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1,371 hedge funds and large institutions have $34.7B invested in Cummins in 2024 Q1 according to their latest regulatory filings, with 151 funds opening new positions, 436 increasing their positions, 580 reducing their positions, and 130 closing their positions.

New
Increased
Maintained
Reduced
Closed

157% more funds holding in top 10

Funds holding in top 10: 718 (+11)

20% more capital invested

Capital invested by funds: $28.9B → $34.7B (+$5.81B)

16% more first-time investments, than exits

New positions opened: 151 | Existing positions closed: 130

0% more funds holding

Funds holding: 1,3661,371 (+5)

7% less call options, than puts

Call options by funds: $413M | Put options by funds: $442M

1.98% less ownership

Funds ownership: 85.01%83.04% (-2%)

25% less repeat investments, than reductions

Existing positions increased: 436 | Existing positions reduced: 580

Holders
1,371
Holders Change
+5
Holders Change %
+0.37%
% of All Funds
19.75%
Holding in Top 10
18
Holding in Top 10 Change
+11
Holding in Top 10 Change %
+157.14%
% of All Funds
0.26%
New
151
Increased
436
Reduced
580
Closed
130
Calls
$413M
Puts
$442M
Net Calls
-$29.3M
Net Calls Change
-$295M
Name Holding Trade Value Shares
Change
Change in
Stake
Bank of New York Mellon
26
Bank of New York Mellon
New York
$272M -$17.9M -69,429 -7%
Nordea Investment Management
27
Nordea Investment Management
Sweden
$268M +$12.4M +48,211 +6%
Charles Schwab
28
Charles Schwab
California
$249M -$3.01M -11,674 -1%
UBS Group
29
UBS Group
Switzerland
$242M +$62.6M +242,873 +42%
Goldman Sachs
30
Goldman Sachs
New York
$242M -$102M -395,576 -32%
JP Morgan Chase
31
JP Morgan Chase
New York
$221M +$62.3M +241,863 +48%
Two Sigma Investments
32
Two Sigma Investments
New York
$217M +$156M +606,937 +470%
Fidelity Investments
33
Fidelity Investments
Massachusetts
$215M -$4.41M -17,095 -2%
Two Sigma Advisers
34
Two Sigma Advisers
New York
$212M +$135M +523,841 +269%
Invesco
35
Invesco
Georgia
$212M -$8.4M -32,596 -4%
Loomis, Sayles & Company
36
Loomis, Sayles & Company
Massachusetts
$199M -$6.82M -26,461 -4%
American Century Companies
37
American Century Companies
Missouri
$193M -$18M -69,798 -10%
Envestnet Asset Management
38
Envestnet Asset Management
Illinois
$186M +$4.87M +18,901 +3%
BGC
39
Beutel, Goodman & Co
Ontario, Canada
$184M -$79.7M -309,258 -33%
CI
40
Cincinnati Insurance
Ohio
$179M
HSBC Holdings
41
HSBC Holdings
United Kingdom
$166M +$24.9M +96,542 +21%
Deutsche Bank
42
Deutsche Bank
Germany
$159M -$13.4M -51,966 -9%
Barclays
43
Barclays
United Kingdom
$156M +$42.8M +166,004 +46%
HCM
44
Hamlin Capital Management
New York
$144M -$375K -1,456 -0.3%
AQR Capital Management
45
AQR Capital Management
Connecticut
$139M +$5.31M +20,607 +5%
Aberdeen Group
46
Aberdeen Group
United Kingdom
$135M +$8.09M +31,386 +7%
HighTower Advisors
47
HighTower Advisors
Illinois
$135M +$14.3M +55,497 +14%
Parnassus Investments
48
Parnassus Investments
California
$134M
Amundi
49
Amundi
France
$129M -$63.1M -244,845 -36%
Squarepoint
50
Squarepoint
New York
$126M +$110M +425,308 +11,073%

CMI Hedge Fund Activity: Q1 2024 in Review

1,371 of the 6,943 institutional investors tracked by Wall St. Rank reported a position in Cummins (CMI) for Q1 2024, worth a combined $34.7B — up 20% from $28.9B a quarter earlier.

Buyers outnumbered sellers: 151 funds opened new CMI positions and 130 closed out — a net gain of 21 holders — while 436 added to existing stakes and 580 trimmed.

The largest buyer was Pacer Advisors, adding an estimated $374M. The largest seller was Morgan Stanley, cutting an estimated $539M.

  • 1,371 institutional investors held Cummins (CMI) as of Q1 2024, up from 1,366 in Q4 2023.
  • Funds reported $34.7B of Cummins stock for Q1 2024, up 20% quarter-over-quarter.
  • 151 funds opened new Cummins positions in Q1 2024 and 130 closed out, a net change of +21 holders.
  • The largest Cummins buyer in Q1 2024 was Pacer Advisors, an estimated $374M added.
  • The largest Cummins seller in Q1 2024 was Morgan Stanley, an estimated $539M sold.

Based on aggregated 13F filings for Q1 2024.