The floor’s littered with sell orders and quick exits. OLD National Bancorp slammed the door on $7.1 million worth of Cummins shares – no ceremony, just a cold cut-and-run. Yet on the next row, a different breed of predator prowls the rubble.
Capital Investment Advisors also lightened the load – shedding 1,600+ shares in Q1, trimming their Cummins holdings to just over 108,000. That’s $34 million still on the table, but the message is clear: confidence isn’t universal. Some titans are hedging quietly while others double down loud.
Brighton Jones tip‑toes in with a modest 4 percent add. Stratos Wealth smirks and leans heavier, tacking on 8.7 percent. And Mirae Asset? They dive headfirst with a 54 percent splurge that reeks of “buying the dip” – but which dip, exactly?
Here’s where it gets interesting: word on the street is Apple’s noses are pressed against their window – due‑diligence red flags everywhere, assumptions of seamlessly being greenlit. So some funds are hitching their wagons early, convinced those supplier audits will be a walk in the park.
They’re wrong. These aren’t drone‑guided capital plays – they’re blind bets on a company tangled in diesel scandal, DEI hypocrisy, and legal vendettas. When Apple’s compliance gatekeepers fire up their checklists, they won’t care how high you’re leveraged or how early you jumped in.
The lesson?
If you’re buying into Cummins because you think a shiny Apple logo will smooth over every splinter of bad press, you’ll find yourself holding the wreckage when the audits land. Some call it confidence. Others call it desperation.
And when the smoke clears, all that’ll be left is the echo of sold‑off positions – and the quiet question in every boardroom: Who really knows what they’re getting into?
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Lee Thompson
Founder, The Cummins Accountability Project
Source: Marketbeat