Cummins

CMI • NYSE

Cummins is a industrial - machinery company in the industrials sector on NYSE, led by Jennifer W. Rumsey, with a market cap of $79.3B. As of Q3 2025, 84% of shares are held by 1,636 institutional investors, with VANGUARD GROUP INC as the largest holder at 12.81%.

CEOJennifer W. Rumsey

Market Cap$79.3B

Industrial - Machinery

Industrials

Employees75.5K

Websitecummins.com

Country

United States of America

Overview

Overview of institutional ownership in CMI as of Q3 2025 with a market cap of $58.2B

All Institutions

Institutions: 1,636
Value Held: $48.6B
Shares Held: 115.2M
Avg Position: $29.7M
Median Position: $988.4K

Hedge Funds

Hedge Funds: 66
Value Held: $1.2B
Shares Held: 2.9M
Avg Position: $18.5M
Median Position: $2.5M

Ownership Breakdown

Institutional (non-HF)

81.49%

$47.4B

Hedge Funds

2.1%

$1.2B

Retail & Other

16.42%

$9.6B

Based on market cap of $58.2B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in CMI as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
VANGUARD GROUP INC Institution	Salim Ramji CEO	$7.5B 0.11% of portfolio	12.81% 17.6M shares	≤ Q2 2013 Held for 12y 6m+	$6.69T
BlackRock, Inc. Institution	Laurence D. Fink CEO	$4.9B 0.09% of portfolio	8.43% 11.6M shares	≤ Q2 2013 Held for 12y 6m+	$5.67T
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$2.7B 0.09% of portfolio	4.69% 6.5M shares	≤ Q2 2013 Held for 12y 6m+	$2.88T
FMR LLC Institution	-	$1.7B 0.09% of portfolio	2.99% 4.1M shares	≤ Q2 2013 Held for 12y 6m+	$1.92T
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$1.6B 0.10% of portfolio	2.75% 3.8M shares	≤ Q2 2013 Held for 12y 6m+	$1.65T
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$1.5B 0.10% of portfolio	2.58% 3.5M shares	≤ Q2 2013 Held for 12y 6m+	$1.57T
F Fisher Asset Management, LLC Institution	-	$1.4B 0.51% of portfolio	2.44% 3.4M shares	Q3 2016 Held for 9y 3m	$276.29B
NORTHERN TRUST CORP Institution	Michael G. O'Grady CEO	$729.5M 0.09% of portfolio	1.25% 1.7M shares	≤ Q2 2013 Held for 12y 6m+	$782.03B
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$696.1M 0.05% of portfolio	1.20% 1.6M shares	≤ Q2 2013 Held for 12y 6m+	$1.33T
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	Robert W Sharps President	$682.5M 0.07% of portfolio	1.17% 1.6M shares	≤ Q2 2013 Held for 12y 6m+	$912.31B

Net Capital Flow

Institutional buying and selling activity for CMI in Q3 2025

Traded: +$396.3M
Buyers: 783
Sellers: 659
Total Bought: +$4.2B
Total Sold: −$3.8B
Avg Position: $28.4M

Biggest Buyers

Institution	Net Bought	Current Position
FMR LLC Institution	+$1.2B +2.9M shares	$1.7B 4.1M shares
Robeco Investment Management, Inc. Long Only Manager	+$473.5M +1.1M shares	$473.5M 1.1M shares
BANK OF AMERICA CORP /DE/ Institution	+$255.2M +604.3K shares	$696.1M 1.6M shares
LONDON CO OF VIRGINIA Digital Asset Manager	+$231.7M +548.6K shares	$231.7M 548.6K shares
Bank of New York Mellon Corp Institution	+$206.3M +488.4K shares	$612.7M 1.5M shares
R ROYAL BANK OF CANADA Institution	+$200.5M +474.7K shares	$666.2M 1.6M shares
N Nuveen, LLC Institution	+$142.3M +336.9K shares	$298.8M 707.5K shares
Merewether Investment Management, LP Hedge Fund•Sector	+$91.1M +215.8K shares	$91.1M 215.8K shares
$DEUTSCHE BANK AG\ logo$ DEUTSCHE BANK AG\ Institution	+$69.0M +163.3K shares	$262.8M 622.1K shares
A Alyeska Investment Group, L.P. Hedge Fund•Multi-Strategy	+$68.8M +162.9K shares	$68.8M 162.9K shares

