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1,050 hedge funds and large institutions have $20.5B invested in Cummins in 2019 Q1 according to their latest regulatory filings, with 156 funds opening new positions, 402 increasing their positions, 355 reducing their positions, and 67 closing their positions.

New
Increased
Maintained
Reduced
Closed

133% more first-time investments, than exits

New positions opened: 156 | Existing positions closed: 67

77% more call options, than puts

Call options by funds: $474M | Put options by funds: $268M

40% more funds holding in top 10

Funds holding in top 10: 1014 (+4)

21% more capital invested

Capital invested by funds: $17B → $20.5B (+$3.48B)

13% more repeat investments, than reductions

Existing positions increased: 402 | Existing positions reduced: 355

8% more funds holding

Funds holding: 9711,050 (+79)

1.92% more ownership

Funds ownership: 80.69%82.61% (+1.9%)

Holders
1,050
Holders Change
+79
Holders Change %
+8.14%
% of All Funds
22.72%
Holding in Top 10
14
Holding in Top 10 Change
+4
Holding in Top 10 Change %
+40%
% of All Funds
0.3%
New
156
Increased
402
Reduced
355
Closed
67
Calls
$474M
Puts
$268M
Net Calls
+$206M
Net Calls Change
+$263M
Name Holding Trade Value Shares
Change
Change in
Stake
Legal & General Group
26
Legal & General Group
United Kingdom
$173M +$21.9M +146,270 +15%
Lord, Abbett & Co
27
Lord, Abbett & Co
New Jersey
$169M +$95.4M +635,720 +146%
Nordea Investment Management
28
Nordea Investment Management
Sweden
$166M -$7.15M -47,656 -4%
Bank of America
29
Bank of America
North Carolina
$165M +$14.6M +97,119 +10%
Goldman Sachs
30
Goldman Sachs
New York
$161M -$1.5M -10,016 -1%
UBS AM
31
UBS AM
Illinois
$158M +$35.8M +238,431 +31%
Ameriprise
32
Ameriprise
Minnesota
$151M -$1.58M -10,524 -1%
Prudential Financial
33
Prudential Financial
New Jersey
$147M -$48.6M -323,982 -26%
AQR Capital Management
34
AQR Capital Management
Connecticut
$136M +$37.6M +250,846 +41%
APG Asset Management
35
APG Asset Management
Netherlands
$136M -$9.59M -63,956 -6%
Boston Partners
36
Boston Partners
Massachusetts
$123M -$431M -2,875,170 -79%
Sumitomo Mitsui Trust Group
37
Sumitomo Mitsui Trust Group
Japan
$112M +$4.63M +30,847 +5%
PPA
38
Parametric Portfolio Associates
Washington
$106M +$1.16M +7,752 +1%
Millennium Management
39
Millennium Management
New York
$106M +$25.3M +168,370 +34%
Morgan Stanley
40
Morgan Stanley
New York
$103M -$163M -1,088,060 -62%
Point72 Asset Management
41
Point72 Asset Management
Connecticut
$102M +$65.6M +437,455 +207%
PAM
42
Panagora Asset Management
Massachusetts
$98.2M +$13.5M +89,705 +17%
First Trust Advisors
43
First Trust Advisors
Illinois
$97M +$57.5M +383,230 +166%
CI
44
Cincinnati Insurance
Ohio
$95.7M -$5.72M -38,100 -6%
Two Sigma Investments
45
Two Sigma Investments
New York
$95M -$3.55M -23,668 -4%
Royal Bank of Canada
46
Royal Bank of Canada
Ontario, Canada
$85.9M +$3.49M +23,262 +4%
BGC
47
Beutel, Goodman & Co
Ontario, Canada
$83M +$36.8M +245,166 +54%
TA
48
Teachers Advisors
New York
$82.9M +$8.33M +55,516 +12%
MA
49
Marshfield Associates
District of Columbia
$81.8M -$83K -553 -0.1%
Barclays
50
Barclays
United Kingdom
$80.6M +$38.5M +256,481 +101%

CMI Hedge Fund Activity: Q1 2019 in Review

1,050 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in Cummins (CMI) for Q1 2019, worth a combined $20.5B — up 21% from $17B a quarter earlier.

Buyers outnumbered sellers: 156 funds opened new CMI positions and 67 closed out — a net gain of 89 holders — while 402 added to existing stakes and 355 trimmed.

The largest buyer was American Century Companies, adding an estimated $157M. The largest seller was Boston Partners, cutting an estimated $431M.

  • 1,050 institutional investors held Cummins (CMI) as of Q1 2019, up from 971 in Q4 2018.
  • Funds reported $20.5B of Cummins stock for Q1 2019, up 21% quarter-over-quarter.
  • 156 funds opened new Cummins positions in Q1 2019 and 67 closed out, a net change of +89 holders.
  • The largest Cummins buyer in Q1 2019 was American Century Companies, an estimated $157M added.
  • The largest Cummins seller in Q1 2019 was Boston Partners, an estimated $431M sold.

Based on aggregated 13F filings for Q1 2019.