Cummins
858 hedge funds and large institutions have $21.2B invested in Cummins in 2014 Q4 according to their latest regulatory filings, with 128 funds opening new positions, 331 increasing their positions, 293 reducing their positions, and 51 closing their positions.
151% more first-time investments, than exits
New positions opened: 128 | Existing positions closed: 51
13% more repeat investments, than reductions
Existing positions increased: 331 | Existing positions reduced: 293
9% more capital invested
Capital invested by funds: $19.4B → $21.2B (+$1.82B)
8% more funds holding
Funds holding: 792 → 858 (+66)
0.68% more ownership
Funds ownership: 80.04% → 80.71% (+0.68%)
7% less funds holding in top 10
Funds holding in top 10: 15 → 14 (-1)
12% less call options, than puts
Call options by funds: $333M | Put options by funds: $377M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital Research Global Investors
Los Angeles,
California
|
+$232M |
| 2 |
Capital World Investors
Los Angeles,
California
|
+$111M |
| 3 |
Schroder Investment Management Group
London,
United Kingdom
|
+$89.3M |
| 4 |
Balyasny Asset Management
Chicago,
Illinois
|
+$85.7M |
| 5 |
Harris Associates
Chicago,
Illinois
|
+$69.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WRF
Waddell & Reed Financial
Overland Park,
Kansas
|
-$115M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$105M |
| 3 |
AIM
abrdn Investment Management
Edinburgh,
United Kingdom
|
-$76.8M |
| 4 |
BA
BlackRock Advisors
Wilmington,
Delaware
|
-$69.3M |
| 5 |
MAM
Marketfield Asset Management
New York
|
-$58.9M |
CMI Hedge Fund Activity: Q4 2014 in Review
858 of the 3,750 institutional investors tracked by Wall St. Rank reported a position in Cummins (CMI) for Q4 2014, worth a combined $21.2B — up 9.4% from $19.4B a quarter earlier.
Buyers outnumbered sellers: 128 funds opened new CMI positions and 51 closed out — a net gain of 77 holders — while 331 added to existing stakes and 293 trimmed.
The largest buyer was Capital Research Global Investors, adding an estimated $232M. The largest seller was Waddell & Reed Financial, cutting an estimated $115M.
- 858 institutional investors held Cummins (CMI) as of Q4 2014, up from 792 in Q3 2014.
- Funds reported $21.2B of Cummins stock for Q4 2014, up 9.4% quarter-over-quarter.
- 128 funds opened new Cummins positions in Q4 2014 and 51 closed out, a net change of +77 holders.
- The largest Cummins buyer in Q4 2014 was Capital Research Global Investors, an estimated $232M added.
- The largest Cummins seller in Q4 2014 was Waddell & Reed Financial, an estimated $115M sold.
Based on aggregated 13F filings for Q4 2014.