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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
H
76
Hexavest
Quebec, Canada
$8.7M +$5.17M +128,260 +166%
MME
77
Meag Munich Ergo
Germany
$8.54M +$905K +22,457 +13%
Barclays
78
Barclays
United Kingdom
$8.17M +$2.35M +58,243 +43%
HIM
79
Hillsdale Investment Management
Ontario, Canada
$7.69M -$276K -6,839 -4%
RG
80
Rathbones Group
United Kingdom
$7.15M -$206K -5,104 -3%
AIM
81
Acuity Investment Management
Ontario, Canada
$7.07M -$2.52M -62,471 -27%
BTS
82
BB&T Securities
Virginia
$6.48M +$129K +3,209 +26%
Wells Fargo
83
Wells Fargo
California
$6.27M +$2.27M +56,344 +61%
AllianceBernstein
84
AllianceBernstein
Tennessee
$6.13M -$981K -24,345 -14%
HAM
85
Highstreet Asset Management
Ontario, Canada
$5.72M +$18K +447 +0.3%
Schroder Investment Management Group
86
Schroder Investment Management Group
United Kingdom
$5.55M +$3.87M +96,121 +274%
First Trust Advisors
87
First Trust Advisors
Illinois
$5.46M +$694K +17,216 +15%
AC
88
AFAM Capital
Texas
$4.97M +$101K +2,509 +2%
Korea Investment Corp
89
Korea Investment Corp
South Korea
$4.94M +$4.71M +116,775 New
HNB
90
Huntington National Bank
Ohio
$4.46M +$4.25M +105,547 New
USAA
91
United Services Automobile Association
Texas
$4.31M – – –
D.E. Shaw & Co
92
D.E. Shaw & Co
New York
$4.18M -$699K -17,353 -15%
CPS
93
Counsel Portfolio Services
Ontario, Canada
$4.09M -$362K -8,983 -8%
MPM
94
Meritage Portfolio Management
Kansas
$3.81M +$113K +2,797 +3%
QBFM
95
QS Batterymarch Financial Management
New York
$3.58M +$3.18M +78,803 +1,372%
BNP Paribas Asset Management
96
BNP Paribas Asset Management
France
$3.41M +$367K +9,106 +13%
Zurich Cantonal Bank
97
Zurich Cantonal Bank
Switzerland
$3.41M -$430K -10,659 -9%
FAAM
98
First Allied Asset Management
California
$3.24M +$3.02M +74,924 New
HR
99
Howe & Rusling
New York
$3.21M +$390K +9,667 +15%
NAM
100
NorthCoast Asset Management
Connecticut
$3.05M -$5.52K -137 -0.2%
2 3
4
5 6

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.