3M
1,426 hedge funds and large institutions have $64.5B invested in 3M in 2014 Q2 according to their latest regulatory filings, with 65 funds opening new positions, 465 increasing their positions, 662 reducing their positions, and 49 closing their positions.
33% more first-time investments, than exits
New positions opened: 65 | Existing positions closed: 49
5% more capital invested
Capital invested by funds: $61.4B → $64.5B (+$3.14B)
0.66% more ownership
Funds ownership: 81.61% → 82.27% (+0.66%)
1% more funds holding
Funds holding: 1,418 → 1,426 (+8)
7% less funds holding in top 10
Funds holding in top 10: 115 → 107 (-8)
25% less call options, than puts
Call options by funds: $610M | Put options by funds: $819M
30% less repeat investments, than reductions
Existing positions increased: 465 | Existing positions reduced: 662
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Norges Bank
Oslo,
Norway
|
+$596M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$402M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$189M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$152M |
| 5 |
Goldman Sachs
New York
|
+$60.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Harris Associates
Chicago,
Illinois
|
-$235M |
| 2 |
Artisan Partners
Milwaukee,
Wisconsin
|
-$113M |
| 3 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
-$108M |
| 4 |
Prudential Financial
Newark,
New Jersey
|
-$75.7M |
| 5 |
Credit Agricole
Montrouge Cedex,
France
|
-$58.9M |
MMM Hedge Fund Activity: Q2 2014 in Review
1,426 of the 3,481 institutional investors tracked by Wall St. Rank reported a position in 3M (MMM) for Q2 2014, worth a combined $64.5B — up 5.1% from $61.4B a quarter earlier.
Buyers outnumbered sellers: 65 funds opened new MMM positions and 49 closed out — a net gain of 16 holders — while 465 added to existing stakes and 662 trimmed.
The largest buyer was Norges Bank, adding an estimated $596M. The largest seller was Harris Associates, cutting an estimated $235M.
- 1,426 institutional investors held 3M (MMM) as of Q2 2014, up from 1,418 in Q1 2014.
- Funds reported $64.5B of 3M stock for Q2 2014, up 5.1% quarter-over-quarter.
- 65 funds opened new 3M positions in Q2 2014 and 49 closed out, a net change of +16 holders.
- The largest 3M buyer in Q2 2014 was Norges Bank, an estimated $596M added.
- The largest 3M seller in Q2 2014 was Harris Associates, an estimated $235M sold.
Based on aggregated 13F filings for Q2 2014.