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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
Fifth Third Bancorp
201
Fifth Third Bancorp
Ohio
$39K -$75.1K -1,864 -67%
GT
202
Glenmede Trust
Pennsylvania
$37K – – –
FHA
203
First Horizon Advisors
Tennessee
$35K +$11.4K +282 +51%
JIC
204
Joel Isaacson & Co
New York
$33K +$15.5K +384 +99%
KTC
205
Kistler-Tiffany Companies
Pennsylvania
$30K – – –
CTC
206
Central Trust Company
Missouri
$21K – – –
FAM
207
Fred Alger Management
New York
$20K +$3.47K +86 +22%
Ameriprise
208
Ameriprise
Minnesota
$16K -$29.5K -731 -66%
LIA
209
LS Investment Advisors
Michigan
$16K – – –
EFSCE
210
Enterprise Financial Services Corp (EFSC)
Missouri
$16K +$9.63K +239 +163%
PTC
211
Private Trust Company
Ohio
$11K +$10.4K +257 New
M&T Bank
212
M&T Bank
New York
$9K – – –
PAS
213
Partnervest Advisory Services
California
$6K +$5.28K +131 New
Envestnet Asset Management
214
Envestnet Asset Management
Illinois
$5K -$6.37K -158 -57%
NES
215
New England Securities
New York
$5K -$4.11K -102 -49%
PFPT
216
Pinnacle Financial Partners (Tennessee)
Tennessee
$5K +$4.84K +120 New
CCS
217
Crosspoint Capital Strategies
California
$2K – – –
STC
218
SEI Trust Company
Pennsylvania
$2K +$1.73K +43 New
Northwestern Mutual Wealth Management
219
Northwestern Mutual Wealth Management
Wisconsin
$1K -$1.25K -31 -72%
Vanguard Group
220
Vanguard Group
Pennsylvania
– -$22.1M -498,432 Closed
MAM
221
Martingale Asset Management
Massachusetts
– -$3.21M -76,622 Closed
PP
222
Paloma Partners
Connecticut
– -$2.91M -69,579 Closed
Two Sigma Investments
223
Two Sigma Investments
New York
– -$2.85M -68,028 Closed
Arrowstreet Capital
224
Arrowstreet Capital
Massachusetts
– -$2.35M -56,156 Closed
MIU
225
Man Investments (UK)
United Kingdom
– -$1.64M -39,183 Closed
6 7 8
9
10

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.