Cummins Inc.
MX ˙ BMV ˙ US2310211063
SecurityMX:CMI / Cummins Inc.
InstitutionIndependent Advisor Alliance
Latest Disclosed Ownership8,757 shares
Latest Disclosed Value $ 4,711,298
Independent Advisor Alliance reports 4.24% increase in ownership of CMI / Cummins Inc.

On May 12, 2026 - Independent Advisor Alliance filed a 13F-HR form disclosing ownership of 8,757 shares of Cummins Inc. (MX:CMI) valued at $4,711,298 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 4, 2026 disclosing 8,401 shares of Cummins Inc.. This represents a change in shares of 4.24% 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 8,757 356 4.24 4,711 9.86 0.0286
2026-02-04 2025-12-31 13F CUMMINS COM 231021106 8,401 2,977 54.89 4,288 87.25 0.1041
2025-11-04 2025-09-30 13F CUMMINS COM 231021106 5,424 -506 -8.53 2,291 17.92 0.0595
2025-08-11 2025-06-30 13F CUMMINS COM 231021106 5,930 299 5.31 1,942 10.03 0.0560
2025-05-12 2025-03-31 13F CUMMINS COM 231021106 5,631 748 15.32 1,765 3.70 0.0583
2025-02-07 2024-12-31 13F CUMMINS COM 231021106 4,883 1,423 41.13 1,702 51.96 0.0225
2024-11-13 2024-09-30 13F CUMMINS COM 231021106 3,460 368 11.90 1,120 30.84 0.0408
2024-08-12 2024-06-30 13F CUMMINS COM 231021106 3,092 62 2.05 856 -4.04 0.0293
2024-05-08 2024-03-31 13F CUMMINS COM 231021106 3,030 -1,036 -25.48 893 -8.42 0.0322
2024-02-08 2023-12-31 13F CUMMINS COM 231021106 4,066 819 25.22 974 31.44 0.0351
2023-10-24 2023-09-30 13F CUMMINS COM 231021106 3,247 -66 -1.99 742 -8.74 0.0336
2023-07-28 2023-06-30 13F CUMMINS COM 231021106 3,313 -5 -0.15 812 2.53 0.0358
2023-05-12 2023-03-31 13F CUMMINS COM 231021106 3,318 3,318 793 0.0382
2023-02-13 2022-12-31 13F CUMMINS COM 231021106 0 -3,273 -100.00 0 -100.00
2022-11-04 2022-09-30 13F CUMMINS COM 231021106 3,273 59 1.84 666 7.07 0.0388
2022-08-04 2022-06-30 13F CUMMINS COM 231021106 3,214 103 3.31 622 -2.51 0.0347
2022-05-06 2022-03-31 13F CUMMINS COM 231021106 3,111 -3,446 -52.55 638 -55.38 0.0307
2022-02-11 2021-12-31 13F CUMMINS COM 231021106 6,557 197 3.10 1,430 0.14 0.0705
2021-11-01 2021-09-30 13F CUMMINS COM 231021106 6,360 168 2.71 1,428 -5.43 0.0794
2021-08-12 2021-06-30 13F CUMMINS COM 231021106 6,192 312 5.31 1,510 -0.92 0.0827
2021-05-14 2021-03-31 13F CUMMINS COM 231021106 5,880 63 1.08 1,524 15.37 0.0904
2021-02-11 2020-12-31 13F CUMMINS COM 231021106 5,817 -62 -1.05 1,321 6.45 0.0896
2020-11-04 2020-09-30 13F CUMMINS COM 231021106 5,879 2,227 60.98 1,241 96.05 0.0942
2020-08-06 2020-06-30 13F CUMMINS COM 231021106 3,652 -252 -6.45 633 19.89 0.0677
2020-05-14 2020-03-31 13F CUMMINS COM 231021106 3,904 -146 -3.60 528 -27.17 0.0768
2020-02-07 2019-12-31 13F CUMMINS COM 231021106 4,050 191 4.95 725 15.45 0.0316
2019-11-12 2019-09-30 13F CUMMINS COM 231021106 3,859 1,066 38.17 628 31.11 0.0767
2019-08-12 2019-06-30 13F CUMMINS COM 231021106 2,793 -42 -1.48 479 6.92 0.0693
2019-05-07 2019-03-31 13F CUMMINS COM 231021106 2,835 180 6.78 448 26.20 0.0630
2019-02-12 2018-12-31 13F CUMMINS COM 231021106 2,655 268 11.23 355 5.65 0.0629
2018-11-13 2018-09-30 13F CUMMINS COM 231021106 2,387 -536 -18.34 336 -12.04 0.0605
2018-08-08 2018-06-30 13F CUMMINS COM 231021106 2,923 -1,599 -35.36 382 -46.80 0.0795
2018-05-15 2018-03-31 13F CUMMINS COM 231021106 4,522 548 13.79 718 -0.83 0.1600
2018-02-14 2017-12-31 13F CUMMINS COM 231021106 3,974 1,374 52.85 724 61.97 0.1617
2017-11-15 2017-09-30 13F CUMMINS COM 231021106 2,600 11 0.42 447 4.68 0.1229
2017-08-14 2017-06-30 13F CUMMINS COM 231021106 2,589 1,129 77.33 427 94.98 0.1360
2017-05-09 2017-03-31 13F CUMMINS COM 231021106 1,460 352 31.77 219 40.38 0.0347
2017-02-15 2016-12-31 13F CUMMINS Common Stock 231021106 1,108 1,108 157 0.0611
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.