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927 hedge funds and large institutions have $17.8B invested in Cummins in 2018 Q2 according to their latest regulatory filings, with 86 funds opening new positions, 330 increasing their positions, 352 reducing their positions, and 122 closing their positions.

New
Increased
Maintained
Reduced
Closed

6% less repeat investments, than reductions

Existing positions increased: 330 | Existing positions reduced: 352

1.25% less ownership

Funds ownership: 82.45%81.2% (-1.3%)

5% less funds holding

Funds holding: 971927 (-44)

19% less capital invested

Capital invested by funds: $22B → $17.8B (-$4.21B)

25% less call options, than puts

Call options by funds: $211M | Put options by funds: $280M

30% less first-time investments, than exits

New positions opened: 86 | Existing positions closed: 122

86% less funds holding in top 10

Funds holding in top 10: 71 (-6)

Holders
927
Holders Change
-44
Holders Change %
-4.53%
% of All Funds
21.22%
Holding in Top 10
1
Holding in Top 10 Change
-6
Holding in Top 10 Change %
-85.71%
% of All Funds
0.02%
New
86
Increased
330
Reduced
352
Closed
122
Calls
$211M
Puts
$280M
Net Calls
-$69M
Net Calls Change
+$154M
Name Holding Trade Value Shares
Change
Change in
Stake
Lord, Abbett & Co
51
Lord, Abbett & Co
New Jersey
$60.6M -$1.59M -10,600 -2%
Robeco Institutional Asset Management
52
Robeco Institutional Asset Management
Netherlands
$60.5M -$2.24M -14,957 -3%
PAM
53
Panagora Asset Management
Massachusetts
$59.3M +$14.1M +94,156 +27%
Bank of Montreal
54
Bank of Montreal
Ontario, Canada
$56.8M -$7M -46,764 -10%
Royal Bank of Canada
55
Royal Bank of Canada
Ontario, Canada
$56.1M -$36.6M -244,700 -37%
HIM
56
Hermes Investment Management
United Kingdom
$54.8M +$6.46M +43,188 +12%
CS
57
Credit Suisse
Switzerland
$54.6M +$13.5M +90,527 +28%
TA
58
Teachers Advisors
New York
$52.9M -$25.2M -168,342 -30%
Mitsubishi UFJ Trust & Banking
59
Mitsubishi UFJ Trust & Banking
Japan
$52.3M +$1.33M +8,906 +2%
TCIM
60
TIAA CREF Investment Management
New York
$51.4M -$70.2M -468,670 -55%
Allianz Asset Management
61
Allianz Asset Management
Germany
$49.9M -$13.6M -90,628 -19%
EARNEST Partners
62
EARNEST Partners
Georgia
$49M -$1.68M -11,203 -3%
BNP Paribas Financial Markets
63
BNP Paribas Financial Markets
France
$48.7M +$41M +273,684 +295%
Los Angeles Capital Management
64
Los Angeles Capital Management
California
$48.4M -$72.1M -481,605 -57%
CWM
65
CIBC World Markets
New York
$48.4M +$51.4M +343,385 +1,701%
Parnassus Investments
66
Parnassus Investments
California
$46.5M +$37.4M +250,000 +250%
New York State Common Retirement Fund
67
New York State Common Retirement Fund
New York
$46.1M -$10.3M -68,870 -17%
RhumbLine Advisers
68
RhumbLine Advisers
Massachusetts
$44.4M -$401K -2,677 -0.8%
N
69
Natixis
France
$43.3M +$18.7M +125,012 +62%
SCP
70
Seizert Capital Partners
Michigan
$43.2M
HSBC Holdings
71
HSBC Holdings
United Kingdom
$42.2M -$24.7M -165,249 -34%
PA
72
Pinnacle Associates
New York
$41.8M -$6.52M -43,566 -12%
LWCFA
73
Loring Wolcott & Coolidge Fiduciary Advisors
Massachusetts
$41.3M -$3.62M -24,166 -7%
T. Rowe Price Associates
74
T. Rowe Price Associates
Maryland
$41M -$12.4K -83 -0%
Principal Financial Group
75
Principal Financial Group
Iowa
$38.5M -$26.6M -177,442 -38%

CMI Hedge Fund Activity: Q2 2018 in Review

927 of the 4,369 institutional investors tracked by Wall St. Rank reported a position in Cummins (CMI) for Q2 2018, worth a combined $17.8B — down 19% from $22B a quarter earlier.

Sellers outnumbered buyers: 122 funds closed out of CMI and 86 opened new positions — a net loss of 36 holders — while 352 trimmed existing stakes and 330 added.

The largest buyer was Boston Partners, adding an estimated $230M. The largest seller was Ninety One (UK), exiting entirely with an estimated $150M sold.

  • 927 institutional investors held Cummins (CMI) as of Q2 2018, down from 971 in Q1 2018.
  • Funds reported $17.8B of Cummins stock for Q2 2018, down 19% quarter-over-quarter.
  • 86 funds opened new Cummins positions in Q2 2018 and 122 closed out, a net change of -36 holders.
  • The largest Cummins buyer in Q2 2018 was Boston Partners, an estimated $230M added.
  • The largest Cummins seller in Q2 2018 was Ninety One (UK), an estimated $150M sold.

Based on aggregated 13F filings for Q2 2018.