3M
1,649 hedge funds and large institutions have $69.1B invested in 3M in 2016 Q3 according to their latest regulatory filings, with 80 funds opening new positions, 524 increasing their positions, 761 reducing their positions, and 36 closing their positions.
122% more first-time investments, than exits
New positions opened: 80 | Existing positions closed: 36
2% more funds holding
Funds holding: 1,623 → 1,649 (+26)
0.87% less ownership
Funds ownership: 79.7% → 78.83% (-0.87%)
2% less capital invested
Capital invested by funds: $70.7B → $69.1B (-$1.54B)
1% less funds holding in top 10
Funds holding in top 10: 136 → 134 (-2)
31% less repeat investments, than reductions
Existing positions increased: 524 | Existing positions reduced: 761
33% less call options, than puts
Call options by funds: $601M | Put options by funds: $896M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$176M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$131M |
| 3 |
TCIM
TIAA CREF Investment Management
New York
|
+$86M |
| 4 |
State Street
Boston,
Massachusetts
|
+$77.2M |
| 5 |
BNP Paribas Financial Markets
Paris,
France
|
+$52.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FMI
Fiduciary Management Inc
Milwaukee,
Wisconsin
|
-$308M |
| 2 |
JP Morgan Chase
New York
|
-$134M |
| 3 |
Adage Capital Partners
Boston,
Massachusetts
|
-$118M |
| 4 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
-$106M |
| 5 |
JFL
Jarislowsky, Fraser Ltd
Montreal,
Quebec, Canada
|
-$102M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
JT
1676
Jump Trading
Chicago,
Illinois
| – | -$487K | -3,325 | Closed |
|
|
NCM
1677
Northroad Capital Management
New York
| – | -$469K | -3,204 | Closed |
|
|
RDM
1678
Retirement Design & Management
Westport,
Connecticut
| – | -$467K | -3,191 | Closed |
|
1679
Handelsbanken Fonder
Stockholm,
Sweden
| – | -$450K | -3,070 | Closed |
|
|
BCM
1680
Bluefin Capital Management
New York
| – | -$391K | -2,671 | Closed |
|
|
SLG
1681
Stanley-Laman Group
Berwyn,
Pennsylvania
| – | -$266K | -1,816 | Closed |
|
|
BAM
1682
Baring Asset Management
London,
United Kingdom
| – | -$231K | -1,576 | Closed |
|
|
11A
1683
10-15 Associates
Goshen,
New York
| – | -$217K | -1,482 | Closed |
|
|
SC
1684
SRB Corp
Boston,
Massachusetts
| – | -$149K | -1,018 | Closed |
|
|
WIA
1685
Westbourne Investment Advisors
Annapolis,
Maryland
| – | -$149K | -1,017 | Closed |
|
|
BCMIO
1686
Beacon Capital Management Inc (Ohio)
Dayton,
Ohio
| – | -$18K | -120 | Closed |
|
|
AP
1687
Advisors Preferred
Rockville,
Maryland
| – | -$14K | -93 | Closed |
|
MMM Hedge Fund Activity: Q3 2016 in Review
1,649 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in 3M (MMM) for Q3 2016, worth a combined $69.1B — down 2.2% from $70.7B a quarter earlier.
Buyers outnumbered sellers: 80 funds opened new MMM positions and 36 closed out — a net gain of 44 holders — while 524 added to existing stakes and 761 trimmed.
The largest buyer was Vanguard Group, adding an estimated $176M. The largest seller was Fiduciary Management Inc, exiting entirely with an estimated $308M sold.
- 1,649 institutional investors held 3M (MMM) as of Q3 2016, up from 1,623 in Q2 2016.
- Funds reported $69.1B of 3M stock for Q3 2016, down 2.2% quarter-over-quarter.
- 80 funds opened new 3M positions in Q3 2016 and 36 closed out, a net change of +44 holders.
- The largest 3M buyer in Q3 2016 was Vanguard Group, an estimated $176M added.
- The largest 3M seller in Q3 2016 was Fiduciary Management Inc, an estimated $308M sold.
Based on aggregated 13F filings for Q3 2016.