Cliff Asness's CMI Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 742,354 shares of Cummins Inc. (CMI) worth $378.93 M, representing 0.20% of the portfolio. First purchased in 2012-Q4, this long-term strategic position has been held for 53 quarters.
Based on 13F filings since 2013, Cliff Asness has maintained a long-term strategic position in CMI, representing a significant commitment to this investment thesis. Largest addition occurred in Q2 2019, adding 1.5 M shares. Largest reduction occurred in Q3 2018, reducing 1.07 M shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's Cummins (CMI) Holding Value Over Time
Track share changes against reported price movement
Quarterly Cummins (CMI) Trades by Cliff Asness
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | +82,978 | Add 12.58% | 742,354 | $510.45 |
| Q3 2025 | +17,798 | Add 2.77% | 659,376 | $418.83 |
| Q2 2025 | -380,795 | Reduce 37.25% | 641,578 | $325.57 |
| Q1 2025 | +424,294 | Add 70.94% | 1.02 M | $308.05 |
| Q4 2024 | -46,884 | Reduce 7.27% | 598,079 | $348.60 |
| Q3 2024 | +28,087 | Add 4.55% | 644,963 | $323.79 |
| Q2 2024 | +145,921 | Add 30.98% | 616,876 | $276.93 |
| Q1 2024 | +20,607 | Add 4.58% | 470,955 | $294.65 |
| Q4 2023 | +26,325 | Add 6.21% | 450,348 | $239.57 |
| Q3 2023 | -50,760 | Reduce 10.69% | 424,023 | $228.46 |
| Q2 2023 | -2,552 | Reduce 0.53% | 474,783 | $244.83 |
| Q1 2023 | +942 | Add 0.20% | 477,335 | $234.80 |
| Q4 2022 | -218,850 | Reduce 31.48% | 476,393 | $240.44 |
| Q3 2022 | -178,955 | Reduce 20.47% | 695,243 | $203.51 |
| Q2 2022 | -27,809 | Reduce 3.08% | 874,198 | $189.49 |
| Q1 2022 | -100,037 | Reduce 9.98% | 902,007 | $205.11 |
| Q4 2021 | -107,134 | Reduce 9.66% | 1 M | $217.87 |
| Q3 2021 | +154,560 | Add 16.19% | 1.11 M | $224.56 |
| Q2 2021 | -180,672 | Reduce 15.91% | 954,618 | $241.15 |
| Q1 2021 | +148,053 | Add 15.00% | 1.14 M | $259.11 |
| Q4 2020 | +342,768 | Add 53.19% | 987,237 | $224.85 |
| Q3 2020 | -106,108 | Reduce 14.14% | 644,469 | $211.16 |
| Q2 2020 | -509,803 | Reduce 40.45% | 750,577 | $171.39 |
| Q1 2020 | -763,847 | Reduce 37.74% | 1.26 M | $132.59 |
| Q4 2019 | -472,753 | Reduce 18.93% | 2.02 M | $178.96 |
| Q3 2019 | +130,209 | Add 5.50% | 2.5 M | $162.10 |
| Q2 2019 | +1.5 M | Add 173.83% | 2.37 M | $169.17 |
| Q1 2019 | +250,846 | Add 40.89% | 864,309 | $157.11 |
| Q4 2018 | -93,898 | Reduce 13.27% | 613,463 | $133.64 |
| Q3 2018 | -1.07 M | Reduce 60.11% | 707,361 | $146.07 |
| Q2 2018 | +662,172 | Add 59.59% | 1.77 M | $134.63 |
| Q1 2018 | +7,699 | Add 0.70% | 1.11 M | $162.09 |
| Q4 2017 | -88,291 | Reduce 7.41% | 1.1 M | $176.64 |
| Q3 2017 | -370,332 | Reduce 23.71% | 1.19 M | $168.70 |
| Q2 2017 | -924,056 | Reduce 37.17% | 1.56 M | $162.22 |
| Q1 2017 | +205,659 | Add 9.02% | 2.49 M | $151.20 |
| Q4 2016 | +590,261 | Add 34.92% | 2.28 M | $136.67 |
| Q3 2016 | +521,489 | Add 44.62% | 1.69 M | $128.15 |
| Q2 2016 | +157,857 | Add 15.61% | 1.17 M | $112.44 |
| Q1 2016 | +171,747 | Add 20.46% | 1.01 M | $109.94 |
| Q4 2015 | +69,794 | Add 9.07% | 839,253 | $88.01 |
| Q3 2015 | +43,819 | Add 6.04% | 769,459 | $108.58 |
| Q2 2015 | -32,443 | Reduce 4.28% | 725,640 | $131.19 |
| Q1 2015 | +282,788 | Add 59.50% | 758,083 | $138.64 |
| Q4 2014 | +73,741 | Add 18.36% | 475,295 | $144.17 |
| Q3 2014 | -142,714 | Reduce 26.22% | 401,554 | $131.98 |
| Q2 2014 | +53,100 | Add 10.81% | 544,268 | $154.29 |
| Q1 2014 | -13,100 | Reduce 2.60% | 491,168 | $148.99 |
| Q4 2013 | +173,921 | Add 52.65% | 504,268 | $140.97 |
| Q3 2013 | +99,157 | Add 42.89% | 330,347 | $132.87 |
| Q2 2013 | +231,190 | Add 0.00% | 231,190 | $108.46 |
| Q4 2012 | +180,347 | Add 0.00% | 180,347 | $108.35 |
Cliff Asness's Cummins Investment FAQs
Cliff Asness first purchased Cummins Inc. (CMI) in Q4 2012, acquiring 180,347 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness has held Cummins Inc. (CMI) for 53 quarters since Q4 2012.
Cliff Asness's largest addition to Cummins Inc. (CMI) was in Q2 2019, adding 2,366,771 shares worth $400.39 M.
According to the latest 13F filing for Q4 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 742,354 shares of Cummins Inc. (CMI), valued at approximately $378.93 M.
As of the Q4 2025 filing, Cummins Inc. (CMI) represents approximately 0.20% of Cliff Asness's publicly disclosed stock portfolio, making it one of their key holdings.
Cliff Asness's peak holding in Cummins Inc. (CMI) was 2,496,980 shares, as reported at the end of Q3 2019.