Cummins
971 hedge funds and large institutions have $17B invested in Cummins in 2018 Q4 according to their latest regulatory filings, with 145 funds opening new positions, 311 increasing their positions, 393 reducing their positions, and 103 closing their positions.
67% more funds holding in top 10
Funds holding in top 10: 6 → 10 (+4)
41% more first-time investments, than exits
New positions opened: 145 | Existing positions closed: 103
3% more funds holding
Funds holding: 940 → 971 (+31)
0.22% more ownership
Funds ownership: 80.47% → 80.69% (+0.22%)
11% less capital invested
Capital invested by funds: $19.2B → $17B (-$2.18B)
21% less repeat investments, than reductions
Existing positions increased: 311 | Existing positions reduced: 393
26% less call options, than puts
Call options by funds: $164M | Put options by funds: $221M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$130M |
| 2 |
Parnassus Investments
San Francisco,
California
|
+$91.8M |
| 3 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
+$80.4M |
| 4 |
First Eagle Investment Management
New York
|
+$80.2M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$67.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital Research Global Investors
Los Angeles,
California
|
-$369M |
| 2 |
Boston Partners
Boston,
Massachusetts
|
-$245M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$132M |
| 4 |
CWM
CIBC World Markets
New York
|
-$70.4M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$61.9M |
CMI Hedge Fund Activity: Q4 2018 in Review
971 of the 4,489 institutional investors tracked by Wall St. Rank reported a position in Cummins (CMI) for Q4 2018, worth a combined $17B — down 11% from $19.2B a quarter earlier.
Buyers outnumbered sellers: 145 funds opened new CMI positions and 103 closed out — a net gain of 42 holders — while 311 added to existing stakes and 393 trimmed.
The largest buyer was Invesco, adding an estimated $130M. The largest seller was Capital Research Global Investors, cutting an estimated $369M.
- 971 institutional investors held Cummins (CMI) as of Q4 2018, up from 940 in Q3 2018.
- Funds reported $17B of Cummins stock for Q4 2018, down 11% quarter-over-quarter.
- 145 funds opened new Cummins positions in Q4 2018 and 103 closed out, a net change of +42 holders.
- The largest Cummins buyer in Q4 2018 was Invesco, an estimated $130M added.
- The largest Cummins seller in Q4 2018 was Capital Research Global Investors, an estimated $369M sold.
Based on aggregated 13F filings for Q4 2018.