HOTCHKIS & WILEY's CMI Position Overview
HOTCHKIS & WILEY (via Hotchkis & Wiley Capital Management LLC) currently holds 1.27 M shares of Cummins Inc. (CMI) worth $534.87 M, representing 1.65% of the portfolio. First purchased in 2013-Q2, this long-term strategic position has been held for 50 quarters.
Based on 13F filings since 2013, HOTCHKIS & WILEY has maintained a long-term strategic position in CMI, representing a significant commitment to this investment thesis. Largest addition occurred in Q4 2015, adding 1.9 M shares. Largest reduction occurred in Q3 2016, reducing 1.08 M shares.
Analysis based on 13F filings available since 2013 Q2
HOTCHKIS & WILEY's Cummins (CMI) Holding Value Over Time
Track share changes against reported price movement
Quarterly Cummins (CMI) Trades by HOTCHKIS & WILEY
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q2 2013 | +2.6 M | Add 0.00% | 2.6 M | $108.46 |
| Q3 2013 | -125,213 | Reduce 4.82% | 2.47 M | $132.87 |
| Q4 2013 | +117,427 | Add 4.75% | 2.59 M | $140.97 |
| Q1 2014 | +121,880 | Add 4.70% | 2.71 M | $148.99 |
| Q2 2014 | +17,636 | Add 0.65% | 2.73 M | $154.29 |
| Q3 2014 | +315,922 | Add 11.57% | 3.05 M | $131.98 |
| Q4 2014 | -154,702 | Reduce 5.08% | 2.89 M | $144.17 |
| Q1 2015 | +218,163 | Add 7.54% | 3.11 M | $138.64 |
| Q2 2015 | +562,710 | Add 18.09% | 3.67 M | $131.19 |
| Q3 2015 | +200,461 | Add 5.46% | 3.87 M | $108.58 |
| Q4 2015 | +1.9 M | Add 49.07% | 5.77 M | $88.01 |
| Q1 2016 | +105,804 | Add 1.83% | 5.88 M | $109.94 |
| Q2 2016 | -63,375 | Reduce 1.08% | 5.82 M | $112.44 |
| Q3 2016 | -1.08 M | Reduce 18.49% | 4.74 M | $128.15 |
| Q4 2016 | -947,317 | Reduce 19.98% | 3.79 M | $136.67 |
| Q1 2017 | -31,428 | Reduce 0.83% | 3.76 M | $151.20 |
| Q2 2017 | -195,900 | Reduce 5.21% | 3.57 M | $162.22 |
| Q3 2017 | -61,939 | Reduce 1.74% | 3.5 M | $168.03 |
| Q4 2017 | -365,087 | Reduce 10.42% | 3.14 M | $176.64 |
| Q1 2018 | -316,296 | Reduce 10.08% | 2.82 M | $162.09 |
| Q2 2018 | +136,639 | Add 4.84% | 2.96 M | $133.00 |
| Q3 2018 | +71,068 | Add 2.40% | 3.03 M | $146.07 |
| Q4 2018 | +418,903 | Add 13.82% | 3.45 M | $133.64 |
| Q1 2019 | -155,800 | Reduce 4.52% | 3.29 M | $157.87 |
| Q2 2019 | -654,755 | Reduce 19.88% | 2.64 M | $171.34 |
| Q3 2019 | -113,090 | Reduce 4.29% | 2.53 M | $162.67 |
| Q4 2019 | +244,103 | Add 9.67% | 2.77 M | $178.96 |
| Q1 2020 | +362,800 | Add 13.10% | 3.13 M | $135.32 |
| Q2 2020 | -368,676 | Reduce 11.77% | 2.76 M | $173.26 |
| Q3 2020 | -365,770 | Reduce 13.23% | 2.4 M | $211.16 |
| Q4 2020 | -296,740 | Reduce 12.37% | 2.1 M | $227.10 |
| Q1 2021 | -73,050 | Reduce 3.48% | 2.03 M | $259.11 |
| Q2 2021 | -266,620 | Reduce 13.15% | 1.76 M | $243.81 |
| Q3 2021 | -53,030 | Reduce 3.01% | 1.71 M | $224.56 |
| Q4 2021 | -85,804 | Reduce 5.02% | 1.62 M | $218.14 |
| Q1 2022 | +89,817 | Add 5.53% | 1.71 M | $205.11 |
| Q2 2022 | -112,741 | Reduce 6.58% | 1.6 M | $193.53 |
| Q3 2022 | -49,247 | Reduce 3.08% | 1.55 M | $203.51 |
| Q4 2022 | -215,029 | Reduce 13.87% | 1.34 M | $242.29 |
| Q1 2023 | -28,970 | Reduce 2.17% | 1.31 M | $238.88 |
| Q2 2023 | +168,076 | Add 12.86% | 1.47 M | $245.16 |
| Q3 2023 | -140,961 | Reduce 9.56% | 1.33 M | $228.46 |
| Q4 2023 | +64,365 | Add 4.83% | 1.4 M | $239.57 |
| Q1 2024 | -14,277 | Reduce 1.02% | 1.38 M | $294.65 |
| Q2 2024 | -21,023 | Reduce 1.52% | 1.36 M | $276.93 |
| Q3 2024 | -10,195 | Reduce 0.75% | 1.35 M | $323.79 |
| Q4 2024 | -24,486 | Reduce 1.81% | 1.33 M | $348.60 |
| Q1 2025 | -4,766 | Reduce 0.36% | 1.32 M | $313.44 |
| Q2 2025 | +209,424 | Add 15.83% | 1.53 M | $327.50 |
| Q3 2025 | -266,374 | Reduce 17.38% | 1.27 M | $422.37 |
HOTCHKIS & WILEY's Cummins Investment FAQs
HOTCHKIS & WILEY first purchased Cummins Inc. (CMI) in Q2 2013, acquiring 2,598,664 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
HOTCHKIS & WILEY has held Cummins Inc. (CMI) for 50 quarters since Q2 2013.
HOTCHKIS & WILEY's largest addition to Cummins Inc. (CMI) was in Q2 2013, adding 2,598,664 shares worth $281.85 M.
According to the latest 13F filing for Q3 2025, HOTCHKIS & WILEY's firm, Hotchkis & Wiley Capital Management LLC, owns 1,266,364 shares of Cummins Inc. (CMI), valued at approximately $534.87 M.
As of the Q3 2025 filing, Cummins Inc. (CMI) represents approximately 1.65% of HOTCHKIS & WILEY's publicly disclosed stock portfolio, making it one of their key holdings.
HOTCHKIS & WILEY's peak holding in Cummins Inc. (CMI) was 5,879,047 shares, as reported at the end of Q1 2016.