Canadian Imperial Bank of Commerce
393 hedge funds and large institutions have $17.7B invested in Canadian Imperial Bank of Commerce in 2023 Q2 according to their latest regulatory filings, with 40 funds opening new positions, 179 increasing their positions, 109 reducing their positions, and 28 closing their positions.
64% more repeat investments, than reductions
Existing positions increased: 179 | Existing positions reduced: 109
43% more first-time investments, than exits
New positions opened: 40 | Existing positions closed: 28
21% more call options, than puts
Call options by funds: $686M | Put options by funds: $566M
3% more funds holding
Funds holding: 381 → 393 (+12)
0.09% more ownership
Funds ownership: 44.75% → 44.83% (+0.09%)
2% less capital invested
Capital invested by funds: $18B → $17.7B (-$295M)
8% less funds holding in top 10
Funds holding in top 10: 12 → 11 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$368M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$120M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$88.9M |
| 4 |
MSE
MUFG Securities EMEA
London,
United Kingdom
|
+$87.7M |
| 5 |
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
|
+$71.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
-$198M |
| 2 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
-$143M |
| 3 |
Fidelity International
Hamilton,
Bermuda
|
-$120M |
| 4 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
-$97.3M |
| 5 |
Capital World Investors
Los Angeles,
California
|
-$82.4M |
CM Hedge Fund Activity: Q2 2023 in Review
393 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in Canadian Imperial Bank of Commerce (CM) for Q2 2023, worth a combined $17.7B — down 1.6% from $18B a quarter earlier.
Buyers outnumbered sellers: 40 funds opened new CM positions and 28 closed out — a net gain of 12 holders — while 179 added to existing stakes and 109 trimmed.
The largest buyer was Bank of Montreal, adding an estimated $368M. The largest seller was Canada Pension Plan Investment Board, cutting an estimated $198M.
- 393 institutional investors held Canadian Imperial Bank of Commerce (CM) as of Q2 2023, up from 381 in Q1 2023.
- Funds reported $17.7B of Canadian Imperial Bank of Commerce stock for Q2 2023, down 1.6% quarter-over-quarter.
- 40 funds opened new Canadian Imperial Bank of Commerce positions in Q2 2023 and 28 closed out, a net change of +12 holders.
- The largest Canadian Imperial Bank of Commerce buyer in Q2 2023 was Bank of Montreal, an estimated $368M added.
- The largest Canadian Imperial Bank of Commerce seller in Q2 2023 was Canada Pension Plan Investment Board, an estimated $198M sold.
Based on aggregated 13F filings for Q2 2023.