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
↑ +98
Streak
10Q ▲
Buyers last Q
51%

Smart Money Signals — CMI

Based on 1951 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
1,951 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
+415 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

920 buying870 selling
Last quarter: 920 funds bought or added vs 870 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 (-76 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 134 → 216 → 303 → 227. 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 1,951 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 → 134 → 216 → 303 → 227 new funds/Q
New funds entering each quarter: 134 → 216 → 303 → 227. 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.
🏛️

Deep conviction — 65% of holders stayed 2+ years

■ 65% veterans ■ 11% 1-2yr ■ 24% new
Of 2,000 current holders: 1,304 (65%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
🏆

Elite ownership — 45% AUM from top-100 funds

45% from top-100 AUM funds
62 of 1951 holders are among the 100 largest funds by AUM, controlling 45% 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, 920 hedge funds were net buyers of CMI (227 opened a new position, 693 added to an existing one), while 870 reduced or exited (741 trimmed, 129 sold completely) — a 51% buyer ratio, indicating a slight buying edge. This marks 10 consecutive quarters of net institutional buying — a persistent conviction signal. 45% of total institutional value in CMI is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +98 funds (more new holders than closures). Total institutional holders: 1951.

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 Q1 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 March 31, 2026 · 74d ago
CMI
+23.6%
XLI
-76.3%

CMI outperformed XLI by +99.9% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 29d ago
CMI
-4.2%
XLI
-6.5%

Since the filing became public, CMI outperformed XLI by +2.3% .

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
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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Financial Highlights

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Institutional Holders (2026 Q1)

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:
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 12.93% 46,000 $24.7M
2 Albar Capital Partners LLP 6.64% 76,330 $41.1M
3 Two Point Capital Management, Inc. 6.49% 27,630 $14.9M
4 Weybosset Research & Management LLC 5.89% 37,935 $20.4M
5 Hamlin Capital Management, LLC 5.48% 421,582 $226.8M
6 Marshfield Associates 4.84% 448,781 $241.5M
7 Pring Turner Capital Group Inc 4.80% 15,636 $8.0M
8 Cincinnati Insurance Co 4.72% 581,100 $312.6M
9 Orion Investment Co 3.92% 22,940 $12.3M
10 Cannon Advisors, Inc. 3.56% 8,931 $4.8M
11 RBA Wealth Management, LLC 3.55% 18,337 $9.9M
12 Sierra Legacy Group 3.46% 8,430 $4.5M
13 Eldred Rock Partners, LLC 3.44% 25,155 $13.5M
14 Westhampton Capital, LLC 3.42% 13,607 $7.3M
15 Lynch Asset Management, Inc. 3.35% 18,550 $10.0M
16 Karani Asset Management LLC 3.20% 7,269 $3.9M
17 Delta Accumulation, LLC 3.16% 67,700 $36.4M
18 Dupree Financial Group, LLC 3.01% 13,880 $7.5M
19 Atwater Malick LLC 2.99% 20,601 $11.1M
20 Morgan Dempsey Capital Management LLC 2.98% 12,161 $6.5M
21 Fulcrum Wealth Advisors, LLC 2.91% 6,530 $3.5M
22 Gallo Partners, LP 2.88% 2,797 $1.5M
23 Noesis Capital Mangement Corp 2.84% 35,700 $19.2M
24 Enhancing Capital LLC 2.81% 7,039 $3.8M
25 Semper Augustus Investments Group LLC 2.54% 39,530 $21.3M
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: 920 funds bought or added vs 870 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 — 45% AUM from top-100 funds: 62 of 1951 holders are among the 100 largest funds by AUM, controlling 45% 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 1,951 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 Q1 hedge fund 13F filings?

As of today, CMI has moved -4.2% since the 2026 Q1 13F filing date (May 15, 2026), compared to -6.5% for the XLI sector ETF — an outperformance of +2.3%. Since the quarter end (March 31, 2026), CMI has gained +23.6% vs -76.3% 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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