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1,077 hedge funds and large institutions have $25.8B invested in Cummins in 2020 Q3 according to their latest regulatory filings, with 135 funds opening new positions, 351 increasing their positions, 435 reducing their positions, and 61 closing their positions.

New
Increased
Maintained
Reduced
Closed

121% more first-time investments, than exits

New positions opened: 135 | Existing positions closed: 61

92% more funds holding in top 10

Funds holding in top 10: 1325 (+12)

19% more capital invested

Capital invested by funds: $21.6B → $25.8B (+$4.19B)

7% more funds holding

Funds holding: 1,0111,077 (+66)

1.7% less ownership

Funds ownership: 84.5%82.8% (-1.7%)

14% less call options, than puts

Call options by funds: $255M | Put options by funds: $296M

19% less repeat investments, than reductions

Existing positions increased: 351 | Existing positions reduced: 435

Holders
1,077
Holders Change
+66
Holders Change %
+6.53%
% of All Funds
21.73%
Holding in Top 10
25
Holding in Top 10 Change
+12
Holding in Top 10 Change %
+92.31%
% of All Funds
0.5%
New
135
Increased
351
Reduced
435
Closed
61
Calls
$255M
Puts
$296M
Net Calls
-$41.5M
Net Calls Change
-$40M
Name Holding Trade Value Shares
Change
Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$2.75B -$58.5M -293,511 -2%
BlackRock
2
BlackRock
New York
$2.7B +$27M +135,530 +1%
State Street
3
State Street
Massachusetts
$1.51B +$2.02M +10,141 +0.1%
T. Rowe Price Associates
4
T. Rowe Price Associates
Maryland
$1.3B +$216M +1,085,898 +21%
Capital Research Global Investors
5
Capital Research Global Investors
California
$641M -$7.64M -38,352 -1%
LSV Asset Management
6
LSV Asset Management
Illinois
$577M -$47M -235,693 -8%
Geode Capital Management
7
Geode Capital Management
Massachusetts
$567M -$21.6M -108,200 -4%
Hotchkis & Wiley Capital Management
8
Hotchkis & Wiley Capital Management
California
$506M -$72.9M -365,770 -13%
Northern Trust
9
Northern Trust
Illinois
$476M -$12.3M -61,860 -3%
First Eagle Investment Management
10
First Eagle Investment Management
New York
$445M -$20.6M -103,286 -5%
Franklin Resources
11
Franklin Resources
California
$444M +$339M +1,700,483 +421%
Norges Bank
12
Norges Bank
Norway
$426M +$4.32M +21,690 +1%
Charles Schwab
13
Charles Schwab
California
$424M +$2.92M +14,651 +0.7%
Bank of New York Mellon
14
Bank of New York Mellon
New York
$379M -$64.1M -321,769 -15%
Boston Partners
15
Boston Partners
Massachusetts
$371M -$42.4M -213,027 -11%
Ameriprise
16
Ameriprise
Minnesota
$343M -$266M -1,335,068 -45%
Invesco
17
Invesco
Georgia
$332M -$39.2M -196,999 -11%
Dimensional Fund Advisors
18
Dimensional Fund Advisors
Texas
$296M -$9.16M -45,992 -3%
Wells Fargo
19
Wells Fargo
California
$292M -$59.2M -297,391 -18%
Legal & General Group
20
Legal & General Group
United Kingdom
$275M -$4.64M -23,304 -2%
Harris Associates
21
Harris Associates
Illinois
$274M -$51.2M -256,789 -17%
UBS AM
22
UBS AM
Illinois
$259M +$13.3M +66,578 +6%
AIG
23
American International Group
New York
$247M -$24.2M -121,521 -9%
Fidelity Investments
24
Fidelity Investments
Massachusetts
$231M -$60.6M -304,182 -22%
AAMU
25
Amundi Asset Management US
Massachusetts
$223M +$9.21M +46,240 +5%

CMI Hedge Fund Activity: Q3 2020 in Review

1,077 of the 4,957 institutional investors tracked by Wall St. Rank reported a position in Cummins (CMI) for Q3 2020, worth a combined $25.8B — up 19% from $21.6B a quarter earlier.

Buyers outnumbered sellers: 135 funds opened new CMI positions and 61 closed out — a net gain of 74 holders — while 351 added to existing stakes and 435 trimmed.

The largest buyer was Franklin Resources, adding an estimated $339M. The largest seller was Credit Suisse, cutting an estimated $269M.

  • 1,077 institutional investors held Cummins (CMI) as of Q3 2020, up from 1,011 in Q2 2020.
  • Funds reported $25.8B of Cummins stock for Q3 2020, up 19% quarter-over-quarter.
  • 135 funds opened new Cummins positions in Q3 2020 and 61 closed out, a net change of +74 holders.
  • The largest Cummins buyer in Q3 2020 was Franklin Resources, an estimated $339M added.
  • The largest Cummins seller in Q3 2020 was Credit Suisse, an estimated $269M sold.

Based on aggregated 13F filings for Q3 2020.