Cummins
926 hedge funds and large institutions have $17.8B invested in Cummins in 2018 Q2 according to their latest regulatory filings, with 85 funds opening new positions, 330 increasing their positions, 352 reducing their positions, and 122 closing their positions.
6% less repeat investments, than reductions
Existing positions increased: 330 | Existing positions reduced: 352
1.35% less ownership
Funds ownership: 82.45% → 81.1% (-1.3%)
5% less funds holding
Funds holding: 971 → 926 (-45)
19% less capital invested
Capital invested by funds: $22B → $17.8B (-$4.25B)
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: 85 | Existing positions closed: 122
86% less funds holding in top 10
Funds holding in top 10: 7 → 1 (-6)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Boston Partners
Boston,
Massachusetts
|
+$230M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$140M |
| 3 |
LSV Asset Management
Chicago,
Illinois
|
+$117M |
| 4 |
Harris Associates
Chicago,
Illinois
|
+$106M |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
+$99.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ninety One (UK)
London,
United Kingdom
|
-$150M |
| 2 |
BlackRock
New York
|
-$146M |
| 3 |
Capital World Investors
Los Angeles,
California
|
-$98M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
-$93M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
-$81M |
CMI Hedge Fund Activity: Q2 2018 in Review
926 of the 4,385 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 85 opened new positions — a net loss of 37 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.
- 926 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.
- 85 funds opened new Cummins positions in Q2 2018 and 122 closed out, a net change of -37 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.