Cummins Inc.
MX ˙ BMV ˙ US2310211063
SecurityMX:CMI / Cummins Inc.
InstitutionStifel Financial Corp
Latest Disclosed Ownership840,971 shares
Latest Disclosed Value $ 452,462,941
Stifel Financial Corp reports 8.87% decrease in ownership of CMI / Cummins Inc.

On May 12, 2026 - Stifel Financial Corp filed a 13F-HR form disclosing ownership of 840,971 shares of Cummins Inc. (MX:CMI) valued at $452,462,941 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 922,873 shares of Cummins Inc.. This represents a change in shares of -8.87% 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)
2026-05-12 2026-03-31 13F CUMMINS COM 231021106 840,971 -81,902 -8.87 452,463 -3.95 0.0976
2026-02-13 2025-12-31 13F CUMMINS COM 231021106 922,873 -131,034 -12.43 471,087 5.83 0.4238
2025-11-12 2025-09-30 13F CUMMINS COM 231021106 1,053,907 -27,353 -2.53 445,144 25.70 0.4064
2025-08-14 2025-06-30 13F CUMMINS COM 231021106 1,081,260 -4,588 -0.42 354,122 4.05 0.3444
2025-05-14 2025-03-31 13F CUMMINS COM 231021106 1,085,848 -37,779 -3.36 340,349 -13.11 0.3618
2025-02-13 2024-12-31 13F CUMMINS COM 231021106 1,123,627 -381,999 -25.37 391,697 -19.65 0.4080
2024-11-14 2024-09-30 13F CUMMINS COM 231021106 1,505,626 -14,183 -0.93 487,507 15.83 0.5112
2024-08-13 2024-06-30 13F CUMMINS COM 231021106 1,519,809 -36,531 -2.35 420,882 -8.22 0.4736
2024-05-14 2024-03-31 13F CUMMINS COM 231021106 1,556,340 -9,027 -0.58 458,578 22.28 0.5225
2024-02-12 2023-12-31 13F CUMMINS COM 231021106 1,565,367 -34,164 -2.14 375,016 2.62 0.4719
2023-11-13 2023-09-30 13F CUMMINS COM 231021106 1,599,531 13,634 0.86 365,430 -6.01 0.5137
2023-08-14 2023-06-30 13F CUMMINS COM 231021106 1,585,897 20,820 1.33 388,800 3.99 0.5320
2023-05-12 2023-03-31 13F CUMMINS COM 231021106 1,565,077 21,598 1.40 373,868 -0.03 0.5359
2023-02-13 2022-12-31 13F CUMMINS COM 231021106 1,543,479 17,648 1.16 373,971 20.43 0.5613
2022-11-14 2022-09-30 13F CUMMINS COM 231021106 1,525,831 43,832 2.96 310,525 8.27 0.5085
2022-08-15 2022-06-30 13F CUMMINS COM 231021106 1,481,999 19,820 1.36 286,813 -4.37 0.4489
2022-05-13 2022-03-31 13F CUMMINS COM 231021106 1,462,179 1,313,072 880.62 299,908 822.03 0.4092
2022-02-14 2021-12-31 13F CUMMINS COM 231021106 149,107 26,322 21.44 32,527 17.97 0.0430
2021-11-15 2021-09-30 13F CUMMINS COM 231021106 122,785 9,032 7.94 27,573 -0.58 0.0404
2021-08-13 2021-06-30 13F CUMMINS COM 231021106 113,753 -11,613 -9.26 27,734 -14.63 0.0415
2021-05-14 2021-03-31 13F CUMMINS COM 231021106 125,366 -2,240 -1.76 32,485 12.09 0.0536
2021-02-12 2020-12-31 13F CUMMINS COM 231021106 127,606 -1,581 -1.22 28,980 6.24 0.0517
2020-11-16 2020-09-30 13F CUMMINS COM 231021106 129,187 174 0.13 27,278 22.04 0.0561
