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Canadian Imperial Bank of Commerce
CM

255 hedge funds and large institutions have $15.9B invested in Canadian Imperial Bank of Commerce in 2016 Q2 according to their latest regulatory filings, with 37 funds opening new positions, 97 increasing their positions, 84 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

106% more first-time investments, than exits

New positions opened: 37 | Existing positions closed: 18

15% more repeat investments, than reductions

Existing positions increased: 97 | Existing positions reduced: 84

7% more funds holding

Funds holding: 239 → 255 (+16)

1.98% more ownership

Funds ownership: 105.55% → 107.54% (+2%)

1% less capital invested

Capital invested by funds: $16.1B → $15.9B (-$180M)

3% less call options, than puts

Call options by funds: $218M | Put options by funds: $224M

5% less funds holding in top 10

Funds holding in top 10: 21 → 20 (-1)

Holders
255
Holders Change
+16
Holders Change %
+6.69%
% of All Funds
6.8%
Holding in Top 10
20
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-4.76%
% of All Funds
0.53%
New
37
Increased
97
Reduced
84
Closed
18
Calls
$218M
Puts
$224M
Net Calls
-$6.2M
Net Calls Change
-$64.7M

Top Buyers

1
Mackenzie Financial
Mackenzie Financial
Ontario, Canada
+$192M
2
JFL
Jarislowsky, Fraser Ltd
Quebec, Canada
+$154M
3
Toronto Dominion Bank
Toronto Dominion Bank
Ontario, Canada
+$105M
4
AIMCA
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
+$72.1M
5
Bank of Montreal
Bank of Montreal
Ontario, Canada
+$62.2M

Top Sellers

1
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$203M
2
Franklin Resources
Franklin Resources
California
-$124M
3
IGIM
I.G. Investment Management
Manitoba, Canada
-$100M
4
TD Asset Management
TD Asset Management
Ontario, Canada
-$46.6M
5
1832 Asset Management
1832 Asset Management
Ontario, Canada
-$43.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
Royal Bank of Canada
1
Royal Bank of Canada
Ontario, Canada
$2.39B -$203M -5,219,886 -8%
TD Asset Management
2
TD Asset Management
Ontario, Canada
$1.57B -$46.6M -1,194,892 -3%
Bank of Montreal
3
Bank of Montreal
Ontario, Canada
$1.24B +$62.2M +1,595,084 +5%
Toronto Dominion Bank
4
Toronto Dominion Bank
Ontario, Canada
$1.04B +$105M +2,689,378 +11%
Bank of Nova Scotia
5
Bank of Nova Scotia
Ontario, Canada
$1B -$1.85M -47,388 -0.2%
IGIM
6
I.G. Investment Management
Manitoba, Canada
$995M -$100M -2,576,290 -9%
1832 Asset Management
7
1832 Asset Management
Ontario, Canada
$616M -$43.7M -1,119,758 -6%
Vanguard Group
8
Vanguard Group
Pennsylvania
$566M +$57.5M +1,475,124 +11%
BGC
9
Beutel, Goodman & Co
Ontario, Canada
$503M +$25.3M +649,978 +5%
CIBC Asset Management
10
CIBC Asset Management
Ontario, Canada
$480M -$22.5M -577,330 -4%
Franklin Resources
11
Franklin Resources
California
$411M -$124M -3,168,278 -22%
Acadian Asset Management
12
Acadian Asset Management
Massachusetts
$359M -$7.82M -200,590 -2%
Norges Bank
13
Norges Bank
Norway
$270M -$5.21M -133,644 -2%
Canada Life
14
Canada Life
Manitoba, Canada
$264M +$1.53M +39,314 +0.6%
AIMCA
15
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$248M +$72.1M +1,849,800 +57%
Connor, Clark & Lunn Investment Management (CC&L)
16
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$233M +$14.6M +375,200 +6%
OAC
17
OMERS Administration Corp
Ontario, Canada
$187M -$38.4M -986,000 -16%
Mackenzie Financial
18
Mackenzie Financial
Ontario, Canada
$185M +$192M +4,919,780 New
Ninety One (UK)
19
Ninety One (UK)
United Kingdom
$150M +$17.1M +437,636 +12%
SRAIM
20
Scheer Rowlett & Associates Investment Management
Ontario, Canada
$146M -$2.92M -74,960 -2%
Legal & General Group
21
Legal & General Group
United Kingdom
$144M +$2.69M +68,962 +2%
Deutsche Bank
22
Deutsche Bank
Germany
$143M +$39.2M +1,004,898 +36%
AQR Capital Management
23
AQR Capital Management
Connecticut
$115M +$7.52M +192,774 +7%
CIBC World Market
24
CIBC World Market
Ontario, Canada
$112M +$6.44M +165,142 +6%
EA
25
Emerald Acquisition
Washington
$109M +$113M +2,903,746 New
1
2 3 4 5

CM Hedge Fund Activity: Q2 2016 in Review

255 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Canadian Imperial Bank of Commerce (CM) for Q2 2016, worth a combined $15.9B — down 1.1% from $16.1B a quarter earlier.

Buyers outnumbered sellers: 37 funds opened new CM positions and 18 closed out — a net gain of 19 holders — while 97 added to existing stakes and 84 trimmed.

The largest buyer was Mackenzie Financial, opening a new position worth an estimated $192M. The largest seller was Royal Bank of Canada, cutting an estimated $203M.

  • 255 institutional investors held Canadian Imperial Bank of Commerce (CM) as of Q2 2016, up from 239 in Q1 2016.
  • Funds reported $15.9B of Canadian Imperial Bank of Commerce stock for Q2 2016, down 1.1% quarter-over-quarter.
  • 37 funds opened new Canadian Imperial Bank of Commerce positions in Q2 2016 and 18 closed out, a net change of +19 holders.
  • The largest Canadian Imperial Bank of Commerce buyer in Q2 2016 was Mackenzie Financial, an estimated $192M added.
  • The largest Canadian Imperial Bank of Commerce seller in Q2 2016 was Royal Bank of Canada, an estimated $203M sold.

Based on aggregated 13F filings for Q2 2016.