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1,833 hedge funds and large institutions have $33.5B invested in 3M in 2023 Q3 according to their latest regulatory filings, with 134 funds opening new positions, 655 increasing their positions, 782 reducing their positions, and 157 closing their positions.

New
Increased
Maintained
Reduced
Closed

1.88% less ownership

Funds ownership: 79.22%77.34% (-1.9%)

2% less funds holding

Funds holding: 1,8781,833 (-45)

6% less capital invested

Capital invested by funds: $35.8B → $33.5B (-$2.32B)

13% less call options, than puts

Call options by funds: $840M | Put options by funds: $970M

15% less first-time investments, than exits

New positions opened: 134 | Existing positions closed: 157

16% less repeat investments, than reductions

Existing positions increased: 655 | Existing positions reduced: 782

25% less funds holding in top 10

Funds holding in top 10: 2015 (-5)

Holders
1,833
Holders Change
-45
Holders Change %
-2.4%
% of All Funds
29.09%
Holding in Top 10
15
Holding in Top 10 Change
-5
Holding in Top 10 Change %
-25%
% of All Funds
0.24%
New
134
Increased
655
Reduced
782
Closed
157
Calls
$840M
Puts
$970M
Net Calls
-$130M
Net Calls Change
+$122M
Name Holding Trade Value Shares
Change
Change in
Stake
ONST
1951
Old North State Trust
North Carolina
-$206K -2,465 Closed
SIG
1952
Sky Investment Group
Connecticut
-$206K -2,460 Closed
PCM
1953
Prelude Capital Management
New York
-$205K -2,452 Closed
CS
1954
Crescent Sterling
Louisiana
-$205K -2,447 Closed
SAM
1955
Synergy Asset Management
Washington
-$204K -2,441 Closed
GDP
1956
Great Diamond Partners
Maine
-$204K -2,440 Closed
RW
1957
REDW Wealth
New Mexico
-$204K -2,435 Closed
NC
1958
NinePointTwo Capital
California
-$203K -2,433 Closed
CWA
1959
Cornerstone Wealth Advisors
Minnesota
-$203K -2,424 Closed
WBG
1960
Wharton Business Group
Pennsylvania
-$203K -2,424 Closed
PAM
1961
PVG Asset Management
Colorado
-$202K -2,417 Closed
WIA
1962
Westbourne Investment Advisors
Maryland
-$202K -2,416 Closed
FWM
1963
Finer Wealth Management
Massachusetts
-$202K -2,412 Closed
AIS
1964
AM Investment Strategies
Tennessee
-$202K -2,409 Closed
IFWM
1965
Institute for Wealth Management
Colorado
-$202K -2,408 Closed
ACA
1966
Affinity Capital Advisors
California
-$201K -2,406 Closed
RG
1967
Renaissance Group
Kentucky
-$201K -2,405 Closed
LCM
1968
LCM Capital Management
Illinois
-$200K -2,393 Closed
III
1969
Independent Investors Inc
New York
-$200K -2,392 Closed
PWS
1970
Private Wealth Strategies
Ohio
-$200K -2,392 Closed
TC
1971
TradeLink Capital
Illinois
-$200K -2,392 Closed
WCWM
1972
Willow Creek Wealth Management
California
-$200K -2,391 Closed
WPP
1973
Whalerock Point Partners
Rhode Island
-$195K -2,335 Closed
WTG
1974
West Tower Group
Virginia
-$161K -1,924 Closed
LSA
1975
Lion Street Advisors
Texas
-$275K -1,843 Closed

MMM Hedge Fund Activity: Q3 2023 in Review

1,833 of the 6,302 institutional investors tracked by Wall St. Rank reported a position in 3M (MMM) for Q3 2023, worth a combined $33.5B — down 6.5% from $35.8B a quarter earlier.

Sellers outnumbered buyers: 157 funds closed out of MMM and 134 opened new positions — a net loss of 23 holders — while 782 trimmed existing stakes and 655 added.

The largest buyer was Bank of America, adding an estimated $372M. The largest seller was EP Wealth Advisors, cutting an estimated $666M.

  • 1,833 institutional investors held 3M (MMM) as of Q3 2023, down from 1,878 in Q2 2023.
  • Funds reported $33.5B of 3M stock for Q3 2023, down 6.5% quarter-over-quarter.
  • 134 funds opened new 3M positions in Q3 2023 and 157 closed out, a net change of -23 holders.
  • The largest 3M buyer in Q3 2023 was Bank of America, an estimated $372M added.
  • The largest 3M seller in Q3 2023 was EP Wealth Advisors, an estimated $666M sold.

Based on aggregated 13F filings for Q3 2023.