Canadian Imperial Bank of Commerce
323 hedge funds and large institutions have $12.8B invested in Canadian Imperial Bank of Commerce in 2020 Q2 according to their latest regulatory filings, with 29 funds opening new positions, 103 increasing their positions, 152 reducing their positions, and 45 closing their positions.
11% more capital invested
Capital invested by funds: $11.5B → $12.8B (+$1.26B)
1% more call options, than puts
Call options by funds: $263M | Put options by funds: $260M
3.61% less ownership
Funds ownership: 89.42% → 85.81% (-3.6%)
5% less funds holding
Funds holding: 339 → 323 (-16)
18% less funds holding in top 10
Funds holding in top 10: 11 → 9 (-2)
32% less repeat investments, than reductions
Existing positions increased: 103 | Existing positions reduced: 152
36% less first-time investments, than exits
New positions opened: 29 | Existing positions closed: 45
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
+$92.4M |
| 2 |
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
|
+$65.3M |
| 3 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
+$40.6M |
| 4 |
CIBC Asset Management
Toronto,
Ontario, Canada
|
+$34.1M |
| 5 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$33.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Causeway Capital Management
Los Angeles,
California
|
-$163M |
| 2 |
BGC
Beutel, Goodman & Co
Toronto,
Ontario, Canada
|
-$103M |
| 3 |
CCMIC
Cardinal Capital Management Inc (Canada)
Winnipeg,
Manitoba, Canada
|
-$68.8M |
| 4 |
Acadian Asset Management
Boston,
Massachusetts
|
-$59.8M |
| 5 |
TD Asset Management
Toronto,
Ontario, Canada
|
-$50.8M |
CM Hedge Fund Activity: Q2 2020 in Review
323 of the 4,888 institutional investors tracked by Wall St. Rank reported a position in Canadian Imperial Bank of Commerce (CM) for Q2 2020, worth a combined $12.8B — up 11% from $11.5B a quarter earlier.
Sellers outnumbered buyers: 45 funds closed out of CM and 29 opened new positions — a net loss of 16 holders — while 152 trimmed existing stakes and 103 added.
The largest buyer was Toronto Dominion Bank, adding an estimated $92.4M. The largest seller was Causeway Capital Management, exiting entirely with an estimated $163M sold.
- 323 institutional investors held Canadian Imperial Bank of Commerce (CM) as of Q2 2020, down from 339 in Q1 2020.
- Funds reported $12.8B of Canadian Imperial Bank of Commerce stock for Q2 2020, up 11% quarter-over-quarter.
- 29 funds opened new Canadian Imperial Bank of Commerce positions in Q2 2020 and 45 closed out, a net change of -16 holders.
- The largest Canadian Imperial Bank of Commerce buyer in Q2 2020 was Toronto Dominion Bank, an estimated $92.4M added.
- The largest Canadian Imperial Bank of Commerce seller in Q2 2020 was Causeway Capital Management, an estimated $163M sold.
Based on aggregated 13F filings for Q2 2020.