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Canadian Imperial Bank of Commerce
CM

358 hedge funds and large institutions have $17.4B invested in Canadian Imperial Bank of Commerce in 2017 Q2 according to their latest regulatory filings, with 95 funds opening new positions, 154 increasing their positions, 74 reducing their positions, and 26 closing their positions.

New
Increased
Maintained
Reduced
Closed

265% more first-time investments, than exits

New positions opened: 95 | Existing positions closed: 26

108% more repeat investments, than reductions

Existing positions increased: 154 | Existing positions reduced: 74

23% more funds holding

Funds holding: 290 → 358 (+68)

8% more funds holding in top 10

Funds holding in top 10: 24 → 26 (+2)

8% less call options, than puts

Call options by funds: $214M | Put options by funds: $233M

5% less capital invested

Capital invested by funds: $18.4B → $17.4B (-$985M)

8.85% less ownership

Funds ownership: 105.93% → 97.08% (-8.8%)

Holders
358
Holders Change
+68
Holders Change %
+23.45%
% of All Funds
8.93%
Holding in Top 10
26
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+8.33%
% of All Funds
0.65%
New
95
Increased
154
Reduced
74
Closed
26
Calls
$214M
Puts
$233M
Net Calls
-$18.1M
Net Calls Change
-$477M

Top Buyers

1
QI
QV Investors
Alberta, Canada
+$285M
2
Vanguard Group
Vanguard Group
Pennsylvania
+$112M
3
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$95.8M
4
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
+$90.1M
5
IIM
Intact Investment Management
Quebec, Canada
+$74.9M

Top Sellers

1
Bank of Nova Scotia
Bank of Nova Scotia
Ontario, Canada
-$650M
2
Toronto Dominion Bank
Toronto Dominion Bank
Ontario, Canada
-$314M
3
IGIM
I.G. Investment Management
Manitoba, Canada
-$292M
4
Bank of Montreal
Bank of Montreal
Ontario, Canada
-$140M
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$125M
Name Holding Trade Value Shares
Change 		Change in
Stake
Royal Bank of Canada
1
Royal Bank of Canada
Ontario, Canada
$2.21B -$125M -3,105,302 -5%
TD Asset Management
2
TD Asset Management
Ontario, Canada
$1.65B +$50.1M +1,241,322 +3%
Bank of Montreal
3
Bank of Montreal
Ontario, Canada
$1.37B -$140M -3,460,022 -9%
Vanguard Group
4
Vanguard Group
Pennsylvania
$800M +$112M +2,782,038 +16%
Toronto Dominion Bank
5
Toronto Dominion Bank
Ontario, Canada
$726M -$314M -7,772,872 -30%
1832 Asset Management
6
1832 Asset Management
Ontario, Canada
$714M +$5.97M +147,776 +0.8%
CIBC Asset Management
7
CIBC Asset Management
Ontario, Canada
$628M +$73.3M +1,815,926 +13%
BGC
8
Beutel, Goodman & Co
Ontario, Canada
$537M -$9.04M -223,780 -2%
Acadian Asset Management
9
Acadian Asset Management
Massachusetts
$494M +$32.9M +815,344 +7%
Franklin Resources
10
Franklin Resources
California
$430M -$2.76M -68,364 -0.6%
Connor, Clark & Lunn Investment Management (CC&L)
11
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$391M +$14.7M +365,060 +4%
Bank of Nova Scotia
12
Bank of Nova Scotia
Ontario, Canada
$383M -$650M -16,095,430 -63%
QI
13
QV Investors
Alberta, Canada
$371M +$285M +7,046,030 New
Norges Bank
14
Norges Bank
Norway
$323M +$29.1M +721,590 +10%
OAC
15
OMERS Administration Corp
Ontario, Canada
$302M – – –
Canada Life
16
Canada Life
Manitoba, Canada
$280M -$10.3M -255,604 -4%
Ninety One (UK)
17
Ninety One (UK)
United Kingdom
$261M +$5.81M +143,852 +2%
Manulife (Manufacturers Life Insurance)
18
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$233M +$90.1M +2,231,168 +63%
CIBC World Market
19
CIBC World Market
Ontario, Canada
$222M +$25.7M +636,132 +13%
AIMCA
20
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$220M -$75.5M -1,869,400 -31%
Deutsche Bank
21
Deutsche Bank
Germany
$215M +$49.5M +1,226,190 +30%
IIM
22
Intact Investment Management
Quebec, Canada
$172M +$74.9M +1,854,560 +131%
Russell Investments Group
23
Russell Investments Group
United Kingdom
$166M +$7.94M +196,648 +5%
Legal & General Group
24
Legal & General Group
United Kingdom
$156M +$10.7M +264,056 +7%
AQR Capital Management
25
AQR Capital Management
Connecticut
$150M +$12.7M +313,580 +9%
1
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CM Hedge Fund Activity: Q2 2017 in Review

358 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Canadian Imperial Bank of Commerce (CM) for Q2 2017, worth a combined $17.4B — down 5.4% from $18.4B a quarter earlier.

Buyers outnumbered sellers: 95 funds opened new CM positions and 26 closed out — a net gain of 69 holders — while 154 added to existing stakes and 74 trimmed.

The largest buyer was QV Investors, opening a new position worth an estimated $285M. The largest seller was Bank of Nova Scotia, cutting an estimated $650M.

  • 358 institutional investors held Canadian Imperial Bank of Commerce (CM) as of Q2 2017, up from 290 in Q1 2017.
  • Funds reported $17.4B of Canadian Imperial Bank of Commerce stock for Q2 2017, down 5.4% quarter-over-quarter.
  • 95 funds opened new Canadian Imperial Bank of Commerce positions in Q2 2017 and 26 closed out, a net change of +69 holders.
  • The largest Canadian Imperial Bank of Commerce buyer in Q2 2017 was QV Investors, an estimated $285M added.
  • The largest Canadian Imperial Bank of Commerce seller in Q2 2017 was Bank of Nova Scotia, an estimated $650M sold.

Based on aggregated 13F filings for Q2 2017.