Cummins
812 hedge funds and large institutions have $20B invested in Cummins in 2015 Q1 according to their latest regulatory filings, with 71 funds opening new positions, 312 increasing their positions, 326 reducing their positions, and 106 closing their positions.
4% less repeat investments, than reductions
Existing positions increased: 312 | Existing positions reduced: 326
1.48% less ownership
Funds ownership: 80.71% → 79.23% (-1.5%)
5% less funds holding
Funds holding: 858 → 812 (-46)
6% less capital invested
Capital invested by funds: $21.2B → $20B (-$1.24B)
7% less funds holding in top 10
Funds holding in top 10: 14 → 13 (-1)
22% less call options, than puts
Call options by funds: $220M | Put options by funds: $280M
33% less first-time investments, than exits
New positions opened: 71 | Existing positions closed: 106
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$390M |
| 2 |
JP Morgan Chase
New York
|
+$366M |
| 3 |
MAA
Managed Account Advisors
Jersey City,
New Jersey
|
+$302M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$82.4M |
| 5 |
American Century Companies
Kansas City,
Missouri
|
+$78.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$546M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$179M |
| 3 |
Balyasny Asset Management
Chicago,
Illinois
|
-$87.4M |
| 4 |
CIP
Cornerstone Investment Partners
Atlanta,
Georgia
|
-$86.5M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$75M |
CMI Hedge Fund Activity: Q1 2015 in Review
812 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Cummins (CMI) for Q1 2015, worth a combined $20B — down 5.8% from $21.2B a quarter earlier.
Sellers outnumbered buyers: 106 funds closed out of CMI and 71 opened new positions — a net loss of 35 holders — while 326 trimmed existing stakes and 312 added.
The largest buyer was Bank of America, adding an estimated $390M. The largest seller was Fidelity Investments, cutting an estimated $546M.
- 812 institutional investors held Cummins (CMI) as of Q1 2015, down from 858 in Q4 2014.
- Funds reported $20B of Cummins stock for Q1 2015, down 5.8% quarter-over-quarter.
- 71 funds opened new Cummins positions in Q1 2015 and 106 closed out, a net change of -35 holders.
- The largest Cummins buyer in Q1 2015 was Bank of America, an estimated $390M added.
- The largest Cummins seller in Q1 2015 was Fidelity Investments, an estimated $546M sold.
Based on aggregated 13F filings for Q1 2015.