Cummins
1,076 hedge funds and large institutions have $25.8B invested in Cummins in 2020 Q3 according to their latest regulatory filings, with 134 funds opening new positions, 351 increasing their positions, 435 reducing their positions, and 61 closing their positions.
120% more first-time investments, than exits
New positions opened: 134 | Existing positions closed: 61
92% more funds holding in top 10
Funds holding in top 10: 13 → 25 (+12)
20% more capital invested
Capital invested by funds: $21.6B → $25.8B (+$4.22B)
6% more funds holding
Funds holding: 1,011 → 1,076 (+65)
1.71% less ownership
Funds ownership: 84.49% → 82.78% (-1.7%)
13% less call options, than puts
Call options by funds: $257M | Put options by funds: $296M
19% less repeat investments, than reductions
Existing positions increased: 351 | Existing positions reduced: 435
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
+$339M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$216M |
| 3 |
DZ Bank
Frankfurt Am Main,
Germany
|
+$150M |
| 4 |
Fidelity International
Hamilton,
Bermuda
|
+$103M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$71.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$269M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$266M |
| 3 |
American Century Companies
Kansas City,
Missouri
|
-$259M |
| 4 |
Nordea Investment Management
Stockholm,
Sweden
|
-$156M |
| 5 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
-$72.9M |
CMI Hedge Fund Activity: Q3 2020 in Review
1,076 of the 4,970 institutional investors tracked by Wall St. Rank reported a position in Cummins (CMI) for Q3 2020, worth a combined $25.8B — up 20% from $21.6B a quarter earlier.
Buyers outnumbered sellers: 134 funds opened new CMI positions and 61 closed out — a net gain of 73 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.
- 1,076 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 20% quarter-over-quarter.
- 134 funds opened new Cummins positions in Q3 2020 and 61 closed out, a net change of +73 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.