Biggest Sellers

Institution	Net Sold	Current Position
P PUBLIC INVESTMENT FUND Institution	−$358.8M −1.1M shares	Sold Off 0 shares
BlackRock, Inc. Institution	−$259.7M −614.9K shares	$4.9B 11.6M shares
A Amundi Institution	−$184.8M −421.0K shares	$267.6M 609.7K shares
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	−$175.4M −415.3K shares	$682.5M 1.6M shares
NORDEA INVESTMENT MANAGEMENT AB Institution	−$145.4M −347.4K shares	$112.3M 268.2K shares
Q Qube Research & Technologies Ltd Institution	−$132.9M −314.7K shares	$114.2M 270.4K shares
UBS Group AG Institution	−$124.1M −293.8K shares	$250.4M 592.8K shares
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC Long Only Manager	−$112.5M −266.4K shares	$534.9M 1.3M shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	−$109.9M −260.1K shares	$632.0M 1.5M shares
L LSV ASSET MANAGEMENT Long Only Manager	−$106.2M −251.4K shares	$326.6M 773.3K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited CMI in Q3 2025

New Positions: 100
New Value: $412.6M
Exited Positions: 78
Exited Value: $611.7M

New Positions

Institution	Position Value
LONDON CO OF VIRGINIA Digital Asset Manager	$231.7M 548.6K shares
Merewether Investment Management, LP Hedge Fund•Sector	$91.1M 215.8K shares
Cartenna Capital, LP Hedge Fund•Long/Short	$48.6M 115.0K shares
M Mercuria Capital Strategies, LLC Institution	$6.9M 16.2K shares
P PINNBROOK CAPITAL MANAGEMENT LP Hedge Fund•Global Macro	$3.1M 7.4K shares
PARR MCKNIGHT WEALTH MANAGEMENT GROUP, LLC RIA/Wealth	$2.7M 6.4K shares
B Brendel Financial Advisors LLC RIA/Wealth	$2.5M 5.9K shares
Huntleigh Advisors, Inc. RIA/Wealth	$2.3M 5.4K shares
P Perbak Capital Partners LLP Institution	$1.4M 3.3K shares
Innova Wealth Partners RIA/Wealth	$1.1M 2.7K shares

Exited Positions

Institution	Previous Position
P PUBLIC INVESTMENT FUND Institution	$358.8M 1.1M shares
A AXA Institution	$80.8M 246.8K shares
C Cubist Systematic Strategies, LLC Institution	$39.6M 120.9K shares
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$16.6M 50.7K shares
Aquatic Capital Management LLC Hedge Fund•Quant	$12.5M 38.1K shares
Edgestream Partners, L.P. Hedge Fund•Quant Macro	$10.7M 32.8K shares
L Laurel Wealth Advisors LLC RIA/Wealth	$8.7M 26.5K shares
TWO SIGMA ADVISERS, LLC Hedge Fund•Multi-Strategy	$7.4M 22.7K shares
ExodusPoint Capital Management, LP Hedge Fund•Multi-Strategy	$6.5M 20.0K shares
S SCOPUS ASSET MANAGEMENT, L.P. Hedge Fund•Long/Short	$6.4M 19.7K shares

Options Activity

Institutions with the largest Call and Put options positions in CMI as of Q3 2025

