3M
1,954 hedge funds and large institutions have $38.1B invested in 3M in 2023 Q1 according to their latest regulatory filings, with 136 funds opening new positions, 748 increasing their positions, 813 reducing their positions, and 221 closing their positions.
0.29% less ownership
Funds ownership: 66.15% → 65.86% (-0.29%)
8% less repeat investments, than reductions
Existing positions increased: 748 | Existing positions reduced: 813
9% less capital inflows, than outflows
Capital inflows: $2.5B | Capital outflows: $2.76B
6% less funds holding
Funds holding: 2,085 → 1,954 (-131)
12% less call options, than puts
Call options by funds: $886M | Put options by funds: $1B
17% less funds holding in top 10
Funds holding in top 10: 23 → 19 (-4)
38% less first-time investments, than exits
New positions opened: 136 | Existing positions closed: 221
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$165M |
| 2 |
Renaissance Technologies
New York
|
+$118M |
| 3 |
Neuberger Berman Group
New York
|
+$109M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$109M |
| 5 |
Nuance Investments
Kansas City,
Missouri
|
+$100M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$345M |
| 2 |
BlackRock
New York
|
-$274M |
| 3 |
Barclays
London,
United Kingdom
|
-$192M |
| 4 |
Banque Pictet & Cie
Geneva 73,
Switzerland
|
-$171M |
| 5 |
Franklin Resources
San Mateo,
California
|
-$115M |
MMM Hedge Fund Activity: Q1 2023 in Review
1,954 of the 6,289 institutional investors tracked by Wall St. Rank reported a position in 3M (MMM) for Q1 2023, worth a combined $38.1B — down 13% from $43.8B a quarter earlier.
Sellers outnumbered buyers: 221 funds closed out of MMM and 136 opened new positions — a net loss of 85 holders — while 813 trimmed existing stakes and 748 added.
The largest buyer was Vanguard Group, adding an estimated $165M. The largest seller was Massachusetts Financial Services, cutting an estimated $345M.
- 1,954 institutional investors held 3M (MMM) as of Q1 2023, down from 2,085 in Q4 2022.
- Funds reported $38.1B of 3M stock for Q1 2023, down 13% quarter-over-quarter.
- 136 funds opened new 3M positions in Q1 2023 and 221 closed out, a net change of -85 holders.
- The largest 3M buyer in Q1 2023 was Vanguard Group, an estimated $165M added.
- The largest 3M seller in Q1 2023 was Massachusetts Financial Services, an estimated $345M sold.
Based on aggregated 13F filings for Q1 2023.