Cummins
1,093 hedge funds and large institutions have $22B invested in Cummins in 2019 Q4 according to their latest regulatory filings, with 156 funds opening new positions, 348 increasing their positions, 430 reducing their positions, and 53 closing their positions.
194% more first-time investments, than exits
New positions opened: 156 | Existing positions closed: 53
8% more funds holding
Funds holding: 1,008 → 1,093 (+85)
6% more capital invested
Capital invested by funds: $20.8B → $22B (+$1.24B)
0% less call options, than puts
Call options by funds: $376M | Put options by funds: $376M
0.9% less ownership
Funds ownership: 81.55% → 80.65% (-0.9%)
17% less funds holding in top 10
Funds holding in top 10: 6 → 5 (-1)
19% less repeat investments, than reductions
Existing positions increased: 348 | Existing positions reduced: 430
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AIG
American International Group
New York
|
+$291M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$157M |
| 3 |
Norges Bank
Oslo,
Norway
|
+$58.3M |
| 4 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
+$43M |
| 5 |
Millennium Management
New York
|
+$41.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State Street
Boston,
Massachusetts
|
-$607M |
| 2 |
Holocene Advisors
New York
|
-$197M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$119M |
| 4 |
Skandinaviska Enskilda Banken (SEB)
Stockholm,
Sweden
|
-$86.1M |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
-$83.2M |
CMI Hedge Fund Activity: Q4 2019 in Review
1,093 of the 5,076 institutional investors tracked by Wall St. Rank reported a position in Cummins (CMI) for Q4 2019, worth a combined $22B — up 6% from $20.8B a quarter earlier.
Buyers outnumbered sellers: 156 funds opened new CMI positions and 53 closed out — a net gain of 103 holders — while 348 added to existing stakes and 430 trimmed.
The largest buyer was American International Group, adding an estimated $291M. The largest seller was State Street, cutting an estimated $607M.
- 1,093 institutional investors held Cummins (CMI) as of Q4 2019, up from 1,008 in Q3 2019.
- Funds reported $22B of Cummins stock for Q4 2019, up 6% quarter-over-quarter.
- 156 funds opened new Cummins positions in Q4 2019 and 53 closed out, a net change of +103 holders.
- The largest Cummins buyer in Q4 2019 was American International Group, an estimated $291M added.
- The largest Cummins seller in Q4 2019 was State Street, an estimated $607M sold.
Based on aggregated 13F filings for Q4 2019.