Cummins
1,011 hedge funds and large institutions have $21.6B invested in Cummins in 2020 Q2 according to their latest regulatory filings, with 131 funds opening new positions, 306 increasing their positions, 421 reducing their positions, and 81 closing their positions.
160% more funds holding in top 10
Funds holding in top 10: 5 → 13 (+8)
62% more first-time investments, than exits
New positions opened: 131 | Existing positions closed: 81
33% more capital invested
Capital invested by funds: $16.3B → $21.6B (+$5.3B)
4% more funds holding
Funds holding: 969 → 1,011 (+42)
3.83% more ownership
Funds ownership: 80.66% → 84.49% (+3.8%)
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: 306 | 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
1,011 of the 4,888 institutional investors tracked by Wall St. Rank reported a position in Cummins (CMI) for Q2 2020, worth a combined $21.6B — up 33% from $16.3B a quarter earlier.
Buyers outnumbered sellers: 131 funds opened new CMI positions and 81 closed out — a net gain of 50 holders — while 306 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.
- 1,011 institutional investors held Cummins (CMI) as of Q2 2020, up from 969 in Q1 2020.
- Funds reported $21.6B of Cummins stock for Q2 2020, up 33% quarter-over-quarter.
- 131 funds opened new Cummins positions in Q2 2020 and 81 closed out, a net change of +50 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.