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flag New York State's retirement fund cut holdings in CAE and Cummins, despite both companies' strong performance.

flag New York State's retirement fund reduced its holdings in aerospace company CAE Inc. by 15.6% and in engine manufacturer Cummins Inc. by 5.2%. flag Despite these sales, institutional investors still own significant portions of both companies. flag CAE reported earnings above analyst expectations, while Cummins surpassed expectations with $5.16 EPS and $8.45 billion in revenue, also announcing a $1.82 quarterly dividend.

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