Cummins
754 hedge funds and large institutions have $22B invested in Cummins in 2013 Q4 according to their latest regulatory filings, with 97 funds opening new positions, 274 increasing their positions, 288 reducing their positions, and 60 closing their positions.
62% more first-time investments, than exits
New positions opened: 97 | Existing positions closed: 60
5% more capital invested
Capital invested by funds: $20.9B → $22B (+$1.11B)
4% more funds holding
Funds holding: 723 → 754 (+31)
0.83% less ownership
Funds ownership: 84.2% → 83.37% (-0.83%)
5% less repeat investments, than reductions
Existing positions increased: 274 | Existing positions reduced: 288
20% less funds holding in top 10
Funds holding in top 10: 20 → 16 (-4)
26% less call options, than puts
Call options by funds: $307M | Put options by funds: $415M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Norges Bank
Oslo,
Norway
|
+$187M |
| 2 |
EARNEST Partners
Atlanta,
Georgia
|
+$119M |
| 3 |
Capital Research Global Investors
Los Angeles,
California
|
+$115M |
| 4 |
Capital World Investors
Los Angeles,
California
|
+$104M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
+$99.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$200M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$143M |
| 3 |
JP Morgan Chase
New York
|
-$103M |
| 4 |
PHS
PFM Health Sciences
San Francisco,
California
|
-$98.4M |
| 5 |
MCM
Marsico Capital Management
Denver,
Colorado
|
-$83.2M |
CMI Hedge Fund Activity: Q4 2013 in Review
754 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Cummins (CMI) for Q4 2013, worth a combined $22B — up 5.3% from $20.9B a quarter earlier.
Buyers outnumbered sellers: 97 funds opened new CMI positions and 60 closed out — a net gain of 37 holders — while 274 added to existing stakes and 288 trimmed.
The largest buyer was Norges Bank, adding an estimated $187M. The largest seller was Wellington Management Group, cutting an estimated $200M.
- 754 institutional investors held Cummins (CMI) as of Q4 2013, up from 723 in Q3 2013.
- Funds reported $22B of Cummins stock for Q4 2013, up 5.3% quarter-over-quarter.
- 97 funds opened new Cummins positions in Q4 2013 and 60 closed out, a net change of +37 holders.
- The largest Cummins buyer in Q4 2013 was Norges Bank, an estimated $187M added.
- The largest Cummins seller in Q4 2013 was Wellington Management Group, an estimated $200M sold.
Based on aggregated 13F filings for Q4 2013.