Cummins Inc.
MX ˙ BMV ˙ US2310211063
SecurityMX:CMI / Cummins Inc.
InstitutionBeutel, Goodman & Co Ltd.
Latest Disclosed Ownership323,652 shares
Latest Disclosed Value $ 174,131
Beutel, Goodman & Co Ltd. reports 5.82% decrease in ownership of CMI / Cummins Inc.

On May 15, 2026 - Beutel, Goodman & Co Ltd. filed a 13F-HR form disclosing ownership of 323,652 shares of Cummins Inc. (MX:CMI) valued at $174,131 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 343,643 shares of Cummins Inc.. This represents a change in shares of -5.82% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F Cummins Common 231021106 323,652 -19,991 -5.82 174 -0.57 1.1804
2026-02-13 2025-12-31 13F Cummins Common 231021106 343,643 -26,171 -7.08 175 12.18 1.0776
2025-11-14 2025-09-30 13F Cummins Common 231021106 369,814 -219,372 -37.23 156 -18.75 0.9407
2025-08-13 2025-06-30 13F Cummins Common 231021106 589,186 -17,415 -2.87 193 1.05 1.0994
2025-05-14 2025-03-31 13F/A-1 Cummins Common 231021106 606,601 1,938 0.32 190 -9.52 1.0957
2025-05-12 2025-03-31 13F Cummins Common 231021106 606,601 1,938 190 1.0902
2025-02-12 2024-12-31 13F Cummins Common 231021106 604,663 -20,569 -3.29 211 3.96 1.1467
2024-11-13 2024-09-30 13F Cummins Common 231021106 625,232 -5,360 -0.85 202 16.09 0.9977
2024-08-13 2024-06-30 13F Cummins Common 231021106 630,592 5,260 0.84 175 -5.43 0.9281
2024-05-14 2024-03-31 13F/A-1 Cummins Common 231021106 625,332 -309,258 -33.09 184 -17.49 0.9492
2024-05-13 2024-03-31 13F Cummins Common 231021106 934,590 0 224 1.1935
2024-02-09 2023-12-31 13F Cummins Common 231021106 934,590 -2,970 -0.32 224 4.21 1.1875
2023-11-13 2023-09-30 13F Cummins Common 231021106 937,560 605 0.06 214 -6.55 1.2655
2023-08-14 2023-06-30 13F Cummins Common 231021106 936,955 24,405 2.67 230 5.53 1.2876
2023-05-12 2023-03-31 13F Cummins Common 231021106 912,550 22,345 2.51 218 0.93 1.2814
2023-02-14 2022-12-31 13F Cummins Common 231021106 890,205 1,195 0.13 216 -99.88 1.3059
2022-11-14 2022-09-30 13F Cummins Common 231021106 889,010 87,709 10.95 180,922 16.67 1.2234
2022-08-15 2022-06-30 13F Cummins Common 231021106 801,301 103,395 14.82 155,075 8.33 0.9635
2022-05-12 2022-03-31 13F Cummins Common 231021106 697,906 108,988 18.51 143,147 11.43 0.8099
2022-02-14 2021-12-31 13F Cummins Common 231021106 588,918 2,300 0.39 128,466 -2.48 0.7332
2021-11-12 2021-09-30 13F Cummins Common 231021106 586,618 25,615 4.57 131,730 -3.69 0.8063
2021-08-13 2021-06-30 13F Cummins Common 231021106 561,003 22,760 4.23 136,778 -1.93 0.8133
2021-05-14 2021-03-31 13F Cummins Common 231021106 538,243 -24,646 -4.38 139,464 9.10 0.8755
2021-02-05 2020-12-31 13F Cummins Common 231021106 562,889 -234,852 -29.44 127,832 -24.11 0.8656
2020-11-13 2020-09-30 13F Cummins Common 231021106 797,741 -190,549 -19.28 168,450 -1.62 1.3547
2020-08-14 2020-06-30 13F Cummins Common 231021106 988,290 77,711 8.53 171,231 38.96 1.4072
2020-05-14 2020-03-31 13F Cummins Common 231021106 910,579 31,118 3.54 123,219 -21.71 1.1494
2020-02-24 2019-12-31 13F/A-1 Cummins Common 231021106 879,461 1,118 0.13 157,388 45.92 0.9032
2020-02-14 2019-12-31 13F Cummins Common 231021106 1,024,841 146,498 183,405 955,907.6427
2019-12-23 2019-09-30 13F/A-1 CUMMINS COMMON 231021106 878,343 62,978 7.72 107,860 1.11 0.7517
2019-10-31 2019-09-30 13F CUMMINS COMMON 231021106 878,343 62,978 2,573 238,854.4640
2019-08-15 2019-06-30 13F/A-1 CUMMINS COMMON 231021106 815,365 112,526 16.01 106,678 28.48 0.7728
2019-08-15 2019-06-30 13F CUMMINS COMMON 231021106 815,365 112,526 106,678
2019-04-30 2019-03-31 13F/A-1 CUMMINS COMMON 231021106 702,839 245,166 53.57 83,029 85.27 0.6234
2019-04-26 2019-03-31 13F CUMMINS COMMON 231021106 702,839 245,166 83,029
2019-02-11 2018-12-31 13F/A-1 CUMMINS COMMON 231021106 457,673 457,673 44,815 0.3816
2019-02-07 2018-12-31 13F CUMMINS COMMON 231021106 457,673 4,481 0.3815
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.