3M shareholders: Who owns the most MMM stock?
3M (MMM) has been part of the global industrial landscape for more than a century, with investors around the world holding a stake in its wide-ranging portfolio.
Understanding who owns 3M’s shares can provide useful insight into how the company is structured and the level of institutional participation in its stock.
As of 14 November 2025, 3M (MMM) traded at $170.62 per share, giving the company a market capitalisation of about $90.6 bn. The group continues to navigate operational transformation and legal settlements while focusing on improving margins and stabilising revenue across its broad portfolio. Recent results point to a return to organic growth and stronger cash flow, suggesting steady progress in its efficiency strategy. Past performance is not a reliable indicator of future results.
We look at the major 3M shareholders to see who holds the largest stakes in the US-based multinational conglomerate.
What is 3M?
Founded in 1902 as Minnesota Mining and Manufacturing, 3M (MMM) has evolved into a diversified global business known for innovation and practical science. Its products are used in homes, hospitals, factories and offices worldwide, reflecting its focus on research and engineering excellence.
The company operates through four key segments: safety and industrial, transportation and electronics, healthcare, and consumer. Its portfolio covers more than 60,000 products, from adhesives and abrasives to healthcare and electronic components.
3M has been listed on the New York Stock Exchange (NYSE) since 1946, and is also traded on the Chicago and Swiss stock exchanges. It has been part of the Dow Jones Industrial Average since 1976, highlighting its longstanding role in the US industrial sector.
Past performance is not a reliable indicator of future results.
2025 performance
3M’s third-quarter 2025 results showed modest but stable improvement. The company reported GAAP sales of $6.5 bn, a 3.5% year-on-year increase, with a GAAP operating margin of 22.2%. Adjusted earnings per share rose 10% to $2.19, marking a fourth consecutive quarter of organic growth.
3M’s board announced a quarterly dividend of $0.73 per share, payable on 12 December 2025. The company also raised full-year adjusted EPS guidance to $7.95–$8.05, reflecting confidence in its ongoing cost-efficiency programme.
Past performance is not a reliable indicator of future results.
Who owns the most 3M shares in 2025?
As of mid-2025, 3M had 531.22 million shares outstanding, representing a total market value of around $90.9 bn. Most of these shares are held by institutional investors, reflecting strong participation from professional asset managers and funds.
| Type | Shares held (m) | % of outstanding shares |
|---|---|---|
| Mutual funds and ETFs | 202.51 | 38.12% |
| Other institutional investors | 196.45 | 36.98% |
| Public companies and retail investors | 132.26 | 24.90% |
| Total | 531.22 | 100% |
Nearly three-quarters of 3M’s stock is in institutional hands, showing that the company’s ownership base is dominated by long-term investors rather than short-term traders.
Top institutional 3M shareholders
Institutional ownership at 3M remains concentrated among large global asset managers. As of June 2025, The Vanguard Group held the largest stake, followed by BlackRock and JP Morgan Asset Management.
| # | Shareholder | % ownership | Shares (m) |
|---|---|---|---|
| 1 | The Vanguard Group Inc. | 9.20 | 48.88 |
| 2 | BlackRock Inc. | 7.46 | 39.61 |
| 3 | JP Morgan Asset Management | 6.70 | 35.60 |
| 4 | State Street Global Advisors Inc. | 5.16 | 27.40 |
| 5 | Geode Capital Management LLC | 2.24 | 11.88 |
| 6 | Capital Research & Management Co. | 2.18 | 11.60 |
| 7 | FMR LLC (Fidelity) | 1.86 | 9.89 |
| 8 | Norges Bank Investment Management | 1.56 | 8.30 |
| 9 | State Farm Mutual Automobile Insurance Co. | 1.51 | 7.99 |
| 10 | UBS Asset Management AG | 1.38 | 7.35 |
Together, these ten institutions hold over 43% of 3M’s shares, underscoring the scale of institutional influence on its governance and direction.
Major mutual fund 3M holders
Among mutual funds, ownership is concentrated in the Vanguard and State Street families, alongside several other large index funds. As of September 2025, the Vanguard Total Stock Market ETF was the single largest mutual fund holder.
| # | Mutual fund | % ownership | Shares (m) |
|---|---|---|---|
| 1 | Vanguard Total Stock Market ETF | 3.16 | 16.76 |
| 2 | Vanguard S&P 500 ETF | 2.47 | 13.13 |
| 3 | JPMorgan Large Cap Growth Fund | 2.07 | 10.97 |
| 4 | Government Pension Fund Global | 1.54 | 8.19 |
| 5 | Fidelity 500 Index Fund | 1.29 | 6.83 |
| 6 | Washington Mutual Investors Fund | 1.28 | 6.81 |
| 7 | iShares Core S&P 500 ETF | 1.23 | 6.53 |
| 8 | SPDR S&P 500 ETF | 1.19 | 6.35 |
| 9 | SPDR Dow Jones Industrial Average ETF Trust | 0.98 | 5.22 |
| 10 | Vanguard Value ETF | 0.90 | 4.79 |
This distribution indicates that 3M remains a core component of many diversified portfolios, held primarily through index and pension funds that take a long-term investment view.
Individual and insider 3M holdings
Compared with institutional investors, insider ownership at 3M is relatively limited. Insider trading activity through 2025 has been minimal, consistent with 3M’s emphasis on transparency and governance discipline.
Source: Investing.com, 14 November 2025.
Final thoughts
Analysing who owns 3M provides a clearer view of how the company is positioned within institutional portfolios and how its governance is influenced by large, passive asset managers.
The concentration of ownership among firms such as Vanguard, BlackRock and State Street reflects confidence in 3M’s long-term fundamentals but also shows that its shareholder base is primarily composed of long-term index investors rather than active traders.
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FAQ
How many shares does 3M currently have outstanding?
As of late 2025, 3M has approximately 538 million shares outstanding.
What percentage of 3M’s stock is owned by institutional investors?
Institutional investors own about 65% of 3M’s total outstanding shares, reflecting a broad base of professional ownership rather than direct confidence or sentiment.
How much stock do 3M insiders own?
Company insiders hold less than 1% of the total outstanding shares, meaning the majority of 3M’s equity is held by institutional and retail investors.
Can I trade 3M shares as CFDs?
Yes, you can trade 3M (MM) shares as contracts for difference (CFDs), which allow you to speculate on price movements without owning the underlying stock. This means you can trade on both rising and falling prices. However, CFDs are leveraged products, so both potential gains and losses are magnified. Always understand the risks and refer to our PDS and TMD before trading.