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Harbor Trims Cummins Stake Over Stretched Valuation as AI Hardware Rallies

Yahoo Finance Read original source (opens in a new tab)
The Story

News Summary

  • Harbor Mid Cap Value Fund trimmed its position in Cummins Inc.
  • during Q2 2026 due to valuation deterioration relative to earnings.
  • The letter highlighted strong broader market performance, with the S&P 500 gaining 15.2% on AI hardware spending, while hedge fund holdings in Cummins declined.
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US500 price history

7589.24 +11.40% over the displayed period

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