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Canadian Imperial Bank of Commerce
CM

390 hedge funds and large institutions have $15.8B invested in Canadian Imperial Bank of Commerce in 2018 Q4 according to their latest regulatory filings, with 54 funds opening new positions, 118 increasing their positions, 156 reducing their positions, and 51 closing their positions.

New
Increased
Maintained
Reduced
Closed

6% more first-time investments, than exits

New positions opened: 54 | Existing positions closed: 51

0.19% more ownership

Funds ownership: 94.93% → 95.12% (+0.19%)

0% less funds holding

Funds holding: 391 → 390 (-1)

8% less funds holding in top 10

Funds holding in top 10: 25 → 23 (-2)

21% less capital invested

Capital invested by funds: $20B → $15.8B (-$4.24B)

24% less repeat investments, than reductions

Existing positions increased: 118 | Existing positions reduced: 156

29% less call options, than puts

Call options by funds: $280M | Put options by funds: $394M

Holders
390
Holders Change
-1
Holders Change %
-0.26%
% of All Funds
8.69%
Holding in Top 10
23
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-8%
% of All Funds
0.51%
New
54
Increased
118
Reduced
156
Closed
51
Calls
$280M
Puts
$394M
Net Calls
-$115M
Net Calls Change
+$123M

Top Buyers

1
CCM
Causeway Capital Management
California
+$137M
2
APG Asset Management
APG Asset Management
Netherlands
+$74.4M
3
BCIM
British Columbia Investment Management
British Columbia, Canada
+$59.1M
4
Bank of Nova Scotia
Bank of Nova Scotia
Ontario, Canada
+$51.6M
5
Vanguard Group
Vanguard Group
Pennsylvania
+$44.3M

Top Sellers

1
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$103M
2
OAC
OMERS Administration Corp
Ontario, Canada
-$81.7M
3
Two Sigma Investments
Two Sigma Investments
New York
-$80.9M
4
1832 Asset Management
1832 Asset Management
Ontario, Canada
-$59.7M
5
TD Asset Management
TD Asset Management
Ontario, Canada
-$31.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
State of Wisconsin Investment Board
51
State of Wisconsin Investment Board
Wisconsin
$42.4M +$6.84M +160,688 +16%
Arrowstreet Capital
52
Arrowstreet Capital
Massachusetts
$42M -$103M -2,424,100 -68%
UH
53
Unigestion Holding
Switzerland
$40M +$9.45M +222,200 +26%
Northern Trust
54
Northern Trust
Illinois
$38.6M -$269K -6,322 -0.6%
Axa
55
Axa
France
$36.9M +$706K +16,600 +2%
LM
56
Lincluden Management
Ontario, Canada
$35.2M -$675K -15,860 -2%
AG
57
Aperio Group
California
$35.1M +$603K +14,178 +2%
AT
58
AMF Tjänstepension
Sweden
$34.7M +$5.1M +119,978 +15%
NEI
59
Northwest & Ethical Investments
Ontario, Canada
$33.7M +$9.61M +225,792 +33%
Goldman Sachs
60
Goldman Sachs
New York
$32.3M -$10.4M -244,328 -22%
Public Sector Pension Investment Board (PSP Investments)
61
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$32.2M +$2.11M +49,500 +6%
UBS Group
62
UBS Group
Switzerland
$31.1M -$7.31M -171,812 -17%
Wellington Management Group
63
Wellington Management Group
Massachusetts
$27.7M -$6.33M -148,900 -17%
GCM
64
Galibier Capital Management
Ontario, Canada
$27.2M +$31.1M +731,458 New
VRS
65
Virginia Retirement Systems
Virginia
$26.9M -$791K -18,600 -3%
CA
66
Commerzbank Aktiengesellschaft
Germany
$26.6M -$3.61M -84,936 -11%
First Trust Advisors
67
First Trust Advisors
Illinois
$26.3M +$5.19M +122,070 +21%
Aviva
68
Aviva
United Kingdom
$26.2M +$11.7M +274,456 +64%
State of Tennessee, Department of Treasury
69
State of Tennessee, Department of Treasury
Tennessee
$26.1M +$162K +3,816 +0.5%
Canada Pension Plan Investment Board
70
Canada Pension Plan Investment Board
Ontario, Canada
$25.7M +$10.2M +239,952 +53%
Two Sigma Advisers
71
Two Sigma Advisers
New York
$25.3M -$8.46M -198,844 -23%
Fidelity International
72
Fidelity International
Bermuda
$24.8M -$672K -15,800 -2%
VLKIM
73
Van Lanschot Kempen Investment Management
Netherlands
$24.7M +$1.79M +42,180 +10%
GCAC
74
Guardian Capital Advisors (Canada)
Ontario, Canada
$24.3M +$27.6K +648 +0.1%
NIPH
75
NN Investment Partners Holdings
Netherlands
$24.1M -$993K -23,344 -3%
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CM Hedge Fund Activity: Q4 2018 in Review

390 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Canadian Imperial Bank of Commerce (CM) for Q4 2018, worth a combined $15.8B — down 21% from $20B a quarter earlier.

Buyers outnumbered sellers: 54 funds opened new CM positions and 51 closed out — a net gain of 3 holders — while 118 added to existing stakes and 156 trimmed.

The largest buyer was Causeway Capital Management, adding an estimated $137M. The largest seller was Arrowstreet Capital, cutting an estimated $103M.

  • 390 institutional investors held Canadian Imperial Bank of Commerce (CM) as of Q4 2018, down from 391 in Q3 2018.
  • Funds reported $15.8B of Canadian Imperial Bank of Commerce stock for Q4 2018, down 21% quarter-over-quarter.
  • 54 funds opened new Canadian Imperial Bank of Commerce positions in Q4 2018 and 51 closed out, a net change of +3 holders.
  • The largest Canadian Imperial Bank of Commerce buyer in Q4 2018 was Causeway Capital Management, an estimated $137M added.
  • The largest Canadian Imperial Bank of Commerce seller in Q4 2018 was Arrowstreet Capital, an estimated $103M sold.

Based on aggregated 13F filings for Q4 2018.