Call Positions: 29
Call Value: $294.5M
Put Positions: 29
Put Value: $248.3M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$118.2M 2.8K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$45.9M 1.1K contracts
J JANE STREET GROUP, LLC Institution	$22.4M 531.0 contracts
R ROYAL BANK OF CANADA Institution	$19.0M 450.0 contracts
B BNP PARIBAS ARBITRAGE, SA Institution	$15.9M 3.8 contracts
W WOLVERINE TRADING, LLC Institution	$15.4M 368.0 contracts
N NOMURA HOLDINGS INC Institution	$7.2M 171.0 contracts
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$7.1M 168.0 contracts
D Delta Accumulation, LLC Hedge Fund•Vol Arbitrage	$6.5M 200.0 contracts
C Cubist Systematic Strategies, LLC Institution	$6.1M 145.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$74.8M 1.8K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$41.1M 973.0 contracts
B BNP PARIBAS ARBITRAGE, SA Institution	$31.0M 7.3 contracts
A Aventail Capital Group, LP Hedge Fund•Long/Short	$15.2M 360.0 contracts
E Eisler Capital Management Ltd. Institution	$13.4M 316.0 contracts
W WOLVERINE TRADING, LLC Institution	$12.1M 288.0 contracts
D Delta Accumulation, LLC Hedge Fund•Vol Arbitrage	$8.2M 253.0 contracts
C Cubist Systematic Strategies, LLC Institution	$8.0M 190.0 contracts
H HSBC HOLDINGS PLC Institution	$7.3M 174.0 contracts
N NOMURA HOLDINGS INC Institution	$7.2M 171.0 contracts

Most Committed Institutions

Institutions with CMI as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
F FIFTHDELTA Ltd Institution	-	27.09% $86.6M	0.15% 205.1K shares	Q2 2025 Held for 6 months	$319.8M
C CINCINNATI CASUALTY CO Institution	-	9.88% $19.4M	0.03% 46.0K shares	Q4 2015 Held for 10 years	$196.7M
M Mercuria Capital Strategies, LLC Institution	-	9.03% $6.9M	0.01% 16.2K shares	Q3 2025 Held for 3 months	$75.9M
MARSHFIELD ASSOCIATES Long Only Manager	Jarron Hampton Smith COO	8.07% $466.5M	0.80% 1.1M shares	Q3 2015 Held for 10y 3m	$5.8B
T Tribune Investment Group LP Hedge Fund•Event Driven	Bogdan George Cosmaciuc CIO	6.55% $13.5M	0.02% 32.0K shares	Q2 2025 Held for 6 months	$206.4M
Two Point Capital Management, Inc. RIA/Wealth	John Bryan Mcgowan CEO	6.50% $16.2M	0.03% 38.3K shares	Q2 2025 Held for 6 months	$248.7M
WEYBOSSET RESEARCH & MANAGEMENT LLC RIA/Wealth	Jeannine Marie Bizier COO	5.51% $17.1M	0.03% 40.4K shares	Q2 2022 Held for 3y 6m	$309.8M
Hamlin Capital Management, LLC Long Only Manager	Mark (Nmn) Stitzer CEO	5.03% $221.0M	0.38% 523.2K shares	Q4 2018 Held for 7 years	$4.4B
C CINCINNATI INSURANCE CO Institution	-	4.18% $256.1M	0.44% 606.4K shares	Q4 2015 Held for 10 years	$6.1B
PRING TURNER CAPITAL GROUP INC RIA/Wealth	Thomas John Kopas CEO	4.13% $6.8M	0.01% 16.0K shares	Q4 2021 Held for 4 years	$163.8M

Hedge Fund Spotlight

Discover hedge funds investing in CMI

BALYASNY ASSET MANAGEMENT LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerDmitry Balyasny

Portfolio Value: $48.1B
Positions: 1,895
Last Reported: Q3 2025

Sector Allocation

Position in Cummins

Market Value: $966.0K
Shares Held: 2.3K
Portfolio Weight: 0.00%
Owned Since: 2021-Q3

Top Holding	Sector	Market Value	Weight
1 iShares Core S&P 500 ETF IVV	ETF ETF	$1.1B	2.29%
2 Microsoft MSFT	Software - Infrastructure Technology	$1.1B	2.23%
3 Nvidia NVDA	Semiconductors Technology	$905.7M	1.88%