Cummins
723 hedge funds and large institutions have $20.9B invested in Cummins in 2013 Q3 according to their latest regulatory filings, with 98 funds opening new positions, 264 increasing their positions, 266 reducing their positions, and 55 closing their positions.
78% more first-time investments, than exits
New positions opened: 98 | Existing positions closed: 55
54% more funds holding in top 10
Funds holding in top 10: 13 → 20 (+7)
23% more capital invested
Capital invested by funds: $16.9B → $20.9B (+$3.95B)
5% more funds holding
Funds holding: 687 → 723 (+36)
1.96% more ownership
Funds ownership: 82.24% → 84.2% (+2%)
1% less repeat investments, than reductions
Existing positions increased: 264 | Existing positions reduced: 266
29% less call options, than puts
Call options by funds: $258M | Put options by funds: $364M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital Research Global Investors
Los Angeles,
California
|
+$371M |
| 2 |
MCM
Marsico Capital Management
Denver,
Colorado
|
+$337M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$219M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$110M |
| 5 |
Norges Bank
Oslo,
Norway
|
+$72.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WRF
Waddell & Reed Financial
Overland Park,
Kansas
|
-$402M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$184M |
| 3 |
CCI
Columbus Circle Investors
|
-$93.1M |
| 4 |
RIM
Rainier Investment Management
Seattle,
Washington
|
-$77.4M |
| 5 |
KeyBank National Association
Cleveland,
Ohio
|
-$72M |
CMI Hedge Fund Activity: Q3 2013 in Review
723 of the 3,085 institutional investors tracked by Wall St. Rank reported a position in Cummins (CMI) for Q3 2013, worth a combined $20.9B — up 23% from $16.9B a quarter earlier.
Buyers outnumbered sellers: 98 funds opened new CMI positions and 55 closed out — a net gain of 43 holders — while 264 added to existing stakes and 266 trimmed.
The largest buyer was Capital Research Global Investors, adding an estimated $371M. The largest seller was Waddell & Reed Financial, cutting an estimated $402M.
- 723 institutional investors held Cummins (CMI) as of Q3 2013, up from 687 in Q2 2013.
- Funds reported $20.9B of Cummins stock for Q3 2013, up 23% quarter-over-quarter.
- 98 funds opened new Cummins positions in Q3 2013 and 55 closed out, a net change of +43 holders.
- The largest Cummins buyer in Q3 2013 was Capital Research Global Investors, an estimated $371M added.
- The largest Cummins seller in Q3 2013 was Waddell & Reed Financial, an estimated $402M sold.
Based on aggregated 13F filings for Q3 2013.