Cummins
774 hedge funds and large institutions have $17.3B invested in Cummins in 2016 Q3 according to their latest regulatory filings, with 82 funds opening new positions, 274 increasing their positions, 295 reducing their positions, and 54 closing their positions.
70% more funds holding in top 10
Funds holding in top 10: 10 → 17 (+7)
52% more first-time investments, than exits
New positions opened: 82 | Existing positions closed: 54
11% more capital invested
Capital invested by funds: $15.6B → $17.3B (+$1.73B)
2% more funds holding
Funds holding: 757 → 774 (+17)
0.23% less ownership
Funds ownership: 81.5% → 81.27% (-0.23%)
7% less repeat investments, than reductions
Existing positions increased: 274 | Existing positions reduced: 295
17% less call options, than puts
Call options by funds: $294M | Put options by funds: $353M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ninety One (UK)
London,
United Kingdom
|
+$177M |
| 2 |
American Century Companies
Kansas City,
Missouri
|
+$121M |
| 3 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
+$91.8M |
| 4 |
APG Asset Management
Amsterdam,
Netherlands
|
+$85.5M |
| 5 |
Morgan Stanley
New York
|
+$63.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital Research Global Investors
Los Angeles,
California
|
-$285M |
| 2 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$169M |
| 3 |
Capital World Investors
Los Angeles,
California
|
-$150M |
| 4 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
-$130M |
| 5 |
Harris Associates
Chicago,
Illinois
|
-$125M |
CMI Hedge Fund Activity: Q3 2016 in Review
774 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Cummins (CMI) for Q3 2016, worth a combined $17.3B — up 11% from $15.6B a quarter earlier.
Buyers outnumbered sellers: 82 funds opened new CMI positions and 54 closed out — a net gain of 28 holders — while 274 added to existing stakes and 295 trimmed.
The largest buyer was Ninety One (UK), opening a new position worth an estimated $177M. The largest seller was Capital Research Global Investors, cutting an estimated $285M.
- 774 institutional investors held Cummins (CMI) as of Q3 2016, up from 757 in Q2 2016.
- Funds reported $17.3B of Cummins stock for Q3 2016, up 11% quarter-over-quarter.
- 82 funds opened new Cummins positions in Q3 2016 and 54 closed out, a net change of +28 holders.
- The largest Cummins buyer in Q3 2016 was Ninety One (UK), an estimated $177M added.
- The largest Cummins seller in Q3 2016 was Capital Research Global Investors, an estimated $285M sold.
Based on aggregated 13F filings for Q3 2016.