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The London Company Income Equity's investment thesis on Cummins ($CMI) — Q4 2025 | Buyside Digest

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$CMINYSECummins

BULL

The London Company Income Equity—CMI

Fund Letter

Q4 2025

Published December 31, 2025

View Fund Profile

$641.54USD

+14.4% vs last month

$522.03Pitched

+22.9% since pitch

Market Cap$88.3B

P/E (TTM)N/A

52-Wk RangeN/A

Div. YieldN/A

Technical Chart

From the Fund Letter

During Q4 2025, The London Company Income Equity portfolio declined by 1.4% (-1.6% net), underperforming the Russell 1000 Value Index, which gained 3.8%. The underperformance was...

— Brian Campbell

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