Cummins
1,010 hedge funds and large institutions have $21.6B invested in Cummins in 2020 Q2 according to their latest regulatory filings, with 130 funds opening new positions, 307 increasing their positions, 421 reducing their positions, and 82 closing their positions.
160% more funds holding in top 10
Funds holding in top 10: 5 → 13 (+8)
59% more first-time investments, than exits
New positions opened: 130 | Existing positions closed: 82
32% more capital invested
Capital invested by funds: $16.3B → $21.6B (+$5.26B)
4% more funds holding
Funds holding: 970 → 1,010 (+40)
3.61% more ownership
Funds ownership: 80.89% → 84.5% (+3.6%)
1% less call options, than puts
Call options by funds: $268M | Put options by funds: $270M
27% less repeat investments, than reductions
Existing positions increased: 307 | Existing positions reduced: 421
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$506M |
| 2 |
Capital Research Global Investors
Los Angeles,
California
|
+$491M |
| 3 |
Nordea Investment Management
Stockholm,
Sweden
|
+$119M |
| 4 |
Charles Schwab
San Francisco,
California
|
+$98.3M |
| 5 |
Skandinaviska Enskilda Banken (SEB)
Stockholm,
Sweden
|
+$77.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
American Century Companies
Kansas City,
Missouri
|
-$109M |
| 2 |
Capital World Investors
Los Angeles,
California
|
-$108M |
| 3 |
AQR Capital Management
Greenwich,
Connecticut
|
-$81.5M |
| 4 |
Parnassus Investments
San Francisco,
California
|
-$67.1M |
| 5 |
Goldman Sachs
New York
|
-$59.6M |
CMI Hedge Fund Activity: Q2 2020 in Review
1,010 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Cummins (CMI) for Q2 2020, worth a combined $21.6B — up 32% from $16.3B a quarter earlier.
Buyers outnumbered sellers: 130 funds opened new CMI positions and 82 closed out — a net gain of 48 holders — while 307 added to existing stakes and 421 trimmed.
The largest buyer was T. Rowe Price Associates, adding an estimated $506M. The largest seller was American Century Companies, cutting an estimated $109M.
- 1,010 institutional investors held Cummins (CMI) as of Q2 2020, up from 970 in Q1 2020.
- Funds reported $21.6B of Cummins stock for Q2 2020, up 32% quarter-over-quarter.
- 130 funds opened new Cummins positions in Q2 2020 and 82 closed out, a net change of +48 holders.
- The largest Cummins buyer in Q2 2020 was T. Rowe Price Associates, an estimated $506M added.
- The largest Cummins seller in Q2 2020 was American Century Companies, an estimated $109M sold.
Based on aggregated 13F filings for Q2 2020.