Who owns Cummins (CMI)
Which tracked institutional funds hold CMI, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See CMI company fundamentals →
Ownership as of the 2026-Q1 13F filings (latest filed 2026-05-18). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
The tracked-fund tape on CMI is one-sided between 2026-Q1 and 2026-Q2: 11 added or opened and 1242 trimmed or exited — on balance reducing.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
CMI’s largest tracked holder by dollar value, VANGUARD GROUP INC, sizes it at 0.1% of its own reported 13F book, while the median holder sizes it at 0.2% of theirs — a 0.0pp gap the other way — the median holder sizes CMI more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in CMI divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2025-Q4 and 2026-Q1, across 1944 tracked filers holding CMI, 895 increased or opened the position and 863 reduced or closed it; over the same quarter, open-market insider Form 4 buying and selling roughly offset.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in CMI between the 2026-Q1 and 2026-Q2 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
Full exits 1232
- VANGUARD CAPITAL MANAGEMENT LLC$4.8B
- VANGUARD PORTFOLIO MANAGEMENT LLC$4.0B
- GEODE CAPITAL MANAGEMENT, LLC$2.0B
- Fisher Asset Management, LLC$1.9B
- MORGAN STANLEY$1.6B
- BANK OF AMERICA CORP /DE/$945M
Largest adds
- BlackRock, Inc.$2.2B
- FMR LLC$1.4B
- STATE STREET CORP$1.3B
- NORGES BANK$767M
- AQR CAPITAL MANAGEMENT LLC$374M
- WELLINGTON MANAGEMENT GROUP LLP$276M
Largest trims
- TWO SIGMA INVESTMENTS, LP$113M
- PRICE T ROWE ASSOCIATES INC /MD/$46M
- First Eagle Investment Management, LLC$30M
- MILLENNIUM MANAGEMENT LLC$29M
- CITADEL ADVISORS LLC$25M
- Bridgewater Associates, LP$6M
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| BlackRock, Inc. added | 11,503,261 | $8.2B | 12.1% | 2026-Q2 |
| STATE STREET CORP added | 6,908,874 | $4.9B | 7.3% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 8,975,971 | $4.8B | 7.1% | 2026-Q1 |
| FMR LLC added | 6,085,944 | $4.3B | 6.4% | 2026-Q2 |
| VANGUARD PORTFOLIO MANAGEMENT LLC new | 7,498,010 | $4.0B | 5.9% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC added | 3,746,388 | $2.0B | 3.0% | 2026-Q1 |
| Fisher Asset Management, LLC added | 3,497,060 | $1.9B | 2.8% | 2026-Q1 |
| MORGAN STANLEY trimmed | 3,066,481 | $1.6B | 2.4% | 2026-Q1 |
| NORGES BANK added | 1,779,281 | $1.3B | 1.9% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 1,757,248 | $945M | 1.4% | 2026-Q1 |
| NORTHERN TRUST CORP added | 1,722,109 | $927M | 1.4% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC added | 1,262,659 | $885M | 1.3% | 2026-Q2 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC added | 1,581,160 | $851M | 1.3% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC trimmed | 1,495,891 | $802M | 1.2% | 2026-Q1 |
| DIMENSIONAL FUND ADVISORS LP trimmed | 1,397,602 | $752M | 1.1% | 2026-Q1 |
| Invesco Ltd. trimmed | 894,165 | $638M | 0.9% | 2026-Q2 |
| ROYAL BANK OF CANADA trimmed | 1,086,048 | $584M | 0.9% | 2026-Q1 |
