CMI · NYSE · CIK 0000026172
Cummins Inc.
Cummins Inc. holds 10 disclosed positions, 10 of them carrying a sourced value.
Share price
CMI
Equity stakes Cummins Inc. holds in other companies.
modelled, reported or pending
Select a row or a slice for its provenance: the filing it came from, when it was measured, and the arithmetic behind it if it was modelled.
The full register, from 13F filings
The Register tab above is hand research: a dozen holders, each traced to the filing it came from. This asks the same question of the whole market for the quarter ended 31-mar-2026, where 1,933 managers reported a position. Broad where the research is deep, and shallow in the ways a 13F always is.
1,933 managers reported a position, together holding 116.5m shares, or 84.6% of the company. The 40 largest are listed.
Built from 13F filings, which report US listed, long, US custodied positions only. A register from this source is a floor rather than a level: a holder's true position can be far larger, as BlackRock's ASML stake shows at 1.28m shares in a 13F against 26.3m in its 13G/A. Holdings held through derivatives, outside US custody, or below a manager's reporting obligation do not appear. Where a holder is marked as a family, its total sums several separate filing entities and describes something no single filing describes; the constituent entities and their share counts are listed so the total can be checked. That roll-up can legitimately exceed the family's own Schedule 13G, because a 13G is filed by one legal entity: Vanguard reports Alphabet through ten advisory entities, and The Vanguard Group Inc itself reported zero after its January 2026 disaggregation.
What a reader needs to know to read these numbers
- Cummins does not file Form 13F (it is not an institutional investment manager); the register above is built from each institutional holder's own 13F-HR, per the brief.
- Vanguard filed Form 13F-NT (notice, no holdings table) for the quarters ended 2026-03-31 and 2026-06-30 under CIK 0000102909, so its most recent holdings report is the 13F-HR for the quarter ended 2025-12-31 (filed 2026-01-29). The register uses that filing; the proxy's Vanguard figure (17,754,995 shares, 12.9 percent) is even older, sourced to a Schedule 13G/A as of 2023-12-31, and is recorded here for reference only, not used in the register row.
- The proxy's BlackRock figure (11,524,411 shares, 8.4 percent) is likewise sourced to a Schedule 13G/A as of 2023-12-31 and is superseded in the register by BlackRock's own Form 13F-HR for the quarter ended 2026-06-30 (11,503,261 shares).
- Percentages in the register are computed by this research against the shares-outstanding figure noted in each row's pct_denominator, not taken directly from a filing (except the two proxy insider rows, which reuse the proxy's own share base of 138,257,420 as of the 2026-03-16 record date).
- Cummins has a single class of common stock, $2.50 par value, one vote per share. There is no dual-class structure and no founder-control block. CEO Jennifer W. Rumsey's 119,419 shares are under 0.1 percent of the company with no enhanced voting rights; this is a professionally managed company with a dispersed institutional register, not a founder-controlled one.
- Cummins fully divested Atmus Filtration Technologies Inc. on 18 March 2024, exchanging its remaining 80.5 percent ownership of Atmus common stock in a tax-free split-off (reducing Cummins shares outstanding by 5.6 million and recording a gain of approximately $1.3 billion). No Atmus holding is listed: the Q2 FY2026 10-Q contains zero mentions of 'Atmus' anywhere in its full text, consistent with a complete exit that predates the current filing period by over two years.
- The Eaton Cummins Automated Transmission Technologies joint venture (ECJV), a 50/50 joint venture with Eaton Corporation plc, is excluded from holdings: the FY2025 10-K states it is consolidated in Cummins' financial statements because Cummins holds a majority voting interest, so it is not an equity-method minority stake.
- Cummins' FY2025 10-K NOTE 3 (Investments in Equity Investees) is the most recent filing with a full per-investee ownership-percentage-and-carrying-value table; it is dated 2025-12-31. The Q2 FY2026 10-Q (period 2026-06-30) discloses a higher combined equity-method balance ($2,265 million versus $2,133 million at 2025-12-31) and per-investee income figures, but breaks out a per-investee carrying value only for Amplify Cell Technologies LLC ($350 million). All other named holdings therefore use the FY2025 10-K's 2025-12-31 carrying values as the most recent per-investee figures actually stated in a filing.
- The FY2025 10-K NOTE 3 table also carries a residual 'Other Various' line ($406 million at 2025-12-31, $412 million at 2024-12-31) with no name and no ownership percentage; it is not listed as a holding and is recorded in unknowns instead.
- Manufacturing-entity equity income by investee (three and six months ended 2026-06-30, from the Q2 FY2026 10-Q NOTE 4) confirms the same top investees remain active and growing: Chongqing Cummins $58 million, Dongfeng Cummins $50 million, Beijing Foton Cummins $43 million and Tata Cummins $20 million of equity income for the six months ended 2026-06-30, all up year over year. These are income figures, not carrying values, and are not used to size the holdings rows.
Looked for, not found
Recorded rather than filled in. Each of these is a place where a number could have been invented and was not.
- A more recent (post-2025-12-31) per-investee carrying value for Beijing Foton Cummins, Dongfeng Cummins, Chongqing Cummins, Sistemas Automotrices de Mexico, Automotive Axles, Tata Cummins, Cummins-Scania XPI and Freios Master. Searched the Q2 FY2026 10-Q (period 2026-06-30) NOTE 4 in full; it discloses per-investee income but not per-investee balance-sheet carrying values, so the FY2025 10-K's 2025-12-31 figures are the most recent sourced values.
- The identity and individual ownership percentage or carrying value of each entity inside the FY2025 10-K's 'Komatsu alliances' bucket (20 to 50 percent ownership range, $321 million combined at 2025-12-31) beyond knowing Komatsu Cummins Chile, Ltda. is one of them. No per-entity breakdown was found in the 10-K or 10-Q.
- The identity and any figure for the entities inside the FY2025 10-K's unnamed 'Other Various' equity-method bucket ($406 million at 2025-12-31, $412 million at 2024-12-31). No names are disclosed in either filing.
- Vanguard's Q1 and Q2 FY2026 (2026-03-31 and 2026-06-30) Cummins position. Vanguard filed Form 13F-NT (notice only) for both quarters under CIK 0000102909; the reporting manager(s) that filed on Vanguard's behalf for those quarters were not identified within the time budget, so the register uses Vanguard's last 13F-HR (2025-12-31) instead.
- Any sovereign wealth fund or foreign strategic holder (for example Norges Bank) position in Cummins. Not checked within the time budget; the proxy's beneficial-ownership table lists only Vanguard and BlackRock as 5-percent-plus holders (both using stale 13G/A data), giving no independent lead to a sovereign holder.
- Whether any Schedule 13D or 13G/A has been filed on Cummins common stock more recently than the stale 2024 filings the proxy cites for Vanguard and BlackRock. Not checked against the EDGAR filing index within the time budget.
