SCHEDULE: Vanguard Group Adjusts Cummins Inc. Ownership Reporting

The Vanguard Group has updated its Schedule 13G filing for Cummins Inc., reporting 0% beneficial ownership following an internal realignment.

Summary

• The Vanguard Group filed an Amendment No. 11 to Schedule 13G for Cummins Inc. Common Stock.
• The filing indicates that The Vanguard Group now beneficially owns 0.00 shares, representing 0% of the class of securities.
• This change is due to an internal realignment within The Vanguard Group, Inc. on January 12, 2026.
• Following the realignment, certain subsidiaries or business divisions of The Vanguard Group, Inc. will report beneficial ownership separately (on a disaggregated basis).
• The Vanguard Group, Inc. no longer has, or is deemed to have, beneficial ownership over securities beneficially owned by these subsidiaries and/or business divisions.
• These subsidiaries and/or business divisions will continue to pursue the same investment strategies as previously pursued by The Vanguard Group, Inc.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral. It is an administrative update regarding The Vanguard Group's internal reporting structure and does not reflect a change in investment thesis or performance for Cummins Inc.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding Cummins Inc.'s future performance or The Vanguard Group's investment strategy beyond the administrative reporting change.

Management Comments

• "On January 12, 2026, The Vanguard Group, Inc. went through an internal realignment. In accordance with SEC Release No. 34-39538 (January 12, 1998), certain subsidiaries or business divisions of subsidiaries of The Vanguard Group, Inc., that formerly had, or were deemed to have, beneficial ownership with The Vanguard Group, Inc., will report beneficial ownership separately (on a disaggregated basis) from The Vanguard Group, Inc. in reliance on such release."
• "These subsidiaries and/or business divisions pursue the same investment strategies as previously pursued by The Vanguard Group, Inc. prior to the realignment."
• "Further in accordance with SEC Release No. 34-39538 (January 12, 1998), The Vanguard Group, Inc. no longer has, or is deemed to have, beneficial ownership over securities beneficially owned by such subsidiaries and/or business divisions."

Industry Context

StockSavvy.ai notes that this filing primarily reflects an internal administrative and reporting change within The Vanguard Group, a major institutional investor. It does not indicate a change in investment strategy or a divestment from Cummins Inc. by Vanguard's underlying funds, but rather a shift in how beneficial ownership is aggregated and reported at the parent company level. This type of realignment is specific to the reporting entity and does not directly reflect on broader industry trends or Cummins Inc.'s competitive position.

Stakeholder Impact

• Shareholders of Cummins Inc. will see a change in how The Vanguard Group's beneficial ownership is reported, with the parent entity now showing 0% due to disaggregated reporting by its subsidiaries. This does not imply a change in the total holdings by Vanguard-managed funds.

Key Dates

Keywords

Schedule 13G, Vanguard Group, Cummins Inc., Beneficial Ownership, SEC Filing, Institutional Investor, Internal Realignment, Disaggregated Reporting