Cummins Inc.
US ˙ NYSE ˙ US2310211063

SecurityCMI / Cummins Inc.
InstitutionBailard, Inc.
Latest Disclosed Ownership57,055 shares
Latest Disclosed Value $ 30,697,042
Bailard, Inc. reports 0.66% decrease in ownership of CMI / Cummins Inc.

On May 11, 2026 - Bailard, Inc. filed a 13F-HR form disclosing ownership of 57,055 shares of Cummins Inc. (US:CMI) valued at $30,696,731 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 4, 2026 disclosing 57,435 shares of Cummins Inc.. This represents a change in shares of -0.66% during the quarter. The current value of the position is $38,930,338 USD.

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.

Upgrade to unlock premium data and export to Excel .

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)
2026-05-11 2026-03-31 13F CUMMINS COM 231021106 57,055 -380 -0.66 30,697 4.71 0.7057
2026-02-04 2025-12-31 13F CUMMINS COM 231021106 57,435 -2,395 -4.00 29,318 16.02 0.6491
2025-10-30 2025-09-30 13F CUMMINS COM 231021106 59,830 4,035 7.23 25,270 38.30 0.5491
2025-08-08 2025-06-30 13F CUMMINS COM 231021106 55,795 -1,068 -1.88 18,273 2.52 0.4260
2025-05-02 2025-03-31 13F CUMMINS COM 231021106 56,863 917 1.64 17,823 -8.61 0.4600
2025-02-05 2024-12-31 13F CUMMINS COM 231021106 55,946 -1,300 -2.27 19,503 5.22 0.4985
2024-10-30 2024-09-30 13F CUMMINS COM 231021106 57,246 3,847 7.20 18,536 25.35 0.4825
2024-07-25 2024-06-30 13F CUMMINS COM 231021106 53,399 -1,049 -1.93 14,788 -7.82 0.4074
2024-05-08 2024-03-31 13F CUMMINS COM 231021106 54,448 -41 -0.08 16,043 22.90 0.4428
2024-02-02 2023-12-31 13F CUMMINS COM 231021106 54,489 1,137 2.13 13,054 7.10 0.3867
2023-10-24 2023-09-30 13F CUMMINS COM 231021106 53,352 -441 -0.82 12,189 -7.58 0.4037
2023-07-20 2023-06-30 13F CUMMINS COM 231021106 53,793 -426 -0.79 13,188 1.82 0.4612
2023-05-08 2023-03-31 13F CUMMINS COM 231021106 54,219 494 0.92 12,952 -0.51 0.4640
2023-02-02 2022-12-31 13F CUMMINS COM 231021106 53,725 10,254 23.59 13,017 47.13 0.4958
2022-10-18 2022-09-30 13F CUMMINS COM 231021106 43,471 -1,870 -4.12 8,847 0.82 0.3658
2022-07-27 2022-06-30 13F CUMMINS COM 231021106 45,341 586 1.31 8,775 -4.41 0.3454
2022-04-25 2022-03-31 13F CUMMINS COM 231021106 44,755 873 1.99 9,180 -4.10 0.3087
2022-02-10 2021-12-31 13F CUMMINS COM 231021106 43,882 -738 -1.65 9,572 -4.47 0.3052
2021-11-15 2021-09-30 13F CUMMINS COM 231021106 44,620 242 0.55 10,020 -7.39 0.3424
2021-08-13 2021-06-30 13F CUMMINS COM 231021106 44,378 470 1.07 10,820 -4.90 0.3738
2021-05-13 2021-03-31 13F CUMMINS COM 231021106 43,908 14,861 51.16 11,377 72.46 0.4217
2021-02-03 2020-12-31 13F CUMMINS COM 231021106 29,047 829 2.94 6,597 10.71 0.3009
2020-11-10 2020-09-30 13F CUMMINS COM 231021106 28,218 1,498 5.61 5,959 28.70 0.3086
2020-08-12 2020-06-30 13F CUMMINS COM 231021106 26,720 2,381 9.78 4,630 40.56 0.2586
2020-04-16 2020-03-31 13F CUMMINS COM 231021106 24,339 1,050 4.51 3,294 -20.97 0.2346
2020-01-31 2019-12-31 13F CUMMINS COM 231021106 23,289 4,516 24.06 4,168 36.48 0.2349
2019-10-18 2019-09-30 13F CUMMINS COM 231021106 18,773 723 4.01 3,054 -1.26 0.1847
2019-07-26 2019-06-30 13F CUMMINS COM 231021106 18,050 -30 -0.17 3,093 8.37 0.1891
2019-04-24 2019-03-31 13F CUMMINS COM 231021106 18,080 381 2.15 2,854 20.68 0.1770
2019-02-05 2018-12-31 13F CUMMINS COM 231021106 17,699 -3,172 -15.20 2,365 -22.43 0.1599
2018-11-13 2018-09-30 13F CUMMINS COM 231021106 20,871 -1,513 -6.76 3,049 2.42 0.1783
2018-08-08 2018-06-30 13F CUMMINS COM 231021106 22,384 -209 -0.93 2,977 -18.71 0.1774
2018-05-07 2018-03-31 13F CUMMINS COM 231021106 22,593 5,595 32.92 3,662 21.94 0.2338
2018-02-08 2017-12-31 13F CUMMINS COM 231021106 16,998 -600 -3.41 3,003 1.56 0.1890
2018-01-29 2017-09-30 13F/A-1 CUMMINS COM 231021106 17,598 13 0.07 2,957 3.65 0.2290
2017-10-11 2017-09-30 13F CUMMINS COM 231021106 17,598 13 2,957 0.2255
2018-01-29 2017-06-30 13F/A-1 CUMMINS COM 231021106 17,585 660 3.90 2,853 11.49 0.2328
2017-08-11 2017-06-30 13F CUMMINS COM 231021106 17,585 660 2,853 0.2261
2018-01-29 2017-03-31 13F/A-1 CUMMINS COM 231021106 16,925 -114 -0.67 2,559 9.88 0.2124
2017-05-12 2017-03-31 13F CUMMINS COM 231021106 16,925 -114 2,559 0.2139
2018-01-29 2016-12-31 13F/A-1 CUMMINS COM 231021106 17,039 -179 -1.04 2,329 5.58 0.2159
2017-02-10 2016-12-31 13F CUMMINS COM 231021106 17,039 -179 2,329 0.2108
2018-01-29 2016-09-30 13F/A-1 CUMMINS COM 231021106 17,218 6,541 61.26 2,206 83.68 0.2037
2016-11-08 2016-09-30 13F CUMMINS COM 231021106 17,218 6,541 2,206 0.2011
2018-01-29 2016-06-30 13F/A-1 CUMMINS COM 231021106 10,677 10,677 1,201 0.1431
2016-08-08 2016-06-30 13F CUMMINS COM 231021106 10,677 10,677 1,201 0.1450
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.