3M
MMM
1,545 hedge funds and large institutions have $71.9B invested in 3M in 2014 Q4 according to their latest regulatory filings, with 169 funds opening new positions, 480 increasing their positions, 669 reducing their positions, and 43 closing their positions.
293% more first-time investments, than exits
New positions opened: 169 | Existing positions closed: 43
37% more funds holding in top 10
Funds holding in top 10: 99 → 136 (+37)
16% more capital invested
Capital invested by funds: $62.2B → $71.9B (+$9.75B)
8% more funds holding
Funds holding: 1,435 → 1,545 (+110)
1.31% more ownership
Funds ownership: 81.07% → 82.38% (+1.3%)
28% less repeat investments, than reductions
Existing positions increased: 480 | Existing positions reduced: 669
36% less call options, than puts
Call options by funds: $643M | Put options by funds: $1.01B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
+$285M |
| 2 |
American Century Companies
Kansas City,
Missouri
|
+$253M |
| 3 |
State Street
Boston,
Massachusetts
|
+$155M |
| 4 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
+$121M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$109M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$295M |
| 2 |
Morgan Stanley
New York
|
-$226M |
| 3 |
FMI
Fiduciary Management Inc
Milwaukee,
Wisconsin
|
-$191M |
| 4 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$179M |
| 5 |
Diamond Hill Capital Management
Columbus,
Ohio
|
-$151M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TCM
1576
Tetrem Capital Management
Winnipeg,
Manitoba, Canada
| – | -$256K | -2,159 | Closed |
|
|
QC
1577
QCM Cayman
Houston,
Texas
| – | -$214K | -1,810 | Closed |
|
|
AIP
1578
ARS Investment Partners
New York
| – | -$205K | -1,731 | Closed |
|
1579
Rafferty Asset Management
New York
| – | -$202K | -1,704 | Closed |
|
|
WAM
1580
Wolverine Asset Management
Chicago,
Illinois
| – | -$217K | -1,690 | Closed |
|
|
MAS
1581
Madden Advisory Services
Jacksonville,
Florida
| – | -$97K | -823 | Closed |
|
|
PFO
1582
Pathstone Family Office
Englewood,
New Jersey
| – | -$56K | -472 | Closed |
|
|
SCA
1583
Strategic Capital Alternatives
Gig Harbor,
United States
| – | -$49K | -416 | Closed |
|
|
EWM
1584
Elite Wealth Management
Kirkland,
Washington
| – | -$43K | -359 | Closed |
|
1585
Group One Trading
Chicago,
Illinois
| – | -$28K | -239 | Closed |
|
|
CL
1586
CFS LLC
Oklahoma City,
Oklahoma
| – | -$12K | -100 | Closed |
|
|
NMIS
1587
Northwestern Mutual Investment Services
Milwaukee,
Wisconsin
| – | -$7K | -60 | Closed |
|
|
BCI
1588
Brinker Capital Investments
Berwyn,
Pennsylvania
| – | +$128 | +1 | New |
|
MMM Hedge Fund Activity: Q4 2014 in Review
1,545 of the 3,750 institutional investors tracked by Wall St. Rank reported a position in 3M (MMM) for Q4 2014, worth a combined $71.9B — up 16% from $62.2B a quarter earlier.
Buyers outnumbered sellers: 169 funds opened new MMM positions and 43 closed out — a net gain of 126 holders — while 480 added to existing stakes and 669 trimmed.
The largest buyer was Ameriprise, adding an estimated $285M. The largest seller was Massachusetts Financial Services, cutting an estimated $295M.
- 1,545 institutional investors held 3M (MMM) as of Q4 2014, up from 1,435 in Q3 2014.
- Funds reported $71.9B of 3M stock for Q4 2014, up 16% quarter-over-quarter.
- 169 funds opened new 3M positions in Q4 2014 and 43 closed out, a net change of +126 holders.
- The largest 3M buyer in Q4 2014 was Ameriprise, an estimated $285M added.
- The largest 3M seller in Q4 2014 was Massachusetts Financial Services, an estimated $295M sold.
Based on aggregated 13F filings for Q4 2014.