Cummins
1,050 hedge funds and large institutions have $20.5B invested in Cummins in 2019 Q1 according to their latest regulatory filings, with 156 funds opening new positions, 402 increasing their positions, 355 reducing their positions, and 67 closing their positions.
133% more first-time investments, than exits
New positions opened: 156 | Existing positions closed: 67
77% more call options, than puts
Call options by funds: $474M | Put options by funds: $268M
40% more funds holding in top 10
Funds holding in top 10: 10 → 14 (+4)
21% more capital invested
Capital invested by funds: $17B → $20.5B (+$3.48B)
13% more repeat investments, than reductions
Existing positions increased: 402 | Existing positions reduced: 355
8% more funds holding
Funds holding: 971 → 1,050 (+79)
1.92% more ownership
Funds ownership: 80.69% → 82.61% (+1.9%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
American Century Companies
Kansas City,
Missouri
|
+$157M |
| 2 |
Franklin Resources
San Mateo,
California
|
+$133M |
| 3 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$95.4M |
| 4 |
MHI
Miller Howard Investments
Kingston,
New York
|
+$69.5M |
| 5 |
Point72 Asset Management
Stamford,
Connecticut
|
+$65.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Boston Partners
Boston,
Massachusetts
|
-$431M |
| 2 |
Capital Research Global Investors
Los Angeles,
California
|
-$233M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
-$168M |
| 4 |
Morgan Stanley
New York
|
-$163M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$71.5M |
CMI Hedge Fund Activity: Q1 2019 in Review
1,050 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in Cummins (CMI) for Q1 2019, worth a combined $20.5B — up 21% from $17B a quarter earlier.
Buyers outnumbered sellers: 156 funds opened new CMI positions and 67 closed out — a net gain of 89 holders — while 402 added to existing stakes and 355 trimmed.
The largest buyer was American Century Companies, adding an estimated $157M. The largest seller was Boston Partners, cutting an estimated $431M.
- 1,050 institutional investors held Cummins (CMI) as of Q1 2019, up from 971 in Q4 2018.
- Funds reported $20.5B of Cummins stock for Q1 2019, up 21% quarter-over-quarter.
- 156 funds opened new Cummins positions in Q1 2019 and 67 closed out, a net change of +89 holders.
- The largest Cummins buyer in Q1 2019 was American Century Companies, an estimated $157M added.
- The largest Cummins seller in Q1 2019 was Boston Partners, an estimated $431M sold.
Based on aggregated 13F filings for Q1 2019.