3M Company

MMM Surgical & Medical Instruments & Apparatus · NYSE

Market statistics

Annualised volatility 26.4%
Beta vs SPY 0.76
Market correlation 0.369
Rate sensitivity -0.29
Volatility sensitivity -0.36
Traded per day $528.4M

Measured from daily returns over the past year. That is not the same estimator as the beta quoted on most finance sites, which is usually five years of monthly returns, and in a market where single stocks move on their own news the daily figure comes out materially lower. Over this window the average large-cap correlation to the index is far below its long-run level: a low number here is a statement about the last twelve months, not a claim that the security is uncorrelated with the market in general.

As filed with the SEC twelve months to 2025-12-31 · balance sheet 2026-03-31

Revenue $24.95B
Operating income $4.63B
Net income $3.25B
Diluted EPS $6.00
Total assets $35.44B
Total liabilities $32.13B
Shareholders’ equity $3.26B
Shares outstanding 521.6M

Short selling — three different measurements

Shares short 9.6M
Days to cover 3.7
Change vs prior -3.3%
Short share of volume 46.4%
Largest fail balance 12,203
Dates with a fail balance 25

These measure different things and are routinely confused. Shares short is an outstanding position, reported twice monthly (settlement 2026-08-14). Short share of volume counts sell-side transactions flagged short each day, most of which is market-maker hedging closed the same session — the market-wide median is around half. Fail balances are shares that did not settle on time; the SEC states these are cumulative balances whose age cannot be determined, and they are not evidence of naked short selling.

Ownership

Institutions reporting a position 2,143
Reported value $47.79B

Largest reported holdersamong the managers stored here

ManagerReported valueShares
VANGUARD CAPITAL MANAGEMENT LLC $4.97B 34,227,417
STATE STREET CORP $4.03B 27,723,744
Capital World Investors $1.33B 9,172,034
STATE FARM MUTUAL AUTOMOBILE INSURANCE CO $1.15B 7,934,035
Newport Trust Company, LLC $812.5M 5,594,540
D. E. Shaw & Co., Inc. $768.5M 5,291,710
JANUS HENDERSON GROUP PLC $487.0M 3,353,252
ALLIANCEBERNSTEIN L.P. $387.1M 2,417,723

On the public record

Moves most like

Ticker1-year correlationVolatility vs MMM
ITW Illinois Tool Works Inc. 0.555 0.81×
FXR First Trust Industrials AlphaDEX 0.550 0.74×
RWK Invesco S&P MidCap 400 Revenue ETF 0.542 0.60×
XHB State Street SPDR S&P Homebuilders ETF 0.541 1.06×
IYJ iShares U.S. Industrials ETF 0.536 0.61×
RSPN Invesco S&P 500 Equal Weight Industrials Portfolio 0.529 0.62×
LECO Lincoln Electric Holdings, Inc. 0.528 1.11×
URSP ProShares Ultra S&P 500 Equal Weight 0.528 0.90×

What is on this page

Everything this site holds about one security, from sources that are all public record. The figures come from different places and mean different things, so each block says where it came from.

What is deliberately absent

No price, no chart, no market capitalisation, no valuation ratio. The daily price history behind the statistics above is licensed from a commercial vendor and cannot be republished — and publishing a market cap alongside a share count would hand the price straight back. Every number here is either a public filing or a statistic from which the underlying series cannot be reconstructed.

Coverage

US securities trading at least $1 million a day with three years of history. Sections appear only where there is something to show: a fund has no income statement, most companies have no activist stake, and only a few dozen listed companies hold material federal contracts.