3M
1,711 hedge funds and large institutions have $76.2B invested in 3M in 2017 Q1 according to their latest regulatory filings, with 101 funds opening new positions, 586 increasing their positions, 755 reducing their positions, and 67 closing their positions.
51% more first-time investments, than exits
New positions opened: 101 | Existing positions closed: 67
7% more funds holding in top 10
Funds holding in top 10: 134 → 144 (+10)
7% more capital invested
Capital invested by funds: $71.1B → $76.2B (+$5.14B)
1% more funds holding
Funds holding: 1,694 → 1,711 (+17)
0.47% more ownership
Funds ownership: 79.23% → 79.7% (+0.47%)
22% less repeat investments, than reductions
Existing positions increased: 586 | Existing positions reduced: 755
30% less call options, than puts
Call options by funds: $680M | Put options by funds: $968M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$6.42B |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$331M |
| 3 |
FPP
Findlay Park Partners
London,
United Kingdom
|
+$220M |
| 4 |
American Century Companies
Kansas City,
Missouri
|
+$156M |
| 5 |
Millennium Management
New York
|
+$118M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$442M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$204M |
| 3 |
AAMU
Amundi Asset Management US
Boston,
Massachusetts
|
-$140M |
| 4 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$112M |
| 5 |
Caisse de Depot et Placement du Quebec (CDPQ)
Montreal,
Quebec, Canada
|
-$96M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WCMN
1776
Westchester Capital Management (Nebraska)
Omaha,
Nebraska
| – | -$9K | -60 | Closed |
|
1777
Winslow Capital Management
Minneapolis,
Minnesota
| – | -$9K | -60 | Closed |
|
|
PVH
1778
Psagot Value Holdings
Tel Aviv,
Israel
| – | -$7K | -49 | Closed |
|
|
CFA
1779
Camarda Financial Advisors
Fleming Island,
Florida
| – | -$4K | -26 | Closed |
|
|
CPIG
1780
Chicago Partners Investment Group
Chicago,
Illinois
| – | -$3K | -20 | Closed |
|
MMM Hedge Fund Activity: Q1 2017 in Review
1,711 of the 4,018 institutional investors tracked by Wall St. Rank reported a position in 3M (MMM) for Q1 2017, worth a combined $76.2B — up 7.2% from $71.1B a quarter earlier.
Buyers outnumbered sellers: 101 funds opened new MMM positions and 67 closed out — a net gain of 34 holders — while 586 added to existing stakes and 755 trimmed.
The largest buyer was BlackRock, adding an estimated $6.42B. The largest seller was Bank of America, cutting an estimated $442M.
- 1,711 institutional investors held 3M (MMM) as of Q1 2017, up from 1,694 in Q4 2016.
- Funds reported $76.2B of 3M stock for Q1 2017, up 7.2% quarter-over-quarter.
- 101 funds opened new 3M positions in Q1 2017 and 67 closed out, a net change of +34 holders.
- The largest 3M buyer in Q1 2017 was BlackRock, an estimated $6.42B added.
- The largest 3M seller in Q1 2017 was Bank of America, an estimated $442M sold.
Based on aggregated 13F filings for Q1 2017.