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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
Vanguard Group
1
Vanguard Group
Pennsylvania
$9.62B +$43M +252,133 +0.4%
State Street
2
State Street
Massachusetts
$8.48B -$144M -844,170 -2%
BlackRock
3
BlackRock
New York
$7.7B +$15.5K +91 +0%
Massachusetts Financial Services
4
Massachusetts Financial Services
Massachusetts
$2.24B +$52.5M +307,590 +2%
Fidelity Investments
5
Fidelity Investments
Massachusetts
$2.19B +$533M +3,124,747 +31%
State Farm Mutual Automobile Insurance
6
State Farm Mutual Automobile Insurance
Illinois
$2.19B
Northern Trust
7
Northern Trust
Illinois
$1.59B -$41.6M -243,522 -2%
Bank of America
8
Bank of America
North Carolina
$1.56B -$44.3M -259,294 -3%
Geode Capital Management
9
Geode Capital Management
Massachusetts
$1.38B -$143K -840 -0%
Wells Fargo
10
Wells Fargo
California
$1.36B -$52.5M -307,528 -4%
Bank of New York Mellon
11
Bank of New York Mellon
New York
$1.32B +$110M +642,640 +9%
Norges Bank
12
Norges Bank
Norway
$961M +$19.8M +116,240 +2%
US Bancorp
13
US Bancorp
Minnesota
$934M -$16.8M -98,638 -2%
First Eagle Investment Management
14
First Eagle Investment Management
New York
$838M -$1.37M -8,028 -0.2%
Charles Schwab
15
Charles Schwab
California
$755M +$39.8M +233,160 +5%
Morgan Stanley
16
Morgan Stanley
New York
$711M +$109M +638,665 +17%
Parnassus Investments
17
Parnassus Investments
California
$706M +$733M +4,293,355 New
Fundsmith LLP
18
Fundsmith LLP
United Kingdom
$668M +$142M +832,129 +26%
FEF
19
Fundsmith Equity Fund
Connecticut
$668M +$694M +4,064,214 New
Wellington Management Group
20
Wellington Management Group
Massachusetts
$664M +$230M +1,345,788 +50%
PNC Financial Services Group
21
PNC Financial Services Group
Pennsylvania
$577M -$38.1M -223,275 -6%
Royal Bank of Canada
22
Royal Bank of Canada
Ontario, Canada
$553M -$53.8M -315,269 -9%
UBS Group
23
UBS Group
Switzerland
$524M -$43.7M -256,040 -7%
Legal & General Group
24
Legal & General Group
United Kingdom
$521M -$36.1M -211,452 -6%
Goldman Sachs
25
Goldman Sachs
New York
$519M -$138M -810,012 -20%

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.