Cummins
970 hedge funds and large institutions have $22B invested in Cummins in 2018 Q1 according to their latest regulatory filings, with 87 funds opening new positions, 354 increasing their positions, 370 reducing their positions, and 100 closing their positions.
4% less repeat investments, than reductions
Existing positions increased: 354 | Existing positions reduced: 370
1.72% less ownership
Funds ownership: 84.17% → 82.45% (-1.7%)
2% less funds holding
Funds holding: 992 → 970 (-22)
11% less capital invested
Capital invested by funds: $24.6B → $22B (-$2.65B)
13% less first-time investments, than exits
New positions opened: 87 | Existing positions closed: 100
50% less call options, than puts
Call options by funds: $226M | Put options by funds: $448M
53% less funds holding in top 10
Funds holding in top 10: 15 → 7 (-8)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital Research Global Investors
Los Angeles,
California
|
+$342M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$256M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$113M |
| 4 |
BlackRock
New York
|
+$79.6M |
| 5 |
PI
Putnam Investments
Boston,
Massachusetts
|
+$76.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ninety One (UK)
London,
United Kingdom
|
-$171M |
| 2 |
State Street
Boston,
Massachusetts
|
-$151M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$146M |
| 4 |
JIM
Jupiter Investment Management
London,
United Kingdom
|
-$133M |
| 5 |
Harris Associates
Chicago,
Illinois
|
-$124M |
CMI Hedge Fund Activity: Q1 2018 in Review
970 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Cummins (CMI) for Q1 2018, worth a combined $22B — down 11% from $24.6B a quarter earlier.
Sellers outnumbered buyers: 100 funds closed out of CMI and 87 opened new positions — a net loss of 13 holders — while 370 trimmed existing stakes and 354 added.
The largest buyer was Capital Research Global Investors, adding an estimated $342M. The largest seller was Ninety One (UK), cutting an estimated $171M.
- 970 institutional investors held Cummins (CMI) as of Q1 2018, down from 992 in Q4 2017.
- Funds reported $22B of Cummins stock for Q1 2018, down 11% quarter-over-quarter.
- 87 funds opened new Cummins positions in Q1 2018 and 100 closed out, a net change of -13 holders.
- The largest Cummins buyer in Q1 2018 was Capital Research Global Investors, an estimated $342M added.
- The largest Cummins seller in Q1 2018 was Ninety One (UK), an estimated $171M sold.
Based on aggregated 13F filings for Q1 2018.