3M
MMM
1,736 hedge funds and large institutions have $84.1B invested in 3M in 2017 Q3 according to their latest regulatory filings, with 77 funds opening new positions, 567 increasing their positions, 778 reducing their positions, and 75 closing their positions.
3% more first-time investments, than exits
New positions opened: 77 | Existing positions closed: 75
1% more capital invested
Capital invested by funds: $83.6B → $84.1B (+$485M)
0.13% less ownership
Funds ownership: 80.42% → 80.29% (-0.13%)
1% less funds holding
Funds holding: 1,752 → 1,736 (-16)
11% less funds holding in top 10
Funds holding in top 10: 163 → 145 (-18)
27% less repeat investments, than reductions
Existing positions increased: 567 | Existing positions reduced: 778
64% less call options, than puts
Call options by funds: $440M | Put options by funds: $1.23B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$191M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$175M |
| 3 |
Fundsmith LLP
London,
United Kingdom
|
+$95.7M |
| 4 |
Janus Henderson Group
London,
United Kingdom
|
+$91.6M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$81.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$180M |
| 2 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
-$157M |
| 3 |
Capital International Investors
Los Angeles,
California
|
-$143M |
| 4 |
State Street
Boston,
Massachusetts
|
-$142M |
| 5 |
Adage Capital Partners
Boston,
Massachusetts
|
-$125M |
MMM Hedge Fund Activity: Q3 2017 in Review
1,736 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in 3M (MMM) for Q3 2017, worth a combined $84.1B — up 0.58% from $83.6B a quarter earlier.
Buyers outnumbered sellers: 77 funds opened new MMM positions and 75 closed out — a net gain of 2 holders — while 567 added to existing stakes and 778 trimmed.
The largest buyer was Bank of America, adding an estimated $191M. The largest seller was Massachusetts Financial Services, cutting an estimated $180M.
- 1,736 institutional investors held 3M (MMM) as of Q3 2017, down from 1,752 in Q2 2017.
- Funds reported $84.1B of 3M stock for Q3 2017, up 0.58% quarter-over-quarter.
- 77 funds opened new 3M positions in Q3 2017 and 75 closed out, a net change of +2 holders.
- The largest 3M buyer in Q3 2017 was Bank of America, an estimated $191M added.
- The largest 3M seller in Q3 2017 was Massachusetts Financial Services, an estimated $180M sold.
Based on aggregated 13F filings for Q3 2017.