funds: $71.9B → $71.3B (-$645M)
0.93% less ownership
Funds ownership: 82.38% → 81.46% (-0.93%)
23% less repeat investments, than reductions
Existing positions increased: 527 | Existing positions reduced: 686
32% less call options, than puts
Call options by funds: $702M | Put options by funds: $1.03B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MAA
Managed Account Advisors
Jersey City,
New Jersey
|
+$176M |
| 2 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
+$132M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$96.3M |
| 4 |
TCIM
TIAA CREF Investment Management
New York
|
+$70.4M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$67.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State Street
Boston,
Massachusetts
|
-$417M |
| 2 |
FMI
Fiduciary Management Inc
Milwaukee,
Wisconsin
|
-$203M |
| 3 |
CIP
Cornerstone Investment Partners
Atlanta,
Georgia
|
-$185M |
| 4 |
ClearBridge Investments
New York
|
-$126M |
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$122M |
MMM Hedge Fund Activity: Q1 2015 in Review
1,554 of the 3,754 institutional investors tracked by Wall St. Rank reported a position in 3M (MMM) for Q1 2015, worth a combined $71.3B — down 0.9% from $71.9B a quarter earlier.
Buyers outnumbered sellers: 76 funds opened new MMM positions and 50 closed out — a net gain of 26 holders — while 527 added to existing stakes and 686 trimmed.
The largest buyer was Managed Account Advisors, adding an estimated $176M. The largest seller was State Street, cutting an estimated $417M.
- 1,554 institutional investors held 3M (MMM) as of Q1 2015, up from 1,546 in Q4 2014.
- Funds reported $71.3B of 3M stock for Q1 2015, down 0.9% quarter-over-quarter.
- 76 funds opened new 3M positions in Q1 2015 and 50 closed out, a net change of +26 holders.
- The largest 3M buyer in Q1 2015 was Managed Account Advisors, an estimated $176M added.
- The largest 3M seller in Q1 2015 was State Street, an estimated $417M sold.
Based on aggregated 13F filings for Q1 2015.