Cummins
753 hedge funds and large institutions have $12.7B invested in Cummins in 2015 Q4 according to their latest regulatory filings, with 111 funds opening new positions, 231 increasing their positions, 330 reducing their positions, and 131 closing their positions.
1.19% less ownership
Funds ownership: 82.39% → 81.2% (-1.2%)
4% less funds holding
Funds holding: 781 → 753 (-28)
15% less first-time investments, than exits
New positions opened: 111 | Existing positions closed: 131
20% less capital invested
Capital invested by funds: $15.9B → $12.7B (-$3.26B)
30% less repeat investments, than reductions
Existing positions increased: 231 | Existing positions reduced: 330
42% less call options, than puts
Call options by funds: $175M | Put options by funds: $302M
80% less funds holding in top 10
Funds holding in top 10: 5 → 1 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Harris Associates
Chicago,
Illinois
|
+$418M |
| 2 |
AIG
American International Group
New York
|
+$302M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$201M |
| 4 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$195M |
| 5 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
+$190M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$656M |
| 2 |
Allianz Asset Management
Munich,
Germany
|
-$233M |
| 3 |
Capital Research Global Investors
Los Angeles,
California
|
-$230M |
| 4 |
Norges Bank
Oslo,
Norway
|
-$230M |
| 5 |
JP Morgan Chase
New York
|
-$175M |
CMI Hedge Fund Activity: Q4 2015 in Review
753 of the 3,813 institutional investors tracked by Wall St. Rank reported a position in Cummins (CMI) for Q4 2015, worth a combined $12.7B — down 20% from $15.9B a quarter earlier.
Sellers outnumbered buyers: 131 funds closed out of CMI and 111 opened new positions — a net loss of 20 holders — while 330 trimmed existing stakes and 231 added.
The largest buyer was Harris Associates, adding an estimated $418M. The largest seller was Bank of America, cutting an estimated $656M.
- 753 institutional investors held Cummins (CMI) as of Q4 2015, down from 781 in Q3 2015.
- Funds reported $12.7B of Cummins stock for Q4 2015, down 20% quarter-over-quarter.
- 111 funds opened new Cummins positions in Q4 2015 and 131 closed out, a net change of -20 holders.
- The largest Cummins buyer in Q4 2015 was Harris Associates, an estimated $418M added.
- The largest Cummins seller in Q4 2015 was Bank of America, an estimated $656M sold.
Based on aggregated 13F filings for Q4 2015.