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1,905 hedge funds and large institutions have $78.5B invested in 3M in 2018 Q2 according to their latest regulatory filings, with 95 funds opening new positions, 728 increasing their positions, 781 reducing their positions, and 108 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.64% more ownership

Funds ownership: 79.95%80.59% (+0.64%)

7% less repeat investments, than reductions

Existing positions increased: 728 | Existing positions reduced: 781

1% less funds holding

Funds holding: 1,9341,905 (-29)

10% less capital invested

Capital invested by funds: $87.2B → $78.5B (-$8.71B)

12% less first-time investments, than exits

New positions opened: 95 | Existing positions closed: 108

34% less funds holding in top 10

Funds holding in top 10: 14999 (-50)

45% less call options, than puts

Call options by funds: $659M | Put options by funds: $1.21B

Holders
1,905
Holders Change
-29
Holders Change %
-1.5%
% of All Funds
43.61%
Holding in Top 10
99
Holding in Top 10 Change
-50
Holding in Top 10 Change %
-33.56%
% of All Funds
2.27%
New
95
Increased
728
Reduced
781
Closed
108
Calls
$659M
Puts
$1.21B
Net Calls
-$548M
Net Calls Change
+$7.43M
Name Holding Trade Value Shares
Change
Change in
Stake
Janney Montgomery Scott
176
Janney Montgomery Scott
Pennsylvania
$40.5M +$1.98M +11,603 +5%
MG
177
Markel Group
Virginia
$40.1M
DC
178
Davenport & Co
Virginia
$40.1M +$303K +1,773 +0.7%
Aberdeen Group
179
Aberdeen Group
United Kingdom
$40M +$5.02M +29,407 +14%
PCA
180
Personal Capital Advisors
California
$38.4M +$2.89M +16,929 +8%
WT
181
Whittier Trust
California
$38.3M -$457K -2,675 -1%
BTS
182
BB&T Securities
Virginia
$38.2M +$2.16M +12,650 +6%
GIBU
183
Gulf International Bank (UK)
United Kingdom
$38.1M +$1.33M +7,771 +3%
CI
184
Conning Inc
Connecticut
$37.4M +$6.87M +40,266 +22%
CFC
185
Cincinnati Financial Corp
Ohio
$37.2M
HNB
186
Huntington National Bank
Ohio
$37.2M -$1.54M -9,018 -4%
LTFS
187
Ladenburg Thalmann Financial Services
Florida
$36.3M
HAM
188
Highstreet Asset Management
Ontario, Canada
$36.3M +$9.13M +53,478 +32%
HFS
189
HL Financial Services
Kentucky
$36M +$700K +4,101 +2%
GC
190
Guggenheim Capital
Illinois
$35.6M -$46.6M -273,289 -56%
SIC
191
Schwartz Investment Counsel
Michigan
$35.1M
SOMRS
192
State of Michigan Retirement System
Michigan
$34.6M +$102K +598 +0.3%
MIM
193
MetLife Investment Management
New Jersey
$34.4M -$906K -5,310 -2%
PNC
194
Park National Corp
Ohio
$34M +$2.67M +15,665 +8%
CA
195
Commerzbank Aktiengesellschaft
Germany
$33.9M +$4.94M +28,937 +16%
Nomura Asset Management
196
Nomura Asset Management
Japan
$33.1M +$2.06M +12,048 +6%
FAF
197
Fjarde Ap-fonden
Sweden
$33M -$1.46M -8,544 -4%
State of Tennessee, Department of Treasury
198
State of Tennessee, Department of Treasury
Tennessee
$32.5M -$23.6M -138,425 -41%
SOADOR
199
State of Alaska Department of Revenue
Alaska
$32.1M +$5.84M +34,194 +21%
BAM
200
Barrett Asset Management
New York
$32M -$66.4K -389 -0.2%

MMM Hedge Fund Activity: Q2 2018 in Review

1,905 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in 3M (MMM) for Q2 2018, worth a combined $78.5B — down 10% from $87.2B a quarter earlier.

Sellers outnumbered buyers: 108 funds closed out of MMM and 95 opened new positions — a net loss of 13 holders — while 781 trimmed existing stakes and 728 added.

The largest buyer was Parnassus Investments, opening a new position worth an estimated $733M. The largest seller was TIAA CREF Investment Management, cutting an estimated $434M.

  • 1,905 institutional investors held 3M (MMM) as of Q2 2018, down from 1,934 in Q1 2018.
  • Funds reported $78.5B of 3M stock for Q2 2018, down 10% quarter-over-quarter.
  • 95 funds opened new 3M positions in Q2 2018 and 108 closed out, a net change of -13 holders.
  • The largest 3M buyer in Q2 2018 was Parnassus Investments, an estimated $733M added.
  • The largest 3M seller in Q2 2018 was TIAA CREF Investment Management, an estimated $434M sold.

Based on aggregated 13F filings for Q2 2018.