2020-08-14 2020-06-30 13F CUMMINS COM 231021106 129,013 -2,566 -1.95 22,351 25.66 0.0514
2020-05-14 2020-03-31 13F CUMMINS COM 231021106 131,579 -92,606 -41.31 17,787 -55.68 0.0491
2020-02-13 2019-12-31 13F CUMMINS COM 231021106 224,185 4,318 1.96 40,130 12.31 0.0836
2019-11-19 2019-09-30 13F/A-1 CUMMINS COM 231021106 219,867 1,242 0.57 35,732 -4.68 0.0912
2019-11-13 2019-09-30 13F CUMMINS COM 231021106 220,038 1,413 35,760 20,045.2724
2019-08-14 2019-06-30 13F CUMMINS COM 231021106 218,625 -8,180 -3.61 37,488 4.76 0.0967
2019-05-14 2019-03-31 13F CUMMINS COM 231021106 226,805 12,295 5.73 35,784 25.03 0.1011
2019-02-13 2018-12-31 13F CUMMINS COM 231021106 214,510 -6,364 -2.88 28,620 -11.00 0.0925
2018-11-13 2018-09-30 13F CUMMINS COM 231021106 220,874 75,118 51.54 32,159 62.35 0.0921
2018-08-14 2018-06-30 13F CUMMINS COM 231021106 145,756 -11,745 -7.46 19,808 -22.21 0.0608
2018-05-11 2018-03-31 13F CUMMINS COM 231021106 157,501 -23,886 -13.17 25,464 -20.40 0.0804
2018-02-14 2017-12-31 13F CUMMINS COM 231021106 181,387 73,234 67.71 31,988 75.71 0.1014
2017-11-13 2017-09-30 13F CUMMINS COM 231021106 108,153 2,116 2.00 18,205 5.97 0.0632
2017-08-14 2017-06-30 13F CUMMINS COM 231021106 106,037 15,423 17.02 17,180 25.08 0.0638
2017-05-10 2017-03-31 13F CUMMINS COM 231021106 90,614 13,337 17.26 13,735 30.03 0.0532
2017-02-16 2016-12-31 13F CUMMINS COM 231021106 77,277 -14,923 -16.19 10,563 -10.55 0.0448
2016-11-15 2016-09-30 13F CUMMINS COM 231021106 92,200 -5,278 -5.41 11,809 7.74 0.0531
2016-08-17 2016-06-30 13F CUMMINS COM 231021106 97,478 -5,630 -5.46 10,961 -3.32 0.0507
2016-05-16 2016-03-31 13F CUMMINS COM 231021106 103,108 13,532 15.11 11,337 43.83 0.0604
2016-03-21 2015-12-31 13F/A-2 CUMMINS COM 231021106 89,576 12,805 16.68 7,882 -5.47 0.0410
2016-02-26 2015-12-31 13F/A-1 CUMMINS COM 231021106 89,576 0 7,882 0.0412
2016-02-16 2015-12-31 13F CUMMINS COM 231021106 86,550 9,550
2015-11-16 2015-09-30 13F CUMMINS COM 231021106 76,771 10,083 15.12 8,338 -4.58 0.0468
2015-08-17 2015-06-30 13F/A-1 CUMMINS COM 231021106 66,688 -5,281 -7.34 8,738 -12.46 0.0452
2015-08-17 2015-06-30 13F CUMMINS COM 231021106 65,740 8,622
2015-05-14 2015-03-31 13F CUMMINS COM 231021106 71,969 16,589 29.95 9,982 25.09 0.0546
2015-02-13 2014-12-31 13F CUMMINS COM 231021106 55,380 12,681 29.70 7,980 41.59 0.0443
2014-11-13 2014-09-30 13F CUMMINS COM 231021106 42,699 1,996 4.90 5,636 -10.27 0.0495
2014-08-14 2014-06-30 13F CUMMINS COM 231021106 40,703 -5,866 -12.60 6,281 -9.48 0.0564
2014-05-15 2014-03-31 13F CUMMINS COM 231021106 46,569 46,569 6,939 0.0664
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.