Cummins
1,175 hedge funds and large institutions have $27.6B invested in Cummins in 2020 Q4 according to their latest regulatory filings, with 174 funds opening new positions, 420 increasing their positions, 401 reducing their positions, and 62 closing their positions.
181% more first-time investments, than exits
New positions opened: 174 | Existing positions closed: 62
9% more funds holding
Funds holding: 1,076 → 1,175 (+99)
7% more capital invested
Capital invested by funds: $25.8B → $27.6B (+$1.83B)
5% more repeat investments, than reductions
Existing positions increased: 420 | Existing positions reduced: 401
0.52% less ownership
Funds ownership: 82.78% → 82.26% (-0.52%)
36% less call options, than puts
Call options by funds: $216M | Put options by funds: $337M
44% less funds holding in top 10
Funds holding in top 10: 25 → 14 (-11)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$364M |
| 2 |
Prudential Financial
Newark,
New Jersey
|
+$117M |
| 3 |
Man Group
London,
United Kingdom
|
+$96.4M |
| 4 |
VNIM
Vaughan Nelson Investment Management
Houston,
Texas
|
+$85.6M |
| 5 |
Millennium Management
New York
|
+$80.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AIG
American International Group
New York
|
-$246M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$235M |
| 3 |
Fidelity International
Hamilton,
Bermuda
|
-$115M |
| 4 |
Franklin Resources
San Mateo,
California
|
-$114M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$104M |
CMI Hedge Fund Activity: Q4 2020 in Review
1,175 of the 5,676 institutional investors tracked by Wall St. Rank reported a position in Cummins (CMI) for Q4 2020, worth a combined $27.6B — up 7.1% from $25.8B a quarter earlier.
Buyers outnumbered sellers: 174 funds opened new CMI positions and 62 closed out — a net gain of 112 holders — while 420 added to existing stakes and 401 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $364M. The largest seller was American International Group, cutting an estimated $246M.
- 1,175 institutional investors held Cummins (CMI) as of Q4 2020, up from 1,076 in Q3 2020.
- Funds reported $27.6B of Cummins stock for Q4 2020, up 7.1% quarter-over-quarter.
- 174 funds opened new Cummins positions in Q4 2020 and 62 closed out, a net change of +112 holders.
- The largest Cummins buyer in Q4 2020 was Fidelity Investments, an estimated $364M added.
- The largest Cummins seller in Q4 2020 was American International Group, an estimated $246M sold.
Based on aggregated 13F filings for Q4 2020.