Jeremy Grantham's CMI Position Overview
Jeremy Grantham (via Grantham, Mayo, Van Otterloo & Co. LLC) currently holds 103,898 shares of Cummins Inc. (CMI) worth $43.88 M, representing 0.12% 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, Jeremy Grantham has maintained a long-term strategic position in CMI, representing a significant commitment to this investment thesis. Largest addition occurred in Q2 2014, adding 149,900 shares. Largest reduction occurred in Q4 2014, reducing 208,200 shares.
Analysis based on 13F filings available since 2013 Q2
Jeremy Grantham's Cummins (CMI) Holding Value Over Time
Track share changes against reported price movement
Quarterly Cummins (CMI) Trades by Jeremy Grantham
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q2 2013 | +154,101 | Add 0.00% | 154,100 | $108.46 |
| Q3 2013 | +12,300 | Add 7.98% | 166,400 | $132.87 |
| Q4 2013 | -166,400 | Sold Out | 166,400 | $132.87 |
| Q1 2014 | +66,900 | New Buy | 66,900 | $148.98 |
| Q2 2014 | +149,900 | Add 224.07% | 216,800 | $154.29 |
| Q3 2014 | -216,800 | Sold Out | 216,800 | $154.29 |
| Q4 2014 | +8,600 | New Buy | 8,600 | $144.19 |
| Q1 2015 | -700 | Reduce 8.14% | 7,900 | $138.61 |
| Q2 2015 | +1,900 | Add 24.05% | 9,800 | $131.22 |
| Q4 2015 | -1,400 | Reduce 14.29% | 8,400 | $87.98 |
| Q1 2016 | +300 | Add 3.57% | 8,700 | $109.89 |
| Q2 2016 | +273 | Add 3.14% | 8,973 | $112.45 |
| Q3 2016 | -7,373 | Reduce 82.17% | 1,600 | $128.12 |
| Q4 2016 | +52,900 | Add 3306.25% | 54,500 | $136.68 |
| Q1 2017 | +32,940 | Add 60.44% | 87,440 | $151.20 |
| Q2 2017 | +15,800 | Add 18.07% | 103,240 | $162.22 |
| Q3 2017 | -12,200 | Reduce 11.82% | 91,040 | $168.03 |
| Q4 2017 | -700 | Reduce 0.77% | 90,340 | $176.64 |
| Q1 2018 | +200 | Add 0.22% | 90,540 | $162.09 |
| Q2 2018 | -6,074 | Reduce 6.71% | 84,466 | $133.00 |
| Q3 2018 | +1,100 | Add 1.30% | 85,566 | $146.07 |
| Q4 2018 | -16,600 | Reduce 19.40% | 68,966 | $133.65 |
| Q1 2019 | +47,200 | Add 68.44% | 116,166 | $157.87 |
| Q2 2019 | -53,130 | Reduce 45.74% | 63,036 | $171.35 |
| Q3 2019 | -24,268 | Reduce 38.50% | 38,768 | $162.66 |
| Q4 2019 | -20,656 | Reduce 53.28% | 18,112 | $178.94 |
| Q1 2020 | +2,500 | Add 13.80% | 20,612 | $135.31 |
| Q2 2020 | -3,800 | Reduce 18.44% | 16,812 | $173.27 |
| Q1 2021 | +30,440 | Add 181.06% | 47,252 | $259.10 |
| Q2 2021 | +1,400 | Add 2.96% | 48,652 | $243.81 |
| Q3 2021 | -400 | Reduce 0.82% | 48,252 | $224.55 |
| Q4 2021 | +992 | Add 2.06% | 49,244 | $218.14 |
| Q1 2022 | -45,441 | Reduce 92.28% | 3,803 | $205.10 |
| Q2 2022 | +1,397 | Add 36.73% | 5,200 | $193.46 |
| Q3 2022 | +6,500 | Add 125.00% | 11,700 | $203.50 |
| Q4 2022 | +34,152 | Add 291.90% | 45,852 | $242.29 |
| Q1 2023 | +8,900 | Add 19.41% | 54,752 | $238.88 |
| Q2 2023 | +56,353 | Add 102.92% | 111,105 | $245.16 |
| Q3 2023 | -6,546 | Reduce 5.89% | 104,559 | $228.46 |
| Q4 2023 | -32,877 | Reduce 31.44% | 71,682 | $239.57 |
| Q1 2024 | -5,487 | Reduce 7.65% | 66,195 | $294.65 |
| Q2 2024 | +31,765 | Add 47.99% | 97,960 | $276.93 |
| Q3 2024 | +217 | Add 0.22% | 98,177 | $323.79 |
| Q4 2024 | -307 | Reduce 0.31% | 97,870 | $348.60 |
| Q1 2025 | +40,541 | Add 41.42% | 138,411 | $313.44 |
| Q2 2025 | -11,383 | Reduce 8.22% | 127,028 | $327.50 |
| Q3 2025 | -23,130 | Reduce 18.21% | 103,898 | $422.37 |
Jeremy Grantham's Cummins Investment FAQs
Jeremy Grantham first purchased Cummins Inc. (CMI) in Q2 2013, acquiring 154,100 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Jeremy Grantham has held Cummins Inc. (CMI) for 50 quarters since Q2 2013.
Jeremy Grantham's largest addition to Cummins Inc. (CMI) was in Q2 2013, adding 154,100 shares worth $16.71 M.
According to the latest 13F filing for Q3 2025, Jeremy Grantham's firm, Grantham, Mayo, Van Otterloo & Co. LLC, owns 103,898 shares of Cummins Inc. (CMI), valued at approximately $43.88 M.
As of the Q3 2025 filing, Cummins Inc. (CMI) represents approximately 0.12% of Jeremy Grantham's publicly disclosed stock portfolio, making it one of their key holdings.
Jeremy Grantham's peak holding in Cummins Inc. (CMI) was 216,800 shares, as reported at the end of Q2 2014.