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Canadian Imperial Bank of Commerce
CM

390 hedge funds and large institutions have $15.8B invested in Canadian Imperial Bank of Commerce in 2018 Q4 according to their latest regulatory filings, with 54 funds opening new positions, 118 increasing their positions, 156 reducing their positions, and 51 closing their positions.

New
Increased
Maintained
Reduced
Closed

6% more first-time investments, than exits

New positions opened: 54 | Existing positions closed: 51

0.19% more ownership

Funds ownership: 94.93% → 95.12% (+0.19%)

0% less funds holding

Funds holding: 391 → 390 (-1)

8% less funds holding in top 10

Funds holding in top 10: 25 → 23 (-2)

21% less capital invested

Capital invested by funds: $20B → $15.8B (-$4.24B)

24% less repeat investments, than reductions

Existing positions increased: 118 | Existing positions reduced: 156

29% less call options, than puts

Call options by funds: $280M | Put options by funds: $394M

Holders
390
Holders Change
-1
Holders Change %
-0.26%
% of All Funds
8.69%
Holding in Top 10
23
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-8%
% of All Funds
0.51%
New
54
Increased
118
Reduced
156
Closed
51
Calls
$280M
Puts
$394M
Net Calls
-$115M
Net Calls Change
+$123M

Top Buyers

1
CCM
Causeway Capital Management
California
+$137M
2
APG Asset Management
APG Asset Management
Netherlands
+$74.4M
3
BCIM
British Columbia Investment Management
British Columbia, Canada
+$59.1M
4
Bank of Nova Scotia
Bank of Nova Scotia
Ontario, Canada
+$51.6M
5
Vanguard Group
Vanguard Group
Pennsylvania
+$44.3M

Top Sellers

1
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$103M
2
OAC
OMERS Administration Corp
Ontario, Canada
-$81.7M
3
Two Sigma Investments
Two Sigma Investments
New York
-$80.9M
4
1832 Asset Management
1832 Asset Management
Ontario, Canada
-$59.7M
5
TD Asset Management
TD Asset Management
Ontario, Canada
-$31.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
Royal Bank of Canada
1
Royal Bank of Canada
Ontario, Canada
$2.08B -$27.6M -648,778 -1%
TD Asset Management
2
TD Asset Management
Ontario, Canada
$1.27B -$31.4M -737,300 -2%
Bank of Montreal
3
Bank of Montreal
Ontario, Canada
$1.21B -$20.1M -472,046 -1%
Vanguard Group
4
Vanguard Group
Pennsylvania
$902M +$44.3M +1,041,348 +4%
Toronto Dominion Bank
5
Toronto Dominion Bank
Ontario, Canada
$713M -$21.3M -500,374 -3%
CIBC Asset Management
6
CIBC Asset Management
Ontario, Canada
$610M +$2.4M +56,310 +0.3%
1832 Asset Management
7
1832 Asset Management
Ontario, Canada
$529M -$59.7M -1,403,346 -9%
CIBC World Market
8
CIBC World Market
Ontario, Canada
$482M +$12.2M +287,090 +2%
Bank of Nova Scotia
9
Bank of Nova Scotia
Ontario, Canada
$456M +$51.6M +1,213,628 +11%
Acadian Asset Management
10
Acadian Asset Management
Massachusetts
$450M +$11.2M +263,058 +2%
Deutsche Bank
11
Deutsche Bank
Germany
$369M -$9.39M -220,728 -2%
QI
12
QV Investors
Alberta, Canada
$349M +$8.03M +188,730 +3%
Canada Life
13
Canada Life
Manitoba, Canada
$334M +$13.1M +307,188 +4%
Norges Bank
14
Norges Bank
Norway
$310M +$1.96M +46,126 +0.6%
Manulife (Manufacturers Life Insurance)
15
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$300M +$6.26M +147,210 +2%
Franklin Resources
16
Franklin Resources
California
$300M -$9.1M -213,906 -3%
OAC
17
OMERS Administration Corp
Ontario, Canada
$253M -$81.7M -1,921,014 -22%
APG Asset Management
18
APG Asset Management
Netherlands
$223M +$74.4M +1,748,800 +34%
CCM
19
Causeway Capital Management
California
$213M +$137M +3,219,470 +130%
Connor, Clark & Lunn Investment Management (CC&L)
20
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$207M -$15.5M -364,400 -6%
AQR Capital Management
21
AQR Capital Management
Connecticut
$155M +$28.2M +661,742 +19%
Skandinaviska Enskilda Banken (SEB)
22
Skandinaviska Enskilda Banken (SEB)
Sweden
$149M +$1.86M +43,714 +1%
Nordea Investment Management
23
Nordea Investment Management
Sweden
$146M -$16.4M -384,830 -12%
Federated Hermes
24
Federated Hermes
Pennsylvania
$146M -$22.6M -531,466 -12%
Mackenzie Financial
25
Mackenzie Financial
Ontario, Canada
$129M -$24.7M -579,454 -14%
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CM Hedge Fund Activity: Q4 2018 in Review

390 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Canadian Imperial Bank of Commerce (CM) for Q4 2018, worth a combined $15.8B — down 21% from $20B a quarter earlier.

Buyers outnumbered sellers: 54 funds opened new CM positions and 51 closed out — a net gain of 3 holders — while 118 added to existing stakes and 156 trimmed.

The largest buyer was Causeway Capital Management, adding an estimated $137M. The largest seller was Arrowstreet Capital, cutting an estimated $103M.

  • 390 institutional investors held Canadian Imperial Bank of Commerce (CM) as of Q4 2018, down from 391 in Q3 2018.
  • Funds reported $15.8B of Canadian Imperial Bank of Commerce stock for Q4 2018, down 21% quarter-over-quarter.
  • 54 funds opened new Canadian Imperial Bank of Commerce positions in Q4 2018 and 51 closed out, a net change of +3 holders.
  • The largest Canadian Imperial Bank of Commerce buyer in Q4 2018 was Causeway Capital Management, an estimated $137M added.
  • The largest Canadian Imperial Bank of Commerce seller in Q4 2018 was Arrowstreet Capital, an estimated $103M sold.

Based on aggregated 13F filings for Q4 2018.