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927 hedge funds and large institutions have $17.8B invested in Cummins in 2018 Q2 according to their latest regulatory filings, with 86 funds opening new positions, 330 increasing their positions, 352 reducing their positions, and 122 closing their positions.

New
Increased
Maintained
Reduced
Closed

6% less repeat investments, than reductions

Existing positions increased: 330 | Existing positions reduced: 352

1.25% less ownership

Funds ownership: 82.45%81.2% (-1.3%)

5% less funds holding

Funds holding: 971927 (-44)

19% less capital invested

Capital invested by funds: $22B → $17.8B (-$4.21B)

25% less call options, than puts

Call options by funds: $211M | Put options by funds: $280M

30% less first-time investments, than exits

New positions opened: 86 | Existing positions closed: 122

86% less funds holding in top 10

Funds holding in top 10: 71 (-6)

Holders
927
Holders Change
-44
Holders Change %
-4.53%
% of All Funds
21.22%
Holding in Top 10
1
Holding in Top 10 Change
-6
Holding in Top 10 Change %
-85.71%
% of All Funds
0.02%
New
86
Increased
330
Reduced
352
Closed
122
Calls
$211M
Puts
$280M
Net Calls
-$69M
Net Calls Change
+$154M
Name Holding Trade Value Shares
Change
Change in
Stake
PI
101
Putnam Investments
Massachusetts
$24.9M -$66M -440,945 -70%
National Pension Service
102
National Pension Service
South Korea
$24.7M +$2.74M +18,291 +11%
Manulife (Manufacturers Life Insurance)
103
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$23.7M -$394K -2,630 -1%
State of Wisconsin Investment Board
104
State of Wisconsin Investment Board
Wisconsin
$22.8M -$300K -2,003 -1%
HPC
105
HM Payson & Co
Maine
$22.6M +$5.34M +35,666 +27%
AIM
106
Artemis Investment Management
United Kingdom
$22.6M +$6.66M +44,500 +36%
PAMU
107
Pictet Asset Management (UK)
United Kingdom
$22.3M -$2.16M -14,400 -8%
UH
108
Unigestion Holding
Switzerland
$22.1M +$24.9M +166,400 New
Federated Hermes
109
Federated Hermes
Pennsylvania
$21.3M -$11.3M -75,239 -32%
Stifel Financial
110
Stifel Financial
Missouri
$19.8M -$1.76M -11,745 -7%
GIA
111
Gateway Investment Advisers
Ohio
$19.7M -$194K -1,295 -0.9%
Citigroup
112
Citigroup
New York
$19.4M +$7.38M +49,278 +51%
Voloridge Investment Management
113
Voloridge Investment Management
Florida
$18.9M +$21.2M +141,893 New
O
114
OppenheimerFunds
New York
$18.6M -$17.8M -119,151 -46%
ECM
115
Element Capital Management
New York
$17.9M -$7.58M -50,635 -27%
Chevy Chase Trust
116
Chevy Chase Trust
Maryland
$17.3M -$199K -1,330 -1%
AG
117
Aperio Group
California
$16.5M -$1.47M -9,799 -7%
US Bancorp
118
US Bancorp
Minnesota
$16.3M +$393K +2,625 +2%
RJFSA
119
Raymond James Financial Services Advisors
Florida
$16.2M +$233K +1,560 +1%
WCM
120
Wedge Capital Management
North Carolina
$15.4M +$1.86M +12,445 +12%
HighTower Advisors
121
HighTower Advisors
Illinois
$15.1M +$1.07M +7,173 +7%
USAA
122
United Services Automobile Association
Texas
$14.9M -$14.9M -99,514 -47%
Retirement Systems of Alabama
123
Retirement Systems of Alabama
Alabama
$14.9M +$428K +2,858 +3%
KBC Group
124
KBC Group
Belgium
$14.9M -$3.21M -21,433 -16%
RBCM
125
Raub Brock Capital Management
California
$14.8M +$803K +5,365 +5%

CMI Hedge Fund Activity: Q2 2018 in Review

927 of the 4,369 institutional investors tracked by Wall St. Rank reported a position in Cummins (CMI) for Q2 2018, worth a combined $17.8B — down 19% from $22B a quarter earlier.

Sellers outnumbered buyers: 122 funds closed out of CMI and 86 opened new positions — a net loss of 36 holders — while 352 trimmed existing stakes and 330 added.

The largest buyer was Boston Partners, adding an estimated $230M. The largest seller was Ninety One (UK), exiting entirely with an estimated $150M sold.

  • 927 institutional investors held Cummins (CMI) as of Q2 2018, down from 971 in Q1 2018.
  • Funds reported $17.8B of Cummins stock for Q2 2018, down 19% quarter-over-quarter.
  • 86 funds opened new Cummins positions in Q2 2018 and 122 closed out, a net change of -36 holders.
  • The largest Cummins buyer in Q2 2018 was Boston Partners, an estimated $230M added.
  • The largest Cummins seller in Q2 2018 was Ninety One (UK), an estimated $150M sold.

Based on aggregated 13F filings for Q2 2018.