Canadian Imperial Bank of Commerce
391 hedge funds and large institutions have $20B invested in Canadian Imperial Bank of Commerce in 2018 Q3 according to their latest regulatory filings, with 42 funds opening new positions, 147 increasing their positions, 125 reducing their positions, and 27 closing their positions.
56% more first-time investments, than exits
New positions opened: 42 | Existing positions closed: 27
18% more repeat investments, than reductions
Existing positions increased: 147 | Existing positions reduced: 125
10% more capital invested
Capital invested by funds: $18.2B → $20B (+$1.74B)
9% more funds holding in top 10
Funds holding in top 10: 23 → 25 (+2)
3% more funds holding
Funds holding: 378 → 391 (+13)
0.17% more ownership
Funds ownership: 94.75% → 94.93% (+0.17%)
42% less call options, than puts
Call options by funds: $330M | Put options by funds: $568M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$163M |
| 2 |
Nordea Investment Management
Stockholm,
Sweden
|
+$150M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$105M |
| 4 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
+$73.6M |
| 5 |
APG Asset Management
Amsterdam,
Netherlands
|
+$50.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Causeway Capital Management
Los Angeles,
California
|
-$322M |
| 2 |
UBS AM
Chicago,
Illinois
|
-$191M |
| 3 |
TD Asset Management
Toronto,
Ontario, Canada
|
-$91.8M |
| 4 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$79M |
| 5 |
OAC
OMERS Administration Corp
Toronto,
Ontario, Canada
|
-$69.5M |
CM Hedge Fund Activity: Q3 2018 in Review
391 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Canadian Imperial Bank of Commerce (CM) for Q3 2018, worth a combined $20B — up 9.6% from $18.2B a quarter earlier.
Buyers outnumbered sellers: 42 funds opened new CM positions and 27 closed out — a net gain of 15 holders — while 147 added to existing stakes and 125 trimmed.
The largest buyer was Arrowstreet Capital, opening a new position worth an estimated $163M. The largest seller was Causeway Capital Management, cutting an estimated $322M.
- 391 institutional investors held Canadian Imperial Bank of Commerce (CM) as of Q3 2018, up from 378 in Q2 2018.
- Funds reported $20B of Canadian Imperial Bank of Commerce stock for Q3 2018, up 9.6% quarter-over-quarter.
- 42 funds opened new Canadian Imperial Bank of Commerce positions in Q3 2018 and 27 closed out, a net change of +15 holders.
- The largest Canadian Imperial Bank of Commerce buyer in Q3 2018 was Arrowstreet Capital, an estimated $163M added.
- The largest Canadian Imperial Bank of Commerce seller in Q3 2018 was Causeway Capital Management, an estimated $322M sold.
Based on aggregated 13F filings for Q3 2018.