3M
1,650 hedge funds and large institutions have $70.1B invested in 3M in 2016 Q3 according to their latest regulatory filings, with 80 funds opening new positions, 526 increasing their positions, 759 reducing their positions, and 36 closing their positions.
122% more first-time investments, than exits
New positions opened: 80 | Existing positions closed: 36
2% more funds holding
Funds holding: 1,624 → 1,650 (+26)
1% less capital invested
Capital invested by funds: $70.7B → $70.1B (-$512M)
0.84% less ownership
Funds ownership: 79.67% → 78.83% (-0.84%)
1% less funds holding in top 10
Funds holding in top 10: 136 → 134 (-2)
31% less repeat investments, than reductions
Existing positions increased: 526 | Existing positions reduced: 759
33% less call options, than puts
Call options by funds: $601M | Put options by funds: $896M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$176M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$131M |
| 3 |
TCIM
TIAA CREF Investment Management
New York
|
+$86M |
| 4 |
State Street
Boston,
Massachusetts
|
+$77.2M |
| 5 |
BNP Paribas Financial Markets
Paris,
France
|
+$52.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FMI
Fiduciary Management Inc
Milwaukee,
Wisconsin
|
-$308M |
| 2 |
JP Morgan Chase
New York
|
-$134M |
| 3 |
Adage Capital Partners
Boston,
Massachusetts
|
-$118M |
| 4 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
-$106M |
| 5 |
JFL
Jarislowsky, Fraser Ltd
Montreal,
Quebec, Canada
|
-$102M |
MMM Hedge Fund Activity: Q3 2016 in Review
1,650 of the 3,759 institutional investors tracked by Wall St. Rank reported a position in 3M (MMM) for Q3 2016, worth a combined $70.1B — down 0.72% from $70.7B a quarter earlier.
Buyers outnumbered sellers: 80 funds opened new MMM positions and 36 closed out — a net gain of 44 holders — while 526 added to existing stakes and 759 trimmed.
The largest buyer was Vanguard Group, adding an estimated $176M. The largest seller was Fiduciary Management Inc, exiting entirely with an estimated $308M sold.
- 1,650 institutional investors held 3M (MMM) as of Q3 2016, up from 1,624 in Q2 2016.
- Funds reported $70.1B of 3M stock for Q3 2016, down 0.72% quarter-over-quarter.
- 80 funds opened new 3M positions in Q3 2016 and 36 closed out, a net change of +44 holders.
- The largest 3M buyer in Q3 2016 was Vanguard Group, an estimated $176M added.
- The largest 3M seller in Q3 2016 was Fiduciary Management Inc, an estimated $308M sold.
Based on aggregated 13F filings for Q3 2016.