restructuring
“Decreases in 2024 were primarily due to ongoing manufacturing productivity, procurement and logistics savings net of inflation, along with lower YoY restructuring charges compared to 2023.”
MMM 10-K
Confirmed
Auto Parts & Machinery
33 names are moving together; 36% are participating in the current session.
7 observed daily builds
Co-movement
Observed member paths adjusted against SPY. Shading marks the latest observation window.
Members
| TICKER | Company | Sector | Today | Observed activity |
|---|---|---|---|---|
| TOL | Toll Brothers, Inc. | Consumer Cyclical | -2.9% | Group member |
| RITM | Rithm Capital Corp. | Real Estate | -0.1% | Group member |
| GTES | Gates Industrial Corporation Lt | Industrials | +8.8% | Group member |
| CVCO | Cavco Industries, Inc. | Consumer Cyclical | -2.3% | Group member |
| QXO | QXO, Inc. | Industrials | -1.3% | Group member |
| ESAB | ESAB Corporation | Industrials | +1.1% | Group member |
| OSK | Oshkosh Corporation (Holding Co | Industrials | -0.2% | Group member |
| RTO | Rentokil Initial plc | Industrials | -3.7% | Group member |
| LEVI | Levi Strauss & Co | Consumer Cyclical | -0.1% | Group member |
| SMG | Scotts Miracle-Gro Company (The | Basic Materials | -3.9% | Group member |
| NDSN | Nordson Corporation | Industrials | +0.8% | Group member |
| ALV | Autoliv, Inc. | Consumer Cyclical | -0.7% | Group member |
| AXTA | Axalta Coating Systems Ltd. | Basic Materials | -0.6% | Group member |
| DLTR | Dollar Tree, Inc. | Consumer Defensive | -1.1% | Group member |
| BIRK | Birkenstock Holding plc | Consumer Cyclical | -4.5% | Group member |
| VTRS | Viatris Inc. | Healthcare | -1.2% | Group member |
| H | Hyatt Hotels Corporation | Consumer Cyclical | -1.4% | Group member |
| RL | Ralph Lauren Corporation | Consumer Cyclical | -1.4% | Group member |
| GXO | GXO Logistics, Inc. | Industrials | -0.6% | Group member |
| ASH | Ashland Inc. | Basic Materials | -0.1% | Group member |
| HON | Honeywell International Inc. | Industrials | +0.5% | Group member |
| MIDD | The Middleby Corporation | Industrials | +0.2% | Group member |
| MMM | 3M Company | Industrials | +0.1% | Most structurally connected |
| FMS | Fresenius Medical Care AG | Healthcare | -0.2% | Group member |
Why we believe this
Cohort
33 namesParticipation
36% this sessionObserved history
7 daily buildsFiling coverage
27/33 membersrestructuring affecting expense
“Decreases in 2024 were primarily driven by lower YoY net costs for significant litigation and restructuring charges compared to 2023.”
MMM 10-K
credit / rates affecting interest expense
“These were partially offset by higher non-operating net interest expense and pension expense (both apart from special items).”
MMM 10-K
This identity theme becomes less useful if activity narrows to one or two names instead of remaining broad across the cohort.
Connected, outside the group
JPM
ASHcustomer · Moving with the group now · 115 min observed
Filing receipt · JPM / ASH
“Under this program, JP Morgan and its affiliates may purchase certain confirmed receivables directly from suppliers pursuant to the terms of a separate arrangement enter…”
ASH · customer
STLA
ADNTcustomer · Current intraday read unavailable
Filing receipt · STLA / ADNT
“Customers Adient is a supplier to all of the global OEMs and has longstanding relationships with premier automotive manufacturers, including BMW, Mercedes-Benz Group, Fo…”
ADNT · customer
TGT
NWLcustomer · Current intraday read unavailable
Filing receipt · TGT / NWL
“The Company’s top-ten customers in 2025 included (in alphabetical order): Amazon.com Inc., Costco Wholesale Corporation, Grainger Inc., Office Depot Inc., Staples Inc.,…”
NWL · customer
AKBA
FMSdistributor · Current intraday read unavailable
Filing receipt · AKBA / FMS
“The Vifor License Agreement granted CSL Vifor an exclusive license to sell Vafseo to Fresenius Medical Care North America and its affiliates, including Fresenius Kidney…”
FMS · distributor
TD
RLcustomer · Current intraday read unavailable
Filing receipt · TD / RL
“Leased Toronto, Ontario Canada Third-party Parma, Italy Europe and Latin America Third-party Yokohama, Japan Japan Third-party Bugok, South Korea South Korea Leased Tuen…”
RL · customer
History
2026-06-1033 names in the durable cohort
2026-06-0923 names in the durable cohort
2026-06-0823 names in the durable cohort
2026-06-0519 names in the durable cohort
2026-06-0413 names in the durable cohort
2026-06-0315 names in the durable cohort
2026-06-0227 names in the durable cohort