Vanguard Group Inc ownership in CMI / Cummins Inc.

Cummins Inc.

MX ˙ BMV ˙ US2310211063

Security	MX:CMI / Cummins Inc.
Institution	Vanguard Group Inc
Latest Disclosed Ownership	17,754,995 shares
Ownership	12.53%

2024-02-13 - Vanguard Group Inc has filed an SC 13G/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 17,754,995 shares of Cummins Inc. (MX:CMI). This represents 12.53 percent ownership of the company. In their previous filing dated 2023-07-10 , Vanguard Group Inc had reported owning 15,705,485 shares, indicating an increase of 13.05 percent.

Institutional Ownership: 13D/G Filings

This table shows a history of the 13D/G filings made by the investor and/or investor group. Note that the share values in this table are not directly comparable to any numbers shown in the 13F table (if any).

File Date	Effective Date	Form	Prev Shares	Latest Shares	ΔShares (Percent)	Ownership (Percent)	ΔOwnership (Percent)
2024-02-13	2024-02-13	13G/A	15,705,485	17,754,995	13.05	12.53	12.98
2023-07-10	2023-07-10	13G/A	13,205,088	15,705,485	18.94	11.09	18.48
2023-02-09	2023-02-09	13G/A	12,921,906	13,205,088	2.19	9.36	3.65
2022-02-09	2022-02-09	13G/A	12,979,070	12,921,906	-0.44	9.03	2.96
2021-02-10	2021-02-10	13G/A	12,579,161	12,979,070	3.18	8.77	6.82
2020-02-12	2020-02-12	13G/A	13,014,854	12,579,161	-3.35	8.21	1.36
2019-02-11	2019-02-11	13G/A	11,237,797	13,014,854	15.81	8.10	19.65
2018-02-09	2018-02-09	13G/A	10,805,548	11,237,797	4.00	6.77	5.45
2017-02-09	2017-02-09	13G/A	9,723,948	10,805,548	11.12	6.42	17.37
2016-02-10	2016-02-10	13G/A		9,723,948		5.47
2015-02-10	2015-02-10	13G		9,134,997		5.00

Important Note: One of the primary uses of the 13D/G filings is to evaluate the ability of a firm to control a company (ie, the "beneficial ownership"). To that end, firms are required to report not just direct holdings in companies, but indirect holdings that they control. For investment firms, these indirect holdings can include shares in funds they manage, advisory accounts, and in the case of activist campaigns, pledged votes. Therefore, share counts listed in 13D/G filings can differ significantly than share counts listed in 13F filings.

