Cummins
1,007 hedge funds and large institutions have $20.8B invested in Cummins in 2019 Q3 according to their latest regulatory filings, with 64 funds opening new positions, 396 increasing their positions, 386 reducing their positions, and 125 closing their positions.
3% more repeat investments, than reductions
Existing positions increased: 396 | Existing positions reduced: 386
2.26% less ownership
Funds ownership: 83.81% → 81.55% (-2.3%)
6% less funds holding
Funds holding: 1,073 → 1,007 (-66)
10% less call options, than puts
Call options by funds: $236M | Put options by funds: $262M
13% less capital invested
Capital invested by funds: $23.9B → $20.8B (-$3.09B)
49% less first-time investments, than exits
New positions opened: 64 | Existing positions closed: 125
63% less funds holding in top 10
Funds holding in top 10: 16 → 6 (-10)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$119M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$116M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$106M |
| 4 |
Schroder Investment Management Group
London,
United Kingdom
|
+$63.2M |
| 5 |
Holocene Advisors
New York
|
+$58.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Two Sigma Advisers
New York
|
-$135M |
| 2 |
Skandinaviska Enskilda Banken (SEB)
Stockholm,
Sweden
|
-$124M |
| 3 |
Man Group
London,
United Kingdom
|
-$79.4M |
| 4 |
Two Sigma Investments
New York
|
-$78.4M |
| 5 |
Norges Bank
Oslo,
Norway
|
-$62.4M |
CMI Hedge Fund Activity: Q3 2019 in Review
1,007 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Cummins (CMI) for Q3 2019, worth a combined $20.8B — down 13% from $23.9B a quarter earlier.
Sellers outnumbered buyers: 125 funds closed out of CMI and 64 opened new positions — a net loss of 61 holders — while 386 trimmed existing stakes and 396 added.
The largest buyer was BlackRock, adding an estimated $119M. The largest seller was Two Sigma Advisers, cutting an estimated $135M.
- 1,007 institutional investors held Cummins (CMI) as of Q3 2019, down from 1,073 in Q2 2019.
- Funds reported $20.8B of Cummins stock for Q3 2019, down 13% quarter-over-quarter.
- 64 funds opened new Cummins positions in Q3 2019 and 125 closed out, a net change of -61 holders.
- The largest Cummins buyer in Q3 2019 was BlackRock, an estimated $119M added.
- The largest Cummins seller in Q3 2019 was Two Sigma Advisers, an estimated $135M sold.
Based on aggregated 13F filings for Q3 2019.