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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.

New
Increased
Maintained
Reduced
Closed

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: 243238 (-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: 2624 (-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

Holders
238
Holders Change
-5
Holders Change %
-2.06%
% of All Funds
6.24%
Holding in Top 10
24
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-7.69%
% of All Funds
0.63%
New
23
Increased
93
Reduced
94
Closed
27
Calls
$178M
Puts
$167M
Net Calls
+$11.1M
Net Calls Change
+$42.1M
Name Holding Trade Value Shares
Change
Change in
Stake
Royal Bank of Canada
1
Royal Bank of Canada
Ontario, Canada
$2.23B -$84.1M -2,293,596 -3%
TD Asset Management
2
TD Asset Management
Ontario, Canada
$1.5B -$40.3M -1,098,886 -2%
Bank of Montreal
3
Bank of Montreal
Ontario, Canada
$1.09B -$57.2M -1,558,712 -4%
IGIM
4
I.G. Investment Management
Manitoba, Canada
$962M -$25.5M -695,338 -2%
Bank of Nova Scotia
5
Bank of Nova Scotia
Ontario, Canada
$911M -$117M -3,178,252 -10%
Toronto Dominion Bank
6
Toronto Dominion Bank
Ontario, Canada
$855M +$33.1M +903,534 +4%
Franklin Resources
7
Franklin Resources
California
$498M +$18.6M +506,188 +3%
CIBC Asset Management
8
CIBC Asset Management
Ontario, Canada
$486M -$22.7M -618,726 -4%
BGC
9
Beutel, Goodman & Co
Ontario, Canada
$439M +$653K +17,810 +0.1%
1832 Asset Management
10
1832 Asset Management
Ontario, Canada
$437M -$27.7M -756,124 -5%
Vanguard Group
11
Vanguard Group
Pennsylvania
$375M +$31.7M +863,800 +8%
Acadian Asset Management
12
Acadian Asset Management
Massachusetts
$314M +$17.7M +482,400 +5%
Norges Bank
13
Norges Bank
Norway
$246M +$1.75M +47,782 +0.6%
Canada Life
14
Canada Life
Manitoba, Canada
$228M -$3.64M -99,366 -1%
Connor, Clark & Lunn Investment Management (CC&L)
15
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$207M -$4.81M -131,220 -2%
Mackenzie Financial
16
Mackenzie Financial
Ontario, Canada
$206M -$6.9M -188,298 -3%
OAC
17
OMERS Administration Corp
Ontario, Canada
$164M +$36.5M +995,600 +25%
AIMCA
18
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$161M -$21.4M -584,200 -14%
SRAIM
19
Scheer Rowlett & Associates Investment Management
Ontario, Canada
$127M -$6.66M -181,614 -4%
Legal & General Group
20
Legal & General Group
United Kingdom
$120M +$2M +54,546 +2%
Ninety One (UK)
21
Ninety One (UK)
United Kingdom
$119M +$1.46M +39,758 +1%
RFC
22
Russell Frank Company
Washington
$109M +$5.81M +158,368 +5%
GCC
23
Guardian Capital (Canada)
Ontario, Canada
$95.7M -$4.92M -134,278 -4%
Deutsche Bank
24
Deutsche Bank
Germany
$88.3M -$852K -23,248 -0.9%
CIBC World Market
25
CIBC World Market
Ontario, Canada
$85.6M +$2.91M +79,488 +3%

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.