3M
1,939 hedge funds and large institutions have $37.9B invested in 3M in 2024 Q1 according to their latest regulatory filings, with 148 funds opening new positions, 727 increasing their positions, 819 reducing their positions, and 167 closing their positions.
41% more call options, than puts
Call options by funds: $1.18B | Put options by funds: $833M
1.64% less ownership
Funds ownership: 79.54% → 77.9% (-1.6%)
2% less funds holding
Funds holding: 1,979 → 1,939 (-40)
6% less capital invested
Capital invested by funds: $40.2B → $37.9B (-$2.34B)
11% less repeat investments, than reductions
Existing positions increased: 727 | Existing positions reduced: 819
11% less first-time investments, than exits
New positions opened: 148 | Existing positions closed: 167
13% less funds holding in top 10
Funds holding in top 10: 24 → 21 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$307M |
| 2 |
Capital World Investors
Los Angeles,
California
|
+$155M |
| 3 |
Barclays
London,
United Kingdom
|
+$136M |
| 4 |
Goldman Sachs
New York
|
+$130M |
| 5 |
D.E. Shaw & Co
New York
|
+$130M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Charles Schwab
San Francisco,
California
|
-$849M |
| 2 |
Morgan Stanley
New York
|
-$493M |
| 3 |
Flossbach Von Storch
Cologne,
Germany
|
-$430M |
| 4 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$197M |
| 5 |
State Street
Boston,
Massachusetts
|
-$185M |
MMM Hedge Fund Activity: Q1 2024 in Review
1,939 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in 3M (MMM) for Q1 2024, worth a combined $37.9B — down 5.8% from $40.2B a quarter earlier.
Sellers outnumbered buyers: 167 funds closed out of MMM and 148 opened new positions — a net loss of 19 holders — while 819 trimmed existing stakes and 727 added.
The largest buyer was Millennium Management, adding an estimated $307M. The largest seller was Charles Schwab, cutting an estimated $849M.
- 1,939 institutional investors held 3M (MMM) as of Q1 2024, down from 1,979 in Q4 2023.
- Funds reported $37.9B of 3M stock for Q1 2024, down 5.8% quarter-over-quarter.
- 148 funds opened new 3M positions in Q1 2024 and 167 closed out, a net change of -19 holders.
- The largest 3M buyer in Q1 2024 was Millennium Management, an estimated $307M added.
- The largest 3M seller in Q1 2024 was Charles Schwab, an estimated $849M sold.
Based on aggregated 13F filings for Q1 2024.