Cummins Inc.
MX ˙ BMV ˙ US2310211063
SecurityMX:CMI / Cummins Inc.
InstitutionValeo Financial Advisors, LLC
Latest Disclosed Ownership9,635 shares
Latest Disclosed Value $ 5,183,836
Valeo Financial Advisors, LLC reports 13.56% decrease in ownership of CMI / Cummins Inc.

On May 8, 2026 - Valeo Financial Advisors, LLC filed a 13F-HR form disclosing ownership of 9,635 shares of Cummins Inc. (MX:CMI) valued at $5,183,836 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 4, 2026 disclosing 11,146 shares of Cummins Inc.. This represents a change in shares of -13.56% 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)
2026-05-08 2026-03-31 13F CUMMINS INC COM Stock 231021106 9,635 -1,511 -13.56 5,184 -8.89 0.1237
2026-02-04 2025-12-31 13F CUMMINS INC COM Stock 231021106 11,146 -1 -0.01 5,689 20.84 0.1263
2025-11-03 2025-09-30 13F CUMMINS INC COM Stock 231021106 11,147 -916 -7.59 4,708 19.19 0.1072
2025-09-12 2025-06-30 13F/A-1 CUMMINS INC COM Stock 231021106 12,063 477 4.12 3,951 8.79 0.0971
2025-07-22 2025-06-30 13F CUMMINS INC COM Stock 231021106 11,423 -163 3,741 0.0899
2025-04-30 2025-03-31 13F CUMMINS INC COM Stock 231021106 11,586 32 0.28 3,631 -9.83 0.1012
2025-01-30 2024-12-31 13F CUMMINS INC COM Stock 231021106 11,554 -1,497 -11.47 4,028 -4.69 0.1121
2024-10-10 2024-09-30 13F CUMMINS INC COM Stock 231021106 13,051 8 0.06 4,226 16.97 0.1204
2024-07-10 2024-06-30 13F CUMMINS INC COM Stock 231021106 13,043 191 1.49 3,612 -3.86 0.1129
2024-04-25 2024-03-31 13F/A-1 CUMMINS INC COM Stock 231021106 12,852 -114 -0.88 3,757 20.96 0.1346
2024-04-19 2024-03-31 13F CUMMINS INC COM Stock 231021106 12,811 -155 3,775 0.1299
2024-01-29 2023-12-31 13F CUMMINS INC COM Stock 231021106 12,966 614 4.97 3,106 10.10 0.1254
2023-10-20 2023-09-30 13F CUMMINS INC COM Stock 231021106 12,352 697 5.98 2,822 -1.26 0.1286
2023-07-14 2023-06-30 13F CUMMINS INC COM Stock 231021106 11,655 544 4.90 2,857 7.65 0.1305
2023-04-17 2023-03-31 13F CUMMINS INC COM Stock 231021106 11,111 403 3.76 2,654 2.31 0.1278
2023-02-09 2022-12-31 13F CUMMINS INC COM Stock 231021106 10,708 290 2.78 2,595 22.36 0.1423
2022-10-31 2022-09-30 13F CUMMINS INC COM Stock 231021106 10,418 535 5.41 2,120 10.82 0.1352
2022-08-03 2022-06-30 13F CUMMINS INC COM Stock 231021106 9,883 -455 -4.40 1,913 -9.76 0.1201
2022-04-28 2022-03-31 13F CUMMINS INC COM Stock 231021106 10,338 881 9.32 2,120 2.76 0.1077
2022-01-07 2021-12-31 13F CUMMINS INC COM Stock 231021106 9,457 -359 -3.66 2,063 -6.40 0.1116
2021-11-02 2021-09-30 13F CUMMINS INC COM Stock 231021106 9,816 166 1.72 2,204 -6.33 0.1260
2021-07-22 2021-06-30 13F CUMMINS INC COM Stock 231021106 9,650 117 1.23 2,353 -4.74 0.1427
2021-04-12 2021-03-31 13F CUMMINS INC COM Stock 231021106 9,533 -1,329 -12.24 2,470 0.12 0.1143
2021-02-11 2020-12-31 13F CUMMINS INC COM Stock 231021106 10,862 -1,294 -10.64 2,467 -3.90 0.1268
2020-10-28 2020-09-30 13F CUMMINS INC COM Stock 231021106 12,156 -1,969 -13.94 2,567 4.90 0.2245
2020-07-20 2020-06-30 13F CUMMINS INC COM Stock 231021106 14,125 950 7.21 2,447 23.27 0.2228
2020-04-13 2020-03-31 13F CUMMINS INC COM Stock 231021106 13,175 -4,129 -23.86 1,985 -35.91 0.2111
2020-01-24 2019-12-31 13F CUMMINS INC COM Stock 231021106 17,304 75 0.44 3,097 10.49 0.3006
2019-10-15 2019-09-30 13F CUMMINS INC COM Stock 231021106 17,229 -249 -1.42 2,803 -6.41 0.3096
2019-07-10 2019-06-30 13F CUMMINS INC COM Stock 231021106 17,478 190 1.10 2,995 9.75 0.3430
2019-04-12 2019-03-31 13F CUMMINS INC COM Stock 231021106 17,288 7,017 68.32 2,729 98.76 0.3316
2019-01-30 2018-12-31 13F CUMMINS INC COM Stock 231021106 10,271 -114 -1.10 1,373 -3.24 0.1925
2018-11-01 2018-09-30 13F CUMMINS INC COM Stock 231021106 10,385 4,677 81.94 1,419 78.04 0.1916
2018-08-14 2018-06-30 13F CUMMINS INC COM Stock 231021106 5,708 352 6.57 797 -8.18 0.1117
2018-04-12 2018-03-31 13F CUMMINS INC COM Stock 231021106 5,356 -1,827 -25.44 868 -31.60 0.1392
2018-02-09 2017-12-31 13F CUMMINS INC COM Stock 231021106 7,183 71 1.00 1,269 6.19 0.2083
2017-11-15 2017-09-30 13F/A-1 CUMMINS INC COM Stock 231021106 7,112 7,112 1,195 0.2705
2017-11-14 2017-09-30 13F CUMMINS INC COM Stock 231021106 7,112 1,195
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.