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803 hedge funds and large institutions have $23.9B invested in Cummins in 2014 Q2 according to their latest regulatory filings, with 67 funds opening new positions, 265 increasing their positions, 332 reducing their positions, and 35 closing their positions.

New
Increased
Maintained
Reduced
Closed

91% more first-time investments, than exits

New positions opened: 67 | Existing positions closed: 35

14% more funds holding in top 10

Funds holding in top 10: 2124 (+3)

7% more capital invested

Capital invested by funds: $22.3B → $23.9B (+$1.53B)

3.66% more ownership

Funds ownership: 80.5%84.16% (+3.7%)

3% more funds holding

Funds holding: 777803 (+26)

9% less call options, than puts

Call options by funds: $264M | Put options by funds: $291M

20% less repeat investments, than reductions

Existing positions increased: 265 | Existing positions reduced: 332

Holders
803
Holders Change
+26
Holders Change %
+3.35%
% of All Funds
23.07%
Holding in Top 10
24
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+14.29%
% of All Funds
0.69%
New
67
Increased
265
Reduced
332
Closed
35
Calls
$264M
Puts
$291M
Net Calls
-$27M
Net Calls Change
+$61.9M
Name Holding Trade Value Shares
Change
Change in
Stake
State Street
1
State Street
Massachusetts
$2.05B +$19.6M +129,649 +1%
Capital World Investors
2
Capital World Investors
California
$1.85B -$1.3M -8,562 -0.1%
Fidelity Investments
3
Fidelity Investments
Massachusetts
$1.8B +$153M +1,013,259 +9%
Vanguard Group
4
Vanguard Group
Pennsylvania
$1.38B +$6.86M +45,343 +0.5%
Capital Research Global Investors
5
Capital Research Global Investors
California
$1.32B +$68.7M +454,000 +6%
Norges Bank
6
Norges Bank
Norway
$1.27B +$639M +4,224,801 +106%
BIT
7
BlackRock Institutional Trust
California
$709M -$17.8M -117,849 -2%
Bank of New York Mellon
8
Bank of New York Mellon
New York
$610M -$16.1M -106,216 -3%
Wells Fargo
9
Wells Fargo
California
$433M +$106M +701,382 +33%
Hotchkis & Wiley Capital Management
10
Hotchkis & Wiley Capital Management
California
$421M +$2.67M +17,636 +0.7%
Northern Trust
11
Northern Trust
Illinois
$419M -$23.5M -155,553 -5%
WRF
12
Waddell & Reed Financial
Kansas
$307M -$637K -4,210 -0.2%
CIP
13
Cornerstone Investment Partners
Georgia
$306M +$649K +4,290 +0.2%
Massachusetts Financial Services
14
Massachusetts Financial Services
Massachusetts
$281M +$2.36M +15,588 +0.9%
BFA
15
BlackRock Fund Advisors
California
$261M +$4.32M +28,544 +2%
UBS AM
16
UBS AM
Illinois
$258M -$1.47M -9,695 -0.6%
BG
17
BlackRock Group
United Kingdom
$257M +$49.7M +328,400 +25%
TCIM
18
TIAA CREF Investment Management
New York
$239M +$55.1M +364,372 +31%
Bank of America
19
Bank of America
North Carolina
$221M +$49.1M +324,650 +29%
MAM
20
Marketfield Asset Management
New York
$221M -$9.26M -61,178 -4%
AAMU
21
Amundi Asset Management US
Massachusetts
$203M -$19.2M -126,585 -9%
Franklin Resources
22
Franklin Resources
California
$200M +$879K +5,812 +0.4%
Geode Capital Management
23
Geode Capital Management
Massachusetts
$186M -$5.5M -36,361 -3%
WP
24
Wedgewood Partners
Missouri
$185M -$87M -575,139 -32%
PP
25
Prudential plc
United Kingdom
$169M +$57.1M +377,171 +53%

CMI Hedge Fund Activity: Q2 2014 in Review

803 of the 3,481 institutional investors tracked by Wall St. Rank reported a position in Cummins (CMI) for Q2 2014, worth a combined $23.9B — up 6.9% from $22.3B a quarter earlier.

Buyers outnumbered sellers: 67 funds opened new CMI positions and 35 closed out — a net gain of 32 holders — while 265 added to existing stakes and 332 trimmed.

The largest buyer was Norges Bank, adding an estimated $639M. The largest seller was Harris Associates, cutting an estimated $267M.

  • 803 institutional investors held Cummins (CMI) as of Q2 2014, up from 777 in Q1 2014.
  • Funds reported $23.9B of Cummins stock for Q2 2014, up 6.9% quarter-over-quarter.
  • 67 funds opened new Cummins positions in Q2 2014 and 35 closed out, a net change of +32 holders.
  • The largest Cummins buyer in Q2 2014 was Norges Bank, an estimated $639M added.
  • The largest Cummins seller in Q2 2014 was Harris Associates, an estimated $267M sold.

Based on aggregated 13F filings for Q2 2014.