Ray Dalio's CMI Position Overview
Ray Dalio (via Bridgewater Associates, Lp) currently holds 30,783 shares of Cummins Inc. (CMI) worth $15.71 M, representing 0.06% of the portfolio. First purchased in 2013-Q3, this long-term strategic position has been held for 41 quarters.
Based on 13F filings since 2013, Ray Dalio has maintained a long-term strategic position in CMI, representing a significant commitment to this investment thesis. Largest addition occurred in Q2 2018, adding 235,261 shares. Largest reduction occurred in Q1 2016, reducing 139,400 shares.
Analysis based on 13F filings available since 2013 Q2
Ray Dalio's Cummins (CMI) Holding Value Over Time
Track share changes against reported price movement
Quarterly Cummins (CMI) Trades by Ray Dalio
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | +26,120 | Add 560.15% | 30,783 | $510.45 |
| Q3 2025 | +4,663 | New Buy | 4,663 | $422.37 |
| Q3 2024 | -1,148 | Sold Out | 0 | $0.00 |
| Q2 2024 | +190 | Add 19.83% | 1,148 | $276.93 |
| Q1 2024 | -33,671 | Reduce 97.23% | 958 | $294.65 |
| Q4 2023 | +5,953 | Add 20.76% | 34,629 | $239.57 |
| Q3 2023 | -10,788 | Reduce 27.34% | 28,676 | $228.46 |
| Q2 2023 | +39,464 | New Buy | 39,464 | $245.16 |
| Q4 2022 | -42,998 | Sold Out | 0 | $0.00 |
| Q3 2022 | -56,994 | Reduce 57.00% | 42,998 | $203.52 |
| Q2 2022 | +28,923 | Add 40.70% | 99,992 | $193.53 |
| Q1 2022 | +71,069 | New Buy | 71,069 | $205.11 |
| Q3 2021 | -39,744 | Sold Out | 0 | $0.00 |
| Q2 2021 | +39,744 | New Buy | 39,744 | $243.81 |
| Q1 2021 | -16,495 | Sold Out | 0 | $0.00 |
| Q4 2020 | +4,944 | Add 42.80% | 16,495 | $227.10 |
| Q3 2020 | +9,521 | Add 469.01% | 11,551 | $211.15 |
| Q2 2020 | +2,030 | New Buy | 2,030 | $173.40 |
| Q1 2020 | -6,505 | Sold Out | 0 | $0.00 |
| Q4 2019 | -7,077 | Reduce 52.11% | 6,505 | $178.94 |
| Q3 2019 | +13,582 | New Buy | 13,582 | $162.64 |
| Q2 2019 | -33,436 | Sold Out | 0 | $0.00 |
| Q1 2019 | -103,644 | Reduce 75.61% | 33,436 | $157.88 |
| Q4 2018 | +29,855 | Add 27.84% | 137,080 | $133.64 |
| Q3 2018 | -128,036 | Reduce 54.42% | 107,225 | $146.07 |
| Q2 2018 | +235,261 | New Buy | 235,261 | $133.00 |
| Q4 2017 | -26,924 | Sold Out | 0 | $0.00 |
| Q3 2017 | +26,924 | New Buy | 26,924 | $168.03 |
| Q3 2016 | -31,900 | Sold Out | 0 | $0.00 |
| Q2 2016 | +9,550 | Add 42.73% | 31,900 | $112.45 |
| Q1 2016 | -139,400 | Reduce 86.18% | 22,350 | $109.93 |
| Q4 2015 | +57,850 | Add 55.68% | 161,750 | $88.01 |
| Q3 2015 | +86,600 | Add 500.58% | 103,900 | $108.58 |
| Q2 2015 | +17,300 | New Buy | 17,300 | $131.21 |
| Q1 2015 | -42,966 | Sold Out | 0 | $0.00 |
| Q4 2014 | +27,300 | Add 174.26% | 42,966 | $144.16 |
| Q3 2014 | +1,242 | Add 8.61% | 15,666 | $132.01 |
| Q2 2014 | +5,189 | Add 56.19% | 14,424 | $154.26 |
| Q1 2014 | +9,235 | New Buy | 9,235 | $149.00 |
| Q4 2013 | -11,080 | Sold Out | 0 | $0.00 |
| Q3 2013 | +11,080 | New Buy | 11,080 | $132.85 |
Ray Dalio's Cummins Investment FAQs
Ray Dalio first purchased Cummins Inc. (CMI) in Q3 2013, acquiring 11,080 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Ray Dalio has held Cummins Inc. (CMI) for 41 quarters since Q3 2013.
Ray Dalio's largest addition to Cummins Inc. (CMI) was in Q2 2018, adding 235,261 shares worth $31.29 M.
According to the latest 13F filing for Q4 2025, Ray Dalio's firm, Bridgewater Associates, Lp, owns 30,783 shares of Cummins Inc. (CMI), valued at approximately $15.71 M.
As of the Q4 2025 filing, Cummins Inc. (CMI) represents approximately 0.06% of Ray Dalio's publicly disclosed stock portfolio, making it one of their key holdings.
Ray Dalio's peak holding in Cummins Inc. (CMI) was 235,261 shares, as reported at the end of Q2 2018.