Cummins
879 hedge funds and large institutions have $22.3B invested in Cummins in 2017 Q2 according to their latest regulatory filings, with 91 funds opening new positions, 309 increasing their positions, 324 reducing their positions, and 60 closing their positions.
52% more first-time investments, than exits
New positions opened: 91 | Existing positions closed: 60
11% more funds holding in top 10
Funds holding in top 10: 18 → 20 (+2)
9% more capital invested
Capital invested by funds: $20.5B → $22.3B (+$1.75B)
3% more funds holding
Funds holding: 855 → 879 (+24)
0.96% more ownership
Funds ownership: 80.71% → 81.67% (+0.96%)
5% less repeat investments, than reductions
Existing positions increased: 309 | Existing positions reduced: 324
65% less call options, than puts
Call options by funds: $219M | Put options by funds: $632M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
+$177M |
| 2 |
Franklin Resources
San Mateo,
California
|
+$174M |
| 3 |
Credit Agricole
Montrouge Cedex,
France
|
+$146M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$138M |
| 5 |
Janus Henderson Group
London,
|
+$108M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$257M |
| 2 |
Harris Associates
Chicago,
Illinois
|
-$166M |
| 3 |
AQR Capital Management
Greenwich,
Connecticut
|
-$143M |
| 4 |
Capital Research Global Investors
Los Angeles,
California
|
-$101M |
| 5 |
TPCM
Tide Point Capital Management
Old Greenwich,
Connecticut
|
-$87.5M |
CMI Hedge Fund Activity: Q2 2017 in Review
879 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in Cummins (CMI) for Q2 2017, worth a combined $22.3B — up 8.6% from $20.5B a quarter earlier.
Buyers outnumbered sellers: 91 funds opened new CMI positions and 60 closed out — a net gain of 31 holders — while 309 added to existing stakes and 324 trimmed.
The largest buyer was AJO LP, adding an estimated $177M. The largest seller was T. Rowe Price Associates, cutting an estimated $257M.
- 879 institutional investors held Cummins (CMI) as of Q2 2017, up from 855 in Q1 2017.
- Funds reported $22.3B of Cummins stock for Q2 2017, up 8.6% quarter-over-quarter.
- 91 funds opened new Cummins positions in Q2 2017 and 60 closed out, a net change of +31 holders.
- The largest Cummins buyer in Q2 2017 was AJO LP, an estimated $177M added.
- The largest Cummins seller in Q2 2017 was T. Rowe Price Associates, an estimated $257M sold.
Based on aggregated 13F filings for Q2 2017.