Ranked by reported Q2 2026 13F market value
Share of total reported institutional value in CMI held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 11.5M | $8.20B | -2.8% | 8.336% | 0.12% |
| 2 | VANGUARD CAPITAL MANAGEMENT LLC | 9.0M | $6.43B | +0.4% | 6.530% | 0.14% |
| 3 | VANGUARD PORTFOLIO MANAGEMENT LLC | 7.5M | $5.37B | +0.5% | 5.461% | 0.24% |
| 4 | STATE STREET CORP | 6.9M | $4.93B | +1.5% | 5.007% | 0.07% |
| 5 | FMR LLC | 6.1M | $4.34B | +12.1% | 4.410% | 0.19% |
| 6 | Fisher Asset Management, LLC | 3.6M | $2.56B | +2.8% | 2.605% | 0.76% |
| 7 | GEODE CAPITAL MANAGEMENT, LLC | 3.2M | $2.29B | -13.8% | 2.340% | 0.12% |
| 8 | MORGAN STANLEY | 3.1M | $2.22B | +1.4% | 2.252% | 0.12% |
| 9 | BANK OF AMERICA CORP /DE/ | 2.0M | $1.41B | +12.4% | 1.431% | 0.09% |
| 10 | NORGES BANK | 1.8M | $1.27B | — | 1.289% | 0.13% |
| 11 | NORTHERN TRUST CORP | 1.8M | $1.26B | +2.9% | 1.285% | 0.15% |
| 12 | RAYMOND JAMES FINANCIAL INC | 1.5M | $1.07B | +0.6% | 1.090% | 0.29% |
| 13 | UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AME | 1.5M | $1.07B | -5.1% | 1.088% | 0.19% |
| 14 | Bank of New York Mellon Corp | 1.4M | $973.2M | +39.5% | 0.989% | 0.16% |
| 15 | AQR CAPITAL MANAGEMENT LLC | 1.3M | $884.8M | +30.6% | 0.915% | 0.31% |
| 16 | DIMENSIONAL FUND ADVISORS LP | 1.2M | $884.3M | -11.3% | 0.899% | 0.16% |
| 17 | Nuveen, LLC | 1.1M | $787.4M | +55.2% | 0.800% | 0.19% |
| 18 | GOLDMAN SACHS GROUP INC | 1.0M | $728.9M | +15.3% | 0.741% | 0.06% |
| 19 | ROYAL BANK OF CANADA | 967K | $689.7M | -14.5% | 0.701% | 0.10% |
| 20 | Robeco Institutional Asset Management B.V. | 965K | $688.0M | +111.5% | 0.699% | 0.84% |
| 21 | Legal & General Group Plc | 935K | $666.6M | -7.0% | 0.677% | 0.14% |
| 22 | Boston Partners | 921K | $654.6M | -13.5% | 0.667% | 0.58% |
| 23 | JPMORGAN CHASE & CO | 929K | $642.3M | +39.7% | 0.673% | 0.04% |
| 24 | Invesco Ltd. | 894K | $637.7M | -4.0% | 0.648% | 0.05% |
| 25 | Amundi | 894K | $637.4M | +19.7% | 0.648% | 0.15% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in CMI — a direct measure of their conviction.
Filings activity in CMI during Q2 2026, grouped by how each filer changed its position.
Institutions that opened a new CMI position in Q2 2026
Institutions that fully closed their CMI position in Q2 2026
8 quarters of 13F filings · Δ columns show change vs prior quarter
| Quarter | Inst. Holders | Δ Holders | Ownership % | Δ Ownership | Total 13F Value | Δ Value |
|---|---|---|---|---|---|---|
| Q2 2026 | 2,115 | +8.2% | 86.46% | +0.98 pp | $82.40B | +35% |
| Q1 2026 | 1,954 | +6.2% | 85.48% | 2.46 pp | $61.17B | +4.4% |
| Q4 2025 | 1,840 | +12% | 87.94% | +3.23 pp | $58.57B | +24% |
| Q3 2025 | 1,646 | +7.3% | 84.71% | 0.18 pp | $47.28B | +31% |
| Q2 2025 | 1,534 | +0.9% | 84.89% | +0.42 pp | $36.06B | +7.6% |
| Q1 2025 | 1,520 | +0.7% | 84.47% | +0.81 pp | $33.52B | 7.8% |
| Q4 2024 | 1,510 | +9.4% | 83.66% | 1.26 pp | $36.34B | +9.3% |
| Q3 2024 | 1,380 | — | 84.92% | — | $33.24B | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying CMI stock.
Based on Q2 2026 13F filings, institutional ownership of Cummins Inc. stands at 86.5%, held across 2,115 reporting institutions.
BlackRock, Inc. is the largest reported institutional holder of CMI, with approximately 11,503,261 shares worth $8.20B as of Q2 2026.
Yes — 1 widely-followed marquee investor appear among the top 25 institutional holders of CMI, including Fisher Asset Management, LLC.
Our composite Smart Money Score for CMI is 69 out of 100 (Bullish). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
249 institutions opened new positions in CMI during Q2 2026, while 109 fully exited. 1,651 added to existing positions and 151 trimmed.
CMI institutional ownership rose by 0.98 percentage points quarter-over-quarter, with a net change of +161 holders.
The top 10 institutions account for 47.4% of all reported 13F value in CMI, and the top 25 account for 62.3%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
Cummins Inc. (CMI) Institutional Ownership