Cummins
855 hedge funds and large institutions have $20.5B invested in Cummins in 2017 Q1 according to their latest regulatory filings, with 85 funds opening new positions, 298 increasing their positions, 339 reducing their positions, and 67 closing their positions.
29% more funds holding in top 10
Funds holding in top 10: 14 → 18 (+4)
27% more first-time investments, than exits
New positions opened: 85 | Existing positions closed: 67
10% more capital invested
Capital invested by funds: $18.6B → $20.5B (+$1.91B)
1% more funds holding
Funds holding: 848 → 855 (+7)
0.04% less ownership
Funds ownership: 80.77% → 80.73% (-0.04%)
12% less repeat investments, than reductions
Existing positions increased: 298 | Existing positions reduced: 339
48% less call options, than puts
Call options by funds: $191M | Put options by funds: $366M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$1.46B |
| 2 |
TPCM
Tide Point Capital Management
Old Greenwich,
Connecticut
|
+$85.6M |
| 3 |
Bank of New York Mellon
New York
|
+$83.4M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$75.6M |
| 5 |
American Century Companies
Kansas City,
Missouri
|
+$59.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital Research Global Investors
Los Angeles,
California
|
-$254M |
| 2 |
Harris Associates
Chicago,
Illinois
|
-$221M |
| 3 |
Credit Agricole
Montrouge Cedex,
France
|
-$129M |
| 4 |
Capital World Investors
Los Angeles,
California
|
-$81.9M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$75.6M |
CMI Hedge Fund Activity: Q1 2017 in Review
855 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Cummins (CMI) for Q1 2017, worth a combined $20.5B — up 10% from $18.6B a quarter earlier.
Buyers outnumbered sellers: 85 funds opened new CMI positions and 67 closed out — a net gain of 18 holders — while 298 added to existing stakes and 339 trimmed.
The largest buyer was BlackRock, adding an estimated $1.46B. The largest seller was Capital Research Global Investors, cutting an estimated $254M.
- 855 institutional investors held Cummins (CMI) as of Q1 2017, up from 848 in Q4 2016.
- Funds reported $20.5B of Cummins stock for Q1 2017, up 10% quarter-over-quarter.
- 85 funds opened new Cummins positions in Q1 2017 and 67 closed out, a net change of +18 holders.
- The largest Cummins buyer in Q1 2017 was BlackRock, an estimated $1.46B added.
- The largest Cummins seller in Q1 2017 was Capital Research Global Investors, an estimated $254M sold.
Based on aggregated 13F filings for Q1 2017.