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Canadian Imperial Bank of Commerce
CM

212 hedge funds and large institutions have $17.4B invested in Canadian Imperial Bank of Commerce in 2013 Q4 according to their latest regulatory filings, with 29 funds opening new positions, 80 increasing their positions, 76 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

71% more first-time investments, than exits

New positions opened: 29 | Existing positions closed: 17

8% more capital invested

Capital invested by funds: $16.1B → $17.4B (+$1.28B)

5% more funds holding

Funds holding: 201 → 212 (+11)

5% more repeat investments, than reductions

Existing positions increased: 80 | Existing positions reduced: 76

0.37% more ownership

Funds ownership: 103.58% → 103.94% (+0.37%)

5% less funds holding in top 10

Funds holding in top 10: 22 → 21 (-1)

50% less call options, than puts

Call options by funds: $133M | Put options by funds: $269M

Holders
212
Holders Change
+11
Holders Change %
+5.47%
% of All Funds
6.15%
Holding in Top 10
21
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-4.55%
% of All Funds
0.61%
New
29
Increased
80
Reduced
76
Closed
17
Calls
$133M
Puts
$269M
Net Calls
-$136M
Net Calls Change
-$19.2M

Top Buyers

1
Acadian Asset Management
Acadian Asset Management
Massachusetts
+$129M
2
BGC
Beutel, Goodman & Co
Ontario, Canada
+$91.4M
3
TD Asset Management
TD Asset Management
Ontario, Canada
+$80.8M
4
CS
Credit Suisse
Switzerland
+$59.2M
5
Franklin Resources
Franklin Resources
California
+$42.5M

Top Sellers

1
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$43.2M
2
OTPPB
Ontario Teachers' Pension Plan Board
Ontario, Canada
-$39.3M
3
GCC
Guardian Capital (Canada)
Ontario, Canada
-$35.8M
4
MTB
Mizuho Trust & Banking
Japan
-$30.8M
5
Canada Life
Canada Life
Manitoba, Canada
-$29.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
Royal Bank of Canada
1
Royal Bank of Canada
Ontario, Canada
$2.84B -$43.2M -1,050,270 -2%
TD Asset Management
2
TD Asset Management
Ontario, Canada
$2.15B +$80.8M +1,964,616 +4%
Bank of Nova Scotia
3
Bank of Nova Scotia
Ontario, Canada
$1.44B +$2.42M +58,796 +0.2%
Toronto Dominion Bank
4
Toronto Dominion Bank
Ontario, Canada
$1.42B +$14.9M +362,915 +1%
IGIM
5
I.G. Investment Management
Manitoba, Canada
$1.33B +$124K +3,023 +0%
Bank of Montreal
6
Bank of Montreal
Ontario, Canada
$1.32B +$6.53M +158,919 +0.5%
CIBC Asset Management
7
CIBC Asset Management
Ontario, Canada
$774M -$22.4M -545,904 -3%
BGC
8
Beutel, Goodman & Co
Ontario, Canada
$768M +$91.4M +2,222,219 +16%
Franklin Resources
9
Franklin Resources
California
$604M +$42.5M +1,033,750 +8%
Canada Life
10
Canada Life
Manitoba, Canada
$406M -$29.7M -721,961 -7%
SRAIM
11
Scheer Rowlett & Associates Investment Management
Ontario, Canada
$349M -$13.1M -319,239 -4%
Norges Bank
12
Norges Bank
Norway
$309M – – –
Mackenzie Financial
13
Mackenzie Financial
Ontario, Canada
$242M +$9.72M +236,466 +4%
Acadian Asset Management
14
Acadian Asset Management
Massachusetts
$221M +$129M +3,144,992 +147%
Connor, Clark & Lunn Investment Management (CC&L)
15
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$196M +$8.72M +212,114 +5%
AIMCA
16
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$153M -$10.1M -245,799 -7%
Legal & General Group
17
Legal & General Group
United Kingdom
$146M -$325K -7,908 -0.2%
Fiera Capital (Canada)
18
Fiera Capital (Canada)
Quebec, Canada
$143M -$9.87M -239,993 -7%
Fidelity Investments
19
Fidelity Investments
Massachusetts
$134M -$604K -14,699 -0.5%
AII
20
AGF Investments Inc
Ontario, Canada
$129M -$25.6M -622,583 -17%
Deutsche Bank
21
Deutsche Bank
Germany
$122M -$4.94M -120,190 -4%
GCC
22
Guardian Capital (Canada)
Ontario, Canada
$119M -$35.8M -870,604 -23%
SC
23
Scotia Capital
Ontario, Canada
$99.4M +$76.5K +1,860 +0.1%
UBS AM
24
UBS AM
Illinois
$96.8M +$2.36M +57,345 +3%
RFC
25
Russell Frank Company
Washington
$87.7M -$4.8M -116,840 -5%
1
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CM Hedge Fund Activity: Q4 2013 in Review

212 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Canadian Imperial Bank of Commerce (CM) for Q4 2013, worth a combined $17.4B — up 7.9% from $16.1B a quarter earlier.

Buyers outnumbered sellers: 29 funds opened new CM positions and 17 closed out — a net gain of 12 holders — while 80 added to existing stakes and 76 trimmed.

The largest buyer was Acadian Asset Management, adding an estimated $129M. The largest seller was Royal Bank of Canada, cutting an estimated $43.2M.

  • 212 institutional investors held Canadian Imperial Bank of Commerce (CM) as of Q4 2013, up from 201 in Q3 2013.
  • Funds reported $17.4B of Canadian Imperial Bank of Commerce stock for Q4 2013, up 7.9% quarter-over-quarter.
  • 29 funds opened new Canadian Imperial Bank of Commerce positions in Q4 2013 and 17 closed out, a net change of +12 holders.
  • The largest Canadian Imperial Bank of Commerce buyer in Q4 2013 was Acadian Asset Management, an estimated $129M added.
  • The largest Canadian Imperial Bank of Commerce seller in Q4 2013 was Royal Bank of Canada, an estimated $43.2M sold.

Based on aggregated 13F filings for Q4 2013.