Cummins
CMI
905 hedge funds and large institutions have $23.4B invested in Cummins in 2017 Q3 according to their latest regulatory filings, with 96 funds opening new positions, 316 increasing their positions, 328 reducing their positions, and 59 closing their positions.
63% more first-time investments, than exits
New positions opened: 96 | Existing positions closed: 59
5% more capital invested
Capital invested by funds: $22.2B → $23.4B (+$1.13B)
3% more funds holding
Funds holding: 879 → 905 (+26)
1.37% more ownership
Funds ownership: 81.67% → 83.04% (+1.4%)
0% more funds holding in top 10
Funds holding in top 10: 20 → 20 (0)
4% less repeat investments, than reductions
Existing positions increased: 316 | Existing positions reduced: 328
46% less call options, than puts
Call options by funds: $226M | Put options by funds: $416M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Boston Partners
Boston,
Massachusetts
|
+$401M |
| 2 |
Franklin Resources
San Mateo,
California
|
+$128M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$109M |
| 4 |
JIM
Jupiter Investment Management
London,
United Kingdom
|
+$101M |
| 5 |
Los Angeles Capital Management
Los Angeles,
California
|
+$62.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$310M |
| 2 |
VOYA Investment Management
Atlanta,
Georgia
|
-$104M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
-$83.9M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$65.1M |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
-$59.9M |
CMI Hedge Fund Activity: Q3 2017 in Review
905 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Cummins (CMI) for Q3 2017, worth a combined $23.4B — up 5.1% from $22.2B a quarter earlier.
Buyers outnumbered sellers: 96 funds opened new CMI positions and 59 closed out — a net gain of 37 holders — while 316 added to existing stakes and 328 trimmed.
The largest buyer was Boston Partners, opening a new position worth an estimated $401M. The largest seller was T. Rowe Price Associates, cutting an estimated $310M.
- 905 institutional investors held Cummins (CMI) as of Q3 2017, up from 879 in Q2 2017.
- Funds reported $23.4B of Cummins stock for Q3 2017, up 5.1% quarter-over-quarter.
- 96 funds opened new Cummins positions in Q3 2017 and 59 closed out, a net change of +37 holders.
- The largest Cummins buyer in Q3 2017 was Boston Partners, an estimated $401M added.
- The largest Cummins seller in Q3 2017 was T. Rowe Price Associates, an estimated $310M sold.
Based on aggregated 13F filings for Q3 2017.