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Canadian Imperial Bank of Commerce
CM

238 hedge funds and large institutions have $14B invested in Canadian Imperial Bank of Commerce in 2015 Q4 according to their latest regulatory filings, with 23 funds opening new positions, 93 increasing their positions, 94 reducing their positions, and 27 closing their positions.

New
Increased
Maintained
Reduced
Closed

7% more call options, than puts

Call options by funds: $178M | Put options by funds: $167M

1% less repeat investments, than reductions

Existing positions increased: 93 | Existing positions reduced: 94

2% less funds holding

Funds holding: 243 → 238 (-5)

2.66% less ownership

Funds ownership: 110.1% → 107.44% (-2.7%)

8% less funds holding in top 10

Funds holding in top 10: 26 → 24 (-2)

10% less capital invested

Capital invested by funds: $15.6B → $14B (-$1.55B)

15% less first-time investments, than exits

New positions opened: 23 | Existing positions closed: 27

Holders
238
Holders Change
-5
Holders Change %
-2.06%
% of All Funds
6.24%
Holding in Top 10
24
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-7.69%
% of All Funds
0.63%
New
23
Increased
93
Reduced
94
Closed
27
Calls
$178M
Puts
$167M
Net Calls
+$11.1M
Net Calls Change
+$42.1M

Top Buyers

1
TCIM
TIAA CREF Investment Management
New York
+$56.3M
2
OAC
OMERS Administration Corp
Ontario, Canada
+$36.5M
3
Toronto Dominion Bank
Toronto Dominion Bank
Ontario, Canada
+$33.1M
4
Vanguard Group
Vanguard Group
Pennsylvania
+$31.7M
5
Two Sigma Investments
Two Sigma Investments
New York
+$22.2M

Top Sellers

1
Bank of Nova Scotia
Bank of Nova Scotia
Ontario, Canada
-$117M
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$84.1M
3
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
-$70.4M
4
Bank of Montreal
Bank of Montreal
Ontario, Canada
-$57.2M
5
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$48.2M
Name Holding Trade Value Shares
Change 		Change in
Stake
AQR Capital Management
26
AQR Capital Management
Connecticut
$85.4M -$8.84M -241,032 -8%
SC
27
Scotia Capital
Ontario, Canada
$74.1M +$3.01M +82,088 +4%
Fiera Capital (Canada)
28
Fiera Capital (Canada)
Quebec, Canada
$72.1M -$48.2M -1,313,776 -38%
Sumitomo Mitsui Trust Group
29
Sumitomo Mitsui Trust Group
Japan
$71M -$1.16M -31,584 -1%
CS
30
Credit Suisse
Switzerland
$70.3M +$5.49M +149,768 +8%
IIM
31
Intact Investment Management
Quebec, Canada
$70.1M +$8.95M +244,000 +19%
UBS AM
32
UBS AM
Illinois
$68.6M -$7.91M -215,638 -9%
PIC
33
PCJ Investment Counsel
Ontario, Canada
$68.1M +$1.69M +46,200 +2%
NEI
34
Northwest & Ethical Investments
Ontario, Canada
$54.5M +$13.8M +375,734 +29%
APG Asset Management
35
APG Asset Management
Netherlands
$50.7M -$6.56M -178,980 -10%
TCIM
36
TIAA CREF Investment Management
New York
$50.4M +$56.3M +1,534,358 New
Wellington Management Group
37
Wellington Management Group
Massachusetts
$50M -$3.46M -94,390 -6%
Fidelity Investments
38
Fidelity Investments
Massachusetts
$46.7M +$425K +11,600 +0.8%
CCMIC
39
Cardinal Capital Management Inc (Canada)
Manitoba, Canada
$45.6M +$149K +4,054 +0.3%
CAM
40
Cidel Asset Management
Ontario, Canada
$45.4M +$3.58M +97,728 +8%
Citigroup
41
Citigroup
New York
$44.9M -$260K -7,102 -0.5%
JP Morgan Chase
42
JP Morgan Chase
New York
$44.1M +$2.97M +80,998 +6%
Bank of New York Mellon
43
Bank of New York Mellon
New York
$41.6M +$2.65M +72,260 +6%
Two Sigma Investments
44
Two Sigma Investments
New York
$40.3M +$22.2M +604,626 +98%
BKBG
45
BHF Kleinwort Benson Group
Belgium
$36.8M -$1.96M -53,476 -6%
Grantham, Mayo, Van Otterloo & Co (GMO)
46
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
$34.7M -$80.7K -2,200 -0.2%
UBS Group
47
UBS Group
Switzerland
$34.2M +$2.58M +70,260 +7%
Invesco
48
Invesco
Georgia
$33.9M -$1.94M -52,968 -5%
AII
49
AGF Investments Inc
Ontario, Canada
$33.7M -$13.5M -369,098 -27%
State of Tennessee, Department of Treasury
50
State of Tennessee, Department of Treasury
Tennessee
$33M – – –
1
2
3 4 5

CM Hedge Fund Activity: Q4 2015 in Review

238 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Canadian Imperial Bank of Commerce (CM) for Q4 2015, worth a combined $14B — down 10% from $15.6B a quarter earlier.

Sellers outnumbered buyers: 27 funds closed out of CM and 23 opened new positions — a net loss of 4 holders — while 94 trimmed existing stakes and 93 added.

The largest buyer was TIAA CREF Investment Management, opening a new position worth an estimated $56.3M. The largest seller was Bank of Nova Scotia, cutting an estimated $117M.

  • 238 institutional investors held Canadian Imperial Bank of Commerce (CM) as of Q4 2015, down from 243 in Q3 2015.
  • Funds reported $14B of Canadian Imperial Bank of Commerce stock for Q4 2015, down 10% quarter-over-quarter.
  • 23 funds opened new Canadian Imperial Bank of Commerce positions in Q4 2015 and 27 closed out, a net change of -4 holders.
  • The largest Canadian Imperial Bank of Commerce buyer in Q4 2015 was TIAA CREF Investment Management, an estimated $56.3M added.
  • The largest Canadian Imperial Bank of Commerce seller in Q4 2015 was Bank of Nova Scotia, an estimated $117M sold.

Based on aggregated 13F filings for Q4 2015.