Cummins
777 hedge funds and large institutions have $22.3B invested in Cummins in 2014 Q1 according to their latest regulatory filings, with 78 funds opening new positions, 282 increasing their positions, 314 reducing their positions, and 42 closing their positions.
86% more first-time investments, than exits
New positions opened: 78 | Existing positions closed: 42
31% more funds holding in top 10
Funds holding in top 10: 16 → 21 (+5)
3% more funds holding
Funds holding: 754 → 777 (+23)
2% more capital invested
Capital invested by funds: $22B → $22.3B (+$367M)
2.87% less ownership
Funds ownership: 83.37% → 80.5% (-2.9%)
10% less repeat investments, than reductions
Existing positions increased: 282 | Existing positions reduced: 314
30% less call options, than puts
Call options by funds: $206M | Put options by funds: $295M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital World Investors
Los Angeles,
California
|
+$151M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$138M |
| 3 |
PP
Prudential plc
London, England,
United Kingdom
|
+$99.6M |
| 4 |
Two Sigma Investments
New York
|
+$69.9M |
| 5 |
Renaissance Technologies
New York
|
+$63.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCM
Marsico Capital Management
Denver,
Colorado
|
-$297M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$228M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$217M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
-$130M |
| 5 |
PHS
PFM Health Sciences
San Francisco,
California
|
-$73.7M |
CMI Hedge Fund Activity: Q1 2014 in Review
777 of the 3,463 institutional investors tracked by Wall St. Rank reported a position in Cummins (CMI) for Q1 2014, worth a combined $22.3B — up 1.7% from $22B a quarter earlier.
Buyers outnumbered sellers: 78 funds opened new CMI positions and 42 closed out — a net gain of 36 holders — while 282 added to existing stakes and 314 trimmed.
The largest buyer was Capital World Investors, adding an estimated $151M. The largest seller was Marsico Capital Management, exiting entirely with an estimated $297M sold.
- 777 institutional investors held Cummins (CMI) as of Q1 2014, up from 754 in Q4 2013.
- Funds reported $22.3B of Cummins stock for Q1 2014, up 1.7% quarter-over-quarter.
- 78 funds opened new Cummins positions in Q1 2014 and 42 closed out, a net change of +36 holders.
- The largest Cummins buyer in Q1 2014 was Capital World Investors, an estimated $151M added.
- The largest Cummins seller in Q1 2014 was Marsico Capital Management, an estimated $297M sold.
Based on aggregated 13F filings for Q1 2014.