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1,901 hedge funds and large institutions have $63.9B invested in 3M in 2019 Q3 according to their latest regulatory filings, with 108 funds opening new positions, 693 increasing their positions, 818 reducing their positions, and 129 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.31% less ownership

Funds ownership: 81.16%80.85% (-0.31%)

2% less funds holding

Funds holding: 1,9321,901 (-31)

4% less funds holding in top 10

Funds holding in top 10: 4947 (-2)

6% less capital invested

Capital invested by funds: $67.8B → $63.9B (-$3.92B)

15% less repeat investments, than reductions

Existing positions increased: 693 | Existing positions reduced: 818

16% less first-time investments, than exits

New positions opened: 108 | Existing positions closed: 129

32% less call options, than puts

Call options by funds: $671M | Put options by funds: $991M

Holders
1,901
Holders Change
-31
Holders Change %
-1.6%
% of All Funds
41.68%
Holding in Top 10
47
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-4.08%
% of All Funds
1.03%
New
108
Increased
693
Reduced
818
Closed
129
Calls
$671M
Puts
$991M
Net Calls
-$321M
Net Calls Change
+$96.5M
Name Holding Trade Value Shares
Change
Change in
Stake
BAM
201
Barrett Asset Management
New York
$24.7M -$144K -1,029 -0.6%
IC
202
InterOcean Capital
Illinois
$24.5M +$2.65M +18,973 +12%
Zurich Cantonal Bank
203
Zurich Cantonal Bank
Switzerland
$24.4M -$1.17M -8,391 -5%
BCIM
204
British Columbia Investment Management
British Columbia, Canada
$24.1M -$5.7M -40,801 -19%
VDI
205
Vaughan David Investments
Illinois
$23.7M +$251K +1,795 +1%
WG
206
Welch Group
Alabama
$23.7M +$1.96M +14,042 +9%
State of Tennessee, Department of Treasury
207
State of Tennessee, Department of Treasury
Tennessee
$23.5M +$1.66M +11,891 +7%
DnB Asset Management
208
DnB Asset Management
Norway
$23.1M +$1.82M +13,002 +8%
OPERF
209
Oregon Public Employees Retirement Fund
Oregon
$23M -$405K -2,896 -2%
Jane Street
210
Jane Street
New York
$22.7M +$12.9M +92,410 +126%
SOMRS
211
State of Michigan Retirement System
Michigan
$22.7M +$50.2K +359 +0.2%
GIBU
212
Gulf International Bank (UK)
United Kingdom
$22.6M -$130K -928 -0.6%
OI
213
Oakbrook Investments
Illinois
$22.6M -$180K -1,290 -0.8%
Brown Advisory
214
Brown Advisory
Maryland
$22.1M -$4.3M -30,757 -16%
Los Angeles Capital Management
215
Los Angeles Capital Management
California
$21.9M -$34.8M -249,176 -61%
PGFC
216
Peapack-Gladstone Financial Corp
New Jersey
$21.6M -$255K -1,825 -1%
KFC
217
Klingenstein Fields & Co
New York
$21.5M -$11.3M -80,633 -34%
WBC
218
Westpac Banking Corp
Australia
$21.4M +$6.31M +45,107 +41%
BNP Paribas Asset Management
219
BNP Paribas Asset Management
France
$21.3M -$24M -171,404 -52%
JIM
220
Jupiter Investment Management
United Kingdom
$21.3M -$14M -99,883 -39%
CIBC World Market
221
CIBC World Market
Ontario, Canada
$21.2M +$117K +835 +0.5%
Mariner
222
Mariner
Kansas
$21.1M -$11M -78,371 -34%
TAM
223
Tocqueville Asset Management
New York
$20.9M -$204K -1,462 -1%
RMDI
224
R.M. Davis Inc
Maine
$20.6M -$2M -14,313 -9%
RMA
225
Roffman Miller Associates
Pennsylvania
$20.4M -$94.9K -679 -0.5%

MMM Hedge Fund Activity: Q3 2019 in Review

1,901 of the 4,561 institutional investors tracked by Wall St. Rank reported a position in 3M (MMM) for Q3 2019, worth a combined $63.9B — down 5.8% from $67.8B a quarter earlier.

Sellers outnumbered buyers: 129 funds closed out of MMM and 108 opened new positions — a net loss of 21 holders — while 818 trimmed existing stakes and 693 added.

The largest buyer was BlackRock, adding an estimated $254M. The largest seller was Fundsmith LLP, exiting entirely with an estimated $612M sold.

  • 1,901 institutional investors held 3M (MMM) as of Q3 2019, down from 1,932 in Q2 2019.
  • Funds reported $63.9B of 3M stock for Q3 2019, down 5.8% quarter-over-quarter.
  • 108 funds opened new 3M positions in Q3 2019 and 129 closed out, a net change of -21 holders.
  • The largest 3M buyer in Q3 2019 was BlackRock, an estimated $254M added.
  • The largest 3M seller in Q3 2019 was Fundsmith LLP, an estimated $612M sold.

Based on aggregated 13F filings for Q3 2019.