Canadian Imperial Bank of Commerce
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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCIM
TIAA CREF Investment Management
New York
|
+$56.3M |
| 2 |
OAC
OMERS Administration Corp
Toronto,
Ontario, Canada
|
+$36.5M |
| 3 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
+$33.1M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$31.7M |
| 5 |
Two Sigma Investments
New York
|
+$22.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
-$117M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$84.1M |
| 3 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$70.4M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$57.2M |
| 5 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$48.2M |
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.