Cummins
848 hedge funds and large institutions have $18.6B invested in Cummins in 2016 Q4 according to their latest regulatory filings, with 131 funds opening new positions, 276 increasing their positions, 321 reducing their positions, and 48 closing their positions.
173% more first-time investments, than exits
New positions opened: 131 | Existing positions closed: 48
10% more funds holding
Funds holding: 774 → 848 (+74)
7% more capital invested
Capital invested by funds: $17.3B → $18.6B (+$1.24B)
0.5% less ownership
Funds ownership: 81.27% → 80.77% (-0.5%)
14% less repeat investments, than reductions
Existing positions increased: 276 | Existing positions reduced: 321
18% less funds holding in top 10
Funds holding in top 10: 17 → 14 (-3)
20% less call options, than puts
Call options by funds: $367M | Put options by funds: $458M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Norges Bank
Oslo,
Norway
|
+$108M |
| 2 |
Millennium Management
New York
|
+$101M |
| 3 |
AQR Capital Management
Greenwich,
Connecticut
|
+$79M |
| 4 |
Two Sigma Investments
New York
|
+$75.8M |
| 5 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$67.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital World Investors
Los Angeles,
California
|
-$398M |
| 2 |
Harris Associates
Chicago,
Illinois
|
-$331M |
| 3 |
Bank of New York Mellon
New York
|
-$208M |
| 4 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
-$127M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$115M |
CMI Hedge Fund Activity: Q4 2016 in Review
848 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Cummins (CMI) for Q4 2016, worth a combined $18.6B — up 7.2% from $17.3B a quarter earlier.
Buyers outnumbered sellers: 131 funds opened new CMI positions and 48 closed out — a net gain of 83 holders — while 276 added to existing stakes and 321 trimmed.
The largest buyer was Norges Bank, adding an estimated $108M. The largest seller was Capital World Investors, cutting an estimated $398M.
- 848 institutional investors held Cummins (CMI) as of Q4 2016, up from 774 in Q3 2016.
- Funds reported $18.6B of Cummins stock for Q4 2016, up 7.2% quarter-over-quarter.
- 131 funds opened new Cummins positions in Q4 2016 and 48 closed out, a net change of +83 holders.
- The largest Cummins buyer in Q4 2016 was Norges Bank, an estimated $108M added.
- The largest Cummins seller in Q4 2016 was Capital World Investors, an estimated $398M sold.
Based on aggregated 13F filings for Q4 2016.