Dark Forest Capital Management’s Cummins CMI Stock Holding History

Dark Forest Capital Management’s Portfolio CMI Stock Details CMI Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	–	Sell	-6,806	Closed	-$2.87M	–	1030
2025 Q3	$2.87M	Sell	6,806 -2,293	-25%	-$879K	0.11%	312
2025 Q2	$2.98M	Sell	9,099 -4,797	-35%	-$1.49M	0.12%	270
2025 Q1	$4.36M	Buy	+13,896	New	+$4.9M	0.2%	103
2024 Q4	–	Sell	-1,566	Closed	-$507K	–	994
2024 Q3	$507K	Sell	1,566 -2,154	-58%	-$638K	0.06%	383
2024 Q2	$1.03M	Buy	+3,720	New	+$1.06M	0.19%	102
2022 Q3	–	Sell	-1	Closed	–	–	1178
2022 Q2	$0	Buy	+1	New	+$200	﹤0.01%	955
2022 Q1	–	Sell	-133	Closed	-$29K	–	1345
2021 Q4	$29K	Buy	133 +92	+224%	+$21K	0.01%	559
2021 Q3	$9K	Sell	41 -936	-96%	-$219K	﹤0.01%	1003
2021 Q2	$238K	Buy	+977	New	+$250K	0.1%	141

Other funds holding CMI

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.61T AUM 30.72% 1-Year Est. Return

Fisher Asset Management Camas, Washington $295B AUM 31.6% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

Northern Trust Chicago, Illinois $757B AUM 28.64% 1-Year Est. Return

Norges Bank Oslo, Norway $935B AUM

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

Dark Forest Capital Management's CMI Position: Q4 2025 in Review

Dark Forest Capital Management sold out of Cummins (CMI) in Q4 2025, closing a stake of 6,806 shares — an estimated $2.87M sold.

Dark Forest Capital Management first reported a position in CMI in Q2 2021 and held it in 9 quarters. The position peaked at $4.36M in Q1 2025. 1,872 funds tracked by Wall St. Rank hold CMI as of Q4 2025.

Dark Forest Capital Management reported no remaining Cummins position as of Q4 2025 after selling out during the quarter.
Dark Forest Capital Management sold 6,806 Cummins shares in Q4 2025, an estimated $2.87M.
Dark Forest Capital Management first reported a position in Cummins in Q2 2021 and held it in 9 quarters.
Dark Forest Capital Management's Cummins position peaked at $4.36M in Q1 2025.
1,872 funds tracked by Wall St. Rank held Cummins as of Q4 2025.

Based on Dark Forest Capital Management's 13F filing for Q4 2025, filed 17 Feb 2026.