Cummins
1,073 hedge funds and large institutions have $24B invested in Cummins in 2019 Q2 according to their latest regulatory filings, with 116 funds opening new positions, 406 increasing their positions, 390 reducing their positions, and 81 closing their positions.
43% more first-time investments, than exits
New positions opened: 116 | Existing positions closed: 81
17% more capital invested
Capital invested by funds: $20.5B → $24B (+$3.52B)
14% more funds holding in top 10
Funds holding in top 10: 14 → 16 (+2)
2% more funds holding
Funds holding: 1,050 → 1,073 (+23)
1.18% more ownership
Funds ownership: 82.67% → 83.85% (+1.2%)
4% more repeat investments, than reductions
Existing positions increased: 406 | Existing positions reduced: 390
3% less call options, than puts
Call options by funds: $254M | Put options by funds: $262M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AQR Capital Management
Greenwich,
Connecticut
|
+$246M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$205M |
| 3 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$164M |
| 4 |
Nuveen
Charlotte,
North Carolina
|
+$154M |
| 5 |
BlackRock
New York
|
+$103M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
-$467M |
| 2 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
-$107M |
| 3 |
Point72 Asset Management
Stamford,
Connecticut
|
-$106M |
| 4 |
Boston Partners
Boston,
Massachusetts
|
-$92.8M |
| 5 |
Millennium Management
New York
|
-$89.9M |
CMI Hedge Fund Activity: Q2 2019 in Review
1,073 of the 4,625 institutional investors tracked by Wall St. Rank reported a position in Cummins (CMI) for Q2 2019, worth a combined $24B — up 17% from $20.5B a quarter earlier.
Buyers outnumbered sellers: 116 funds opened new CMI positions and 81 closed out — a net gain of 35 holders — while 406 added to existing stakes and 390 trimmed.
The largest buyer was AQR Capital Management, adding an estimated $246M. The largest seller was Franklin Resources, cutting an estimated $467M.
- 1,073 institutional investors held Cummins (CMI) as of Q2 2019, up from 1,050 in Q1 2019.
- Funds reported $24B of Cummins stock for Q2 2019, up 17% quarter-over-quarter.
- 116 funds opened new Cummins positions in Q2 2019 and 81 closed out, a net change of +35 holders.
- The largest Cummins buyer in Q2 2019 was AQR Capital Management, an estimated $246M added.
- The largest Cummins seller in Q2 2019 was Franklin Resources, an estimated $467M sold.
Based on aggregated 13F filings for Q2 2019.