Canadian Imperial Bank of Commerce
240 hedge funds and large institutions have $18.1B invested in Canadian Imperial Bank of Commerce in 2014 Q4 according to their latest regulatory filings, with 35 funds opening new positions, 104 increasing their positions, 70 reducing their positions, and 27 closing their positions.
49% more repeat investments, than reductions
Existing positions increased: 104 | Existing positions reduced: 70
30% more first-time investments, than exits
New positions opened: 35 | Existing positions closed: 27
11% more funds holding in top 10
Funds holding in top 10: 19 → 21 (+2)
3.09% more ownership
Funds ownership: 103.96% → 107.05% (+3.1%)
2% more funds holding
Funds holding: 235 → 240 (+5)
1% less capital invested
Capital invested by funds: $18.4B → $18.1B (-$248M)
6% less call options, than puts
Call options by funds: $202M | Put options by funds: $216M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$216M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$150M |
| 3 |
AQR Capital Management
Greenwich,
Connecticut
|
+$123M |
| 4 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$63.9M |
| 5 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$49.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$67.8M |
| 2 |
CIBC Asset Management
Toronto,
Ontario, Canada
|
-$55.7M |
| 3 |
Two Sigma Investments
New York
|
-$47.8M |
| 4 |
AI
Analytic Investors
Los Angeles,
California
|
-$44.4M |
| 5 |
BCM
Barometer Capital Management
Toronto,
Ontario, Canada
|
-$35.1M |
CM Hedge Fund Activity: Q4 2014 in Review
240 of the 3,765 institutional investors tracked by Wall St. Rank reported a position in Canadian Imperial Bank of Commerce (CM) for Q4 2014, worth a combined $18.1B — down 1.3% from $18.4B a quarter earlier.
Buyers outnumbered sellers: 35 funds opened new CM positions and 27 closed out — a net gain of 8 holders — while 104 added to existing stakes and 70 trimmed.
The largest buyer was Bank of Montreal, adding an estimated $216M. The largest seller was Manulife (Manufacturers Life Insurance), exiting entirely with an estimated $67.8M sold.
- 240 institutional investors held Canadian Imperial Bank of Commerce (CM) as of Q4 2014, up from 235 in Q3 2014.
- Funds reported $18.1B of Canadian Imperial Bank of Commerce stock for Q4 2014, down 1.3% quarter-over-quarter.
- 35 funds opened new Canadian Imperial Bank of Commerce positions in Q4 2014 and 27 closed out, a net change of +8 holders.
- The largest Canadian Imperial Bank of Commerce buyer in Q4 2014 was Bank of Montreal, an estimated $216M added.
- The largest Canadian Imperial Bank of Commerce seller in Q4 2014 was Manulife (Manufacturers Life Insurance), an estimated $67.8M sold.
Based on aggregated 13F filings for Q4 2014.