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TD Asset Management Inc. Reduces Stake in Cummins Inc.
Institutional investor cuts holdings in engine manufacturer by nearly 30% in Q3
Mar. 3, 2026 at 7:47am
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TD Asset Management Inc. reduced its stake in Cummins Inc. (NYSE: CMI) by 29.7% during the third quarter, according to a recent SEC filing. The institutional investor now owns 82,829 shares of the engine manufacturer's stock, down from 117,762 shares held previously.
Why it matters
Cummins is a major player in the global engine and power generation equipment market, so changes in institutional ownership can signal shifts in investor sentiment around the company's performance and future prospects.
The details
According to the 13F filing, TD Asset Management sold 34,933 Cummins shares during the third quarter. The firm now owns approximately 0.06% of Cummins' outstanding stock, valued at around $34.98 million as of the most recent reporting period.
- TD Asset Management filed the 13F report for the third quarter of 2026.
The players
TD Asset Management Inc.
A major institutional investor that manages a diversified portfolio of equity and fixed-income assets.
Cummins Inc.
A global power technology company that designs, manufactures, and services diesel and natural gas engines, electrified powertrains, and related components.
The takeaway
The reduction in TD Asset Management's Cummins holdings could signal broader caution among institutional investors regarding the engine manufacturer's near-term outlook, though the company remains a top-rated stock among Wall Street analysts.
