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Canadian Imperial Bank of Commerce
CM

364 hedge funds and large institutions have $17.1B invested in Canadian Imperial Bank of Commerce in 2020 Q4 according to their latest regulatory filings, with 61 funds opening new positions, 111 increasing their positions, 142 reducing their positions, and 24 closing their positions.

New
Increased
Maintained
Reduced
Closed

154% more first-time investments, than exits

New positions opened: 61 | Existing positions closed: 24

23% more call options, than puts

Call options by funds: $338M | Put options by funds: $276M

16% more capital invested

Capital invested by funds: $14.8B → $17.1B (+$2.37B)

10% more funds holding

Funds holding: 332 → 364 (+32)

1.34% more ownership

Funds ownership: 87.74% → 89.08% (+1.3%)

11% less funds holding in top 10

Funds holding in top 10: 19 → 17 (-2)

22% less repeat investments, than reductions

Existing positions increased: 111 | Existing positions reduced: 142

Holders
364
Holders Change
+32
Holders Change %
+9.64%
% of All Funds
6.44%
Holding in Top 10
17
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-10.53%
% of All Funds
0.3%
New
61
Increased
111
Reduced
142
Closed
24
Calls
$338M
Puts
$276M
Net Calls
+$62.8M
Net Calls Change
+$130M

Top Buyers

1
Bank of Nova Scotia
Bank of Nova Scotia
Ontario, Canada
+$142M
2
Toronto Dominion Bank
Toronto Dominion Bank
Ontario, Canada
+$121M
3
BCIM
British Columbia Investment Management
British Columbia, Canada
+$80.3M
4
Mackenzie Financial
Mackenzie Financial
Ontario, Canada
+$75.7M
5
Canada Pension Plan Investment Board
Canada Pension Plan Investment Board
Ontario, Canada
+$71.7M

Top Sellers

1
Bank of Montreal
Bank of Montreal
Ontario, Canada
-$143M
2
CS
Credit Suisse
Switzerland
-$113M
3
OAC
OMERS Administration Corp
Ontario, Canada
-$88.2M
4
IIM
Intact Investment Management
Quebec, Canada
-$63.3M
5
CAM
Cidel Asset Management
Ontario, Canada
-$28.9M
Name Holding Trade Value Shares
Change 		Change in
Stake
Royal Bank of Canada
1
Royal Bank of Canada
Ontario, Canada
$3B +$18.5M +454,826 +0.7%
Bank of Montreal
2
Bank of Montreal
Ontario, Canada
$1.62B -$143M -3,518,696 -9%
Toronto Dominion Bank
3
Toronto Dominion Bank
Ontario, Canada
$1.24B +$121M +2,973,562 +11%
Bank of Nova Scotia
4
Bank of Nova Scotia
Ontario, Canada
$1.15B +$142M +3,484,022 +15%
Vanguard Group
5
Vanguard Group
Pennsylvania
$1.14B -$1.64M -40,286 -0.2%
TD Asset Management
6
TD Asset Management
Ontario, Canada
$974M -$195K -4,796 -0%
CIBC World Market
7
CIBC World Market
Ontario, Canada
$609M +$49.4M +1,211,960 +9%
CIBC Asset Management
8
CIBC Asset Management
Ontario, Canada
$481M +$39.1M +960,232 +9%
1832 Asset Management
9
1832 Asset Management
Ontario, Canada
$404M +$1.36M +33,470 +0.4%
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
10
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
$352M +$27.3M +670,000 +9%
Norges Bank
11
Norges Bank
Norway
$339M +$4.06M +99,572 +1%
Manulife (Manufacturers Life Insurance)
12
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$315M +$13.6M +333,962 +6%
Bank of America
13
Bank of America
North Carolina
$309M +$2.68M +65,688 +0.9%
Canada Life
14
Canada Life
Manitoba, Canada
$300M -$7.12M -174,708 -2%
Deutsche Bank
15
Deutsche Bank
Germany
$231M +$11.5M +282,572 +6%
Mackenzie Financial
16
Mackenzie Financial
Ontario, Canada
$225M +$75.7M +1,858,906 +54%
Legal & General Group
17
Legal & General Group
United Kingdom
$203M +$17.7M +435,446 +10%
BCIM
18
British Columbia Investment Management
British Columbia, Canada
$162M +$80.3M +1,972,776 +109%
JP Morgan Chase
19
JP Morgan Chase
New York
$153M +$23.9M +587,490 +20%
Federated Hermes
20
Federated Hermes
Pennsylvania
$151M -$7.25M -177,970 -5%
OAC
21
OMERS Administration Corp
Ontario, Canada
$149M -$88.2M -2,164,868 -38%
SC
22
Scotia Capital
Ontario, Canada
$146M +$1.57M +38,508 +1%
Connor, Clark & Lunn Investment Management (CC&L)
23
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$136M +$11.5M +281,160 +10%
AIMCA
24
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$133M +$5.3M +130,200 +4%
LBA
25
Letko, Brosseau & Associates
Quebec, Canada
$130M -$8.52M -209,100 -6%
1
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CM Hedge Fund Activity: Q4 2020 in Review

364 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Canadian Imperial Bank of Commerce (CM) for Q4 2020, worth a combined $17.1B — up 16% from $14.8B a quarter earlier.

Buyers outnumbered sellers: 61 funds opened new CM positions and 24 closed out — a net gain of 37 holders — while 111 added to existing stakes and 142 trimmed.

The largest buyer was Bank of Nova Scotia, adding an estimated $142M. The largest seller was Bank of Montreal, cutting an estimated $143M.

  • 364 institutional investors held Canadian Imperial Bank of Commerce (CM) as of Q4 2020, up from 332 in Q3 2020.
  • Funds reported $17.1B of Canadian Imperial Bank of Commerce stock for Q4 2020, up 16% quarter-over-quarter.
  • 61 funds opened new Canadian Imperial Bank of Commerce positions in Q4 2020 and 24 closed out, a net change of +37 holders.
  • The largest Canadian Imperial Bank of Commerce buyer in Q4 2020 was Bank of Nova Scotia, an estimated $142M added.
  • The largest Canadian Imperial Bank of Commerce seller in Q4 2020 was Bank of Montreal, an estimated $143M sold.

Based on aggregated 13F filings for Q4 2020.