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Canadian Imperial Bank of Commerce
CM

212 hedge funds and large institutions have $17.4B invested in Canadian Imperial Bank of Commerce in 2013 Q4 according to their latest regulatory filings, with 29 funds opening new positions, 80 increasing their positions, 76 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

71% more first-time investments, than exits

New positions opened: 29 | Existing positions closed: 17

8% more capital invested

Capital invested by funds: $16.1B → $17.4B (+$1.28B)

5% more funds holding

Funds holding: 201 → 212 (+11)

5% more repeat investments, than reductions

Existing positions increased: 80 | Existing positions reduced: 76

0.37% more ownership

Funds ownership: 103.58% → 103.94% (+0.37%)

5% less funds holding in top 10

Funds holding in top 10: 22 → 21 (-1)

50% less call options, than puts

Call options by funds: $133M | Put options by funds: $269M

Holders
212
Holders Change
+11
Holders Change %
+5.47%
% of All Funds
6.15%
Holding in Top 10
21
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-4.55%
% of All Funds
0.61%
New
29
Increased
80
Reduced
76
Closed
17
Calls
$133M
Puts
$269M
Net Calls
-$136M
Net Calls Change
-$19.2M

Top Buyers

1
Acadian Asset Management
Acadian Asset Management
Massachusetts
+$129M
2
BGC
Beutel, Goodman & Co
Ontario, Canada
+$91.4M
3
TD Asset Management
TD Asset Management
Ontario, Canada
+$80.8M
4
CS
Credit Suisse
Switzerland
+$59.2M
5
Franklin Resources
Franklin Resources
California
+$42.5M

Top Sellers

1
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$43.2M
2
OTPPB
Ontario Teachers' Pension Plan Board
Ontario, Canada
-$39.3M
3
GCC
Guardian Capital (Canada)
Ontario, Canada
-$35.8M
4
MTB
Mizuho Trust & Banking
Japan
-$30.8M
5
Canada Life
Canada Life
Manitoba, Canada
-$29.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
Sumitomo Mitsui Trust Group
26
Sumitomo Mitsui Trust Group
Japan
$87.6M -$6.89M -167,586 -7%
PIC
27
PCJ Investment Counsel
Ontario, Canada
$83.6M +$7.42M +180,552 +11%
IIM
28
Intact Investment Management
Quebec, Canada
$77.4M -$25.5M -620,827 -26%
1832 Asset Management
29
1832 Asset Management
Ontario, Canada
$66.7M +$39.4M +957,881 +150%
CIBC World Market
30
CIBC World Market
Ontario, Canada
$64.4M +$6.67M +162,164 +12%
Bank of New York Mellon
31
Bank of New York Mellon
New York
$60.6M -$514K -12,499 -0.9%
APG Asset Management
32
APG Asset Management
Netherlands
$60.5M -$511K -12,419 -0.9%
CS
33
Credit Suisse
Switzerland
$60.3M +$59.2M +1,440,681 New
OTPPB
34
Ontario Teachers' Pension Plan Board
Ontario, Canada
$54.9M -$39.3M -956,239 -42%
Bank of America
35
Bank of America
North Carolina
$50.2M -$2.31M -56,244 -4%
CP
36
Cumberland Partners
Ontario, Canada
$48.3M +$778K +18,912 +2%
AC
37
Addenda Capital
Quebec, Canada
$48.1M -$487K -11,841 -1%
State of Wisconsin Investment Board
38
State of Wisconsin Investment Board
Wisconsin
$47.4M -$823K -20,007 -2%
Goldman Sachs
39
Goldman Sachs
New York
$45.5M -$7.64M -185,719 -15%
Public Sector Pension Investment Board (PSP Investments)
40
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$44.2M -$15M -364,820 -26%
Credit Agricole
41
Credit Agricole
France
$42.2M -$6.59M -160,251 -14%
Citigroup
42
Citigroup
New York
$40.4M +$4.35M +105,810 +12%
AI
43
Analytic Investors
California
$38.9M +$9.69M +235,592 +34%
Invesco
44
Invesco
Georgia
$38.5M -$22M -536,290 -37%
HSBC Holdings
45
HSBC Holdings
United Kingdom
$36.7M -$2.08M -50,659 -5%
NEI
46
Northwest & Ethical Investments
Ontario, Canada
$33.7M +$2.41M +58,592 +8%
JP Morgan Chase
47
JP Morgan Chase
New York
$32.4M +$11.4M +277,978 +56%
Renaissance Technologies
48
Renaissance Technologies
New York
$27.9M +$11.5M +278,668 +72%
Morgan Stanley
49
Morgan Stanley
New York
$27.3M -$6.85M -166,554 -20%
Wellington Management Group
50
Wellington Management Group
Massachusetts
$25.2M -$42K -1,021 -0.2%
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CM Hedge Fund Activity: Q4 2013 in Review

212 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Canadian Imperial Bank of Commerce (CM) for Q4 2013, worth a combined $17.4B — up 7.9% from $16.1B a quarter earlier.

Buyers outnumbered sellers: 29 funds opened new CM positions and 17 closed out — a net gain of 12 holders — while 80 added to existing stakes and 76 trimmed.

The largest buyer was Acadian Asset Management, adding an estimated $129M. The largest seller was Royal Bank of Canada, cutting an estimated $43.2M.

  • 212 institutional investors held Canadian Imperial Bank of Commerce (CM) as of Q4 2013, up from 201 in Q3 2013.
  • Funds reported $17.4B of Canadian Imperial Bank of Commerce stock for Q4 2013, up 7.9% quarter-over-quarter.
  • 29 funds opened new Canadian Imperial Bank of Commerce positions in Q4 2013 and 17 closed out, a net change of +12 holders.
  • The largest Canadian Imperial Bank of Commerce buyer in Q4 2013 was Acadian Asset Management, an estimated $129M added.
  • The largest Canadian Imperial Bank of Commerce seller in Q4 2013 was Royal Bank of Canada, an estimated $43.2M sold.

Based on aggregated 13F filings for Q4 2013.