Canadian Imperial Bank of Commerce
377 hedge funds and large institutions have $18.2B invested in Canadian Imperial Bank of Commerce in 2018 Q2 according to their latest regulatory filings, with 33 funds opening new positions, 137 increasing their positions, 130 reducing their positions, and 42 closing their positions.
5% more repeat investments, than reductions
Existing positions increased: 137 | Existing positions reduced: 130
0.58% less ownership
Funds ownership: 95.32% → 94.74% (-0.58%)
3% less capital invested
Capital invested by funds: $18.9B → $18.2B (-$642M)
3% less funds holding
Funds holding: 390 → 377 (-13)
15% less funds holding in top 10
Funds holding in top 10: 27 → 23 (-4)
21% less first-time investments, than exits
New positions opened: 33 | Existing positions closed: 42
34% less call options, than puts
Call options by funds: $296M | Put options by funds: $449M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Causeway Capital Management
Los Angeles,
California
|
+$305M |
| 2 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
+$151M |
| 3 |
OAC
OMERS Administration Corp
Toronto,
Ontario, Canada
|
+$114M |
| 4 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$112M |
| 5 |
APG Asset Management
Amsterdam,
Netherlands
|
+$65.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BGC
Beutel, Goodman & Co
Toronto,
Ontario, Canada
|
-$354M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$202M |
| 3 |
TD Asset Management
Toronto,
Ontario, Canada
|
-$92.5M |
| 4 |
CIBC World Market
Toronto,
Ontario, Canada
|
-$61.1M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$51.4M |
CM Hedge Fund Activity: Q2 2018 in Review
377 of the 4,385 institutional investors tracked by Wall St. Rank reported a position in Canadian Imperial Bank of Commerce (CM) for Q2 2018, worth a combined $18.2B — down 3.4% from $18.9B a quarter earlier.
Sellers outnumbered buyers: 42 funds closed out of CM and 33 opened new positions — a net loss of 9 holders — while 130 trimmed existing stakes and 137 added.
The largest buyer was Causeway Capital Management, adding an estimated $305M. The largest seller was Beutel, Goodman & Co, cutting an estimated $354M.
- 377 institutional investors held Canadian Imperial Bank of Commerce (CM) as of Q2 2018, down from 390 in Q1 2018.
- Funds reported $18.2B of Canadian Imperial Bank of Commerce stock for Q2 2018, down 3.4% quarter-over-quarter.
- 33 funds opened new Canadian Imperial Bank of Commerce positions in Q2 2018 and 42 closed out, a net change of -9 holders.
- The largest Canadian Imperial Bank of Commerce buyer in Q2 2018 was Causeway Capital Management, an estimated $305M added.
- The largest Canadian Imperial Bank of Commerce seller in Q2 2018 was Beutel, Goodman & Co, an estimated $354M sold.
Based on aggregated 13F filings for Q2 2018.