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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
ZAM
1451
Zevin Asset Management
Massachusetts
$252K
WTA
1452
Washington Trust Advisors
Massachusetts
$252K -$29.9K -348 -10%
DDC
1453
DF Dent & Co
Maryland
$252K -$344K -4,001 -55%
DA
1454
Detalus Advisors
Missouri
$251K -$133K -1,553 -33%
CCA
1455
Cobblestone Capital Advisors
New York
$251K +$10.2K +119 +4%
HWM
1456
Horizon Wealth Management
Illinois
$250K +$2.66K +31 +1%
OFS
1457
OneAscent Financial Services
Alabama
$249K +$273K +3,185 New
CBA
1458
Coastal Bridge Advisors
Connecticut
$249K +$13.4K +156 +5%
SCM
1459
Schnieders Capital Management
California
$249K -$118K -1,378 -30%
NRG
1460
Nemes Rush Group
Michigan
$249K -$94.4K -1,100 -26%
CFS
1461
Commonwealth Financial Services
West Virginia
$248K +$272K +3,173 New
PFA
1462
Petra Financial Advisors
Colorado
$248K +$6.1K +71 +2%
RP
1463
Riverbridge Partners
Minnesota
$248K
WA
1464
Waverly Advisors
Alabama
$247K -$3.27M -38,112 -92%
RWP
1465
Ridgecrest Wealth Partners
California
$247K
HFS
1466
Hantz Financial Services
Michigan
$247K -$5.15K -60 -2%
BCA
1467
Bay Colony Advisors
Massachusetts
$247K +$86 +1 +0%
MLL
1468
Moody Lynn & Lieberson
Massachusetts
$246K
ECAM
1469
East Coast Asset Management
Massachusetts
$246K
AFM
1470
Armstrong Fleming & Moore
District of Columbia
$245K
EFSCE
1471
Enterprise Financial Services Corp (EFSC)
Missouri
$245K -$9.1K -106 -3%
AP
1472
Appleton Partners
Massachusetts
$245K -$9.1K -106 -3%
FW
1473
FirstPurpose Wealth
Utah
$245K +$54.4K +633 +25%
AMBIA
1474
Allen Mooney & Barnes Investment Advisors
Georgia
$244K +$172 +2 +0.1%
LA
1475
Lane & Associates
New Jersey
$244K +$1.03K +12 +0.4%

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.