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Canadian Imperial Bank of Commerce
CM

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.

New
Increased
Maintained
Reduced
Closed

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

Holders
391
Holders Change
+13
Holders Change %
+3.44%
% of All Funds
8.94%
Holding in Top 10
25
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+8.7%
% of All Funds
0.57%
New
42
Increased
147
Reduced
125
Closed
27
Calls
$330M
Puts
$568M
Net Calls
-$238M
Net Calls Change
-$85M

Top Buyers

1
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$163M
2
Nordea Investment Management
Nordea Investment Management
Sweden
+$150M
3
Bank of Montreal
Bank of Montreal
Ontario, Canada
+$105M
4
Mackenzie Financial
Mackenzie Financial
Ontario, Canada
+$73.6M
5
APG Asset Management
APG Asset Management
Netherlands
+$50.2M

Top Sellers

1
CCM
Causeway Capital Management
California
-$322M
2
UBS AM
UBS AM
Illinois
-$191M
3
TD Asset Management
TD Asset Management
Ontario, Canada
-$91.8M
4
1832 Asset Management
1832 Asset Management
Ontario, Canada
-$79M
5
OAC
OMERS Administration Corp
Ontario, Canada
-$69.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
Legal & General Group
26
Legal & General Group
United Kingdom
$159M -$10.2M -221,906 -6%
SC
27
Scotia Capital
Ontario, Canada
$138M -$1.9M -41,276 -1%
IIM
28
Intact Investment Management
Quebec, Canada
$128M -$5.39M -117,400 -5%
Bank of America
29
Bank of America
North Carolina
$128M -$3.15M -68,666 -2%
Sumitomo Mitsui Trust Group
30
Sumitomo Mitsui Trust Group
Japan
$126M -$1.77M -38,534 -1%
CCM
31
Causeway Capital Management
California
$117M -$322M -7,001,272 -74%
LBA
32
Letko, Brosseau & Associates
Quebec, Canada
$116M +$26.3M +572,250 +30%
SRAIM
33
Scheer Rowlett & Associates Investment Management
Ontario, Canada
$114M -$8.43M -183,610 -7%
GCC
34
Guardian Capital (Canada)
Ontario, Canada
$113M -$4.34M -94,414 -4%
Allianz Asset Management
35
Allianz Asset Management
Germany
$109M -$23.2M -504,302 -18%
Russell Investments Group
36
Russell Investments Group
United Kingdom
$107M +$903K +19,658 +0.9%
Invesco
37
Invesco
Georgia
$101M -$2.47M -53,668 -2%
AIMCA
38
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$96.4M +$9.32M +202,800 +15%
JP Morgan Chase
39
JP Morgan Chase
New York
$94.9M +$42.5M +925,826 +84%
Renaissance Technologies
40
Renaissance Technologies
New York
$93.2M +$2.8M +61,000 +3%
Morgan Stanley
41
Morgan Stanley
New York
$89.4M +$36.9M +804,144 +73%
Schroder Investment Management Group
42
Schroder Investment Management Group
United Kingdom
$83.4M +$11.9M +258,986 +23%
Two Sigma Investments
43
Two Sigma Investments
New York
$80.9M +$9.32M +202,800 +13%
Bank of New York Mellon
44
Bank of New York Mellon
New York
$76.6M +$14.3M +311,856 +24%
CS
45
Credit Suisse
Switzerland
$74.5M -$3.98M -86,556 -5%
BGC
46
Beutel, Goodman & Co
Ontario, Canada
$73M -$6.72M -146,296 -9%
FDCDDQ
47
Federation des caisses Desjardins du Quebec
Quebec, Canada
$71.7M -$3.11M -67,740 -4%
Wells Fargo
48
Wells Fargo
California
$70.9M +$3.4M +74,056 +5%
RJA
49
Raymond James & Associates
Florida
$69.3M +$4.37M +95,160 +7%
Dimensional Fund Advisors
50
Dimensional Fund Advisors
Texas
$66.5M +$266K +5,796 +0.4%
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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.