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927 hedge funds and large institutions have $17.8B invested in Cummins in 2018 Q2 according to their latest regulatory filings, with 86 funds opening new positions, 330 increasing their positions, 352 reducing their positions, and 122 closing their positions.

New
Increased
Maintained
Reduced
Closed

6% less repeat investments, than reductions

Existing positions increased: 330 | Existing positions reduced: 352

1.25% less ownership

Funds ownership: 82.45%81.2% (-1.3%)

5% less funds holding

Funds holding: 971927 (-44)

19% less capital invested

Capital invested by funds: $22B → $17.8B (-$4.21B)

25% less call options, than puts

Call options by funds: $211M | Put options by funds: $280M

30% less first-time investments, than exits

New positions opened: 86 | Existing positions closed: 122

86% less funds holding in top 10

Funds holding in top 10: 71 (-6)

Holders
927
Holders Change
-44
Holders Change %
-4.53%
% of All Funds
21.22%
Holding in Top 10
1
Holding in Top 10 Change
-6
Holding in Top 10 Change %
-85.71%
% of All Funds
0.02%
New
86
Increased
330
Reduced
352
Closed
122
Calls
$211M
Puts
$280M
Net Calls
-$69M
Net Calls Change
+$154M
Name Holding Trade Value Shares
Change
Change in
Stake
Bank of New York Mellon
26
Bank of New York Mellon
New York
$168M -$1.79M -11,980 -0.9%
Prudential Financial
27
Prudential Financial
New Jersey
$166M +$5.16M +34,487 +3%
JP Morgan Chase
28
JP Morgan Chase
New York
$148M +$17.9M +119,441 +12%
Bank of America
29
Bank of America
North Carolina
$145M -$6.46M -43,177 -4%
Charles Schwab
30
Charles Schwab
California
$142M -$8.26M -55,205 -5%
Goldman Sachs
31
Goldman Sachs
New York
$142M -$24.2M -161,584 -13%
Ameriprise
32
Ameriprise
Minnesota
$141M -$93M -621,513 -37%
Two Sigma Investments
33
Two Sigma Investments
New York
$125M +$64.8M +433,209 +86%
Legal & General Group
34
Legal & General Group
United Kingdom
$110M -$7.37M -49,217 -6%
Millennium Management
35
Millennium Management
New York
$110M +$13.2M +88,098 +12%
Dimensional Fund Advisors
36
Dimensional Fund Advisors
Texas
$105M +$3.61M +24,100 +3%
Renaissance Technologies
37
Renaissance Technologies
New York
$104M +$67M +447,336 +134%
UBS AM
38
UBS AM
Illinois
$101M +$10.4M +69,476 +10%
CI
39
Cincinnati Insurance
Ohio
$88.6M
Invesco
40
Invesco
Georgia
$87.3M +$8.58M +57,330 +10%
Schroder Investment Management Group
41
Schroder Investment Management Group
United Kingdom
$77.5M +$6.71M +44,846 +8%
PPA
42
Parametric Portfolio Associates
Washington
$75.3M -$7.83M -52,344 -8%
Sumitomo Mitsui Trust Group
43
Sumitomo Mitsui Trust Group
Japan
$75.3M +$5.28M +35,246 +7%
PNC Financial Services Group
44
PNC Financial Services Group
Pennsylvania
$72.6M -$23.2M -154,923 -22%
Janus Henderson Group
45
Janus Henderson Group
United Kingdom
$72.5M -$16.9M -113,075 -17%
MA
46
Marshfield Associates
District of Columbia
$72M -$1.08M -7,242 -1%
Swiss National Bank
47
Swiss National Bank
Switzerland
$69.2M +$2.14M +14,300 +3%
California Public Employees Retirement System
48
California Public Employees Retirement System
California
$65.8M +$1.3M +8,686 +2%
Barclays
49
Barclays
United Kingdom
$63.7M +$12M +79,985 +20%
UBS Group
50
UBS Group
Switzerland
$63.5M -$19.7M -131,573 -22%

CMI Hedge Fund Activity: Q2 2018 in Review

927 of the 4,369 institutional investors tracked by Wall St. Rank reported a position in Cummins (CMI) for Q2 2018, worth a combined $17.8B — down 19% from $22B a quarter earlier.

Sellers outnumbered buyers: 122 funds closed out of CMI and 86 opened new positions — a net loss of 36 holders — while 352 trimmed existing stakes and 330 added.

The largest buyer was Boston Partners, adding an estimated $230M. The largest seller was Ninety One (UK), exiting entirely with an estimated $150M sold.

  • 927 institutional investors held Cummins (CMI) as of Q2 2018, down from 971 in Q1 2018.
  • Funds reported $17.8B of Cummins stock for Q2 2018, down 19% quarter-over-quarter.
  • 86 funds opened new Cummins positions in Q2 2018 and 122 closed out, a net change of -36 holders.
  • The largest Cummins buyer in Q2 2018 was Boston Partners, an estimated $230M added.
  • The largest Cummins seller in Q2 2018 was Ninety One (UK), an estimated $150M sold.

Based on aggregated 13F filings for Q2 2018.