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Canadian Imperial Bank of Commerce
CM

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.

New
Increased
Maintained
Reduced
Closed

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)

Holders
218
Holders Change
+6
Holders Change %
+2.83%
% of All Funds
6.3%
Holding in Top 10
18
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-14.29%
% of All Funds
0.52%
New
29
Increased
89
Reduced
71
Closed
20
Calls
$160M
Puts
$177M
Net Calls
-$17.5M
Net Calls Change
+$118M

Top Buyers

1
Acadian Asset Management
Acadian Asset Management
Massachusetts
+$111M
2
1832 Asset Management
1832 Asset Management
Ontario, Canada
+$89.6M
3
RFC
Russell Frank Company
Washington
+$67.9M
4
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
+$60.1M
5
IG
ING Group
Netherlands
+$45M

Top Sellers

1
Canada Life
Canada Life
Manitoba, Canada
-$68.2M
2
IGIM
I.G. Investment Management
Manitoba, Canada
-$57.7M
3
SRAIM
Scheer Rowlett & Associates Investment Management
Ontario, Canada
-$52.1M
4
IIM
Intact Investment Management
Quebec, Canada
-$40M
5
PIC
PCJ Investment Counsel
Ontario, Canada
-$35.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
UBS AM
26
UBS AM
Illinois
$96.8M -$985K -24,435 -1%
Sumitomo Mitsui Trust Group
27
Sumitomo Mitsui Trust Group
Japan
$92.5M +$3.4M +84,437 +4%
CIBC World Market
28
CIBC World Market
Ontario, Canada
$70.7M +$5.45M +135,290 +9%
APG Asset Management
29
APG Asset Management
Netherlands
$61.8M +$658K +16,316 +1%
Bank of America
30
Bank of America
North Carolina
$58M +$7.03M +174,528 +15%
CS
31
Credit Suisse
Switzerland
$57.7M -$2.96M -73,489 -5%
Goldman Sachs
32
Goldman Sachs
New York
$56.8M +$10.3M +256,617 +24%
State of Wisconsin Investment Board
33
State of Wisconsin Investment Board
Wisconsin
$51.1M +$2.97M +73,699 +6%
IG
34
ING Group
Netherlands
$47.1M +$45M +1,115,395 New
PIC
35
PCJ Investment Counsel
Ontario, Canada
$46.9M -$35.3M -875,609 -47%
CP
36
Cumberland Partners
Ontario, Canada
$46.8M -$2M -49,690 -4%
Public Sector Pension Investment Board (PSP Investments)
37
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$44.9M +$197K +4,899 +0.5%
Citigroup
38
Citigroup
New York
$44.8M +$3.75M +92,961 +10%
AI
39
Analytic Investors
California
$43M +$3.46M +85,948 +9%
JP Morgan Chase
40
JP Morgan Chase
New York
$39.2M +$6.28M +155,870 +20%
Bank of New York Mellon
41
Bank of New York Mellon
New York
$38.8M -$21.3M -529,577 -37%
Morgan Stanley
42
Morgan Stanley
New York
$37.7M +$9.73M +241,547 +37%
AC
43
Addenda Capital
Quebec, Canada
$36.6M -$11.3M -279,872 -25%
Credit Agricole
44
Credit Agricole
France
$36.4M -$5.85M -145,279 -14%
IIM
45
Intact Investment Management
Quebec, Canada
$35M -$40M -992,181 -57%
NEI
46
Northwest & Ethical Investments
Ontario, Canada
$33.9M -$197K -4,900 -0.6%
Wellington Management Group
47
Wellington Management Group
Massachusetts
$31.4M +$5.61M +139,111 +23%
Invesco
48
Invesco
Georgia
$30.1M -$8.4M -208,411 -23%
BKBG
49
BHF Kleinwort Benson Group
Belgium
$29.6M +$16.5M +409,338 +114%
VRS
50
Virginia Retirement Systems
Virginia
$27M +$4.02M +99,831 +19%
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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.