3M
1,834 hedge funds and large institutions have $33.4B invested in 3M in 2023 Q3 according to their latest regulatory filings, with 135 funds opening new positions, 655 increasing their positions, 782 reducing their positions, and 157 closing their positions.
1.41% less ownership
Funds ownership: 66.04% → 64.63% (-1.4%)
2% less funds holding
Funds holding: 1,878 → 1,834 (-44)
13% less call options, than puts
Call options by funds: $840M | Put options by funds: $970M
14% less first-time investments, than exits
New positions opened: 135 | Existing positions closed: 157
16% less repeat investments, than reductions
Existing positions increased: 655 | Existing positions reduced: 782
22% less capital inflows, than outflows
Capital inflows: $2.42B | Capital outflows: $3.1B
25% less funds holding in top 10
Funds holding in top 10: 20 → 15 (-5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$372M |
| 2 |
State Street
Boston,
Massachusetts
|
+$195M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$94.4M |
| 4 |
Nuveen
Charlotte,
North Carolina
|
+$81.8M |
| 5 |
Amundi
Paris,
France
|
+$69.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EP Wealth Advisors
Torrance,
California
|
-$666M |
| 2 |
Flossbach Von Storch
Cologne,
Germany
|
-$340M |
| 3 |
Fisher Asset Management
Camas,
Washington
|
-$268M |
| 4 |
Geode Capital Management
Boston,
Massachusetts
|
-$129M |
| 5 |
Marshall Wace
London,
United Kingdom
|
-$99.2M |
MMM Hedge Fund Activity: Q3 2023 in Review
1,834 of the 6,316 institutional investors tracked by Wall St. Rank reported a position in 3M (MMM) for Q3 2023, worth a combined $33.4B — down 6.7% from $35.8B a quarter earlier.
Sellers outnumbered buyers: 157 funds closed out of MMM and 135 opened new positions — a net loss of 22 holders — while 782 trimmed existing stakes and 655 added.
The largest buyer was Bank of America, adding an estimated $372M. The largest seller was EP Wealth Advisors, cutting an estimated $666M.
- 1,834 institutional investors held 3M (MMM) as of Q3 2023, down from 1,878 in Q2 2023.
- Funds reported $33.4B of 3M stock for Q3 2023, down 6.7% quarter-over-quarter.
- 135 funds opened new 3M positions in Q3 2023 and 157 closed out, a net change of -22 holders.
- The largest 3M buyer in Q3 2023 was Bank of America, an estimated $372M added.
- The largest 3M seller in Q3 2023 was EP Wealth Advisors, an estimated $666M sold.
Based on aggregated 13F filings for Q3 2023.