Canadian Imperial Bank of Commerce
393 hedge funds and large institutions have $19.9B invested in Canadian Imperial Bank of Commerce in 2023 Q4 according to their latest regulatory filings, with 72 funds opening new positions, 130 increasing their positions, 139 reducing their positions, and 31 closing their positions.
132% more first-time investments, than exits
New positions opened: 72 | Existing positions closed: 31
33% more funds holding in top 10
Funds holding in top 10: 12 → 16 (+4)
28% more capital invested
Capital invested by funds: $15.6B → $19.9B (+$4.32B)
12% more call options, than puts
Call options by funds: $558M | Put options by funds: $499M
10% more funds holding
Funds holding: 358 → 393 (+35)
0.76% more ownership
Funds ownership: 43.37% → 44.13% (+0.76%)
6% less repeat investments, than reductions
Existing positions increased: 130 | Existing positions reduced: 139
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$259M |
| 2 |
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
|
+$118M |
| 3 |
TD Asset Management
Toronto,
Ontario, Canada
|
+$109M |
| 4 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
+$109M |
| 5 |
Fidelity International
Hamilton,
Bermuda
|
+$87.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$351M |
| 2 |
National Bank of Canada
Montreal,
Quebec, Canada
|
-$122M |
| 3 |
Capital World Investors
Los Angeles,
California
|
-$97.9M |
| 4 |
Franklin Resources
San Mateo,
California
|
-$34.1M |
| 5 |
Two Sigma Investments
New York
|
-$27.3M |
CM Hedge Fund Activity: Q4 2023 in Review
393 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in Canadian Imperial Bank of Commerce (CM) for Q4 2023, worth a combined $19.9B — up 28% from $15.6B a quarter earlier.
Buyers outnumbered sellers: 72 funds opened new CM positions and 31 closed out — a net gain of 41 holders — while 130 added to existing stakes and 139 trimmed.
The largest buyer was Goldman Sachs, adding an estimated $259M. The largest seller was Bank of Montreal, cutting an estimated $351M.
- 393 institutional investors held Canadian Imperial Bank of Commerce (CM) as of Q4 2023, up from 358 in Q3 2023.
- Funds reported $19.9B of Canadian Imperial Bank of Commerce stock for Q4 2023, up 28% quarter-over-quarter.
- 72 funds opened new Canadian Imperial Bank of Commerce positions in Q4 2023 and 31 closed out, a net change of +41 holders.
- The largest Canadian Imperial Bank of Commerce buyer in Q4 2023 was Goldman Sachs, an estimated $259M added.
- The largest Canadian Imperial Bank of Commerce seller in Q4 2023 was Bank of Montreal, an estimated $351M sold.
Based on aggregated 13F filings for Q4 2023.