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	Reported Shares	ΔShares	ΔShares (%)	Reported Value (x1000)	ΔValue (%)	Alloc (%)
2026-01-29	2025-12-31	13F	CUMMINS	COM	231021106	17,746,775	98,544	0.56	9,058,841	21.53	0.1313
2025-11-07	2025-09-30	13F	CUMMINS	COM	231021106	17,648,231	20,082	0.11	7,454,083	29.11	0.1116
2025-08-11	2025-06-30	13F	CUMMINS	COM	231021106	17,628,149	344,680	1.99	5,773,219	6.57	0.0934
2025-05-09	2025-03-31	13F	CUMMINS	COM	231021106	17,283,469	321,823	1.90	5,417,331	-8.38	0.0979
2025-02-11	2024-12-31	13F	CUMMINS	COM	231021106	16,961,646	250,650	1.50	5,912,830	9.28	0.1030
2024-11-13	2024-09-30	13F	CUMMINS	COM	231021106	16,710,996	11,567	0.07	5,410,853	17.00	0.0969
2024-08-13	2024-06-30	13F	CUMMINS	COM	231021106	16,699,429	28,836	0.17	4,624,573	-5.85	0.0888
2024-05-10	2024-03-31	13F	CUMMINS	COM	231021106	16,670,593	-1,084,920	-6.11	4,911,990	15.48	0.0973
2024-03-11	2023-12-31	13F/A-1	CUMMINS	COM	231021106	17,755,513	-5,804	-0.03	4,253,688	4.83	0.0929
2024-02-14	2023-12-31	13F	CUMMINS	COM	231021106	17,755,513	-5,804		4,253,688		0.0807
2023-12-18	2023-09-30	13F/A-1	CUMMINS	COM	231021106	17,761,317	2,055,239	13.09	4,057,750	5.38	0.0997
2023-11-14	2023-09-30	13F	CUMMINS	COM	231021106	17,761,317	2,055,239		4,057,750		0.0997
2023-08-14	2023-06-30	13F	CUMMINS	COM	231021106	15,706,078	2,292,728	17.09	3,850,502	20.17	0.0913
2023-07-14	2023-03-31	13F/A-1	CUMMINS	COM	231021106	13,413,350	208,262	1.58	3,204,181	0.15	0.0816
2023-05-15	2023-03-31	13F	CUMMINS	COM	231021106	13,412,757	207,669		3,204,039		0.0816
2023-02-10	2022-12-31	13F	CUMMINS	COM	231021106	13,205,088	1,256	0.01	3,199,461	19.07	0.0871
2022-11-14	2022-09-30	13F	CUMMINS	COM	231021106	13,203,832	226,774	1.75	2,687,113	6.99	0.0790
2022-08-12	2022-06-30	13F	CUMMINS	COM	231021106	12,977,058	103,297	0.80	2,511,450	-4.89	0.0706
2022-05-13	2022-03-31	13F	CUMMINS	COM	231021106	12,873,761	-48,145	-0.37	2,640,538	-6.32	0.0625
2022-02-14	2021-12-31	13F	CUMMINS	COM	231021106	12,921,906	5,863	0.05	2,818,784	-2.81	0.0640
2021-11-12	2021-09-30	13F	CUMMINS	COM	231021106	12,916,043	-112,065	-0.86	2,900,426	-8.69	0.0720
2021-08-13	2021-06-30	13F	CUMMINS	COM	231021106	13,028,108	5,904	0.05	3,176,383	-5.86	0.0790
2021-05-14	2021-03-31	13F	CUMMINS	COM	231021106	13,022,204	43,134	0.33	3,374,184	14.47	0.0913
2021-02-12	2020-12-31	13F	CUMMINS	COM	231021106	12,979,070	-29,662	-0.23	2,947,546	7.30	0.0855
2020-11-16	2020-09-30	13F	CUMMINS	COM	231021106	13,008,732	-293,511	-2.21	2,746,924	19.19	0.0909
2020-08-14	2020-06-30	13F	CUMMINS	COM	231021106	13,302,243	392,253	3.04	2,304,748	31.93	0.0817
2020-05-15	2020-03-31	13F	CUMMINS	COM	231021106	12,909,990	330,829	2.63	1,746,980	-22.40	0.0745
2020-02-14	2019-12-31	13F	CUMMINS	COM	231021106	12,579,161	-252,013	-1.96	2,251,167	7.85	0.0768
2019-11-14	2019-09-30	13F	CUMMINS	COM	231021106	12,831,174	660,455	5.43	2,087,247	0.09	0.0774
2019-08-14	2019-06-30	13F	CUMMINS	COM	231021106	12,170,719	276,792	2.33	2,085,331	11.06	0.0785
2019-05-15	2019-03-31	13F	CUMMINS	COM	231021106	11,893,927	-1,120,927	-8.61	1,877,694	7.96	0.0737
2019-02-14	2018-12-31	13F	CUMMINS	COM	231021106	13,014,854	474,952	3.79	1,739,306	-5.04	0.0781
2018-12-13	2018-09-30	13F/A-2	CUMMINS	COM	231021106	12,539,902	-24,172	-0.19	1,831,703	9.62	0.0716
2018-11-23	2018-09-30	13F/A-1	CUMMINS	COM	231021106	12,539,902	0		1,831,703		0.0716
2018-11-14	2018-09-30	13F	CUMMINS	COM	231021106	12,539,902	-24,172		1,831,703
2018-08-14	2018-06-30	13F	CUMMINS	COM	231021106	12,564,074	-162,120	-1.27	1,671,022	-18.99	0.0699
2018-05-15	2018-03-31	13F	CUMMINS	COM	231021106	12,726,194	1,488,397	13.24	2,062,789	3.92	0.0902
2018-02-14	2017-12-31	13F	CUMMINS	COM	231021106	11,237,797	141,777	1.28	1,985,044	6.47	0.0868
2017-11-14	2017-09-30	13F	CUMMINS	COM	231021106	11,096,020	-518,296	-4.46	1,864,464	-1.04	0.0871
2017-08-24	2017-06-30	13F/A-1	CUMMINS	COM	231021106	11,614,316	298,352	2.64	1,884,074	10.12	0.0928
2017-08-11	2017-06-30	13F	CUMMINS	COM	231021106	11,614,316	298,352		1,884,074
2017-05-12	2017-03-31	13F	CUMMINS	COM	231021106	11,315,964	510,416	4.72	1,710,973	15.86	0.0880
2017-02-14	2016-12-31	13F	CUMMINS	COM	231021106	10,805,548	487,003	4.72	1,476,795	11.68	0.0824
2016-11-14	2016-09-30	13F	CUMMINS	COM	231021106	10,318,545	194,095	1.92	1,322,322	16.16	0.0777
2016-08-10	2016-06-30	13F	CUMMINS	COM	231021106	10,124,450	34,225	0.34	1,138,393	2.62	0.0707
2016-05-13	2016-03-31	13F	CUMMINS	COM	231021106	10,090,225	366,277	3.77	1,109,319	29.62	0.0719
2016-02-08	2015-12-31	13F	CUMMINS	COM	231021106	9,723,948	-23,389	-0.24	855,804	-19.14	0.0575
2015-11-12	2015-09-30	13F/A-1	CUMMINS	COM	231021106	9,747,337	81,444	0.84	1,058,366	-16.54	0.0449
2015-11-12	2015-09-30	13F	CUMMINS	COM	231021106	20,797,497			1,449,556
2015-08-13	2015-06-30	13F	CUMMINS	COM	231021106	9,665,893	273,281	2.91	1,268,069	-2.62	0.0857
2015-05-15	2015-03-31	13F/A-1	CUMMINS	COM	231021106	9,392,612	257,615	2.82	1,302,192	-1.12	0.0883
2015-05-14	2015-03-31	13F	CUMMINS	COM	231021106	9,392,612			1,302,192
2015-02-12	2014-12-31	13F	CUMMINS	COM	231021106	9,134,997	233,751	2.63	1,316,991	12.10	0.0949
2014-11-12	2014-09-30	13F	CUMMINS	COM	231021106	8,901,246	-58,854	-0.66	1,174,788	-15.02	0.0916
2014-08-11	2014-06-30	13F	CUMMINS	COM	231021106	8,960,100	45,343	0.51	1,382,454	4.08	0.1089
2014-05-13	2014-03-31	13F	CUMMINS	COM	231021106	8,914,757	189,315	2.17	1,328,210	7.98	0.1117
2014-02-12	2013-12-31	13F	CUMMINS	COM	231021106	8,725,442	106,919	1.24	1,230,025	7.41	0.1082
2013-11-07	2013-09-30	13F	CUMMINS	COM	231021106	8,618,523	81,896	0.96	1,145,144	23.68	0.1118
2013-08-13	2013-06-30	13F	CUMMINS	COM	231021106	8,536,627	8,536,627		925,882		0.0972

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.