Cummins
793 hedge funds and large institutions have $19.4B invested in Cummins in 2014 Q3 according to their latest regulatory filings, with 75 funds opening new positions, 324 increasing their positions, 274 reducing their positions, and 74 closing their positions.
18% more repeat investments, than reductions
Existing positions increased: 324 | Existing positions reduced: 274
1% more first-time investments, than exits
New positions opened: 75 | Existing positions closed: 74
1% less funds holding
Funds holding: 803 → 793 (-10)
4.12% less ownership
Funds ownership: 84.16% → 80.04% (-4.1%)
19% less capital invested
Capital invested by funds: $23.9B → $19.4B (-$4.5B)
38% less funds holding in top 10
Funds holding in top 10: 24 → 15 (-9)
51% less call options, than puts
Call options by funds: $210M | Put options by funds: $432M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital Research Global Investors
Los Angeles,
California
|
+$242M |
| 2 |
CIP
Cornerstone Investment Partners
Atlanta,
Georgia
|
+$56M |
| 3 |
WI
WBI Investments
Red Bank,
New Jersey
|
+$52.3M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$50.1M |
| 5 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
+$45.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Norges Bank
Oslo,
Norway
|
-$558M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$516M |
| 3 |
Capital World Investors
Los Angeles,
California
|
-$108M |
| 4 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$108M |
| 5 |
WRF
Waddell & Reed Financial
Overland Park,
Kansas
|
-$105M |
CMI Hedge Fund Activity: Q3 2014 in Review
793 of the 3,448 institutional investors tracked by Wall St. Rank reported a position in Cummins (CMI) for Q3 2014, worth a combined $19.4B — down 19% from $23.9B a quarter earlier.
Buyers outnumbered sellers: 75 funds opened new CMI positions and 74 closed out — a net gain of 1 holder — while 324 added to existing stakes and 274 trimmed.
The largest buyer was Capital Research Global Investors, adding an estimated $242M. The largest seller was Norges Bank, cutting an estimated $558M.
- 793 institutional investors held Cummins (CMI) as of Q3 2014, down from 803 in Q2 2014.
- Funds reported $19.4B of Cummins stock for Q3 2014, down 19% quarter-over-quarter.
- 75 funds opened new Cummins positions in Q3 2014 and 74 closed out, a net change of +1 holder.
- The largest Cummins buyer in Q3 2014 was Capital Research Global Investors, an estimated $242M added.
- The largest Cummins seller in Q3 2014 was Norges Bank, an estimated $558M sold.
Based on aggregated 13F filings for Q3 2014.