3M
1,982 hedge funds and large institutions have $39.5B invested in 3M in 2023 Q4 according to their latest regulatory filings, with 287 funds opening new positions, 576 increasing their positions, 895 reducing their positions, and 114 closing their positions.
152% more first-time investments, than exits
New positions opened: 287 | Existing positions closed: 114
60% more funds holding in top 10
Funds holding in top 10: 15 → 24 (+9)
22% more call options, than puts
Call options by funds: $1.01B | Put options by funds: $826M
18% more capital invested
Capital invested by funds: $33.4B → $39.5B (+$6.09B)
8% more funds holding
Funds holding: 1,833 → 1,982 (+149)
0.86% more ownership
Funds ownership: 64.63% → 65.49% (+0.86%)
36% less repeat investments, than reductions
Existing positions increased: 576 | Existing positions reduced: 895
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Pacer Advisors
Malvern,
Pennsylvania
|
+$337M |
| 2 |
BlackRock
New York
|
+$210M |
| 3 |
Balyasny Asset Management
Chicago,
Illinois
|
+$193M |
| 4 |
Point72 Asset Management
Stamford,
Connecticut
|
+$132M |
| 5 |
Los Angeles Capital Management
Los Angeles,
California
|
+$106M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$357M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$352M |
| 3 |
Bank of New York Mellon
New York
|
-$137M |
| 4 |
VanEck Associates
New York
|
-$123M |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
-$108M |
MMM Hedge Fund Activity: Q4 2023 in Review
1,982 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in 3M (MMM) for Q4 2023, worth a combined $39.5B — up 18% from $33.4B a quarter earlier.
Buyers outnumbered sellers: 287 funds opened new MMM positions and 114 closed out — a net gain of 173 holders — while 576 added to existing stakes and 895 trimmed.
The largest buyer was Pacer Advisors, adding an estimated $337M. The largest seller was Morgan Stanley, cutting an estimated $357M.
- 1,982 institutional investors held 3M (MMM) as of Q4 2023, up from 1,833 in Q3 2023.
- Funds reported $39.5B of 3M stock for Q4 2023, up 18% quarter-over-quarter.
- 287 funds opened new 3M positions in Q4 2023 and 114 closed out, a net change of +173 holders.
- The largest 3M buyer in Q4 2023 was Pacer Advisors, an estimated $337M added.
- The largest 3M seller in Q4 2023 was Morgan Stanley, an estimated $357M sold.
Based on aggregated 13F filings for Q4 2023.