Canadian Imperial Bank of Commerce
218 hedge funds and large institutions have $17.8B invested in Canadian Imperial Bank of Commerce in 2014 Q1 according to their latest regulatory filings, with 29 funds opening new positions, 89 increasing their positions, 71 reducing their positions, and 20 closing their positions.
45% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 20
25% more repeat investments, than reductions
Existing positions increased: 89 | Existing positions reduced: 71
3% more funds holding
Funds holding: 212 → 218 (+6)
1.23% more ownership
Funds ownership: 103.94% → 105.17% (+1.2%)
2% more capital invested
Capital invested by funds: $17.4B → $17.8B (+$392M)
10% less call options, than puts
Call options by funds: $160M | Put options by funds: $177M
14% less funds holding in top 10
Funds holding in top 10: 21 → 18 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Acadian Asset Management
Boston,
Massachusetts
|
+$111M |
| 2 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$89.6M |
| 3 |
RFC
Russell Frank Company
Seattle,
Washington
|
+$67.9M |
| 4 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$60.1M |
| 5 |
IG
ING Group
Amsterdam,
Netherlands
|
+$45M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Canada Life
Winnipeg,
Manitoba, Canada
|
-$68.2M |
| 2 |
IGIM
I.G. Investment Management
Winnipeg,
Manitoba, Canada
|
-$57.7M |
| 3 |
SRAIM
Scheer Rowlett & Associates Investment Management
Toronto,
Ontario, Canada
|
-$52.1M |
| 4 |
IIM
Intact Investment Management
Montreal,
Quebec, Canada
|
-$40M |
| 5 |
PIC
PCJ Investment Counsel
Toronto,
Ontario, Canada
|
-$35.3M |
CM Hedge Fund Activity: Q1 2014 in Review
218 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Canadian Imperial Bank of Commerce (CM) for Q1 2014, worth a combined $17.8B — up 2.3% from $17.4B a quarter earlier.
Buyers outnumbered sellers: 29 funds opened new CM positions and 20 closed out — a net gain of 9 holders — while 89 added to existing stakes and 71 trimmed.
The largest buyer was Acadian Asset Management, adding an estimated $111M. The largest seller was Canada Life, cutting an estimated $68.2M.
- 218 institutional investors held Canadian Imperial Bank of Commerce (CM) as of Q1 2014, up from 212 in Q4 2013.
- Funds reported $17.8B of Canadian Imperial Bank of Commerce stock for Q1 2014, up 2.3% quarter-over-quarter.
- 29 funds opened new Canadian Imperial Bank of Commerce positions in Q1 2014 and 20 closed out, a net change of +9 holders.
- The largest Canadian Imperial Bank of Commerce buyer in Q1 2014 was Acadian Asset Management, an estimated $111M added.
- The largest Canadian Imperial Bank of Commerce seller in Q1 2014 was Canada Life, an estimated $68.2M sold.
Based on aggregated 13F filings for Q1 2014.