MM

MMM 3M CO

2026Q2 · CUSIP 88579Y101 · Sector: Healthcare & Biotech

Piling in

Net holder growth ranks near the top of the market

Funds that own it
2,218
Institutions that reported holding it to the SEC
Net increase in holders
+75
Last quarter 2,143 → now 2,218
How unusual is that
Top 5%
Stronger buying than 96% of US stocks
What the filings say, in one paragraph

2,218 funds held MMM at the end of 2026Q2, up 75 from the quarter before. That is stronger buying than 95.7% of US stocks — among the most piled-into names this quarter. On the business itself, revenue over the last 12 months was $25.2B(YoY +1.7%), the P/E is 25.8x, return on equity is 85.7%. MMM has had 30 buying rushes in its history, and the price moved +1.7% on average over the six months after (that is the raw price move, not how much it beat the market by). It sits in the Healthcare & Biotech sector.

How many funds owned it, quarter by quarter

Bars = net change in institutional holders, positive (green) or negative (red). Line = total institutional holders.

2013Q3: holders=1178 2013Q4: holders=1282 2014Q1: holders=1272 2014Q2: holders=1276 2014Q3: holders=1288 2014Q4: holders=1398 2015Q1: holders=1417 2015Q2: holders=1429 2015Q3: holders=1407 2015Q4: holders=1461 2016Q1: holders=1495 2016Q2: holders=1508 2016Q3: holders=1532 2016Q4: holders=1580 2017Q1: holders=1600 2017Q2: holders=1640 2017Q3: holders=1628 2017Q4: holders=1842 2018Q1: holders=1839 2018Q2: holders=1804 2018Q3: holders=1804 2018Q4: holders=1865 2019Q1: holders=1906 2019Q2: holders=1842 2019Q3: holders=1817 2019Q4: holders=1953 2020Q1: holders=1885 2020Q2: holders=1921 2020Q3: holders=1964 2020Q4: holders=2126 2021Q1: holders=2181 2021Q2: holders=2203 2021Q3: holders=2150 2021Q4: holders=2298 2022Q1: holders=2205 2022Q2: holders=2132 2022Q3: holders=1973 2022Q4: holders=2032 2023Q1: holders=1914 2023Q2: holders=1840 2023Q3: holders=1800 2023Q4: holders=1948 2024Q1: holders=1880 2024Q2: holders=1914 2024Q3: holders=2048 2024Q4: holders=2103 2025Q1: holders=2120 2025Q2: holders=2110 2025Q3: holders=2098 2025Q4: holders=2240 2026Q1: holders=2143 2026Q2: holders=2218 -214 -107 +0 +107 +214 106017372413 13Q315Q116Q318Q119Q321Q122Q324Q125Q326Q2 Net change in holders (bars) Total funds holding (line)

What happened after each past buying rush 30 times in its history

Quarter of the rush How unusual then Price, next 3 months Price, next 6 months
2026Q2 Top 5% — —
2025Q4 Top 5% -12.5% -9.3%
2025Q1 Top 20% -0.3% +0.6%
2024Q4 Top 10% -0.6% +3.0%
2024Q3 Top 1% in the market +0.1% +11.9%
2024Q2 Top 10% +7.2% +4.7%
2023Q4 Top 5% +18.7% +38.0%
2022Q4 Top 10% -8.7% -9.7%

These are the raw price moves, not how much it beat the market by. Compare them against the market over the same months — in a strong bull market almost everything is up.

Show all the numbers (large funds, value held, options…) ▾
Of them, large funds
370
Change in large funds
+37
Total value they hold
$70.1B
Funds buying for the first time
200
Funds that sold out entirely
125
Price change that quarter
+18.8%
Funds holding puts (bearish)
38
Funds holding calls (bullish)
34

These are for people who want to dig. Skip them if they do not mean anything to you — the three numbers above are enough.

Fundamentals

PE (TTM)
25.8
EPS (TTM)
$6.71
EPS YoY
+7.2%
Revenue (TTM)
$25.2B
Revenue YoY
+1.7%
Net margin
14.0%
ROE
85.7%
Debt ratio
87.0%
FCF (TTM)
$2.7B
Dividend (TTM)
$3.07
Quarterly Revenue & EPS
2021-12-31: EPS 2.31 2022-03-31: EPS 2.26 2022-06-30: EPS 0.14 2022-09-30: EPS 6.77 2022-12-31: EPS 1.01 2023-03-31: EPS 1.76 2023-06-30: EPS -12.35 2023-09-30: EPS -3.74 2023-12-31: EPS 1.70 2024-03-31: EPS 1.67 2024-06-30: EPS 2.07 2024-09-30: EPS 2.48 2024-12-31: EPS 1.33 2025-03-31: EPS 2.04 2025-06-30: EPS 1.34 2025-09-30: EPS 1.55 2025-12-31: EPS 1.07 2026-03-31: EPS 1.23 2026-06-30: EPS 1.78 2026-09-30: EPS 2.63 0B 4.5B 8.9B $B -13.58 -3.07 7.45 2016201720182019202020212022202320242025202609/26 Revenue EPS

Quarterly figures, revenue up to 10 years back; EPS split-adjusted, early quarters hidden when not calibrable

P/E (TTM) over time
4Y median 21 7 41 75 20222023202420252026

P/E = close around day 47 after quarter-end ÷ TTM EPS then; this is a consistent valuation date, not the company’s actual filing date; loss quarters hidden

Quarterly free cash flow
-2.0B40M2.1B 20162017201820192020202120222023202420252026
Latest quarter $349M (2026-03-31)

FCF = operating cash flow − capex, computed from SEC XBRL; banks/insurers have no standard cash-flow structure and are hidden

As of 2026-09-30 · SEC filings (XBRL)

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2026 Q3 holdings are due 2026-11-16. We will email you when the refreshed lists are live.