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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
Federated Hermes
101
Federated Hermes
Pennsylvania
$3.35M -$992K -27,062 -21%
USAA
102
United Services Automobile Association
Texas
$3.29M – – –
CS
103
Credential Securities
$3.17M +$432K +11,770 +14%
AC
104
AFAM Capital
Texas
$3.07M -$948K -25,844 -22%
PP
105
Paloma Partners
Connecticut
$3.01M +$3.01M +81,982 +872%
LSV Asset Management
106
LSV Asset Management
Illinois
$2.96M – – –
GC
107
Guggenheim Capital
Illinois
$2.84M +$2.19M +59,774 +225%
BCIM
108
British Columbia Investment Management
British Columbia, Canada
$2.83M +$47.2K +1,288 +1%
Handelsbanken Fonder
109
Handelsbanken Fonder
Sweden
$2.81M +$3.14M +85,580 New
H
110
Hexavest
Quebec, Canada
$2.71M -$1.3M -35,350 -30%
HAM
111
Highstreet Asset Management
Ontario, Canada
$2.69M -$602K -16,410 -17%
EAM
112
Eagle Asset Management
Florida
$2.54M – – –
SCM
113
Stevens Capital Management
Pennsylvania
$2.51M +$2.79M +76,166 New
TH
114
Timber Hill
Connecticut
$2.45M +$855K +23,328 +46%
JFL
115
Jarislowsky, Fraser Ltd
Quebec, Canada
$2.44M +$505K +13,762 +23%
DWM
116
Dorchester Wealth Management
Quebec, Canada
$2.26M -$286K -7,798 -10%
CBOA
117
Commonwealth Bank of Australia
Australia
$2.26M +$1.38M +37,580 +121%
CPS
118
Counsel Portfolio Services
Ontario, Canada
$2.22M +$447K +12,200 +22%
PPA
119
Parametric Portfolio Associates
Washington
$2.17M -$203K -5,548 -8%
NIM
120
Nexus Investment Management
Ontario, Canada
$2.1M +$9.46K +258 +0.4%
PIC
121
Portland Investment Counsel
Ontario, Canada
$2.02M +$1.32M +36,000 +142%
HIM
122
Hillsdale Investment Management
Ontario, Canada
$1.96M -$1.88M -51,360 -46%
DL
123
Delta Lloyd
Netherlands
$1.93M +$154K +4,194 +8%
HCM
124
Highbridge Capital Management
New York
$1.89M +$2.1M +57,400 New
OC
125
Oppenheimer & Co
New York
$1.79M – – –
3 4
5
6 7

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.