Public Investment Fund’s Cummins CMI Stock Holding History

Public Investment Fund’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 Q3	–	Sell	-1,095,578	Closed	-$359M	–	26
2025 Q2	$359M	Sell	1,095,578 -543,407	-33%	-$168M	1.51%	6
2025 Q1	$514M	Hold	1,638,985	–	–	2.01%	9
2024 Q4	$571M	Hold	1,638,985	–	–	2.13%	11
2024 Q3	$531M	Hold	1,638,985	–	–	1.98%	13
2024 Q2	$454M	Sell	1,638,985 -161,316	-9%	-$46.1M	2.19%	7
2024 Q1	$530M	Hold	1,800,301	–	–	2.58%	6
2023 Q4	$431M	Hold	1,800,301	–	–	1.22%	26
2023 Q3	$411M	Hold	1,800,301	–	–	1.13%	26
2023 Q2	$441M	Hold	1,800,301	–	–	1.13%	28
2023 Q1	$430M	Hold	1,800,301	–	–	1.21%	25
2022 Q4	$436M	Hold	1,800,301	–	–	1.41%	18
2022 Q3	$366M	Hold	1,800,301	–	–	1%	23
2022 Q2	$348M	Hold	1,800,301	–	–	0.85%	29
2022 Q1	$369M	Hold	1,800,301	–	–	0.84%	10
2021 Q4	$393M	Hold	1,800,301	–	–	0.69%	10
2021 Q3	$404M	Buy	+1,800,301	New	+$422M	0.92%	9

Other funds holding CMI

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

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $2.3T AUM 54.33% 1-Year Est. Return

Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.88T AUM 44.46% 1-Year Est. Return

Fisher Asset Management Camas, Washington $336B AUM 34.66% 1-Year Est. Return

Northern Trust Chicago, Illinois $860B AUM 41.15% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.55T AUM 33.47% 1-Year Est. Return

T. Rowe Price Associates Baltimore, Maryland $999B AUM 46.22% 1-Year Est. Return

Public Investment Fund's CMI Position: Q3 2025 in Review

Public Investment Fund sold out of Cummins (CMI) in Q3 2025, closing a stake of 1,095,578 shares — an estimated $359M sold.

Public Investment Fund first reported a position in CMI in Q3 2021 and held it in 16 quarters. The position peaked at $571M in Q4 2024. 1,684 funds tracked by Wall St. Rank hold CMI as of Q3 2025.

Public Investment Fund reported no remaining Cummins position as of Q3 2025 after selling out during the quarter.
Public Investment Fund sold 1,095,578 Cummins shares in Q3 2025, an estimated $359M.
Public Investment Fund first reported a position in Cummins in Q3 2021 and held it in 16 quarters.
Public Investment Fund's Cummins position peaked at $571M in Q4 2024.
1,684 funds tracked by Wall St. Rank held Cummins as of Q3 2025.

Based on Public Investment Fund's 13F filing for Q3 2025, filed 14 Nov 2025.