| Boston Partners trimmed | 1,064,945 | $574M | 0.8% | 2026-Q1 |
| Legal & General Group Plc trimmed | 1,004,748 | $541M | 0.8% | 2026-Q1 |
| Bank of New York Mellon Corp trimmed | 978,409 | $526M | 0.8% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 914,834 | $492M | 0.7% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 886,158 | $477M | 0.7% | 2026-Q1 |
| STIFEL FINANCIAL CORP trimmed | 840,971 | $452M | 0.7% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 777,801 | $418M | 0.6% | 2026-Q1 |
| Amundi added | 746,679 | $402M | 0.6% | 2026-Q1 |
| VOYA INVESTMENT MANAGEMENT LLC added | 741,935 | $399M | 0.6% | 2026-Q1 |
| SG Americas Securities, LLC added | 736,670 | $396M | 0.6% | 2026-Q1 |
| First Eagle Investment Management, LLC trimmed | 536,868 | $383M | 0.6% | 2026-Q2 |
| Nuveen, LLC added | 711,528 | $383M | 0.6% | 2026-Q1 |
| Allianz Asset Management GmbH added | 699,958 | $377M | 0.6% | 2026-Q1 |
| HSBC HOLDINGS PLC trimmed | 660,144 | $355M | 0.5% | 2026-Q1 |
| WELLINGTON MANAGEMENT GROUP LLP added | 495,047 | $353M | 0.5% | 2026-Q2 |
| PRINCIPAL FINANCIAL GROUP INC trimmed | 637,233 | $343M | 0.5% | 2026-Q1 |
| JPMORGAN CHASE & CO trimmed | 665,350 | $340M | 0.5% | 2026-Q1 |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC trimmed | 626,070 | $337M | 0.5% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN added | 616,699 | $332M | 0.5% | 2026-Q1 |
| CINCINNATI INSURANCE CO trimmed | 581,100 | $313M | 0.5% | 2026-Q1 |
| UBS Group AG trimmed | 576,430 | $310M | 0.5% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC trimmed | 573,520 | $309M | 0.5% | 2026-Q1 |
| DEUTSCHE BANK AG\ added | 553,551 | $298M | 0.4% | 2026-Q1 |
| AMERICAN CENTURY COMPANIES INC trimmed | 526,569 | $283M | 0.4% | 2026-Q1 |
| LONDON CO OF VIRGINIA trimmed | 508,834 | $274M | 0.4% | 2026-Q1 |
| NEUBERGER BERMAN GROUP LLC added | 487,558 | $262M | 0.4% | 2026-Q1 |
| Robeco Institutional Asset Management B.V. added | 456,120 | $245M | 0.4% | 2026-Q1 |
| JANE STREET GROUP, LLC added | 451,355 | $243M | 0.4% | 2026-Q1 |
| MARSHFIELD ASSOCIATES trimmed | 448,781 | $241M | 0.4% | 2026-Q1 |
| D. E. Shaw & Co., Inc. trimmed | 321,490 | $229M | 0.3% | 2026-Q2 |
| Hamlin Capital Management, LLC trimmed | 421,582 | $227M | 0.3% | 2026-Q1 |
| National Pension Service trimmed | 414,469 | $223M | 0.3% | 2026-Q1 |
| LSV ASSET MANAGEMENT trimmed | 405,740 | $218M | 0.3% | 2026-Q1 |
| Swiss National Bank added | 405,078 | $218M | 0.3% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC trimmed | 382,379 | $206M | 0.3% | 2026-Q1 |
| NORDEA INVESTMENT MANAGEMENT AB trimmed | 389,474 | $204M | 0.3% | 2026-Q1 |
| ACADIAN ASSET MANAGEMENT LLC added | 373,800 | $201M | 0.3% | 2026-Q1 |
| CANADA PENSION PLAN INVESTMENT BOARD added | 370,587 | $199M | 0.3% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC trimmed | 277,042 | $198M | 0.3% | 2026-Q2 |
| TD Asset Management Inc added | 364,552 | $196M | 0.3% | 2026-Q1 |
| HighTower Advisors, LLC trimmed | 353,256 | $190M | 0.3% | 2026-Q1 |
| LPL Financial LLC trimmed | 351,138 | $189M | 0.3% | 2026-Q1 |
| BARCLAYS PLC trimmed | 347,658 | $187M | 0.3% | 2026-Q1 |
