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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
JMPWA
176
JP Morgan Private Wealth Advisors
California
$14.7M +$16.2M +188,271 New
ASRS
177
Arizona State Retirement System
Arizona
$14.6M -$152K -1,773 -0.9%
BBVA
178
Banco Bilbao Vizcaya Argentaria
Spain
$14.5M -$692K -8,065 -4%
Handelsbanken Fonder
179
Handelsbanken Fonder
Sweden
$14.4M -$102K -1,192 -0.6%
SO
180
STRS Ohio
Ohio
$14.4M -$330K -3,842 -2%
VA
181
Vident Advisory
Georgia
$14.1M +$15.5M +180,314 New
Rockefeller Capital Management
182
Rockefeller Capital Management
New York
$14M +$6.39M +74,426 +72%
YCM
183
Yousif Capital Management
Michigan
$13.9M +$237K +2,756 +2%
CIA
184
Capital Investment Advisors
Georgia
$13.8M +$1.9M +22,076 +14%
CAPTRUST Financial Advisors
185
CAPTRUST Financial Advisors
North Carolina
$13.7M -$2.46M -28,667 -14%
Fidelity International
186
Fidelity International
Bermuda
$13.4M +$7.68M +89,424 +109%
AIG
187
American International Group
New York
$13.2M -$315K -3,666 -2%
Creative Planning
188
Creative Planning
Kansas
$13.2M +$1.4M +16,255 +11%
SEI Investments
189
SEI Investments
Pennsylvania
$13.2M +$119K +1,389 +0.8%
Axa
190
Axa
France
$13.2M -$55.1M -641,373 -79%
AB
191
Amalgamated Bank
New York
$13M -$65.1K -758 -0.5%
MIM
192
MetLife Investment Management
New Jersey
$12.8M -$359K -4,181 -2%
Federated Hermes
193
Federated Hermes
Pennsylvania
$12.7M +$2.72M +31,678 +24%
Ensign Peak Advisors
194
Ensign Peak Advisors
Utah
$12.4M -$11M -128,103 -45%
Daiwa Securities Group
195
Daiwa Securities Group
Japan
$12.2M +$769K +8,951 +7%
TSC
196
Two Seas Capital
New York
$12.2M +$13.3M +155,480 New
Canada Pension Plan Investment Board
197
Canada Pension Plan Investment Board
Ontario, Canada
$11.9M +$13.1M +152,131 New
BCM
198
Brookstone Capital Management
Illinois
$11.9M +$2.5M +29,109 +22%
Retirement Systems of Alabama
199
Retirement Systems of Alabama
Alabama
$11.7M -$58.8K -685 -0.5%
ICM
200
Invenomic Capital Management
Massachusetts
$11.6M +$12.7M +148,279 New

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.