Cummins Inc.
MX ˙ BMV ˙ US2310211063
SecurityMX:CMI / Cummins Inc.
InstitutionEmpirical Finance, LLC
Latest Disclosed Ownership4,760 shares
Latest Disclosed Value $ 2,560,975
Empirical Finance, LLC reports 0.19% decrease in ownership of CMI / Cummins Inc.

On May 14, 2026 - Empirical Finance, LLC filed a 13F-HR/A form disclosing ownership of 4,760 shares of Cummins Inc. (MX:CMI) valued at $2,560,975 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 12, 2026 disclosing 4,769 shares of Cummins Inc.. This represents a change in shares of -0.19% 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/A-1 CUMMINS COM 231021106 4,760 -9 -0.19 2,561 5.18 0.1203
2026-05-14 2026-03-31 13F CUMMINS COM 231021106 4,760 -9 2,561 0.1203
2026-02-12 2025-12-31 13F CUMMINS COM 231021106 4,769 -196 -3.95 2,434 16.07 0.1161
2025-11-13 2025-09-30 13F CUMMINS COM 231021106 4,965 46 0.94 2,097 30.25 0.0998
2025-08-11 2025-06-30 13F CUMMINS COM 231021106 4,919 32 0.65 1,611 5.16 0.0843
2025-05-07 2025-03-31 13F CUMMINS COM 231021106 4,887 103 2.15 1,532 -8.16 0.0925
2025-01-28 2024-12-31 13F CUMMINS COM 231021106 4,784 -54 -1.12 1,668 6.45 0.0965
2024-11-06 2024-09-30 13F CUMMINS COM 231021106 4,838 84 1.77 1,566 19.00 0.0913
2024-07-30 2024-06-30 13F CUMMINS COM 231021106 4,754 -398 -7.73 1,317 -13.31 0.0822
2024-05-06 2024-03-31 13F CUMMINS COM 231021106 5,152 170 3.41 1,518 27.24 0.0932
2024-02-14 2023-12-31 13F CUMMINS COM 231021106 4,982 28 0.57 1,194 5.48 0.0832
2023-11-02 2023-09-30 13F CUMMINS COM 231021106 4,954 456 10.14 1,132 2.63 0.0831
2023-07-27 2023-06-30 13F CUMMINS COM 231021106 4,498 504 12.62 1,103 15.51 0.0854
2023-04-05 2023-03-31 13F CUMMINS COM 231021106 3,994 176 4.61 954 3.14 0.0894
2023-02-21 2022-12-31 13F/A-1 CUMMINS COM 231021106 3,818 280 7.91 925 28.47 0.0958
2023-01-24 2022-12-31 13F CUMMINS COM 231021106 3,818 280 1 0.0958
2022-11-04 2022-09-30 13F CUMMINS COM 231021106 3,538 569 19.16 720 25.22 0.0854
2022-08-01 2022-06-30 13F CUMMINS COM 231021106 2,969 156 5.55 575 -0.35 0.0733
2022-04-21 2022-03-31 13F CUMMINS COM 231021106 2,813 561 24.91 577 17.52 0.0646
2022-02-04 2021-12-31 13F CUMMINS COM 231021106 2,252 377 20.11 491 16.63 0.0580
2021-11-12 2021-09-30 13F CUMMINS COM 231021106 1,875 103 5.81 421 -2.55 0.0635
2021-08-10 2021-06-30 13F/A-1 CUMMINS COM 231021106 1,772 -8,851 -83.32 432 -82.09 0.0704
2021-08-04 2021-06-30 13F CUMMINS COM 231021106 10,623 0 2,412 0.4242
2021-05-13 2021-03-31 13F CUMMINS COM 231021106 10,623 0 0.00 2,412 0.00 0.4242
2021-02-02 2020-12-31 13F CUMMINS COM 231021106 10,623 263 2.54 2,412 10.24 0.4242
2020-10-28 2020-09-30 13F/A-1 CUMMINS COM 231021106 10,360 -6,284 -37.76 2,188 -24.13 0.4688
2020-10-26 2020-09-30 13F CUMMINS COM 231021106 15,130 -1,514 2,461 687,236.2825
2020-07-20 2020-06-30 13F/A-1 CUMMINS COM 231021106 16,644 539 3.35 2,884 32.35 0.7379
2020-07-20 2020-06-30 13F CUMMINS COM 231021106 11,695 2,884
2020-04-16 2020-03-31 13F CUMMINS COM 231021106 16,105 2,415 17.64 2,179 -11.06 0.6773
2020-01-27 2019-12-31 13F CUMMINS COM 231021106 13,690 -1,440 -9.52 2,450 -0.45 0.5958
2019-10-30 2019-09-30 13F CUMMINS COM 231021106 15,130 -2,596 -14.65 2,461 -18.97 0.6872
2019-07-09 2019-06-30 13F CUMMINS COM 231021106 17,726 148 0.84 3,037 9.44 0.8323
2019-05-10 2019-03-31 13F CUMMINS COM 231021106 17,578 571 3.36 2,775 22.09 0.7061
2019-01-22 2018-12-31 13F CUMMINS COM 231021106 17,007 5,989 54.36 2,273 41.27 0.6737
2018-10-18 2018-09-30 13F CUMMINS COM 231021106 11,018 11,018 -37.32 1,609 -42.02 0.4004
2018-07-09 2018-06-30 13F CUMMINS COM 231021106 0 -17,578 -100.00 0 -100.00
2019-05-10 2018-03-31 13F CUMMINS COM 231021106 17,578 17,578 2,775 0.5806
2017-05-11 2017-03-31 13F CUMMINS COM 231021106 0 -177 -100.00 0 -100.00
2017-02-13 2016-12-31 13F CUMMINS COM 231021106 177 177 25 0.0169
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.