Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Cummins Inc (CMI)

2K + Investors. Track Smart Money conviction in CMI. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +97
Streak
10Q ▲
Buyers last Q
51%

Smart Money Signals — CMI

Based on 1952 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 10 quarters in a row

last 6Q
For 10 consecutive quarters, more hedge funds added CMI than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
1,952 hedge funds hold CMI right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
🚀

Fast accumulation — +27% more funds vs a year ago

fund count last 6Q
+416 new funds entered over the past year (+27% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟡

Slight buying edge — 51% buying

921 buying872 selling
Last quarter: 921 funds bought or added vs 872 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
⚠️

Fewer new buyers each quarter (-75 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 136 → 216 → 303 → 228. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

61% of holders stayed for 2+ years

■ 61% conviction (2yr+) ■ 18% medium ■ 21% new
1,198 out of 1,952 hedge funds have held CMI for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
🚀

Acceleration phase — new buyers rushing in

182 → 136 → 216 → 303 → 228 new funds/Q
New funds entering each quarter: 136 → 216 → 303 → 228. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.
🏛️

Veteran-anchored — 65% veterans vs 24% newcomers

■ 65% veterans ■ 11% 1-2yr ■ 24% new
Entry-cohort mix of 2,001 holders: 1,304 (65%) are 2+ year veterans, 219 entered 1–2 years ago, and 478 (24%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 55% AUM from top-100 funds

55% from top-100 AUM funds
65 of 1947 holders are among the 100 largest funds by AUM, controlling 55% of total institutional value in CMI. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.9
out of 10
Low Exit Risk
Exit risk score 3.9/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — CMI

In 2026 Q1, 921 hedge funds were net buyers of CMI (228 opened a new position, 693 added to an existing one), while 872 reduced or exited (741 trimmed, 131 sold completely) — a 51% buyer ratio, indicating a slight buying edge. This marks 10 consecutive quarters of net institutional buying — a persistent conviction signal. 55% of total institutional value in CMI is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +97 funds (more new holders than closures). Total institutional holders: 1952.

Hedge Fund Ownership: CMI

How many hedge funds hold CMI — quarterly history vs. share price
Quarterly hedge fund ownership of CMI vs. share price

Market Analysis: CMI

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: CMI

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Cummins Inc (CMI) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much CMI has moved relative to its sector benchmark (XLI) since the 2026 Q2 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End June 30, 2026 · 45d ago
CMI
-10.6%
XLI
-51.8%

CMI outperformed XLI by +41.2% since June 30, 2026.

Since 13F Filing Date August 14, 2026 · 0d ago
CMI
+0.0%
XLI
+0.0%

Since the filing became public, CMI outperformed XLI by +0.0% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Broad Consensus, Selective Conviction

Many quality funds hold this stock, but top-tier positions remain relatively small.

96 top-rated funds 23 high-conviction
Consensus
8.6
/ 10
breadth
×
Elite
5.4
/ 10
conviction
Hedge Fund Positioning: CMI
2026 Q2 Stats Unlock in 5 days 2K + Investors

Track Smart Money conviction in CMI. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 1930 1853 4.16%
13F Shares 117M 122M -4.39%
Total Value $60.53B $60.39B 0.24%
New Positions 222 303 -81
Increased Positions 675 595 +80
Closed Positions 145 100 +45
Reduced Positions 718 661 +57
Total Calls 26 25 4.0%
Total Puts 26 27 -3.7%
PUT/CALL Ratio 1.0 1.08 Neutral

Statistics: CMI

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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Total Cash (mrq) --
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Institutional Holders (2026 Q2)

2K + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in CMI. Verified SEC 13F-HR filings.

QUARTER:
2026 Q2 filings are still coming in. Only funds that have filed so far are shown — top holders may not have reported yet. Full 13F data typically settles by ~50 days after quarter-end.
Top 25 CMI holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Cincinnati Casualty Co 17.41% 46,000 $32.8M
2 Two Point Capital Management, Inc. 7.92% 27,572 $19.7M
3 Weybosset Research & Management LLC 6.96% 37,150 $26.5M
4 Hamlin Capital Management, LLC 6.16% 384,365 $274.1M
5 Orion Investment Co 4.73% 22,737 $16.2M
6 Cincinnati Insurance Co 4.40% 427,800 $305.1M
7 Eldred Rock Partners, LLC 4.11% 26,782 $19.1M
8 Westhampton Capital, LLC 4.03% 13,607 $9.7M
9 Morgan Dempsey Capital Management LLC 3.82% 12,509 $8.9M
10 Lynch Asset Management, Inc. 3.72% 19,050 $13.6M
11 Pring Turner Capital Group Inc 3.68% 9,983 $6.4M
12 Enhancing Capital LLC 3.51% 7,164 $5.1M
13 Atwater Malick LLC 3.12% 20,092 $14.3M
14 Cim, LLC 3.11% 33,742 $24.1M
15 Noesis Capital Mangement Corp 3.06% 35,703 $25.5M
16 Allen Mooney & Barnes Investment Advisors LLC 3.04% 28,039 $20.0M
17 Wallington Asset Management, LLC 3.01% 34,347 $24.5M
18 Dupree Financial Group, LLC 2.90% 10,854 $7.7M
19 Sierra Legacy Group 2.89% 5,223 $3.7M
20 Aull & Monroe Investment Management Corp 2.86% 9,579 $6.8M
21 Titan Investment Solutions Ltd 2.83% 35,487 $25.3M
22 Windward Capital Management Co /Ca 2.81% 52,083 $37.1M
23 Culbertson A N & Co Inc 2.81% 33,794 $24.1M
24 Peloton Wealth Strategists 2.71% 10,298 $7.3M
25 Eley Financial Management, Inc 2.67% 11,564 $8.2M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Cummins Inc (CMI)

What does the Smart Money Trend signal show for CMI?

Buying streak — 10 quarters in a row: For 10 consecutive quarters, more hedge funds added CMI than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for CMI?

Slight buying edge — 51% buying: Last quarter: 921 funds bought or added vs 872 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for CMI holders?

Elite ownership — 55% AUM from top-100 funds: 65 of 1947 holders are among the 100 largest funds by AUM, controlling 55% of total institutional value in CMI. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held CMI?

61% of holders stayed for 2+ years: 1,198 out of 1,952 hedge funds have held CMI for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Cummins Inc (CMI) following the 2026 Q2 hedge fund 13F filings?

As of today, CMI has moved +0.0% since the 2026 Q2 13F filing date (August 14, 2026), compared to +0.0% for the XLI sector ETF — an outperformance of +0.0%. Since the quarter end (June 30, 2026), CMI has gained -10.6% vs -51.8% for XLI. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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