| Sumitomo Mitsui Trust Group, Inc. trimmed | 346,319 | $186M | 0.3% | 2026-Q1 |
| LOOMIS SAYLES & CO L P trimmed | 335,571 | $181M | 0.3% | 2026-Q1 |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. trimmed | 328,445 | $176M | 0.3% | 2026-Q1 |
| Mitsubishi UFJ Asset Management Co., Ltd. added | 324,578 | $175M | 0.3% | 2026-Q1 |
| Beutel, Goodman & Co Ltd. trimmed | 323,652 | $174M | 0.3% | 2026-Q1 |
| BANK OF MONTREAL /CAN/ trimmed | 316,935 | $171M | 0.3% | 2026-Q1 |
| PRICE T ROWE ASSOCIATES INC /MD/ trimmed | 232,140 | $166M | 0.2% | 2026-Q2 |
| WORLDQUANT MILLENNIUM ADVISORS LLC added | 305,133 | $164M | 0.2% | 2026-Q1 |
| Vanguard Global Advisers, LLC new | 303,808 | $163M | 0.2% | 2026-Q1 |
| Corient Private Wealth LLC trimmed | 299,620 | $161M | 0.2% | 2026-Q1 |
| Qube Research & Technologies Ltd added | 298,701 | $161M | 0.2% | 2026-Q1 |
| DekaBank Deutsche Girozentrale | 300,506 | $156M | 0.2% | 2026-Q1 |
| Man Group plc added | 288,801 | $155M | 0.2% | 2026-Q1 |
| ALLIANCEBERNSTEIN L.P. added | 304,069 | $155M | 0.2% | 2026-Q1 |
| Caisse de depot et placement du Quebec added | 286,769 | $154M | 0.2% | 2026-Q1 |
| PRUDENTIAL FINANCIAL INC added | 284,811 | $153M | 0.2% | 2026-Q1 |
| PARNASSUS INVESTMENTS, LLC added | 283,672 | $153M | 0.2% | 2026-Q1 |
| RHUMBLINE ADVISERS trimmed | 276,897 | $149M | 0.2% | 2026-Q1 |
| California Public Employees Retirement System added | 276,484 | $149M | 0.2% | 2026-Q1 |
| D.A. DAVIDSON & CO. trimmed | 271,554 | $146M | 0.2% | 2026-Q1 |
| BNP PARIBAS FINANCIAL MARKETS added | 269,069 | $145M | 0.2% | 2026-Q1 |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. added | 268,523 | $144M | 0.2% | 2026-Q1 |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. trimmed | 265,818 | $143M | 0.2% | 2026-Q1 |
| EARNEST PARTNERS LLC trimmed | 260,530 | $140M | 0.2% | 2026-Q1 |
| VANGUARD ASSET MANAGEMENT, Ltd new | 260,031 | $140M | 0.2% | 2026-Q1 |
| Mariner, LLC added | 245,167 | $132M | 0.2% | 2026-Q1 |
| Ensign Peak Advisors, Inc added | 238,868 | $129M | 0.2% | 2026-Q1 |
| Quantinno Capital Management LP added | 235,788 | $127M | 0.2% | 2026-Q1 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM trimmed | 206,171 | $111M | 0.2% | 2026-Q1 |
| CITADEL ADVISORS LLC trimmed | 149,683 | $107M | 0.2% | 2026-Q2 |
| Aberdeen Group plc added | 193,979 | $104M | 0.2% | 2026-Q1 |
| NATIXIS ADVISORS, LLC added | 190,911 | $103M | 0.2% | 2026-Q1 |
| Squarepoint Ops LLC added | 185,306 | $100M | 0.1% | 2026-Q1 |
| Clark Capital Management Group, Inc. trimmed | 184,896 | $99M | 0.1% | 2026-Q1 |
| SCHRODER INVESTMENT MANAGEMENT GROUP added | 192,164 | $98M | 0.1% | 2026-Q1 |
| Point72 Asset Management, L.P. added | 182,698 | $98M | 0.1% | 2026-Q1 |
| VANGUARD GROUP INC added | 17,746,775 | $9.1B | 13.3% | 2025-Q4 stale |
| PUBLIC INVESTMENT FUND trimmed | 1,095,578 | $359M | 0.5% | 2025-Q2 stale |
| AXA Investment Managers S.A. new | 292,487 | $124M | 0.2% | 2025-Q3 stale |
| LORD, ABBETT & CO. LLC added | 335,392 | $105M | 0.2% | 2025-Q1 stale |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.