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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.

New
Increased
Maintained
Reduced
Closed

1.19% less ownership

Funds ownership: 82.39%81.2% (-1.2%)

4% less funds holding

Funds holding: 781753 (-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: 51 (-4)

Holders
753
Holders Change
-28
Holders Change %
-3.59%
% of All Funds
19.75%
Holding in Top 10
1
Holding in Top 10 Change
-4
Holding in Top 10 Change %
-80%
% of All Funds
0.03%
New
111
Increased
231
Reduced
330
Closed
131
Calls
$175M
Puts
$302M
Net Calls
-$127M
Net Calls Change
-$22.5M
Name Holding Trade Value Shares
Change
Change in
Stake
State Street
1
State Street
Massachusetts
$1.1B -$7.81M -78,233 -0.6%
Capital Research Global Investors
2
Capital Research Global Investors
California
$1.02B -$230M -2,304,308 -17%
Harris Associates
3
Harris Associates
Illinois
$980M +$418M +4,180,924 +60%
Vanguard Group
4
Vanguard Group
Pennsylvania
$856M -$2.34M -23,389 -0.2%
Capital World Investors
5
Capital World Investors
California
$821M -$14.5M -145,169 -2%
Hotchkis & Wiley Capital Management
6
Hotchkis & Wiley Capital Management
California
$508M +$190M +1,900,295 +49%
BIT
7
BlackRock Institutional Trust
California
$381M -$716K -7,171 -0.2%
AIG
8
American International Group
New York
$276M +$302M +3,027,747 +2,841%
Bank of New York Mellon
9
Bank of New York Mellon
New York
$258M +$132M +1,324,429 +83%
T. Rowe Price Associates
10
T. Rowe Price Associates
Maryland
$208M +$201M +2,015,380 +583%
Northern Trust
11
Northern Trust
Illinois
$207M -$13.7M -136,824 -6%
BFA
12
BlackRock Fund Advisors
California
$191M +$38.9M +389,915 +22%
Massachusetts Financial Services
13
Massachusetts Financial Services
Massachusetts
$178M +$195M +1,947,692 +2,492%
Norges Bank
14
Norges Bank
Norway
$178M -$230M -2,302,853 -53%
CS
15
Credit Suisse
Switzerland
$163M +$144M +1,437,987 +349%
Deutsche Bank
16
Deutsche Bank
Germany
$163M -$30.2M -302,242 -14%
Wells Fargo
17
Wells Fargo
California
$148M -$38.6M -385,956 -19%
Two Sigma Advisers
18
Two Sigma Advisers
New York
$135M +$104M +1,039,794 +211%
Bank of America
19
Bank of America
North Carolina
$134M -$656M -6,566,916 -81%
Fidelity Investments
20
Fidelity Investments
Massachusetts
$128M +$16.1M +161,262 +12%
Two Sigma Investments
21
Two Sigma Investments
New York
$127M +$121M +1,212,858 +531%
First Eagle Investment Management
22
First Eagle Investment Management
New York
$126M +$143M +1,433,533 New
Geode Capital Management
23
Geode Capital Management
Massachusetts
$125M +$9.87M +98,846 +7%
BG
24
BlackRock Group
United Kingdom
$119M +$5.94M +59,493 +5%
Schroder Investment Management Group
25
Schroder Investment Management Group
United Kingdom
$114M +$9.12M +91,304 +8%

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.