Cummins
CMI
781 hedge funds and large institutions have $15.9B invested in Cummins in 2015 Q3 according to their latest regulatory filings, with 66 funds opening new positions, 314 increasing their positions, 302 reducing their positions, and 100 closing their positions.
1.6% more ownership
Funds ownership: 80.79% → 82.39% (+1.6%)
4% more repeat investments, than reductions
Existing positions increased: 314 | Existing positions reduced: 302
5% less funds holding
Funds holding: 820 → 781 (-39)
16% less capital invested
Capital invested by funds: $19.1B → $15.9B (-$3.14B)
30% less call options, than puts
Call options by funds: $244M | Put options by funds: $348M
34% less first-time investments, than exits
New positions opened: 66 | Existing positions closed: 100
58% less funds holding in top 10
Funds holding in top 10: 12 → 5 (-7)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Harris Associates
Chicago,
Illinois
|
+$597M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$405M |
| 3 |
SCP
Seizert Capital Partners
Birmingham,
Michigan
|
+$64.9M |
| 4 |
MA
Marshfield Associates
Washington,
District of Columbia
|
+$47.2M |
| 5 |
Two Sigma Advisers
New York
|
+$46.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$189M |
| 2 |
UBS AM
Chicago,
Illinois
|
-$108M |
| 3 |
Capital World Investors
Los Angeles,
California
|
-$103M |
| 4 |
ST
Spot Trading
Chicago,
Illinois
|
-$91.6M |
| 5 |
Schroder Investment Management Group
London,
United Kingdom
|
-$59.4M |
CMI Hedge Fund Activity: Q3 2015 in Review
781 of the 3,583 institutional investors tracked by Wall St. Rank reported a position in Cummins (CMI) for Q3 2015, worth a combined $15.9B — down 16% from $19.1B a quarter earlier.
Sellers outnumbered buyers: 100 funds closed out of CMI and 66 opened new positions — a net loss of 34 holders — while 302 trimmed existing stakes and 314 added.
The largest buyer was Harris Associates, adding an estimated $597M. The largest seller was Fidelity Investments, cutting an estimated $189M.
- 781 institutional investors held Cummins (CMI) as of Q3 2015, down from 820 in Q2 2015.
- Funds reported $15.9B of Cummins stock for Q3 2015, down 16% quarter-over-quarter.
- 66 funds opened new Cummins positions in Q3 2015 and 100 closed out, a net change of -34 holders.
- The largest Cummins buyer in Q3 2015 was Harris Associates, an estimated $597M added.
- The largest Cummins seller in Q3 2015 was Fidelity Investments, an estimated $189M sold.
Based on aggregated 13F filings for Q3 2015.