3M
1,425 hedge funds and large institutions have $64.1B invested in 3M in 2013 Q4 according to their latest regulatory filings, with 177 funds opening new positions, 421 increasing their positions, 643 reducing their positions, and 55 closing their positions.
222% more first-time investments, than exits
New positions opened: 177 | Existing positions closed: 55
14% more capital invested
Capital invested by funds: $56B → $64.1B (+$8.05B)
12% more funds holding in top 10
Funds holding in top 10: 119 → 133 (+14)
8% more funds holding
Funds holding: 1,315 → 1,425 (+110)
0.23% more ownership
Funds ownership: 81.98% → 82.22% (+0.23%)
35% less repeat investments, than reductions
Existing positions increased: 421 | Existing positions reduced: 643
48% less call options, than puts
Call options by funds: $731M | Put options by funds: $1.41B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$254M |
| 2 |
JHIU
Janus Henderson Investors US
Denver,
Colorado
|
+$184M |
| 3 |
Morgan Stanley
New York
|
+$149M |
| 4 |
Adage Capital Partners
Boston,
Massachusetts
|
+$77.1M |
| 5 |
State Street
Boston,
Massachusetts
|
+$67.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$511M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$287M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
-$286M |
| 4 |
BA
BlackRock Advisors
Wilmington,
Delaware
|
-$128M |
| 5 |
JP Morgan Chase
New York
|
-$99.4M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
NHFG
1476
New Harbor Financial Group
Worcester,
Massachusetts
| – | -$48K | -478 | Closed |
|
1477
Victory Capital Management
San Antonio,
Texas
| – | -$25K | -257 | Closed |
|
|
CFSG
1478
Community Financial Services Group
Newport,
Vermont
| – | -$24K | -239 | Closed |
|
|
TF
1479
Trutina Financial
Bellevue,
Washington
| – | -$24K | -239 | Closed |
|
|
SGAM
1480
Smith Group Asset Management
Dallas,
Texas
| – | -$12K | -117 | Closed |
|
|
MMH
1481
Menora Mivtachim Holdings
Ramat Gan,
Israel
| – | -$9K | -93 | Closed |
|
|
PCM
1482
Prelude Capital Management
New York
| – | -$7K | -72 | Closed |
|
MMM Hedge Fund Activity: Q4 2013 in Review
1,425 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in 3M (MMM) for Q4 2013, worth a combined $64.1B — up 14% from $56B a quarter earlier.
Buyers outnumbered sellers: 177 funds opened new MMM positions and 55 closed out — a net gain of 122 holders — while 421 added to existing stakes and 643 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $254M. The largest seller was T. Rowe Price Associates, cutting an estimated $511M.
- 1,425 institutional investors held 3M (MMM) as of Q4 2013, up from 1,315 in Q3 2013.
- Funds reported $64.1B of 3M stock for Q4 2013, up 14% quarter-over-quarter.
- 177 funds opened new 3M positions in Q4 2013 and 55 closed out, a net change of +122 holders.
- The largest 3M buyer in Q4 2013 was Fidelity Investments, an estimated $254M added.
- The largest 3M seller in Q4 2013 was T. Rowe Price Associates, an estimated $511M sold.
Based on aggregated 13F filings for Q4 2013.