Cummins
1,077 hedge funds and large institutions have $25.8B invested in Cummins in 2020 Q3 according to their latest regulatory filings, with 135 funds opening new positions, 351 increasing their positions, 435 reducing their positions, and 61 closing their positions.
121% more first-time investments, than exits
New positions opened: 135 | Existing positions closed: 61
92% more funds holding in top 10
Funds holding in top 10: 13 → 25 (+12)
19% more capital invested
Capital invested by funds: $21.6B → $25.8B (+$4.19B)
7% more funds holding
Funds holding: 1,011 → 1,077 (+66)
1.7% less ownership
Funds ownership: 84.5% → 82.8% (-1.7%)
14% less call options, than puts
Call options by funds: $255M | Put options by funds: $296M
19% less repeat investments, than reductions
Existing positions increased: 351 | Existing positions reduced: 435
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
+$339M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$216M |
| 3 |
DZ Bank
Frankfurt Am Main,
Germany
|
+$150M |
| 4 |
Fidelity International
Hamilton,
Bermuda
|
+$103M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$71.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$269M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$266M |
| 3 |
American Century Companies
Kansas City,
Missouri
|
-$259M |
| 4 |
Nordea Investment Management
Stockholm,
Sweden
|
-$156M |
| 5 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
-$72.9M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BL
1126
Balentine LLC
Atlanta,
Georgia
| – | -$34K | -199 | Closed |
|
|
RCA
1127
Reitz Capital Advisors
Freeland,
Michigan
| – | -$17K | -100 | Closed |
|
|
PGAM
1128
Princeton Global Asset Management
Princeton,
New Jersey
| – | -$15K | -88 | Closed |
|
|
CWM
1129
Campbell Wealth Management
Alexandria,
Virginia
| – | -$8K | -46 | Closed |
|
|
HI
1130
Hoey Investments
Coatesville,
Pennsylvania
| – | -$7K | -40 | Closed |
|
|
AAIM
1131
Asset Advisors Investment Management
Augusta,
Georgia
| – | -$6K | -35 | Closed |
|
|
SWM
1132
Selective Wealth Management
Forest,
Virginia
| – | -$5K | -27 | Closed |
|
1133
Kayne Anderson Rudnick Investment Management
Los Angeles,
California
| – | -$2K | -14 | Closed |
|
|
AWM
1134
Apollon Wealth Management
Mount Pleasant,
South Carolina
| – | -$2K | -13 | Closed |
|
|
CCM
1135
Copeland Capital Management
Conshohocken,
Pennsylvania
| – | -$2K | -13 | Closed |
|
|
EI
1136
Ellevest Inc
New York
| – | -$996 | -5 | Closed |
|
CMI Hedge Fund Activity: Q3 2020 in Review
1,077 of the 4,957 institutional investors tracked by Wall St. Rank reported a position in Cummins (CMI) for Q3 2020, worth a combined $25.8B — up 19% from $21.6B a quarter earlier.
Buyers outnumbered sellers: 135 funds opened new CMI positions and 61 closed out — a net gain of 74 holders — while 351 added to existing stakes and 435 trimmed.
The largest buyer was Franklin Resources, adding an estimated $339M. The largest seller was Credit Suisse, cutting an estimated $269M.
- 1,077 institutional investors held Cummins (CMI) as of Q3 2020, up from 1,011 in Q2 2020.
- Funds reported $25.8B of Cummins stock for Q3 2020, up 19% quarter-over-quarter.
- 135 funds opened new Cummins positions in Q3 2020 and 61 closed out, a net change of +74 holders.
- The largest Cummins buyer in Q3 2020 was Franklin Resources, an estimated $339M added.
- The largest Cummins seller in Q3 2020 was Credit Suisse, an estimated $269M sold.
Based on aggregated 13F filings for Q3 2020.