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Canadian Imperial Bank of Commerce
CM

391 hedge funds and large institutions have $20B invested in Canadian Imperial Bank of Commerce in 2018 Q3 according to their latest regulatory filings, with 42 funds opening new positions, 147 increasing their positions, 125 reducing their positions, and 27 closing their positions.

New
Increased
Maintained
Reduced
Closed

56% more first-time investments, than exits

New positions opened: 42 | Existing positions closed: 27

18% more repeat investments, than reductions

Existing positions increased: 147 | Existing positions reduced: 125

10% more capital invested

Capital invested by funds: $18.2B → $20B (+$1.74B)

9% more funds holding in top 10

Funds holding in top 10: 23 → 25 (+2)

3% more funds holding

Funds holding: 378 → 391 (+13)

0.17% more ownership

Funds ownership: 94.75% → 94.93% (+0.17%)

42% less call options, than puts

Call options by funds: $330M | Put options by funds: $568M

Holders
391
Holders Change
+13
Holders Change %
+3.44%
% of All Funds
8.94%
Holding in Top 10
25
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+8.7%
% of All Funds
0.57%
New
42
Increased
147
Reduced
125
Closed
27
Calls
$330M
Puts
$568M
Net Calls
-$238M
Net Calls Change
-$85M

Top Buyers

1
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$163M
2
Nordea Investment Management
Nordea Investment Management
Sweden
+$150M
3
Bank of Montreal
Bank of Montreal
Ontario, Canada
+$105M
4
Mackenzie Financial
Mackenzie Financial
Ontario, Canada
+$73.6M
5
APG Asset Management
APG Asset Management
Netherlands
+$50.2M

Top Sellers

1
CCM
Causeway Capital Management
California
-$322M
2
UBS AM
UBS AM
Illinois
-$191M
3
TD Asset Management
TD Asset Management
Ontario, Canada
-$91.8M
4
1832 Asset Management
1832 Asset Management
Ontario, Canada
-$79M
5
OAC
OMERS Administration Corp
Ontario, Canada
-$69.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
Royal Bank of Canada
1
Royal Bank of Canada
Ontario, Canada
$2.65B +$8.25M +179,666 +0.3%
TD Asset Management
2
TD Asset Management
Ontario, Canada
$1.64B -$91.8M -1,999,378 -5%
Bank of Montreal
3
Bank of Montreal
Ontario, Canada
$1.55B +$105M +2,275,902 +7%
Vanguard Group
4
Vanguard Group
Pennsylvania
$1.09B +$28.7M +624,792 +3%
Toronto Dominion Bank
5
Toronto Dominion Bank
Ontario, Canada
$919M +$46.2M +1,005,286 +5%
CIBC Asset Management
6
CIBC Asset Management
Ontario, Canada
$764M +$6.8M +148,082 +0.9%
1832 Asset Management
7
1832 Asset Management
Ontario, Canada
$731M -$79M -1,720,654 -10%
CIBC World Market
8
CIBC World Market
Ontario, Canada
$593M -$14.5M -316,216 -2%
Acadian Asset Management
9
Acadian Asset Management
Massachusetts
$553M +$5.08M +110,494 +0.9%
Bank of Nova Scotia
10
Bank of Nova Scotia
Ontario, Canada
$518M +$31M +674,672 +7%
Deutsche Bank
11
Deutsche Bank
Germany
$475M +$17.8M +388,092 +4%
OAC
12
OMERS Administration Corp
Ontario, Canada
$409M -$69.5M -1,513,142 -15%
Canada Life
13
Canada Life
Manitoba, Canada
$406M +$23.5M +512,328 +6%
QI
14
QV Investors
Alberta, Canada
$404M -$21.4M -466,280 -7%
Norges Bank
15
Norges Bank
Norway
$387M -$7.54M -164,158 -2%
Franklin Resources
16
Franklin Resources
California
$387M -$31.4M -683,252 -8%
Manulife (Manufacturers Life Insurance)
17
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$371M -$45.4M -988,718 -11%
Connor, Clark & Lunn Investment Management (CC&L)
18
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$277M +$8.69M +189,200 +3%
Skandinaviska Enskilda Banken (SEB)
19
Skandinaviska Enskilda Banken (SEB)
Sweden
$239M -$8.9M -193,772 -5%
Federated Hermes
20
Federated Hermes
Pennsylvania
$208M +$15.1M +328,810 +8%
APG Asset Management
21
APG Asset Management
Netherlands
$205M +$50.2M +1,093,000 +27%
Nordea Investment Management
22
Nordea Investment Management
Sweden
$198M +$150M +3,266,220 New
Mackenzie Financial
23
Mackenzie Financial
Ontario, Canada
$189M +$73.6M +1,601,636 +66%
Arrowstreet Capital
24
Arrowstreet Capital
Massachusetts
$167M +$163M +3,552,312 New
AQR Capital Management
25
AQR Capital Management
Connecticut
$165M +$26.5M +577,064 +20%
1
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CM Hedge Fund Activity: Q3 2018 in Review

391 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Canadian Imperial Bank of Commerce (CM) for Q3 2018, worth a combined $20B — up 9.6% from $18.2B a quarter earlier.

Buyers outnumbered sellers: 42 funds opened new CM positions and 27 closed out — a net gain of 15 holders — while 147 added to existing stakes and 125 trimmed.

The largest buyer was Arrowstreet Capital, opening a new position worth an estimated $163M. The largest seller was Causeway Capital Management, cutting an estimated $322M.

  • 391 institutional investors held Canadian Imperial Bank of Commerce (CM) as of Q3 2018, up from 378 in Q2 2018.
  • Funds reported $20B of Canadian Imperial Bank of Commerce stock for Q3 2018, up 9.6% quarter-over-quarter.
  • 42 funds opened new Canadian Imperial Bank of Commerce positions in Q3 2018 and 27 closed out, a net change of +15 holders.
  • The largest Canadian Imperial Bank of Commerce buyer in Q3 2018 was Arrowstreet Capital, an estimated $163M added.
  • The largest Canadian Imperial Bank of Commerce seller in Q3 2018 was Causeway Capital Management, an estimated $322M sold.

Based on aggregated 13F filings for Q3 2018.