Canadian Imperial Bank of Commerce
235 hedge funds and large institutions have $18.4B invested in Canadian Imperial Bank of Commerce in 2014 Q3 according to their latest regulatory filings, with 26 funds opening new positions, 79 increasing their positions, 128 reducing their positions, and 20 closing their positions.
30% more first-time investments, than exits
New positions opened: 26 | Existing positions closed: 20
2% more funds holding
Funds holding: 231 → 235 (+4)
0% more funds holding in top 10
Funds holding in top 10: 19 → 19 (0)
4% less capital invested
Capital invested by funds: $19.2B → $18.4B (-$801M)
4.15% less ownership
Funds ownership: 108.11% → 103.96% (-4.1%)
20% less call options, than puts
Call options by funds: $165M | Put options by funds: $207M
38% less repeat investments, than reductions
Existing positions increased: 79 | Existing positions reduced: 128
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCMIC
Cardinal Capital Management Inc (Canada)
Winnipeg,
Manitoba, Canada
|
+$90.1M |
| 2 |
PIC
PCJ Investment Counsel
Toronto,
Ontario, Canada
|
+$66M |
| 3 |
AI
Analytic Investors
Los Angeles,
California
|
+$45.8M |
| 4 |
Acadian Asset Management
Boston,
Massachusetts
|
+$42.3M |
| 5 |
BCM
Barometer Capital Management
Toronto,
Ontario, Canada
|
+$32.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Norges Bank
Oslo,
Norway
|
-$342M |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$246M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$206M |
| 4 |
IGIM
I.G. Investment Management
Winnipeg,
Manitoba, Canada
|
-$70.7M |
| 5 |
TD Asset Management
Toronto,
Ontario, Canada
|
-$55.5M |
CM Hedge Fund Activity: Q3 2014 in Review
235 of the 3,455 institutional investors tracked by Wall St. Rank reported a position in Canadian Imperial Bank of Commerce (CM) for Q3 2014, worth a combined $18.4B — down 4.2% from $19.2B a quarter earlier.
Buyers outnumbered sellers: 26 funds opened new CM positions and 20 closed out — a net gain of 6 holders — while 79 added to existing stakes and 128 trimmed.
The largest buyer was Cardinal Capital Management Inc (Canada), adding an estimated $90.1M. The largest seller was Norges Bank, cutting an estimated $342M.
- 235 institutional investors held Canadian Imperial Bank of Commerce (CM) as of Q3 2014, up from 231 in Q2 2014.
- Funds reported $18.4B of Canadian Imperial Bank of Commerce stock for Q3 2014, down 4.2% quarter-over-quarter.
- 26 funds opened new Canadian Imperial Bank of Commerce positions in Q3 2014 and 20 closed out, a net change of +6 holders.
- The largest Canadian Imperial Bank of Commerce buyer in Q3 2014 was Cardinal Capital Management Inc (Canada), an estimated $90.1M added.
- The largest Canadian Imperial Bank of Commerce seller in Q3 2014 was Norges Bank, an estimated $342M sold.
Based on aggregated 13F filings for Q3 2014.