Cummins Inc.
MX ˙ BMV ˙ US2310211063
SecurityMX:CMI / Cummins Inc.
InstitutionBaird Financial Group, Inc.
Latest Disclosed Ownership37,401 shares
Latest Disclosed Value $ 20,122,485
Baird Financial Group, Inc. reports 1.48% decrease in ownership of CMI / Cummins Inc.

On May 14, 2026 - Baird Financial Group, Inc. filed a 13F-HR form disclosing ownership of 37,401 shares of Cummins Inc. (MX:CMI) valued at $20,122,485 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 37,961 shares of Cummins Inc.. This represents a change in shares of -1.48% 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)
2026-05-14 2026-03-31 13F CUMMINS COM 231021106 37,401 -560 -1.48 20,122 3.84 0.0314
2026-02-13 2025-12-31 13F CUMMINS INC COM COMMON 231021106 37,961 -877 -2.26 19,377 18.12 0.0302
2025-11-13 2025-09-30 13F CUMMINS ENGINE COMMON 231021106 38,838 1,408 3.76 16,404 33.82 0.0264
2025-08-13 2025-06-30 13F CUMMINS INC COM COMMON 231021106 37,430 -23,273 -38.34 12,258 -35.57 0.0215
2025-05-15 2025-03-31 13F CUMMINS INC COM COMMON 231021106 60,703 18,294 43.14 19,027 28.70 0.0366
2025-02-14 2024-12-31 13F CUMMINS ENGINE COMMON 231021106 42,409 -202 -0.47 14,784 7.15 0.0283
2024-11-14 2024-09-30 13F CUMMINS ENGINE COMMON 231021106 42,611 701 1.67 13,797 18.88 0.0268
2024-08-14 2024-06-30 13F CUMMINS ENGINE COMMON 231021106 41,910 350 0.84 11,606 -5.22 0.0241
2024-05-14 2024-03-31 13F CUMMINS ENGINE COMMON 231021106 41,560 -28,806 -40.94 12,246 -27.36 0.0257
2024-02-14 2023-12-31 13F CUMMINS ENGINE COMMON 231021106 70,366 -61,022 -46.44 16,858 -43.84 0.0384
2023-11-13 2023-09-30 13F CUMMINS ENGINE COMMON 231021106 131,388 2,795 2.17 30,017 -4.79 0.0819
2023-08-11 2023-06-30 13F CUMMINS ENGINE COMMON 231021106 128,593 8,483 7.06 31,526 9.87 0.0832
2023-05-15 2023-03-31 13F CUMMINS ENGINE COMMON 231021106 120,110 25,901 27.49 28,692 130,318.18 0.0708
2023-02-13 2022-12-31 13F CUMMINS ENGINE COMMON 231021106 94,209 -12,577 -11.78 23 -99.90 0.0601
2022-11-15 2022-09-30 13F CUMMINS ENGINE COMMON 231021106 106,786 3,411 3.30 21,733 8.63 0.0640
2022-08-08 2022-06-30 13F CUMMINS ENGINE COMMON 231021106 103,375 -4,913 -4.54 20,006 -9.92 0.0555
2022-05-13 2022-03-31 13F CUMMINS ENGINE COMMON 231021106 108,288 13,427 14.15 22,209 7.33 0.0549
2022-02-09 2021-12-31 13F CUMMINS INC COM COMMON 231021106 94,861 4,323 4.77 20,693 1.78 0.0484
2021-11-12 2021-09-30 13F CUMMINS INC COM COMMON 231021106 90,538 9,170 11.27 20,332 2.49 0.0520
2021-08-11 2021-06-30 13F CUMMINS INC COM COMMON 231021106 81,368 2,722 3.46 19,838 -2.65 0.0516
2021-05-13 2021-03-31 13F CUMMINS INC COM COMMON 231021106 78,646 -233 -0.30 20,378 13.75 0.0572
2021-02-11 2020-12-31 13F CUMMINS INC COM COMMON 231021106 78,879 -600 -0.75 17,914 6.75 0.0536
2020-11-12 2020-09-30 13F CUMMINS INC COM COMMON 231021106 79,479 -5,913 -6.92 16,782 13.43 0.0575
2020-10-22 2020-06-30 13F/A-1 CUMMINS INC COM COMMON 231021106 85,392 -256 -0.30 14,795 28.24 0.0557
2020-08-14 2020-06-30 13F CUMMINS INC COM COMMON 231021106 86,639 991 15,239 30,200.2357
2020-05-14 2020-03-31 13F CUMMINS INC COM COMMON 231021106 85,648 3,011 3.64 11,537 -21.97 0.0527
2020-02-14 2019-12-31 13F CUMMINS INC COM COMMON 231021106 82,637 15,912 23.85 14,786 36.30 0.0531
2019-11-14 2019-09-30 13F CUMMINS Common 231021106 66,725 -13,947 -17.29 10,848 -21.52 0.0427
2019-08-14 2019-06-30 13F CUMMINS COMMON 231021106 80,672 31,882 65.35 13,823 79.54 0.0537
2019-05-14 2019-03-31 13F CUMMINS ENGINE COMMON 231021106 48,790 27,270 126.72 7,699 167.70 0.0450
2019-02-14 2018-12-31 13F CUMMINS COMMON 231021106 21,520 7,296 51.29 2,876 36.63 0.0195
2018-11-13 2018-09-30 13F CUMMINS COMMON 231021106 14,224 638 4.70 2,105 16.49 0.0132
2018-08-13 2018-06-30 13F CUMMINS COMMON 231021106 13,586 3,425 33.71 1,807 9.65 0.0123
2018-05-14 2018-03-31 13F CUMMINS COMMON 231021106 10,161 -17,908 -63.80 1,648 -66.76 0.0116
2018-02-09 2017-12-31 13F CUMMINS ENGINE COMMON 231021106 28,069 310 1.12 4,958 6.30 0.0351
2017-11-14 2017-09-30 13F CUMMINS ENGINE COMMON 231021106 27,759 420 1.54 4,664 5.16 0.0352
2017-08-14 2017-06-30 13F CUMMINS ENGINE COMMON 231021106 27,339 618 2.31 4,435 9.78 0.0347
2017-06-19 2017-03-31 13F/A-1 CUMMINS ENGINE COMMON 231021106 26,721 5,653 26.83 4,040 40.33 0.0327
2017-05-09 2017-03-31 13F CUMMINS ENGINE COMMON 231021106 26,721 4,040
2017-02-10 2016-12-31 13F CUMMINS ENGINE COMMON 231021106 21,068 -1,981 -8.59 2,879 -2.54 0.0250
2016-11-10 2016-09-30 13F CUMMINS ENGINE COMMON 231021106 23,049 -856 -3.58 2,954 4.71 0.0265
2016-08-11 2016-06-30 13F CUMMINS ENGINE COMMON 231021106 23,905 -29,774 -55.47 2,821 -52.19 0.0259
2016-05-12 2016-03-31 13F CUMMINS ENGINE COMMON 231021106 53,679 29,773 124.54 5,901 180.47 0.0565
2016-02-11 2015-12-31 13F CUMMINS ENGINE COMMON 231021106 23,906 -25,698 -51.81 2,104 -60.94 0.0210
2015-11-12 2015-09-30 13F CUMMINS ENGINE COMMON 231021106 49,604 26,446 114.20 5,386 77.29 0.0573
2015-08-14 2015-06-30 13F CUMMINS ENGINE COMMON 231021106 23,158 23,158 3,038 0.0299
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.