3M
1,419 hedge funds and large institutions have $61.4B invested in 3M in 2014 Q1 according to their latest regulatory filings, with 71 funds opening new positions, 485 increasing their positions, 665 reducing their positions, and 62 closing their positions.
15% more first-time investments, than exits
New positions opened: 71 | Existing positions closed: 62
0% less funds holding
Funds holding: 1,425 → 1,419 (-6)
0.63% less ownership
Funds ownership: 82.23% → 81.61% (-0.63%)
4% less capital invested
Capital invested by funds: $64.1B → $61.4B (-$2.75B)
6% less call options, than puts
Call options by funds: $677M | Put options by funds: $721M
14% less funds holding in top 10
Funds holding in top 10: 133 → 115 (-18)
27% less repeat investments, than reductions
Existing positions increased: 485 | Existing positions reduced: 665
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JHIU
Janus Henderson Investors US
Denver,
Colorado
|
+$96.4M |
| 2 |
BG
Bahl & Gaynor
Cincinnati,
Ohio
|
+$83M |
| 3 |
MAA
Managed Account Advisors
Jersey City,
New Jersey
|
+$80.7M |
| 4 |
DWT
Dorsey & Whitney Trust
Sioux Falls,
South Dakota
|
+$79.2M |
| 5 |
American Century Companies
Kansas City,
Missouri
|
+$70.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State Street
Boston,
Massachusetts
|
-$275M |
| 2 |
FMI
Fiduciary Management Inc
Milwaukee,
Wisconsin
|
-$261M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
-$136M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$119M |
| 5 |
Robeco Institutional Asset Management
Rotterdam,
Netherlands
|
-$94.4M |
MMM Hedge Fund Activity: Q1 2014 in Review
1,419 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in 3M (MMM) for Q1 2014, worth a combined $61.4B — down 4.3% from $64.1B a quarter earlier.
Buyers outnumbered sellers: 71 funds opened new MMM positions and 62 closed out — a net gain of 9 holders — while 485 added to existing stakes and 665 trimmed.
The largest buyer was Janus Henderson Investors US, adding an estimated $96.4M. The largest seller was State Street, cutting an estimated $275M.
- 1,419 institutional investors held 3M (MMM) as of Q1 2014, down from 1,425 in Q4 2013.
- Funds reported $61.4B of 3M stock for Q1 2014, down 4.3% quarter-over-quarter.
- 71 funds opened new 3M positions in Q1 2014 and 62 closed out, a net change of +9 holders.
- The largest 3M buyer in Q1 2014 was Janus Henderson Investors US, an estimated $96.4M added.
- The largest 3M seller in Q1 2014 was State Street, an estimated $275M sold.
Based on aggregated 13F filings for Q1 2014.