3M
1,996 hedge funds and large institutions have $59.1B invested in 3M in 2020 Q2 according to their latest regulatory filings, with 153 funds opening new positions, 768 increasing their positions, 801 reducing their positions, and 101 closing their positions.
51% more first-time investments, than exits
New positions opened: 153 | Existing positions closed: 101
2% more funds holding
Funds holding: 1,958 → 1,996 (+38)
0.6% less ownership
Funds ownership: 66.51% → 65.91% (-0.6%)
4% less repeat investments, than reductions
Existing positions increased: 768 | Existing positions reduced: 801
12% less capital inflows, than outflows
Capital inflows: $3.27B | Capital outflows: $3.71B
12% less funds holding in top 10
Funds holding in top 10: 57 → 50 (-7)
15% less call options, than puts
Call options by funds: $939M | Put options by funds: $1.11B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fisher Asset Management
Camas,
Washington
|
+$660M |
| 2 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
+$142M |
| 3 |
Bank of New York Mellon
New York
|
+$137M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$99.4M |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
+$94.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
-$888M |
| 2 |
BlackRock
New York
|
-$507M |
| 3 |
Geode Capital Management
Boston,
Massachusetts
|
-$182M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$169M |
| 5 |
Goldman Sachs
New York
|
-$136M |
MMM Hedge Fund Activity: Q2 2020 in Review
1,996 of the 4,890 institutional investors tracked by Wall St. Rank reported a position in 3M (MMM) for Q2 2020, worth a combined $59.1B — up 13% from $52.2B a quarter earlier.
Buyers outnumbered sellers: 153 funds opened new MMM positions and 101 closed out — a net gain of 52 holders — while 768 added to existing stakes and 801 trimmed.
The largest buyer was Fisher Asset Management, adding an estimated $660M. The largest seller was Vanguard Group, cutting an estimated $888M.
- 1,996 institutional investors held 3M (MMM) as of Q2 2020, up from 1,958 in Q1 2020.
- Funds reported $59.1B of 3M stock for Q2 2020, up 13% quarter-over-quarter.
- 153 funds opened new 3M positions in Q2 2020 and 101 closed out, a net change of +52 holders.
- The largest 3M buyer in Q2 2020 was Fisher Asset Management, an estimated $660M added.
- The largest 3M seller in Q2 2020 was Vanguard Group, an estimated $888M sold.
Based on aggregated 13F filings for Q2 2020.