Polar Capital’s Cummins CMI Stock Holding History

Polar Capital’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
2014 Q4	–	Sell	-197,132	Closed	-$26M	–	281
2014 Q3	$26M	Buy	197,132 +11,377	+6%	+$1.64M	0.55%	54
2014 Q2	$28.7M	Sell	185,755 -18,706	-9%	-$2.83M	0.61%	48
2014 Q1	$30.5M	Buy	204,461 +10,910	+6%	+$1.52M	0.7%	38
2013 Q4	$27.3M	Buy	193,551 +33,553	+21%	+$4.45M	0.65%	42
2013 Q3	$21.3K	Buy	159,998 +63,754	+66%	+$7.87M	0.57%	47
2013 Q2	$10.4M	Buy	+96,244	New	+$10.9M	0.36%	118

Other funds holding CMI

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

Capital World Investors Los Angeles, California $733B AUM 35.63% 1-Year Est. Return

Capital Research Global Investors Los Angeles, California $645B AUM 30.41% 1-Year Est. Return

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

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

BIT

BlackRock Institutional Trust San Francisco, California $675B AUM 16.07% 1-Year Est. Return

Norges Bank Oslo, Norway $935B AUM

Wells Fargo San Francisco, California $530B AUM 22.01% 1-Year Est. Return

Bank of New York Mellon New York $544B AUM 28.31% 1-Year Est. Return

Hotchkis & Wiley Capital Management Los Angeles, California $32.4B AUM 17.21% 1-Year Est. Return

Polar Capital's CMI Position: Q4 2014 in Review

Polar Capital sold out of Cummins (CMI) in Q4 2014, closing a stake of 197,132 shares — an estimated $26M sold.

Polar Capital first reported a position in CMI in Q2 2013 and held it in 6 quarters. The position peaked at $30.5M in Q1 2014. 858 funds tracked by Wall St. Rank hold CMI as of Q4 2014.

Polar Capital reported no remaining Cummins position as of Q4 2014 after selling out during the quarter.
Polar Capital sold 197,132 Cummins shares in Q4 2014, an estimated $26M.
Polar Capital first reported a position in Cummins in Q2 2013 and held it in 6 quarters.
Polar Capital's Cummins position peaked at $30.5M in Q1 2014.
858 funds tracked by Wall St. Rank held Cummins as of Q4 2014.

Based on Polar Capital's 13F filing for Q4 2014, filed 17 Feb 2015.