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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
SOMRS
201
State of Michigan Retirement System
Michigan
$6.1M
ERSOT
202
Employees Retirement System of Texas
Texas
$6.09M
Jacobs Levy Equity Management
203
Jacobs Levy Equity Management
New Jersey
$6.07M -$3.8M -25,390 -36%
MIM
204
MetLife Investment Management
New Jersey
$6.06M -$191K -1,274 -3%
SDIC
205
South Dakota Investment Council
South Dakota
$5.87M +$5.89M +39,320 +819%
D.E. Shaw & Co
206
D.E. Shaw & Co
New York
$5.86M +$4.18M +27,957 +173%
MCIM
207
Meadow Creek Investment Management
Georgia
$5.84M -$3.52M -23,504 -35%
LCM
208
Logan Capital Management
Pennsylvania
$5.78M -$410K -2,741 -6%
Treasurer of the State of North Carolina
209
Treasurer of the State of North Carolina
North Carolina
$5.77M +$2.69M +18,004 +71%
AIA
210
Affinity Investment Advisors
California
$5.75M -$678K -4,527 -9%
Lazard Asset Management
211
Lazard Asset Management
New York
$5.69M -$20.2M -134,878 -76%
AIM
212
Assured Investment Management
New York
$5.65M +$3.06M +20,457 +93%
DnB Asset Management
213
DnB Asset Management
Norway
$5.64M +$778K +5,200 +14%
Victory Capital Management
214
Victory Capital Management
Texas
$5.63M -$4.73M -31,573 -43%
MNG
215
Manning & Napier Group
New York
$5.55M +$508K +3,393 +9%
Jane Street
216
Jane Street
New York
$5.52M -$3.72M -24,830 -37%
IA
217
IndexIQ Advisors
New York
$5.44M +$2.03M +13,581 +50%
DADC
218
D.A. Davidson & Co
Montana
$5.42M +$497K +3,322 +9%
SOADOR
219
State of Alaska Department of Revenue
Alaska
$5.34M +$1.66M +11,090 +38%
OAC
220
OMERS Administration Corp
Ontario, Canada
$5.33M +$524K +3,500 +10%
AC
221
AFAM Capital
Texas
$5.32M +$446K +2,982 +8%
Envestnet Asset Management
222
Envestnet Asset Management
Illinois
$5.32M -$137K -913 -2%
SGCA
223
Steel Grove Capital Advisors
Tennessee
$5.3M -$645K -4,306 -10%
HI
224
HBK Investments
Texas
$5.28M -$2.34M -15,649 -28%
WBC
225
Westpac Banking Corp
Australia
$5.27M -$85.2K -569 -1%

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.